303 Heath Dr UNIT 303BirminghamAL35242
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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 303 Heath Dr UNIT 303, Birmingham, AL, 35242 earns $700/mo cash flow from $2,040/mo rent with a $1,162/mo payment. Total monthly income totals $2,040/mo, and annual cash flow totals $8,398/yr on $78,731 capital. ROI tracks 30.58% on current figures, and rental yield reads 10.31% at a $237,500 purchase. Equity gained on principal adds $1,533/yr, and 5% annual appreciation supports $65,617 over five years. Five-year ROI reaches 159.32% and total cumulative return in cash sums $125,433. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,040/mo property income instead of your personal income.
Condo
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Shelle Henderson • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416412
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.