1609 Creekside DrBirminghamAL35244
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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 1609 Creekside Dr, Birmingham, AL, 35244 with 5% annual appreciation on a $407,900 basis while $2,705/mo rent supports operations. Total monthly income totals $2,705/mo and a $1,996/mo payment preserves $259/mo for cash returns. Annual cash flow comes to $3,110/yr on $135,219 deployed, and return on cash invested reaches 22.21% in year one. Equity gained on principal adds $2,632/yr, and five-year appreciation sums $112,695 alongside rental yield of 7.96%. Five-year ROI measures 114.95% and total cumulative return in cash totals $155,436.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,705/mo property income versus a $1,996/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2008
6,098 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Jeanie Shea • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418960
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.