324 85th St NBirminghamAL35206
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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 324 85th St N, Birmingham, AL, 35206 generates $1,290/mo in rent and, after a $514/mo payment, leaves $697/mo in cash flow. Total monthly income is $1,290/mo, and annual cash flow is $8,367/yr on $34,808 invested. Return on cash invested sits at 43.95% in year one, and rental yield is 14.74% on a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 231.13% and total cumulative return in cash sums $80,450. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,290/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35206, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,370 (100%) |
| Owner Occupied HU | 3,160 (42.9%) |
| Renter Occupied HU | 2,907 (39.4%) |
| Vacant Housing Units | 1,303 (17.7%) |
| Median Home Value | $127,469 |
| Average Home Value | $252,864 |
Housing Distribution
Address Breakdown
Residential
6,878
Single Family
6,420
Multi-Family
458
Businesses
427
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Listed by: Trent Burks • RealtySouth-Inverness Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21397898
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.