3712 68th St N · Birmingham, AL 35206

$60,000

3 bd · 1.0 ba · 1,162 sqft · SingleFamily public records · 44 Days on market

Built 1950 0.34 ac lot $52/sqft · 10% below area Est $67k · 10% 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 +12.1/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Attention investors: This 3-bedroom, 1-bath single-family home, located in an established Birmingham neighborhood, offers an excellent opportunity to expand your rental portfolio. The property is currently tenant-occupied on a month-to-month lease, providing immediate income potential with added flexibility for future plans. Ideally situated with close proximity to shopping, dining, and key commuter routes, this property presents strong potential for consistent returns and long-term value.

Key facts

• 0.34 acre lot
• Built 1950
• Listed 44 days

Tags

• CLOSE PROXIMITY TO SHOPPING
• CLOSE PROXIMITY TO DINING

Property features AI

Finance

• Other: Lot size approximately 0.34 acres; Subdivision: WAHOUMA PARK
• Financial info: No investor or income/expense details provided
• HOA & community: No association fee

Exterior

• Parking: Driveway and off-street parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing construction; Siding (other) exterior
• Construction: Crawl space foundation
• Exterior features: No pool; No patio or garden/patio; No decks; Not waterfront; Flood plain: no

Interior

• Kitchen: Electric stove; Laminate countertops
• Bedrooms: Multiple bedrooms on the main level
• Flooring: Carpet
• Bathrooms: One full bathroom with tub/shower combination
• Heating & cooling: Central heating; Central cooling
• Interior features: Carpet floors; Ceilings noted as 'Other (see remarks)'; No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup provided; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $486 ($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: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.0% 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: Rents rising (+1.8%/yr); 130 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d 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 32% of the median local income ($43k/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 $415 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 + 1.8% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $9k; list at $60k implies a 586% 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 $58,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.87% ✓
• Cap rate: 16.02%
• Cash-on-cash: 34.74%
• DSCR: 2.55
• GRM: 4.5

CMA / ARV

• ARV (median comp): $66,784
• List price: $60,000
• Delta: -10.16%
• 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
7105 3rd Ave N	0.28mi	3/2.0	1,231 (+6%)	11mo	$169,900	$138	64
6817 Division Ave	0.57mi	3/1.0	1,104 (-5%)	3mo	$93,000	$84	62
7113 3rd Ave N	0.28mi	3/2.0	1,231 (+6%)	15mo	$169,900	$138	60
128 N 68th St	0.45mi	3/1.0	1,120 (-4%)	17mo	$68,000	$61	59
316 72nd St N	0.23mi	2/1.0 (-1)	1,048 (-10%)	14mo	$54,499	$52	57
7405 4th Ave N	0.38mi	3/1.0	1,287 (+11%)	12mo	$20,000	$16	54
7209 1st Ave S	0.63mi	3/1.0	1,202 (+3%)	14mo	$123,000	$102	53
220 69th Pl N	0.32mi	3/1.0	1,000 (-14%)	13mo	$45,500	$46	51
6724 S 2nd Ave	0.73mi	4/2.0 (+1)	1,188 (+2%)	3mo	$113,000	$95	51
6712 2nd Ave S	0.74mi	4/2.5 (+1)	1,132 (-3%)	2mo	$149,900	$132	49
221 72nd St S	0.74mi	3/1.0	1,015 (-13%)	2mo	$75,000	$74	43
7506 1st Ave S	0.73mi	4/1.0 (+1)	1,324 (+14%)	1mo	$60,000	$45	37

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 · 1.82% rent growth · sell at horizon

5-year hold

• IRR: 28.9%
• Equity multiple: 2.19×
• Total profit: $19,946
• Equity at exit: $8,946

10-year hold

• IRR: 35.6%
• Equity multiple: 4.10×
• Total profit: $52,013
• Equity at exit: $5,188

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 35206

• Home prices YoY: -32.0%
• Rents YoY: 1.8%
• Active inventory: 130
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,122 high
• Mortgage (P&I): −$315
• Tax from tax record: −$61 /mo · $726/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $486

Break-even live

Break-even rent $507

Max offer price $60,000

Occupancy floor 52%

Sensitivity live

Price	-10% $520	-5% $503	+0% $486	+5% $469	+10% $452
Rent	-10% $398	-5% $442	+0% $486	+5% $531	+10% $575
Rate	-1.0pp $517	-0.5pp $502	base $486	+0.5pp $471	+1.0pp $455

