1801 2nd Ave #401BirminghamAL35203
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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 1801 2nd Ave #401, Birmingham, AL, 35203 uses $74,588 cash to close to unlock $3,747/yr annual cash flow and $312/mo monthly cash flow. Total monthly income runs $1,582/mo, and a $1,101/mo payment keeps the spread at $312/mo. Purchase price stands at $225,000, and rental yield measures 8.44% with $1,582/mo rent. Return on cash invested shows 24.93% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 129.11% and total cumulative return in cash records $96,297. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,582/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2020
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35203, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,507 (100%) |
| Owner Occupied HU | 364 (14.5%) |
| Renter Occupied HU | 1,505 (60.0%) |
| Vacant Housing Units | 638 (25.4%) |
| Median Home Value | $318,085 |
| Average Home Value | $347,551 |
Housing Distribution
Address Breakdown
Residential
1,819
Single Family
357
Multi-Family
1,462
Businesses
1,578
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Listed by: Lynlee Hughes • ARC Realty Mountain Brook
Mls Name: GALMLS
Mls ID: #21434269