8209 3rd Ave SBirminghamAL35206
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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 Birmingham at 8209 3rd Ave S, Birmingham, AL, 35206 generates $1,399/mo in rent and, after a $541/mo payment, leaves $696/mo in cash flow. Total monthly income is $1,399/mo, and annual cash flow is $8,351/yr on $36,664 invested. Return on cash invested sits at 42.68% in year one, and rental yield is 15.18% on a $110,600 entry. Equity gained on principal adds $714/yr, while 5% annual appreciation builds toward $30,557 over five years. Five-year ROI reaches 225.2% and total cumulative return in cash sums $82,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,399/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35206, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,370 (100%) |
| Owner Occupied HU | 3,160 (42.9%) |
| Renter Occupied HU | 2,907 (39.4%) |
| Vacant Housing Units | 1,303 (17.7%) |
| Median Home Value | $127,469 |
| Average Home Value | $252,864 |
Housing Distribution
Address Breakdown
Residential
6,878
Single Family
6,420
Multi-Family
458
Businesses
427
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A