3101 Lorna Rd UNIT 123Vestavia HillsAL35216
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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 Vestavia Hills at 3101 Lorna Rd UNIT 123, Vestavia Hills, AL, 35216 earns $269/mo cash flow from $1,059/mo rent with a $685/mo payment. Total monthly income totals $1,059/mo, and annual cash flow totals $3,229/yr on $46,377 capital. ROI tracks 26.87% on current figures, and rental yield reads 9.08% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 139.55% and total cumulative return in cash sums $64,719. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,059/mo property income instead of your personal income.
Condo
Built in 1969
N/A 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: Linda Burns • Keller Williams
Mls Name: GALMLS
Mls ID: #21436138