2020 5th Ave S APT 437BirminghamAL35233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2020 5th Ave S APT 437, Birmingham, AL, 35233 uses $79,527 cash to close to unlock $7,459/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $2,243/mo, and a $1,174/mo payment keeps the spread at $622/mo. Purchase price stands at $239,900, and rental yield measures 11.22% with $2,243/mo rent. Return on cash invested shows 29.29% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 153.92% and total cumulative return in cash records $122,407. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,243/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35233, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,056 (100%) |
| Owner Occupied HU | 118 ( 3.9%) |
| Renter Occupied HU | 2,614 (85.5%) |
| Vacant Housing Units | 324 (10.6%) |
| Median Home Value | $338,095 |
| Average Home Value | $327,813 |
Housing Distribution
Address Breakdown
Residential
2,535
Single Family
1,452
Multi-Family
1,083
Businesses
740
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Williams • Keller Williams Trussville
Mls Name: GALMLS
Mls Provider:
Mls ID: #21408922
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.