15031 Dauphin Island PkwyCodenAL36523
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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
Investment Highlights
Investment property for sale in Coden at 15031 Dauphin Island Pkwy, Coden, AL, 36523 listed at $230,000 pairs $1,746/mo rent with a $1,126/mo payment to leave $448/mo cash flow. Total monthly income runs $1,746/mo, and annual cash flow reaches $5,370/yr on $76,245 cash to close. Return on cash invested measures 26.95% in year one, and rental yield registers 9.11% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 139.93% and total cumulative return in cash totals $106,687. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,746/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1964
8,864 sqft 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 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
66
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Listed by: Jeff Jones • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7619058
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.