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700 8th Terrace West
B+ Composite 79.13
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
  • Appreciation +5.3/10.0
  • Livability +3.4/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0
  • Schools +0.7/10.0

$59,500

700 8th Terrace West · Birmingham, AL 35204
3 bd · 1.0 ba · 1,449 sqft · SingleFamily public records · 72 Days on market
Built 1935 Fair condition 7,840 sqft lot $41/sqft · 49% below area Est $117k · 49% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. Take a drive by this three bedroom, one bath home and see if it may be your next investment. "As is" cash only sale with no contingencies or inspections. Buyer will be responsible for obtaining possession of the property upon closing. Subject to right of redemption.

Key facts

  • 7,840 sq ft lot
  • Built 1935
  • Listed 71 days

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $60k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $486 ($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: $56k (6.0% below list) — sets the bar for market timing.
  • Cap rate 16.1% vs local median 6.1% 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: Wilkerson Middle School (math 0% / reading 18%, grade F, #235 of 257 statewide, top 93%, 390 students, 89% FRL); Parker High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 826 students, 90% FRL).
  • Market conditions: 86 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 99d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 78% 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 38% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • In year one you build about $792 of equity ($411 loan paydown + $381 appreciation (0.6% local appreciation)).
  • Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
  • At projected returns (0.6% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 72 days — a 6% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
  • Current owner paid $31k; list at $60k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $55,930 (6.0% below list)

Questions for the listing agent

  1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. 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?
  7. 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?
  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
1.87%
Cap rate
16.10%
Cash-on-cash
35.04%
DSCR
2.56
GRM
4.5

CMA / ARV

ARV (median comp)
$117,256
List price
$59,500
Delta
-49.26%
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
704 9th Ct W 0.20mi 3/1.0 1,502 (+4%) 4mo $114,429 $76 81
933 6th St W 0.21mi 2/2.0 (-1) 1,392 (-4%) 4mo $35,000 $25 72
867 5th Pl W 0.15mi 3/2.0 1,300 (-10%) 3mo $150,000 $115 69
1017 7th Pl W 0.32mi 3/1.5 1,353 (-7%) 7mo $147,000 $109 66
963 3rd St W 0.47mi 3/1.0 1,444 (-0%) 15mo $75,500 $52 65
622 10th St W 0.39mi 3/1.0 1,360 (-6%) 10mo $85,000 $63 63
944 4th St W 0.34mi 3/2.0 1,560 (+8%) 6mo $170,000 $109 62
1114 7th Ave W 0.49mi 3/1.0 1,598 (+10%) 3mo $85,000 $53 58
1120 Graymont Ave W 0.52mi 3/1.5 1,632 (+13%) 4mo $55,000 $34 49
327 W 11th Ct 0.61mi 3/1.0 1,288 (-11%) 9mo $44,500 $35 46
1251 Graymont Ave 0.65mi 4/2.0 (+1) 1,623 (+12%) 2mo $65,000 $40 39
900 4th Ave W 0.58mi 3/1.5 1,232 (-15%) 10mo $115,000 $93 38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
36.9%
Equity multiple
2.86×
Total profit
$31,065
Equity at exit
$19,209
10-year hold
IRR
39.4%
Equity multiple
5.61×
Total profit
$76,882
Equity at exit
$24,694

Cash invested: $16,660 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
29 active · 15 under contract
Months of supply
14.5 mo (7%/mo absorbed)
Median asking
$114,900 ($78/sqft)
Median days on market
117 d
This list price
14% of active listings are priced below it
ARV vs active asking
+4.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35204

Home prices YoY
0.3%
Active inventory
86
Price-to-rent
4.5×

Monthly cashflow live

Estimated rent
$1,111 high interval (Pro) →
Mortgage (P&I)
$312
Tax from tax record
$54 /mo · $652/yr
Insurance
$25
HOA
$0
Vacancy / Maint / Mgmt
$233
Net cashflow
$486

