1120 Beacon Pkwy E UNIT 206BirminghamAL35209
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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
Rental property for sale in Birmingham at 1120 Beacon Pkwy E UNIT 206, Birmingham, AL, 35209 generates $1,988/mo in rent and, after a $1,224/mo payment, leaves $548/mo in cash flow. Total monthly income is $1,988/mo, and annual cash flow is $6,578/yr on $82,875 invested. Return on cash invested sits at 27.85% in year one, and rental yield is 9.54% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 144.9% and total cumulative return in cash sums $120,082. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,988/mo property income rather than buyer’s personal income.
Condo
Built in 1979
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: DeAngelo Snow • Keller Williams Trussville
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424471
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.