7428 1st Ave S · Birmingham, AL 35206

$94,500

3 bd · 1.5 ba · 2,037 sqft · SingleFamily public records · 441 Days on market

Built 1920 Fair condition 0.32 ac lot $46/sqft · 46% below area Est $174k · 46% 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
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Livability +3.4/5.0
• Rent growth +3.0/5.0
• Condition / age +2.2/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Explore this 4 bedroom, 1 bath home in the heart of Woodlawn—an excellent opportunity for investors or homebuyers. This property offers classic charm and solid structure, with plenty of space to renovate or update. Located near ongoing revitalization efforts, parks, and local businesses, it’s ideal for adding to a rental portfolio or creating a personalized residence. Woodlawn’s growing appeal makes this a smart choice for long-term value.

Key facts

• Classic charm
• Near parks
• Solid structure

Tags

• CLASSIC CHARM
• SOLID STRUCTURE
• NEAR ONGOING REVITALIZATION
• NEAR PARKS
• NEAR LOCAL BUSINESSES
• GROWING APPEAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $94k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $448 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $94k).
• Recommended offer: $83k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% 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-, 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: Rents rising (+1.8%/yr); 223 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 49d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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 37% of the median local income ($43k/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 $653 of loan paydown is wiped out by about $3k 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 $26k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 441 days — a 12% lower offer ($83k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $83,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 441 days. Have you received any prior offers? Is the seller open to a 12% 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 1920 — 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: 1.38% ✓
• Cap rate: 11.98%
• Cash-on-cash: 20.32%
• DSCR: 1.90
• GRM: 6.1

CMA / ARV

• ARV (median comp): $174,022
• List price: $94,500
• Delta: -45.70%
• 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
219 72nd St S	0.29mi	3/1.0	1,960 (-4%)	6mo	$64,000	$33	73
701 71st Pl S	0.58mi	3/1.0	2,052 (+1%)	6mo	$85,000	$41	65
7116 6th Ct S	0.55mi	3/2.0	1,861 (-9%)	2mo	$108,000	$58	56
7722 8th Ave S	0.73mi	4/2.5 (+1)	2,044 (+0%)	5mo	$295,000	$144	52
7109 1st Ave S	0.33mi	4/2.0 (+1)	1,732 (-15%)	4mo	$164,900	$95	49
8030 3rd Ave N	0.74mi	3/2.0	2,020 (-1%)	17mo	$275,000	$136	48
425 80th St S	0.71mi	3/2.0	2,014 (-1%)	19mo	$155,000	$77	48
644 73rd St S	0.54mi	3/2.0	1,806 (-11%)	8mo	$100,833	$56	47
7400 Naples Ave	0.63mi	3/1.0	2,152 (+6%)	16mo	$130,000	$60	46
8030 1st Ave S	0.70mi	4/2.0 (+1)	2,241 (+10%)	7mo	$180,000	$80	38
7933 5th Ave S	0.70mi	3/1.5	1,829 (-10%)	18mo	$133,000	$73	35
743 Vanderbilt St	0.69mi	4/3.0 (+1)	2,320 (+14%)	5mo	$280,000	$121	30

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: 11.3%
• Equity multiple: 1.44×
• Total profit: $11,671
• Equity at exit: $14,090

10-year hold

• IRR: 19.4%
• Equity multiple: 2.54×
• Total profit: $40,686
• Equity at exit: $8,171

Cash invested: $26,460 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 19 active · 17 under contract
• Months of supply: 9.5 mo (11%/mo absorbed)
• Median asking: $139,000 ($78/sqft)
• Median days on market: 65 d
• This list price: 26% of active listings are priced below it
• ARV vs active asking: +9.1% vs current asking $/sqft

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

ZIP-level market 35206

• Home prices YoY: -32.0%
• Rents YoY: 1.8%
• Active inventory: 223
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$496
• Tax from tax record: −$45 /mo · $535/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $448

Break-even live

Break-even rent $734

Max offer price $94,500

Occupancy floor 61%

Sensitivity live

Price	-10% $502	-5% $475	+0% $448	+5% $421	+10% $395
Rent	-10% $345	-5% $397	+0% $448	+5% $499	+10% $551
Rate	-1.0pp $496	-0.5pp $472	base $448	+0.5pp $424	+1.0pp $399

