605 Oregon StBirminghamAL35224
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 605 Oregon St, Birmingham, AL, 35224 offers $1,212/mo rent that, after a $560/mo payment, leaves $566/mo cash flow. Total monthly income is $1,212/mo, and annual cash flow is $6,793/yr on $37,957 cash. Return on cash invested measures 37.81% in year one, and rental yield stands at 12.7% at a $114,500 entry. Equity gained on principal adds $739/yr while 5% annual appreciation compounds into $31,634 by year five. Five-year ROI records 198.22% and total cumulative return in cash reaches $75,236. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,212/mo property income versus a $560/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35224, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,610 (100%) |
| Owner Occupied HU | 1,324 (50.7%) |
| Renter Occupied HU | 782 (30.0%) |
| Vacant Housing Units | 504 (19.3%) |
| Median Home Value | $86,250 |
| Average Home Value | $135,366 |
Housing Distribution
Address Breakdown
Residential
2,317
Single Family
2,317
Multi-Family
0
Businesses
108
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Listed by: Tom Jackson • TimberVine Group
Mls Name: GALMLS
Mls ID: #21429716