Birmingham Alabama Investment Property

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Birmingham Alabama Investment Property
Rental Income Protection for Investment Property


 Roebuck Dr, Birmingham, 35215  [AWB]
8 Photos
Home for sale: Roebuck Dr, Birmingham, AL
   
Purchase Price: $84,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $895
Bedrooms: 3 Property Tax: $94
Bathrooms: 1.5 Insurance/HOA: $42
Size: (sq ft) 1,298  Property Mgmt: $81
Price/Sq foot:  $65 Cash Flow: (Raw) $678
Year Built: 1956 Cap Rate: 9.6%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.7

This 3 beds and 1.5 bath is located in Center Point. It is less than a mile from Huffman Middle School, a mile from Martha Gaskins Elementary and just over a mile from Huffman High School. Easy access to Roebuck Parkway, Gadsden Highway and I-59. 

 16th Court Cir NE (Center Point), Birmingham, 35215  [AWB]
8 Photos
Home for sale: 16th Court Cir NE (Center Point), Birmingham, AL
   
Purchase Price: $82,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $40
Size: (sq ft) 900  Property Mgmt: $79
Price/Sq foot:  $92 Cash Flow: (Raw) $670
Year Built: 1961 Cap Rate: 9.7%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7

This 3 beds and 1 bath home is in Center Point. Located off Polly Reed Road. About 2 miles from Center Point Elementary School. Easy access to Center Point Parkway and I-59.

 Avocado Dr (Forestdale), Birmingham, 35214  [AWB]
1 Photo
Home for sale: Avocado Dr (Forestdale), Birmingham, AL
   
Purchase Price: $102,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,050
Bedrooms: 3 Property Tax: $86
Bathrooms: 1.5 Insurance/HOA: $48
Size: (sq ft) 1,097  Property Mgmt: $95
Price/Sq foot:  $94 Cash Flow: (Raw) $822
Year Built: 1967 Cap Rate: 9.6%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: A– DealGrader™: 7.6

This 3/1.5 split level home is in Forestdale. It's 2 miles from South Hampton Elementary School. Easy access to Forestdale Blvd and I-20/59. Pictures to come.

 Pentland Dr (Clay), Birmingham, 35235  [AWB]
1 Photo
Home for sale: Pentland Dr (Clay), Birmingham, AL
   
Purchase Price: $112,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,095
Bedrooms: 3 Property Tax: $103
Bathrooms: 2 Insurance/HOA: $54
Size: (sq ft) 2,017  Property Mgmt: $99
Price/Sq foot:  $56 Cash Flow: (Raw) $839
Year Built: 1982 Cap Rate: 8.9%
Parking: 1 ATT Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.5

This 3 beds and 2 bath home is located in Pinson/Grayson Valley. It has hardwood and carpet throughout. Zoned Clay-Chalkville Schools. Easy access to Old Springville Road and I-59.

 Belmar Dr, Birmingham, 35215  [NRE]
6 Photos
Home for sale: Belmar Dr, Birmingham, AL
   
Purchase Price: $60,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $695
Bedrooms: 3 Property Tax: $92
Bathrooms: 1 Insurance/HOA: $57
Size: (sq ft) 993  Property Mgmt: $63
Price/Sq foot:  $60 Cash Flow: (Raw) $483
Year Built: 1956 Cap Rate: 9.7%
Parking: 1 ATT Rent/Value Ratio: 1.2%
Neighborhood: A– DealGrader™: 7.7

This is a 3 bedroom and 1 bath home is located in Penfield Park and features central gas heat, electric water heater and a central cooling system.  The hardwood floors have been refinished, and the cabinets have all been freshly painted.

