7313 3rd Ave S · Birmingham, AL 35206

$59,900

3 bd · 1.0 ba · 1,082 sqft · SingleFamily public records · 94 Days on market

Built 1930 8,276 sqft lot $55/sqft · 32% below area Est $87k · 32% under

---

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 +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3-bedroom, 1-bath home in East Lake presents a fantastic investment opportunity—whether you're looking to start or expand your income-producing portfolio. Conveniently located near shopping, restaurants, and easy interstate access, this property offers strong rental potential in a desirable and accessible area.

Key facts

• 8,276 sq ft lot
• Built 1930
• Listed 94 days

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 $487 ($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: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.1% 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: 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); 52% 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 $414 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 94 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask has dropped $10k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $54,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.88% ✓
• Cap rate: 16.06%
• Cash-on-cash: 34.87%
• DSCR: 2.55
• GRM: 4.4

CMA / ARV

• ARV (median comp): $87,466
• List price: $59,900
• Delta: -31.52%
• 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
221 72nd St S	0.11mi	3/1.0	1,015 (-6%)	2mo	$75,000	$74	83
7709 S 1st Ave	0.42mi	3/1.0	1,064 (-2%)	3mo	$60,000	$56	75
6817 Division Ave	0.51mi	3/1.0	1,104 (+2%)	3mo	$93,000	$84	70
758 Vanderbilt St	0.72mi	3/2.0	1,096 (+1%)	3mo	$175,000	$160	58
7830 5th Ave S	0.67mi	3/1.0	1,151 (+6%)	1mo	$142,500	$124	57
7801 7th Ave S	0.68mi	3/1.0	1,040 (-4%)	8mo	$125,000	$120	55
6712 2nd Ave S	0.58mi	4/2.5 (+1)	1,132 (+5%)	2mo	$149,900	$132	53
7432 Queenstown Ave	0.69mi	3/2.0	1,127 (+4%)	5mo	$179,000	$159	52
400 72nd St N	0.64mi	3/1.0	958 (-12%)	1mo	$39,500	$41	50
718 78th St S	0.68mi	2/1.0 (-1)	1,037 (-4%)	8mo	$60,000	$58	50
6724 S 2nd Ave	0.56mi	4/2.0 (+1)	1,188 (+10%)	3mo	$113,000	$95	46
6713 Harve Ave	0.64mi	2/1.0 (-1)	936 (-14%)	9mo	$35,000	$37	35

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: 29.1%
• Equity multiple: 2.19×
• Total profit: $20,023
• Equity at exit: $8,931

10-year hold

• IRR: 35.8%
• Equity multiple: 4.11×
• Total profit: $52,153
• Equity at exit: $5,179

Cash invested: $16,772 (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: 4.4×

Monthly cashflow live

• Estimated rent: $1,125 high
• Mortgage (P&I): −$314
• Tax from tax record: −$62 /mo · $744/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $487

Break-even live

Break-even rent $508

Max offer price $59,900

Occupancy floor 52%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	3d	1	0.14mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	2d	1	0.23mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	43d	1	0.25mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	43d	1	0.25mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	2d	1	0.29mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	43d	1	0.32mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	43d	1	0.32mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	43d	1	0.34mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	43d	1	0.38mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	23d	1	0.47mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	3d	1	0.48mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	43d	1	0.49mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	23d	1	0.50mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	43d	1	0.50mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	23d	1	0.54mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	43d	1	0.54mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	43d	1	0.54mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	11d	1	0.57mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	43d	1	0.57mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	43d	1	0.57mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	43d	1	0.58mi
7404 Paris Ave Birmingham, AL	3.0	1.5	802	$1,200	$1.50	43d	1	0.60mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	1d	1	0.62mi
7313 Paris Ave Birmingham, AL	3.0	2.0	1000	$1,395	$1.40	3d	1	0.65mi
7829 3rd Ave S Birmingham, AL	3.0	1.5	1005	$1,025	$1.02	43d	1	0.65mi
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	43d	1	0.65mi
7216 Paris Ave Birmingham, AL	3.0	1.5	966	$1,125	$1.16	19d	1	0.66mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	43d	1	0.69mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	16d	1	0.69mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	43d	1	0.72mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,300	$1.30	43d	1	0.76mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,275	$1.27	3d	1	0.76mi
7823 Rugby Ave Birmingham, AL	3.0	1.0	1023	$1,175	$1.15	43d	1	0.76mi
7827 Rugby Ave Birmingham, AL	3.0	1.0	1365	$850	$0.62	3d	1	0.77mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	14d	1	0.79mi
7825 Rugby Ct Birmingham, AL	2.0	1.0	929	$875	$0.94	21d	1	0.81mi
836 Vanderbilt St Birmingham, AL	3.0	1.0	1072	$850	$0.79	23d	1	0.83mi
7931 7th Ave S Birmingham, AL	3.0	1.0	1320	$1,450	$1.10	43d	1	0.84mi
8021 1st Ave S Unit A Birmingham, AL	3.0	1.0	980	$950	$0.97	23d	1	0.85mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	23d	1	0.85mi

