6812 68th St S · Birmingham, AL 35212

$145,900

3 bd · 1.0 ba · 1,566 sqft · SingleFamily public records · 291 Days on market

Built 1963 10,454 sqft lot $93/sqft · 16% above area Est $126k · 16% over ↓ 23% since listing

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Why this score? — see what drove the F 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 +15.9/30.0
• DSCR +4.9/10.0
• 1% rule +3.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.4/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW PRICE! All offers considered. FREE MONEY AVAILABLE - Up to $20,000 Grant Available with preferred lender for down payment & closing costs! Welcome to beautiful 6812 68th Street So that sits on a huge corner lot with spacious front & back yards. Gorgeous huge windows, spacious living room with fantastic LINEAR FIREPLACE, dining room and Kitchen complete the main level. Stainless steel appliances in the beautiful bright kitchen with gleaming quartz counter tops and deep openbowl sink and gooseneck faucet complete the cozy kitchen. The second level includes three spacious bedrooms, beautiful large bathroom with modern, sleek new fixtures. Downstairs you'll find a huge den perfect for entertaining and a full bath with walk-in shower. It could also be used as bedroom 4 or as an inlaw or teen suite (it has its own main level entrance). LVP Hardwoods throughout entire home! Lots of parking with a spacious driveway and garage. Huge backyard for entertaining finishes off this nice home.

Key facts

• Huge corner lot
• Deep openbowl sink
• 0.24 acre lot

Tags

• HUGE CORNER LOT
• SPACIOUS FRONT AND BACK YARDS
• FANTASTIC LINEAR FIREPLACE
• STAINLESS STEEL APPLIANCES
• GLEAMING QUARTZ COUNTER TOPS
• DEEP OPENBOWL SINK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $146k.

Deal economics

• At list price, monthly cash flow is $69 ($827/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (16.1% below list).
• Recommended offer: $122k (16.1% below list) — sets the bar for 1% rule.

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: 81 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 51% 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 40% of the median local income ($37k/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 $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 291 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $122,480 (16.1% below list)

Questions for the listing agent

1. It's been on market 291 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.84% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.02%
• DSCR: 1.09
• GRM: 9.9

CMA / ARV

• ARV (median comp): $126,130
• List price: $145,900
• Delta: 15.67%
• 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
6724 Exeter Ave	0.08mi	3/1.0	1,635 (+4%)	8mo	$110,000	$67	82
7112 3rd Ave S	0.40mi	3/2.0	1,590 (+2%)	10mo	$151,000	$95	66
7416 67th St S	0.36mi	3/1.0	1,491 (-5%)	12mo	$17,000	$11	65
7305 Division Ave	0.67mi	3/2.0	1,561 (-0%)	3mo	$177,900	$114	62
6809 Crystal Hill Way	0.21mi	4/2.5 (+1)	1,701 (+9%)	4mo	$215,000	$126	61
7212 Oporto Madrid Blvd	0.67mi	3/1.0	1,604 (+2%)	4mo	$160,000	$100	61
114/112 72nd St S	0.50mi	3/2.0	1,640 (+5%)	6mo	$167,500	$102	60
7208 Division Ave	0.61mi	3/1.0	1,510 (-4%)	16mo	$65,000	$43	52
7028 1st Ave, Ave S	0.46mi	3/1.0	1,384 (-12%)	9mo	$62,000	$45	52
7321 1st Ave S	0.64mi	2/2.0 (-1)	1,442 (-8%)	10mo	$210,000	$146	40
7231 S 1st Ave	0.59mi	3/1.5	1,337 (-15%)	14mo	$90,000	$67	35
575 64th St S	0.74mi	3/2.0	1,763 (+13%)	10mo	$171,000	$97	32

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.53×
• Total profit: $-19,304
• Equity at exit: $21,754

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-11,359
• Equity at exit: $12,615

Cash invested: $40,852 (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 35212

• Active inventory: 81
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,225 high
• Mortgage (P&I): −$765
• Tax from tax record: −$73 /mo · $874/yr
• Insurance: −$61
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $69

