57 Hanover Cir S APT 115BirminghamAL35205
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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 Hanover Cir S APT 115, Birmingham, AL, 35205 uses $48,068 cash to close to unlock $5,547/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $1,281/mo, and a $710/mo payment keeps the spread at $462/mo. Purchase price stands at $145,000, and rental yield measures 10.6% with $1,281/mo rent. Return on cash invested shows 31.45% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 164.09% and total cumulative return in cash records $78,872. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,281/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A 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: Murry Hard • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls ID: #21439937