2008 3rd Ave N APT 7ABirminghamAL35203
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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
Rental property for sale in Birmingham at 2008 3rd Ave N APT 7A, Birmingham, AL, 35203 generates $2,203/mo in rent and, after a $1,150/mo payment, leaves $877/mo in cash flow. Total monthly income is $2,203/mo, and annual cash flow is $10,521/yr on $77,903 invested. Return on cash invested sits at 33.41% in year one, and rental yield is 11.25% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 174.56% and total cumulative return in cash sums $135,988. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,203/mo property income rather than buyer’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: Dana Billingsley • ARC Realty Vestavia-Liberty Pk
Mls Name: GALMLS
Mls ID: #21438002