3011 Massey Rd APT EBirminghamAL35216
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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 3011 Massey Rd APT E, Birmingham, AL, 35216 uses $51,349 cash to close to unlock $4,030/yr annual cash flow and $336/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $758/mo payment keeps the spread at $336/mo. Purchase price stands at $154,900, and rental yield measures 9.37% with $1,210/mo rent. Return on cash invested shows 27.76% in year one, and 5% annual appreciation builds toward $42,796 over five years. Five-year ROI reaches 144.23% and total cumulative return in cash records $74,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $758/mo payment rather than investor’s personal income.
Condo
Built in 1968
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
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Listed by: Marcus Kennedy • ARC Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21423099
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.