1309 Sumar RdBirminghamAL35213
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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 1309 Sumar Rd, Birmingham, AL, 35213 uses $113,340 cash to close to unlock $4,618/yr annual cash flow and $385/mo monthly cash flow. Total monthly income runs $2,573/mo, and a $1,673/mo payment keeps the spread at $385/mo. Purchase price stands at $341,900, and rental yield measures 9.03% with $2,573/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $94,461 over five years. Five-year ROI reaches 124.97% and total cumulative return in cash records $141,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,573/mo property income covering a $1,673/mo payment rather than investor’s personal income.
Single Family
Built in 1967
9,583 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: Richard Jacks • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417509
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.