9700 Miller AveBirminghamAL35217
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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 9700 Miller Ave, Birmingham, AL, 35217 uses $51,383 cash to close to unlock $12,632/yr annual cash flow and $1,053/mo monthly cash flow. Total monthly income runs $2,020/mo, and a $759/mo payment keeps the spread at $1,053/mo. Purchase price stands at $155,000, and rental yield measures 15.64% with $2,020/mo rent. Return on cash invested shows 44.49% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 234.79% and total cumulative return in cash records $120,640. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,020/mo property income covering a $759/mo payment rather than investor’s personal income.
Single Family
Built in 1979
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35217, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,910 (100%) |
| Owner Occupied HU | 2,400 (40.6%) |
| Renter Occupied HU | 2,508 (42.4%) |
| Vacant Housing Units | 1,002 (17.0%) |
| Median Home Value | $120,000 |
| Average Home Value | $230,202 |
Housing Distribution
Address Breakdown
Residential
5,368
Single Family
4,879
Multi-Family
489
Businesses
590
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Listed by: Sarah Johnson • ARC Realty - Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21418399
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.