7511 Highway 188CodenAL36523
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7511 Highway 188, Coden, AL, 36523 offers a 10.56% rental yield on a $163,000 purchase with $1,434/mo rent. Total monthly income registers $1,434/mo, and a $798/mo payment leaves $463/mo available for distribution. Annual cash flow reaches $5,552/yr on $54,035 to close, and return on cash invested stands at 30.18% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,034 over five years. Portfolio math shows five-year ROI at 157.67% and total cumulative return in cash at $85,195. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,434/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.72 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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