2350 Montevallo Rd APT 1510BirminghamAL35223
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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 2350 Montevallo Rd APT 1510, Birmingham, AL, 35223 uses $200,361 cash to close to unlock $6,927/yr annual cash flow and $577/mo monthly cash flow. Total monthly income runs $4,015/mo, and a $2,981/mo payment keeps the spread at $577/mo. Purchase price stands at $609,000, and rental yield measures 7.91% with $4,015/mo rent. Return on cash invested shows 23.52% in year one, and 5% annual appreciation builds toward $168,255 over five years. Five-year ROI reaches 121.46% and total cumulative return in cash records $243,353. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,015/mo property income covering a $2,981/mo payment rather than investor’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35223, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,820 (100%) |
| Owner Occupied HU | 3,934 (81.6%) |
| Renter Occupied HU | 707 (14.7%) |
| Vacant Housing Units | 179 ( 3.7%) |
| Median Home Value | $722,762 |
| Average Home Value | $923,552 |
Housing Distribution
Address Breakdown
Residential
4,894
Single Family
4,346
Multi-Family
548
Businesses
689
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Listed by: Kathryn Harwell • RealtySouth-MB-Cahaba Rd
Mls Name: GALMLS
Mls ID: #21432743