3350 Altamont Rd S UNIT B-17BirminghamAL35205
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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 3350 Altamont Rd S UNIT B-17, Birmingham, AL, 35205 earns $435/mo cash flow from $1,228/mo rent with a $661/mo payment. Total monthly income totals $1,228/mo, and annual cash flow totals $5,226/yr on $44,753 capital. ROI tracks 31.59% on current figures, and rental yield reads 10.92% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 165.1% and total cumulative return in cash sums $73,885. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,228/mo property income instead of your personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35205, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,646 (100%) |
| Owner Occupied HU | 2,695 (23.1%) |
| Renter Occupied HU | 7,001 (60.1%) |
| Vacant Housing Units | 1,950 (16.7%) |
| Median Home Value | $365,353 |
| Average Home Value | $470,767 |
Housing Distribution
Address Breakdown
Residential
11,221
Single Family
5,821
Multi-Family
5,400
Businesses
803
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Listed by: Jennifer Grostick • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21398467
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.