140 Grove 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 140 Grove Ave, Birmingham, AL, 35217 listed at $409,900 pairs $2,836/mo rent with a $2,006/mo payment to leave $523/mo cash flow. Total monthly income runs $2,836/mo, and annual cash flow reaches $6,271/yr on $135,882 cash to close. Return on cash invested measures 24.52% in year one, and rental yield registers 8.3% at a $409,900 basis. Equity gained on principal adds $2,645/yr, and annual property appreciation at 5% supports $113,248 by year five. Five-year ROI tracks 126.87% and total cumulative return in cash totals $172,396. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,836/mo property income relative to a $2,006/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
0.78 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Long • Cahaba Realty Group
Mls Name: GALMLS
Mls ID: #21425215