302 Old Rocky Ridge LnBirminghamAL35216
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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 302 Old Rocky Ridge Ln, Birmingham, AL, 35216 with 5% annual appreciation on a $170,000 basis while $1,292/mo rent supports operations. Total monthly income totals $1,292/mo and a $832/mo payment preserves $320/mo for cash returns. Annual cash flow comes to $3,839/yr on $56,355 deployed, and return on cash invested reaches 26.72% in year one. Equity gained on principal adds $1,097/yr, and five-year appreciation sums $46,968 alongside rental yield of 9.12%. Five-year ROI measures 138.74% and total cumulative return in cash totals $78,189.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,292/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 1979
2,613 sqft 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: Shannon Colby • Keller Williams Metro South
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417123
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.