5660 Park Side RdHooverAL35244
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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 Hoover at 5660 Park Side Rd, Hoover, AL, 35244 priced at $295,000 converts $2,249/mo rent into $492/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,249/mo, and annual cash flow totals $5,907/yr on $97,793 invested. Return on cash invested prints 25.95% in year one, and rental yield reads 9.15% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 134.97% and total cumulative return in cash sums $131,990. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,249/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 2006
4,356 sqft lot
$N/A/sqft
$800 annually 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: Jerry Sager • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414732
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.