1009 Althea LnBirminghamAL35235
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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
Rental property for sale in Birmingham at 1009 Althea Ln, Birmingham, AL, 35235 priced at $139,000 converts $1,076/mo rent into $199/mo cash flow after a $680/mo obligation. Total monthly income equals $1,076/mo, and annual cash flow totals $2,383/yr on $46,079 invested. Return on cash invested prints 25.08% in year one, and rental yield reads 9.29% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 130.8% and total cumulative return in cash sums $60,272. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,076/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1962
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35235, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,834 (100%) |
| Owner Occupied HU | 5,097 (57.7%) |
| Renter Occupied HU | 2,992 (33.9%) |
| Vacant Housing Units | 745 ( 8.4%) |
| Median Home Value | $191,405 |
| Average Home Value | $260,508 |
Housing Distribution
Address Breakdown
Residential
8,419
Single Family
7,608
Multi-Family
811
Businesses
711
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Listed by: April Quicksey • Hart Seil Management Service,
Mls Name: GALMLS
Mls Provider:
Mls ID: #21404510
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.