511 12th AveMidfieldAL35228
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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 Midfield at 511 12th Ave, Midfield, AL, 35228 uses $47,239 cash to close to unlock $3,889/yr annual cash flow and $324/mo monthly cash flow. Total monthly income runs $1,128/mo, and a $697/mo payment keeps the spread at $324/mo. Purchase price stands at $142,500, and rental yield measures 9.5% with $1,128/mo rent. Return on cash invested shows 28.14% in year one, and 5% annual appreciation builds toward $39,370 over five years. Five-year ROI reaches 146.35% and total cumulative return in cash records $69,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,128/mo property income covering a $697/mo payment rather than investor’s personal income.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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