604 5th Pl · Birmingham, AL 35214

$85,000

3 bd · 1.0 ba · 1,176 sqft · SingleFamily public records · 91 Days on market

Built 1930 6,969 sqft lot $72/sqft · 29% above area Est $66k · 29% over

---

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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This move-in ready home features updated stone countertops, new cabinetry, and new flooring throughout. A rare bonus — the sales price includes the adjacent lot, offering added value and potential for future expansion or investment opportunities. Ideal for homeowners or investors looking for a smart purchase with upside. Schedule your showing today! Roof replaced 2025, Plumping System 2026, Water Heater 2021

Key facts

• Stone countertops
• New flooring
• New cabinetry

Tags

• STONE COUNTERTOPS
• NEW CABINETRY
• NEW FLOORING
• ADJACENT LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $425 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $77k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.3% 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 flat; 116 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $588 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 + 0.7% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $38k; list at $85k implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $77,350 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. 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.
8. 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.
9. 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: 1.42% ✓
• Cap rate: 12.30%
• Cash-on-cash: 21.45%
• DSCR: 1.95
• GRM: 5.9

CMA / ARV

• ARV (median comp): $65,661
• List price: $85,000
• Delta: 29.45%
• 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
1005 6th Pl	0.39mi	3/2.0	1,121 (-5%)	1mo	$149,900	$134	69
924 6th Way	0.39mi	3/1.0	1,192 (+1%)	14mo	$72,000	$60	68
916 Avenue	0.49mi	3/1.5	1,170 (-0%)	8mo	$112,000	$96	68
425 5th St	0.12mi	3/1.0	1,270 (+8%)	19mo	$95,000	$75	65
213 5th St	0.32mi	2/1.0 (-1)	1,190 (+1%)	22mo	$77,000	$65	60
204 5th Way	0.34mi	3/1.0	1,051 (-11%)	8mo	$80,000	$76	60
800 7th St	0.36mi	3/1.0	1,250 (+6%)	16mo	$76,000	$61	59
801 6th Pl	0.27mi	3/1.0	1,040 (-12%)	14mo	$63,000	$61	56
925 Avenue F	0.52mi	3/1.0	1,036 (-12%)	2mo	$13,000	$13	54
812 Avenue H	0.45mi	3/1.0	1,288 (+10%)	21mo	$6,000	$5	46
1104 Avenue	0.74mi	4/2.0 (+1)	1,200 (+2%)	13mo	$15,100	$13	42
132 Avenue Y	0.61mi	2/2.0 (-1)	1,254 (+7%)	15mo	$90,000	$72	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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.45×
• Total profit: $10,621
• Equity at exit: $12,674

10-year hold

• IRR: 18.8%
• Equity multiple: 2.41×
• Total profit: $33,544
• Equity at exit: $7,349

Cash invested: $23,800 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,206 high
• Mortgage (P&I): −$446
• Tax from tax record: −$46 /mo · $552/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$253
• Net cashflow: $425

