57 Norwood CirBirminghamAL35234
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Birmingham at 57 Norwood Cir, Birmingham, AL, 35234 offers $1,424/mo rent that, after a $617/mo payment, leaves $567/mo cash flow. Total monthly income is $1,424/mo, and annual cash flow is $6,805/yr on $41,769 cash. Return on cash invested measures 36.2% in year one, and rental yield stands at 13.56% at a $126,000 entry. Equity gained on principal adds $813/yr while 5% annual appreciation compounds into $34,811 by year five. Five-year ROI records 191.12% and total cumulative return in cash reaches $79,831. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,424/mo property income versus a $617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35234, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,536 (100%) |
| Owner Occupied HU | 812 (32.0%) |
| Renter Occupied HU | 1,164 (45.9%) |
| Vacant Housing Units | 560 (22.1%) |
| Median Home Value | $72,885 |
| Average Home Value | $165,877 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
1,976
Multi-Family
211
Businesses
221
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Listed by: N/A • N/A
Mls Name: EXIT Realty broker feed
Mls ID: #21399371