5009 Ewell Ln · Irondale, AL 35210

$240,900

3 bd · 2.0 ba · 1,510 sqft · SingleFamily public records · 49 Days on market

Built 1972 $160/sqft · 12% below area Est $275k · 12% under

---

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 +18.9/30.0
• ARV discount +13.1/15.0
• DSCR +6.0/10.0
• 1% rule +4.0/10.0
• Livability +3.7/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Just reduced to $240,900 and move-in ready! This 3BR/2BA Irondale home puts you minutes from I-459, I-20, UAB, and downtown Birmingham at a price that is hard to argue with. The partially finished basement adds a flexible bonus room for an office, den, or guest space. Covered garage parking, a generous lot, and a washer and dryer that stay with the home. Whether you are a first-time buyer or looking to rightsize, the location does the heavy lifting and the new price makes it an easy yes. Schedule your showing today!

Key facts

• Garage
• Built 1972
• Listed 49 days

Property features AI

Finance

• Other: Property accessed via public road
• Financial info: Monthly garbage fee of $15
• HOA & community: No association fee

Exterior

• Parking: Attached garage with front entry; Basement parking; Driveway parking; One total garage space (located in basement)
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available
• Home design: Existing residence; Basement entry/foundation; One-side brick and vinyl siding construction
• Construction: Basement foundation; Concrete block basement (both finished and unfinished)
• Exterior features: Open patio; Subdivision lot; No pool; No decks; No garden/patio; Not waterfront

Interior

• Kitchen: Eating area; Tile countertops in kitchen; Electric cooktop; Built-in dishwasher; Electric oven; Refrigerator; Some stainless appliances
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level; Den/Family room in basement
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms with tub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Security system; Smooth ceilings; Other ceiling details (see remarks); All window treatments remain
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $241k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/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 $216k (10.2% below list).
• Recommended offer: $216k (10.2% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 5.2% in Irondale — 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 74/100 on livability (#23 in AL, #4,921 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment C-, amenities F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Irondale Community School (math 6% / reading 32%, grade F, #478 of 627 statewide, top 76%, 450 students, 50% FRL); Shades Valley High School (math 29% / reading 39%, grade F, #53 of 305 statewide, top 18%, 1,200 students, 68% FRL).
• Market conditions: Rents rising fast (+4.2%/yr); 81 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 36% of the median local income ($73k/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 $2k of loan paydown is wiped out by about $7k 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 49 days — a 3% lower offer ($234k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $112k; list at $241k implies a 114% gain — meaningful room to come down on a strong offer.

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 $216,273 (10.2% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 0.90% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.42%
• DSCR: 1.20
• GRM: 9.3

CMA / ARV

• ARV (median comp): $275,032
• List price: $240,900
• Delta: -12.41%
• 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
5004 Scenic View Dr	0.19mi	3/2.0	1,334 (-12%)	2mo	$331,000	$248	70
5008 Ewell Ln	0.04mi	4/3.0 (+1)	1,688 (+12%)	2mo	$260,000	$154	68
201 Fern St	0.39mi	3/2.0	1,398 (-7%)	3mo	$370,000	$265	67
4769 Maryland Ave	0.51mi	3/2.0	1,405 (-7%)	1mo	$405,000	$288	64
317 Rosewood St	0.66mi	3/2.0	1,558 (+3%)	1mo	$402,500	$258	63
404 Rosewood St	0.69mi	3/2.0	1,451 (-4%)	1mo	$439,000	$303	60
4905 Pittman Ave	0.52mi	3/2.0	1,677 (+11%)	2mo	$375,000	$224	55
4837 Scenic View Dr	0.27mi	4/2.0 (+1)	1,734 (+15%)	3mo	$250,000	$144	55
520 Bonnie Bell Ln	0.66mi	4/2.0 (+1)	1,428 (-5%)	1mo	$237,000	$166	54
5144 Northumberland Rd	0.63mi	3/3.5	1,620 (+7%)	2mo	$300,000	$185	51
109 Alpine St	0.66mi	3/2.0	1,697 (+12%)	1mo	$370,000	$218	48
417 Redwood St	0.72mi	3/2.0	1,340 (-11%)	2mo	$456,000	$340	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 · 4.18% rent growth · sell at horizon

