8280 Highway 188CodenAL36523
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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 8280 Highway 188, Coden, AL, 36523 earns $795/mo cash flow from $1,585/mo rent with a $685/mo payment. Total monthly income totals $1,585/mo, and annual cash flow totals $9,540/yr on $46,410 capital. ROI tracks 40.46% on current figures, and rental yield reads 13.59% at a $140,000 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,679 over five years. Five-year ROI reaches 212.33% and total cumulative return in cash sums $98,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,585/mo property income instead of your personal income.
Single Family
Built in 1938
1.51 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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