1663 Creekstone CtBirminghamAL35243
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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 1663 Creekstone Ct, Birmingham, AL, 35243 offers a 8.86% rental yield on a $482,500 purchase with $3,562/mo rent. Total monthly income registers $3,562/mo, and a $2,362/mo payment leaves $688/mo available for distribution. Annual cash flow reaches $8,258/yr on $159,949 to close, and return on cash invested stands at 25.07% in year one. Equity gained on principal adds $3,114/yr while 5% annual appreciation supports $133,306 over five years. Portfolio math shows five-year ROI at 130.24% and total cumulative return in cash at $208,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,562/mo property income against a $2,362/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.48 Acres lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
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Listed by: Liz Phillips-Guest • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls Provider:
Mls ID: #21397284
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.