3361 Trip RunBirminghamAL35244
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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 3361 Trip Run, Birmingham, AL, 35244 priced at $448,500 converts $3,632/mo rent into $916/mo cash flow after a $2,195/mo obligation. Total monthly income equals $3,632/mo, and annual cash flow totals $10,988/yr on $148,678 invested. Return on cash invested prints 27.3% in year one, and rental yield reads 9.72% against a $448,500 entry. Equity gained on principal adds $2,894/yr, while 5% annual appreciation compiles into $123,912 by year five. Five-year ROI reaches 142.3% and total cumulative return in cash sums $211,575. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,632/mo property income covering a $2,195/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.27 Acres lot
$N/A/sqft
$1,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Joann Ray • ERA King Real Estate Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21396272
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.