176 Redstone WayBirminghamAL35215
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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 176 Redstone Way, Birmingham, AL, 35215 priced at $248,900 pairs $1,030/mo rent with after a $1,218/mo payment. Total monthly income equals $1,030/mo. Return on cash invested is 14.17% in year one, and rental yield stands at 4.97% on a $248,900 basis. Equity gained on principal adds $1,606/yr, and 5% annual appreciation accumulates to $68,766 by year five. Five-year ROI measures 71.48% and total cumulative return in cash reaches $58,981. For financing, Ziffy Mortgage’s DSCR program evaluates $1,030/mo property income against a $1,218/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1967
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Shun Hunt • Fathom Realty AL LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420186
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.