Break-even live

Break-even rent $1,138

Max offer price $145,900

Occupancy floor 89%

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: $36,475
• Closing costs: $4,377
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	43d	1	0.28mi
7125 6th Ave S Birmingham, AL	3.0	2.0	1584	$1,188	$0.75	3d	1	0.38mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	3d	1	0.41mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	23d	1	0.43mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	43d	1	0.47mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	16d	1	0.54mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	1d	1	0.58mi
7420 3rd Ave S Birmingham, AL	4.0	2.0	1705	$1,450	$0.85	1d	1	0.67mi
601 Dublin Ave Birmingham, AL	4.0	1.5	1288	$1,050	$0.82	43d	1	0.67mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	2d	1	0.68mi
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	43d	1	0.70mi
7112 Naples Ave Birmingham, AL	4.0	2.0	1858	$1,731	$0.93	43d	1	0.71mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	43d	1	0.85mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	2d	1	0.92mi
6241 Crest Green Rd Birmingham, AL	3.0	2.0	1380	$1,210	$0.88	23d	1	0.99mi
6107 Crest Green Rd Birmingham, AL	2.0	1.5	1273	$995	$0.78	43d	1	1.03mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	43d	1	1.11mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	43d	1	1.12mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	1d	1	1.15mi
805 Vanderbilt St Birmingham, AL	4.0	2.0	1692	$1,291	$0.76	21d	1	1.18mi
836 Vanderbilt St Birmingham, AL	3.0	1.0	1072	$850	$0.79	23d	1	1.21mi
7827 Rugby Ave Birmingham, AL	3.0	1.0	1365	$850	$0.62	3d	1	1.24mi
2884 Montevallo Park Rd Irondale, AL	3.0	2.0	1275	$2,206	$1.73	2d	1	1.25mi
7824 Rugby Ct Birmingham, AL	4.0	1.5	1650	$1,275	$0.77	43d	1	1.25mi
5620 8th Ave S Birmingham, AL	3.0	1.0	1508	$2,400	$1.59	11d	1	1.31mi
7931 7th Ave S Birmingham, AL	3.0	1.0	1320	$1,450	$1.10	43d	1	1.34mi
8035 4th Ave S Birmingham, AL	3.0	2.0	1096	$1,050	$0.96	43d	1	1.41mi
7801 Vienna Ave Unit 1 Birmingham, AL	4.0	1.5	1880	$1,300	$0.69	43d	1	1.42mi
730 80th Pl S Birmingham, AL	4.0	1.0	2002	$1,350	$0.67	23d	1	1.42mi
8013 Rugby Ave Birmingham, AL	3.0	2.0	1460	$1,150	$0.79	23d	1	1.44mi
514 81st St S Birmingham, AL	4.0	2.0	1174	$1,295	$1.10	43d	1	1.45mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	43d	1	1.45mi
512 81st St S Birmingham, AL	3.0	1.0	1156	$1,150	$0.99	43d	1	1.45mi
768 80th Pl S Unit 1 Birmingham, AL	3.0	2.0	1134	$1,200	$1.06	43d	1	1.47mi
8108 4th Ave S Birmingham, AL	3.0	2.0	1384	$1,200	$0.87	43d	1	1.50mi

Listing history 16 events

1. 2026-06-18
   days on market $145,900 Active 291 DOM
2. 2026-06-17
   days on market $145,900 Active 290 DOM
3. 2026-06-16
   days on market $145,900 Active 289 DOM
4. 2026-06-15
   days on market $145,900 Active 288 DOM
5. 2026-06-13
   days on market $145,900 Active 286 DOM
6. 2026-06-10
   days on market $145,900 Active 283 DOM
7. 2026-06-09
   days on market $145,900 Active 282 DOM
8. 2026-06-08
   days on market $145,900 Active 281 DOM
9. 2026-06-07
   days on market $145,900 Active 280 DOM
10. 2026-06-03
    days on market $145,900 Active 276 DOM
11. 2026-06-02
    days on market $145,900 Active 275 DOM
12. 2026-06-01
    days on market $145,900 Active 274 DOM
13. 2026-05-31
    days on market $145,900 Active 273 DOM
14. 2026-04-22
    price $145,900 1009-char remark