Listing history 28 events

1. 2026-06-18
   days on market $59,900 Active 94 DOM
2. 2026-06-17
   days on market $59,900 Active 93 DOM
3. 2026-06-16
   days on market $59,900 Active 92 DOM
4. 2026-06-15
   days on market $59,900 Active 91 DOM
5. 2026-06-13
   days on market $59,900 Active 89 DOM
6. 2026-06-10
   days on market $59,900 Active 86 DOM
7. 2026-06-09
   days on market $59,900 Active 85 DOM
8. 2026-06-08
   days on market $59,900 Active 84 DOM
9. 2026-06-07
   days on market $59,900 Active 83 DOM
10. 2026-06-03
    pricedays on market $59,900 Active 79 DOM
11. 2026-06-02
    days on market $64,900 Active 78 DOM
12. 2026-06-01
    days on market $64,900 Active 77 DOM
13. 2026-05-31
    days on market $64,900 Active 76 DOM
14. 2026-04-29
    price $64,900 323-char remark

    Show marketing remark (323 chars)

    This 3-bedroom, 1-bath home in East Lake presents a fantastic investment opportunity—whether you're looking to start or expand your income-producing portfolio. Conveniently located near shopping, restaurants, and easy interstate access, this property offers strong rental potential in a desirable and accessible area.

15. 2026-04-13
    status Active 323-char remark

    Show marketing remark (323 chars)

    This 3-bedroom, 1-bath home in East Lake presents a fantastic investment opportunity—whether you're looking to start or expand your income-producing portfolio. Conveniently located near shopping, restaurants, and easy interstate access, this property offers strong rental potential in a desirable and accessible area.

16. 2026-03-20
    status Pending 323-char remark

    Show marketing remark (323 chars)

    This 3-bedroom, 1-bath home in East Lake presents a fantastic investment opportunity—whether you're looking to start or expand your income-producing portfolio. Conveniently located near shopping, restaurants, and easy interstate access, this property offers strong rental potential in a desirable and accessible area.

17. 2026-02-20
    listed $69,900 Active 323-char remark

    Show marketing remark (323 chars)

    This 3-bedroom, 1-bath home in East Lake presents a fantastic investment opportunity—whether you're looking to start or expand your income-producing portfolio. Conveniently located near shopping, restaurants, and easy interstate access, this property offers strong rental potential in a desirable and accessible area.

18. 2021-12-28
    soldstatus $198,000
19. 2021-12-02
    soldstatus $59,000 Sold 223-char remark

    Show marketing remark (223 chars)

    This 3 Bedroom 1 Bath home, located in East Lake, is a woderful opportunity to add or start an income producing portfolio. This home is not vacant, so dont disturb the tenant. But, please check the location and the lot out.

20. 2021-10-30
    historical 223-char remark

    Show marketing remark (223 chars)

    This 3 Bedroom 1 Bath home, located in East Lake, is a woderful opportunity to add or start an income producing portfolio. This home is not vacant, so dont disturb the tenant. But, please check the location and the lot out.

21. 2021-10-25
    listed $59,000 Active 223-char remark

    Show marketing remark (223 chars)

    This 3 Bedroom 1 Bath home, located in East Lake, is a woderful opportunity to add or start an income producing portfolio. This home is not vacant, so dont disturb the tenant. But, please check the location and the lot out.

22. 2020-08-27
    soldstatus $815,000
23. 2015-09-23
    soldstatus $27,900
24. 2015-08-27
    historical
25. 2014-12-12
    listed $27,900
26. 2008-11-18
    soldstatus $116,747
27. 2006-03-01
    soldstatus $63,000
28. 1995-01-31
    soldstatus $23,000

ⓘ 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: $744 · $62/mo
• Projected year-2 tax: $744 · $62/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 ≥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: $13,495
• − Mortgage interest: −$3,355
• − Property taxes: −$744
• − Insurance: −$300
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$1,743
• Taxable income: $5,195
• Est. tax owed @ 24.0%: −$1,247
• After-tax cash flow: $4,602/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

+182.2% since first listed

15 events — show timeline

• 2026-04-29 Price Changed $64,900 Greater Alabama MLS
• 2026-04-13 Relisted — Greater Alabama MLS
• 2026-03-20 Pending — Greater Alabama MLS
• 2026-02-20 Listed $69,900 Greater Alabama MLS
• 2021-12-28 Sold (Public Records) $198,000 Public Records
• 2021-12-02 Sold (MLS) $59,000 Greater Alabama MLS
• 2021-10-30 Delisted — Greater Alabama MLS
• 2021-10-25 Listed $59,000 Greater Alabama MLS
• 2020-08-27 Sold (Public Records) $815,000 Public Records
• 2015-09-23 Sold (MLS) $27,900 Greater Alabama MLS
• 2015-08-27 Delisted — Greater Alabama MLS
• 2014-12-12 Listed $27,900 Greater Alabama MLS
• 2008-11-18 Sold (Public Records) $116,747 Public Records
• 2006-03-01 Sold (Public Records) $63,000 Public Records
• 1995-01-31 Sold (Public Records) $23,000 Public Records

Property tax history

-0.2%/yr

Latest (2025): $744 · +0.0% YoY. Source: county tax records.