3128 Steiner Ave SWBirminghamAL35221
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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 3128 Steiner Ave SW, Birmingham, AL, 35221 offers $1,008/mo rent that, after a $631/mo payment, leaves $226/mo cash flow. Total monthly income is $1,008/mo, and annual cash flow is $2,713/yr on $42,764 cash. Return on cash invested measures 26.25% in year one, and rental yield stands at 9.38% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 136.83% and total cumulative return in cash reaches $58,513. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,008/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35221, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,308 (100%) |
| Owner Occupied HU | 1,115 (48.3%) |
| Renter Occupied HU | 645 (27.9%) |
| Vacant Housing Units | 548 (23.7%) |
| Median Home Value | $76,185 |
| Average Home Value | $226,626 |
Housing Distribution
Address Breakdown
Residential
1,889
Single Family
1,795
Multi-Family
94
Businesses
91
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Listed by: Ben Hedden • Bham Realty, LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21399001
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.