2069 Highland Gate WayHooverAL35244
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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 2069 Highland Gate Way, Hoover, AL, 35244 at $1,278,000 posts ROI 18.03% with from $6,565/mo rent. Total monthly income equals $6,565/mo. Return on cash invested measures 18.03% and rental yield reads 6.16% at the current $1,278,000. Equity gained on principal adds $8,247/yr, and 5% annual appreciation supports $353,088 by year five. Five-year ROI prints 92.1% and total cumulative return in cash totals $381,380. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $6,565/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2019
1.28 Acres lot
$N/A/sqft
$1,300 annually 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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Listed by: Mary Bell • LAH Sotheby's International Realty Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21411676
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.