1537 18th St SW, Birmingham, AL, USA
Fair
56/100Workable exit — resell near $290k for about $166k profit (169.3% margin) after costs. Slow demand, ~84 days on market.
- 169.3% profit margin after costs
- $166k projected profit
- Slow buyer demand in this market
- ~84 days on market — long hold
Price vs. Market
ARV Assessment
Based on 5 recent sales within 0.5 miles, comparable condo homes of similar size traded between $249k and $319k. The subject's 2,054 sqft and 8bd/3ba layout supports a midpoint estimate of $290k.
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Property presents in full gut condition. Estimated rehab of $6k covers structural, mechanical, and full interior.
Sales-comparison approach weighted by recency, proximity, and price-per-sqft, adjusted for condition and lot. Confidence: high.
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 8bd units nearby rent for $1,870–$2,230. At $2,030/mo the gross yield is 24.86% of the purchase price.
Rent estimated from active and leased comps adjusted for size, condition, and submarket trends.
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