5113 Iceland CtBirminghamAL35224
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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 5113 Iceland Ct, Birmingham, AL, 35224 offers a 9.25% rental yield on a $169,900 purchase with $1,310/mo rent. Total monthly income registers $1,310/mo, and a $832/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,207/yr on $56,322 to close, and return on cash invested stands at 27.38% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 142.2% and total cumulative return in cash at $80,090. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,310/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
5.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Blake Shultz • ARC Realty - Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21416491
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.