705 5th Ave · Midfield, AL 35228

$81,000

3 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 13 Days on market

Built 1948 6,969 sqft lot Est $82k · at est.

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.0/15.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.7/10.0

Listing remarks

Great 4 bed 1 bath house in need of some TLC.

Key facts

• 6,969 sq ft lot
• Built 1948
• Listed 13 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $81k.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $81k).
• Cap rate 12.7% vs local median 10.0% in Midfield — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 64/100 on livability (#164 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F, employment F, health & safety F.
• Midfield City (suburban): math 2% / reading 14% proficiency, ranked #126 of 129 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Midfield Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 390 students, 84% FRL); Rutledge School (math 0% / reading 15%, grade F, #241 of 257 statewide, top 95%, 315 students, 92% FRL); Midfield High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 340 students, 87% FRL).
• Market conditions: Rents soft (-1.5%/yr); 88 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $560 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $23k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $81,000

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.50% ✓
• Cap rate: 12.70%
• Cash-on-cash: 22.87%
• DSCR: 2.02
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $81,984
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
812 7th Ave	0.13mi	3/2.0	1,319 (-2%)	7mo	$179,000	$136	81
1010 7th Ave	0.21mi	3/2.0	1,321 (-2%)	11mo	$57,000	$43	74
703 11th Ave	0.38mi	4/1.0 (+1)	1,302 (-3%)	1mo	$80,000	$61	71
503 8th Ave	0.23mi	3/2.0	1,218 (-9%)	0mo	$75,000	$62	69
1120 9th Ave	0.41mi	3/1.0	1,437 (+7%)	1mo	$72,900	$51	68
617 8th Ave	0.19mi	4/2.0 (+1)	1,436 (+7%)	3mo	$85,000	$59	68
1221 Carol Cir	0.52mi	3/1.0	1,200 (-11%)	2mo	$75,000	$63	56
716 Westfield Dr	0.35mi	3/1.5	1,541 (+15%)	10mo	$155,000	$101	49
916 Oakview Cir	0.53mi	3/1.0	1,150 (-14%)	9mo	$62,000	$54	44
1117 Carol Cir	0.50mi	4/1.5 (+1)	1,504 (+12%)	8mo	$45,000	$30	43
5209 Mcclain St	0.74mi	2/1.0 (-1)	1,217 (-9%)	12mo	$25,000	$21	35
1545 Carol Cir	0.74mi	3/1.5	1,184 (-12%)	11mo	$85,000	$72	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.48×
• Total profit: $10,848
• Equity at exit: $12,077

10-year hold

• IRR: 19.0%
• Equity multiple: 2.37×
• Total profit: $31,161
• Equity at exit: $7,003

Cash invested: $22,680 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Alabama: 90 Strongly Landlord-Friendly · R+15
• County: — inherits STATE
• City: — inherits STATE

Right-to-evict in 7 days for non-payment; no rent control; preempted statewide; courts move quickly.

Methodology + full state rankings →

ZIP-level market 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 88
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,211 high
• Mortgage (P&I): −$425
• Tax from tax record: −$66 /mo · $792/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $432

Break-even live

Break-even rent $664

Max offer price $81,000

Occupancy floor 59%

Sensitivity live

Price	-10% $478	-5% $455	+0% $432	+5% $409	+10% $386
Rent	-10% $337	-5% $384	+0% $432	+5% $480	+10% $528
Rate	-1.0pp $473	-0.5pp $453	base $432	+0.5pp $411	+1.0pp $390

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $20,250
• Closing costs: $2,430
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	22d	1	0.08mi
801 Rutledge Dr Birmingham, AL	4.0	2.0	1808	$1,600	$0.88	3d	1	0.09mi
616 Rutledge Dr Birmingham, AL	3.0	1.0	1416	$1,095	$0.77	22d	1	0.12mi
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	3d	1	0.20mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	45d	1	0.33mi
603 11th Ave Birmingham, AL	3.0	1.0	1289	$1,100	$0.85	45d	1	0.40mi
806 12th Ave Birmingham, AL	3.0	1.0	1262	$1,075	$0.85	45d	1	0.44mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	4d	1	0.53mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	3d	1	0.53mi
1401 9th Ave Birmingham, AL	3.0	2.0	1222	$1,200	$0.98	45d	1	0.54mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	3d	1	0.61mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	45d	1	0.69mi
1206 15th St Birmingham, AL	3.0	1.0	1600	$950	$0.59	45d	1	0.70mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	13d	1	0.70mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	12d	1	0.70mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	4d	1	0.70mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	12d	1	0.70mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	12d	1	0.70mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	12d	1	0.70mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	12d	1	0.70mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	4d	1	0.70mi
832 Alden Ave Birmingham, AL	4.0	2.0	1231	$1,150	$0.93	25d	1	0.72mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	45d	1	0.74mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	16d	1	0.82mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	45d	1	0.84mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	45d	1	0.84mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	45d	1	0.86mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	25d	1	0.86mi
1565 Miles St Dolomite, AL	3.0	2.0	1120	$1,175	$1.05	17d	1	1.08mi
200 Woodward Dr Bessemer, AL	3.0	1.0	900	$1,123	$1.25	3d	1	1.18mi
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	45d	1	1.30mi
216 Pine St Bessemer, AL	3.0	2.0	1000	$1,200	$1.20	45d	1	1.30mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	4d	1	1.35mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	25d	1	1.40mi
1254 Lewis St Brighton, AL	3.0	1.0	1200	$850	$0.71	45d	1	1.48mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	45d	1	1.50mi

Listing history 4 events

1. 2026-04-07
   soldstatus $110,000
2. 2025-02-02
   status Pending
3. 2025-01-20
   listed $81,000 Active
4. 2019-03-14
   soldstatus $79,999

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast AL · Resets to sale price

• Current annual tax: $792 · $66/mo
• Projected year-2 tax: $792 · $66/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 6 d/yr ≥108°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,532
• − Mortgage interest: −$4,537
• − Property taxes: −$792
• − Insurance: −$405
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − Depreciation: −$2,356
• Taxable income: $4,116
• Est. tax owed @ 24.0%: −$988
• After-tax cash flow: $4,198/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Midfield City
• NCES district ID: 0102350
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $39,267
• Composite: 6.89/100
• National rank: #9978
• State rank: #126 of 129 in AL

Livability — Midfield

• Score: 64/100
• State rank: #164
• US rank: #14536

Category grades

Amenities F Commute A+ Cost of living A+ Crime B- Employment F Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midfield, AL
• County: Jefferson County · 527,445 people
• City population: 10,216
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• Metro: Birmingham-Hoover, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+37.5% since first listed

4 events — show timeline

• 2026-04-07 Sold (Public Records) $110,000 Public Records
• 2025-02-02 Pending — Greater Alabama MLS
• 2025-01-20 Listed $81,000 Greater Alabama MLS
• 2019-03-14 Sold (Public Records) $79,999 Public Records

Property tax history

+2.8%/yr

Latest (2025): $792 · -20.0% YoY. Source: county tax records.