1614 29th St NBirminghamAL35234
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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 1614 29th St N, Birmingham, AL, 35234 offers a 9.87% rental yield on a $226,300 purchase with $1,861/mo rent. Total monthly income registers $1,861/mo, and a $1,108/mo payment leaves $561/mo available for distribution. Annual cash flow reaches $6,728/yr on $75,018 to close, and return on cash invested stands at 28.88% in year one. Equity gained on principal adds $1,460/yr while 5% annual appreciation supports $62,523 over five years. Portfolio math shows five-year ROI at 150.38% and total cumulative return in cash at $112,809. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
9,147 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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