2226 1st Ave S APT 202BirminghamAL35233
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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 2226 1st Ave S APT 202, Birmingham, AL, 35233 offers a 7.16% rental yield on a $400,000 purchase with $2,387/mo rent. Total monthly income registers $2,387/mo, and a $1,958/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,548/yr on $132,600 to close, and return on cash invested stands at 21.08% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 108.38% and total cumulative return in cash at $143,716. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,387/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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
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Listed by: Suzanne Jones • LAH Sotheby's International Realty Homewood
Mls Name: GALMLS
Mls ID: #21426324