1440 Freda Dr · Midfield, AL 35228

$149,900

5 bd · 3.5 ba · 2,016 sqft · SingleFamily public records · 9 Days on market

Built 2005 8,712 sqft lot Est $131k · 14% over

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Why this score? — see what drove the D+ 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 +22.4/30.0
• DSCR +7.2/10.0
• 1% rule +6.3/10.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• ARV discount +1.0/15.0
• Schools +0.7/10.0

Listing remarks MLS

Spacious 5 bedroom 3 bath home.

Key facts

• 8,712 sq ft lot
• Garage
• Built 2005

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Attached garage with front entry; One garage space
• Utilities: Public water; Gas and electric water heater options
• Home design: Existing structure; Siding vinyl exterior
• Construction: Slab foundation
• Exterior features: Not waterfront; No pool; No patio; No garden/patio; No decks

Interior

• Kitchen: Solid surface countertops; Gas cooktop; Gas oven; Built-in dishwasher; Refrigerator
• Bedrooms: Bedroom on main level; Multiple bedrooms on upper level
• Flooring: Carpet; Hardwood laminate
• Bathrooms: Three full bathrooms; Tub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings noted as other (see remarks); No additional interior features listed
• Laundry & utility: Laundry available on main and upper levels; Washer hookup provided; Dryer hookups for electric and gas

What this means for you Summary

Snapshot

• This is a 5-bed/3.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).

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); Midfield High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 340 students, 87% FRL) — zoned schools at 86% FRL track the district average.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 40% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $4k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 11y 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.

Risks & watch-outs

• 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 $149,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.13% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.13%
• DSCR: 1.32
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $131,040
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1452 Freda Dr	0.05mi	5/2.0	2,196 (+9%)	14mo	$130,000	$59	65
4900 W Letson St	0.38mi	4/2.5 (-1)	1,940 (-4%)	13mo	$136,000	$70	56
3728 Council Ave	0.39mi	4/2.0 (-1)	2,192 (+9%)	17mo	$58,000	$26	42
1020 Hillandale Dr	0.69mi	4/2.0 (-1)	2,281 (+13%)	24mo	$148,455	$65	15

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: -8.9%
• Equity multiple: 0.68×
• Total profit: $-13,305
• Equity at exit: $22,351

10-year hold

• IRR: -4.2%
• Equity multiple: 0.76×
• Total profit: $-10,066
• Equity at exit: $12,961

Cash invested: $41,972 (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: 87
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,693 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$239 /mo · $2,873/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $249

Break-even live

Break-even rent $1,377

Max offer price $149,900

Occupancy floor 80%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	2d	1	0.55mi
801 Rutledge Dr Birmingham, AL	4.0	2.0	1808	$1,600	$0.88	2d	1	0.77mi

Listing history 9 events

1. 2026-04-10
   status Pending
2. 2026-04-10
   historical Contingent
3. 2026-04-01
   listed $149,900 Active
4. 2016-07-13
   soldstatus $1,545,500
5. 2016-07-13
   soldstatus $11,504,600
6. 2015-12-07
   soldstatus $58,000
7. 2015-12-01
   soldstatus $58,000 Sold 31-char remark

   Show marketing remark (31 chars)

   Spacious 5 bedroom 3 bath home.

8. 2015-10-30
   listed Contingent 31-char remark

   Show marketing remark (31 chars)

   Spacious 5 bedroom 3 bath home.

9. 2000-09-25
   soldstatus $68,500

ⓘ 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: $2,873 · $239/mo
• Projected year-2 tax: $2,873 · $239/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,315
• − Mortgage interest: −$8,397
• − Property taxes: −$2,873
• − Insurance: −$750
• − Repairs & maintenance: −$1,625
• − Management: −$1,625
• − Depreciation: −$4,361
• Taxable income: $685
• Est. tax owed @ 24.0%: −$164
• After-tax cash flow: $2,829/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

+118.8% since first listed

9 events — show timeline

• 2026-04-10 Pending — Greater Alabama MLS
• 2026-04-10 Contingent — Greater Alabama MLS
• 2026-04-01 Listed $149,900 Greater Alabama MLS
• 2016-07-13 Sold (Public Records) $11,504,600 Public Records
• 2016-07-13 Sold (Public Records) $1,545,500 Public Records
• 2015-12-07 Sold (Public Records) $58,000 Public Records
• 2015-12-01 Sold (MLS) $58,000 Greater Alabama MLS
• 2015-10-30 Listed — Greater Alabama MLS
• 2000-09-25 Sold (Public Records) $68,500 Public Records

Property tax history

+9.3%/yr

Latest (2025): $2,873 · -1.3% YoY. Source: county tax records.