2008 3rd Ave N UNIT 10ABirminghamAL35203
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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 UNIT 10A, Birmingham, AL, 35203 listed at $232,500 pairs $2,010/mo rent with a $1,138/mo payment to leave $698/mo cash flow. Total monthly income runs $2,010/mo, and annual cash flow reaches $8,371/yr on $77,074 cash to close. Return on cash invested measures 30.77% in year one, and rental yield registers 10.37% at a $232,500 basis. Equity gained on principal adds $1,500/yr, and annual property appreciation at 5% supports $64,235 by year five. Five-year ROI tracks 160.4% and total cumulative return in cash totals $123,624. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,010/mo property income relative to a $1,138/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Jena Standard • Keller Williams Homewood
Mls Name: GALMLS
Mls ID: #21441002