2339 Freestone Ridge CvHooverAL35226
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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 Hoover at 2339 Freestone Ridge Cv, Hoover, AL, 35226 priced at $599,900 converts $4,007/mo rent into $432/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,007/mo, and annual cash flow totals $5,179/yr on $197,367 invested. Return on cash invested prints 22.68% in year one, and rental yield reads 8.02% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 117.39% and total cumulative return in cash sums $231,688. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,007/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 2006
7,840 sqft lot
$N/A/sqft
$1,200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
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Listed by: John Waddy • RE/MAX Preferred
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417545
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.