408 Highland Cove DrHooverAL35226
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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 Hoover at 408 Highland Cove Dr, Hoover, AL, 35226 uses $99,119 cash to close to unlock $4,053/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $2,025/mo, and a $1,463/mo payment keeps the spread at $338/mo. Purchase price stands at $299,000, and rental yield measures 8.13% with $2,025/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 124.06% and total cumulative return in cash records $122,962. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,025/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Townhouse
Built in 2002
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
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