702 6th AveMidfieldAL35228
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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 Midfield at 702 6th Ave, Midfield, AL, 35228 at $121,500 posts ROI 24.88% with $167/mo cash flow from $945/mo rent. Total monthly income equals $945/mo, and annual cash flow records $2,002/yr on $40,277 to close. Return on cash invested measures 24.88% and rental yield reads 9.33% at the current $121,500. Equity gained on principal adds $784/yr, and 5% annual appreciation supports $33,568 by year five. Five-year ROI prints 129.78% and total cumulative return in cash totals $52,270.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $945/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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Listed by: Velda Kennedy • A & W Real Estate
Mls Name: GALMLS
Mls Provider:
Mls ID: #21372615
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.