909 60th St WBirminghamAL35228
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 909 60th St W, Birmingham, AL, 35228 offers a 9.17% rental yield on a $109,000 purchase with $833/mo rent. Total monthly income registers $833/mo, and a $534/mo payment leaves $217/mo available for distribution. Annual cash flow reaches $2,607/yr on $36,134 to close, and return on cash invested stands at 27.12% in year one. Equity gained on principal adds $703/yr while 5% annual appreciation supports $30,115 over five years. Portfolio math shows five-year ROI at 140.94% and total cumulative return in cash at $50,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $833/mo property income against a $534/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35228, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,371 (100%) |
| Owner Occupied HU | 2,168 (49.6%) |
| Renter Occupied HU | 1,653 (37.8%) |
| Vacant Housing Units | 550 (12.6%) |
| Median Home Value | $102,675 |
| Average Home Value | $233,567 |
Housing Distribution
Address Breakdown
Residential
3,951
Single Family
3,723
Multi-Family
228
Businesses
235
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Listed by: Brandi Feagin • Norluxe Realty Birmingham LLC
Mls Name: GALMLS
Mls ID: #21428255