313 Midwood AveBirminghamAL35228
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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 313 Midwood Ave, Birmingham, AL, 35228 priced at $117,500 pairs $1,405/mo rent with $648/mo cash flow after a $575/mo payment. Total monthly income equals $1,405/mo, and annual cash flow comes to $7,780/yr on $38,951 invested. Return on cash invested is 39.88% in year one, and rental yield stands at 14.35% on a $117,500 basis. Equity gained on principal adds $758/yr, and 5% annual appreciation accumulates to $32,463 by year five. Five-year ROI measures 210.36% and total cumulative return in cash reaches $81,938. For financing, Ziffy Mortgage’s DSCR program evaluates $1,405/mo property income against a $575/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1949
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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Listed by: N/A • N/A
Mls Name: RealtySouth
Mls Provider:
Mls ID: #21399821