927 SW Mason Ave SW · Birmingham, AL 35211

$125,000

4 bd · 1.0 ba · 1,530 sqft · SingleFamily public records · 15 Days on market

Built 1930 6,969 sqft lot Est $158k · 21% under

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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 +26.1/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +6.5/10.0
• 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

This property presents a strong potential for a return on investment (ROI). It’s more than just a house; it’s an opportunity to secure your financial future. With a complete renovation and updates to both bathrooms finished, and a tenant already in place, you can have peace of mind knowing your investment is actively generating income. Don’t miss out on this chance! The current tenant’s lease is set to expire on October 31, 2026, and the property offers an estimated return of approximately 10.2%. (Please note that actual returns may vary, as annual expenses of $3,500 are considered as a variable. ) This is a valuable opportunity for anyone looking to invest wisely!

Key facts

• 6,969 sq ft lot
• Built 1930
• Listed 15 days

Property features AI

Finance

• Other: Internet service available (Spectrum & AT&T)

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Electric water heater
• Home design: Single-family existing home; Not a tri-level, split-level, or log home; Crawl space foundation
• Construction: Wood siding exterior
• Exterior features: Front porch; Some trees on the lot; City view

Interior

• Kitchen: Solid surface countertops; Refrigerator; Electric stove
• Bedrooms: Five bedrooms, all on the main level
• Flooring: Hardwood-look laminate flooring
• Bathrooms: Two full bathrooms; Separate shower and tub/shower combinations
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; No additional built-in interior features listed
• Laundry & utility: Main-level laundry in a closet; Washer hookup; Electric dryer hookup

🏷️ Possibly a rental listed for sale. The $125,000 price doesn't fit this home's estimated sale value (~$157,590) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $314 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: Glen Iris Elementary School (math 4% / reading 19%, grade F, #556 of 627 statewide, top 89%, 731 students, 78% FRL); Parker High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 826 students, 90% FRL) — zoned schools at 84% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 152 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% 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).
• At $1,436/mo this rent would consume 49% of the median local household income ($35k/yr) (locally 2161% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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 15 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $68k; list at $125k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — 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: 1.15% ✓
• Cap rate: 9.31%
• Cash-on-cash: 10.76%
• DSCR: 1.48
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $157,590
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1725 3rd Pl SW	0.32mi	4/2.0	1,365 (-11%)	2mo	$215,000	$158	61
1608 Goldwire St	0.50mi	3/2.5 (-1)	1,542 (+1%)	15mo	$160,000	$104	52
12 Spring Haven Cir SW	0.75mi	3/2.0 (-1)	1,514 (-1%)	4mo	$160,000	$106	51
1241 15th St SW	0.66mi	3/2.0 (-1)	1,443 (-6%)	1mo	$102,000	$71	50
1376 SW 15th St	0.44mi	3/2.0 (-1)	1,468 (-4%)	18mo	$120,000	$82	48
1317 SW 16th St SW	0.61mi	3/2.0 (-1)	1,420 (-7%)	6mo	$133,000	$94	46
913 Goldwire Way	0.72mi	3/2.0 (-1)	1,568 (+2%)	16mo	$174,900	$112	40
1232 SW 15th Pl	0.69mi	3/2.0 (-1)	1,520 (-1%)	22mo	$32,500	$21	40
32 SW Spring Haven Cir SW	0.71mi	4/2.0	1,452 (-5%)	20mo	$149,900	$103	38
1112 Goldwire St SW	0.64mi	3/2.5 (-1)	1,605 (+5%)	19mo	$120,000	$75	36
1908 14th Pl SW	0.71mi	3/1.5 (-1)	1,390 (-9%)	13mo	$72,500	$52	34
1245 16th St SW	0.69mi	3/2.0 (-1)	1,336 (-13%)	5mo	$145,000	$109	33

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.5%
• Equity multiple: 0.87×
• Total profit: $-4,476
• Equity at exit: $18,638

10-year hold

• IRR: 2.6%
• Equity multiple: 1.16×
• Total profit: $5,565
• Equity at exit: $10,808

Cash invested: $35,000 (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 35211

• Rents YoY: -0.0%
• Active inventory: 152
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,436 high
• Mortgage (P&I): −$656
• Tax from tax record: −$113 /mo · $1,351/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $314

Break-even live

Break-even rent $1,038

Max offer price $125,000

Occupancy floor 73%

Sensitivity live

Price	-10% $385	-5% $349	+0% $314	+5% $279	+10% $243
Rent	-10% $200	-5% $257	+0% $314	+5% $371	+10% $427
Rate	-1.0pp $377	-0.5pp $346	base $314	+0.5pp $281	+1.0pp $249

