1005 6th PlBirminghamAL35214
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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 1005 6th Pl, Birmingham, AL, 35214 uses $51,681 cash to close to unlock $4,405/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,247/mo, and a $763/mo payment keeps the spread at $367/mo. Purchase price stands at $155,900, and rental yield measures 9.6% with $1,247/mo rent. Return on cash invested shows 28.43% in year one, and 5% annual appreciation builds toward $43,072 over five years. Five-year ROI reaches 147.95% and total cumulative return in cash records $76,462. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,247/mo property income covering a $763/mo payment rather than investor’s personal income.
Single Family
Built in 1925
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35214, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,272 (100%) |
| Owner Occupied HU | 4,940 (59.7%) |
| Renter Occupied HU | 2,416 (29.2%) |
| Vacant Housing Units | 916 (11.1%) |
| Median Home Value | $162,610 |
| Average Home Value | $211,189 |
Housing Distribution
Address Breakdown
Residential
7,960
Single Family
7,374
Multi-Family
586
Businesses
391
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Listed by: Talitha Robinson-Russell • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21423237
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.