216 Morning Sun DrBirminghamAL35242
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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 216 Morning Sun Dr, Birmingham, AL, 35242 uses $57,847 cash to close to unlock $9,889/yr annual cash flow and $824/mo monthly cash flow. Total monthly income runs $1,809/mo, and a $854/mo payment keeps the spread at $824/mo. Purchase price stands at $174,500, and rental yield measures 12.44% with $1,809/mo rent. Return on cash invested shows 37% in year one, and 5% annual appreciation builds toward $48,211 over five years. Five-year ROI reaches 193.89% and total cumulative return in cash records $112,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,809/mo property income covering a $854/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No 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: Amy Lawson • Mountain Brook Village
Mls Name: RealtySouth
Mls ID: #21442422