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: $23,625
• Closing costs: $2,835
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7515 1st Ave S Birmingham, AL	3.0	2.0	1572	$1,150	$0.73	116d	1	0.05mi
7420 3rd Ave S Birmingham, AL	4.0	2.0	1705	$1,450	$0.85	107d	1	0.17mi
7609 3rd Ave S Birmingham, AL	3.0	2.0	1500	$1,225	$0.82	10d	1	0.22mi
7420 3rd Ave N Birmingham, AL	3.0	2.0	1610	$1,100	$0.68	38d	1	0.35mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	138d	1	0.49mi
7001 3rd Ave S Birmingham, AL	3.0	2.0	1500	$1,350	$0.90	7d	1	0.51mi
7125 6th Ave S Birmingham, AL	3.0	2.0	1584	$1,188	$0.75	144d	1	0.52mi
701 71st Pl S Birmingham, AL	3.0	1.0	2052	$1,100	$0.54	0d	1	0.59mi
720 72nd St S Birmingham, AL	4.0	1.0	2560	$975	$0.38	118d	1	0.59mi
126 69th Pl N Birmingham, AL	4.0	2.0	1708	$1,150	$0.67	10d	1	0.61mi
8003 3rd Ave N Birmingham, AL	3.0	1.0	1609	$1,395	$0.87	37d	1	0.65mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,300	$0.93	118d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,150	$0.82	23d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,150	$0.82	10d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,250	$0.89	49d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,250	$0.89	46d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,250	$0.89	55d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,300	$0.93	110d	1	0.77mi
8036 4th Ave N Birmingham, AL	3.0	2.0	1400	$1,300	$0.93	125d	1	0.77mi
6813 Frankfort Ave Birmingham, AL	3.0	1.0	1541	$1,022	$0.66	2d	1	0.78mi
7333 Paris Ave Birmingham, AL	4.0	2.0	1500	$1,395	$0.93	2d	1	0.79mi
7704 8th Ct S Birmingham, AL	3.0	1.0	1591	$1,195	$0.75	0d	1	0.79mi
7824 Rugby Ct Birmingham, AL	4.0	1.5	1650	$1,250	$0.76	10d	1	0.79mi
7313 Paris Ave Birmingham, AL	3.0	2.0	1600	$1,295	$0.81	110d	1	0.81mi
805 Vanderbilt St Birmingham, AL	4.0	2.0	1692	$1,291	$0.76	162d	1	0.82mi
730 80th Pl S Birmingham, AL	4.0	1.0	2002	$1,350	$0.67	164d	1	0.85mi
730 80th Pl S Birmingham, AL	4.0	1.0	2002	$1,350	$0.67	2d	1	0.85mi
7112 Naples Ave Birmingham, AL	4.0	2.0	1858	$1,731	$0.93	184d	1	0.85mi
7429 Rome Ave Birmingham, AL	3.0	1.0	1584	$1,350	$0.85	22d	1	0.86mi
8013 Rugby Ave Birmingham, AL	3.0	2.0	1460	$1,150	$0.79	164d	1	0.90mi
740 81st Pl S Birmingham, AL	4.0	2.0	1500	$1,395	$0.93	37d	1	0.96mi
7801 Vienna Ave Birmingham, AL	4.0	1.5	1880	$1,300	$0.69	10d	1	1.06mi
7801 Vienna Ave Unit 1 Birmingham, AL	4.0	1.5	1880	$1,300	$0.69	184d	1	1.06mi
8300 4th Ave N Birmingham, AL	4.0	2.0	1455	$1,100	$0.76	108d	1	1.07mi
513 83rd Pl S Birmingham, AL	3.0	2.0	1510	$1,050	$0.70	108d	1	1.12mi
8416 Division Ave Birmingham, AL	3.0	2.0	1470	$1,350	$0.92	184d	1	1.14mi
8433 8th Ave S Birmingham, AL	3.0	1.0	1594	$1,195	$0.75	10d	1	1.42mi
8433 8th Ave S Birmingham, AL	3.0	1.0	1594	$1,295	$0.81	22d	1	1.42mi
8208 12th Ave S Birmingham, AL	3.0	2.0	1599	$1,456	$0.91	133d	1	1.46mi

