2226 1st Ave S APT 207BirminghamAL35233
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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 207, Birmingham, AL, 35233 offers a 6.71% rental yield on a $339,000 purchase with $1,895/mo rent. 34% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 99.21% and total cumulative return in cash at $111,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,895/mo property income against a $1,659/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: Chase Horton • Real Broker LLC
Mls Name: GALMLS
Mls Provider:
Mls ID: #21415495
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.