2507 Richard AveMobileAL36606
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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 2507 Richard Ave, Mobile, AL, 36606 uses $64,643 cash to close to unlock $4,245/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,454/mo, and a $954/mo payment keeps the spread at $354/mo. Purchase price stands at $195,000, and rental yield measures 8.95% with $1,454/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 137.35% and total cumulative return in cash records $88,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,454/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1948
7,487 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36606, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,896 (100%) |
| Owner Occupied HU | 3,815 (42.9%) |
| Renter Occupied HU | 4,040 (45.4%) |
| Vacant Housing Units | 1,041 (11.7%) |
| Median Home Value | $167,385 |
| Average Home Value | $215,430 |
Housing Distribution
Address Breakdown
Residential
8,361
Single Family
6,941
Multi-Family
1,420
Businesses
1,306
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