216 Fern StBirminghamAL35210
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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 Birmingham at 216 Fern St, Birmingham, AL, 35210 generates $1,983/mo in rent and, after a $1,463/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,983/mo, and annual cash flow is $3,549/yr on $99,119 invested. Return on cash invested sits at 23.49% in year one, and rental yield is 7.96% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 121.33% and total cumulative return in cash sums $120,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,983/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35210, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,882 (100%) |
| Owner Occupied HU | 4,514 (65.6%) |
| Renter Occupied HU | 1,797 (26.1%) |
| Vacant Housing Units | 571 ( 8.3%) |
| Median Home Value | $311,367 |
| Average Home Value | $340,387 |
Housing Distribution
Address Breakdown
Residential
6,844
Single Family
5,867
Multi-Family
977
Businesses
1,078
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Listed by: Jane Huston Crommelin • Ray & Poynor Properties
Mls Name: GALMLS
Mls ID: #21440174