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Updated over 6 years ago on . Most recent reply

Jared Skillicorn's profile image
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Jared Skillicorn
  • Rental Property Investor
  • from Bountiful, UT
  • Member since Jun 20, 2016
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Jared Skillicorn's profile image
Jared Skillicorn's profile image
Jared Skillicorn
  • Rental Property Investor
  • from Bountiful, UT
  • Member since Jun 20, 2016
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Jared Skillicorn
  • Rental Property Investor
  • Bountiful, UT
8
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23
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Birmingham Real Estate Forum

Looking at cap rates in Birmingham, AL 35204

Jared Skillicorn
  • Rental Property Investor
  • Bountiful, UT
Posted

Hey BP, I am looking at several areas in the Birmingham market and was hoping for a little insight on cap rates there. One zip code I am focusing on is 35204. Does anyone happen to know what average cap rates are at right now in that area?

Birmingham, Alabama
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Mark Byers's profile image
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Mark Byers
  • Property Manager
  • from Birmingham, AL
  • Member since Jan 28, 2015
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Mark Byers
  • Property Manager
  • from Birmingham, AL
  • Member since Jan 28, 2015
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Mark Byers
  • Property Manager
  • Birmingham, AL
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Mark Byers
  • Property Manager
  • Birmingham, AL
Replied

IMO, overall, 35204 is not a good zip code to be looking in especially from out of state. There’s not really a neat and tidy answer to your question. There are some ok areas in this zip and some really bad areas. I’d recommend you come look at Birmingham/the neighborhoods in person before you start buying in these kinds of areas.

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