3010 Drag Strip LnCodenAL36523
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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 3010 Drag Strip Ln, Coden, AL, 36523 offers a 9.21% rental yield on a $374,394 purchase with $2,874/mo rent. Total monthly income registers $2,874/mo, and a $1,832/mo payment leaves $761/mo available for distribution. Annual cash flow reaches $9,134/yr on $124,112 to close, and return on cash invested stands at 27.27% in year one. Equity gained on principal adds $2,416/yr while 5% annual appreciation supports $103,438 over five years. Portfolio math shows five-year ROI at 141.62% and total cumulative return in cash at $175,769. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,874/mo property income against a $1,832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2008
1 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 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
66
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Listed by: Heather Mclemore • Better Homes & Gardens RE Platinum Properties
Mls Name: GCMLS
Mls Provider:
Mls ID: #7482549
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.