339 Narrows DrBirminghamAL35242
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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 339 Narrows Dr, Birmingham, AL, 35242 generates $2,814/mo in rent and, after a $1,664/mo payment, leaves $853/mo in cash flow. Total monthly income is $2,814/mo, and annual cash flow is $10,240/yr on $112,710 invested. Return on cash invested sits at 28.99% in year one, and rental yield is 9.93% on a $339,999 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,935 over five years. Five-year ROI reaches 151.02% and total cumulative return in cash sums $170,214. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,814/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
5,227 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Jennifer Gilbert • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21426868
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.