5-year hold

• IRR: -8.3%
• Equity multiple: 0.69×
• Total profit: $-20,691
• Equity at exit: $35,919

10-year hold

• IRR: 2.6%
• Equity multiple: 1.19×
• Total profit: $12,921
• Equity at exit: $20,829

Cash invested: $67,452 (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 35210

• Home prices YoY: -32.2%
• Rents YoY: 4.2%
• Active inventory: 81
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $2,163 high
• Mortgage (P&I): −$1,263
• Tax from tax record: −$96 /mo · $1,154/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $249

Break-even live

Break-even rent $1,848

Max offer price $240,900

Occupancy floor 84%

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: $60,225
• Closing costs: $7,227
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
530 Elder St Unit 1 Irondale, AL	3.0	2.0	1700	$2,000	$1.18	44d	1	0.30mi
132 Woodside Dr Irondale, AL	3.0	1.0	1452	$1,595	$1.10	16d	1	0.47mi
509 Ardmore Ln Irondale, AL	3.0	1.5	1408	$1,580	$1.12	3d	1	0.53mi
3543 Mill Springs Rd Mountain Brk, AL	3.0	2.5	1868	$2,500	$1.34	44d	1	0.74mi
4324 Wilderness Rd #4324 Mountain Brook, AL	3.0	2.5	1800	$2,250	$1.25	23d	1	0.79mi
504 Roselle Ln Irondale, AL	3.0	2.0	2162	$1,450	$0.67	3d	1	0.85mi
3560 Great Oak Ln Birmingham, AL	4.0	2.5	1935	$3,200	$1.65	10d	1	0.94mi
4452 Mountaindale Rd Birmingham, AL	3.0	2.0	1807	$3,025	$1.67	10d	1	0.97mi
1522 Cooper Hill Rd Birmingham, AL	1.0–3.0	1.0–2.0	875	$1,299	$1.48	1d	17	0.98mi
617 Princess Ln Irondale, AL	3.0	2.0	1662	$1,910	$1.15	1d	1	1.07mi
5303 Dixieland Rd Irondale, AL	4.0	3.0	1296	$1,911	$1.47	16d	1	1.08mi
2884 Montevallo Park Rd Irondale, AL	3.0	2.0	1275	$2,206	$1.73	3d	1	1.28mi
1316 Southhall Rd Birmingham, AL	3.0	2.0	2044	$2,300	$1.13	44d	1	1.44mi

Listing history 18 events

1. 2026-06-18
   days on market $240,900 Active 49 DOM
2. 2026-06-17
   days on market $240,900 Active 48 DOM
3. 2026-06-16
   days on market $240,900 Active 47 DOM
4. 2026-06-15
   days on market $240,900 Active 46 DOM
5. 2026-06-13
   days on market $240,900 Active 44 DOM
6. 2026-06-10
   remarks 521-char remark
7. 2026-06-10
   pricedays on market $240,900 Active 41 DOM
8. 2026-06-09
   days on market $244,900 Active 40 DOM
9. 2026-06-08
   days on market $244,900 Active 39 DOM
10. 2026-06-07
    days on market $244,900 Active 38 DOM
11. 2026-06-03
    days on market $244,900 Active 34 DOM
12. 2026-06-02
    days on market $244,900 Active 33 DOM
13. 2026-06-01
    days on market $244,900 Active 32 DOM
14. 2026-05-31
    days on market $244,900 Active 31 DOM
15. 2026-04-30
    listed $244,900 Active 605-char remark
16. 2026-04-28
    historical $244,900 605-char remark
17. 2005-06-15
    soldstatus $112,500
18. 1994-05-06
    soldstatus $65,000

ⓘ 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: $1,154 · $96/mo
• Projected year-2 tax: $1,154 · $96/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 ≥107°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: $25,953
• − Mortgage interest: −$13,494
• − Property taxes: −$1,154
• − Insurance: −$1,204
• − