2380 Carrington DrMobileAL36695
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Mobile at 2380 Carrington Dr, Mobile, AL, 36695 with 5% annual appreciation on a $299,330 basis while $2,952/mo rent supports operations. Total monthly income totals $2,952/mo and a $1,465/mo payment preserves $1,250/mo for cash returns. Annual cash flow comes to $15,000/yr on $99,228 deployed, and return on cash invested reaches 35.03% in year one. Equity gained on principal adds $1,932/yr, and five-year appreciation sums $82,699 alongside rental yield of 11.83%. Five-year ROI measures 183.22% and total cumulative return in cash totals $181,806.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,952/mo property income versus a $1,465/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1988
0.52 Acres lot
$N/A/sqft
$150 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Singleton • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7485683
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.