711 Oak Ridge DrBirminghamAL35214
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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 711 Oak Ridge Dr, Birmingham, AL, 35214 uses $42,764 cash to close to unlock $8,019/yr annual cash flow and $668/mo monthly cash flow. Total monthly income runs $1,396/mo, and a $631/mo payment keeps the spread at $668/mo. Purchase price stands at $129,000, and rental yield measures 12.99% with $1,396/mo rent. Return on cash invested shows 38.66% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 202.77% and total cumulative return in cash records $86,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,396/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1965
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35214, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,272 (100%) |
| Owner Occupied HU | 4,940 (59.7%) |
| Renter Occupied HU | 2,416 (29.2%) |
| Vacant Housing Units | 916 (11.1%) |
| Median Home Value | $162,610 |
| Average Home Value | $211,189 |
Housing Distribution
Address Breakdown
Residential
7,960
Single Family
7,374
Multi-Family
586
Businesses
391
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Listed by: Christina James • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls ID: #21418020