7308 4th Ave N · Birmingham, AL 35206

$99,900

3 bd · 1.0 ba · 1,196 sqft · SingleFamily public records · 4 Days on market

Built 1950 8,712 sqft lot Est $67k · 49% over

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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 +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +6.4/10.0
• Livability +3.4/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice rental opportunity in East Lake. Only needs a moderate amount of work to get it rented. Located next to the interstate.

Key facts

• Updated electrical
• New hvac
• New sewer line

Tags

• NEW SEWER LINE
• NEW HVAC
• UPDATED ELECTRICAL
• TUB SHOWER RESURFACED

Property features AI

Exterior

• Parking: Assigned parking
• Security: No security features listed
• Utilities: Public water; Sewer connected; Electric water heater; Internet service availability: unknown
• Home design: Existing home; Single-story living area (rooms listed at level 1); Subdivision: East Lake
• Construction: Hardiplank siding; Crawl space foundation
• Exterior features: No deck, patio, pool, or garden/patio reported; Not waterfront

Interior

• Kitchen: Gas stove; Laminate countertops
• Bedrooms: Three bedrooms, all on the main level
• Flooring: Hardwood and laminate floors
• Bathrooms: One full bathroom, located on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceilings: Other (see remarks); No additional built-in interior features listed
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $190 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 9.4% 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: Barrett Elementary School (math 2% / reading 8%, grade F, #618 of 627 statewide, top 100%, 405 students, 88% 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); 128 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); 65% 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 $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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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 $9k; list at $100k implies a 1022% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1950 — 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 $99,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.14% ✓
• Cap rate: 9.38%
• Cash-on-cash: 11.01%
• DSCR: 1.49
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $66,976
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7405 4th Ave N	0.09mi	3/1.0	1,287 (+8%)	12mo	$20,000	$16	73
7105 3rd Ave N	0.24mi	3/2.0	1,231 (+3%)	11mo	$169,900	$138	71
7209 1st Ave S	0.47mi	3/1.0	1,202 (+0%)	13mo	$123,000	$102	66
6817 Division Ave	0.60mi	3/1.0	1,104 (-8%)	3mo	$93,000	$84	56
7917 4th Ave N	0.61mi	3/1.0	1,272 (+6%)	5mo	$55,000	$43	56
316 72nd St N	0.17mi	2/1.0 (-1)	1,048 (-12%)	14mo	$54,499	$52	55
7506 1st Ave S	0.47mi	4/1.0 (+1)	1,324 (+11%)	1mo	$60,000	$45	54
313 80th St N	0.68mi	3/1.0	1,280 (+7%)	5mo	$52,000	$41	52
7709 S 1st Ave	0.60mi	3/1.0	1,064 (-11%)	3mo	$60,000	$56	51
7907 5th Ave	0.59mi	2/2.0 (-1)	1,240 (+4%)	9mo	$46,250	$37	49
7923 4th Ave N	0.62mi	3/2.0	1,320 (+10%)	1mo	$145,000	$110	49
7424 4th Ave S	0.68mi	3/2.0	1,269 (+6%)	10mo	$215,000	$169	46

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: -5.2%
• Equity multiple: 0.81×
• Total profit: $-5,387
• Equity at exit: $14,895

10-year hold

• IRR: 3.0%
• Equity multiple: 1.20×
• Total profit: $5,658
• Equity at exit: $8,638

Cash invested: $27,972 (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: 128
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,142 high
• Mortgage (P&I): −$524
• Tax from tax record: −$80 /mo · $960/yr
• Insurance: −$42
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $190

Break-even live

Break-even rent $901

Max offer price $99,900

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: $24,975
• Closing costs: $2,997
• 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	43d	1	0.40mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	2d	1	0.45mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	43d	1	0.47mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	43d	1	0.49mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	23d	1	0.57mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	16d	1	0.60mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	43d	1	0.61mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	43d	1	0.62mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	43d	1	0.62mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	3d	1	0.64mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	23d	1	0.64mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	14d	1	0.68mi
8020 4th Ave N Birmingham, AL	3.0	1.0	1200	$1,200	$1.00	43d	1	0.73mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	43d	1	0.75mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	43d	1	0.75mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	43d	1	0.83mi
7829 3rd Ave S Birmingham, AL	3.0	1.5	1005	$1,025	$1.02	43d	1	0.87mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	2d	1	0.89mi
8021 1st Ave S Unit A Birmingham, AL	3.0	1.0	980	$950	$0.97	23d	1	0.90mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	1d	1	0.92mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	23d	1	0.96mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	43d	1	0.97mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	43d	1	1.03mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	43d	1	1.03mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	3d	1	1.03mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	43d	1	1.04mi
8128 2nd Ave S Birmingham, AL	4.0	1.0	1390	$1,150	$0.83	23d	1	1.05mi
8129 2nd Ave S Unit B Birmingham, AL	2.0	1.0	900	$800	$0.89	43d	1	1.07mi
8149 1st Ave S Birmingham, AL	3.0	2.0	1300	$1,200	$0.92	43d	1	1.07mi
8035 4th Ave S Birmingham, AL	3.0	2.0	1096	$1,050	$0.96	43d	1	1.08mi
8300 4th Ave N Birmingham, AL	4.0	2.0	1455	$1,300	$0.89	43d	1	1.09mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	23d	1	1.12mi
8108 4th Ave S Birmingham, AL	3.0	2.0	1384	$1,200	$0.87	43d	1	1.12mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	1d	1	1.16mi
8333 4th Ave N Birmingham, AL	4.0	2.0	1384	$1,300	$0.94	43d	1	1.17mi
512 81st St S Birmingham, AL	3.0	1.0	1156	$1,150	$0.99	43d	1	1.17mi
7931 7th Ave S Birmingham, AL	3.0	1.0	1320	$1,450	$1.10	43d	1	1.18mi
514 81st St S Birmingham, AL	4.0	2.0	1174	$1,295	$1.10	43d	1	1.18mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	43d	1	1.19mi
7823 Rugby Ave Birmingham, AL	3.0	1.0	1023	$1,175	$1.15	43d	1	1.20mi

Listing history 5 events

1. 2026-06-18
   days on market $99,900 Active 4 DOM
2. 2026-06-17
   days on market $99,900 Active 3 DOM
3. 2026-06-16
   days on market $99,900 Active 2 DOM
4. 2026-06-15
   remarks 138-char remark
5. 2026-06-15
   listed $99,900 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: $960 · $80/mo
• Projected year-2 tax: $960 · $80/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 9/10 Extreme FEMA zone X (unshaded) · 99% 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: $13,703
• − Mortgage interest: −$5,596
• − Property taxes: −$960
• − Insurance: −$1,297
• − Repairs & maintenance: −$1,096
• − Management: −$1,096
• − Depreciation: −$2,906
• Taxable income: $752
• Est. tax owed @ 24.0%: −$180
• After-tax cash flow: $2,101/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

+909.1% since first listed

4 events — show timeline

• 2026-06-14 Listed $99,900 Greater Alabama MLS
• 2016-09-20 Sold (MLS) $8,900 Greater Alabama MLS
• 2016-09-06 Contingent — Greater Alabama MLS
• 2016-08-11 Listed $9,900 Greater Alabama MLS

Property tax history

+12.7%/yr

Latest (2025): $960 · +0.0% YoY. Source: county tax records.