57 Hanover Cir S APT 221BirminghamAL35205
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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 221, Birmingham, AL, 35205 listed at $134,900 pairs $1,099/mo rent with a $660/mo payment to leave $338/mo cash flow. Total monthly income runs $1,099/mo, and annual cash flow reaches $4,054/yr on $44,719 cash to close. Return on cash invested measures 28.97% in year one, and rental yield registers 9.78% at a $134,900 basis. Equity gained on principal adds $870/yr, and annual property appreciation at 5% supports $37,270 by year five. Five-year ROI tracks 150.71% and total cumulative return in cash totals $67,397. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,099/mo property income relative to a $660/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1987
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: Kimberly Cobb • RE/MAX Marketplace
Mls Name: GALMLS
Mls ID: #21438781