2355 Ridgemont DrBirminghamAL35244
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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 2355 Ridgemont Dr, Birmingham, AL, 35244 uses $89,174 cash to close to unlock $4,473/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,317/mo payment keeps the spread at $373/mo. Purchase price stands at $269,000, and rental yield measures 8.63% with $1,934/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 129.24% and total cumulative return in cash records $115,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 2005
N/A lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Connie Jacks • Real Broker LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412138
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.