1444 31st StBirminghamAL35218
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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 1444 31st St, Birmingham, AL, 35218 uses $34,774 cash to close to unlock $2,416/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $793/mo, and a $513/mo payment keeps the spread at $201/mo. Purchase price stands at $104,900, and rental yield measures 9.07% with $793/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 139.47% and total cumulative return in cash records $48,498. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $793/mo property income covering a $513/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35218, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,482 (100%) |
| Owner Occupied HU | 1,051 (30.2%) |
| Renter Occupied HU | 1,688 (48.5%) |
| Vacant Housing Units | 743 (21.3%) |
| Median Home Value | $82,102 |
| Average Home Value | $183,977 |
Housing Distribution
Address Breakdown
Residential
2,931
Single Family
2,750
Multi-Family
181
Businesses
293
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Listed by: Stephanie Moore • RE/MAX Marketplace
Mls Name: GALMLS
Mls ID: #21425483