613 3rd St SWBirminghamAL35211
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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 613 3rd St SW, Birmingham, AL, 35211 uses $36,432 cash to close to unlock $2,455/yr annual cash flow and $205/mo monthly cash flow. Total monthly income runs $825/mo, and a $538/mo payment keeps the spread at $205/mo. Purchase price stands at $109,900, and rental yield measures 9.01% with $825/mo rent. Return on cash invested shows 26.65% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 138.35% and total cumulative return in cash records $50,404. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $825/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35211, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,583 (100%) |
| Owner Occupied HU | 4,867 (35.8%) |
| Renter Occupied HU | 6,218 (45.8%) |
| Vacant Housing Units | 2,498 (18.4%) |
| Median Home Value | $127,860 |
| Average Home Value | $225,345 |
Housing Distribution
Address Breakdown
Residential
12,074
Single Family
9,184
Multi-Family
2,890
Businesses
679
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Listed by: Kay Page • Alabama Realty Brokers III
Mls Name: GALMLS
Mls ID: #21437543