7021 Georgia Rd · Birmingham, AL 35212

$50,000

2 bd · 1.0 ba · 828 sqft · SingleFamily public records · 71 Days on market

Built 1953 0.29 ac lot $60/sqft · 26% below area Est $68k · 26% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 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
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 2 bedroom 1 bathroom home ready for a new owner sitting on a large lot. Could make a nice primary residence or rental property. Covered patio out back and conveniently located to restaurants, grocery stores, and downtown Birmingham. Home has had several upgrades in the last few years. Flooring has been redone, Kitchen redone, New insulation installed along with a window unit added. New Electrical, plumbing, water heater and sewer line. Schedule your showing today.

Key facts

• 0.29 acre lot
• Built 1953
• Listed 71 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $442 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.5% 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: 81 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 34% 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 $346 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 $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $14k; list at $50k implies a 260% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $47,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.10% ✓
• Cap rate: 18.51%
• Cash-on-cash: 43.61%
• DSCR: 2.94
• GRM: 4.0

CMA / ARV

• ARV (median comp): $67,983
• List price: $50,000
• Delta: -26.45%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7212 Georgia Rd	0.15mi	2/1.0	798 (-4%)	7mo	$40,000	$50	81
6936 66th St S	0.19mi	3/1.0 (+1)	880 (+6%)	6mo	$80,500	$91	70
6022 5th Ter S	0.64mi	2/1.0	840 (+1%)	1mo	$210,000	$250	67
6924 67th St S	0.25mi	2/1.0	916 (+11%)	8mo	$15,000	$16	64
521 Athens Ct	0.33mi	3/1.0 (+1)	876 (+6%)	10mo	$48,000	$55	62
6713 Harve Ave	0.39mi	2/1.0	936 (+13%)	9mo	$35,000	$37	52
560 Antwerp Ave	0.42mi	2/1.0	720 (-13%)	10mo	$24,500	$34	50
559 63rd St	0.53mi	3/1.0 (+1)	888 (+7%)	15mo	$100,000	$113	46
545 Antwerp Ct	0.38mi	3/1.0 (+1)	908 (+10%)	23mo	$88,776	$98	42

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: 34.0%
• Equity multiple: 2.44×
• Total profit: $20,114
• Equity at exit: $7,455

10-year hold

• IRR: 40.9%
• Equity multiple: 4.85×
• Total profit: $53,963
• Equity at exit: $4,323

Cash invested: $14,000 (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: 4.0×

Monthly cashflow live

• Estimated rent: $1,050 high
• Mortgage (P&I): −$262
• Tax from tax record: −$37 /mo · $448/yr
• Insurance: −$21
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $442

