131 W Grn #131BirminghamAL35243
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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 131 W Grn #131, Birmingham, AL, 35243 uses $64,609 cash to close to unlock $3,766/yr annual cash flow and $314/mo monthly cash flow. Total monthly income runs $1,414/mo, and a $954/mo payment keeps the spread at $314/mo. Purchase price stands at $194,900, and rental yield measures 8.71% with $1,414/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 133.4% and total cumulative return in cash records $86,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,414/mo property income covering a $954/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35243, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,028 (100%) |
| Owner Occupied HU | 5,629 (51.0%) |
| Renter Occupied HU | 4,756 (43.1%) |
| Vacant Housing Units | 643 ( 5.8%) |
| Median Home Value | $498,768 |
| Average Home Value | $635,274 |
Housing Distribution
Address Breakdown
Residential
10,852
Single Family
7,638
Multi-Family
3,214
Businesses
1,480
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Listed by: Kara Lamar • South Main Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21424143
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.