2111 Baneberry DrHooverAL35244
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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 2111 Baneberry Dr, Hoover, AL, 35244 with 5% annual appreciation on a $599,000 basis while $3,641/mo rent supports operations. Total monthly income totals $3,641/mo and a $2,932/mo payment preserves $175/mo for cash returns. Annual cash flow comes to $2,102/yr on $197,071 deployed, and return on cash invested reaches 21.13% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 7.29%. Five-year ROI measures 108.82% and total cumulative return in cash totals $214,450.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,641/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
0.42 Acres lot
$N/A/sqft
$308 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: Tracy Hood • Amerisell Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21411767
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.