1113 Broad StBirminghamAL35224
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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 1113 Broad St, Birmingham, AL, 35224 at $112,000 posts ROI 31.29% with $352/mo cash flow from $984/mo rent. Total monthly income equals $984/mo, and annual cash flow records $4,224/yr on $37,128 to close. Return on cash invested measures 31.29% and rental yield reads 10.54% at the current $112,000. Equity gained on principal adds $723/yr, and 5% annual appreciation supports $30,944 by year five. Five-year ROI prints 163.1% and total cumulative return in cash totals $60,555.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $984/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Linda Holcombe • Keller Williams Metro North
Mls Name: GALMLS
Mls Provider:
Mls ID: #21397433
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.