Break-even live

Break-even rent $490

Max offer price $50,000

Occupancy floor 53%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	44d	1	0.22mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	24d	1	0.31mi
516 Athens Ct Birmingham, AL	2.0	1.0	738	$1,123	$1.52	2d	1	0.33mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	44d	1	0.36mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	3d	1	0.53mi
573 61st St S Birmingham, AL	2.0	1.0	800	$850	$1.06	44d	1	0.61mi
7716 Sunrise Cir Birmingham, AL	1.0–2.0	1.0	795	$1,000	$1.26	44d	1	0.62mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	2d	1	0.66mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	44d	1	0.68mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	44d	1	0.73mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	44d	1	0.74mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	24d	1	0.79mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	14d	1	0.86mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	44d	1	0.87mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	44d	1	0.90mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	44d	1	0.96mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	12d	1	0.96mi
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	44d	1	1.02mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	24d	1	1.03mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	44d	1	1.03mi
7216 Paris Ave Birmingham, AL	3.0	1.5	966	$1,125	$1.16	19d	1	1.05mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	3d	1	1.08mi
7313 Paris Ave Birmingham, AL	3.0	2.0	1000	$1,395	$1.40	3d	1	1.14mi
1522 Cooper Hill Rd Birmingham, AL	1.0–3.0	1.0–2.0	875	$1,099	$1.26	2d	17	1.18mi
7404 Paris Ave Birmingham, AL	3.0	1.5	802	$1,200	$1.50	44d	1	1.19mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	3d	1	1.23mi
409 Oporto Madrid Blvd Unit J Birmingham, AL	1.0	1.0	952	$850	$0.89	44d	1	1.27mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,300	$1.30	44d	1	1.28mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,275	$1.27	3d	1	1.28mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	44d	1	1.31mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	24d	1	1.33mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	44d	1	1.34mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	44d	1	1.34mi
131 Chestnut St Birmingham, AL	2.0	1.0	927	$1,649	$1.78	24d	1	1.39mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	24d	1	1.40mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	44d	1	1.40mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	44d	1	1.42mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	44d	1	1.43mi
836 Vanderbilt St Birmingham, AL	3.0	1.0	1072	$850	$0.79	24d	1	1.46mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	44d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $50,000 Active 71 DOM
2. 2026-06-17
   days on market $50,000 Active 70 DOM
3. 2026-06-16
   days on market $50,000 Active 69 DOM
4. 2026-06-15
   days on market $50,000 Active 68 DOM
5. 2026-06-13
   days on market $50,000 Active 66 DOM
6. 2026-06-10
   days on market $50,000 Active 63 DOM
7. 2026-06-09
   days on market $50,000 Active 62 DOM
8. 2026-06-08
   days on market $50,000 Active 61 DOM
9. 2026-06-07
   days on market $50,000 Active 60 DOM
10. 2026-06-03
    days on market $50,000 Active 56 DOM
11. 2026-06-02
    days on market $50,000 Active 55 DOM
12. 2026-06-01
    days on market $50,000 Active 54 DOM
13. 2026-05-31
    days on market $50,000 Active 53 DOM
14. 2026-04-08
    listed $50,000 Active 477-char remark

    Show marketing remark (477 chars)

    Charming 2 bedroom 1 bathroom home ready for a new owner sitting on a large lot. Could make a nice primary residence or rental property. Covered patio out back and conveniently located to restaurants, grocery stores, and downtown Birmingham. Home has had several upgrades in the last few years. Flooring has been redone, Kitchen redone, New insulation installed along with a window unit added. New Electrical, plumbing, water heater and sewer line. Schedule your showing today.

15. 2020-10-23
    status Pending 192-char remark

    Show marketing remark (192 chars)

    This is a slab home with solid framing. 2 bedroom, 1 bath with large kitchen. Nice large backyard. The ceiling in the living room has fallen but it doesn't appear to be from rain/water damage.

16. 2020-10-23
    soldstatus $13,900 Sold 192-char remark

    Show marketing remark (192 chars)

    This is a slab home with solid framing. 2 bedroom, 1 bath with large kitchen. Nice large backyard. The ceiling in the living room has fallen but it doesn't appear to be from rain/water damage.

17. 2020-10-13
    listed $16,900 Active 192-char remark

    Show marketing remark (192 chars)

    This is a slab home with solid framing. 2 bedroom, 1 bath with large kitchen. Nice large backyard. The ceiling in the living room has fallen but it doesn't appear to be from rain/water damage.

ⓘ 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: $448 · $37/mo
• Projected year-2 tax: $448 · $37/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 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 5/10 Major 8 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,596
• − Mortgage interest: −$2,801
• − Property taxes: −$448
• − Insurance: −$1,048
• − Repairs & maintenance: −$1,008
• − Management: −$1,008
• − Depreciation: −$1,455
• Taxable income: $4,829
• Est. tax owed @ 24.0%: −$1,159
• After-tax cash flow: $4,149/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

+195.9% since first listed

4 events — show timeline

• 2026-04-08 Listed $50,000 Greater Alabama MLS
• 2020-10-23 Pending — Greater Alabama MLS
• 2020-10-23 Sold (MLS) $13,900 Greater Alabama MLS
• 2020-10-13 Listed $16,900 Greater Alabama MLS

Property tax history

-3.2%/yr

Latest (2025): $448 · +0.0% YoY. Source: county tax records.