Break-even live

Break-even rent $495
Max offer price $59,500
Occupancy floor 51%

Sensitivity live

Price -10% $520 -5% $503 +0% $486 +5% $470 +10% $453
Rent -10% $399 -5% $443 +0% $486 +5% $530 +10% $574
Rate -1.0pp $516 -0.5pp $502 base $486 +0.5pp $471 +1.0pp $455

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
$14,875
Closing costs
$1,785
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
905 7th St W Birmingham, AL 3.0 2.0 1029 $1,150 $1.12 139d 1 0.10mi
915 6th St W Birmingham, AL 3.0 1.0 1332 $1,075 $0.81 139d 1 0.16mi
854 5th St W Birmingham, AL 3.0 1.0 1501 $1,275 $0.85 139d 1 0.21mi
757 10th Ave W Birmingham, AL 2.0 1.0 1136 $1,000 $0.88 139d 1 0.24mi
410 8th Ter W Birmingham, AL 3.0 1.0 1440 $1,200 $0.83 111d 1 0.24mi
617 7th St W Birmingham, AL 3.0 1.5 1120 $1,175 $1.05 139d 1 0.28mi
827 6th Ave W Birmingham, AL 3.0 1.0 1214 $950 $0.78 93d 1 0.35mi
1101 7th Ave W Birmingham, AL 3.0 1.0 1248 $1,250 $1.00 139d 1 0.47mi
963 3rd St W Birmingham, AL 3.0 2.0 1444 $1,295 $0.90 119d 1 0.47mi
1114 7th Ave W Birmingham, AL 3.0 1.0 1598 $1,280 $0.80 77d 1 0.48mi
624 4th Ct W Birmingham, AL 3.0 1.5 992 $1,250 $1.26 139d 1 0.50mi
724 4th Ct W Birmingham, AL 3.0 1.0 1300 $775 $0.60 93d 1 0.52mi
517 11th Ct W Birmingham, AL 2.0 1.0 970 $795 $0.82 139d 1 0.52mi
612 12th St W Birmingham, AL 3.0 1.5 1242 $1,125 $0.91 9d 1 0.54mi
612 12th St W Birmingham, AL 3.0 1.5 1242 $1,150 $0.93 139d 1 0.54mi
1119 Graymont Ave W Birmingham, AL 3.0 1.0 1260 $1,023 $0.81 65d 1 0.55mi
1108 4th Ct W Birmingham, AL 3.0 2.0 1623 $1,125 $0.69 98d 1 0.68mi
1230 4th Ter W Birmingham, AL 3.0 2.0 1540 $875 $0.57 93d 1 0.75mi
1313 4th Ter W Birmingham, AL 3.0 2.0 1176 $950 $0.81 86d 1 0.80mi
456 1st St N Birmingham, AL 3.0 2.0 1316 $1,275 $0.97 7d 1 0.82mi
413 Fulton Ave SW Birmingham, AL 3.0 1.0 940 $525 $0.56 98d 1 0.83mi
524 Fulton Ave SW Birmingham, AL 4.0 1.0 1610 $1,150 $0.71 5d 1 0.83mi
644 Alabama Ave SW Birmingham, AL 3.0 1.0 1274 $1,099 $0.86 85d 1 0.87mi
608 Fulton Ave SW Birmingham, AL 3.0 1.0 1271 $1,300 $1.02 139d 1 0.88mi
451 2nd St N Birmingham, AL 4.0 3.0 1400 $1,600 $1.14 139d 1 0.94mi
719 Washington Ave SW Birmingham, AL 3.0 1.0 1064 $950 $0.89 107d 1 0.97mi
1509 4th Ave W Birmingham, AL 3.0 2.0 1300 $1,095 $0.84 62d 1 1.02mi
1642 Graymont Ave W Birmingham, AL 3.0 1.0 1219 $1,090 $0.89 98d 1 1.03mi
1153 2nd St N Birmingham, AL 3.0 1.0 1056 $1,150 $1.09 115d 1 1.04mi
3117 Pike Rd Birmingham, AL 3.0 2.0 1608 $1,400 $0.87 7d 1 1.06mi
3113 Pike Rd Birmingham, AL 3.0 2.0 1143 $1,275 $1.12 139d 1 1.06mi
3101 17th St W Unit ENSLEY Birmingham, AL 4.0 2.0 1500 $650 $0.43 9d 1 1.12mi
3101 17th St W Birmingham, AL 4.0 2.0 1500 $1,200 $0.80 65d 1 1.12mi
324 11th St SW Birmingham, AL 2.0 1.0 1287 $1,400 $1.09 9d 1 1.18mi
405 11th St SW Unit B Birmingham, AL 2.0 1.0 1065 $800 $0.75 139d 1 1.19mi
1621 2nd Ct W Birmingham, AL 3.0 1.0 1074 $1,095 $1.02 9d 1 1.20mi
1216 4th Pl N Birmingham, AL 3.0 2.0 1565 $1,050 $0.67 93d 1 1.22mi
1216 4th Pl N Birmingham, AL 3.0 2.0 1565 $1,150 $0.73 139d 1 1.22mi
2920 24th Street Ensley Unit ENSLEY Birmingham, AL 3.0 2.0 1800 $1,000 $0.56 9d 1 1.26mi
1216 Woodland Ave SW Birmingham, AL 3.0 1.0 1005 $1,053 $1.05 9d 1 1.27mi

