707 Swanson St · Gardendale, AL 35071

$230,000

3 bd · 2.5 ba · 2,386 sqft · SingleFamily public records · 52 Days on market

Built 1955 0.55 ac lot $96/sqft · 35% below area Est $356k · 35% under

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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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +4.6/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Gardendale. Sold as is where is. Cash only. No creative financing offers will be presented.

Key facts

• 0.55 acre lot
• 2 parking spots
• Built 1955

Property features AI

Finance

• Other: Lot size about 0.55 acres; Located in Gardendale subdivision
• Financial info: Down payment assistance available; Monthly garbage fee

Exterior

• Parking: Attached parking; 2 covered carport spaces
• Utilities: Public water; Septic system; Gas water heater; Internet availability unknown
• Home design: Single-family property (existing); Crawl space foundation
• Construction: Vinyl siding
• Exterior features: Covered and open decks; Porch; Storage building; Private storm shelter

Interior

• Kitchen: Eating area; Laminate countertops; Convection oven; Self-cleaning oven; Refrigerator; Some stainless appliances
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms; Separate shower and garden tub in bath; Tub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Cathedral/vaulted ceilings; Handyman special
• Laundry & utility: Laundry room on main level; Washer hookup; Electric dryer hookup; Attic access

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $321 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (3.6% below list).
• Recommended offer: $222k (3.6% below list) — sets the bar for 1% rule.
• Cap rate 8.0% vs local median 5.5% in Gardendale — 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 66/100 on livability (#113 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Gardendale Elementary School (math 20% / reading 56%, grade F, #263 of 627 statewide, top 42%, 677 students, 48% FRL); Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: 97 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 32% of the median local income ($82k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $221,605 (3.6% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 4% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.96% ✗
• Cap rate: 7.97%
• Cash-on-cash: 5.98%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (median comp): $355,972
• List price: $230,000
• Delta: -35.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
459 Gowins Dr	0.48mi	3/2.5	2,356 (-1%)	11mo	$375,000	$159	66
648 Wisteria Way	0.46mi	3/2.5	2,414 (+1%)	12mo	$400,000	$166	66
787 Cluster Springs Rd	0.74mi	4/2.5 (+1)	2,305 (-3%)	1mo	$389,000	$169	54
570 Magnolia Crest Cir	0.60mi	3/2.0	2,491 (+4%)	12mo	$312,000	$125	53
4302 Foxglove Trl	0.50mi	3/2.5	2,555 (+7%)	17mo	$350,000	$137	51
632 Wisteria Way	0.51mi	3/2.5	2,484 (+4%)	24mo	$389,900	$157	49
528 Magnolia Crest Cir	0.57mi	3/2.0	2,040 (-14%)	1mo	$310,000	$152	46
511 Virginia St	0.70mi	4/2.5 (+1)	2,444 (+2%)	18mo	$294,900	$121	44
242 Odum Rd	0.67mi	3/2.0	2,180 (-9%)	12mo	$296,000	$136	42
508 Virginia St	0.67mi	4/3.0 (+1)	2,543 (+7%)	16mo	$283,000	$111	37
118 Cluster Springs Cir	0.69mi	4/2.5 (+1)	2,623 (+10%)	11mo	$349,900	$133	37

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: -7.1%
• Equity multiple: 0.74×
• Total profit: $-16,897
• Equity at exit: $34,294

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $11,340
• Equity at exit: $19,886

Cash invested: $64,400 (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 35071

• Home prices YoY: -21.1%
• Active inventory: 97
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,216 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$128 /mo · $1,534/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$465
• Net cashflow: $321

Break-even live

Break-even rent $1,810

Max offer price $230,000

Occupancy floor 81%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
236 Garrison Rd Gardendale, AL	3.0	2.0	1680	$1,900	$1.13	43d	1	0.70mi
3186 Sayers Rd Fultondale, AL	3.0	2.0	1700	$2,000	$1.18	19d	1	1.09mi

Listing history 15 events

1. 2026-06-19
   status $230,000 Pending 52 DOM
2. 2026-06-18
   days on market $230,000 Active 52 DOM
3. 2026-06-17
   days on market $230,000 Active 51 DOM
4. 2026-06-16
   days on market $230,000 Active 50 DOM
5. 2026-06-15
   days on market $230,000 Active 49 DOM
6. 2026-06-13
   days on market $230,000 Active 47 DOM
7. 2026-06-10
   days on market $230,000 Active 44 DOM
8. 2026-06-09
   days on market $230,000 Active 43 DOM
9. 2026-06-08
   days on market $230,000 Active 42 DOM
10. 2026-06-07
    days on market $230,000 Active 41 DOM
11. 2026-06-03
    days on market $230,000 Active 37 DOM
12. 2026-06-02
    days on market $230,000 Active 36 DOM
13. 2026-06-01
    days on market $230,000 Active 35 DOM
14. 2026-05-31
    days on market $230,000 Active 34 DOM
15. 2026-04-27
    listed $230,000 Active 91-char remark

ⓘ 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: $1,534 · $128/mo
• Projected year-2 tax: $1,534 · $128/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,593
• − Mortgage interest: −$12,884
• − Property taxes: −$1,534
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,127
• − Management: −$2,127
• − Depreciation: −$6,691
• Taxable income: $80
• Est. tax owed @ 24.0%: −$19
• After-tax cash flow: $3,832/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Gardendale

• Score: 66/100
• State rank: #113
• US rank: #12225

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gardendale, AL
• County: Jefferson County · 527,445 people
• City population: 17,288
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 17,288
• Household income: $82,074
• Rent vs Own: 22.5% rent · 77.5% own
• Severe rent burden: 151.0

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 White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 4% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

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: ▼ -55.29%
• Current HPI: 206.7447
• Rent YoY: —
• 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

2 events — show timeline

• 2026-06-18 Pending — Greater Alabama MLS
• 2026-04-27 Listed $230,000 Greater Alabama MLS

Property tax history

+7.9%/yr

Latest (2025): $1,534 · +14.4% YoY. Source: county tax records.