2413 Ironwood LnBirminghamAL35216
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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 2413 Ironwood Ln, Birmingham, AL, 35216 uses $165,717 cash to close to unlock $12,721/yr annual cash flow and $1,060/mo monthly cash flow. Total monthly income runs $3,882/mo, and a $2,447/mo payment keeps the spread at $1,060/mo. Purchase price stands at $499,900, and rental yield measures 9.32% with $3,882/mo rent. Return on cash invested shows 27.59% in year one, and 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 143.31% and total cumulative return in cash records $237,492. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,882/mo property income covering a $2,447/mo payment rather than investor’s personal income.
Single Family
Built in 1990
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
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Listed by: Matthew Calhoun • RealtySouth-MB-Cahaba Rd
Mls Name: GALMLS
Mls ID: #21428345