Top 10 Birmingham Zillow Investment Listings Ranked by Cash-on-Cash Return
Ten Birmingham rental listings from Zillow ranked by cash-on-cash return. Foreclosures, sub-$120K SFRs, and condos with Realy metrics and investor notes.
These ten listings were pulled from Birmingham Zillow markets (35214, 35211, 35215, 35210, 35234, 35209, 35208, 35206) and ranked by cash-on-cash return (CoC) using Realy’s Chrome extension, sorted by highest CoC first.
All ten listings show positive CoC under lean assumptions. Foreclosures lead. Two Skyview Dr condos fill the mid-pack. Insurance, vacancy, and rehab are modeled at $0.
This is a screening list, not a buy list.
Calculation Assumptions Used
| Input | Setting |
|---|---|
| Down payment | 20% · Closing 1% · Rate 6.5% · 30Y fixed |
| Property taxes | 2% of sale value |
| Insurance, vacancy, maintenance, HOA | $0 (add your quotes) |
| Rent | Zillow Rent Zestimate |
See cash-on-cash formula and NOI guide.
At-a-Glance Ranking
| # | Address | Price | Beds/Baths | CoC | Cap Rate | Mo. CF | Rent/mo |
|---|---|---|---|---|---|---|---|
| 1 | 924 6th Way | $59,900 | 3 / 1 | 78.3% | 22.5% | $820 | $1,223 |
| 2 | 2925 Steiner Ct SW | $84,000 | 5 / 4 | 78.0% | 22.5% | $1,147 | $1,712 |
| 3 | 309 Glynn Dr | $65,000 | 3 / 2 | 77.9% | 22.4% | $886 | $1,323 |
| 4 | 731 Hagbush Rd | $71,000 | 2 / 1 | 69.3% | 20.6% | $861 | $1,338 |
| 5 | 1341 33rd St N | $120,000 | 3 / 3 | 63.0% | 19.3% | $1,322 | $2,129 |
| 6 | 418 Skyview Dr E | $74,000 | 2 / 1 | 53.6% | 17.3% | $694 | $1,192 |
| 7 | 2121 47th Pl | $90,000 | 3 / 2 | 53.4% | 17.3% | $841 | $1,446 |
| 8 | 2712 30th St W | $68,000 | 3 / 1 | 52.9% | 17.2% | $630 | $1,087 |
| 9 | 406 Skyview Dr APT K | $74,000 | 2 / 1 | 52.0% | 17.0% | $673 | $1,171 |
| 10 | 9001 Belvoir Dr | $69,900 | 3 / 1 | 52.0% | 17.0% | $636 | $1,106 |
#1: 924 6th Way, Birmingham AL 35214
Single family · 3 bed / 1 bath · 1,192 sqft · $59,900
| Metric | Value |
|---|---|
| Cash-on-cash | 78.3% |
| Cap rate | 22.5% |
| Monthly cash flow | $820 |
| Total cash down | $12,579 |
Why it ranks #1: Sub-$60K west Birmingham SFR with a $1,223/mo Rent Zestimate.
Investor notes: Bank-owned foreclosure. 26 days on market. Title and condition diligence required before treating CoC as real.
#2: 2925 Steiner Ct SW, Birmingham AL 35211
Single family · 5 bed / 4 bath · 2,571 sqft · $84,000
| Metric | Value |
|---|---|
| Cash-on-cash | 78.0% |
| Cap rate | 22.5% |
| Monthly cash flow | $1,147 |
Investor notes: Foreclosure. Large five-bed / four-bath footprint at a low ask. 236 days on Zillow. Long DOM usually signals condition. Confirm rehab scope before underwriting rent.
#3: 309 Glynn Dr, Birmingham AL 35215
Single family · 3 bed / 2 bath · 1,265 sqft · $65,000
| Metric | Value |
|---|---|
| Cash-on-cash | 77.9% |
| Cap rate | 22.4% |
| Monthly cash flow | $886 |
Investor notes: Bank-owned foreclosure. Center Point / 35215. 146 days on market. Title and condition first.
#4: 731 Hagbush Rd, Birmingham AL 35210
Single family · 2 bed / 1 bath · 1,072 sqft · $71,000
| Metric | Value |
|---|---|
| Cash-on-cash | 69.3% |
| Cap rate | 20.6% |
| Monthly cash flow | $861 |
Investor notes: First conventional (non-foreclosure) listing on this screen. 177 days on Zillow. Inspect hard. Confirm comps in 35210.
#5: 1341 33rd St N, Birmingham AL 35234
Single family · 3 bed / 3 bath · 2,540 sqft · $120,000
| Metric | Value |
|---|---|
| Cash-on-cash | 63.0% |
| Cap rate | 19.3% |
| Monthly cash flow | $1,322 |
Investor notes: Brand-new listing. North Birmingham. Highest rent on this screen. Zestimate ~$166K. Confirm condition and comps.
#6: 418 Skyview Dr E, Birmingham AL 35209
Condo · 2 bed / 1 bath · 924 sqft · $74,000
| Metric | Value |
|---|---|
| Cash-on-cash | 53.6% |
| Cap rate | 17.3% |
| Monthly cash flow | $694 |
Investor notes: $11,000 price cut (Jul 22). Homewood-edge condo. Confirm HOA and rental caps. 8 days on market.
#7: 2121 47th Pl, Birmingham AL 35208
Single family · 3 bed / 2 bath · 1,948 sqft · $90,000
| Metric | Value |
|---|---|
| Cash-on-cash | 53.4% |
| Cap rate | 17.3% |
| Monthly cash flow | $841 |
Investor notes: $10,000 price cut (May 31). West End. 166 days on market. Confirm condition.
#8: 2712 30th St W, Birmingham AL 35208
Single family · 3 bed / 1 bath · 1,701 sqft · $68,000
| Metric | Value |
|---|---|
| Cash-on-cash | 52.9% |
| Cap rate | 17.2% |
| Monthly cash flow | $630 |
Investor notes: West End again. 126 days on market. One-bath three-bed. Confirm comps and rehab needs.
#9: 406 Skyview Dr APT K, Birmingham AL 35209
Condo · 2 bed / 1 bath · 924 sqft · $74,000
| Metric | Value |
|---|---|
| Cash-on-cash | 52.0% |
| Cap rate | 17.0% |
| Monthly cash flow | $673 |
Investor notes: Twin Skyview condo profile to #6. $6,000 price cut (Jul 20). 111 days on market. HOA will reshape cash flow.
#10: 9001 Belvoir Dr, Birmingham AL 35206
Single family · 3 bed / 1 bath · 999 sqft · $69,900
| Metric | Value |
|---|---|
| Cash-on-cash | 52.0% |
| Cap rate | 17.0% |
| Monthly cash flow | $636 |
Investor notes: Foreclosure. East Birmingham / 35206. 7 days on market. Title and condition diligence required. Thinnest CoC on this screen once insurance is added.
Birmingham Patterns
| Pattern | Takeaway |
|---|---|
| Foreclosure-heavy top | #1–#3 and #10 need title process clarity |
| Conventional mid-pack | #4, #5, #7, #8 are clearer standard screens |
| Skyview condo cluster | #6 and #9 share the same complex. HOA is the swing factor |
| Long DOM | Several mid-pack rows have 100+ days. Inspect hard |
Screen Birmingham in Realy
- Install Realy
- Search Birmingham, AL
- Sort by cash-on-cash in the analyzer
Related: First rental checklist · Cash-on-cash formula
Found this useful?
Share it with an investor friend or teammate.