3373 S Cove TrceVestavia HillsAL35216
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Vestavia Hills at 3373 S Cove Trce, Vestavia Hills, AL, 35216 uses $246,750 cash to close to unlock $21,015/yr annual cash flow and $1,751/mo monthly cash flow. Total monthly income runs $6,280/mo, and a $3,671/mo payment keeps the spread at $1,751/mo. Purchase price stands at $750,000, and rental yield measures 10.05% with $6,280/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 149.1% and total cumulative return in cash records $367,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,280/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.63 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35216, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,677 (100%) |
| Owner Occupied HU | 8,293 (46.9%) |
| Renter Occupied HU | 7,807 (44.2%) |
| Vacant Housing Units | 1,577 ( 8.9%) |
| Median Home Value | $397,800 |
| Average Home Value | $488,346 |
Housing Distribution
Address Breakdown
Residential
16,676
Single Family
10,881
Multi-Family
5,795
Businesses
1,467
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mike Wald • RealtySouth-OTM-Acton Rd
Mls Name: GALMLS
Mls Provider:
Mls ID: #21397342
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.