204 Nolia StMidfieldAL35228
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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 Midfield at 204 Nolia St, Midfield, AL, 35228 priced at $154,900 converts $1,216/mo rent into $342/mo cash flow after a $758/mo obligation. Total monthly income equals $1,216/mo, and annual cash flow totals $4,102/yr on $51,349 invested. Return on cash invested prints 27.9% in year one, and rental yield reads 9.42% against a $154,900 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,796 by year five. Five-year ROI reaches 144.98% and total cumulative return in cash sums $74,444. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,216/mo property income covering a $758/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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