Break-even live

Break-even rent $667

Max offer price $85,000

Occupancy floor 60%

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
204 5th Way Birmingham, AL	3.0	1.5	1051	$1,100	$1.05	21d	1	0.32mi
315 Avenue U Birmingham, AL	3.0	1.0	1088	$1,200	$1.10	2d	1	0.35mi
1411 Magnolia Dr Unit 1411 Birmingham, AL	2.0	1.0	867	$950	$1.10	43d	1	0.80mi
225 Bayberry Rd Birmingham, AL	3.0	1.0	1496	$1,261	$0.84	19d	1	0.81mi
528 Lamplighter Ln Birmingham, AL	3.0	1.0	1114	$1,220	$1.10	3d	1	0.82mi
213 Beech Ave Birmingham, AL	3.0	1.0	1288	$1,000	$0.78	19d	1	0.96mi
408 Miles Ave Birmingham, AL	3.0	2.0	1377	$1,050	$0.76	21d	1	1.00mi
1425 Hibernian St Birmingham, AL	3.0	1.0	1152	$1,200	$1.04	23d	1	1.05mi
1520 Avenue G Unit G Birmingham, AL	4.0	1.0	1231	$1,100	$0.89	43d	1	1.08mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	3d	1	1.08mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	43d	1	1.08mi
128 Thomas Cir Birmingham, AL	3.0	1.0	777	$2,550	$3.28	43d	1	1.14mi
1316 Court R Birmingham, AL	3.0	1.0	904	$900	$1.00	10d	1	1.15mi
436 Henry St Birmingham, AL	3.0	2.0	1159	$1,090	$0.94	43d	1	1.16mi
820 17th Street Ensley Birmingham, AL	3.0	2.0	1336	$1,250	$0.94	43d	1	1.17mi
1701 Avenue I Unit I Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	1.20mi
811 17th Aly Birmingham, AL	4.0	1.0	1146	$1,050	$0.92	10d	1	1.21mi
609 Cherry Ave Birmingham, AL	3.0	1.5	1104	$1,495	$1.35	23d	1	1.23mi
1825 18th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1316	$1,123	$0.85	43d	1	1.23mi
629 Lanett Ave Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	43d	1	1.32mi
1001 21st Street Ensley Unit B Birmingham, AL	2.0	1.0	700	$725	$1.04	15d	1	1.47mi
1720 Cullman Ave Unit 2 Birmingham, AL	3.0	1.0	1174	$899	$0.77	21d	1	1.48mi
1720 Cullman Ave Unit 3 Birmingham, AL	3.0	2.0	1174	$950	$0.81	43d	1	1.48mi
617 Ozark Ct Birmingham, AL	3.0	2.0	1242	$1,195	$0.96	3d	1	1.48mi

Listing history 20 events

1. 2026-06-18
   days on market $85,000 Active 91 DOM
2. 2026-06-17
   days on market $85,000 Active 90 DOM
3. 2026-06-16
   days on market $85,000 Active 89 DOM
4. 2026-06-15
   days on market $85,000 Active 88 DOM
5. 2026-06-13
   days on market $85,000 Active 86 DOM
6. 2026-06-10
   days on market $85,000 Active 83 DOM
7. 2026-06-09
   days on market $85,000 Active 82 DOM
8. 2026-06-08
   days on market $85,000 Active 81 DOM
9. 2026-06-07
   pricedays on market $85,000 Active 80 DOM
10. 2026-06-03
    days on market $95,000 Active 76 DOM
11. 2026-06-02
    days on market $95,000 Active 75 DOM
12. 2026-06-01
    days on market $95,000 Active 74 DOM
13. 2026-05-31
    days on market $95,000 Active 73 DOM
14. 2026-03-19
    listed $95,000 Active 418-char remark

    Show marketing remark (418 chars)

    This move-in ready home features updated stone countertops, new cabinetry, and new flooring throughout. A rare bonus — the sales price includes the adjacent lot, offering added value and potential for future expansion or investment opportunities. Ideal for homeowners or investors looking for a smart purchase with upside. Schedule your showing today! Roof replaced 2025, Plumping System 2026, Water Heater 2021

15. 2024-08-06
    soldstatus $38,500
16. 2024-08-02
    soldstatus $38,500 Sold 995-char remark

    Show marketing remark (995 chars)

    A charming home for that do it yourself enthusiast or seasoned investor. This home has great bones and great features that can add value once it is brought back to its original glory. This home sits on a large flat lot with off street parking and an extended side drive way that extends from the front to the back alley. Enter this charming property under a covered front porch into the family room with builtin book cases, a fireplace and plenty of windows for natural light. Enter into the formal dining/living room that also has and off there are two spacious bedrooms and one bathroom. Through the formal dining/living room is a galley kitchen with washer/dryer connection. The bonus/bedroom is off the kitchen. An additional parcel is included(corner lot), 600 5TH PL, Birmingham AL. Home is located close to the interstate and minutes from downtown. Get with your favor realtor for a showing today. HOME IS SOLD AS IS WHERE IS WITH NO HOME WARRANTY OR REPAIRS, BUYER/BUYER AGENT TO VERIFY.

17. 2024-07-19
    status Pending 995-char remark

    Show marketing remark (995 chars)

    A charming home for that do it yourself enthusiast or seasoned investor. This home has great bones and great features that can add value once it is brought back to its original glory. This home sits on a large flat lot with off street parking and an extended side drive way that extends from the front to the back alley. Enter this charming property under a covered front porch into the family room with builtin book cases, a fireplace and plenty of windows for natural light. Enter into the formal dining/living room that also has and off there are two spacious bedrooms and one bathroom. Through the formal dining/living room is a galley kitchen with washer/dryer connection. The bonus/bedroom is off the kitchen. An additional parcel is included(corner lot), 600 5TH PL, Birmingham AL. Home is located close to the interstate and minutes from downtown. Get with your favor realtor for a showing today. HOME IS SOLD AS IS WHERE IS WITH NO HOME WARRANTY OR REPAIRS, BUYER/BUYER AGENT TO VERIFY.

18. 2024-04-26
    price $55,000 995-char remark

    Show marketing remark (995 chars)

    A charming home for that do it yourself enthusiast or seasoned investor. This home has great bones and great features that can add value once it is brought back to its original glory. This home sits on a large flat lot with off street parking and an extended side drive way that extends from the front to the back alley. Enter this charming property under a covered front porch into the family room with builtin book cases, a fireplace and plenty of windows for natural light. Enter into the formal dining/living room that also has and off there are two spacious bedrooms and one bathroom. Through the formal dining/living room is a galley kitchen with washer/dryer connection. The bonus/bedroom is off the kitchen. An additional parcel is included(corner lot), 600 5TH PL, Birmingham AL. Home is located close to the interstate and minutes from downtown. Get with your favor realtor for a showing today. HOME IS SOLD AS IS WHERE IS WITH NO HOME WARRANTY OR REPAIRS, BUYER/BUYER AGENT TO VERIFY.

19. 2024-02-21
    price $70,000 995-char remark

    Show marketing remark (995 chars)

    A charming home for that do it yourself enthusiast or seasoned investor. This home has great bones and great features that can add value once it is brought back to its original glory. This home sits on a large flat lot with off street parking and an extended side drive way that extends from the front to the back alley. Enter this charming property under a covered front porch into the family room with builtin book cases, a fireplace and plenty of windows for natural light. Enter into the formal dining/living room that also has and off there are two spacious bedrooms and one bathroom. Through the formal dining/living room is a galley kitchen with washer/dryer connection. The bonus/bedroom is off the kitchen. An additional parcel is included(corner lot), 600 5TH PL, Birmingham AL. Home is located close to the interstate and minutes from downtown. Get with your favor realtor for a showing today. HOME IS SOLD AS IS WHERE IS WITH NO HOME WARRANTY OR REPAIRS, BUYER/BUYER AGENT TO VERIFY.

20. 2023-10-16
    listed $85,000 Active 995-char remark

    Show marketing remark (995 chars)

    A charming home for that do it yourself enthusiast or seasoned investor. This home has great bones and great features that can add value once it is brought back to its original glory. This home sits on a large flat lot with off street parking and an extended side drive way that extends from the front to the back alley. Enter this charming property under a covered front porch into the family room with builtin book cases, a fireplace and plenty of windows for natural light. Enter into the formal dining/living room that also has and off there are two spacious bedrooms and one bathroom. Through the formal dining/living room is a galley kitchen with washer/dryer connection. The bonus/bedroom is off the kitchen. An additional parcel is included(corner lot), 600 5TH PL, Birmingham AL. Home is located close to the interstate and minutes from downtown. Get with your favor realtor for a showing today. HOME IS SOLD AS IS WHERE IS WITH NO HOME WARRANTY OR REPAIRS, BUYER/BUYER AGENT TO VERIFY.

ⓘ 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: $552 · $46/mo
• Projected year-2 tax: $552 · $46/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 4/10 Moderate
• 🌡 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,470
• − Mortgage interest: −$4,761
• − Property taxes: −$552
• − Insurance: −$425
• − Repairs & maintenance: −$1,158
• − Management: −$1,158
• − Depreciation: −$2,473
• Taxable income: $3,943
• Est. tax owed @ 24.0%: −$946
• After-tax cash flow: $4,159/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): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

+11.8% since first listed

7 events — show timeline

• 2026-03-19 Listed $95,000 Greater Alabama MLS
• 2024-08-06 Sold (Public Records) $38,500 Public Records
• 2024-08-02 Sold (MLS) $38,500 Greater Alabama MLS
• 2024-07-19 Pending — Greater Alabama MLS
• 2024-04-26 Price Changed $55,000 Greater Alabama MLS
• 2024-02-21 Price Changed $70,000 Greater Alabama MLS
• 2023-10-16 Listed $85,000 Greater Alabama MLS

Property tax history

-0.6%/yr

Latest (2025): $552 · -38.9% YoY. Source: county tax records.