118 Cherry StBirminghamAL35213
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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
Rental property for sale in Birmingham at 118 Cherry St, Birmingham, AL, 35213 priced at $874,500 pairs $4,096/mo rent with after a $4,280/mo payment. Total monthly income equals $4,096/mo. Return on cash invested is 14.75% in year one, and rental yield stands at 5.62% on a $874,500 basis. Equity gained on principal adds $5,643/yr, and 5% annual appreciation accumulates to $241,608 by year five. Five-year ROI measures 75.09% and total cumulative return in cash reaches $216,046. For financing, Ziffy Mortgage’s DSCR program evaluates $4,096/mo property income against a $4,280/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35213, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,571 (100%) |
| Owner Occupied HU | 4,263 (64.9%) |
| Renter Occupied HU | 2,001 (30.5%) |
| Vacant Housing Units | 307 ( 4.7%) |
| Median Home Value | $650,762 |
| Average Home Value | $795,174 |
Housing Distribution
Address Breakdown
Residential
6,523
Single Family
5,252
Multi-Family
1,271
Businesses
470
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Listed by: Kathy Harris • RealtySouth-MB-Cahaba Rd
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416910
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.