705 Park Ridge CirVestaviaAL35242
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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
Rental property for sale in Vestavia at 705 Park Ridge Cir, Vestavia, AL, 35242 offers $4,974/mo rent that, after a $3,500/mo payment, leaves $649/mo cash flow. Total monthly income is $4,974/mo, and annual cash flow is $7,784/yr on $235,235 cash. Return on cash invested measures 23.37% in year one, and rental yield stands at 8.35% at a $715,000 entry. Equity gained on principal adds $4,614/yr while 5% annual appreciation compounds into $197,541 by year five. Five-year ROI records 121.18% and total cumulative return in cash reaches $285,057. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,974/mo property income versus a $3,500/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.36 Acres lot
$N/A/sqft
$1,210 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Robin Owings • RealtySouth-MB-Crestline
Mls Name: GALMLS
Mls Provider:
Mls ID: #21389461
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.