 16th Ave NW (Center Point), Birmingham, 35215  [NRE]
12 Photos
Home for sale: 16th Ave NW (Center Point), Birmingham, AL
   
Purchase Price: $70,000 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $800
Bedrooms: 3 Property Tax: $99
Bathrooms: 1.5 Insurance/HOA: $59
Size: (sq ft) 1,363  Property Mgmt: $64
Price/Sq foot:  $51 Cash Flow: (Raw) $578
Year Built: 1957 Cap Rate: 9.9%
Parking: 1 ATT Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.8

This is 3 bedroom and 1.5 bath home, located in Center Point. It features electric water heater, gas heat, and central cooling system. The living area has hardwood flooring and is comprised of a living room. Additional flooring in the home is hardwood in the bedrooms and tile in the bathrooms and kitchen.

 Linwood St (Center Point), Birmingham, 35215  [AWB]
1 Photo
Home for sale: Linwood St (Center Point), Birmingham, AL
   
Purchase Price: $73,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $825
Bedrooms: 3 Property Tax: $78
Bathrooms: 1 Insurance/HOA: $38
Size: (sq ft) 1,255  Property Mgmt: $83
Price/Sq foot:  $59 Cash Flow: (Raw) $627
Year Built: 1955 Cap Rate: 10.2%
Parking: 2 ATT Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.8
This 3 bed and 1 bath is in Center Point. Located less than a mile from Smith Middle School. Easy access to Five Mile Road, Center Point Parkway.
 Terr NW (Center Point), Birmingham, 35215  [AWB]
1 Photo
Home for sale: Terr NW (Center Point), Birmingham, AL
   
Purchase Price: $81,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $78
Bathrooms: 1 Insurance/HOA: $38
Size: (sq ft) 1,050  Property Mgmt: $79
Price/Sq foot:  $78 Cash Flow: (Raw) $680
Year Built: 1959 Cap Rate: 10.0%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B– DealGrader™: 7.7

This ranch style property is in Center Point. Located across the street from Center Point Elementary. Easy access to Center Point Parkway.

 5th Pl (Center Point), Birmingham, 35215  [AWB]
1 Photo
Home for sale: 5th Pl (Center Point), Birmingham, AL
   
Purchase Price: $82,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $38
Size: (sq ft) 1,012  Property Mgmt: $79
Price/Sq foot:  $82 Cash Flow: (Raw) $672
Year Built: 1956 Cap Rate: 9.7%
Parking: 2 ATT Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7

This 3 bed and 1 bath property is located in Center Point. Easy access to Center Point Parkway. Located half a mile from T R Wright Middle School.

 Sunset Dr, Birmingham, 35215  [AWB]
1 Photo
Home for sale: Sunset Dr, Birmingham, AL
   
Purchase Price: $82,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $875
Bedrooms: 3 Property Tax: $69
Bathrooms: 1 Insurance/HOA: $69
Size: (sq ft) 1,056  Property Mgmt: $96
Price/Sq foot:  $79 Cash Flow: (Raw) $641
Year Built: 1952 Cap Rate: 9.3%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.6

This 3 bed and 1 bath is in Center Point. Located a mile from Smith Middle School, Huffman Middle School and Martha Gaskins Elementary. Easy access to Roebuck Parkway, Gadsden Highway and I-59.

 19th Street SW, Birmingham, 35211  [DEC]
19 Photos
Home for sale: 19th Street SW, Birmingham, AL
   
Purchase Price: $44,700 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $650
Bedrooms: 2 Property Tax: $67
Bathrooms: 1 Insurance/HOA: $65
Size: (sq ft) 969  Property Mgmt: $65
Price/Sq foot:  $46 Cash Flow: (Raw) $453
Year Built: 1950 Cap Rate: 12.2%
Parking: 0 Rent/Value Ratio: 1.5%
Neighborhood: B DealGrader™: 8.2

Great investment - fully rehabbed property.

