2647 Weems DrMobileAL36607
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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 2647 Weems Dr, Mobile, AL, 36607 offers a 10.69% rental yield on a $189,900 purchase with $1,692/mo rent. Total monthly income registers $1,692/mo, and a $929/mo payment leaves $621/mo available for distribution. Annual cash flow reaches $7,447/yr on $62,952 to close, and return on cash invested stands at 31.74% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 165.6% and total cumulative return in cash at $104,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,692/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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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.