622 10th St WBirminghamAL35204
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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 622 10th St W, Birmingham, AL, 35204 listed at $125,000 pairs $985/mo rent with a $612/mo payment to leave $279/mo cash flow. Total monthly income runs $985/mo, and annual cash flow reaches $3,351/yr on $41,438 cash to close. Return on cash invested measures 28% in year one, and rental yield registers 9.46% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 145.56% and total cumulative return in cash totals $60,317. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $985/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35204, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,212 (100%) |
| Owner Occupied HU | 1,563 (30.0%) |
| Renter Occupied HU | 2,607 (50.0%) |
| Vacant Housing Units | 1,042 (20.0%) |
| Median Home Value | $104,329 |
| Average Home Value | $188,864 |
Housing Distribution
Address Breakdown
Residential
4,481
Single Family
4,282
Multi-Family
199
Businesses
420
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Listed by: Eva Cottrell • Lokation Real Estate LLC
Mls Name: GALMLS
Mls ID: #21433856