2323 2nd Ave S #1CBirminghamAL35233
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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
Total monthly income runs $1,771/mo, and a $1,957/mo payment. Purchase price stands at $399,900, and rental yield measures 5.31% with $1,771/mo rent. Return on cash invested shows 15.51% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 78.57% and total cumulative return in cash records $104,156. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,771/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Condo
Built in 2022
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: Guy Bradley • LAH Sotheby's International Realty Homewood
Mls Name: GALMLS
Mls ID: #21436778