108 13th Ave NWBirminghamAL35215
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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 108 13th Ave NW, Birmingham, AL, 35215 uses $56,322 cash to close to unlock $3,640/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,281/mo, and a $832/mo payment keeps the spread at $303/mo. Purchase price stands at $169,900, and rental yield measures 9.05% with $1,281/mo rent. Return on cash invested shows 26.37% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 136.98% and total cumulative return in cash records $77,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,281/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
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Listed by: Jennifer Brown • 1st Choice Properties LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21403129
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.