201 Fern StIrondaleAL35210
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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
Rental property for sale in Irondale at 201 Fern St, Irondale, AL, 35210 priced at $329,000 pairs $2,083/mo rent with $197/mo cash flow after a $1,610/mo payment. Total monthly income equals $2,083/mo, and annual cash flow comes to $2,363/yr on $109,064 invested. Return on cash invested is 22.08% in year one, and rental yield stands at 7.6% on a $329,000 basis. Equity gained on principal adds $2,123/yr, and 5% annual appreciation accumulates to $90,897 by year five. Five-year ROI measures 113.84% and total cumulative return in cash reaches $124,161. For financing, Ziffy Mortgage’s DSCR program evaluates $2,083/mo property income against a $1,610/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1956
8,276 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: Kent Jones • RE/MAX Realty Brokers
Mls Name: GALMLS
Mls Provider:
Mls ID: #21431303
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.