2819 Ramada Dr WMobileAL36693
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
Investment property for sale in Mobile at 2819 Ramada Dr W, Mobile, AL, 36693 uses $65,969 cash to close to unlock $5,382/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $1,594/mo, and a $974/mo payment keeps the spread at $449/mo. Purchase price stands at $199,000, and rental yield measures 9.61% with $1,594/mo rent. Return on cash invested shows 28.07% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 146.06% and total cumulative return in cash records $96,354. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,594/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louise Manwaring • IXL Real Estate LLC
Mls Name: GCMLS
Mls Provider:
Mls ID: #7502832
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.