2142 15th Ave SBirminghamAL35205
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
Rental property for sale in Birmingham at 2142 15th Ave S, Birmingham, AL, 35205 generates $3,264/mo in rent and, after a $2,203/mo payment, leaves $660/mo in cash flow. Total monthly income is $3,264/mo, and annual cash flow is $7,917/yr on $149,175 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 8.7% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 130.77% and total cumulative return in cash sums $195,078. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,264/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35205, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,646 (100%) |
| Owner Occupied HU | 2,695 (23.1%) |
| Renter Occupied HU | 7,001 (60.1%) |
| Vacant Housing Units | 1,950 (16.7%) |
| Median Home Value | $365,353 |
| Average Home Value | $470,767 |
Housing Distribution
Address Breakdown
Residential
11,221
Single Family
5,821
Multi-Family
5,400
Businesses
803
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Grostick • Real Broker LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21430004
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.