118 3rd Ave SWBirminghamAL35211
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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 118 3rd Ave SW, Birmingham, AL, 35211 earns $535/mo cash flow from $1,151/mo rent with a $534/mo payment. Total monthly income totals $1,151/mo, and annual cash flow totals $6,423/yr on $36,134 capital. ROI tracks 37.68% on current figures, and rental yield reads 12.67% at a $109,000 purchase. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,115 over five years. Five-year ROI reaches 197.56% and total cumulative return in cash sums $71,386. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,151/mo property income instead of your personal income.
Single Family
Built in 1956
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35211, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,583 (100%) |
| Owner Occupied HU | 4,867 (35.8%) |
| Renter Occupied HU | 6,218 (45.8%) |
| Vacant Housing Units | 2,498 (18.4%) |
| Median Home Value | $127,860 |
| Average Home Value | $225,345 |
Housing Distribution
Address Breakdown
Residential
12,074
Single Family
9,184
Multi-Family
2,890
Businesses
679
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Listed by: Roxanne Shabani • Real Broker LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21420083
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.