6417 Cherry Ridge DrMobileAL36695
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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 6417 Cherry Ridge Dr, Mobile, AL, 36695 with 5% annual appreciation on a $299,000 basis while $2,552/mo rent supports operations. Total monthly income totals $2,552/mo and a $1,463/mo payment preserves $865/mo for cash returns. Annual cash flow comes to $10,377/yr on $99,119 deployed, and return on cash invested reaches 30.38% in year one. Equity gained on principal adds $1,929/yr, and five-year appreciation sums $82,608 alongside rental yield of 10.24%. Five-year ROI measures 158.26% and total cumulative return in cash totals $156,862.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,552/mo property income versus a $1,463/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
9,191 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36695, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,268 (100%) |
| Owner Occupied HU | 14,535 (65.3%) |
| Renter Occupied HU | 6,614 (29.7%) |
| Vacant Housing Units | 1,119 ( 5.0%) |
| Median Home Value | $263,847 |
| Average Home Value | $294,427 |
Housing Distribution
Address Breakdown
Residential
21,840
Single Family
16,541
Multi-Family
5,299
Businesses
729
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Listed by: Rachael Sewell • IXL Real Estate-Eastern Shore
Mls Name: GCMLS
Mls Provider:
Mls ID: #7438138
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.