3623 Locksley DrBirminghamAL35223
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 3623 Locksley Dr, Birmingham, AL, 35223 offers a 4.59% rental yield on a $1,595,000 purchase with $6,103/mo rent. 64% in year one. Equity gained on principal adds $10,292/yr while 5% annual appreciation supports $440,669 over five years. Portfolio math shows five-year ROI at 68.37% and total cumulative return in cash at $353,321. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,103/mo property income against a $7,807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35223, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,820 (100%) |
| Owner Occupied HU | 3,934 (81.6%) |
| Renter Occupied HU | 707 (14.7%) |
| Vacant Housing Units | 179 ( 3.7%) |
| Median Home Value | $722,762 |
| Average Home Value | $923,552 |
Housing Distribution
Address Breakdown
Residential
4,894
Single Family
4,346
Multi-Family
548
Businesses
689
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynlee Hughes • ARC Realty Mountain Brook
Mls Name: GALMLS
Mls ID: #21435082