Property features AI

Finance

Other
Directions available
HOA & community
No homeowners associationSubdivision: University Heights

Exterior

Parking
No parking
Utilities
Public waterPublic sewerElectric service
Home design
Single-family residenceOne storyBuilt in 1935Frame construction
Construction
Slab foundation
Exterior features
Public waterPublic sewerLevel lot (0.18 acres)

Interior

Bedrooms
6 total rooms (bedroom count not specified)
Bathrooms
1 full bathroom
Heating & cooling
Central electric coolingNatural gas heating (see remarks)
Interior features
One fireplace

Listing history 50 events

  1. 2026-09-24
    days on market $59,500 Active 72 DOM
  2. 2026-09-23
    days on market $59,500 Active 71 DOM
  3. 2026-09-22
    days on market $59,500 Active 70 DOM
  4. 2026-09-21
    days on market $59,500 Active 69 DOM
  5. 2026-09-20
    days on market $59,500 Active 68 DOM
  6. 2026-09-19
    days on market $59,500 Active 67 DOM
  7. 2026-09-18
    days on market $59,500 Active 66 DOM
  8. 2026-09-17
    days on market $59,500 Active 65 DOM
  9. 2026-09-16
    days on market $59,500 Active 64 DOM
  10. 2026-09-15
    days on market $59,500 Active 63 DOM
  11. 2026-09-14
    days on market $59,500 Active 62 DOM
  12. 2026-09-13
    days on market $59,500 Active 61 DOM
  13. 2026-09-12
    days on market $59,500 Active 60 DOM
  14. 2026-09-11
    days on market $59,500 Active 59 DOM
  15. 2026-09-05
    days on market $59,500 Active 53 DOM
  16. 2026-09-04
    days on market $59,500 Active 52 DOM
  17. 2026-09-03
    days on market $59,500 Active 51 DOM
  18. 2026-08-31
    days on market $59,500 Active 48 DOM
  19. 2026-08-30
    days on market $59,500 Active 47 DOM
  20. 2026-08-29
    days on market $59,500 Active 46 DOM
  21. 2026-08-28
    days on market $59,500 Active 45 DOM
  22. 2026-08-27
    days on market $59,500 Active 44 DOM
  23. 2026-08-25
    days on market $59,500 Active 42 DOM
  24. 2026-08-24
    days on market $59,500 Active 41 DOM
  25. 2026-08-23
    days on market $59,500 Active 40 DOM
  26. 2026-08-22
    days on market $59,500 Active 39 DOM
  27. 2026-08-21
    days on market $59,500 Active 38 DOM
  28. 2026-08-20
    days on market $59,500 Active 37 DOM
  29. 2026-08-19
    days on market $59,500 Active 36 DOM
  30. 2026-08-18
    days on market $59,500 Active 35 DOM
  31. 2026-08-17
    days on market $59,500 Active 34 DOM
  32. 2026-08-16
    days on market $59,500 Active 33 DOM
  33. 2026-08-15
    days on market $59,500 Active 32 DOM
  34. 2026-08-14
    days on market $59,500 Active 31 DOM
  35. 2026-08-13
    days on market $59,500 Active 30 DOM
  36. 2026-08-12
    days on market $59,500 Active 29 DOM
  37. 2026-08-11
    days on market $59,500 Active 28 DOM
  38. 2026-08-10
    days on market $59,500 Active 27 DOM
  39. 2026-08-09
    days on market $59,500 Active 26 DOM
  40. 2026-08-08
    days on market $59,500 Active 25 DOM
  41. 2026-08-07
    days on market $59,500 Active 24 DOM
  42. 2026-08-06
    days on market $59,500 Active 23 DOM
  43. 2026-08-05
    days on market $59,500 Active 22 DOM
  44. 2026-08-04
    days on market $59,500 Active 21 DOM
  45. 2026-08-03
    days on market $59,500 Active 20 DOM
  46. 2026-07-31
    days on market $59,500 Active 17 DOM
  47. 2026-07-30
    days on market $59,500 Active 16 DOM
  48. 2026-07-30
    remarks 342-char remark
  49. 2026-07-30
    days on marketlisting id $59,500 Active 15 DOM
  50. 2026-07-28
    days on market $59,500 Active 120 DOM

