6007 2nd Ave NBirminghamAL35212
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 6007 2nd Ave N, Birmingham, AL, 35212 offers a 10.78% rental yield on a $139,000 purchase with $1,249/mo rent. Total monthly income registers $1,249/mo, and a $680/mo payment leaves $465/mo available for distribution. Annual cash flow reaches $5,577/yr on $46,079 to close, and return on cash invested stands at 32.01% in year one. Equity gained on principal adds $897/yr while 5% annual appreciation supports $38,403 over five years. Portfolio math shows five-year ROI at 167.05% and total cumulative return in cash at $76,976. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,249/mo property income against a $680/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35212, Birmingham, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,683 (100%) |
| Owner Occupied HU | 2,041 (35.9%) |
| Renter Occupied HU | 2,632 (46.3%) |
| Vacant Housing Units | 1,010 (17.8%) |
| Median Home Value | $270,215 |
| Average Home Value | $271,862 |
Housing Distribution
Address Breakdown
Residential
4,762
Single Family
4,162
Multi-Family
600
Businesses
333
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandi Brooks • Milestone Realty
Mls Name: GALMLS
Mls ID: #21441210