1050 Ivy Hills Cir #1050BirminghamAL35216
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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 1050 Ivy Hills Cir #1050, Birmingham, AL, 35216 uses $48,068 cash to close to unlock $3,447/yr annual cash flow and $287/mo monthly cash flow. Total monthly income runs $1,106/mo, and a $710/mo payment keeps the spread at $287/mo. Purchase price stands at $145,000, and rental yield measures 9.15% with $1,106/mo rent. Return on cash invested shows 27.08% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 140.67% and total cumulative return in cash records $67,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,106/mo property income covering a $710/mo payment rather than investor’s personal income.
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: Whitney Phillips • ARC Realty - Hoover
Mls Name: GALMLS
Mls ID: #21439615