908 Ridgewood CirBirminghamAL35235
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 Birmingham at 908 Ridgewood Cir, Birmingham, AL, 35235 generates $1,904/mo in rent and, after a $1,224/mo payment, leaves $460/mo in cash flow. Total monthly income is $1,904/mo, and annual cash flow is $5,517/yr on $82,875 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 9.14% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 138.02% and total cumulative return in cash sums $114,382. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35235, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,834 (100%) |
| Owner Occupied HU | 5,097 (57.7%) |
| Renter Occupied HU | 2,992 (33.9%) |
| Vacant Housing Units | 745 ( 8.4%) |
| Median Home Value | $191,405 |
| Average Home Value | $260,508 |
Housing Distribution
Address Breakdown
Residential
8,419
Single Family
7,608
Multi-Family
811
Businesses
711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Isaac Mcdow • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21414186
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.