1473 Park AveBirminghamAL35217
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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 1473 Park Ave, Birmingham, AL, 35217 uses $39,084 cash to close to unlock $3,343/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $944/mo, and a $577/mo payment keeps the spread at $279/mo. Purchase price stands at $117,900, and rental yield measures 9.61% with $944/mo rent. Return on cash invested shows 28.46% in year one, and 5% annual appreciation builds toward $32,574 over five years. Five-year ROI reaches 148.04% and total cumulative return in cash records $57,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $944/mo property income covering a $577/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.48 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
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Listed by: Brandi Ard • Decas Group, Inc.
Mls Name: GALMLS
Mls ID: #21431253