2212 Morris Ave #323BirminghamAL35203
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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 2212 Morris Ave #323, Birmingham, AL, 35203 offers a 7.01% rental yield on a $322,000 purchase with $1,880/mo rent. Total monthly income registers $1,880/mo, and a $1,576/mo payment leaves $63/mo available for distribution. Annual cash flow reaches $750/yr on $106,743 to close, and return on cash invested stands at 20.61% in year one. Equity gained on principal adds $2,078/yr while 5% annual appreciation supports $88,963 over five years. Portfolio math shows five-year ROI at 105.91% and total cumulative return in cash at $113,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,880/mo property income against a $1,576/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2021
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: John Holley • LAH Sotheby's International Re
Mls Name: GALMLS
Mls Provider:
Mls ID: #21422583
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.