3633 Oak Ave SW · Birmingham, AL 35221

$38,500

3 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 21 Days on market

Built 1952 1,263 sqft lot

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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 +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks

3-bedroom, 1-bath home with lots of potential! This home offers a good amount of space and a layout that can work well for a owner-occupants, a rental, or investment property. There is a yard with room to enjoy the outdoors and space for parking. The home does need repairs and updates, but it could be a great opportunity for someone ready to put in some work and make it their own. Perfect for investors, flippers, or buyers looking for a fixer-upper with potential.

Key facts

• Space for parking
• 1,263 sq ft lot
• Built 1952

Tags

• SPACE FOR PARKING

Property features AI

Finance

• Other: Property in the Trevellick subdivision; Parcel ID: 29-00-19-3-034-008.000; Lot size approximately 0.029 acres
• Financial info: No financial rental/investor income or expense details provided
• HOA & community: No HOA/community information provided

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Septic sewer; Electric water heater; Internet service available
• Home design: Existing property; Siding vinyl exterior
• Construction: Vinyl siding; Pillar/support foundation
• Exterior features: No pool, patio, deck, or garden listed; Not waterfront; Flood plain: No; Lot has no notable view

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Three bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom with tub/shower combo on the main level
• Heating & cooling: No heat; No air conditioning
• Interior features: Smooth ceilings; No additional interior features listed
• Laundry & utility: Main-level laundry room with washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $38k).
• Recommended offer: $38k (1.5% below list) — sets the bar for market timing.
• Cap rate 23.5% 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-, 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: Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: 26 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.3%/yr); year-one equity from $266 of loan paydown is wiped out by about $507 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 (-1.3% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($38k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1952 — 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 $37,922 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.81% ✓
• Cap rate: 23.50%
• Cash-on-cash: 61.45%
• DSCR: 3.73
• GRM: 3.0

CMA / ARV

• ARV (on-the-fly): $77,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4011 Walnut Ave SW	0.28mi	3/1.0	1,372 (+6%)	10mo	$80,000	$58	68
2812 32nd Way SW	0.42mi	3/1.0	1,205 (-7%)	4mo	$35,000	$29	65
3208 Cedar Ave SW	0.54mi	3/1.0	1,232 (-5%)	11mo	$82,000	$67	57
4100 Park Ave	0.37mi	3/1.0	1,125 (-13%)	10mo	$82,500	$73	52
3329 Park Ave SW	0.62mi	3/1.0	1,176 (-9%)	6mo	$59,900	$51	50
4008 Grasselli Ave	0.54mi	3/1.0	1,153 (-11%)	8mo	$85,000	$74	50
3008 Elmyra Dr	0.39mi	3/2.0	1,104 (-15%)	13mo	$88,000	$80	42
3304 Spaulding St SW	0.61mi	3/2.0	1,140 (-12%)	8mo	$40,000	$35	41
3433 Park Ave SW	0.50mi	2/1.0 (-1)	1,476 (+14%)	10mo	$44,100	$30	40
4628 SW Hillman Dr	0.74mi	4/2.0 (+1)	1,166 (-10%)	1mo	$69,900	$60	39
3112 Wenonah Dr SW	0.60mi	3/2.0	1,154 (-11%)	14mo	$69,900	$61	38
3245 Balsam Ave	0.60mi	3/1.0	1,114 (-14%)	15mo	$13,000	$12	36

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

Projected returns pro-forma

-1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 62.0%
• Equity multiple: 3.95×
• Total profit: $31,748
• Equity at exit: $8,710

10-year hold

• IRR: 65.2%
• Equity multiple: 8.02×
• Total profit: $75,650
• Equity at exit: $8,657

Cash invested: $10,780 (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 35221

• Home prices YoY: -1.1%
• Active inventory: 26
• Price-to-rent: 3.0×

Monthly cashflow live

• Estimated rent: $1,080 high
• Mortgage (P&I): −$202
• Tax from tax record: −$83 /mo · $999/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $552