 16th Pl SW, Birmingham, 35211  [DEC]
17 Photos
Home for sale: 16th Pl SW, Birmingham, AL
   
Purchase Price: $54,300 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $750
Bedrooms: 3 Property Tax: $49
Bathrooms: 1 Insurance/HOA: $75
Size: (sq ft) 841  Property Mgmt: $75
Price/Sq foot:  $65 Cash Flow: (Raw) $551
Year Built: 1960 Cap Rate: 12.2%
Parking: 1 ATT Rent/Value Ratio: 1.4%
Neighborhood: B+ DealGrader™: 8.1
Perfect home for an investment. Move in condition.
 Cathwick Dr ( McCalla), Birmingham, 35111  [AWB]
1 Photo
Home for sale: Cathwick Dr ( McCalla), Birmingham, AL
   
Purchase Price: $134,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,350
Bedrooms: 2 Property Tax: $169
Bathrooms: 2 Insurance/HOA: $70
Size: (sq ft) 1,374  Property Mgmt: $135
Price/Sq foot:  $98 Cash Flow: (Raw) $976
Year Built: 2006 Cap Rate: 8.7%
Parking: 2 ATT Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.5

This 2 bed and 2 bath brick garden home is located in McCalla. It is walking distance of McAdory High School and Middle School. 


 Flint Hill Rd (Bessemer), Birmingham, 35022  [AWB]
1 Photo
Home for sale: Flint Hill Rd (Bessemer), Birmingham, AL
   
Purchase Price: $129,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $1,195
Bedrooms: 3 Property Tax: $119
Bathrooms: 2 Insurance/HOA: $58
Size: (sq ft) 1,122  Property Mgmt: $120
Price/Sq foot:  $116 Cash Flow: (Raw) $899
Year Built: 1995 Cap Rate: 8.3%
Parking: 1 ATT Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 7.4
 This single 3 bed and 2 bath garden home is located in Bessemer. Hardwood floors throughout. Nearby schools are Bessemer City High, Westhills Elementary and McAdory High. 




 Elm St. (Bessemer), Birmingham, 35022  [AWB]
1 Photo
Home for sale: Elm St. (Bessemer), Birmingham, AL
   
Purchase Price: $86,900 Rental Income:Rental Income shows the actual lease amount when property is leased; otherwise it is the target lease rate. $900
Bedrooms: 3 Property Tax: $69
Bathrooms: 2 Insurance/HOA: $46
Size: (sq ft) 1,014  Property Mgmt: $90
Price/Sq foot:  $86 Cash Flow: (Raw) $695
Year Built: 1968 Cap Rate: 9.6%
Parking: 2 ATT Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.7

This 3 bed and 2 bath property is in Bessemer. It is located less than a mile from Bessemer City Middle School.


More Properties Coming Soon!

Overview


Birmingham is a relatively large city located in the state of Alabama. With a population of 212,113 people and 74 constituent neighborhoods, Birmingham is the largest community in Alabama.

Birmingham is neither predominantly blue-collar nor white-collar, instead having a mixed workforce of both blue-collar and white-collar jobs. Overall, Birmingham is a city of sales and office workers, service providers and professionals. There are especially a lot of people living in Birmingham who work in office and administrative support (15.66%), sales jobs (10.39%) and food service (6.95%).

One thing noticeable about Birmingham, although not a huge city, is that it has a large population of people who are young, single, educated, and upwardly-mobile career starters. That’s because Birmingham is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Birmingham a pretty good place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun.

Birmingham Information and Demographics

The citizens of Birmingham are slightly better educated than the national average of 21.84% for all cities and towns, with 21.47% of adults in Birmingham having a bachelor's degree or advanced degree.

The per capita income in Birmingham in 2010 was $19,615, which is middle income relative to Alabama, and lower middle income relative to the rest of the US. This equates to an annual income of $78,460 for a family of four. However, Birmingham contains both very wealthy and poor people as well.

Birmingham is a very ethnically-diverse city. The people who call Birmingham home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Birmingham residents report their race to be Black or African-American, followed by White. Important ancestries of people in Birmingham include English and Irish.

The most common language spoken in Birmingham is English. Some people also speak Spanish.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated are deemed reliable but not guaranteed.

