2424 Mallard Dr #2424BirminghamAL35216
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
Investment Highlights
Investment property for sale in Birmingham at 2424 Mallard Dr #2424, Birmingham, AL, 35216 listed at $109,900 pairs $1,402/mo rent with a $538/mo payment to leave $782/mo cash flow. Total monthly income runs $1,402/mo, and annual cash flow reaches $9,379/yr on $36,432 cash to close. Return on cash invested measures 45.65% in year one, and rental yield registers 15.31% at a $109,900 basis. Equity gained on principal adds $709/yr, and annual property appreciation at 5% supports $30,363 by year five. Five-year ROI tracks 240.23% and total cumulative return in cash totals $87,520. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,402/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tahira Khadair • New Image Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420021
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.