2804 32nd Way SWBirminghamAL35221
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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 2804 32nd Way SW, Birmingham, AL, 35221 offers a 9.64% rental yield on a $114,900 purchase with $923/mo rent. Total monthly income registers $923/mo, and a $562/mo payment leaves $275/mo available for distribution. Annual cash flow reaches $3,298/yr on $38,089 to close, and return on cash invested stands at 28.57% in year one. Equity gained on principal adds $741/yr while 5% annual appreciation supports $31,745 over five years. Portfolio math shows five-year ROI at 148.55% and total cumulative return in cash at $56,582. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $923/mo property income against a $562/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35221, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 1,115 (48.3%) |
| Renter Occupied HU | 645 (27.9%) |
| Vacant Housing Units | 548 (23.7%) |
| Median Home Value | $76,185 |
| Average Home Value | $226,626 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,795
Multi-Family
94
Businesses
91
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Listed by: Bryan Welch • REALTYNET
Mls Name: GALMLS
Mls Provider:
Mls ID: #21426827
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.