2309 Eufaula AveBirminghamAL35208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2309 Eufaula Ave, Birmingham, AL, 35208 offers $906/mo rent that, after a $563/mo payment, leaves $257/mo cash flow. Total monthly income is $906/mo, and annual cash flow is $3,081/yr on $38,123 cash. Return on cash invested measures 27.99% in year one, and rental yield stands at 9.45% at a $115,000 entry. Equity gained on principal adds $742/yr while 5% annual appreciation compounds into $31,772 by year five. Five-year ROI records 145.51% and total cumulative return in cash reaches $55,473. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $906/mo property income versus a $563/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35208, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 2,766 (40.7%) |
| Renter Occupied HU | 2,770 (40.7%) |
| Vacant Housing Units | 1,267 (18.6%) |
| Median Home Value | $88,646 |
| Average Home Value | $199,797 |
Housing Distribution
Address Breakdown
Residential
5,760
Single Family
5,555
Multi-Family
205
Businesses
459
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Listed by: Amanda Dabbs • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls Provider:
Mls ID: #21404383
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.