1010 7th AveMidfieldAL35228
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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 Midfield at 1010 7th Ave, Midfield, AL, 35228 uses $34,808 cash to close to unlock $2,679/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $816/mo, and a $514/mo payment keeps the spread at $223/mo. Purchase price stands at $105,000, and rental yield measures 9.33% with $816/mo rent. Return on cash invested shows 27.61% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 143.53% and total cumulative return in cash records $49,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $816/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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