1537 18th St SW, Birmingham, AL 35211, USA
Excellent
94/100This is an excellent deal — priced below the local market with healthy equity after repairs. The fundamentals line up well across the board.
- 79% below area price per sqft
- $414k potential equity (232%)
- $2,157/mo positive cash flow
- 20.61% cap rate
- Established neighborhood (80/100)
- No major red flags detected
Price vs. Market
ARV Assessment
Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $445k and $573k. The subject's 1,878 sqft and 3bd/1ba layout supports a midpoint estimate of $512k.
2 more details
Property presents in full gut condition. Estimated rehab of $8k covers structural, mechanical, and full interior.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: moderate.
Rental Income
The Birmingham rental market shows soft demand. Median area rent is $1,044/mo with a 18% vacancy rate.
2 more details
Comparable 3bd units nearby rent for $2,820–$3,370. At $3,060/mo the gross yield is 37.47% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
Financing Calculator
Neighborhood Profile
City Population
Get alerts for deals like this in Birmingham
We'll email you when matching off-market deals hit Offa's marketplace.
Similar Off-Market Deals Nearby
Full details available on Offa's marketplace.
