2301 Morris Ave UNIT 311BirminghamAL35203
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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 2301 Morris Ave UNIT 311, Birmingham, AL, 35203 earns $191/mo cash flow from $1,974/mo rent with a $1,546/mo payment. Total monthly income totals $1,974/mo, and annual cash flow totals $2,293/yr on $104,721 capital. ROI tracks 22.1% on current figures, and rental yield reads 7.5% at a $315,900 purchase. Equity gained on principal adds $2,038/yr, and 5% annual appreciation supports $87,277 over five years. Five-year ROI reaches 113.91% and total cumulative return in cash sums $119,292. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,974/mo property income instead of your personal income.
Condo
Built in 1924
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: Michele Burbank • RE/MAX Advantage
Mls Name: GALMLS
Mls ID: #21432430