2061 Montreat Cir APT CVestavia HillsAL35216
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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 Vestavia Hills at 2061 Montreat Cir APT C, Vestavia Hills, AL, 35216 priced at $150,000 pairs $1,179/mo rent with $333/mo cash flow after a $734/mo payment. Total monthly income equals $1,179/mo, and annual cash flow comes to $3,990/yr on $49,725 invested. Return on cash invested is 27.93% in year one, and rental yield stands at 9.43% on a $150,000 basis. Equity gained on principal adds $968/yr, and 5% annual appreciation accumulates to $41,442 by year five. Five-year ROI measures 145.19% and total cumulative return in cash reaches $72,198. For financing, Ziffy Mortgage’s DSCR program evaluates $1,179/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1968
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
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Listed by: Christian Kelly • ARC Realty Vestavia
Mls Name: GALMLS
Mls ID: #21442207