2308 18th StBirminghamAL35208
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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 2308 18th St, Birmingham, AL, 35208 earns $256/mo cash flow from $1,306/mo rent with a $881/mo payment. Total monthly income totals $1,306/mo, and annual cash flow totals $3,077/yr on $59,670 capital. ROI tracks 25.07% on current figures, and rental yield reads 8.71% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 130.08% and total cumulative return in cash sums $77,621. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,306/mo property income instead of your personal income.
Multi Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35208, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,803 (100%) |
| Owner Occupied HU | 2,766 (40.7%) |
| Renter Occupied HU | 2,770 (40.7%) |
| Vacant Housing Units | 1,267 (18.6%) |
| Median Home Value | $88,646 |
| Average Home Value | $199,797 |
Housing Distribution
Address Breakdown
Residential
5,760
Single Family
5,555
Multi-Family
205
Businesses
459
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Listed by: Phil Dorn • Jemison Realty Company 1
Mls Name: GALMLS
Mls Provider:
Mls ID: #21430336
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.