560 Reach DrBirminghamAL35242
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 560 Reach Dr, Birmingham, AL, 35242 in Birmingham hard to pass up. The 10.07% gross yield on a $329,000 purchase results in $2,760/mo in rent and $903/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.87). Annual cash flow of $10,836, five-year appreciation of $90,897, and $3,030/yr in equity build-up combine for a projected total cumulative return of $182,147.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.2% |
| Monthly Cash Flow | $903 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $1,726 |
| DSCR Ratio | 1.60x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2005
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2005
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Whitten • Alabama Classic Realty
Mls Name: GALMLS
Mls ID: #21435152