2015 1st Ave N #2FBirminghamAL35203
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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 2015 1st Ave N #2F, Birmingham, AL, 35203 generates $1,097/mo in rent and, after a $808/mo payment, leaves $60/mo in cash flow. Total monthly income is $1,097/mo, and annual cash flow is $716/yr on $54,698 invested. Return on cash invested sits at 21.22% in year one, and rental yield is 7.98% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 110% and total cumulative return in cash sums $60,167. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,097/mo property income rather than buyer’s personal income.
Condo
Built in 1887
N/A lot
$N/A/sqft
$83 monthly 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: Ben Styes • Keller Williams Trussville
Mls Name: GALMLS
Mls Provider:
Mls ID: #21421098
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.