2024 2nd Ave N UNIT 402BirminghamAL35203
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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 2024 2nd Ave N UNIT 402, Birmingham, AL, 35203 generates $2,189/mo in rent and, after a $1,245/mo payment, leaves $313/mo in cash flow. Total monthly income is $2,189/mo, and annual cash flow is $3,759/yr on $84,334 invested. Return on cash invested sits at 24.37% in year one, and rental yield is 10.33% on a $254,400 entry. Equity gained on principal adds $1,642/yr, while 5% annual appreciation builds toward $70,286 over five years. Five-year ROI reaches 128.35% and total cumulative return in cash sums $108,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,189/mo property income rather than buyer’s personal income.
Condo
Built in 1913
N/A lot
$N/A/sqft
$377 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: N/A • N/A
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