310 83rd St NBirminghamAL35206
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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
Rental property for sale in Birmingham at 310 83rd St N, Birmingham, AL, 35206 generates $767/mo in rent and, after a $489/mo payment, leaves $203/mo in cash flow. Total monthly income is $767/mo, and annual cash flow is $2,436/yr on $33,150 invested. Return on cash invested sits at 27.26% in year one, and rental yield is 9.2% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 141.51% and total cumulative return in cash sums $46,912. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $767/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35206, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,370 (100%) |
| Owner Occupied HU | 3,160 (42.9%) |
| Renter Occupied HU | 2,907 (39.4%) |
| Vacant Housing Units | 1,303 (17.7%) |
| Median Home Value | $127,469 |
| Average Home Value | $252,864 |
Housing Distribution
Address Breakdown
Residential
6,878
Single Family
6,420
Multi-Family
458
Businesses
427
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Listed by: Ashleigh Timmerman • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls ID: #21435514