228 72nd St N · Birmingham, AL 35206

$119,900

3 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 4 Days on market

Built 1953 7,405 sqft lot Est $100k · 20% over

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Why this score? — see what drove the D- 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 +19.0/30.0
• DSCR +6.0/10.0
• 1% rule +4.3/10.0
• Livability +3.4/5.0
• Rent growth +3.0/5.0
• 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

3BR 1BA, completely remodeled home in East Lake area. Convenient to schools, shopping, and interstate. Corner lot. Walk to park. Hardwoods have been refinished throughout. New cabinets and appliances in kitchen. Updated bathroom. New metal roof and windows. Must see!!

Key facts

• Local park
• Metal roof
• Updated kitchen

Tags

• CORNER LOT
• LOCAL PARK
• HARDWOOD FLOORS
• UPDATED KITCHEN
• METAL ROOF
• DOUBLE-PANE WINDOWS

Property features AI

Finance

• HOA & community: Fire fee included; Garbage fee included; Library fee included

Exterior

• Parking: Off-street parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available (Spectrum)
• Home design: Existing construction; Shingle construction
• Construction: Crawl space foundation
• Exterior features: Corner lot; No pool, patio, decks, or garden listed; Not waterfront

Interior

• Kitchen: Laminate countertops; Electric oven; Electric stove; Refrigerator
• Bedrooms: Master bedroom (main level); Two additional bedrooms (main level); Den/family room (main level)
• Flooring: Hardwood floors; Vinyl floors
• Bathrooms: One full bathroom with tub/shower combination (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; No additional built-in interior features listed
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level in a closet; Attic present

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $125 ($2k/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 $111k (7.3% below list).
• Recommended offer: $111k (7.3% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 6.2% in Birmingham — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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); 130 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 31% 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 $829 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $50k; list at $120k implies a 142% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — 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 $111,182 (7.3% below list)

Questions for the listing agent

1. Built in 1953 — 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. 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?
6. 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.
7. 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.
8. 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: 0.93% ✗
• Cap rate: 7.54%
• Cash-on-cash: 4.47%
• DSCR: 1.20
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $99,792
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7105 3rd Ave N	0.06mi	3/2.0	1,231 (+4%)	11mo	$169,900	$138	78
7209 1st Ave S	0.36mi	3/1.0	1,202 (+1%)	14mo	$123,000	$102	70
6817 Division Ave	0.42mi	3/1.0	1,104 (-7%)	3mo	$93,000	$84	66
7405 4th Ave N	0.24mi	3/1.0	1,287 (+8%)	12mo	$20,000	$16	65
6724 S 2nd Ave	0.58mi	4/2.0 (+1)	1,188 (0%)	3mo	$113,000	$95	62
316 72nd St N	0.06mi	2/1.0 (-1)	1,048 (-12%)	14mo	$54,499	$52	61
7506 1st Ave S	0.46mi	4/1.0 (+1)	1,324 (+11%)	1mo	$60,000	$45	54
221 72nd St S	0.47mi	3/1.0	1,015 (-15%)	2mo	$75,000	$74	52
6712 2nd Ave S	0.59mi	4/2.5 (+1)	1,132 (-5%)	2mo	$149,900	$132	52
7709 S 1st Ave	0.63mi	3/1.0	1,064 (-10%)	3mo	$60,000	$56	51
7424 4th Ave S	0.62mi	3/2.0	1,269 (+7%)	10mo	$215,000	$169	48
515 72nd St S	0.69mi	3/1.5	1,290 (+9%)	7mo	$105,500	$82	46

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: -10.6%
• Equity multiple: 0.62×
• Total profit: $-12,798
• Equity at exit: $17,877

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-6,237
• Equity at exit: $10,367

Cash invested: $33,572 (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: 130
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,112 high
• Mortgage (P&I): −$629
• Tax from tax record: −$75 /mo · $895/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $125

Break-even live

Break-even rent $954

Max offer price $119,900

Occupancy floor 84%

Sensitivity live

Price	-10% $193	-5% $159	+0% $125	+5% $91	+10% $57
Rent	-10% $37	-5% $81	+0% $125	+5% $169	+10% $213
Rate	-1.0pp $185	-0.5pp $156	base $125	+0.5pp $94	+1.0pp $62

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	45d	1	0.22mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	45d	1	0.28mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	45d	1	0.34mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	25d	1	0.37mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	3d	1	0.39mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	18d	1	0.40mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	45d	1	0.43mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	45d	1	0.44mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	16d	1	0.49mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	5d	1	0.50mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	45d	1	0.59mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	45d	1	0.67mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	25d	1	0.69mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	45d	1	0.74mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	3d	1	0.74mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	45d	1	0.85mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	45d	1	0.88mi
8020 4th Ave N Birmingham, AL	3.0	1.0	1200	$1,200	$1.00	45d	1	0.91mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	25d	1	0.91mi
7829 3rd Ave S Birmingham, AL	3.0	1.5	1005	$1,025	$1.02	45d	1	0.93mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	25d	1	0.95mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	45d	1	0.95mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	3d	1	0.95mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	3d	1	0.96mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	4d	1	0.99mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	45d	1	0.99mi
8021 1st Ave S Unit A Birmingham, AL	3.0	1.0	980	$950	$0.97	25d	1	1.01mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	45d	1	1.01mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	45d	1	1.01mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	45d	1	1.09mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	25d	1	1.09mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	13d	1	1.12mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	45d	1	1.12mi
7404 Paris Ave Birmingham, AL	3.0	1.5	802	$1,200	$1.50	45d	1	1.15mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	5d	1	1.15mi
8035 4th Ave S Birmingham, AL	3.0	2.0	1096	$1,050	$0.96	45d	1	1.15mi
8128 2nd Ave S Birmingham, AL	4.0	1.0	1390	$1,150	$0.83	25d	1	1.16mi
8129 2nd Ave S Unit B Birmingham, AL	2.0	1.0	900	$800	$0.89	45d	1	1.17mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	45d	1	1.18mi
8149 1st Ave S Birmingham, AL	3.0	2.0	1300	$1,200	$0.92	45d	1	1.19mi

Listing history 3 events

1. 2026-06-21
   days on market $119,900 Active 4 DOM
2. 2026-06-17
   remarks 615-char remark
3. 2026-06-17
   listed $119,900 Active 1 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: $895 · $75/mo
• Projected year-2 tax: $895 · $75/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: $13,342
• − Mortgage interest: −$6,716
• − Property taxes: −$895
• − Insurance: −$600
• − Repairs & maintenance: −$1,067
• − Management: −$1,067
• − Depreciation: −$3,488
• Taxable loss: −$491
• Est. tax savings @ 24.0%: +$118
• After-tax cash flow: $1,619/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

+336.0% since first listed

7 events — show timeline

• 2026-06-15 Listed $119,900 Greater Alabama MLS
• 2020-06-18 Sold (Public Records) $49,500 Public Records
• 2020-06-12 Sold (MLS) $49,500 Greater Alabama MLS
• 2020-06-04 Contingent — Greater Alabama MLS
• 2020-05-29 Price Changed $58,900 Greater Alabama MLS
• 2020-05-16 Listed $59,900 Greater Alabama MLS
• 1981-07-20 Sold (Public Records) $27,500 Public Records

Property tax history

+5.9%/yr

Latest (2025): $895 · +0.7% YoY. Source: county tax records.