3108 Cobblestone DrBirminghamAL35215
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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 3108 Cobblestone Dr, Birmingham, AL, 35215 offers a 10.37% rental yield on a $199,999 purchase with $1,728/mo rent. Total monthly income registers $1,728/mo, and a $979/mo payment leaves $599/mo available for distribution. Annual cash flow reaches $7,188/yr on $66,300 to close, and return on cash invested stands at 30.75% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 160.25% and total cumulative return in cash at $106,244. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,728/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
10,018 sqft 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: Eric Watley • Dreamtree Realty
Mls Name: GALMLS
Mls ID: #21431697