7805 Lantern WayMobileAL36619
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
Rental property for sale in Mobile at 7805 Lantern Way, Mobile, AL, 36619 priced at $215,100 pairs $2,364/mo rent with $1,145/mo cash flow after a $1,053/mo payment. Total monthly income equals $2,364/mo, and annual cash flow comes to $13,736/yr on $71,306 invested. Return on cash invested is 39.17% in year one, and rental yield stands at 13.19% on a $215,100 basis. Equity gained on principal adds $1,388/yr, and 5% annual appreciation accumulates to $59,428 by year five. Five-year ROI measures 205.48% and total cumulative return in cash reaches $146,517. For financing, Ziffy Mortgage’s DSCR program evaluates $2,364/mo property income against a $1,053/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36619, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,474 (100%) |
| Owner Occupied HU | 4,555 (70.4%) |
| Renter Occupied HU | 1,457 (22.5%) |
| Vacant Housing Units | 462 ( 7.1%) |
| Median Home Value | $234,569 |
| Average Home Value | $295,519 |
Housing Distribution
Address Breakdown
Residential
5,916
Single Family
5,501
Multi-Family
415
Businesses
677
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices