1040 Broadway Park UNIT 323BirminghamAL35209
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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 1040 Broadway Park UNIT 323, Birmingham, AL, 35209 uses $82,179 cash to close to unlock $5,089/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $1,213/mo payment keeps the spread at $424/mo. Purchase price stands at $247,900, and rental yield measures 8.82% with $1,823/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $68,490 over five years. Five-year ROI reaches 135.39% and total cumulative return in cash records $111,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $1,213/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35209, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,204 (100%) |
| Owner Occupied HU | 5,576 (39.3%) |
| Renter Occupied HU | 6,610 (46.5%) |
| Vacant Housing Units | 2,018 (14.2%) |
| Median Home Value | $487,776 |
| Average Home Value | $591,314 |
Housing Distribution
Address Breakdown
Residential
13,671
Single Family
10,594
Multi-Family
3,077
Businesses
2,312
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Listed by: Krisalyn Crye • ARC Realty - Homewood
Mls Name: GALMLS
Mls ID: #21438053