1704 2nd Ave WBirminghamAL35208
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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 1704 2nd Ave W, Birmingham, AL, 35208 uses $33,150 cash to close to unlock $1,833/yr annual cash flow and $153/mo monthly cash flow. Total monthly income runs $787/mo, and a $489/mo payment keeps the spread at $153/mo. Purchase price stands at $100,000, and rental yield measures 9.44% with $787/mo rent. Return on cash invested shows 25.44% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 132.75% and total cumulative return in cash records $44,008. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $787/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35208, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 2,766 (40.7%) |
| Renter Occupied HU | 2,770 (40.7%) |
| Vacant Housing Units | 1,267 (18.6%) |
| Median Home Value | $88,646 |
| Average Home Value | $199,797 |
Housing Distribution
Address Breakdown
Residential
5,760
Single Family
5,555
Multi-Family
205
Businesses
459
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Listed by: Derrick Grayson • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21394627
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.