1409 4th Pl NWBirminghamAL35215
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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
Rental property for sale in Birmingham at 1409 4th Pl NW, Birmingham, AL, 35215 generates $1,183/mo in rent, after a $1,101/mo payment. Total monthly income is $1,183/mo. Return on cash invested sits at 18.51% in year one, and rental yield is 6.31% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 94.69% and total cumulative return in cash sums $70,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,183/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Rosalind Skanes • B & B Realty Group
Mls Name: GALMLS
Mls ID: #21437817