3107 3rd Way 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 3107 3rd Way NE, Birmingham, AL, 35215 listed at $197,000 pairs $1,813/mo rent with a $964/mo payment to leave $701/mo cash flow. Total monthly income runs $1,813/mo, and annual cash flow reaches $8,415/yr on $65,306 cash to close. Return on cash invested measures 32.79% in year one, and rental yield registers 11.04% at a $197,000 basis. Equity gained on principal adds $1,271/yr, and annual property appreciation at 5% supports $54,427 by year five. Five-year ROI tracks 171.26% and total cumulative return in cash totals $111,842. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,813/mo property income relative to a $964/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
0.35 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: LaKeysia Wallace • EXIT MelRose Realty
Mls Name: GALMLS
Mls ID: #21441201