3024 Mulga Loop RdBirminghamAL35224
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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 Mulga Loop Rd, Birmingham, AL, 35224 listed at $240,000 pairs $2,104/mo rent with a $1,175/mo payment to leave $749/mo cash flow. Total monthly income runs $2,104/mo, and annual cash flow reaches $8,988/yr on $79,560 cash to close. Return on cash invested measures 31.21% in year one, and rental yield registers 10.52% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 162.7% and total cumulative return in cash totals $129,446. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,104/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Alexia Mccall • eXp Realty, LLC Central
Mls Name: GALMLS
Mls ID: #21436853