57 Hanover Cir S APT 119BirminghamAL35205
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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 119, Birmingham, AL, 35205 earns $271/mo cash flow from $1,117/mo rent with a $734/mo payment. Total monthly income totals $1,117/mo, and annual cash flow totals $3,247/yr on $49,692 capital. ROI tracks 26.44% on current figures, and rental yield reads 8.94% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 137.21% and total cumulative return in cash sums $68,183. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,117/mo property income instead of your 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: Melanie Siow • RealtySouth-Shelby Office
Mls Name: GALMLS
Mls ID: #21428621