408 Woodland Ct NEBirminghamAL35215
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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 408 Woodland Ct NE, Birmingham, AL, 35215 with 5% annual appreciation on a $136,400 basis while $1,023/mo rent supports operations. Total monthly income totals $1,023/mo and a $668/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,032/yr on $45,217 deployed, and return on cash invested reaches 26.62% in year one. Equity gained on principal adds $880/yr, and five-year appreciation sums $37,685 alongside rental yield of 9%. Five-year ROI measures 138.13% and total cumulative return in cash totals $62,456.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,023/mo property income versus a $668/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Bart Stanley • Home Team Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21405137
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.