2402 Dog River Dr NMobileAL36605
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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
Investment property for sale in Mobile at 2402 Dog River Dr N, Mobile, AL, 36605 uses $39,449 cash to close to unlock $3,081/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $928/mo, and a $582/mo payment keeps the spread at $257/mo. Purchase price stands at $119,000, and rental yield measures 9.36% with $928/mo rent. Return on cash invested shows 27.72% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 144.02% and total cumulative return in cash records $56,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $928/mo property income covering a $582/mo payment rather than investor’s personal income.
Single Family
Built in N/A
9,043 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36605, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,524 (100%) |
| Owner Occupied HU | 5,610 (44.8%) |
| Renter Occupied HU | 4,297 (34.3%) |
| Vacant Housing Units | 2,617 (20.9%) |
| Median Home Value | $116,350 |
| Average Home Value | $206,919 |
Housing Distribution
Address Breakdown
Residential
10,586
Single Family
10,090
Multi-Family
496
Businesses
404
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