327 Heath Dr UNIT 327BirminghamAL35242
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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
Investment property for sale in Birmingham at 327 Heath Dr UNIT 327, Birmingham, AL, 35242 uses $84,499 cash to close to unlock $11,158/yr annual cash flow and $930/mo monthly cash flow. Total monthly income runs $2,369/mo, and a $1,248/mo payment keeps the spread at $930/mo. Purchase price stands at $254,900, and rental yield measures 11.15% with $2,369/mo rent. Return on cash invested shows 33.11% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 172.94% and total cumulative return in cash records $146,136. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,369/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A 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
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Listed by: Denise Hogan • Keller Williams Metro South
Mls Name: GALMLS
Mls ID: #21425292