823 Coal Mine RdBoazAL35957
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 823 Coal Mine Rd, Boaz, AL, 35957 in Boaz worth study. Rental yield 3.16%. The 3.16% gross yield is below cash-flow benchmarks at $695,000, but 5% annual appreciation, adding $192,016 over five years, frames this as a capital growth position. Rent of $1,829/mo partially offsets the $3,125/mo payment. Ziffy Mortgage finances appreciation-play properties (0.59 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $127,156.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.2% | 6.2% |
| Monthly Cash Flow | $(2,094) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,829 |
| Total Monthly Debt Service | $3,646 |
| DSCR Ratio | 0.50x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35957, Boaz, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,939 (100%) |
| Owner Occupied HU | 4,244 (61.2%) |
| Renter Occupied HU | 2,249 (32.4%) |
| Vacant Housing Units | 446 ( 6.4%) |
| Median Home Value | $164,615 |
| Average Home Value | $229,480 |
Housing Distribution
Address Breakdown
Residential
6,455
Single Family
6,018
Multi-Family
437
Businesses
662
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
Single Family
Built in N/A
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35957, Boaz, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,939 (100%) |
| Owner Occupied HU | 4,244 (61.2%) |
| Renter Occupied HU | 2,249 (32.4%) |
| Vacant Housing Units | 446 ( 6.4%) |
| Median Home Value | $164,615 |
| Average Home Value | $229,480 |
Housing Distribution
Address Breakdown
Residential
6,455
Single Family
6,018
Multi-Family
437
Businesses
662
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cole Carver • Re/Max Guntersville
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21863063
Disclaimer: Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited. All information provided is deemed reliable but is not guaranteed and should be independently verified. Copyright 2024 Valley MLS