1020 Minor DrBirminghamAL35224
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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 1020 Minor Dr, Birmingham, AL, 35224 generates $884/mo in rent and, after a $563/mo payment, leaves $235/mo in cash flow. Total monthly income is $884/mo, and annual cash flow is $2,817/yr on $38,123 invested. Return on cash invested sits at 27.3% in year one, and rental yield is 9.22% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 141.77% and total cumulative return in cash sums $54,045. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $884/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Matt Muncher • RE/MAX Northern Properties
Mls Name: GALMLS
Mls ID: #21438834