2013 Cahaba CvHooverAL35244
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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 Hoover at 2013 Cahaba Cv, Hoover, AL, 35244 uses $186,543 cash to close to unlock $8,469/yr annual cash flow and $706/mo monthly cash flow. Total monthly income runs $3,906/mo, and a $2,775/mo payment keeps the spread at $706/mo. Purchase price stands at $567,000, and rental yield measures 8.27% with $3,906/mo rent. Return on cash invested shows 24.6% in year one, and 5% annual appreciation builds toward $156,652 over five years. Five-year ROI reaches 127.25% and total cumulative return in cash records $237,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,906/mo property income covering a $2,775/mo payment rather than investor’s personal income.
Single Family
Built in 2009
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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