909 Forrest Dr SHomewoodAL35209
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 Homewood at 909 Forrest Dr S, Homewood, AL, 35209 priced at $480,000 converts $4,837/mo rent into $1,718/mo cash flow after a $2,349/mo obligation. Total monthly income equals $4,837/mo, and annual cash flow totals $20,616/yr on $159,120 invested. Return on cash invested prints 32.87% in year one, and rental yield reads 12.09% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 172.72% and total cumulative return in cash sums $274,829. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,837/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1967
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Davis • Spartan Realty LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21366730
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.