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
218 Olympia Dr Homewood, AL	1.0–3.0	1.0–2.5	958	$1,659	$1.73	2d	33	0.51mi
1408 16th St SW Birmingham, AL	3.0	2.0	2076	$1,150	$0.55	44d	1	0.59mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	3d	1	0.62mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	44d	1	0.70mi
908 Goldwire St SW Birmingham, AL	3.0	3.0	2115	$1,550	$0.73	44d	1	0.72mi
1204 15th Way SW Birmingham, AL	4.0	3.0	1715	$1,400	$0.82	44d	1	0.77mi
1136 15th St SW Birmingham, AL	4.0	2.0	1296	$1,395	$1.08	24d	1	0.81mi
1141 15th Way SW Birmingham, AL	5.0	2.0	1458	$1,400	$0.96	44d	1	0.83mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	44d	1	0.84mi
1698 Heron Johnson Dr Birmingham, AL	5.0	1.5	1500	$1,175	$0.78	44d	1	0.87mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	44d	1	0.89mi
1620 Alemeda Ave SW Birmingham, AL	3.0	2.0	1314	$1,295	$0.99	2d	1	0.93mi
1609 Jefferson Ave SW Birmingham, AL	4.0	1.0	1572	$1,300	$0.83	3d	1	0.98mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	16d	1	1.07mi
2009 Hollins Dr Birmingham, AL	5.0	1.5	1536	$1,400	$0.91	44d	1	1.08mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	21d	1	1.09mi
1000 17th Pl SW Birmingham, AL	3.0	2.0	1200	$1,275	$1.06	19d	1	1.14mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	44d	1	1.28mi
820 McMillon Ave SW Birmingham, AL	5.0	2.0	1795	$1,350	$0.75	44d	1	1.28mi
1501 Princeton Ave SW Birmingham, AL	3.0	2.0	1260	$1,350	$1.07	45d	1	1.33mi
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	44d	1	1.34mi
1319 18th Way SW Birmingham, AL	4.0	2.0	1337	$1,345	$1.01	24d	1	1.39mi
195 Oxmoor Rd Birmingham, AL	2.0–3.0	2.0–2.5	1187	$3,300	$2.78	3d	8	1.40mi
1734 Lee Ave SW Birmingham, AL	4.0	1.0	1142	$1,150	$1.01	19d	1	1.41mi
108 E Ann Dr SW Birmingham, AL	4.0	2.0	1628	$1,495	$0.92	24d	1	1.44mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	44d	1	1.44mi
1728 Princeton Ave SW Birmingham, AL	4.0	2.0	1334	$1,300	$0.97	44d	1	1.46mi
925 Beacon Pkwy E Birmingham, AL	1.0–3.0	1.0–2.0	1259	$1,199	$0.95	44d	1	1.47mi
513 Valley Ave Birmingham, AL	3.0	1.0–2.0	1012	$1,400	$1.38	44d	1	1.48mi

Listing history 11 events

1. 2026-06-17
   status $125,000 Pending 15 DOM
2. 2026-06-17
   days on market $125,000 Active 15 DOM
3. 2026-06-16
   days on market $125,000 Active 14 DOM
4. 2026-06-15
   days on market $125,000 Active 13 DOM
5. 2026-06-13
   days on market $125,000 Active 11 DOM
6. 2026-06-10
   days on market $125,000 Active 8 DOM
7. 2026-06-09
   days on market $125,000 Active 7 DOM
8. 2026-06-08
   days on market $125,000 Active 6 DOM
9. 2026-06-07
   days on market $125,000 Active 5 DOM
10. 2026-06-02
    remarks 673-char remark
11. 2026-06-02
    listed $125,000 Active 1 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: $1,351 · $113/mo
• Projected year-2 tax: $1,351 · $113/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°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: $17,227
• − Mortgage interest: −$7,002
• − Property taxes: −$1,351
• − Insurance: −$625
• − Repairs & maintenance: −$1,378
• − Management: −$1,378
• − Depreciation: −$3,636
• Taxable income: $1,856
• Est. tax owed @ 24.0%: −$445
• After-tax cash flow: $3,321/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 (77%)
• Race & ethnicity: Black 77% White 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+131.5% since first listed

3 events — show timeline

• 2026-06-02 Listed $125,000 Greater Alabama MLS
• 2025-04-30 Sold (Public Records) $67,500 Public Records
• 1997-09-03 Sold (Public Records) $54,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $1,351 · +0.0% YoY. Source: county tax records.