1047 Riverchase CvHooverAL35244
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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 Hoover at 1047 Riverchase Cv, Hoover, AL, 35244 generates $2,837/mo in rent and, after a $2,035/mo payment, leaves $469/mo in cash flow. Total monthly income is $2,837/mo, and annual cash flow is $5,632/yr on $137,838 invested. Return on cash invested sits at 23.99% in year one, and rental yield is 8.19% on a $415,800 entry. Equity gained on principal adds $2,683/yr, while 5% annual appreciation builds toward $114,878 over five years. Five-year ROI reaches 124.12% and total cumulative return in cash sums $171,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,837/mo property income rather than buyer’s personal income.
Single Family
Built in 1996
0.25 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Mike Wald • RealtySouth-OTM-Acton Rd
Mls Name: GALMLS
Mls Provider:
Mls ID: #21432483
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