273 Narrows DrBirminghamAL35242
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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
Rental property for sale in Birmingham at 273 Narrows Dr, Birmingham, AL, 35242 priced at $322,900 converts $2,280/mo rent into $328/mo cash flow after a $1,580/mo obligation. Total monthly income equals $2,280/mo, and annual cash flow totals $3,938/yr on $107,041 invested. Return on cash invested prints 23.59% in year one, and rental yield reads 8.47% against a $322,900 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation compiles into $89,211 by year five. Five-year ROI reaches 122.41% and total cumulative return in cash sums $131,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,280/mo property income covering a $1,580/mo payment, not borrower’s personal income.
Single Family
Built in 2003
4,835 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Marcia Thompson • ARC Realty 280
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398303
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.