2374 Old Gould RunBirminghamAL35244
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2374 Old Gould Run, Birmingham, AL, 35244 in Birmingham at $633,000 earns $3,720/mo in rent and nets $39/mo after the $2,846/mo payment, a 7.05% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $174,886 over five years. Ziffy Mortgage underwrites this on a 1.31 DSCR without U.S. credit history. With $5,830/yr in principal paydown, total projected return reaches $241,497.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 7.2% |
| Monthly Cash Flow | $39 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,720 |
| Total Monthly Debt Service | $3,429 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$1,300 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
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
Single Family
Built in 2025
N/A lot
$N/A/sqft
$1,300 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Forstman • Embridge Realty, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21392765
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.