Birmingham Alabama Investment Property

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Birmingham Alabama Investment Property
Stated Income Loans for Investment Property


 Flagstone Lane (Calera), Birmingham, 35040  [AWB]
1 Photo
Home for sale: Flagstone Lane (Calera), Birmingham, AL
   
Purchase Price: $111,900 Rental Income: $1,100
Bedrooms: 3 Property Tax: $93
Bathrooms: 2 Insurance/HOA: $105
Size: (sq ft) 1,924  Property Mgmt: $110
Price/Sq foot:  $58 Cash Flow: (Raw) $792
Year Built: 2002 Cap Rate: 8.5%
Parking: Rent/Value Ratio: 1.0%
Neighborhood: A DealGrader™: 7.5
Adorable 3 bedroom, 2 bath garden home in Calera.  This home has easy access to I-65 and HWY 31.
 Argonne Dr, Birmingham, 35215  [AWB]
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Home for sale: Argonne Dr, Birmingham, AL
   
Purchase Price: $82,900 Rental Income: $900
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $69
Size: (sq ft) 920  Property Mgmt: $90
Price/Sq foot:  $90 Cash Flow: (Raw) $655
Year Built: 1966 Cap Rate: 9.5%
Parking: Street Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 7.7
Newly rehabbed brick ranch home in Center Point offering easy access to Center Point Parkway and I-59.
 Woodland Hills Dr (Tuscaloosa), Birmingham, 35405  [AWB]
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Home for sale: Woodland Hills Dr (Tuscaloosa), Birmingham, AL
   
Purchase Price: $136,900 Rental Income: $1,275
Bedrooms: 3 Property Tax: $143
Bathrooms: 2 Insurance/HOA: $114
Size: (sq ft) 2,148  Property Mgmt: $128
Price/Sq foot:  $64 Cash Flow: (Raw) $891
Year Built: 1961 Cap Rate: 7.8%
Parking: 2 Att Rent/Value Ratio: 0.9%
Neighborhood: B– DealGrader™: 7.4
Large 3 bedroom 2 bath home located in Tuscaloosa! Great opportunity!
 Oakwood St, Birmingham, 35215  [NRE]
1 Photo
Home for sale: Oakwood St, Birmingham, AL
   
Purchase Price: $74,900 Rental Income: $850
Bedrooms: 3 Property Tax: $104
Bathrooms: 2 Insurance/HOA: $47
Size: (sq ft) 1,302  Property Mgmt: $85
Price/Sq foot:  $58 Cash Flow: (Raw) $614
Year Built: 1962 Cap Rate: 9.8%
Parking: Street Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 7.7
Great Investment opportunity!   This amazing ranch style home was renovated in 2016. 
 7th Ave (Pleasant Grove), Birmingham, 35127  [AWB]
2 Photos
Home for sale: 7th Ave (Pleasant Grove), Birmingham, AL
   
Purchase Price: $129,900 Rental Income: $1,200
Bedrooms: 3 Property Tax: $136
Bathrooms: 2 Insurance/HOA: $108
Size: (sq ft) 1,400  Property Mgmt: $120
Price/Sq foot:  $93 Cash Flow: (Raw) $836
Year Built: 2012 Cap Rate: 7.7%
Parking: Street Rent/Value Ratio: 0.9%
Neighborhood: A– DealGrader™: 7.4
Beautiful home in Pleasant Grove!  Featuring hardwood floors, wrap around porch and more!
 Wheeler Circle (Bessemer), Birmingham, 35020  [AWB]
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Home for sale: Wheeler Circle (Bessemer), Birmingham, AL
   
Purchase Price: $89,900 Rental Income: $900
Bedrooms: 3 Property Tax: $75
Bathrooms: 2 Insurance/HOA: $75
Size: (sq ft) 1,120  Property Mgmt: $90
Price/Sq foot:  $80 Cash Flow: (Raw) $660
Year Built: 2003 Cap Rate: 8.8%
Parking: Street Rent/Value Ratio: 1.0%
Neighborhood: B+ DealGrader™: 6.5
Adorable 3 bedroom 2 bath home located in Bessemer!
 Pinecreek Loop (Bessemer), Birmingham, 35022  [AWB]
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Home for sale: Pinecreek Loop (Bessemer), Birmingham, AL
   
Purchase Price: $123,900 Rental Income: $1,150
Bedrooms: 3 Property Tax: $129
Bathrooms: 2 Insurance/HOA: $103
Size: (sq ft) 1,278  Property Mgmt: $115
Price/Sq foot:  $97 Cash Flow: (Raw) $803
Year Built: 2007 Cap Rate: 7.8%
Parking: Street Rent/Value Ratio: 0.9%
Neighborhood: B+ DealGrader™: 6.4
Large beautiful home with almost 1300 Sq Ft in the Bessemer area.
 2nd Street Northeast (Center Point), Birmingham, 35215  [AWB]
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Home for sale: 2nd Street Northeast (Center Point), Birmingham, AL
   
Purchase Price: $82,900 Rental Income: $885
Bedrooms: 3 Property Tax: $86
Bathrooms: 1 Insurance/HOA: $69
Size: (sq ft) 1,272  Property Mgmt: $89
Price/Sq foot:  $65 Cash Flow: (Raw) $642
Year Built: 1954 Cap Rate: 9.3%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B DealGrader™: 6.6
Lovely Center Point home featuring a bright open kitchen!
 Robinson Drive, Birmingham, 35215  [AWB]
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Home for sale: Robinson Drive, Birmingham, AL
   
Purchase Price: $79,900 Rental Income: $875
Bedrooms: 3 Property Tax: $110
Bathrooms: 3 Insurance/HOA: $67
Size: (sq ft) 1,227  Property Mgmt: $88
Price/Sq foot:  $65 Cash Flow: (Raw) $611
Year Built: 1956 Cap Rate: 9.2%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 6.6
This affordable property is waiting for the right investor.
 Orchid Road, Birmingham, 35215  [AWB]
1 Photo
Home for sale: Orchid Road, Birmingham, AL
   
Purchase Price: $82,900 Rental Income: $925
Bedrooms: 3 Property Tax: $107
Bathrooms: 2 Insurance/HOA: $72
Size: (sq ft) 1,682  Property Mgmt: $93
Price/Sq foot:  $49 Cash Flow: (Raw) $654
Year Built: 1955 Cap Rate: 9.5%
Parking: Rent/Value Ratio: 1.1%
Neighborhood: B+ DealGrader™: 6.7
Lovely home in Birmingham with almost 1700 Sq Ft!

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 $
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
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)


Note: Google's Street View images may be as much as two years old.





Please contact us for neighborhood specific information and demographics.

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