2647 Weems DrMobileAL36607
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2647 Weems Dr, Mobile, AL, 36607 in Mobile hard to pass up. The 10.69% gross yield on a $189,900 purchase results in $1,692/mo in rent and $620/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.98). Annual cash flow of $7,441, five-year appreciation of $52,466, and $1,749/yr in equity build-up combine for a projected total cumulative return of $111,486.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.8% |
| Monthly Cash Flow | $620 | $450 |
City averages based on Mobile market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,692 |
| Total Monthly Debt Service | $996 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36607, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,700 (100%) |
| Owner Occupied HU | 1,460 (39.5%) |
| Renter Occupied HU | 1,593 (43.1%) |
| Vacant Housing Units | 647 (17.5%) |
| Median Home Value | $213,704 |
| Average Home Value | $279,693 |
Housing Distribution
Address Breakdown
Residential
3,093
Single Family
2,589
Multi-Family
504
Businesses
516
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
Single Family
Built in 2006
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36607, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,700 (100%) |
| Owner Occupied HU | 1,460 (39.5%) |
| Renter Occupied HU | 1,593 (43.1%) |
| Vacant Housing Units | 647 (17.5%) |
| Median Home Value | $213,704 |
| Average Home Value | $279,693 |
Housing Distribution
Address Breakdown
Residential
3,093
Single Family
2,589
Multi-Family
504
Businesses
516
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ron Lattrell • PropTek LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7602499
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.