1044 Glendale DrBirminghamAL35242
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1044 Glendale Dr, Birmingham, AL, 35242 in Birmingham is a conservative rental investment at $824,900. The 6.81% yield from $4,680/mo in rent nets $24/mo after the $3,709/mo debt. A 1.26 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $227,905; $7,597/yr in principal paydown supplements. Total projected return: $312,408.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 7.2% |
| Monthly Cash Flow | $24 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,680 |
| Total Monthly Debt Service | $4,328 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2021
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2021
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy Flippen • ARC Realty Mountain Brook
Mls Name: GALMLS
Mls ID: #21432446