549 68th Pl N · Birmingham, AL 35206

$50,000

2 bd · 1.0 ba · 724 sqft · SingleFamily public records · 27 Days on market

Built 1950 6,098 sqft lot Est $61k · 18% 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

Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

Key facts

• Tenant occupied
• Functional layout
• Fenced backyard

Tags

• INVESTMENT OPPORTUNITY
• TENANT OCCUPIED
• FENCED BACKYARD
• FUNCTIONAL LAYOUT
• LOW MAINTENANCE APPEAL
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lot size approximately 0.14 acres; Located in the Wahouma Park subdivision

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing (pre-built) home; Siding (other)
• Construction: Crawl space foundation
• Exterior features: Front porch; No pool, patio, deck, or garden; Property not waterfront

Interior

• Kitchen: Laminate countertops
• Bedrooms: Two bedrooms on the main level
• Flooring: Hardwood; Vinyl
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Hardwood and vinyl floors; Ceilings: see remarks; Brick wood-burning fireplace in the living room; No additional interior features listed
• Laundry & utility: Main-level laundry in a closet; Washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $462 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 17.4% 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; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $346 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 $14k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $10k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 2.06% ✓
• Cap rate: 17.38%
• Cash-on-cash: 39.60%
• DSCR: 2.76
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $60,816
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7130 N 4th Ave	0.14mi	2/1.0	754 (+4%)	21mo	$70,000	$93	69
7128 N 4th Ct	0.17mi	2/1.0	754 (+4%)	21mo	$97,500	$129	68
7401 2nd Ave N	0.44mi	2/1.0	728 (+1%)	19mo	$32,000	$44	63
7205 2nd Ave S	0.57mi	2/1.0	771 (+6%)	2mo	$65,000	$84	61
565 N 68th Pl	0.04mi	3/1.0 (+1)	784 (+8%)	23mo	$45,000	$57	60
4320 69th St N	0.49mi	3/1.0 (+1)	800 (+10%)	1mo	$16,000	$20	54

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: 34.6%
• Equity multiple: 2.44×
• Total profit: $20,134
• Equity at exit: $7,455

10-year hold

• IRR: 40.8%
• Equity multiple: 4.62×
• Total profit: $50,663
• Equity at exit: $4,323

Cash invested: $14,000 (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: 4.1×

Monthly cashflow live

• Estimated rent: $1,028 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$67 /mo · $802/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $462

Break-even live

Break-even rent $443

Max offer price $50,000

Occupancy floor 50%

Sensitivity live

Price	-10% $490	-5% $476	+0% $462	+5% $448	+10% $434
Rent	-10% $381	-5% $421	+0% $462	+5% $503	+10% $543
Rate	-1.0pp $487	-0.5pp $475	base $462	+0.5pp $449	+1.0pp $436

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	44d	1	0.46mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	44d	1	1.13mi
516 Athens Ct Birmingham, AL	2.0	1.0	738	$1,123	$1.52	2d	1	1.24mi

Listing history 29 events

1. 2026-06-18
   days on market $50,000 Active 27 DOM
2. 2026-06-17
   days on market $50,000 Active 26 DOM
3. 2026-06-16
   days on market $50,000 Active 25 DOM
4. 2026-06-15
   days on market $50,000 Active 24 DOM
5. 2026-06-13
   pricedays on market $50,000 Active 22 DOM
6. 2026-06-10
   days on market $60,000 Active 19 DOM
7. 2026-06-09
   days on market $60,000 Active 18 DOM
8. 2026-06-08
   days on market $60,000 Active 17 DOM
9. 2026-06-07
   days on market $60,000 Active 16 DOM
10. 2026-06-03
    days on market $60,000 Active 12 DOM
11. 2026-06-02
    days on market $60,000 Active 11 DOM
12. 2026-06-01
    days on market $60,000 Active 10 DOM
13. 2026-05-31
    days on market $60,000 Active 9 DOM
14. 2026-05-22
    listed $60,000 Active
15. 2023-10-05
    soldstatus $45,000 Sold 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

16. 2023-10-05
    soldstatus $45,000

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

17. 2023-08-28
    historical Contingent 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

18. 2023-08-21
    price $49,900 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

19. 2023-08-09
    price $52,500 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

20. 2023-05-18
    price $53,500 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

21. 2023-04-25
    listed $54,900 Active 170-char remark

    Show marketing remark (170 chars)

    Attention Investors-check out this 2 bedroom 1 full bath home. The backyard is fenced and flat. Priced to sell. CURRENTLY RENTED FOR $550/month with tenant in place. .. .

