1300 Beacon Pkwy E UNIT 504BirminghamAL35209
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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 1300 Beacon Pkwy E UNIT 504, Birmingham, AL, 35209 offers a 8.2% rental yield on a $329,000 purchase with $2,249/mo rent. Total monthly income registers $2,249/mo, and a $1,610/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,707/yr on $109,064 to close, and return on cash invested stands at 24.22% in year one. Equity gained on principal adds $2,123/yr while 5% annual appreciation supports $90,897 over five years. Portfolio math shows five-year ROI at 125.31% and total cumulative return in cash at $136,665. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,249/mo property income against a $1,610/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
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: Kathy Harmon • LAH Sotheby's International Realty Hoover
Mls Name: GALMLS
Mls ID: #21437633