Coleman Plan, Melrose LandingBirminghamAL35242
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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 Coleman Plan, Melrose Landing, Birmingham, AL, 35242 earns $573/mo cash flow from $2,999/mo rent with a $2,104/mo payment. Total monthly income totals $2,999/mo, and annual cash flow totals $6,871/yr on $142,512 capital. ROI tracks 24.73% on current figures, and rental yield reads 8.37% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 127.99% and total cumulative return in cash sums $182,395. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,999/mo property income instead of your personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35242, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,541 (100%) |
| Owner Occupied HU | 16,696 (65.4%) |
| Renter Occupied HU | 7,600 (29.8%) |
| Vacant Housing Units | 1,245 ( 4.9%) |
| Median Home Value | $468,745 |
| Average Home Value | $539,210 |
Housing Distribution
Address Breakdown
Residential
24,947
Single Family
18,515
Multi-Family
6,432
Businesses
1,615
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Listed by: Pat Lowery • Newcastle Homes Inc.
Mls Name: Newcastle Homes
Mls Provider:
Mls ID: #N/A