1228 8th AveMidfieldAL35228
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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 Midfield at 1228 8th Ave, Midfield, AL, 35228 uses $36,465 cash to close to unlock $2,332/yr annual cash flow and $194/mo monthly cash flow. Total monthly income runs $850/mo, and a $538/mo payment keeps the spread at $194/mo. Purchase price stands at $110,000, and rental yield measures 9.27% with $850/mo rent. Return on cash invested shows 26.3% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 136.93% and total cumulative return in cash records $49,932. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $850/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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Listed by: Jeff Dorough • Keller Williams Metro South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412789
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.