362 Olmsted StBirminghamAL35242
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 Birmingham at 362 Olmsted St, Birmingham, AL, 35242 listed at $714,900 pairs $2,814/mo rent with a $3,499/mo payment. Total monthly income runs $2,814/mo. Return on cash invested measures 13.83% in year one, and rental yield registers 4.72% at a $714,900 basis. Equity gained on principal adds $4,613/yr, and annual property appreciation at 5% supports $197,514 by year five. Five-year ROI tracks 69.48% and total cumulative return in cash totals $163,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,814/mo property income relative to a $3,499/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
5,227 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carrie Lusk • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419018
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.