3241 Central AveBirminghamAL35224
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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 3241 Central Ave, Birmingham, AL, 35224 priced at $100,000 converts $758/mo rent into $165/mo cash flow after a $489/mo obligation. Total monthly income equals $758/mo, and annual cash flow totals $1,980/yr on $33,150 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.1% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 134.53% and total cumulative return in cash sums $44,596. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $758/mo property income covering a $489/mo payment, not borrower’s personal income.
Single Family
Built in 1952
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Nikkia Dollar • Keller Williams Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21876068
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