4727 6th Ave · Birmingham, AL 35224

$78,000

3 bd · 1.0 ba · 1,440 sqft · SingleFamily public records · 61 Days on market

Built 1925 5,662 sqft lot $54/sqft · 8% above area Est $72k · 8% over

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Why this score? — see what drove the C+ 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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +4.0/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! 3 bed 1 bath currently rented with Section 8.20 Plus additional properties available for investor portfolio.

Key facts

• Tile flooring
• Modern vanity
• Updated bathroom

Tags

• ORIGINAL HARDWOOD FLOORS
• UPDATED BATHROOM
• TILE FLOORING
• MODERN VANITY
• LAUNDRY HOOKUPS

Property features AI

Finance

• Other: Parcel ID: 30-00-02-1-007-008.000; Subdivision: WYLAM; Lot size about 0.13 acre
• Financial info: Has down payment assistance
• HOA & community: No association fee; Fire fee included; Garbage fee included

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing home; Siding: Vinyl
• Construction: Crawl space foundation
• Exterior features: No pool, patio, deck, or garden/patio; Not waterfront; Flood plain: No

Interior

• Kitchen: Laminate countertops
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: One full bathroom (tub/shower combo)
• Heating & cooling: Electric heating; Electric cooling
• Interior features: Smooth ceilings; One wood-burning fireplace with brick surround in the family room; Attic present
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on main level in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $366 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $73k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.9% vs local median 6.2% in Birmingham — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#78 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities C-, crime F, employment F.
• Birmingham City (urban): math 4% / reading 20% proficiency, ranked #116 of 129 in AL (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 82% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wylam Elementary School (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 371 students, 89% FRL).
• Market conditions: 43 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $539 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 + 3.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $38k; list at $78k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,320 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.47% ✓
• Cap rate: 11.92%
• Cash-on-cash: 20.08%
• DSCR: 1.89
• GRM: 5.7

CMA / ARV

• ARV (median comp): $72,383
• List price: $78,000
• Delta: 7.76%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
401 Lexington St	0.18mi	3/1.0	1,410 (-2%)	12mo	$60,000	$43	78
405 Nevada St	0.22mi	4/1.5 (+1)	1,500 (+4%)	10mo	$55,000	$37	68
4201 10th Ave	0.52mi	3/1.0	1,344 (-7%)	1mo	$70,000	$52	64
5223 Loop Rd	0.41mi	3/1.0	1,392 (-3%)	15mo	$76,500	$55	63
4300 6th Ave	0.37mi	3/1.0	1,380 (-4%)	16mo	$36,000	$26	63
304 Lexington St	0.25mi	3/1.0	1,334 (-7%)	20mo	$42,000	$31	59
1312 Gulfport St	0.65mi	3/1.5	1,376 (-4%)	11mo	$67,500	$49	51
1216 Portland St	0.54mi	3/1.0	1,351 (-6%)	19mo	$121,000	$90	48
1232 Frisco St	0.64mi	4/2.0 (+1)	1,332 (-8%)	7mo	$90,000	$68	43
1233 Gulfport St	0.61mi	3/2.0	1,300 (-10%)	21mo	$123,000	$95	34
1226 Frisco St	0.63mi	4/2.0 (+1)	1,232 (-14%)	8mo	$113,700	$92	31
1301 Frisco St	0.69mi	3/1.0	1,650 (+15%)	16mo	$105,894	$64	31

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.3%
• Equity multiple: 1.49×
• Total profit: $10,661
• Equity at exit: $11,630

10-year hold

• IRR: 21.2%
• Equity multiple: 2.80×
• Total profit: $39,339
• Equity at exit: $6,744

Cash invested: $21,840 (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 35224

• Home prices YoY: -16.2%
• Active inventory: 43
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,148 high
• Mortgage (P&I): −$409
• Tax from tax record: −$100 /mo · $1,202/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $366

Break-even live

Break-even rent $686

Max offer price $78,000

Occupancy floor 63%

Sensitivity live

Price	-10% $410	-5% $388	+0% $366	+5% $343	+10% $321
Rent	-10% $275	-5% $320	+0% $366	+5% $411	+10% $456
Rate	-1.0pp $405	-0.5pp $385	base $366	+0.5pp $345	+1.0pp $325

