1003 Riverhaven Pl UNIT 1003BirminghamAL35244
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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 Birmingham at 1003 Riverhaven Pl UNIT 1003, Birmingham, AL, 35244 listed at $247,500 pairs $1,988/mo rent with a $1,211/mo payment to leave $591/mo cash flow. Total monthly income runs $1,988/mo, and annual cash flow reaches $7,096/yr on $82,046 cash to close. Return on cash invested measures 28.56% in year one, and rental yield registers 9.64% at a $247,500 basis. Equity gained on principal adds $1,597/yr, and annual property appreciation at 5% supports $68,380 by year five. Five-year ROI tracks 148.55% and total cumulative return in cash totals $121,877. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,988/mo property income relative to a $1,211/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Mike Brown • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398894
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.