3024 Dolly Ridge DrBirminghamAL35243
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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 3024 Dolly Ridge Dr, Birmingham, AL, 35243 earns $1,047/mo cash flow from $3,280/mo rent with a $1,936/mo payment. Total monthly income totals $3,280/mo, and annual cash flow totals $12,569/yr on $131,108 capital. ROI tracks 29.5% on current figures, and rental yield reads 9.95% at a $395,500 purchase. Equity gained on principal adds $2,552/yr, and 5% annual appreciation supports $109,269 over five years. Five-year ROI reaches 153.56% and total cumulative return in cash sums $201,331. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,280/mo property income instead of your personal income.
Single Family
Built in 1960
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
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Listed by: Jim Gardner • World Properties
Mls Name: GALMLS
Mls ID: #21437228