951 Wendover RdMobileAL36608
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 951 Wendover Rd, Mobile, AL, 36608 uses $74,588 cash to close to unlock $6,651/yr annual cash flow and $554/mo monthly cash flow. Total monthly income runs $1,824/mo, and a $1,101/mo payment keeps the spread at $554/mo. Purchase price stands at $225,000, and rental yield measures 9.73% with $1,824/mo rent. Return on cash invested shows 28.83% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 149.99% and total cumulative return in cash records $111,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,824/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36608, Mobile, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,107 (100%) |
| Owner Occupied HU | 9,031 (52.8%) |
| Renter Occupied HU | 6,553 (38.3%) |
| Vacant Housing Units | 1,523 ( 8.9%) |
| Median Home Value | $280,914 |
| Average Home Value | $348,681 |
Housing Distribution
Address Breakdown
Residential
16,856
Single Family
12,088
Multi-Family
4,768
Businesses
1,543
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices