2696 Altadena RdVestaviaAL35243
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
Rental property for sale in Vestavia at 2696 Altadena Rd, Vestavia, AL, 35243 generates $4,318/mo in rent and, after a $3,328/mo payment, leaves $362/mo in cash flow. Total monthly income is $4,318/mo, and annual cash flow is $4,339/yr on $223,720 invested. Return on cash invested sits at 22% in year one, and rental yield is 7.62% on a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation builds toward $187,871 over five years. Five-year ROI reaches 113.53% and total cumulative return in cash sums $253,992. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,318/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caroline Wilson • ARC Realty Cahaba Heights
Mls Name: GALMLS
Mls Provider:
Mls ID: #21415074
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.