208 North WayBirminghamAL35242
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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 Birmingham at 208 North Way, Birmingham, AL, 35242 with 5% annual appreciation on a $899,900 basis while $2,092/mo rent supports operations. 17% in year one. Equity gained on principal adds $5,807/yr, and five-year appreciation sums $248,626 alongside rental yield of 2.79%. Five-year ROI measures 34.04% and total cumulative return in cash totals $100,768. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,092/mo property income versus a $4,405/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
1.48 Acres lot
$N/A/sqft
$1,360 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Drew Taylor • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416210
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.