2020 5th Ave S UNIT 444BirminghamAL35233
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 UNIT 444, Birmingham, AL, 35233 uses $76,245 cash to close to unlock $5,972/yr annual cash flow and $498/mo monthly cash flow. Total monthly income runs $1,842/mo, and a $1,126/mo payment keeps the spread at $498/mo. Purchase price stands at $230,000, and rental yield measures 9.61% with $1,842/mo rent. Return on cash invested shows 27.74% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 144.4% and total cumulative return in cash records $110,095. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,842/mo property income covering a $1,126/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: Amy Shader • Shader Realty
Mls Name: GALMLS
Mls Provider:
Mls ID: #21417469
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.