2709 9th St NEBirminghamAL35215
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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 2709 9th St NE, Birmingham, AL, 35215 uses $41,438 cash to close to unlock $3,291/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $980/mo, and a $612/mo payment keeps the spread at $274/mo. Purchase price stands at $125,000, and rental yield measures 9.41% with $980/mo rent. Return on cash invested shows 27.85% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 144.84% and total cumulative return in cash records $60,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $980/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.35 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
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Listed by: Angie Reeder • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21436496