37 Norman DrBirminghamAL35213
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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 37 Norman Dr, Birmingham, AL, 35213 offers a 4.08% rental yield on a $1,099,000 purchase with $3,734/mo rent. 05% in year one. Equity gained on principal adds $7,092/yr while 5% annual appreciation supports $303,633 over five years. Portfolio math shows five-year ROI at 59.86% and total cumulative return in cash at $213,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,734/mo property income against a $5,379/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35213, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,571 (100%) |
| Owner Occupied HU | 4,263 (64.9%) |
| Renter Occupied HU | 2,001 (30.5%) |
| Vacant Housing Units | 307 ( 4.7%) |
| Median Home Value | $650,762 |
| Average Home Value | $795,174 |
Housing Distribution
Address Breakdown
Residential
6,523
Single Family
5,252
Multi-Family
1,271
Businesses
470
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Listed by: Mimi Nolen • RealtySouth-MB-Cahaba Rd
Mls Name: GALMLS
Mls ID: #21435373