16 Green Springs Ave SBirminghamAL35205
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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 16 Green Springs Ave S, Birmingham, AL, 35205 priced at $192,800 pairs $1,903/mo rent with $717/mo cash flow after a $944/mo payment. Total monthly income equals $1,903/mo, and annual cash flow comes to $8,601/yr on $63,913 invested. Return on cash invested is 33.37% in year one, and rental yield stands at 11.84% on a $192,800 basis. Equity gained on principal adds $1,244/yr, and 5% annual appreciation accumulates to $53,267 by year five. Five-year ROI measures 174.99% and total cumulative return in cash reaches $111,843. For financing, Ziffy Mortgage’s DSCR program evaluates $1,903/mo property income against a $944/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35205, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,646 (100%) |
| Owner Occupied HU | 2,695 (23.1%) |
| Renter Occupied HU | 7,001 (60.1%) |
| Vacant Housing Units | 1,950 (16.7%) |
| Median Home Value | $365,353 |
| Average Home Value | $470,767 |
Housing Distribution
Address Breakdown
Residential
11,221
Single Family
5,821
Multi-Family
5,400
Businesses
803
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Listed by: Gabriel Henderson Beville • EXP Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21402252
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.