3815 Banks St · Brighton, AL 35020

$89,000

3 bd · 1.0 ba · 1,328 sqft · SingleFamily public records · 138 Days on market

Built 1900 6,098 sqft lot $67/sqft · 66% above area

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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 +8.2/10.0
• ARV discount +7.5/15.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Rent growth +1.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Property located at 3815 Banks Street is totally remodeled with new roof new electrical new Plumbing new flooring granite countertops all new paint interior exterior and a big fenced in yard the property will have appliances installed with a full price offer. Once the property goes under contract all electrical and water will be cut on for inspections. Property is a corner unit and located very close to downtown and easy to get to Great neighborhood and one of the many that have been totally remodeled property can go 100% financing.

Key facts

• New plumbing
• Totally remodeled
• New flooring

Tags

• TOTALLY REMODELED
• NEW ROOF
• NEW ELECTRICAL
• NEW PLUMBING
• NEW FLOORING
• GRANITE COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $399 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#459 in AL) — a working-class tenant base; expect higher turnover. Strengths: commute A+, cost of living A+, housing B; Watch: schools F, crime F, amenities 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.
• Market conditions: Rents falling (-3.1%/yr); 115 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 40% of the median local income ($35k/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 $615 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 138 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $28k; list at $89k implies a 218% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — 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 $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 138 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 1900 — 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: 1.32% ✓
• Cap rate: 11.68%
• Cash-on-cash: 19.22%
• DSCR: 1.86
• GRM: 6.3

CMA / ARV

• ARV (median comp): $53,613
• List price: $89,000
• Delta: 66.00%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4005 Main St	0.10mi	3/2.0	1,368 (+3%)	3mo	$60,000	$44	84
527 Selma Rd	0.64mi	3/1.0	1,290 (-3%)	10mo	$124,999	$97	57
1106 Ontario St	0.40mi	3/1.0	1,384 (+4%)	22mo	$33,000	$24	55
1254 Lewis St	0.43mi	3/1.0	1,200 (-10%)	11mo	$48,000	$40	55
4600 Huntsville Ave	0.68mi	3/1.5	1,474 (+11%)	2mo	$35,000	$24	46

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: 8.0%
• Equity multiple: 1.30×
• Total profit: $7,537
• Equity at exit: $13,270

10-year hold

• IRR: 14.7%
• Equity multiple: 2.04×
• Total profit: $25,892
• Equity at exit: $7,695

Cash invested: $24,920 (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: 6.3×

Monthly cashflow live

• Estimated rent: $1,171 high
• Mortgage (P&I): −$467
• Tax from tax record: −$22 /mo · $265/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $399

Break-even live

Break-even rent $666

Max offer price $89,000

Occupancy floor 61%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1254 Lewis St Brighton, AL	3.0	1.0	1200	$850	$0.71	43d	1	0.42mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	23d	1	0.56mi
546 Selma Rd Bessemer, AL	3.0	1.0	888	$900	$1.01	43d	1	0.71mi
3019 7th Ave N Bessemer, AL	3.0	1.0	1080	$1,050	$0.97	43d	1	0.84mi
520 Brewer Dr Bessemer, AL	3.0	1.0	1040	$1,100	$1.06	3d	1	0.87mi
3225 4th Ave N Bessemer, AL	3.0	2.0	1486	$1,300	$0.87	23d	1	0.88mi
1315 27th St N Bessemer, AL	4.0	2.0	1439	$1,250	$0.87	43d	1	1.00mi
6029 Ivy St Birmingham, AL	4.0	2.0	1234	$1,200	$0.97	43d	1	1.04mi
6025 Ivy St Birmingham, AL	4.0	2.0	1232	$1,300	$1.06	43d	1	1.04mi
6001 Ivy St Birmingham, AL	3.0	1.0	906	$950	$1.05	43d	1	1.04mi
5912 Owen St Bessemer, AL	3.0	1.5	1192	$1,300	$1.09	43d	1	1.04mi
3230 Arlington Ave Bessemer, AL	2.0	2.0	1236	$795	$0.64	43d	1	1.17mi
832 Alden Ave Birmingham, AL	4.0	2.0	1231	$1,150	$0.93	23d	1	1.18mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	3d	1	1.41mi
5906 5th St S Bessemer, AL	2.0	1.0	916	$900	$0.98	23d	1	1.42mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	14d	1	1.43mi
806 12th Ave Birmingham, AL	3.0	1.0	1262	$1,075	$0.85	43d	1	1.46mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	43d	1	1.46mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	43d	1	1.46mi
1206 15th St Birmingham, AL	3.0	1.0	1600	$950	$0.59	43d	1	1.48mi

