6583 Addison Woods DrMobileAL36693
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 6583 Addison Woods Dr, Mobile, AL, 36693 uses $87,939 cash to close to unlock $7,231/yr annual cash flow and $603/mo monthly cash flow. Total monthly income runs $2,318/mo, and a $1,298/mo payment keeps the spread at $603/mo. Purchase price stands at $265,275, and rental yield measures 10.49% with $2,318/mo rent. Return on cash invested shows 28.13% in year one, and 5% annual appreciation builds toward $73,291 over five years. Five-year ROI reaches 147.31% and total cumulative return in cash records $129,546. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,318/mo property income covering a $1,298/mo payment rather than investor’s personal income.
Single Family
Built in 2022
5,096 sqft lot
$N/A/sqft
$250 annually 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: Saritha Chava • RE/MAX Partners
Mls Name: GCMLS
Mls Provider:
Mls ID: #7581129
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.