57 17th Ct SBirminghamAL35205
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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 57 17th Ct S, Birmingham, AL, 35205 uses $38,123 cash to close to unlock $3,009/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $900/mo, and a $563/mo payment keeps the spread at $251/mo. Purchase price stands at $115,000, and rental yield measures 9.39% with $900/mo rent. Return on cash invested shows 27.8% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 144.47% and total cumulative return in cash records $55,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $900/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1945
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35205, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,646 (100%) |
| Owner Occupied HU | 2,695 (23.1%) |
| Renter Occupied HU | 7,001 (60.1%) |
| Vacant Housing Units | 1,950 (16.7%) |
| Median Home Value | $365,353 |
| Average Home Value | $470,767 |
Housing Distribution
Address Breakdown
Residential
11,221
Single Family
5,821
Multi-Family
5,400
Businesses
803
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Listed by: Kelly Kirby • Keller Williams Homewood
Mls Name: GALMLS
Mls ID: #21423845