401 20th St S UNIT 114BirminghamAL35233
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 401 20th St S UNIT 114, Birmingham, AL, 35233 in Birmingham deserves attention. This $182,500 property earns $1,771/mo in rent, a 11.65% gross yield, and nets $741/mo after the $821/mo payment. DSCR 2.16 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $50,421 compounds alongside $1,681/yr in yearly equity build, for a total cumulative return of $116,472.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 7.2% |
| Monthly Cash Flow | $741 | $450 |
City averages based on Birmingham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,771 |
| Total Monthly Debt Service | $958 |
| DSCR Ratio | 1.85x |
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.
Condo
Built in 2007
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
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
Condo
Built in 2007
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jamie Oliver • Keller Williams-Jasper
Mls Name: GALMLS
Mls ID: #21414697