1304 Elizabeth AveBirminghamAL35217
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
Investment property for sale in Birmingham at 1304 Elizabeth Ave, Birmingham, AL, 35217 offers a 10.92% rental yield on a $135,000 purchase with $1,229/mo rent. Total monthly income registers $1,229/mo, and a $661/mo payment leaves $467/mo available for distribution. Annual cash flow reaches $5,601/yr on $44,753 to close, and return on cash invested stands at 32.42% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 169.28% and total cumulative return in cash at $75,757. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,229/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
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: jessica pierce • Stokes & Co Realty
Mls Name: GALMLS
Mls ID: #21431907