5960 Waterscape PassBirminghamAL35244
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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
Rental property for sale in Birmingham at 5960 Waterscape Pass, Birmingham, AL, 35244 priced at $364,000 pairs $3,161/mo rent with $1,106/mo cash flow after a $1,782/mo payment. Total monthly income equals $3,161/mo, and annual cash flow comes to $13,272/yr on $120,666 invested. Return on cash invested is 30.91% in year one, and rental yield stands at 10.42% on a $364,000 basis. Equity gained on principal adds $2,349/yr, and 5% annual appreciation accumulates to $100,566 by year five. Five-year ROI measures 161.1% and total cumulative return in cash reaches $194,393. For financing, Ziffy Mortgage’s DSCR program evaluates $3,161/mo property income against a $1,782/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Aaron Mighty • Mighty Realty Inc
Mls Name: GALMLS
Mls ID: #21432367