621 Bell Ave · Tarrant, AL 35217

$70,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 64 Days on market

Built 2004 10,454 sqft lot $69/sqft · 18% above area Est $59k · 18% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.4/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 621 Bell Avenue, a charming 3-bedroom, 1-bath home built in 2004 that checks all the boxes for both cash flow and comfortable living. Featuring a fully fenced backyard and a spacious deck, this property is perfect for tenants who value outdoor space, or for an owner looking to enjoy quiet evenings or weekend entertaining. Located in the path of growth, this home sits just minutes from the continued revitalization of downtown Birmingham, with easy access to key corridors like Finley Boulevard and I-65. Nearby developments and expansions around the BJCC and the ever-popular Protective Stadium are bringing new energy, events, and economic activity to the area, all of which help drive rental demand and long-term appreciation. With continued investment pouring into Birmingham’s northside and surrounding neighborhoods, this area is steadily gaining attention from savvy investors looking to get in early. Buyer to verify any and all information deemed important.

Key facts

• Spacious deck
• 0.24 acre lot
• Built 2004

Tags

• FULLY FENCED BACKYARD
• SPACIOUS DECK
• EASY ACCESS TO KEY CORRIDORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.8% vs local median 11.0% in Tarrant — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 51/100 on livability (#507 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, schools F, amenities F.
• Tarrant City (suburban): math 4% / reading 17% proficiency, ranked #121 of 129 in AL (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 89% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.6%/yr); 94 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); 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 34% of the median local income ($40k/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 $484 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 + 3.6% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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 $58k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 1.66% ✓
• Cap rate: 13.82%
• Cash-on-cash: 26.90%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

• ARV (median comp): $59,230
• List price: $70,000
• Delta: 18.18%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
621 Bell Ave	0.00mi	3/1.0	1,008 (0%)	1mo	$68,000	$67	99
817 Jackson Blvd	0.23mi	3/1.0	1,025 (+2%)	1mo	$114,429	$112	85
4300 Pulaski St	0.21mi	2/1.0 (-1)	1,045 (+4%)	1mo	$45,000	$43	78
725 Fulton Ave	0.12mi	3/1.0	1,110 (+10%)	5mo	$80,050	$72	73
1316 Spring St	0.07mi	2/1.0 (-1)	920 (-9%)	8mo	$34,000	$37	70
4316 Gadsden St	0.41mi	2/1.0 (-1)	1,048 (+4%)	5mo	$50,000	$48	66
4125 43rd Ave N	0.56mi	2/1.0 (-1)	981 (-3%)	4mo	$28,000	$29	61
4208 50th Ave N	0.43mi	3/1.0	1,104 (+10%)	7mo	$67,500	$61	58
3929 41st Ave N	0.57mi	2/1.0 (-1)	1,120 (+11%)	2mo	$52,000	$46	48
4232 42nd St N	0.61mi	3/2.0	1,092 (+8%)	11mo	$126,000	$115	45
4021 43rd Ave N	0.51mi	2/1.0 (-1)	1,150 (+14%)	10mo	$18,000	$16	40
1104 Jackson Blvd	0.57mi	3/2.0	1,128 (+12%)	13mo	$116,000	$103	39

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 21.5%
• Equity multiple: 1.88×
• Total profit: $17,330
• Equity at exit: $10,437

10-year hold

• IRR: 30.0%
• Equity multiple: 3.75×
• Total profit: $53,995
• Equity at exit: $6,052

Cash invested: $19,600 (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 35217

• Rents YoY: 3.6%
• Active inventory: 94
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,159 high
• Mortgage (P&I): −$367
• Tax from tax record: −$80 /mo · $957/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $439

