5223 Loop Rd · Birmingham, AL 35224

$70,900

3 bd · 1.0 ba · 1,392 sqft · SingleFamily public records · 8 Days on market

Built 1939 0.46 ac lot Est $63k · 13% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.6/15.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great income producing property that is currently tenant occupied with a long term straight pay tenant. This home features 3 bedrooms & 1 full bathroom. The large front porch leads inside to a living area, then to the kitchen with eat in area & laundry room. The 3 bedrooms all have laminate flooring & feature closests. They all share a hall bathroom with a tub/shower combo. Driveway parking in the front & a 1 car garage in the rear. Seller recently updated home with new flooring, new paint inside, some new windows, updated vanity in bath, new cabinets in kitchen, central HVAC & all electric. Home would be a great addition to a rental portfolio!

Key facts

• Open floor plan
• Eat-in kitchen
• Nice-sized yard

Tags

• OPEN FLOOR PLAN
• VINTAGE GAS FIREPLACE
• EAT-IN KITCHEN
• PLENTY OF CABINET SPACE
• AMPLE NATURAL LIGHTING
• NICE-SIZED YARD

Property features AI

Finance

• Other: Property on approximately 0.46 acre; Fire, garbage, and library fees included

Exterior

• Parking: Driveway parking; Off-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Existing home; Slab foundation; Siding: Hardiplank
• Construction: Hardiplank siding; Slab foundation
• Exterior features: Fireplace (exterior listing notes); No pool, patio, deck, or garden/patio listed; Not waterfront

Interior

• Kitchen: Electric cooktop; Solid surface countertops
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood laminate
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Forced air heating; No central air
• Interior features: Hardwood laminate floors; Ceilings: Other (see remarks); Gas fireplace with insert in the family room; Solid surface kitchen countertops; Cooktop (electric)
• Laundry & utility: Main-level laundry in a closet; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $71k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $71k).
• Cap rate 13.4% 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-, crime F, employment 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.
• Zoned schools: Wylam Elementary School (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 371 students, 89% FRL).
• Market conditions: 42 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $490 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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

• Watch-outs: built in 1939 — 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 $70,900

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.64% ✓
• Cap rate: 13.43%
• Cash-on-cash: 25.49%
• DSCR: 2.13
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $62,640
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5223 Loop Rd	0.00mi	3/1.0	1,392 (0%)	15mo	$76,500	$55	88
401 Lexington St	0.41mi	3/1.0	1,410 (+1%)	12mo	$60,000	$43	69
405 Nevada St	0.27mi	4/1.5 (+1)	1,500 (+8%)	10mo	$55,000	$37	59
304 Lexington St	0.41mi	3/1.0	1,334 (-4%)	20mo	$42,000	$31	57
1216 Portland St	0.54mi	3/1.0	1,351 (-3%)	19mo	$121,000	$90	54
5224 8th Ave	0.24mi	2/1.0 (-1)	1,200 (-14%)	21mo	$15,000	$13	43
325 Memphis St	0.35mi	3/1.0	1,594 (+14%)	21mo	$80,000	$50	42
4317 5th Ct	0.72mi	4/2.0 (+1)	1,563 (+12%)	24mo	$70,000	$45	18

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: 19.1%
• Equity multiple: 1.78×
• Total profit: $15,388
• Equity at exit: $10,571

10-year hold

• IRR: 27.4%
• Equity multiple: 3.42×
• Total profit: $48,065
• Equity at exit: $6,130

Cash invested: $19,852 (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 35224

• Home prices YoY: -16.2%
• Active inventory: 42
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,161 high
• Mortgage (P&I): −$372
• Tax from tax record: −$94 /mo · $1,128/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $422

