1824 Stone RdBirminghamAL35228
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1824 Stone Rd, Birmingham, AL, 35228 with 5% annual appreciation on a $121,000 basis while $963/mo rent supports operations. Total monthly income totals $963/mo and a $592/mo payment preserves $280/mo for cash returns. Annual cash flow comes to $3,363/yr on $40,112 deployed, and return on cash invested reaches 28.29% in year one. Equity gained on principal adds $781/yr, and five-year appreciation sums $33,430 alongside rental yield of 9.55%. Five-year ROI measures 147.21% and total cumulative return in cash totals $59,049.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $963/mo property income versus a $592/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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Listed by: Lamar Lawrence • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls ID: #21416602