1008 Springhill LnBirminghamAL35242
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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 1008 Springhill Ln, Birmingham, AL, 35242 earns from $3,467/mo rent with a $7,342/mo payment. Total monthly income totals $3,467/mo. ROI tracks 8.02% on current figures, and rental yield reads 2.77% at a $1,500,000 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,422 over five years. Five-year ROI reaches 38.27% and total cumulative return in cash sums $186,011. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,467/mo property income instead of your personal income.
Single Family
Built in 1990
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Josh Vernon • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21440039