5814 Court Q · Birmingham, AL 35228

$59,900

3 bd · 1.0 ba · 912 sqft · SingleFamily public records · 41 Days on market

Built 1952 6,969 sqft lot $66/sqft · 17% below area Est $72k · 17% 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
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.9/10.0

Listing remarks MLS

Conveniently located to shopping, schools and the interstate, this 3-bedroom home sits on a nice, flat lot with a fenced back yard. The home has a nice-sized front porch and room for extra storage. Right of redemption may apply. Contact your agent today to schedule a showing.

Key facts

• 6,969 sq ft lot
• Built 1952
• Listed 41 days

Property features AI

Finance

• Other: Parcel ID: 29-00-18-1-011-036.000; Approximately 0.16 acres; Minor subdivision: PARK COURTS
• Financial info: Fire, garbage, and library fees included
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Gas water heater; Internet availability unknown
• Home design: Existing construction; Siding (other)
• Construction: Crawl space foundation; Siding exterior
• Exterior features: Fenced yard; Crawl space foundation

Interior

• Kitchen: Laminate countertops; Kitchen on the main level
• Bedrooms: 3 bedrooms on the main level; Bedroom layout includes three separate bedrooms
• Flooring: Carpet
• Bathrooms: 1 full bathroom on the main level; Linen closet
• Heating & cooling: No heating; No air conditioning
• Interior features: Smooth ceilings; No additional interior features listed
• Laundry & utility: Main-level laundry area; Washer hookup; Gas dryer hookup; Water heater is gas

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 $493 ($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 16.2% 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: Central Park Elementary School (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 447 students, 83% FRL); George Washington Carver High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 531 students, 87% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-1.5%/yr); 87 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); 68% 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 (-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 + 0.0% 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 41 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y 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 $27k; list at $60k implies a 122% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: 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→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1952 — 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: 1.88% ✓
• Cap rate: 16.17%
• Cash-on-cash: 35.27%
• DSCR: 2.57
• GRM: 4.4

CMA / ARV

• ARV (median comp): $72,434
• List price: $59,900
• Delta: -17.30%
• 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
5700 Avenue P	0.21mi	3/1.0	936 (+3%)	7mo	$109,000	$116	80
5800 Court Q	0.03mi	3/1.0	1,024 (+12%)	2mo	$111,000	$108	77
1560 Meadow Ln	0.25mi	3/1.0	1,008 (+10%)	1mo	$87,000	$86	70
2724 Lee Ave SW	0.51mi	3/1.0	960 (+5%)	1mo	$72,000	$75	66
5541 Court P	0.16mi	2/1.0 (-1)	1,035 (+14%)	1mo	$35,000	$34	64
5800 Court	0.37mi	2/1.0 (-1)	860 (-6%)	6mo	$83,700	$97	63
2920 Garrison Ave SW	0.35mi	3/1.0	992 (+9%)	10mo	$13,000	$13	60
1509 Burgin Ave	0.47mi	3/1.0	1,011 (+11%)	5mo	$17,500	$17	56
4929 Avenue R	0.58mi	2/1.0 (-1)	962 (+6%)	5mo	$43,000	$45	55
2820 Wesley Ave SW	0.47mi	3/1.0	1,048 (+15%)	11mo	$62,000	$59	44
1272 Pineview Rd	0.58mi	2/1.0 (-1)	816 (-10%)	9mo	$60,000	$74	43
5321 Avenue K	0.72mi	2/1.0 (-1)	792 (-13%)	8mo	$30,100	$38	33

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 27.5%
• Equity multiple: 2.10×
• Total profit: $18,395
• Equity at exit: $8,931

10-year hold

• IRR: 33.2%
• Equity multiple: 3.61×
• Total profit: $43,702
• 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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,128 high
• Mortgage (P&I): −$314
• Tax from tax record: −$59 /mo · $712/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $493

