1521 Carraway BlvdBirminghamAL35234
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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 1521 Carraway Blvd, Birmingham, AL, 35234 generates $899/mo in rent and, after a $563/mo payment, leaves $250/mo in cash flow. Total monthly income is $899/mo, and annual cash flow is $2,997/yr on $38,123 invested. Return on cash invested sits at 27.77% in year one, and rental yield is 9.38% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 144.32% and total cumulative return in cash sums $55,017. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $899/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35234, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 812 (32.0%) |
| Renter Occupied HU | 1,164 (45.9%) |
| Vacant Housing Units | 560 (22.1%) |
| Median Home Value | $72,885 |
| Average Home Value | $165,877 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
1,976
Multi-Family
211
Businesses
221
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Listed by: Cassandra Churchill • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21425929