324 Griffin Park TrceBirminghamAL35242
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 324 Griffin Park Trce, Birmingham, AL, 35242 uses $200,657 cash to close to unlock $5,323/yr annual cash flow and $444/mo monthly cash flow. Total monthly income runs $3,886/mo, and a $2,985/mo payment keeps the spread at $444/mo. Purchase price stands at $609,900, and rental yield measures 7.65% with $3,886/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $168,504 over five years. Five-year ROI reaches 117.13% and total cumulative return in cash records $235,020. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,886/mo property income covering a $2,985/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betsy Reamer • Ray & Poynor Properties
Mls Name: GALMLS
Mls ID: #21427097