1300 Beacon Pkwy E UNIT 509BirminghamAL35209
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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 509, Birmingham, AL, 35209 uses $102,765 cash to close to unlock $9,306/yr annual cash flow and $776/mo monthly cash flow. Total monthly income runs $2,525/mo, and a $1,517/mo payment keeps the spread at $776/mo. Purchase price stands at $310,000, and rental yield measures 9.77% with $2,525/mo rent. Return on cash invested shows 28.96% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 150.7% and total cumulative return in cash records $154,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,525/mo property income covering a $1,517/mo payment rather than investor’s personal income.
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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