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: $19,500
• Closing costs: $2,340
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
604 Lexington St Birmingham, AL	3.0	1.5	993	$1,200	$1.21	45d	1	0.04mi
4623 6th Ave Birmingham, AL	3.0	1.0	1421	$1,175	$0.83	13d	1	0.07mi
761 Crowne Rd Birmingham, AL	3.0	2.0	1068	$1,200	$1.12	3d	1	0.13mi
528 Oregon St Birmingham, AL	3.0	1.0	1165	$1,200	$1.03	45d	1	0.30mi
304 Nevada St Birmingham, AL	3.0	1.0	1160	$1,200	$1.03	45d	1	0.31mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	17d	1	0.36mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	16d	1	0.36mi
538 Gulfport St Birmingham, AL	3.0	1.0	1036	$850	$0.82	45d	1	0.36mi
5223 Loop Rd Birmingham, AL	3.0	1.0	1392	$1,100	$0.79	45d	1	0.42mi
1226 Frisco St Birmingham, AL	4.0	2.0	1232	$1,245	$1.01	13d	1	0.62mi
1300 Gulfport St Birmingham, AL	3.0	2.0	1778	$1,200	$0.67	45d	1	0.62mi
1221 Frisco St Birmingham, AL	2.0	1.0	934	$950	$1.02	45d	1	0.63mi
1232 Frisco St Birmingham, AL	4.0	2.0	1332	$1,295	$0.97	3d	1	0.63mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	45d	1	0.63mi
1312 Gulfport St Birmingham, AL	3.0	1.5	1376	$1,100	$0.80	45d	1	0.65mi
3015 Avenue C Unit C Birmingham, AL	2.0	1.0	1000	$825	$0.82	45d	1	1.15mi
3011 Avenue D Birmingham, AL	2.0	1.0	1000	$795	$0.80	45d	1	1.15mi
3201 Avenue E Birmingham, AL	3.0	1.0	1056	$925	$0.88	45d	1	1.24mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	45d	1	1.26mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	45d	1	1.27mi
521 41st St Fairfield, AL	4.0	2.0	1800	$1,300	$0.72	45d	1	1.30mi
3212 Avenue G Unit G Ensley, AL	2.0	1.0	902	$850	$0.94	45d	1	1.35mi
2711 Avenue E Birmingham, AL	2.0	1.0	1560	$800	$0.51	45d	1	1.37mi
504 Templeton Rd Birmingham, AL	3.0	2.0	1508	$950	$0.63	5d	1	1.38mi
4800 Norway Ave Birmingham, AL	3.0	1.0	1080	$1,200	$1.11	3d	1	1.40mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	45d	1	1.45mi

Listing history 20 events

1. 2026-06-21
   days on market $78,000 Active 61 DOM
2. 2026-06-18
   days on market $78,000 Active 58 DOM
3. 2026-06-17
   days on market $78,000 Active 57 DOM
4. 2026-06-16
   days on market $78,000 Active 56 DOM
5. 2026-06-15
   days on market $78,000 Active 55 DOM
6. 2026-06-13
   days on market $78,000 Active 53 DOM
7. 2026-06-10
   days on market $78,000 Active 50 DOM
8. 2026-06-09
   days on market $78,000 Active 49 DOM
9. 2026-06-08
   days on market $78,000 Active 48 DOM
10. 2026-06-07
    days on market $78,000 Active 47 DOM
11. 2026-06-03
    days on market $78,000 Active 43 DOM
12. 2026-06-02
    days on market $78,000 Active 42 DOM
13. 2026-06-01
    days on market $78,000 Active 41 DOM
14. 2026-05-31
    days on market $78,000 Active 40 DOM
15. 2026-04-21
    listed $78,000 Active 573-char remark
16. 2021-09-07
    soldstatus $38,500 Sold 126-char remark

    Show marketing remark (126 chars)

    Investor Special! 3 bed 1 bath currently rented with Section 8.20 Plus additional properties available for investor portfolio.

17. 2021-08-28
    historical 126-char remark

    Show marketing remark (126 chars)

    Investor Special! 3 bed 1 bath currently rented with Section 8.20 Plus additional properties available for investor portfolio.

18. 2021-08-09
    listed $40,000 Active 126-char remark

    Show marketing remark (126 chars)

    Investor Special! 3 bed 1 bath currently rented with Section 8.20 Plus additional properties available for investor portfolio.

19. 1999-09-07
    soldstatus $25,000
20. 1992-03-27
    soldstatus $24,000

ⓘ 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: $1,202 · $100/mo
• Projected year-2 tax: $1,202 · $100/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 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: $13,781
• − Mortgage interest: −$4,369
• − Property taxes: −$1,202
• − Insurance: −$390
• − Repairs & maintenance: −$1,102
• − Management: −$1,102
• − Depreciation: −$2,269
• Taxable income: $3,346
• Est. tax owed @ 24.0%: −$803
• After-tax cash flow: $3,584/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: Birmingham City
• NCES district ID: 0100390
• Math proficiency: 4% ▼ -17.00%
• Reading proficiency: 20% ▼ -4.00%
• Median HH income: $31,988
• Composite: 9.49/100
• National rank: #9850
• State rank: #116 of 129 in AL

Livability — Birmingham

• Score: 67/100
• State rank: #78
• US rank: #10412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Birmingham, AL
• City population: 210,422
• Population (ZIP): 5,409

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 (69%)
• Race & ethnicity: Black 69% White 22% Two or more races 5% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 0%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -24.47%
• Current HPI: 126.3423
• Rent YoY: —
• Metro: —
• 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

+225.0% since first listed

6 events — show timeline

• 2026-04-21 Listed $78,000 Greater Alabama MLS
• 2021-09-07 Sold (MLS) $38,500 Greater Alabama MLS
• 2021-08-28 Delisted — Greater Alabama MLS
• 2021-08-09 Listed $40,000 Greater Alabama MLS
• 1999-09-07 Sold (Public Records) $25,000 Public Records
• 1992-03-27 Sold (Public Records) $24,000 Public Records

Property tax history

+4.4%/yr

Latest (2025): $1,202 · +0.0% YoY. Source: county tax records.