2008 3rd Ave N UNIT 7CBirminghamAL35203
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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 7C, Birmingham, AL, 35203 listed at $244,500 pairs $2,386/mo rent with a $1,197/mo payment to leave $1,006/mo cash flow. Total monthly income runs $2,386/mo, and annual cash flow reaches $12,067/yr on $81,052 cash to close. Return on cash invested measures 34.8% in year one, and rental yield registers 11.71% at a $244,500 basis. Equity gained on principal adds $1,578/yr, and annual property appreciation at 5% supports $67,551 by year five. Five-year ROI tracks 181.99% and total cumulative return in cash totals $147,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,386/mo property income relative to a $1,197/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: Ashley Deforest • Keller Williams Homewood
Mls Name: GALMLS
Mls ID: #21424633