3045 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 3045 Drag Strip Ln, Coden, AL, 36523 earns $995/mo cash flow from $4,663/mo rent with a $3,181/mo payment. Total monthly income totals $4,663/mo, and annual cash flow totals $11,934/yr on $213,850 capital. ROI tracks 25.64% on current figures, and rental yield reads 8.61% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 132.83% and total cumulative return in cash sums $284,054. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,663/mo property income instead of your personal income.
Single Family
Built in 2007
5.20 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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