2716 Ridgemont CtMobileAL36693
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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 2716 Ridgemont Ct, Mobile, AL, 36693 with 5% annual appreciation on a $264,750 basis while $2,380/mo rent supports operations. Total monthly income totals $2,380/mo and a $1,296/mo payment preserves $885/mo for cash returns. Annual cash flow comes to $10,625/yr on $87,765 deployed, and return on cash invested reaches 32.02% in year one. Equity gained on principal adds $1,708/yr, and five-year appreciation sums $73,146 alongside rental yield of 10.79%. Five-year ROI measures 167.08% and total cumulative return in cash totals $146,637.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,380/mo property income versus a $1,296/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36693, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,986 (100%) |
| Owner Occupied HU | 5,549 (61.8%) |
| Renter Occupied HU | 2,629 (29.3%) |
| Vacant Housing Units | 808 ( 9.0%) |
| Median Home Value | $234,614 |
| Average Home Value | $284,297 |
Housing Distribution
Address Breakdown
Residential
8,474
Single Family
6,581
Multi-Family
1,893
Businesses
653
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Listed by: Silvia Skultety • Mobile Bay Real Estate, LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7488954
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.