5608 Avenue K · Lipscomb, AL 35020

$129,900

3 bd · 1.0 ba · 2,036 sqft · SingleFamily public records · 128 Days on market

Built 1940 0.50 ac lot Est $181k · 28% 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 +24.8/30.0
• ARV discount +15.0/15.0
• DSCR +8.0/10.0
• 1% rule +5.5/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks

Move-in ready and flexible. 3 bedrooms plus a true bonus room. Use it as a 4th bedroom, office, or guest space. Hardwood floors throughout. Pine and cedar walls add natural character. 300 sq ft family room for gatherings, media, or future expansion. Half-acre lot with a fenced backyard. Freshly painted exterior. Separate laundry room. NEW ROOF, August 2025. Priced to sell. 100% financing available. Schedule your showing today.

Key facts

• Bonus room
• Fenced backyard
• Hardwood floors

Tags

• BONUS ROOM
• HARDWOOD FLOORS
• FENCED BACKYARD
• SEPARATE LAUNDRY ROOM
• NEW ROOF

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Driveway parking; One carport space
• Utilities: Public water; Connected sewer; Gas water heater
• Home design: Existing single-family residence; Tri-level/split-level features not present; Entry level: main level living spaces; Subdivision: Bessemer
• Construction: Wood siding exterior; Crawl space foundation
• Exterior features: Fenced yard; Garden/patio area; No pool; Not waterfront

Interior

• Kitchen: Gas cooktop; Solid surface countertops; Breakfast room adjacent to kitchen
• Bedrooms: Three bedrooms on main level
• Flooring: Hardwood floors; Tile floors
• Bathrooms: Two full bathrooms; Bathrooms include tub/shower combo and linen closet
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Two gas fireplaces with brick surrounds in the living room and family room; Solid surface kitchen countertops; Has attic with pull-down access; No special interior features listed
• Laundry & utility: Main-level laundry; Washer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#76 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, commute A+, cost of living A+; Watch: amenities F, employment 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: Mcadory Elementary School (math 14% / reading 40%, grade F, #392 of 627 statewide, top 65%, 667 students, 61% FRL); Mcadory High School (math 8% / reading 17%, grade F, #237 of 305 statewide, top 78%, 1,162 students, 72% FRL) — zoned schools average 67% FRL vs 49% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents falling (-3.1%/yr); 115 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• At $1,366/mo this rent would consume 46% of the median local household income ($35k/yr) (locally 1001% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 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

• It's been on market 128 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $130k implies a 246% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 37% 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 $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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.
7. 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.
8. 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: 1.05% ✓
• Cap rate: 8.83%
• Cash-on-cash: 9.06%
• DSCR: 1.40
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $181,204
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5908 7th St S	0.06mi	4/2.5 (+1)	1,871 (-8%)	6mo	$248,000	$133	68
6205 10th St S	0.25mi	3/2.0	1,790 (-12%)	13mo	$160,000	$89	54
6117 Alice Ave	0.72mi	4/1.0 (+1)	1,792 (-12%)	5mo	$29,900	$17	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.79×
• Total profit: $-7,603
• Equity at exit: $19,369

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $277
• Equity at exit: $11,231

Cash invested: $36,372 (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 35020

• Home prices YoY: -24.2%
• Rents YoY: -3.1%
• Active inventory: 115
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,366 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$69 /mo · $830/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $275

Break-even live

Break-even rent $1,018

Max offer price $129,900

Occupancy floor 75%

Sensitivity live

Price	-10% $348	-5% $311	+0% $275	+5% $238	+10% $201
Rent	-10% $167	-5% $221	+0% $275	+5% $329	+10% $382
Rate	-1.0pp $340	-0.5pp $308	base $275	+0.5pp $241	+1.0pp $207

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5606 Avenue K Bessemer, AL	4.0	2.0	1940	$1,300	$0.67	4d	1	0.01mi
3225 4th Ave N Bessemer, AL	3.0	2.0	1486	$1,300	$0.87	24d	1	1.17mi

Listing history 11 events

1. 2026-06-18
   days on market $129,900 Active 128 DOM
2. 2026-06-17
   days on market $129,900 Active 127 DOM
3. 2026-06-16
   days on market $129,900 Active 126 DOM
4. 2026-06-15
   days on market $129,900 Active 125 DOM
5. 2026-06-13
   statusdays on market $129,900 Active 123 DOM
6. 2026-05-31
   days on market $129,900 Contingent 120 DOM
7. 2026-03-16
   historical Contingent
8. 2026-01-31
   listed $129,900 Active
9. 2025-08-12
   price $145,000
10. 1988-02-05
    soldstatus $37,500
11. 1987-08-01
    soldstatus $37,500

ⓘ 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: $830 · $69/mo
• Projected year-2 tax: $830 · $69/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 37% 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: $16,391
• − Mortgage interest: −$7,276
• − Property taxes: −$830
• − Insurance: −$650
• − Repairs & maintenance: −$1,311
• − Management: −$1,311
• − Depreciation: −$3,779
• Taxable income: $1,233
• Est. tax owed @ 24.0%: −$296
• After-tax cash flow: $2,999/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 — Lipscomb

• Score: 67/100
• State rank: #76
• US rank: #10121

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lipscomb, AL
• County: Jefferson County · 527,445 people
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 24,892
• Household income: $35,362
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1001.0

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 (74%)
• Race & ethnicity: Black 74% Hispanic / Latino 13% White 11% Two or more races 6%
• Hispanic origin (detail): Mexican 10%
• Foreign-born: 5% · Canada
• Languages at home: 89% English-only · Spanish 11%

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: ▼ -57.54%
• Current HPI: 179.7702
• Rent YoY: ▼ -3.12%
• 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

+246.4% since first listed

5 events — show timeline

• 2026-03-16 Contingent — Greater Alabama MLS
• 2026-01-31 Listed $129,900 Greater Alabama MLS
• 2025-08-12 Price Changed $145,000 Greater Alabama MLS
• 1988-02-05 Sold (Public Records) $37,500 Public Records
• 1987-08-01 Sold (Public Records) $37,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $830 · +0.0% YoY. Source: county tax records.