3009 Spencer WayHooverAL35226
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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 Hoover at 3009 Spencer Way, Hoover, AL, 35226 at $505,000 posts ROI 22.33% with $314/mo cash flow from $3,281/mo rent. Total monthly income equals $3,281/mo, and annual cash flow records $3,765/yr on $166,145 to close. Return on cash invested measures 22.33% and rental yield reads 7.8% at the current $505,000. Equity gained on principal adds $3,259/yr, and 5% annual appreciation supports $139,522 by year five. Five-year ROI prints 115.36% and total cumulative return in cash totals $191,670.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,281/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
7,840 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
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Listed by: Kerri Culotta • RealtySouth-MB-Cahaba Rd
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399952
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.