Listing history 23 events

1. 2026-06-18
   days on market $89,000 Active 138 DOM
2. 2026-06-17
   days on market $89,000 Active 137 DOM
3. 2026-06-16
   days on market $89,000 Active 136 DOM
4. 2026-06-15
   days on market $89,000 Active 135 DOM
5. 2026-06-13
   days on market $89,000 Active 133 DOM
6. 2026-06-10
   days on market $89,000 Active 130 DOM
7. 2026-06-09
   days on market $89,000 Active 129 DOM
8. 2026-06-08
   days on market $89,000 Active 128 DOM
9. 2026-06-08
   price $89,000 Active 127 DOM
10. 2026-06-07
    days on market $90,000 Active 127 DOM
11. 2026-06-03
    days on market $90,000 Active 123 DOM
12. 2026-06-02
    days on market $90,000 Active 122 DOM
13. 2026-06-01
    days on market $90,000 Active 121 DOM
14. 2026-05-31
    days on market $90,000 Active 120 DOM
15. 2026-04-07
    price $90,000 538-char remark

    Show marketing remark (538 chars)

    Property located at 3815 Banks Street is totally remodeled with new roof new electrical new Plumbing new flooring granite countertops all new paint interior exterior and a big fenced in yard the property will have appliances installed with a full price offer. Once the property goes under contract all electrical and water will be cut on for inspections. Property is a corner unit and located very close to downtown and easy to get to Great neighborhood and one of the many that have been totally remodeled property can go 100% financing.

16. 2026-03-05
    price $95,000 538-char remark

    Show marketing remark (538 chars)

    Property located at 3815 Banks Street is totally remodeled with new roof new electrical new Plumbing new flooring granite countertops all new paint interior exterior and a big fenced in yard the property will have appliances installed with a full price offer. Once the property goes under contract all electrical and water will be cut on for inspections. Property is a corner unit and located very close to downtown and easy to get to Great neighborhood and one of the many that have been totally remodeled property can go 100% financing.

17. 2026-01-31
    listed $99,000 Active 538-char remark

    Show marketing remark (538 chars)

    Property located at 3815 Banks Street is totally remodeled with new roof new electrical new Plumbing new flooring granite countertops all new paint interior exterior and a big fenced in yard the property will have appliances installed with a full price offer. Once the property goes under contract all electrical and water will be cut on for inspections. Property is a corner unit and located very close to downtown and easy to get to Great neighborhood and one of the many that have been totally remodeled property can go 100% financing.

18. 2025-05-27
    soldstatus $28,000 Sold 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

19. 2025-05-04
    historical 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

20. 2025-04-12
    price $29,900 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

21. 2025-04-12
    status Active 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

22. 2025-03-26
    historical 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

23. 2025-02-03
    listed $49,500 Active 287-char remark

    Show marketing remark (287 chars)

    3 bed 1 bath home. Corner lot. Close to shops and Restaurants. all offers to be submitted on propoffers.com. Buyers agent must pay A technology fee of 200.00 is charged by pyramid platform. plus sales tax offer management fee at closing. Sold as-is no repairs by seller cash only sale .

ⓘ 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: $265 · $22/mo
• Projected year-2 tax: $365 · $30/mo
• Expected delta: +$100/yr (+$8/mo · 37.9%)

ⓘ 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 2/10 Low
• 🌡 Heat 7/10 Severe 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: $14,052
• − Mortgage interest: −$4,985
• − Property taxes: −$265
• − Insurance: −$445
• − Repairs & maintenance: −$1,124
• − Management: −$1,124
• − Depreciation: −$2,589
• Taxable income: $3,520
• Est. tax owed @ 24.0%: −$845
• After-tax cash flow: $3,946/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 — Brighton

• Score: 54/100
• State rank: #459
• US rank: #23847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brighton, 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

+81.8% since first listed

9 events — show timeline

• 2026-04-07 Price Changed $90,000 Greater Alabama MLS
• 2026-03-05 Price Changed $95,000 Greater Alabama MLS
• 2026-01-31 Listed $99,000 Greater Alabama MLS
• 2025-05-27 Sold (MLS) $28,000 Greater Alabama MLS
• 2025-05-04 Delisted — Greater Alabama MLS
• 2025-04-12 Price Changed $29,900 Greater Alabama MLS
• 2025-04-12 Relisted — Greater Alabama MLS
• 2025-03-26 Delisted — Greater Alabama MLS
• 2025-02-03 Listed $49,500 Greater Alabama MLS

Property tax history

+2.5%/yr

Latest (2025): $265 · +0.0% YoY. Source: county tax records.