249 Griffin Park TrceBirminghamAL35242
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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
Rental property for sale in Birmingham at 249 Griffin Park Trce, Birmingham, AL, 35242 offers $3,848/mo rent that, after a $2,741/mo payment, leaves $687/mo cash flow. Total monthly income is $3,848/mo, and annual cash flow is $8,244/yr on $184,240 cash. Return on cash invested measures 24.53% in year one, and rental yield stands at 8.25% at a $560,000 entry. Equity gained on principal adds $3,614/yr while 5% annual appreciation compounds into $154,718 by year five. Five-year ROI records 126.89% and total cumulative return in cash reaches $233,777. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,848/mo property income versus a $2,741/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Maddie Roberts • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21426006