1047 Ivy Hills Cir #1047BirminghamAL35216
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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 1047 Ivy Hills Cir #1047, Birmingham, AL, 35216 listed at $208,750 pairs $1,729/mo rent with a $1,022/mo payment to leave $550/mo cash flow. Total monthly income runs $1,729/mo, and annual cash flow reaches $6,605/yr on $69,201 cash to close. Return on cash invested measures 29.45% in year one, and rental yield registers 9.94% at a $208,750 basis. Equity gained on principal adds $1,347/yr, and annual property appreciation at 5% supports $57,674 by year five. Five-year ROI tracks 153.36% and total cumulative return in cash totals $106,123. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,729/mo property income relative to a $1,022/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
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Listed by: John Hollingsworth • ARC Realty Business Center
Mls Name: GALMLS
Mls Provider:
Mls ID: #21389893
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.