22. 2021-08-18
    soldstatus $440,000
23. 2021-08-15
    soldstatus $45,000 Sold 400-char remark

    Show marketing remark (400 chars)

    This property is rented/Sec 8 tenant for $675/mo. No showings will be permitted without a 48 hour notice to the tenant - no exceptions. This property is one of ten properties offered in a bulk deal. This property is professionally managed. The asking price for the bulk package is $ 592,800. Ten properties in bulk deal: 1290798,1290794,1290786,1290785,1290742,1290514,1290504,1290800,1290805,1290815

24. 2021-07-15
    historical 400-char remark

    Show marketing remark (400 chars)

    This property is rented/Sec 8 tenant for $675/mo. No showings will be permitted without a 48 hour notice to the tenant - no exceptions. This property is one of ten properties offered in a bulk deal. This property is professionally managed. The asking price for the bulk package is $ 592,800. Ten properties in bulk deal: 1290798,1290794,1290786,1290785,1290742,1290514,1290504,1290800,1290805,1290815

25. 2021-07-02
    listed $42,000 Active 400-char remark

    Show marketing remark (400 chars)

    This property is rented/Sec 8 tenant for $675/mo. No showings will be permitted without a 48 hour notice to the tenant - no exceptions. This property is one of ten properties offered in a bulk deal. This property is professionally managed. The asking price for the bulk package is $ 592,800. Ten properties in bulk deal: 1290798,1290794,1290786,1290785,1290742,1290514,1290504,1290800,1290805,1290815

26. 2015-03-03
    soldstatus $108,000
27. 2015-03-03
    soldstatus $158,500
28. 2015-03-03
    soldstatus $206,000
29. 2014-06-20
    soldstatus $13,000

ⓘ 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: $802 · $67/mo
• Projected year-2 tax: $802 · $67/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: $12,332
• − Mortgage interest: −$2,801
• − Property taxes: −$802
• − Insurance: −$250
• − Repairs & maintenance: −$987
• − Management: −$987
• − Depreciation: −$1,455
• Taxable income: $5,052
• Est. tax owed @ 24.0%: −$1,212
• After-tax cash flow: $4,332/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

+361.5% since first listed

16 events — show timeline

• 2026-05-22 Listed $60,000 Greater Alabama MLS
• 2023-10-05 Sold (Public Records) $45,000 Public Records
• 2023-10-05 Sold (MLS) $45,000 Greater Alabama MLS
• 2023-08-28 Contingent — Greater Alabama MLS
• 2023-08-21 Price Changed $49,900 Greater Alabama MLS
• 2023-08-09 Price Changed $52,500 Greater Alabama MLS
• 2023-05-18 Price Changed $53,500 Greater Alabama MLS
• 2023-04-25 Listed $54,900 Greater Alabama MLS
• 2021-08-18 Sold (Public Records) $440,000 Public Records
• 2021-08-15 Sold (MLS) $45,000 Greater Alabama MLS
• 2021-07-15 Delisted — Greater Alabama MLS
• 2021-07-02 Listed $42,000 Greater Alabama MLS
• 2015-03-03 Sold (Public Records) $206,000 Public Records
• 2015-03-03 Sold (Public Records) $158,500 Public Records
• 2015-03-03 Sold (Public Records) $108,000 Public Records
• 2014-06-20 Sold (Public Records) $13,000 Public Records

Property tax history

+3.2%/yr

Latest (2025): $802 · -11.8% YoY. Source: county tax records.