423 Renaissance 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 423 Renaissance Dr, Hoover, AL, 35226 offers a 6.25% rental yield on a $765,000 purchase with $3,985/mo rent. 84% in year one. Equity gained on principal adds $4,936/yr while 5% annual appreciation supports $211,355 over five years. Portfolio math shows five-year ROI at 86.22% and total cumulative return in cash at $217,007. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,985/mo property income against a $3,744/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
0.31 Acres lot
$N/A/sqft
$1,300 annually 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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Listed by: Sherri Williams • RealtySouth - Admin Office
Mls Name: GALMLS
Mls Provider:
Mls ID: #21394299
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.