1124 15th St NBirminghamAL35204
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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 1124 15th St N, Birmingham, AL, 35204 earns from $1,771/mo rent with a $3,969/mo payment. Total monthly income totals $1,771/mo. ROI tracks 7.44% on current figures, and rental yield reads 2.62% at a $810,900 purchase. Equity gained on principal adds $5,233/yr, and 5% annual appreciation supports $224,037 over five years. Five-year ROI reaches 35.21% and total cumulative return in cash sums $93,934. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,771/mo property income instead of your personal income.
Multi Family
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35204, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,212 (100%) |
| Owner Occupied HU | 1,563 (30.0%) |
| Renter Occupied HU | 2,607 (50.0%) |
| Vacant Housing Units | 1,042 (20.0%) |
| Median Home Value | $104,329 |
| Average Home Value | $188,864 |
Housing Distribution
Address Breakdown
Residential
4,481
Single Family
4,282
Multi-Family
199
Businesses
420
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Listed by: Lou Hill • EPI Real Estate
Mls Name: GALMLS
Mls ID: #21419470