1065 Inverness Cove WayBirminghamAL35242
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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 1065 Inverness Cove Way, Birmingham, AL, 35242 uses $119,307 cash to close to unlock $3,649/yr annual cash flow and $304/mo monthly cash flow. Total monthly income runs $2,336/mo, and a $1,762/mo payment keeps the spread at $304/mo. Purchase price stands at $359,900, and rental yield measures 7.79% with $2,336/mo rent. Return on cash invested shows 22.97% in year one, and 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 118.57% and total cumulative return in cash records $141,458. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,336/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Townhouse
Built in 2006
2,613 sqft 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
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Listed by: Jordan Hosey • Real Broker LLC
Mls Name: GALMLS
Mls ID: #21440138