704 Crest LnHomewoodAL35209
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 Homewood at 704 Crest Ln, Homewood, AL, 35209 priced at $559,000 pairs $3,121/mo rent with after a $2,736/mo payment. Total monthly income equals $3,121/mo. Return on cash invested is 19.44% in year one, and rental yield stands at 6.7% on a $559,000 basis. Equity gained on principal adds $3,607/yr, and 5% annual appreciation accumulates to $154,441 by year five. Five-year ROI measures 99.73% and total cumulative return in cash reaches $183,423. For financing, Ziffy Mortgage’s DSCR program evaluates $3,121/mo property income against a $2,736/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
10,018 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Byrom • ARC Realty - Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414032
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.