901 47th St N · Birmingham, AL 35212

$100,000

2 bd · 1.0 ba · 698 sqft · SingleFamily public records · 8 Days on market

Built 1950 7,840 sqft lot

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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 +21.9/30.0
• ARV discount +7.5/15.0
• DSCR +7.0/10.0
• 1% rule +4.4/10.0
• 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

AMAZING INVESTMENT OPPORTUNITY!!! Come and see this move-in ready home that has recently been updated with NEW FLOORS, NEW SHOWER, NEW PAINT and NEW FURNACE! 2 bedrooms with 1 full bath. Walk through the front door into the den area which leads into the kitchen. Tucked in the back are two more bedrooms and a full bath. Lastly is the laundry room with space for storage. Out back you will find a one car garage. This property is located just over 1 mile from the Shuttlesworth International Airport, 3 miles from the center of downtown Birmingham, Top Golf, Brand new $164 Million Protective Stadium, $60M Amazon fulfillment center, and so much more. The Woodlawn neighbor is exploding with opportunity between newer home developments and the brand new Church of the Highlands campus in the area. This is a one of a kind opportunity that you don't want to miss!

Key facts

• Renovated shower
• Detached garage
• 7,840 sq ft lot

Tags

• RENOVATED SHOWER
• LAUNDRY ROOM WITH STORAGE
• DETACHED GARAGE

Property features AI

Finance

• Other: Parcel ID available
• Financial info: No financial details provided
• HOA & community: No subdivision listed

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability
• Home design: Single-story layout (all main-level rooms listed); Existing (previously built) structure
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: No pool, patio, deck, or garden/patio listed; Not waterfront

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Additional bedroom on main level
• Flooring: Hardwood and hardwood laminate flooring
• Bathrooms: One full bathroom with tub/shower combo on main level
• Heating & cooling: Central heating; Window air conditioning units
• Interior features: Smooth ceilings; No additional interior features listed
• Laundry & utility: Main-level laundry with washer hookup and electric dryer hookup; Has laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $157 ($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 $94k (5.7% below list).
• Recommended offer: $94k (5.7% below list) — sets the bar for 1% rule.
• Cap rate 8.2% 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: Hayes K8 (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 658 students, 91% FRL); Woodlawn High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 738 students, 91% FRL).
• Market conditions: 81 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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 31% 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 $691 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

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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 $56k; list at $100k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $94,284 (5.7% below list)

Questions for the listing agent

1. Built in 1950 — 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: 0.94% ✗
• Cap rate: 8.17%
• Cash-on-cash: 6.71%
• DSCR: 1.30
• GRM: 8.8

CMA / ARV

• ARV (on-the-fly): $35,598
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4513 13th Ave	0.47mi	2/1.0	778 (+12%)	3mo	$40,000	$51	56

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: -6.0%
• Equity multiple: 0.78×
• Total profit: $-6,280
• Equity at exit: $14,910

10-year hold

• IRR: 3.5%
• Equity multiple: 1.26×
• Total profit: $7,174
• Equity at exit: $8,646

Cash invested: $28,000 (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: 8.8×

Monthly cashflow live

• Estimated rent: $943 high
• Mortgage (P&I): −$524
• Tax from tax record: −$22 /mo · $266/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $157

Break-even live

Break-even rent $745

Max offer price $100,000

Occupancy floor 78%

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
737 47th St N Unit B Birmingham, AL	2.0	1.0	706	$750	$1.06	23d	1	0.13mi
1217 43rd St N Birmingham, AL	2.0	1.0	750	$850	$1.13	43d	1	0.52mi
4420 5th Ave S Birmingham, AL	2.0	1.0	667	$1,126	$1.69	14d	2	0.97mi
4416 5th Ave S Unit 4420-8 Birmingham, AL	2.0	1.0	667	$1,032	$1.55	21d	1	0.98mi
4416 5th Ave S Unit 4420-5 Birmingham, AL	2.0	1.0	667	$1,062	$1.59	10d	1	0.98mi
4332 5th Ave S Unit 201 Birmingham, AL	2.0	1.0	691	$754	$1.09	10d	1	1.03mi
4332 5th Ave S Apt 106 Birmingham, AL	2.0	1.0	691	$1,069	$1.55	43d	1	1.03mi
4262 4th Ave S Birmingham, AL	1.0	1.0	676	$1,095	$1.62	43d	1	1.04mi
4264 4th Ave S Birmingham, AL	1.0	1.0	676	$1,095	$1.62	43d	1	1.07mi
4233 3rd Ave S Birmingham, AL	2.0	1.0	750	$1,150	$1.53	43d	1	1.10mi
4237 5th Ave S Unit 4241-F Birmingham, AL	2.0	1.0	725	$1,098	$1.51	43d	1	1.18mi
4237 5th Ave S Unit 4241-H Birmingham, AL	2.0	1.0	725	$1,115	$1.54	43d	1	1.18mi
4237 5th Ave S Unit 4237-E Birmingham, AL	2.0	1.0	725	$1,135	$1.57	2d	1	1.18mi
3824 5th Ave S Unit G01C Birmingham, AL	1.0	1.0	623	$845	$1.36	43d	1	1.44mi
3824 5th Ave S Unit 203B Birmingham, AL	1.0	1.0	623	$830	$1.33	43d	1	1.45mi

Listing history 6 events

1. 2026-06-18
   days on market $100,000 Active 8 DOM
2. 2026-06-17
   days on market $100,000 Active 7 DOM
3. 2026-06-16
   days on market $100,000 Active 6 DOM
4. 2026-06-15
   days on market $100,000 Active 5 DOM
5. 2026-06-13
   remarks 603-char remark
6. 2026-06-13
   listed $100,000 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: $266 · $22/mo
• Projected year-2 tax: $410 · $34/mo
• Expected delta: +$144/yr (+$12/mo · 54.0%)

ⓘ 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 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 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,314
• − Mortgage interest: −$5,602
• − Property taxes: −$266
• − Insurance: −$500
• − Repairs & maintenance: −$905
• − Management: −$905
• − Depreciation: −$2,909
• Taxable income: $227
• Est. tax owed @ 24.0%: −$54
• After-tax cash flow: $1,825/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

+81.8% since first listed

9 events — show timeline

• 2026-06-10 Listed $100,000 Greater Alabama MLS
• 2023-08-08 Sold (MLS) $56,500 Greater Alabama MLS
• 2023-08-07 Sold (Public Records) $56,500 Public Records
• 2023-07-17 Contingent — Greater Alabama MLS
• 2023-06-12 Relisted — Greater Alabama MLS
• 2023-06-05 Contingent — Greater Alabama MLS
• 2023-05-30 Relisted — Greater Alabama MLS
• 2023-05-20 Pending — Greater Alabama MLS
• 2023-05-16 Listed $55,000 Greater Alabama MLS

Property tax history

-5.2%/yr

Latest (2025): $266 · +0.0% YoY. Source: county tax records.