3290 Pike 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
Investment property for sale in Birmingham at 3290 Pike Ave, Birmingham, AL, 35224 earns $239/mo cash flow from $893/mo rent with a $567/mo payment. Total monthly income totals $893/mo, and annual cash flow totals $2,869/yr on $38,421 capital. ROI tracks 27.38% on current figures, and rental yield reads 9.25% at a $115,900 purchase. Equity gained on principal adds $748/yr, and 5% annual appreciation supports $32,021 over five years. Five-year ROI reaches 142.31% and total cumulative return in cash sums $54,676. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $893/mo property income instead of your personal income.
Single Family
Built in 1957
0.35 Acres 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: Ben Davis • Spartan Realty LLC
Mls Name: GALMLS
Mls ID: #21423977