2584 Crossgate PlVestavia HillsAL35216
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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 Vestavia Hills at 2584 Crossgate Pl, Vestavia Hills, AL, 35216 uses $148,844 cash to close to unlock $1,131/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $2,791/mo, and a $2,198/mo payment keeps the spread at $94/mo. Purchase price stands at $449,000, and rental yield measures 7.46% with $2,791/mo rent. Return on cash invested shows 20.67% in year one, and 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 106.7% and total cumulative return in cash records $158,812. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,791/mo property income covering a $2,198/mo payment rather than investor’s personal income.
Single Family
Built in 1987
6,534 sqft lot
$N/A/sqft
$100 quarterly 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
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Listed by: Angel Torres • ARC Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421818
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.