924 6th St WBirminghamAL35204
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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
Investment property for sale in Birmingham at 924 6th St W, Birmingham, AL, 35204 listed at $125,900 pairs $965/mo rent with a $616/mo payment to leave $255/mo cash flow. Total monthly income runs $965/mo, and annual cash flow reaches $3,055/yr on $41,736 cash to close. Return on cash invested measures 27.23% in year one, and rental yield registers 9.2% at a $125,900 basis. Equity gained on principal adds $812/yr, and annual property appreciation at 5% supports $34,784 by year five. Five-year ROI tracks 141.43% and total cumulative return in cash totals $59,028. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $965/mo property income relative to a $616/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35204, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,212 (100%) |
| Owner Occupied HU | 1,563 (30.0%) |
| Renter Occupied HU | 2,607 (50.0%) |
| Vacant Housing Units | 1,042 (20.0%) |
| Median Home Value | $104,329 |
| Average Home Value | $188,864 |
Housing Distribution
Address Breakdown
Residential
4,481
Single Family
4,282
Multi-Family
199
Businesses
420
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Listed by: Carla Carter • Kelly Right Real Estate of Ala
Mls Name: GALMLS
Mls ID: #21429210