Break-even live

Break-even rent $504

Max offer price $59,900

Occupancy floor 51%

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
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	44d	1	0.01mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	44d	1	0.04mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	44d	1	0.25mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	44d	1	0.25mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	3d	1	0.26mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	24d	1	0.27mi
5604 Terrace O Birmingham, AL	4.0	1.0	1072	$1,325	$1.24	44d	1	0.27mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	44d	1	0.27mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.32mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	44d	1	0.34mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	24d	1	0.40mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	44d	1	0.43mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	44d	1	0.43mi
2409 Garrison Ave SW Birmingham, AL	4.0	2.0	1000	$1,295	$1.29	44d	1	0.54mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	44d	1	0.58mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	44d	1	0.59mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	44d	1	0.61mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	44d	1	0.71mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	44d	1	0.72mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	44d	1	0.72mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	15d	1	0.73mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	44d	1	0.77mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	24d	1	0.77mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	44d	1	0.79mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	44d	1	0.80mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	44d	1	0.80mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	44d	1	0.84mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	24d	1	0.88mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	44d	1	0.90mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	24d	1	0.93mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	21d	1	0.96mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	3d	1	0.97mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	3d	1	1.01mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	44d	1	1.02mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	44d	1	1.03mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	44d	1	1.07mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	44d	1	1.09mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	3d	1	1.10mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	44d	1	1.11mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	1.15mi

Listing history 19 events

1. 2026-06-18
   days on market $59,900 Active 41 DOM
2. 2026-06-17
   days on market $59,900 Active 40 DOM
3. 2026-06-16
   days on market $59,900 Active 39 DOM
4. 2026-06-15
   days on market $59,900 Active 38 DOM
5. 2026-06-13
   days on market $59,900 Active 36 DOM
6. 2026-06-10
   days on market $59,900 Active 33 DOM
7. 2026-06-09
   days on market $59,900 Active 32 DOM
8. 2026-06-08
   days on market $59,900 Active 31 DOM
9. 2026-06-07
   days on market $59,900 Active 30 DOM
10. 2026-06-03
    days on market $59,900 Active 26 DOM
11. 2026-06-02
    days on market $59,900 Active 25 DOM
12. 2026-06-01
    days on market $59,900 Active 24 DOM
13. 2026-05-31
    days on market $59,900 Active 23 DOM
14. 2026-05-08
    listed $59,900 Active 27-char remark
15. 2016-03-07
    soldstatus $27,000 Sold 276-char remark

    Show marketing remark (276 chars)

    Conveniently located to shopping, schools and the interstate, this 3-bedroom home sits on a nice, flat lot with a fenced back yard. The home has a nice-sized front porch and room for extra storage. Right of redemption may apply. Contact your agent today to schedule a showing.

16. 2016-01-31
    price $27,900 276-char remark

    Show marketing remark (276 chars)

    Conveniently located to shopping, schools and the interstate, this 3-bedroom home sits on a nice, flat lot with a fenced back yard. The home has a nice-sized front porch and room for extra storage. Right of redemption may apply. Contact your agent today to schedule a showing.

17. 2015-12-31
    listed $31,900 Active 276-char remark

    Show marketing remark (276 chars)

    Conveniently located to shopping, schools and the interstate, this 3-bedroom home sits on a nice, flat lot with a fenced back yard. The home has a nice-sized front porch and room for extra storage. Right of redemption may apply. Contact your agent today to schedule a showing.

18. 1999-04-05
    soldstatus $37,000
19. 1987-10-01
    soldstatus $34,500

ⓘ 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: $712 · $59/mo
• Projected year-2 tax: $712 · $59/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 · 18 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: $13,541
• − Mortgage interest: −$3,355
• − Property taxes: −$712
• − Insurance: −$300
• − Repairs & maintenance: −$1,083
• − Management: −$1,083
• − Depreciation: −$1,743
• Taxable income: $5,265
• Est. tax owed @ 24.0%: −$1,264
• After-tax cash flow: $4,653/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): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+73.6% since first listed

6 events — show timeline

• 2026-05-08 Listed $59,900 Greater Alabama MLS
• 2016-03-07 Sold (MLS) $27,000 Greater Alabama MLS
• 2016-01-31 Price Changed $27,900 Greater Alabama MLS
• 2015-12-31 Listed $31,900 Greater Alabama MLS
• 1999-04-05 Sold (Public Records) $37,000 Public Records
• 1987-10-01 Sold (Public Records) $34,500 Public Records

Property tax history

+0.6%/yr

Latest (2025): $712 · +0.0% YoY. Source: county tax records.