617 48th St SBirminghamAL35222
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 617 48th St S, Birmingham, AL, 35222 generates $1,817/mo in rent and, after a $1,272/mo payment, leaves $350/mo in cash flow. Total monthly income is $1,817/mo, and annual cash flow is $4,201/yr on $86,157 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 8.39% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash sums $110,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,817/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35222, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,713 (100%) |
| Owner Occupied HU | 2,014 (42.7%) |
| Renter Occupied HU | 2,191 (46.5%) |
| Vacant Housing Units | 508 (10.8%) |
| Median Home Value | $399,331 |
| Average Home Value | $535,552 |
Housing Distribution
Address Breakdown
Residential
4,377
Single Family
3,422
Multi-Family
955
Businesses
599
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathryn Romanchuk • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls ID: #21434727