618 Hambaugh AveHomewoodAL35209
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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 Homewood at 618 Hambaugh Ave, Homewood, AL, 35209 earns $2,335/mo cash flow from $6,031/mo rent with a $3,177/mo payment. Total monthly income totals $6,031/mo, and annual cash flow totals $28,018/yr on $213,521 capital. ROI tracks 33.18% on current figures, and rental yield reads 11.15% at a $649,000 purchase. Equity gained on principal adds $4,188/yr, and 5% annual appreciation supports $179,307 over five years. Five-year ROI reaches 173.33% and total cumulative return in cash sums $370,104. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,031/mo property income instead of your personal income.
Single Family
Built in 1903
8,607 sqft 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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