887 Vestlake Ridge DrVestaviaAL35242
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 Vestavia at 887 Vestlake Ridge Dr, Vestavia, AL, 35242 priced at $850,000 pairs $7,003/mo rent with $1,896/mo cash flow after a $4,160/mo payment. Total monthly income equals $7,003/mo, and annual cash flow comes to $22,749/yr on $279,650 invested. Return on cash invested is 28.19% in year one, and rental yield stands at 9.89% on a $850,000 basis. Equity gained on principal adds $5,485/yr, and 5% annual appreciation accumulates to $234,839 by year five. Five-year ROI measures 147% and total cumulative return in cash reaches $411,082. For financing, Ziffy Mortgage’s DSCR program evaluates $7,003/mo property income against a $4,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.45 Acres lot
$N/A/sqft
$1,210 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Creamer • ARC Realty Vestavia-Liberty Pk
Mls Name: GALMLS
Mls Provider:
Mls ID: #21425185
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.