963 3rd 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 963 3rd St W, Birmingham, AL, 35204 uses $44,719 cash to close to unlock $5,590/yr annual cash flow and $466/mo monthly cash flow. Total monthly income runs $1,227/mo, and a $660/mo payment keeps the spread at $466/mo. Purchase price stands at $134,900, and rental yield measures 10.91% with $1,227/mo rent. Return on cash invested shows 32.41% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 169.15% and total cumulative return in cash records $75,641. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,227/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10,018 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: Barnes Stacey • Trading Earth, Inc.
Mls Name: GALMLS
Mls ID: #21440134