2222 2nd Ave N UNIT 206BirminghamAL35203
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 2222 2nd Ave N UNIT 206, Birmingham, AL, 35203 uses $99,417 cash to close to unlock $5,749/yr annual cash flow and $479/mo monthly cash flow. Total monthly income runs $2,172/mo, and a $1,468/mo payment keeps the spread at $479/mo. Purchase price stands at $299,900, and rental yield measures 8.69% with $2,172/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 133.18% and total cumulative return in cash records $132,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,172/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Condo
Built in 1963
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurel McKissack • ARC Realty Mountain Brook
Mls Name: GALMLS
Mls ID: #21434175