401 20th Ct NEBirminghamAL35215
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
Investment Highlights
Investment property for sale in Birmingham at 401 20th Ct NE, Birmingham, AL, 35215 uses $33,150 cash to close to unlock $2,232/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $750/mo, and a $489/mo payment keeps the spread at $186/mo. Purchase price stands at $100,000, and rental yield measures 9% with $750/mo rent. Return on cash invested shows 26.64% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 138.22% and total cumulative return in cash records $45,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $750/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35215, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,407 (100%) |
| Owner Occupied HU | 8,913 (45.9%) |
| Renter Occupied HU | 7,980 (41.1%) |
| Vacant Housing Units | 2,514 (13.0%) |
| Median Home Value | $162,989 |
| Average Home Value | $234,141 |
Housing Distribution
Address Breakdown
Residential
19,014
Single Family
15,777
Multi-Family
3,237
Businesses
835
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Steven Koleno • Beycome Brokerage Realty
Mls Name: GALMLS
Mls ID: #21432355