317 Trace Ridge RdHooverAL35244
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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 Hoover at 317 Trace Ridge Rd, Hoover, AL, 35244 priced at $633,000 pairs $5,822/mo rent with $2,060/mo cash flow after a $3,098/mo payment. Total monthly income equals $5,822/mo, and annual cash flow comes to $24,718/yr on $208,257 invested. Return on cash invested is 31.93% in year one, and rental yield stands at 11.04% on a $633,000 basis. Equity gained on principal adds $4,085/yr, and 5% annual appreciation accumulates to $174,886 by year five. Five-year ROI measures 166.94% and total cumulative return in cash reaches $347,668. For financing, Ziffy Mortgage’s DSCR program evaluates $5,822/mo property income against a $3,098/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.47 Acres lot
$N/A/sqft
$1,070 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Heather Goss • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21425458
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.