Listing history 50 events

1. 2026-11-08
   days on market $94,500 Active 441 DOM
2. 2026-11-07
   days on market $94,500 Active 440 DOM
3. 2026-11-06
   days on market $94,500 Active 439 DOM
4. 2026-11-05
   days on market $94,500 Active 438 DOM
5. 2026-11-04
   days on market $94,500 Active 437 DOM
6. 2026-11-02
   days on market $94,500 Active 435 DOM
7. 2026-11-01
   days on market $94,500 Active 434 DOM
8. 2026-10-31
   days on market $94,500 Active 433 DOM
9. 2026-10-30
   days on market $94,500 Active 432 DOM
10. 2026-10-29
    days on market $94,500 Active 431 DOM
11. 2026-10-28
    days on market $94,500 Active 430 DOM
12. 2026-10-27
    days on market $94,500 Active 429 DOM
13. 2026-10-26
    days on market $94,500 Active 428 DOM
14. 2026-10-26
    days on market $94,500 Active 427 DOM
15. 2026-10-24
    days on market $94,500 Active 426 DOM
16. 2026-10-23
    days on market $94,500 Active 425 DOM
17. 2026-10-22
    days on market $94,500 Active 424 DOM
18. 2026-10-21
    days on market $94,500 Active 423 DOM
19. 2026-10-20
    days on market $94,500 Active 422 DOM
20. 2026-10-19
    days on market $94,500 Active 421 DOM
21. 2026-10-18
    days on market $94,500 Active 420 DOM
22. 2026-10-17
    days on market $94,500 Active 419 DOM
23. 2026-10-16
    days on market $94,500 Active 418 DOM
24. 2026-10-15
    days on market $94,500 Active 417 DOM
25. 2026-10-14
    days on market $94,500 Active 416 DOM
26. 2026-10-13
    days on market $94,500 Active 415 DOM
27. 2026-10-12
    days on market $94,500 Active 414 DOM
28. 2026-10-11
    days on market $94,500 Active 413 DOM
29. 2026-10-10
    days on market $94,500 Active 412 DOM
30. 2026-10-09
    days on market $94,500 Active 411 DOM
31. 2026-10-08
    days on market $94,500 Active 410 DOM
32. 2026-10-07
    days on market $94,500 Active 409 DOM
33. 2026-10-06
    days on market $94,500 Active 408 DOM
34. 2026-10-05
    days on market $94,500 Active 407 DOM
35. 2026-10-05
    days on market $94,500 Active 406 DOM
36. 2026-10-02
    days on market $94,500 Active 404 DOM
37. 2026-10-01
    days on market $94,500 Active 403 DOM
38. 2026-09-30
    days on market $94,500 Active 402 DOM
39. 2026-09-29
    days on market $94,500 Active 401 DOM
40. 2026-09-28
    days on market $94,500 Active 400 DOM
41. 2026-09-27
    days on market $94,500 Active 399 DOM
42. 2026-09-25
    days on market $94,500 Active 397 DOM
43. 2026-09-24
    days on market $94,500 Active 396 DOM
44. 2026-09-23
    days on market $94,500 Active 395 DOM
45. 2026-09-22
    days on market $94,500 Active 394 DOM
46. 2026-09-21
    days on market $94,500 Active 393 DOM
47. 2026-09-20
    days on market $94,500 Active 392 DOM
48. 2026-09-19
    days on market $94,500 Active 391 DOM
49. 2026-09-18
    days on market $94,500 Active 390 DOM
50. 2026-09-17
    days on market $94,500 Active 389 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: $535 · $45/mo
• Projected year-2 tax: $535 · $45/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 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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,609
• − Mortgage interest: −$5,293
• − Property taxes: −$535
• − Insurance: −$472
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$2,749
• Taxable income: $4,061
• Est. tax owed @ 24.0%: −$975
• After-tax cash flow: $4,402/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 · 2 photos

Fair 45/100 Moderate rehab Est. rehab $50,925–$91,665 screening

This single-family home requires moderate renovations, including roof repair, exterior painting, and landscaping improvements. These updates will significantly enhance its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good

Repairs flagged

• Major roof — Signs of significant wear
• Major exterior siding — Weathered and peeling
• Major landscaping — Overgrown and unkempt

Value-add opportunities

• Both paint exterior — Fresh paint can improve curb appeal and home value ↑
• Both landscaping — A well-maintained yard can increase both resale and rental value ↑
• Both roof repair — A new roof will significantly increase the home's value and reduce maintenance costs ↑

ⓘ 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 5/100

Zoned Schools

Elementary Barrett Elementary School F AL #618/627 Nat'l #40,579/41,679 Middle Ossie Ware Mitchell Middle School F AL #240/257 Nat'l #13,582/14,009 High Woodlawn High Schoolmagnet 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): 15,621
• Household income: $42,549
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 12% of renters

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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%

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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%
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 0%

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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

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+186.4% since first listed

6 events — show timeline

• 2025-09-26 Price Changed $94,500 Greater Alabama MLS
• 2025-07-31 Listed $95,500 Greater Alabama MLS
• 2022-07-28 Sold (Public Records) $679,000 Public Records
• 2022-07-28 Sold (Public Records) $465,000 Public Records
• 2001-02-28 Sold (Public Records) $69,900 Public Records
• 1993-04-05 Sold (Public Records) $33,000 Public Records

Property tax history

+1.7%/yr

Latest (2025): $535 · +0.0% YoY. Source: county tax records.