3311 Bonds 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 3311 Bonds Ave, Birmingham, AL, 35224 uses $44,421 cash to close to unlock $3,030/yr annual cash flow and $253/mo monthly cash flow. Total monthly income runs $1,009/mo, and a $656/mo payment keeps the spread at $253/mo. Purchase price stands at $134,000, and rental yield measures 9.04% with $1,009/mo rent. Return on cash invested shows 26.73% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 138.77% and total cumulative return in cash records $61,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,009/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1977
0.42 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: #21435413