2008 3rd Ave N APT 4BBirminghamAL35203
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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 2008 3rd Ave N APT 4B, Birmingham, AL, 35203 uses $62,952 cash to close to unlock $6,281/yr annual cash flow and $523/mo monthly cash flow. Total monthly income runs $1,642/mo, and a $929/mo payment keeps the spread at $523/mo. Purchase price stands at $189,900, and rental yield measures 10.38% with $1,642/mo rent. Return on cash invested shows 29.89% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 155.99% and total cumulative return in cash records $98,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,642/mo property income covering a $929/mo payment rather than investor’s personal income.
Condo
Built in 1925
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: Bradley Franklin • Keller Williams Realty Vestavia
Mls Name: GALMLS
Mls Provider:
Mls ID: #21419019
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.