771 Highland Manor CtHooverAL35226
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
Investment Highlights
Rental property for sale in Hoover at 771 Highland Manor Ct, Hoover, AL, 35226 priced at $389,900 converts $3,488/mo rent into $1,180/mo cash flow after a $1,908/mo obligation. Total monthly income equals $3,488/mo, and annual cash flow totals $14,162/yr on $129,252 invested. Return on cash invested prints 30.87% in year one, and rental yield reads 10.74% against a $389,900 entry. Equity gained on principal adds $2,516/yr, while 5% annual appreciation compiles into $107,722 by year five. Five-year ROI reaches 161.27% and total cumulative return in cash sums $208,441. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,488/mo property income covering a $1,908/mo payment, not borrower’s personal income.
Single Family
Built in 2013
0.28 Acres lot
$N/A/sqft
$275 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Susie Helton • ARC Realty - Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407495
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.