3009 Riverside DrMobileAL36605
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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 3009 Riverside Dr, Mobile, AL, 36605 listed at $716,800 pairs $2,009/mo rent with a $3,508/mo payment. Total monthly income runs $2,009/mo. Return on cash invested measures 9.7% in year one, and rental yield registers 3.36% at a $716,800 basis. Equity gained on principal adds $4,625/yr, and annual property appreciation at 5% supports $198,039 by year five. Five-year ROI tracks 47.33% and total cumulative return in cash totals $111,610. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,009/mo property income relative to a $3,508/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36605, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,524 (100%) |
| Owner Occupied HU | 5,610 (44.8%) |
| Renter Occupied HU | 4,297 (34.3%) |
| Vacant Housing Units | 2,617 (20.9%) |
| Median Home Value | $116,350 |
| Average Home Value | $206,919 |
Housing Distribution
Address Breakdown
Residential
10,586
Single Family
10,090
Multi-Family
496
Businesses
404
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