244 Raleigh AveBirminghamAL35209
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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 244 Raleigh Ave, Birmingham, AL, 35209 at $370,000 posts ROI 22.35% with $250/mo cash flow from $2,630/mo rent. Total monthly income equals $2,630/mo, and annual cash flow records $2,998/yr on $122,655 to close. Return on cash invested measures 22.35% and rental yield reads 8.53% at the current $370,000. Equity gained on principal adds $2,388/yr, and 5% annual appreciation supports $102,224 by year five. Five-year ROI prints 116.26% and total cumulative return in cash totals $142,601.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,630/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
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Listed by: Krisalyn Crye • ARC Realty Mountain Brook
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417746
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.