960 Castlemaine CtBirminghamAL35226
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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 960 Castlemaine Ct, Birmingham, AL, 35226 uses $112,710 cash to close to unlock $7,002/yr annual cash flow and $584/mo monthly cash flow. Total monthly income runs $2,515/mo, and a $1,664/mo payment keeps the spread at $584/mo. Purchase price stands at $340,000, and rental yield measures 8.88% with $2,515/mo rent. Return on cash invested shows 26.12% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 135.5% and total cumulative return in cash records $152,718. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,515/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2003
5,662 sqft lot
$N/A/sqft
$150 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35226, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,020 (100%) |
| Owner Occupied HU | 11,515 (76.7%) |
| Renter Occupied HU | 2,923 (19.5%) |
| Vacant Housing Units | 582 ( 3.9%) |
| Median Home Value | $395,301 |
| Average Home Value | $448,486 |
Housing Distribution
Address Breakdown
Residential
15,452
Single Family
13,875
Multi-Family
1,577
Businesses
375
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Listed by: Steve Parker • Keller Williams Realty Hoover
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421438
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.