721 Heatherwood DrHooverAL35244
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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 Hoover at 721 Heatherwood Dr, Hoover, AL, 35244 offers $4,928/mo rent that, after a $3,573/mo payment, leaves $788/mo cash flow. Total monthly income is $4,928/mo, and annual cash flow is $9,453/yr on $240,137 cash. Return on cash invested measures 24% in year one, and rental yield stands at 8.1% at a $729,900 entry. Equity gained on principal adds $4,710/yr while 5% annual appreciation compounds into $201,658 by year five. Five-year ROI records 124.04% and total cumulative return in cash reaches $297,871. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,928/mo property income versus a $3,573/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
0.54 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35244, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,341 (100%) |
| Owner Occupied HU | 10,823 (66.2%) |
| Renter Occupied HU | 4,785 (29.3%) |
| Vacant Housing Units | 733 ( 4.5%) |
| Median Home Value | $410,683 |
| Average Home Value | $449,563 |
Housing Distribution
Address Breakdown
Residential
16,162
Single Family
12,039
Multi-Family
4,123
Businesses
1,624
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Listed by: Mark Bishop • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414302
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.