617 Northmoor LnBirminghamAL35209
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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 617 Northmoor Ln, Birmingham, AL, 35209 offers a 8.44% rental yield on a $399,000 purchase with $2,806/mo rent. Total monthly income registers $2,806/mo, and a $1,953/mo payment leaves $479/mo available for distribution. Annual cash flow reaches $5,743/yr on $132,269 to close, and return on cash invested stands at 24.25% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 125.66% and total cumulative return in cash at $166,214. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,806/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
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Listed by: Stephen Fryrear • ARC Realty - Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21412929
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.