1812 3rd Ave SIrondaleAL35210
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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 Irondale at 1812 3rd Ave S, Irondale, AL, 35210 uses $91,163 cash to close to unlock $1,701/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,694/mo, and a $1,346/mo payment keeps the spread at $142/mo. Purchase price stands at $275,000, and rental yield measures 7.39% with $1,694/mo rent. Return on cash invested shows 21.77% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 112.14% and total cumulative return in cash records $102,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,694/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35210, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,882 (100%) |
| Owner Occupied HU | 4,514 (65.6%) |
| Renter Occupied HU | 1,797 (26.1%) |
| Vacant Housing Units | 571 ( 8.3%) |
| Median Home Value | $311,367 |
| Average Home Value | $340,387 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
5,867
Multi-Family
977
Businesses
1,078
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Listed by: Meagan Phillips • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416327
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.