112 W Grn #112BirminghamAL35243
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 112 W Grn #112, Birmingham, AL, 35243 in Birmingham hard to pass up. The 10.62% gross yield on a $253,000 purchase results in $2,238/mo in rent and $810/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.97). Annual cash flow of $9,719, five-year appreciation of $69,899, and $2,330/yr in equity build-up combine for a projected total cumulative return of $147,459.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.2% |
| Monthly Cash Flow | $810 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,238 |
| Total Monthly Debt Service | $1,327 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GALMLS
Mls ID: #21444719