Price Forecast for Birmingham, AL  (MSA)
7.1% 10.6% 14.1% 17.5%
Next 24 Months Next 36 Months Next 48 Months Next 60 Months

Metropolitan Statistical Area (MSA) represents the current U.S. defined sampling area or region for reporting data to various local and state governments.  MSAs may cross county and state lines to form a qualified statistical region.

Median Price Trends — Birmingham, AL
Market Inventory Trends — Birmingham, AL
Average Days on Market — Birmingham, AL
Market Action Index — Birmingham, AL

Information by realestate.com and altosresearch.com are deemed reliable but not guaranteed.

Historical Rental Rates — Birmingham, AL
Chart Temporarily Unavailable

The chart above shows average housing rental rates.  Twelve month historic rental rates are based on rental data for the market in each month.

Neighborhood and valuation information by Realtor.com. Information deemed reliable but not guaranteed.

Additional Statistics for Birmingham, AL
87,280 25,509 36 20 minutes
Number of Homes Homes
with Children
Median Age Average
Commute Time
Unemployment Rate Trends — Birmingham, AL
Unemployment Rate Trends - Birmingham, Alabama
            Birmingham, Alabama, National.   (Recessions shown as gray bars.)
Total Employment Trends — Birmingham, AL
Total Employment - Birmingham, Alabama
            CPS - Current Population Survey,  CES - Current Employment Statistics.
Real Median Household Income Trends — Birmingham, AL
Real Median Household Income Trends - Birmingham, Alabama
            Birmingham, Alabama, National.
Home Rent-to-Mortgage Payment Ratio — Birmingham, AL
Home Rent-to-Mortgage Payment Ratio - Birmingham, Alabama

The rent-to-mortgage payment ratio uses the adjusted market rent against a 100% loan-to-value mortgage (30-year fixed) for the median price home using MLS sales statistics.  A ratio of 1.0 means that annual rent is equivalent to annual mortgage payments.  Values less than 1.0 indicate rents are cheaper, and values greater than 1.0 mean mortgage payments are cheaper.  (Note: taxes are not considered here.)

The rent-to-mortgage payment ratio for Birmingham was 0.82 in March 2014.

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau deemed reliable but not guaranteed.


Basic Purchase Information

Property Value  (est.) $
Purchase Price $
Down Payment  (%) $
Equity at Purchase $

Mortgage Calculation

Interest Rate (%)
Down Payment (%)
Loan Term (Fixed)
Loan Amount: $, Loan Term: yrs, Interest Rate: %
Loan Amount $
Annual Payment $
Monthly Payment $

Cash to Purchase

Down Payment  (%) $
Closing Costs  (%) $
Total Cash Required $
 
    Numbers in blue boxes can be modified.
    Calculations under all tabs update in real-time.
 
 

Calculation Assumptions

Rental Income (mo.) $
Property Taxes $
Insurance (est.) $
Homeowners Assoc. $
Management Fee (%)
Maintenance Reserve (%)
Appreciation Rate (%)
Vacancy Allowance (%)
Rental Income Increase (%)
Property Tax Increase (%)
Closing Costs (Buy) (%)
Closing Costs (Sell) (%)

Cash Flow and Equity Accumulation

CASH FLOW YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Gross Scheduled Income
  less Vacancy Allowance
Total Operating Income
                 
Property Taxes
Insurance (est.)
Homeowners Association
Maintenance Reserve
Property Management
Total Operating Expenses
                 
Net Operating Income (NOI)
  less Mortgage Expense
ANNUAL CASH FLOW
MONTHLY CASH FLOW
                 
TAX BENEFITS YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Depreciation
Mortgage Interest
                 
EQUITY ACCUMULATION YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Property Value
  less Mortgage Balance
EQUITY (WEALTH)
                 
FINANCIAL PERFORMANCE YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 10 YEAR 20 YEAR 30
Capitalization (Cap) Rate
Cash on Cash Return (COC)
Return on Investment (ROI)
Internal Rate of Return (IRR)


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