3007 Old Stone 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
Investment property for sale in Birmingham at 3007 Old Stone Dr, Birmingham, AL, 35242 offers a 9.81% rental yield on a $272,000 purchase with $2,224/mo rent. Total monthly income registers $2,224/mo, and a $1,331/mo payment leaves $672/mo available for distribution. Annual cash flow reaches $8,068/yr on $90,168 to close, and return on cash invested stands at 28.86% in year one. Equity gained on principal adds $1,755/yr while 5% annual appreciation supports $75,149 over five years. Portfolio math shows five-year ROI at 150.22% and total cumulative return in cash at $135,449. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,224/mo property income against a $1,331/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1979
8,712 sqft lot
$N/A/sqft
$200 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: Donna Wiggin • Lokation Real Estate LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422734
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.