Break-even live

Break-even rent $381

Max offer price $38,500

Occupancy floor 44%

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: $9,625
• Closing costs: $1,155
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3616 Maple Ave SW Birmingham, AL	2.0	1.0	1488	$950	$0.64	44d	1	0.10mi
3729 Pine Ave SW Birmingham, AL	3.0	1.0	1067	$1,100	$1.03	21d	1	0.13mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	44d	1	0.14mi
3736 Oak Ave SW Birmingham, AL	3.0	2.0	984	$1,050	$1.07	24d	1	0.15mi
4029 Walnut Ave SW Birmingham, AL	2.0	1.0	1300	$1,369	$1.05	3d	1	0.32mi
3720 Howard Ave SW Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	24d	1	0.41mi
3400 Walnut Ave SW Birmingham, AL	3.0	1.0	1133	$1,200	$1.06	44d	1	0.42mi
4120 George Ave SW Birmingham, AL	2.0	1.0	944	$850	$0.90	24d	1	0.46mi
3332 Walnut Ave SW Birmingham, AL	3.0	1.0	1339	$750	$0.56	19d	1	0.49mi
4009 Grasselli Ave SW Birmingham, AL	3.0	1.0	875	$900	$1.03	24d	1	0.55mi
3417 Park Ave SW Birmingham, AL	4.0	1.0	1402	$900	$0.64	44d	1	0.55mi
3515 Carver Ave SW Birmingham, AL	3.0	1.0	1584	$1,075	$0.68	24d	1	0.60mi
3515 Carver Ave SW Birmingham, AL	3.0	1.0	1580	$1,100	$0.70	3d	1	0.60mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	12d	1	0.85mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	24d	1	0.85mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	0.85mi
2548 28th St SW Birmingham, AL	3.0	2.0	1762	$1,000	$0.57	2d	1	0.88mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	44d	1	0.92mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	0.96mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	44d	1	0.99mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	44d	1	1.00mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	44d	1	1.02mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	44d	1	1.03mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	16d	1	1.07mi
1838 31st St SW Birmingham, AL	3.0	2.0	1400	$1,223	$0.87	16d	1	1.08mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	44d	1	1.11mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	44d	1	1.14mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	24d	1	1.17mi
830 Burwell St Birmingham, AL	3.0	1.5	1011	$1,200	$1.19	44d	1	1.17mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	24d	1	1.19mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	44d	1	1.19mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	24d	1	1.22mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	44d	1	1.23mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	16d	1	1.25mi
1633 29th St SW Birmingham, AL	3.0	2.0	1658	$1,200	$0.72	44d	1	1.31mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	24d	1	1.39mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	3d	1	1.44mi
2516 Powderly Ave SW Birmingham, AL	3.0	1.0	1236	$1,050	$0.85	44d	1	1.45mi
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	44d	1	1.47mi
1341 Pineview Rd Birmingham, AL	4.0	2.0	1409	$1,300	$0.92	44d	1	1.48mi

Listing history 14 events

1. 2026-06-18
   days on market $38,500 Active 21 DOM
2. 2026-06-17
   days on market $38,500 Active 20 DOM
3. 2026-06-16
   days on market $38,500 Active 19 DOM
4. 2026-06-15
   days on market $38,500 Active 18 DOM
5. 2026-06-13
   days on market $38,500 Active 16 DOM
6. 2026-06-10
   days on market $38,500 Active 13 DOM
7. 2026-06-09
   days on market $38,500 Active 12 DOM
8. 2026-06-08
   days on market $38,500 Active 11 DOM
9. 2026-06-07
   days on market $38,500 Active 10 DOM
10. 2026-06-03
    days on market $38,500 Active 6 DOM
11. 2026-06-02
    days on market $38,500 Active 5 DOM
12. 2026-06-01
    days on market $38,500 Active 4 DOM
13. 2026-05-31
    days on market $38,500 Active 3 DOM
14. 2026-05-28
    listed $38,500 Active

ⓘ 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: $999 · $83/mo
• Projected year-2 tax: $999 · $83/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,960
• − Mortgage interest: −$2,157
• − Property taxes: −$999
• − Insurance: −$192
• − Repairs & maintenance: −$1,037
• − Management: −$1,037
• − Depreciation: −$1,120
• Taxable income: $6,418
• Est. tax owed @ 24.0%: −$1,540
• After-tax cash flow: $5,084/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
• City population: 210,422
• Population (ZIP): 3,127

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 (89%)
• Race & ethnicity: Black 89% Two or more races 7% Hispanic / Latino 6% White 4%
• Hispanic origin (detail): Mexican 6%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -1.32%
• Current HPI: 121.0566
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2026-05-28 Listed $38,500 Greater Alabama MLS

Property tax history

+9.6%/yr

Latest (2025): $999 · +0.0% YoY. Source: county tax records.