6113 Georgia Rd · Birmingham, AL 35212

$115,900

3 bd · 1.0 ba · 1,265 sqft · SingleFamily public records · 129 Days on market

Built 1920 3,920 sqft lot $92/sqft · 38% below area Est $188k · 38% 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 +23.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.1/10.0
• 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

Beautiful brick house in great Location!! Tenant occupied. But tenant can move before closing or can stay, current rent $1,100 per month. New Roof, Electrical, HVAC, Plumbing, flooring, paint done in 2020.

Key facts

• Plumbing
• Brick house
• Hvac

Tags

• BRICK HOUSE
• NEW ROOF
• ELECTRICAL
• HVAC
• PLUMBING
• FLOORING

🏷️ Possibly a rental listed for sale. The $115,900 price doesn't fit this home's estimated sale value (~$188,004) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $116k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $102k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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-, schools F, crime 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.
• Market conditions: 81 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 42% of the median local income ($37k/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 $801 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.

Negotiation context

• It's been on market 129 days — a 12% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 $10k; list at $116k implies a 1059% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $101,992 (12.0% below list)

Questions for the listing agent

1. It's been on market 129 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 1920 — 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: 1.11% ✓
• Cap rate: 8.50%
• Cash-on-cash: 7.89%
• DSCR: 1.35
• GRM: 7.5

CMA / ARV

• ARV (median comp): $188,004
• List price: $115,900
• Delta: -38.35%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
539 63rd St	0.19mi	4/2.0 (+1)	1,272 (+1%)	2mo	$192,500	$151	80
5617 5th Ct S	0.46mi	3/1.0	1,236 (-2%)	2mo	$369,000	$299	73
5829 6th Ave S	0.37mi	3/1.0	1,333 (+5%)	2mo	$305,000	$229	72
5736 8th Ave S	0.56mi	2/1.0 (-1)	1,308 (+3%)	0mo	$287,800	$220	63
5817 7th Ave S	0.52mi	3/2.0	1,350 (+7%)	2mo	$339,000	$251	59
145 57th St S	0.36mi	2/2.0 (-1)	1,388 (+10%)	3mo	$299,999	$216	56
5728 6th Ct S	0.46mi	3/2.0	1,440 (+14%)	2mo	$360,000	$250	50
5327 7th Ave S	0.74mi	3/1.0	1,159 (-8%)	3mo	$296,900	$256	49
6724 S 2nd Ave	0.63mi	4/2.0 (+1)	1,188 (-6%)	3mo	$113,000	$95	49
6817 Division Ave	0.74mi	3/1.0	1,104 (-13%)	3mo	$93,000	$84	42
6712 2nd Ave S	0.61mi	4/2.5 (+1)	1,132 (-10%)	2mo	$149,900	$132	41
612 54th St S	0.73mi	3/2.0	1,426 (+13%)	2mo	$405,000	$284	40

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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-5,165
• Equity at exit: $17,281

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $13,089
• Equity at exit: $10,021

Cash invested: $32,452 (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 35212

• Active inventory: 81
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,284 high
• Mortgage (P&I): −$608
• Tax est. 1.5%: −$145 /mo · $1,738/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $213

Break-even live

Break-even rent $1,014

Max offer price $115,900

Occupancy floor 78%

Sensitivity live

Price	-10% $294	-5% $254	+0% $213	+5% $173	+10% $133
Rent	-10% $112	-5% $163	+0% $213	+5% $264	+10% $315
Rate	-1.0pp $272	-0.5pp $243	base $213	+0.5pp $183	+1.0pp $153

