2015 1st Ave N UNIT 3ABirminghamAL35203
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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 2015 1st Ave N UNIT 3A, Birmingham, AL, 35203 uses $99,450 cash to close to unlock $720/yr annual cash flow and $60/mo monthly cash flow. Total monthly income runs $1,753/mo, and a $1,468/mo payment keeps the spread at $60/mo. Purchase price stands at $299,999, and rental yield measures 7.01% with $1,753/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 106% and total cumulative return in cash records $105,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,753/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1887
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: Betsy Reamer • Ray & Poynor Properties
Mls Name: GALMLS
Mls ID: #21439878