845 29th St SWBirminghamAL35211
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
Investment property for sale in Birmingham at 845 29th St SW, Birmingham, AL, 35211 earns $247/mo cash flow from $867/mo rent with a $538/mo payment. Total monthly income totals $867/mo, and annual cash flow totals $2,959/yr on $36,432 capital. ROI tracks 28.03% on current figures, and rental yield reads 9.47% at a $109,900 purchase. Equity gained on principal adds $709/yr, and 5% annual appreciation supports $30,363 over five years. Five-year ROI reaches 145.73% and total cumulative return in cash sums $53,092. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $867/mo property income instead of your personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35211, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,583 (100%) |
| Owner Occupied HU | 4,867 (35.8%) |
| Renter Occupied HU | 6,218 (45.8%) |
| Vacant Housing Units | 2,498 (18.4%) |
| Median Home Value | $127,860 |
| Average Home Value | $225,345 |
Housing Distribution
Address Breakdown
Residential
12,074
Single Family
9,184
Multi-Family
2,890
Businesses
679
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sandy Nguyen (Binh) • Goal Realty LLC
Mls Name: GALMLS
Mls ID: #21437618