248 Allen 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 248 Allen Ave, Birmingham, AL, 35209 with 5% annual appreciation on a $362,000 basis while $2,293/mo rent supports operations. Total monthly income totals $2,293/mo and a $1,772/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,397/yr on $120,003 deployed, and return on cash invested reaches 21.91% in year one. Equity gained on principal adds $2,336/yr, and five-year appreciation sums $100,014 alongside rental yield of 7.6%. Five-year ROI measures 113.01% and total cumulative return in cash totals $135,613.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,293/mo property income versus a $1,772/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
9,583 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: Heather Flaherty • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398751
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.