3105 3rd St NEBirminghamAL35215
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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 3105 3rd St NE, Birmingham, AL, 35215 uses $63,814 cash to close to unlock $4,459/yr annual cash flow and $372/mo monthly cash flow. Total monthly income runs $1,458/mo, and a $942/mo payment keeps the spread at $372/mo. Purchase price stands at $192,500, and rental yield measures 9.09% with $1,458/mo rent. Return on cash invested shows 26.9% in year one, and 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 139.63% and total cumulative return in cash records $89,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,458/mo property income covering a $942/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Robert Vonkaenel • Premier Living Realty
Mls Name: GALMLS
Mls ID: #21430114