4985 Morris Dr ECodenAL36523
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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 4985 Morris Dr E, Coden, AL, 36523 uses $74,588 cash to close to unlock $3,171/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,534/mo, and a $1,101/mo payment keeps the spread at $264/mo. Purchase price stands at $225,000, and rental yield measures 8.18% with $1,534/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash records $93,213. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,534/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1982
0.49 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: Brandy Johnson • Keller Williams Mobile
Mls Name: GCMLS
Mls Provider:
Mls ID: #7545304
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.