Break-even live

Break-even rent $602

Max offer price $70,000

Occupancy floor 57%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	3d	1	0.08mi
4344 Pulaski St Birmingham, AL	3.0	1.0	1268	$1,050	$0.83	43d	1	0.13mi
732 Fulton Ave Birmingham, AL	4.0	2.0	1320	$1,450	$1.10	43d	1	0.15mi
4329 Pulaski St Birmingham, AL	3.0	2.0	1240	$1,353	$1.09	23d	1	0.15mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	43d	1	0.15mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	3d	1	0.15mi
4301 Greenwood St Birmingham, AL	3.0	1.0	1140	$1,025	$0.90	2d	1	0.24mi
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	43d	1	0.27mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	43d	1	0.29mi
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	43d	1	0.31mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	43d	1	0.32mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	0.41mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	23d	1	0.43mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.43mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	43d	1	0.44mi
1043 Jackson Blvd Birmingham, AL	4.0	2.0	1300	$1,095	$0.84	14d	1	0.48mi
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.49mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	19d	1	0.53mi
1237 Elm Ave Birmingham, AL	2.0	1.5	1312	$1,150	$0.88	43d	1	0.60mi
5025 43rd Pl N Birmingham, AL	4.0	2.0	1017	$1,300	$1.28	43d	1	0.61mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	43d	1	0.63mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	43d	1	0.64mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	43d	1	0.64mi
4925 43rd Way N Birmingham, AL	3.0	2.0	1232	$1,461	$1.19	1d	1	0.66mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	0.68mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	43d	1	0.70mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	43d	1	0.71mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	43d	1	0.79mi
1045 Waverly St Birmingham, AL	3.0	1.0	1014	$1,000	$0.99	43d	1	0.79mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	14d	1	0.83mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	43d	1	0.83mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	43d	1	0.83mi
1249 Waverly St Birmingham, AL	3.0	1.0	1260	$1,000	$0.79	43d	1	0.86mi
1137 Sloan Ave Birmingham, AL	2.0	1.0	750	$750	$1.00	14d	1	0.87mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	19d	1	0.87mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	23d	1	0.91mi
1415 Virginia St Birmingham, AL	2.0	1.0	781	$650	$0.83	43d	1	0.92mi
1439 Sloan Ave Birmingham, AL	3.0	1.0	936	$900	$0.96	43d	1	0.94mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	19d	1	0.94mi
1076 Green St Birmingham, AL	3.0	1.0	1172	$1,050	$0.90	16d	1	1.02mi

Listing history 10 events

1. 2026-05-31
   days on market $70,000 Active 64 DOM
2. 2026-03-28
   listed $70,000 Active 985-char remark

   Show marketing remark (985 chars)

   Welcome to 621 Bell Avenue, a charming 3-bedroom, 1-bath home built in 2004 that checks all the boxes for both cash flow and comfortable living. Featuring a fully fenced backyard and a spacious deck, this property is perfect for tenants who value outdoor space, or for an owner looking to enjoy quiet evenings or weekend entertaining. Located in the path of growth, this home sits just minutes from the continued revitalization of downtown Birmingham, with easy access to key corridors like Finley Boulevard and I-65. Nearby developments and expansions around the BJCC and the ever-popular Protective Stadium are bringing new energy, events, and economic activity to the area, all of which help drive rental demand and long-term appreciation. With continued investment pouring into Birmingham’s northside and surrounding neighborhoods, this area is steadily gaining attention from savvy investors looking to get in early. Buyer to verify any and all information deemed important.

3. 2025-07-31
   price $84,750
4. 2025-05-17
   price $89,750
5. 2023-09-22
   soldstatus $57,500
6. 2023-09-20
   soldstatus $57,500 Sold
7. 2023-09-08
   historical Contingent
8. 2023-05-05
   price $57,500
9. 2022-09-21
   listed $67,500 Active
10. 2021-07-06
    soldstatus $400,000

ⓘ 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: $957 · $80/mo
• Projected year-2 tax: $957 · $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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,903
• − Mortgage interest: −$3,921
• − Property taxes: −$957
• − Insurance: −$350
• − Repairs & maintenance: −$1,112
• − Management: −$1,112
• − Depreciation: −$2,036
• Taxable income: $4,415
• Est. tax owed @ 24.0%: −$1,060
• After-tax cash flow: $4,212/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: Tarrant City
• NCES district ID: 0103270
• Math proficiency: 4% ▼ -14.00%
• Reading proficiency: 17% ▼ -2.00%
• Median HH income: $29,256
• Composite: 8.0/100
• National rank: #9924
• State rank: #121 of 129 in AL

Livability — Tarrant

• Score: 51/100
• State rank: #507
• US rank: #25136

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment F Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarrant, AL
• County: Jefferson County · 527,445 people
• City population: 12,240
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 12,240
• Household income: $40,486
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 594.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 57% White 27% Hispanic / Latino 14% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 3% Italian 1%
• Foreign-born: 7% · Canada, Guatemala
• Languages at home: 86% English-only · Spanish 13%

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: ▼ -74.54%
• Current HPI: 117.416
• Rent YoY: ▲ 3.58%
• 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

-82.5% since first listed

9 events — show timeline

• 2026-03-28 Listed $70,000 Greater Alabama MLS
• 2025-07-31 Price Changed $84,750 Greater Alabama MLS
• 2025-05-17 Price Changed $89,750 Greater Alabama MLS
• 2023-09-22 Sold (Public Records) $57,500 Public Records
• 2023-09-20 Sold (MLS) $57,500 Greater Alabama MLS
• 2023-09-08 Contingent — Greater Alabama MLS
• 2023-05-05 Price Changed $57,500 Greater Alabama MLS
• 2022-09-21 Listed $67,500 Greater Alabama MLS
• 2021-07-06 Sold (Public Records) $400,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $957 · -2.2% YoY. Source: county tax records.