1604 Mountain Gap CirBirminghamAL35226
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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 1604 Mountain Gap Cir, Birmingham, AL, 35226 priced at $565,000 converts $3,832/mo rent into $535/mo cash flow after a $2,765/mo obligation. Total monthly income equals $3,832/mo, and annual cash flow totals $6,425/yr on $185,885 invested. Return on cash invested prints 23.52% in year one, and rental yield reads 8.14% against a $565,000 entry. Equity gained on principal adds $3,646/yr, while 5% annual appreciation compiles into $156,099 by year five. Five-year ROI reaches 121.7% and total cumulative return in cash sums $226,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,832/mo property income covering a $2,765/mo payment, not borrower’s personal income.
Single Family
Built in 1965
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
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Listed by: Jackson King • ERA King Real Estate Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399896
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.