ⓘ 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
$652 · $54/mo
Projected year-2 tax
$652 · $54/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 · 17 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$13,331
− Mortgage interest
−$3,333
− Property taxes
−$652
− Insurance
−$298
− Repairs & maintenance
−$1,066
− Management
−$1,066
− Depreciation
−$1,731
Taxable income
$5,185
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,244
After-tax cash flow
$4,594/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $36,225–$65,205 screening

This single-family home requires moderate repairs, particularly to the exterior and roof, and could benefit from fresh paint and landscaping to increase its value.

Components & finishes AI

Roof asphalt shingle · good

Deferred maintenance Est. $11,500–$36,000 screening

  • Minor Roof (roof) — No visible signs of damage or wear
  • Minor Windows (windows) — No visible signs of damage or wear
  • Minor Electrical (electrical) — No visible signs of damage or wear
  • Major Exterior (exterior) — Significant wear and tear on exterior siding and paint

Repairs flagged

  • Major Paint — Chipping paint on exterior
  • Moderate Roof inspection — Shingles may need inspection

Value-add opportunities

  • Both Paint exterior — Fresh paint enhances curb appeal and value
  • Both Landscaping — Well-maintained landscaping improves curb appeal and value

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 7/100

Zoned Schools

Elementary Tuggle Elementary School F AL #591/627 Nat'l #39,587/41,679 Middle Wilkerson Middle School F AL #235/257 Nat'l #13,509/14,009 High Parker High School F AL #291/305 Nat'l #17,145/17,239

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
C Composite livability gradescore 67/100

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 · 669,185 people
City population
210,422
Metro
Birmingham-Hoover, AL
Population (ZIP)
8,953
Household income
$35,420
Rent vs Own
53.8% rent · 46.2% own
Severe rent burden
11% of renters

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 (86%)
Race & ethnicity
Black 86% White 7% Hispanic / Latino 5% Two or more races 2%
Foreign-born
3% · Canada
Languages at home
94% 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

Price history

+91.9% since first listed
3 events — show timeline
  • 2026-07-14 Listed $59,500 VMLS
  • 2026-06-27 Price Changed $59,500 Greater Alabama MLS
  • 1988-02-02 Sold (Public Records) $31,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $652 · +0.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…