1915 2nd Ave NIrondaleAL35210
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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
Total monthly income runs $1,214/mo, and a $1,223/mo payment. Purchase price stands at $249,900, and rental yield measures 5.83% with $1,214/mo rent. Return on cash invested shows 15.57% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 79.41% and total cumulative return in cash records $65,786. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,214/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1920
7,405 sqft 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: Bradley Franklin • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416589
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.