764 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 764 Heatherwood Dr, Hoover, AL, 35244 priced at $469,500 converts $3,720/mo rent into $1,070/mo cash flow after a $2,298/mo obligation. Total monthly income equals $3,720/mo, and annual cash flow totals $12,838/yr on $155,639 invested. Return on cash invested prints 28.16% in year one, and rental yield reads 9.51% against a $469,500 entry. Equity gained on principal adds $3,030/yr, while 5% annual appreciation compiles into $129,714 by year five. Five-year ROI reaches 146.35% and total cumulative return in cash sums $227,780. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,720/mo property income covering a $2,298/mo payment, not borrower’s personal income.
Single Family
Built in 1987
0.51 Acres lot
$N/A/sqft
No 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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