1308 31st St NBirminghamAL35234
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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 1308 31st St N, Birmingham, AL, 35234 uses $44,753 cash to close to unlock $3,513/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $1,055/mo, and a $661/mo payment keeps the spread at $293/mo. Purchase price stands at $135,000, and rental yield measures 9.38% with $1,055/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 144.26% and total cumulative return in cash records $64,561. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,055/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1905
0.26 Acres 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: Shannon Malcom • EXIT Realty Birmingham
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414397
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.