2240 6th St NEBirminghamAL35215
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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 2240 6th St NE, Birmingham, AL, 35215 generates $921/mo in rent and, after a $563/mo payment, leaves $272/mo in cash flow. Total monthly income is $921/mo, and annual cash flow is $3,261/yr on $38,123 invested. Return on cash invested sits at 28.46% in year one, and rental yield is 9.61% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 148.03% and total cumulative return in cash sums $56,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $921/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Daniel Demers • Sell Your Home Services
Mls Name: GALMLS
Mls ID: #21432303