304 5th Way, Birmingham, AL 35214

2 beds, 1 bath, 772 sqft
Sold: $6,000
Sold on 01/10/14
Zestimate®: $26,421
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Cash COW with 23 Potential NET ROI This little 2/1 was previously rented at $550, but could easily rent for $600 Vinyl siding, new roof, screened in front porch all less than 2 years old! Has central heat/air. EXTRA large living room w/nice hardwoods! Located in Old Pratt near Historic District on nice quiet street! This home needs VERY minimal repairs Textured ceiling needs to be redone...was applied with NO primer! AC repair, Flooring in bath also, needs redoing. Tile was laid w/o, (or with improperly installed) backerboard/thinset. Tax Value: $34,700 Zestimate: $33,755 Market Rents: $600650 Rehab Est: $3K5K Even at a Rental Rate of $550; you'll get a NET RETURN of over 23 This is assuming overhead costs of 35%. Start earning your Mailbox Money TODAY  MoreLess
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Facts
  • Lot: 6,950 sqft
  • Single Family
  • Built in 1920
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jan 2014 for $6,000
  • Price/sqft: $8
Features
  • Flooring: Hardwood
  • Parking: Off street
Additional Features
  • Cooling System: Central
Appliances Included
  • Dryer
  • Washer
Construction
  • Exterior material: Composition
  • Roof type: Asphalt
  • Room count: 4
  • # Stories: 1.0
  • Unit count: 1
Other
  • Floor size: 772 sqft
  • Last remodel year: 1995
  • Laundry: In Unit
  • Lot depth: 139
  • Lot width: 50
  • Parcel #: 22304012009000RR00
  • Zillow Home ID: 939032
Home Values
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$26,421
-$15,107 Last 30 daysd
$20K
$35K
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$653/mo
+$4 Last 30 daysd
$601
$751
Zestimate range
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Neighborhood for 304 5th Way

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Zillow predicts 35214 home values will rise 0.2% next year, compared to a 2.6% increase for Birmingham as a whole. Among 35214 homes, this home is valued 64.2% less than the midpoint (median) home, and is valued 87.9% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 35214, the number of foreclosures waiting to be sold is 32.8% higher than in Birmingham, and 21.2% greater than the national average. This higher local number may prevent 35214 home values from rising as quickly as other regions in Birmingham.

Learn more about forecast calculations or 35214 home values.
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