401 20th St S Unit 304BirminghamAL35233
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 401 20th St S Unit 304, Birmingham, AL, 35233 in Birmingham is listed at $235,000 and delivers $1,771/mo in rent and $445/mo in net monthly cash flow. The 9.04% yield and 1.68 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $64,926 over five years, and $2,164/yr in principal reduction supplements cash return. Total projected cumulative return: $117,152.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.2% |
| Monthly Cash Flow | $445 | $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 | $1,233 |
| DSCR Ratio | 1.44x |
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: N/A • N/A
Mls Name: GALMLS
Mls ID: #21445520