2608 Gable CtBirminghamAL35215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2608 Gable Ct, Birmingham, AL, 35215 uses $81,881 cash to close to unlock $2,349/yr annual cash flow and $196/mo monthly cash flow. Total monthly income runs $1,590/mo, and a $1,209/mo payment keeps the spread at $196/mo. Purchase price stands at $247,000, and rental yield measures 7.72% with $1,590/mo rent. Return on cash invested shows 22.78% in year one, and 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 117.53% and total cumulative return in cash records $96,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,590/mo property income covering a $1,209/mo payment rather than investor’s personal income.
Single Family
Built in 1989
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Brown • Real Home Services and Solutions
Mls Name: WAMLS
Mls Provider:
Mls ID: #169858
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.