232 15th St SIrondaleAL35210
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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 Irondale at 232 15th St S, Irondale, AL, 35210 earns $407/mo cash flow from $1,433/mo rent with a $890/mo payment. Total monthly income totals $1,433/mo, and annual cash flow totals $4,880/yr on $60,267 capital. ROI tracks 28.01% on current figures, and rental yield reads 9.46% at a $181,800 purchase. Equity gained on principal adds $1,173/yr, and 5% annual appreciation supports $50,228 over five years. Five-year ROI reaches 145.56% and total cumulative return in cash sums $87,726. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,433/mo property income instead of your personal income.
Single Family
Built in 1952
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: Heather Flaherty • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419071
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.