933 6th St W · Birmingham, AL 35204

$60,000

3 bd · 2.0 ba · 1,648 sqft · SingleFamily public records · 106 Days on market

Built 1947 6,534 sqft lot $36/sqft · 61% below area

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Why this score? — see what drove the B 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
• ARV discount +7.5/15.0
• Appreciation +5.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

Established Birmingham neighborhood offering an opportunity for investors or buyers looking to customize a home to their taste. With solid bones and plenty of space, this home is ready for updates and improvements that can unlock its full potential. Featuring 2 bedrooms, 2 full bathrooms, living room, dining room, den, an unfinished attic and basement with bonus space. Bring your vision and make this home shine.

Key facts

• 6,534 sq ft lot
• 2 parking spots
• Built 1947

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $489 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.1% 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: 65 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 45d 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 39% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $800 of equity ($415 loan paydown + $385 appreciation (0.6% 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 (0.6% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 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 1947 — 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 $54,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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: 1.91% ✓
• Cap rate: 16.07%
• Cash-on-cash: 34.90%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (median comp): $130,708
• List price: $60,000
• Delta: -54.10%
• 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
944 4th St W	0.19mi	3/2.0	1,560 (-5%)	3mo	$170,000	$109	80
704 9th Ct W	0.08mi	3/1.0	1,502 (-9%)	1mo	$114,429	$76	76
820 7th St W	0.33mi	3/2.0	1,774 (+8%)	5mo	$131,000	$74	68
732 8th Ct W	0.31mi	3/2.0	1,696 (+3%)	17mo	$157,000	$93	67
882 6th St W	0.12mi	3/2.0	1,485 (-10%)	14mo	$147,500	$99	66
741 W 9th Ave	0.22mi	4/2.0 (+1)	1,806 (+10%)	12mo	$97,000	$54	59
630 11th Ct W	0.37mi	4/2.0 (+1)	1,824 (+11%)	3mo	$95,000	$52	57
963 3rd St W	0.32mi	3/1.0	1,444 (-12%)	12mo	$75,500	$52	50
900 Center St	0.56mi	3/1.0	1,760 (+7%)	16mo	$78,000	$44	46
213 14th Ct W	0.70mi	4/2.0 (+1)	1,479 (-10%)	3mo	$100,833	$68	43
117 10th Ct	0.73mi	3/2.0	1,400 (-15%)	4mo	$150,000	$107	38
217 12th Ave W	0.55mi	3/1.5	1,424 (-14%)	21mo	$135,000	$95	33

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

Projected returns pro-forma

0.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.8%
• Equity multiple: 2.86×
• Total profit: $31,213
• Equity at exit: $19,370

10-year hold

• IRR: 39.3%
• Equity multiple: 5.60×
• Total profit: $77,320
• Equity at exit: $24,901

Cash invested: $16,800 (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 35204

• Home prices YoY: 0.3%
• Active inventory: 65
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,143 high
• Mortgage (P&I): −$315
• Tax est. 1.5%: −$75 /mo · $900/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $489

Break-even live

Break-even rent $525

Max offer price $60,000

Occupancy floor 52%

Sensitivity live

Price	-10% $530	-5% $509	+0% $489	+5% $468	+10% $447
Rent	-10% $398	-5% $443	+0% $489	+5% $534	+10% $579
Rate	-1.0pp $519	-0.5pp $504	base $489	+0.5pp $473	+1.0pp $457

