508 Oak Glen TrceBirminghamAL35244
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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 508 Oak Glen Trce, Birmingham, AL, 35244 offers $3,194/mo rent that, after a $1,811/mo payment, leaves $1,035/mo cash flow. Total monthly income is $3,194/mo, and annual cash flow is $12,419/yr on $122,655 cash. Return on cash invested measures 30.03% in year one, and rental yield stands at 10.36% at a $370,000 entry. Equity gained on principal adds $2,388/yr while 5% annual appreciation compounds into $102,224 by year five. Five-year ROI records 156.66% and total cumulative return in cash reaches $192,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,194/mo property income versus a $1,811/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Leighton Harbuck • ARC Realty - Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21431573
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.