1906 Laurel Rd #C-1BirminghamAL35216
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 1906 Laurel Rd #C-1, Birmingham, AL, 35216 uses $62,819 cash to close to unlock $9,886/yr annual cash flow and $824/mo monthly cash flow. Total monthly income runs $1,894/mo, and a $928/mo payment keeps the spread at $824/mo. Purchase price stands at $189,500, and rental yield measures 11.99% with $1,894/mo rent. Return on cash invested shows 35.65% in year one, and 5% annual appreciation builds toward $52,355 over five years. Five-year ROI reaches 186.52% and total cumulative return in cash records $117,167. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,894/mo property income covering a $928/mo payment rather than investor’s personal income.
Condo
Built in 1959
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Annette Carra • Platinum Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416832
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.