524 Vanderbilt StBirminghamAL35206
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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 524 Vanderbilt St, Birmingham, AL, 35206 priced at $499,900 converts $1,020/mo rent into after a $2,447/mo obligation. Total monthly income equals $1,020/mo. Return on cash invested prints 6.86% in year one, and rental yield reads 2.45% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 32.18% and total cumulative return in cash sums $53,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,020/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Multi Family
Built in 1963
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35206, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,370 (100%) |
| Owner Occupied HU | 3,160 (42.9%) |
| Renter Occupied HU | 2,907 (39.4%) |
| Vacant Housing Units | 1,303 (17.7%) |
| Median Home Value | $127,469 |
| Average Home Value | $252,864 |
Housing Distribution
Address Breakdown
Residential
6,878
Single Family
6,420
Multi-Family
458
Businesses
427
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Listed by: Adam Snow • eXp Realty, LLC Central
Mls Name: GALMLS
Mls ID: #21438197