12 Norwood CirBirminghamAL35234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 12 Norwood Cir, Birmingham, AL, 35234 priced at $229,000 converts $1,980/mo rent into $687/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,980/mo, and annual cash flow totals $8,247/yr on $75,914 invested. Return on cash invested prints 30.77% in year one, and rental yield reads 10.38% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 160.42% and total cumulative return in cash sums $121,781. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,980/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1948
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35234, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 812 (32.0%) |
| Renter Occupied HU | 1,164 (45.9%) |
| Vacant Housing Units | 560 (22.1%) |
| Median Home Value | $72,885 |
| Average Home Value | $165,877 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
1,976
Multi-Family
211
Businesses
221
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Listed by: Christian Kelly • ARC Realty Vestavia
Mls Name: GALMLS
Mls ID: #21442032