883 Vestlake Ridge DrVestaviaAL35242
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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 Vestavia at 883 Vestlake Ridge Dr, Vestavia, AL, 35242 priced at $899,900 pairs $5,700/mo rent with $620/mo cash flow after a $4,405/mo payment. Total monthly income equals $5,700/mo, and annual cash flow comes to $7,441/yr on $296,067 invested. Return on cash invested is 22.57% in year one, and rental yield stands at 7.6% on a $899,900 basis. Equity gained on principal adds $5,807/yr, and 5% annual appreciation accumulates to $248,626 by year five. Five-year ROI measures 116.39% and total cumulative return in cash reaches $344,584. For financing, Ziffy Mortgage’s DSCR program evaluates $5,700/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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