    Show marketing remark (1009 chars)

    NEW PRICE! All offers considered. FREE MONEY AVAILABLE - Up to $20,000 Grant Available with preferred lender for down payment & closing costs! Welcome to beautiful 6812 68th Street So that sits on a huge corner lot with spacious front & back yards. Gorgeous huge windows, spacious living room with fantastic LINEAR FIREPLACE, dining room and Kitchen complete the main level. Stainless steel appliances in the beautiful bright kitchen with gleaming quartz counter tops and deep openbowl sink and gooseneck faucet complete the cozy kitchen. The second level includes three spacious bedrooms, beautiful large bathroom with modern, sleek new fixtures. Downstairs you'll find a huge den perfect for entertaining and a full bath with walk-in shower. It could also be used as bedroom 4 or as an inlaw or teen suite (it has its own main level entrance). LVP Hardwoods throughout entire home! Lots of parking with a spacious driveway and garage. Huge backyard for entertaining finishes off this nice home.

15. 2025-12-21
    price $159,900 1009-char remark

    Show marketing remark (1009 chars)

    NEW PRICE! All offers considered. FREE MONEY AVAILABLE - Up to $20,000 Grant Available with preferred lender for down payment & closing costs! Welcome to beautiful 6812 68th Street So that sits on a huge corner lot with spacious front & back yards. Gorgeous huge windows, spacious living room with fantastic LINEAR FIREPLACE, dining room and Kitchen complete the main level. Stainless steel appliances in the beautiful bright kitchen with gleaming quartz counter tops and deep openbowl sink and gooseneck faucet complete the cozy kitchen. The second level includes three spacious bedrooms, beautiful large bathroom with modern, sleek new fixtures. Downstairs you'll find a huge den perfect for entertaining and a full bath with walk-in shower. It could also be used as bedroom 4 or as an inlaw or teen suite (it has its own main level entrance). LVP Hardwoods throughout entire home! Lots of parking with a spacious driveway and garage. Huge backyard for entertaining finishes off this nice home.

16. 2025-08-31
    listed $189,900 Active 1009-char remark

    Show marketing remark (1009 chars)

    NEW PRICE! All offers considered. FREE MONEY AVAILABLE - Up to $20,000 Grant Available with preferred lender for down payment & closing costs! Welcome to beautiful 6812 68th Street So that sits on a huge corner lot with spacious front & back yards. Gorgeous huge windows, spacious living room with fantastic LINEAR FIREPLACE, dining room and Kitchen complete the main level. Stainless steel appliances in the beautiful bright kitchen with gleaming quartz counter tops and deep openbowl sink and gooseneck faucet complete the cozy kitchen. The second level includes three spacious bedrooms, beautiful large bathroom with modern, sleek new fixtures. Downstairs you'll find a huge den perfect for entertaining and a full bath with walk-in shower. It could also be used as bedroom 4 or as an inlaw or teen suite (it has its own main level entrance). LVP Hardwoods throughout entire home! Lots of parking with a spacious driveway and garage. Huge backyard for entertaining finishes off this nice home.

ⓘ 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: $874 · $73/mo
• Projected year-2 tax: $874 · $73/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 · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,698
• − Mortgage interest: −$8,173
• − Property taxes: −$874
• − Insurance: −$730
• − Repairs & maintenance: −$1,176
• − Management: −$1,176
• − Depreciation: −$4,244
• Taxable loss: −$1,674
• Est. tax savings @ 24.0%: +$402
• After-tax cash flow: $1,228/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): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 1%

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: ▼ -190.24%
• Current HPI: 120.1264
• Rent YoY: —
• 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

-23.2% since first listed

3 events — show timeline

• 2026-04-22 Price Changed $145,900 Greater Alabama MLS
• 2025-12-21 Price Changed $159,900 Greater Alabama MLS
• 2025-08-31 Listed $189,900 Greater Alabama MLS

Property tax history

+5.8%/yr

Latest (2025): $874 · +0.0% YoY. Source: county tax records.