1830 29th Ave S APT 300HomewoodAL35209
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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 Homewood at 1830 29th Ave S APT 300, Homewood, AL, 35209 earns from $2,625/mo rent with a $2,203/mo payment. Total monthly income totals $2,625/mo. ROI tracks 17.05% on current figures, and rental yield reads 7% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 88.08% and total cumulative return in cash sums $131,394. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,625/mo property income instead of your personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
$440 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
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Listed by: Frank Wildman • ARC Realty Cahaba Heights
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418841
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.