12284 Boulet Dr, Coden, AL, 36523 | 4.38% Rental Yield

For Sale

Ziffy Mortgage

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

Investment property for sale in Coden at 12284 Boulet Dr, Coden, AL, 36523 offers a 4.38% rental yield on a $495,000 purchase with $1,805/mo rent. 67% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 63.33% and total cumulative return in cash at $103,918. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,805/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

0.59 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