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
915 6th St W Birmingham, AL	3.0	1.0	1332	$1,075	$0.81	44d	1	0.03mi
854 5th St W Birmingham, AL	3.0	1.0	1501	$1,275	$0.85	44d	1	0.15mi
410 8th Ter W Birmingham, AL	3.0	1.0	1440	$1,200	$0.83	17d	1	0.21mi
757 10th Ave W Birmingham, AL	2.0	1.0	1136	$1,000	$0.88	44d	1	0.24mi
963 3rd St W Birmingham, AL	3.0	2.0	1444	$1,295	$0.90	24d	1	0.32mi
617 7th St W Birmingham, AL	3.0	1.5	1120	$1,175	$1.05	44d	1	0.42mi
827 6th Ave W Birmingham, AL	3.0	1.0	1214	$1,075	$0.89	24d	1	0.52mi
1101 7th Ave W Birmingham, AL	3.0	1.0	1248	$1,250	$1.00	44d	1	0.64mi
724 4th Ct W Birmingham, AL	3.0	1.0	1300	$930	$0.72	44d	1	0.67mi
612 12th St W Birmingham, AL	3.0	1.5	1242	$1,150	$0.93	44d	1	0.70mi
1119 Graymont Ave W Birmingham, AL	3.0	1.0	1260	$1,073	$0.85	3d	1	0.72mi
1108 4th Ct W Birmingham, AL	3.0	2.0	1623	$1,125	$0.69	4d	1	0.86mi
1153 2nd St N Birmingham, AL	3.0	1.0	1056	$1,150	$1.09	20d	1	0.87mi
451 2nd St N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	44d	1	0.90mi
1230 4th Ter W Birmingham, AL	3.0	2.0	1540	$1,000	$0.65	44d	1	0.93mi
608 Fulton Ave SW Birmingham, AL	3.0	1.0	1271	$1,300	$1.02	44d	1	1.00mi
644 Alabama Ave SW Birmingham, AL	3.0	1.0	1274	$1,125	$0.88	24d	1	1.01mi
1532 Graymont Ave W Birmingham, AL	4.0	2.0	1913	$1,150	$0.60	44d	1	1.01mi
1216 4th Pl N Birmingham, AL	3.0	2.0	1565	$1,150	$0.73	44d	1	1.05mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	12d	1	1.11mi
1642 Graymont Ave W Birmingham, AL	3.0	1.0	1219	$1,090	$0.89	4d	1	1.17mi
3113 Pike Rd Birmingham, AL	3.0	2.0	1143	$1,275	$1.12	44d	1	1.20mi
1701 4th Ter W Birmingham, AL	4.0	2.5	1977	$1,550	$0.78	24d	1	1.25mi
1317 11th St N Birmingham, AL	3.0	1.0	1340	$1,200	$0.90	44d	1	1.32mi
353 16th Ave N Birmingham, AL	3.0	1.0	1200	$995	$0.83	44d	1	1.34mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	24d	1	1.35mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	44d	1	1.36mi
1621 2nd Ct W Birmingham, AL	3.0	1.0	1074	$1,095	$1.02	44d	1	1.37mi
2920 24th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1800	$1,050	$0.58	24d	1	1.43mi
2309 Eufaula Ave Birmingham, AL	4.0	2.0	1454	$1,395	$0.96	24d	1	1.46mi
1720 Cullman Ave Unit 3 Birmingham, AL	3.0	2.0	1174	$950	$0.81	44d	1	1.47mi
1720 Cullman Ave Unit 2 Birmingham, AL	3.0	1.0	1174	$899	$0.77	22d	1	1.47mi
2304 Eufaula Ave Birmingham, AL	3.0	1.0	1381	$980	$0.71	44d	1	1.48mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	44d	1	1.49mi
1213 Alabama Ave SW Birmingham, AL	4.0	2.0	1616	$1,200	$0.74	44d	1	1.50mi

Listing history 4 events

1. 2026-05-17
   status Pending 415-char remark

   Show marketing remark (415 chars)

   Established Birmingham neighborhood offering an opportunity for investors or buyers looking to customize a home to their taste. With solid bones and plenty of space, this home is ready for updates and improvements that can unlock its full potential. Featuring 2 bedrooms, 2 full bathrooms, living room, dining room, den, an unfinished attic and basement with bonus space. Bring your vision and make this home shine.

2. 2026-04-22
   status Active 415-char remark

   Show marketing remark (415 chars)

   Established Birmingham neighborhood offering an opportunity for investors or buyers looking to customize a home to their taste. With solid bones and plenty of space, this home is ready for updates and improvements that can unlock its full potential. Featuring 2 bedrooms, 2 full bathrooms, living room, dining room, den, an unfinished attic and basement with bonus space. Bring your vision and make this home shine.

3. 2026-03-16
   historical Contingent 415-char remark

   Show marketing remark (415 chars)

   Established Birmingham neighborhood offering an opportunity for investors or buyers looking to customize a home to their taste. With solid bones and plenty of space, this home is ready for updates and improvements that can unlock its full potential. Featuring 2 bedrooms, 2 full bathrooms, living room, dining room, den, an unfinished attic and basement with bonus space. Bring your vision and make this home shine.

4. 2026-01-31
   listed $60,000 Active 415-char remark

   Show marketing remark (415 chars)

   Established Birmingham neighborhood offering an opportunity for investors or buyers looking to customize a home to their taste. With solid bones and plenty of space, this home is ready for updates and improvements that can unlock its full potential. Featuring 2 bedrooms, 2 full bathrooms, living room, dining room, den, an unfinished attic and basement with bonus space. Bring your vision and make this home shine.

ⓘ 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 · 18 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: $13,720
• − Mortgage interest: −$3,361
• − Property taxes: −$900
• − Insurance: −$300
• − Repairs & maintenance: −$1,098
• − Management: −$1,098
• − Depreciation: −$1,745
• Taxable income: $5,219
• Est. tax owed @ 24.0%: −$1,252
• After-tax cash flow: $4,611/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): 8,953
• Household income: $35,420
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 422.0

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 5% Two or more races 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▲ 0.64%
• Current HPI: 201.0777
• 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

4 events — show timeline

• 2026-05-17 Pending — Greater Alabama MLS
• 2026-04-22 Relisted — Greater Alabama MLS
• 2026-03-16 Contingent — Greater Alabama MLS
• 2026-01-31 Listed $60,000 Greater Alabama MLS