8321 Vassar AveBirminghamAL35206
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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
Investment property for sale in Birmingham at 8321 Vassar Ave, Birmingham, AL, 35206 uses $43,758 cash to close to unlock $5,568/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,209/mo, and a $646/mo payment keeps the spread at $464/mo. Purchase price stands at $132,000, and rental yield measures 10.99% with $1,209/mo rent. Return on cash invested shows 32.63% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 170.32% and total cumulative return in cash records $74,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,209/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,840 sqft 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: Linda Ponder • RealtySouth-OTM-Acton Rd
Mls Name: GALMLS
Mls ID: #21439210