401 20th St S UNIT 114BirminghamAL35233
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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 401 20th St S UNIT 114, Birmingham, AL, 35233 listed at $182,500 pairs $1,771/mo rent with a $893/mo payment to leave $741/mo cash flow. Total monthly income runs $1,771/mo, and annual cash flow reaches $8,894/yr on $60,499 cash to close. Return on cash invested measures 34.61% in year one, and rental yield registers 11.64% at a $182,500 basis. Equity gained on principal adds $1,178/yr, and annual property appreciation at 5% supports $50,421 by year five. Five-year ROI tracks 181.03% and total cumulative return in cash totals $109,522. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,771/mo property income relative to a $893/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Jamie Oliver • Keller Williams-Jasper
Mls Name: GALMLS
Mls ID: #21414697