801 Overlook DrBirminghamAL35228
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 Birmingham at 801 Overlook Dr, Birmingham, AL, 35228 priced at $149,900 converts $1,387/mo rent into $541/mo cash flow after a $734/mo obligation. Total monthly income equals $1,387/mo, and annual cash flow totals $6,487/yr on $49,692 invested. Return on cash invested prints 32.96% in year one, and rental yield reads 11.1% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 172.2% and total cumulative return in cash sums $85,571. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,387/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1960
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shun Randolph • RealtySouth-I459 Southwest
Mls Name: GALMLS
Mls ID: #21436533