720 Cedar Cone CirBirminghamAL35214
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 720 Cedar Cone Cir, Birmingham, AL, 35214 in Birmingham is listed at $244,000 and delivers $1,682/mo in rent and $300/mo in net monthly cash flow. The 8.27% yield and 1.53 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $67,413 over five years, and $2,247/yr in principal reduction supplements cash return. Total projected cumulative return: $111,323.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.2% |
| Monthly Cash Flow | $300 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,682 |
| Total Monthly Debt Service | $1,285 |
| DSCR Ratio | 1.31x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1974
0.44 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
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
Single Family
Built in 1974
0.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Robyn Sirmans • Sirman's Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21405634
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.