1173 18th Ave SBirminghamAL35205
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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 1173 18th Ave S, Birmingham, AL, 35205 uses $115,694 cash to close to unlock $2,957/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,320/mo, and a $1,708/mo payment keeps the spread at $246/mo. Purchase price stands at $349,000, and rental yield measures 7.98% with $2,320/mo rent. Return on cash invested shows 22.46% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 116.23% and total cumulative return in cash records $134,472. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,320/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 1930
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35205, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,646 (100%) |
| Owner Occupied HU | 2,695 (23.1%) |
| Renter Occupied HU | 7,001 (60.1%) |
| Vacant Housing Units | 1,950 (16.7%) |
| Median Home Value | $365,353 |
| Average Home Value | $470,767 |
Housing Distribution
Address Breakdown
Residential
11,221
Single Family
5,821
Multi-Family
5,400
Businesses
803
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Listed by: Michelle Davenport • RealtySouth-Homewood
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407761
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.