3624 Norwood BlvdBirminghamAL35234
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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
Investment property for sale in Birmingham at 3624 Norwood Blvd, Birmingham, AL, 35234 uses $39,747 cash to close to unlock $3,265/yr annual cash flow and $272/mo monthly cash flow. Total monthly income runs $949/mo, and a $587/mo payment keeps the spread at $272/mo. Purchase price stands at $119,900, and rental yield measures 9.5% with $949/mo rent. Return on cash invested shows 28.12% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 146.31% and total cumulative return in cash records $58,152. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $949/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1935
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35234, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 812 (32.0%) |
| Renter Occupied HU | 1,164 (45.9%) |
| Vacant Housing Units | 560 (22.1%) |
| Median Home Value | $72,885 |
| Average Home Value | $165,877 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
1,976
Multi-Family
211
Businesses
221
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Listed by: Matt Harbison • RE/MAX Realty Brokers
Mls Name: GALMLS
Mls ID: #21435367