1409 Sutherland PlHomewoodAL35209
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
Rental property for sale in Homewood at 1409 Sutherland Pl, Homewood, AL, 35209 generates $3,320/mo in rent, after a $4,647/mo payment. Total monthly income is $3,320/mo. Return on cash invested sits at 12.23% in year one, and rental yield is 4.2% on a $949,500 entry. Equity gained on principal adds $6,127/yr, while 5% annual appreciation builds toward $262,329 over five years. Five-year ROI reaches 60.89% and total cumulative return in cash sums $190,201. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,320/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices