2516 29th St WBirminghamAL35208
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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 2516 29th St W, Birmingham, AL, 35208 listed at $125,000 pairs $946/mo rent with a $612/mo payment to leave $240/mo cash flow. Total monthly income runs $946/mo, and annual cash flow reaches $2,883/yr on $41,438 cash to close. Return on cash invested measures 26.87% in year one, and rental yield registers 9.08% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 139.54% and total cumulative return in cash totals $57,821. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $946/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35208, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 2,766 (40.7%) |
| Renter Occupied HU | 2,770 (40.7%) |
| Vacant Housing Units | 1,267 (18.6%) |
| Median Home Value | $88,646 |
| Average Home Value | $199,797 |
Housing Distribution
Address Breakdown
Residential
5,760
Single Family
5,555
Multi-Family
205
Businesses
459
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Listed by: George Huertas • eXp Realty, LLC Central
Mls Name: GALMLS
Mls ID: #21434638