Break-even live

Break-even rent $627

Max offer price $70,900

Occupancy floor 59%

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: $17,725
• Closing costs: $2,127
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5223 Loop Rd Birmingham, AL	3.0	1.0	1392	$1,100	$0.79	43d	1	0.02mi
528 Oregon St Birmingham, AL	3.0	1.0	1165	$1,200	$1.03	43d	1	0.11mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	16d	1	0.28mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	14d	1	0.28mi
304 Nevada St Birmingham, AL	3.0	1.0	1160	$1,200	$1.03	43d	1	0.29mi
761 Crowne Rd Birmingham, AL	3.0	2.0	1068	$1,200	$1.12	2d	1	0.31mi
604 Lexington St Birmingham, AL	3.0	1.5	993	$1,200	$1.21	43d	1	0.37mi
4623 6th Ave Birmingham, AL	3.0	1.0	1421	$1,175	$0.83	11d	1	0.48mi
538 Gulfport St Birmingham, AL	3.0	1.0	1036	$850	$0.82	43d	1	0.77mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	43d	1	0.90mi
1300 Gulfport St Birmingham, AL	3.0	2.0	1778	$1,200	$0.67	43d	1	0.94mi
1312 Gulfport St Birmingham, AL	3.0	1.5	1376	$1,100	$0.80	43d	1	0.96mi
1226 Frisco St Birmingham, AL	4.0	2.0	1232	$1,245	$1.01	11d	1	0.97mi
1232 Frisco St Birmingham, AL	4.0	2.0	1332	$1,295	$0.97	2d	1	0.98mi
1221 Frisco St Birmingham, AL	2.0	1.0	934	$950	$1.02	43d	1	0.98mi
1300 Yukon St Birmingham, AL	3.0	2.0	1038	$1,125	$1.08	43d	1	1.37mi
5804 Norway Ave Birmingham, AL	2.0	2.0	1564	$1,200	$0.77	23d	1	1.38mi
4800 Norway Ave Birmingham, AL	3.0	1.0	1080	$1,200	$1.11	2d	1	1.42mi

Listing history 6 events

1. 2026-06-18
   days on market $70,900 Active 8 DOM
2. 2026-06-17
   days on market $70,900 Active 7 DOM
3. 2026-06-16
   days on market $70,900 Active 6 DOM
4. 2026-06-15
   days on market $70,900 Active 5 DOM
5. 2026-06-13
   remarks 374-char remark
6. 2026-06-13
   listed $70,900 Active 3 DOM

ⓘ 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: $1,128 · $94/mo
• Projected year-2 tax: $1,128 · $94/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 6/10 Major 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,929
• − Mortgage interest: −$3,972
• − Property taxes: −$1,128
• − Insurance: −$354
• − Repairs & maintenance: −$1,114
• − Management: −$1,114
• − Depreciation: −$2,063
• Taxable income: $4,184
• Est. tax owed @ 24.0%: −$1,004
• After-tax cash flow: $4,056/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
• City population: 210,422
• Population (ZIP): 5,409

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 (69%)
• Race & ethnicity: Black 69% White 22% Two or more races 5% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 0%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -24.47%
• Current HPI: 126.3423
• Rent YoY: —
• Metro: —
• 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

+37.4% since first listed

16 events — show timeline

• 2026-06-10 Listed $70,900 Greater Alabama MLS
• 2025-12-31 Price Changed $70,000 Greater Alabama MLS
• 2025-11-23 Price Changed $1,100 BUILDIUM
• 2025-11-03 Price Changed $89,000 Greater Alabama MLS
• 2025-09-29 Price Changed $99,000 Greater Alabama MLS
• 2025-08-30 Listed for Rent $1,145 BUILDIUM
• 2025-08-30 Rental Removed $1,145 TENANTTURNER2
• 2025-07-22 Price Changed $1,145 TENANTTURNER2
• 2025-06-21 Price Changed $1,150 TENANTTURNER2
• 2025-05-13 Listed for Rent $1,200 TENANTTURNER2
• 2025-03-25 Sold (Public Records) $76,500 Public Records
• 2025-03-24 Sold (MLS) $76,500 Greater Alabama MLS
• 2025-02-19 Pending — Greater Alabama MLS
• 2025-01-02 Listed $79,000 Greater Alabama MLS
• 2024-06-28 Price Changed $85,000 Greater Alabama MLS
• 2006-06-15 Sold (Public Records) $51,600 Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,128 · +0.0% YoY. Source: county tax records.