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 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	45d	1	0.33mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	17d	1	0.51mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	45d	1	0.53mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	25d	1	0.56mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	16d	1	0.57mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	45d	1	0.61mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	3d	1	0.64mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	45d	1	0.68mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	45d	1	0.69mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	5d	1	0.76mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	45d	1	0.85mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	45d	1	0.85mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	25d	1	0.88mi
8020 4th Ave N Birmingham, AL	3.0	1.0	1200	$1,200	$1.00	45d	1	0.93mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	45d	1	0.97mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	3d	1	1.00mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	3d	1	1.07mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	45d	1	1.07mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	25d	1	1.08mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	45d	1	1.08mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	45d	1	1.08mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	25d	1	1.08mi
7829 3rd Ave S Birmingham, AL	3.0	1.5	1005	$1,025	$1.02	45d	1	1.11mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	5d	1	1.13mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	45d	1	1.13mi
8021 1st Ave S Unit A Birmingham, AL	3.0	1.0	980	$950	$0.97	25d	1	1.14mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	3d	1	1.15mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	25d	1	1.18mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	45d	1	1.19mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	45d	1	1.22mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	4d	1	1.24mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	45d	1	1.25mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	45d	1	1.25mi
8300 4th Ave N Birmingham, AL	4.0	2.0	1455	$1,300	$0.89	45d	1	1.28mi
8128 2nd Ave S Birmingham, AL	4.0	1.0	1390	$1,150	$0.83	25d	1	1.29mi
8149 1st Ave S Birmingham, AL	3.0	2.0	1300	$1,200	$0.92	45d	1	1.30mi
8129 2nd Ave S Unit B Birmingham, AL	2.0	1.0	900	$800	$0.89	45d	1	1.30mi
8035 4th Ave S Birmingham, AL	3.0	2.0	1096	$1,050	$0.96	45d	1	1.32mi
8333 4th Ave N Birmingham, AL	4.0	2.0	1384	$1,300	$0.94	45d	1	1.36mi
8108 4th Ave S Birmingham, AL	3.0	2.0	1384	$1,200	$0.87	45d	1	1.36mi

Listing history 15 events

1. 2026-06-15
   status $60,000 Pending 44 DOM
2. 2026-06-15
   days on market $60,000 Active 44 DOM
3. 2026-06-13
   days on market $60,000 Active 42 DOM
4. 2026-06-10
   days on market $60,000 Active 39 DOM
5. 2026-06-09
   days on market $60,000 Active 38 DOM
6. 2026-06-08
   days on market $60,000 Active 37 DOM
7. 2026-06-07
   days on market $60,000 Active 36 DOM
8. 2026-06-03
   days on market $60,000 Active 32 DOM
9. 2026-06-02
   days on market $60,000 Active 31 DOM
10. 2026-06-01
    days on market $60,000 Active 30 DOM
11. 2026-05-31
    days on market $60,000 Active 29 DOM
12. 2026-05-02
    listed $60,000 Active 494-char remark
13. 2007-12-17
    soldstatus $8,750
14. 2002-03-14
    soldstatus $51,230
15. 1992-04-15
    soldstatus $9,000

ⓘ 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: $726 · $61/mo
• Projected year-2 tax: $726 · $61/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 ≥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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,467
• − Mortgage interest: −$3,361
• − Property taxes: −$726
• − Insurance: −$300
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$1,745
• Taxable income: $5,179
• Est. tax owed @ 24.0%: −$1,243
• After-tax cash flow: $4,594/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): 15,621
• Household income: $42,549
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 1169.0

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 (73%)
• Race & ethnicity: Black 73% White 22% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 0%

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: ▼ -68.70%
• Current HPI: 146.2168
• Rent YoY: ▲ 1.82%
• 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

+566.7% since first listed

5 events — show timeline

• 2026-06-15 Pending — Greater Alabama MLS
• 2026-05-02 Listed $60,000 Greater Alabama MLS
• 2007-12-17 Sold (Public Records) $8,750 Public Records
• 2002-03-14 Sold (Public Records) $51,230 Public Records
• 1992-04-15 Sold (Public Records) $9,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $726 · +0.0% YoY. Source: county tax records.