4864 Smithfield Dr N · Birmingham, AL 35207

$259,500

3 bd · 2.0 ba · 2,282 sqft · SingleFamily public records · 5 Days on market

Built 2013 Est $176k · 48% 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 +17.0/30.0
• Appreciation +10.0/10.0
• DSCR +5.3/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

NO MONEY DOWN w/ VA Financing!! OR qualified buyers could be in this beautiful home w/ only a 1/2% down w/ the FHA "Step-Up" Program! The Builder is paying closing costs w/ acceptable offer! Pick out your kitchen appliances with a $2,500 kit appliance allowance! No detail has been overlooked in this 3bed/3bath home! The Master suite is a MUST SEE w/ tray ceilings & huge walk-in closet! A soaking tub & sep large tiled shower in master on-suite, with beautiful double sinks. French doors off kitchen lead to panoramic views off deck! A totally finished BONUS/MEDIA ROOM downstairs is wired for internet & cable. Also downstairs is the third full bath, laundry room & a cedar closet! The large 2car garage has upgraded Rust-Oleum epoxy-flake flooring & a STORM SAFE ROOM!

Key facts

• Large eat in kitchen
• Gas fireplace
• Spacious corner lot

Tags

• SPACIOUS CORNER LOT
• OPEN CONCEPT FAMILY ROOM
• GAS FIREPLACE
• ELEVATED BACK DECK
• LARGE EAT IN KITCHEN
• STAINLESS STEEL REFRIGERATOR

Property features AI

Finance

• Other: Parcel ID: 22-11-2-002-040.000
• Financial info: Down payment assistance available

Exterior

• Parking: Attached garage with side entry; Two garage spaces (basement level); Driveway parking and on-street parking available; Basement parking / lower level parking
• Utilities: Public water; Connected sewer; Spectrum internet availability; Electric water heater; Electric service for dryer and kitchen appliances
• Home design: Four-sided brick with Hardiplank siding; Basement foundation; Existing construction
• Construction: 4-side brick and Hardiplank siding construction; Basement foundation; Finished daylight basement
• Exterior features: Porch; Open deck; No pool; Not waterfront; No garden/patio

Interior

• Kitchen: Solid surface countertops; Electric cooktop and electric oven; Built-in microwave; Built-in dishwasher; Electric stove; Refrigerator included
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level; Bonus room in the basement
• Flooring: Carpet; Hardwood and hardwood laminate; Tile flooring
• Bathrooms: Three full bathrooms; Master bath with garden tub, separate shower and separate vanities; Additional baths include tub/shower combos and a full bath in the basement
• Heating & cooling: Central heating and cooling; Heat pump
• Interior features: Smooth and trey ceilings; French doors; Split bedroom floorplan; One gas-started fireplace in the family room; Finished daylight full basement
• Laundry & utility: Laundry room located in the basement; Washer hookup provided; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $174 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (16.1% below list).
• Recommended offer: $218k (16.1% below list) — sets the bar for 1% rule.

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.
• 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: Fultondale Elementary School (math 6% / reading 30%, grade F, #481 of 627 statewide, top 77%, 982 students, 49% FRL); Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: 42 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).

Forward outlook

• In year one you build about $28k of equity ($2k loan paydown + $26k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $73k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y 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 $170k; list at $260k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $217,619 (16.1% below list)

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. 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?
4. 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?
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: 0.84% ✗
• Cap rate: 7.10%
• Cash-on-cash: 2.88%
• DSCR: 1.13
• GRM: 9.9

CMA / ARV

• ARV (on-the-fly): $175,714
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4417 Campbell Ln	0.61mi	3/1.5	2,204 (-3%)	6mo	$170,000	$77	59

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.3%
• Equity multiple: 3.10×
• Total profit: $152,324
• Equity at exit: $233,778

10-year hold

• IRR: 23.1%
• Equity multiple: 7.05×
• Total profit: $439,591
• Equity at exit: $504,151

Cash invested: $72,660 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,176 medium
• Mortgage (P&I): −$1,361
• Tax from tax record: −$76 /mo · $909/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$457
• Net cashflow: $174

Break-even live

Break-even rent $1,955

Max offer price $259,500

Occupancy floor 87%

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: $64,875
• Closing costs: $7,785
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2938 Summit Dr Fultondale, AL	4.0	2.0	1956	$2,200	$1.12	1d	1	0.98mi
465 W Park Dr Fultondale, AL	4.0	2.5	2159	$2,146	$0.99	16d	1	1.37mi

Listing history 5 events

1. 2026-06-18
   days on market $259,500 Active 5 DOM
2. 2026-06-17
   days on market $259,500 Active 4 DOM
3. 2026-06-16
   days on market $259,500 Active 3 DOM
4. 2026-06-15
   remarks 699-char remark
5. 2026-06-15
   listed $259,500 Active 2 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: $909 · $76/mo
• Projected year-2 tax: $1,064 · $89/mo
• Expected delta: +$155/yr (+$13/mo · 17.1%)

ⓘ 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 · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,114
• − Mortgage interest: −$14,536
• − Property taxes: −$909
• − Insurance: −$1,298
• − Repairs & maintenance: −$2,089
• − Management: −$2,089
• − Depreciation: −$7,549
• Taxable loss: −$2,355
• Est. tax savings @ 24.0%: +$565
• After-tax cash flow: $2,659/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 — 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

• City population: 210,422
• Population (ZIP): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▲ 35.95%
• Current HPI: 228.5664
• 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

+260.9% since first listed

6 events — show timeline

• 2026-06-13 Listed $259,500 Greater Alabama MLS
• 2014-03-06 Sold (Public Records) $169,800 Public Records
• 2014-02-28 Sold (MLS) $169,800 Greater Alabama MLS
• 2013-12-06 Listed $169,800 Greater Alabama MLS
• 2004-12-08 Sold (Public Records) $113,500 Public Records
• 1996-06-06 Sold (Public Records) $71,900 Public Records

Property tax history

-4.7%/yr

Latest (2021): $909 · +0.0% YoY. Source: county tax records.