1014 3rd StBirminghamAL35214
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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 1014 3rd St, Birmingham, AL, 35214 uses $33,150 cash to close to unlock $2,472/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $770/mo, and a $489/mo payment keeps the spread at $206/mo. Purchase price stands at $100,000, and rental yield measures 9.24% with $770/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 142.13% and total cumulative return in cash records $47,116. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $770/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1955
3,484 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: Alex McCain • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls ID: #21433904