2303 Hamilton Ridge Dr EMobileAL36695
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mobile at 2303 Hamilton Ridge Dr E, Mobile, AL, 36695 priced at $343,900 converts $2,992/mo rent into $1,011/mo cash flow after a $1,683/mo obligation. Total monthly income equals $2,992/mo, and annual cash flow totals $12,130/yr on $114,003 invested. Return on cash invested prints 30.55% in year one, and rental yield reads 10.44% against a $343,900 entry. Equity gained on principal adds $2,219/yr, while 5% annual appreciation compiles into $95,013 by year five. Five-year ROI reaches 159.33% and total cumulative return in cash sums $181,639. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,992/mo property income covering a $1,683/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$483 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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Listed by: Janice Hartley-Odom • DHI Realty of Alabama LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7339751
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.