1313 Mims St SWBirminghamAL35211
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 1313 Mims St SW, Birmingham, AL, 35211 offers a 11.36% rental yield on a $157,900 purchase with $1,495/mo rent. Total monthly income registers $1,495/mo, and a $773/mo payment leaves $604/mo available for distribution. Annual cash flow reaches $7,243/yr on $52,344 to close, and return on cash invested stands at 33.75% in year one. Equity gained on principal adds $1,019/yr while 5% annual appreciation supports $43,625 over five years. Portfolio math shows five-year ROI at 176.37% and total cumulative return in cash at $92,318. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,495/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35211, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,583 (100%) |
| Owner Occupied HU | 4,867 (35.8%) |
| Renter Occupied HU | 6,218 (45.8%) |
| Vacant Housing Units | 2,498 (18.4%) |
| Median Home Value | $127,860 |
| Average Home Value | $225,345 |
Housing Distribution
Address Breakdown
Residential
12,074
Single Family
9,184
Multi-Family
2,890
Businesses
679
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Collins • Town Square Realty
Mls Name: GALMLS
Mls ID: #21437020