2324 26th St WBirminghamAL35208
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThis is a cash-flow-light asset: 2324 26th St W, Birmingham, AL, 35208 in Birmingham, $188,900, 7.84% gross yield, $158/mo net income. Consider it a market-entry position, the $1,235/mo rent covers the $849/mo payment with a margin, and 5%/yr appreciation is projected to add $52,190 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.45) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $81,434.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.2% |
| Monthly Cash Flow | $158 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,235 |
| Total Monthly Debt Service | $1,001 |
| DSCR Ratio | 1.23x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1959
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1959
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Demers • Sell Your Home Services
Mls Name: GALMLS
Mls Provider:
Mls ID: #21407939
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.