2424 Burgundy 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 2424 Burgundy Dr, Birmingham, AL, 35244 uses $64,808 cash to close to unlock $5,440/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $1,557/mo, and a $957/mo payment keeps the spread at $453/mo. Purchase price stands at $195,500, and rental yield measures 9.56% with $1,557/mo rent. Return on cash invested shows 28.3% in year one, and 5% annual appreciation builds toward $54,013 over five years. Five-year ROI reaches 147.18% and total cumulative return in cash records $95,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,557/mo property income covering a $957/mo payment rather than investor’s personal income.
Single Family
Built in 1978
0.62 Acres lot
$N/A/sqft
No 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: Jennifer Brown • 1st Choice Properties LLC
Mls Name: GALMLS
Mls ID: #21439313