504 Patton Chapel Way UNIT 504BirminghamAL35226
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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
Rental property for sale in Birmingham at 504 Patton Chapel Way UNIT 504, Birmingham, AL, 35226 generates $1,275/mo in rent and, after a $783/mo payment, leaves $372/mo in cash flow. Total monthly income is $1,275/mo, and annual cash flow is $4,465/yr on $53,007 invested. Return on cash invested sits at 28.33% in year one, and rental yield is 9.57% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 147.41% and total cumulative return in cash sums $78,138. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,275/mo property income rather than buyer’s personal income.
Condo
Built in 1970
N/A 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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Listed by: Sal Jan • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls ID: #21438898