2028 Progress StBirminghamAL35207
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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 Birmingham at 2028 Progress St, Birmingham, AL, 35207 generates $903/mo in rent and, after a $587/mo payment, leaves $226/mo in cash flow. Total monthly income is $903/mo, and annual cash flow is $2,712/yr on $39,780 invested. Return on cash invested sits at 26.73% in year one, and rental yield is 9.03% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 138.66% and total cumulative return in cash sums $55,159. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $903/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35207, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,908 (100%) |
| Owner Occupied HU | 1,624 (41.6%) |
| Renter Occupied HU | 1,601 (41.0%) |
| Vacant Housing Units | 683 (17.5%) |
| Median Home Value | $94,643 |
| Average Home Value | $167,882 |
Housing Distribution
Address Breakdown
Residential
3,228
Single Family
2,927
Multi-Family
301
Businesses
274
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Listed by: Susan Baldwin • EXIT Realty Cahaba
Mls Name: GALMLS
Mls ID: #21431219