2509 Royal Carriage 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
Rental property for sale in Mobile at 2509 Royal Carriage Dr, Mobile, AL, 36695 priced at $270,000 converts $2,267/mo rent into $593/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,267/mo, and annual cash flow totals $7,120/yr on $89,505 invested. Return on cash invested prints 27.86% in year one, and rental yield reads 10.08% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 145.52% and total cumulative return in cash sums $130,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,267/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.38 Acres lot
$N/A/sqft
$40 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: Joshua Tanner • Better Homes & Gardens RE Platinum Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7476181
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.