2829 Georgetown Dr APT FVestavia HillsAL35216
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 Hills at 2829 Georgetown Dr APT F, Vestavia Hills, AL, 35216 priced at $115,000 pairs $1,075/mo rent with $417/mo cash flow after a $563/mo payment. Total monthly income equals $1,075/mo, and annual cash flow comes to $5,007/yr on $38,123 invested. Return on cash invested is 33.04% in year one, and rental yield stands at 11.22% on a $115,000 basis. Equity gained on principal adds $742/yr, and 5% annual appreciation accumulates to $31,772 by year five. Five-year ROI measures 172.8% and total cumulative return in cash reaches $65,877. For financing, Ziffy Mortgage’s DSCR program evaluates $1,075/mo property income against a $563/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arthur Bice • Art Bice Realty, Inc.
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398013
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.