1052 Melody DrBirminghamAL35214
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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 1052 Melody Dr, Birmingham, AL, 35214 listed at $115,000 pairs $1,700/mo rent with a $563/mo payment to leave $1,051/mo cash flow. Total monthly income runs $1,700/mo, and annual cash flow reaches $12,609/yr on $38,123 cash to close. Return on cash invested measures 52.98% in year one, and rental yield registers 17.74% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 279.51% and total cumulative return in cash totals $106,557. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,700/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35214, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,272 (100%) |
| Owner Occupied HU | 4,940 (59.7%) |
| Renter Occupied HU | 2,416 (29.2%) |
| Vacant Housing Units | 916 (11.1%) |
| Median Home Value | $162,610 |
| Average Home Value | $211,189 |
Housing Distribution
Address Breakdown
Residential
7,960
Single Family
7,374
Multi-Family
586
Businesses
391
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Listed by: Yadira Ramon Herrera • Mainstay Brokerage LLC
Mls Name: GALMLS
Mls ID: #21436100