1140 Wharton AveBirminghamAL35217
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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 1140 Wharton Ave, Birmingham, AL, 35217 uses $54,698 cash to close to unlock $1,431/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,051/mo, and a $808/mo payment keeps the spread at $119/mo. Purchase price stands at $165,000, and rental yield measures 7.64% with $1,051/mo rent. Return on cash invested shows 22.53% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 116.23% and total cumulative return in cash records $63,575. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,051/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35217, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,910 (100%) |
| Owner Occupied HU | 2,400 (40.6%) |
| Renter Occupied HU | 2,508 (42.4%) |
| Vacant Housing Units | 1,002 (17.0%) |
| Median Home Value | $120,000 |
| Average Home Value | $230,202 |
Housing Distribution
Address Breakdown
Residential
5,368
Single Family
4,879
Multi-Family
489
Businesses
590
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Listed by: Cecilia Pintos Saldivia • eXp Realty, LLC Central
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416286
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.