1231 23rd St S #A2BirminghamAL35205
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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 1231 23rd St S #A2, Birmingham, AL, 35205 offers a 2.37% rental yield on a $1,149,000 purchase with $2,266/mo rent. 77% in year one. Equity gained on principal adds $7,414/yr while 5% annual appreciation supports $317,448 over five years. Portfolio math shows five-year ROI at 31.55% and total cumulative return in cash at $117,439. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,266/mo property income against a $5,624/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A 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: Beth Meullen • Ingram & Associates, LLC
Mls Name: GALMLS
Mls ID: #21435028