11755 Old Shipyard Rd, Coden, AL, 36523 | 3.92% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,206/mo, and a $3,304/mo payment. Purchase price stands at $675,000, and rental yield measures 3.92% with $2,206/mo rent. Return on cash invested shows 11.39% in year one, and 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 56.41% and total cumulative return in cash records $125,271. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,206/mo property income covering a $3,304/mo payment rather than investor’s personal income.

Single Family

Built in 2000

0.61 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 36523, Coden, AL area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,458 (100%)
Owner Occupied HU	916 (62.8%)
Renter Occupied HU	250 (17.1%)
Vacant Housing Units	292 (20.0%)
Median Home Value	$291,216
Average Home Value	$294,566