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: $28,975
• Closing costs: $3,477
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	2d	1	0.12mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	4d	1	0.24mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	24d	1	0.35mi
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	44d	1	0.44mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	4d	1	0.51mi
601 Dublin Ave Birmingham, AL	4.0	1.5	1288	$1,050	$0.82	44d	1	0.58mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	15d	1	0.61mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	17d	1	0.68mi
6107 Crest Green Rd Birmingham, AL	2.0	1.5	1273	$995	$0.78	44d	1	0.68mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	44d	1	0.69mi
5620 8th Ave S Birmingham, AL	3.0	1.0	1508	$2,400	$1.59	12d	1	0.71mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	44d	1	0.72mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	24d	1	0.73mi
6241 Crest Green Rd Birmingham, AL	3.0	2.0	1380	$1,210	$0.88	24d	1	0.77mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	44d	1	0.84mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	44d	1	0.86mi
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	44d	1	0.87mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	44d	1	0.90mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	44d	1	0.92mi
620 52nd St S Birmingham, AL	3.0	2.0	1346	$2,750	$2.04	24d	1	0.96mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	3d	1	1.00mi
233 52nd St N Birmingham, AL	2.0	1.0	1430	$1,200	$0.84	44d	1	1.00mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	44d	1	1.00mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	4d	1	1.01mi
7125 6th Ave S Birmingham, AL	3.0	2.0	1584	$1,188	$0.75	4d	1	1.04mi
936 54th St S Birmingham, AL	3.0	1.5	1317	$1,950	$1.48	3d	1	1.12mi
821 50th St N Birmingham, AL	3.0	1.5	1416	$1,523	$1.08	2d	1	1.16mi
7716 Sunrise Cir Birmingham, AL	1.0–2.0	1.0	795	$1,000	$1.26	44d	1	1.18mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	3d	1	1.22mi
7420 3rd Ave S Birmingham, AL	4.0	2.0	1705	$1,450	$0.85	2d	1	1.27mi
222 49th St N Birmingham, AL	3.0	2.0	1556	$1,800	$1.16	24d	1	1.28mi
1601 48th St N Birmingham, AL	3.0	1.0	1313	$1,200	$0.91	24d	1	1.30mi
941 47th Pl N Birmingham, AL	3.0	1.0	879	$950	$1.08	24d	1	1.30mi
236 48th St N Birmingham, AL	3.0	2.0	1318	$1,750	$1.33	3d	1	1.32mi
7112 Naples Ave Birmingham, AL	4.0	2.0	1858	$1,731	$0.93	44d	1	1.35mi
1101 47th St N Birmingham, AL	3.0	2.0	1296	$1,200	$0.93	24d	1	1.37mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	12d	1	1.42mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	44d	1	1.42mi
934 47th St N Birmingham, AL	3.0	1.0	972	$1,000	$1.03	24d	1	1.43mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	44d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $115,900 Active 129 DOM
2. 2026-06-17
   days on market $115,900 Active 128 DOM
3. 2026-06-16
   days on market $115,900 Active 127 DOM
4. 2026-06-15
   days on market $115,900 Active 126 DOM
5. 2026-06-13
   days on market $115,900 Active 124 DOM
6. 2026-06-10
   days on market $115,900 Active 121 DOM
7. 2026-06-09
   days on market $115,900 Active 120 DOM
8. 2026-06-08
   days on market $115,900 Active 119 DOM
9. 2026-06-07
   days on market $115,900 Active 118 DOM
10. 2026-06-03
    days on market $115,900 Active 114 DOM
11. 2026-06-02
    days on market $115,900 Active 113 DOM
12. 2026-06-01
    days on market $115,900 Active 112 DOM
13. 2026-05-31
    days on market $115,900 Active 111 DOM
14. 2026-03-26
    price $115,900 205-char remark

    Show marketing remark (205 chars)

    Beautiful brick house in great Location!! Tenant occupied. But tenant can move before closing or can stay, current rent $1,100 per month. New Roof, Electrical, HVAC, Plumbing, flooring, paint done in 2020.

15. 2026-02-09
    listed $119,900 Active 205-char remark

    Show marketing remark (205 chars)

    Beautiful brick house in great Location!! Tenant occupied. But tenant can move before closing or can stay, current rent $1,100 per month. New Roof, Electrical, HVAC, Plumbing, flooring, paint done in 2020.

16. 2020-01-13
    soldstatus $10,000 Sold 190-char remark

    Show marketing remark (190 chars)

    3BR 1BA, full brick home. Only a few blocks from the edge of the recent revitalization activity that has pushed into this area. Total rehab is needed. Bargain price reflects needed repairs.

17. 2019-12-31
    status Pending 190-char remark

    Show marketing remark (190 chars)

    3BR 1BA, full brick home. Only a few blocks from the edge of the recent revitalization activity that has pushed into this area. Total rehab is needed. Bargain price reflects needed repairs.

18. 2019-12-24
    price $13,997 190-char remark

    Show marketing remark (190 chars)

    3BR 1BA, full brick home. Only a few blocks from the edge of the recent revitalization activity that has pushed into this area. Total rehab is needed. Bargain price reflects needed repairs.

19. 2019-12-19
    listed $16,497 Active 190-char remark

    Show marketing remark (190 chars)

    3BR 1BA, full brick home. Only a few blocks from the edge of the recent revitalization activity that has pushed into this area. Total rehab is needed. Bargain price reflects needed repairs.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,409
• − Mortgage interest: −$6,492
• − Property taxes: −$1,738
• − Insurance: −$580
• − Repairs & maintenance: −$1,233
• − Management: −$1,233
• − Depreciation: −$3,372
• Taxable income: $762
• Est. tax owed @ 24.0%: −$183
• After-tax cash flow: $2,379/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
• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -190.24%
• Current HPI: 120.1264
• 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

+602.6% since first listed

6 events — show timeline

• 2026-03-26 Price Changed $115,900 Greater Alabama MLS
• 2026-02-09 Listed $119,900 Greater Alabama MLS
• 2020-01-13 Sold (MLS) $10,000 Greater Alabama MLS
• 2019-12-31 Pending — Greater Alabama MLS
• 2019-12-24 Price Changed $13,997 Greater Alabama MLS
• 2019-12-19 Listed $16,497 Greater Alabama MLS

Property tax history

-0.0%/yr

Latest (2025): $203 · +6.9% YoY. Source: county tax records.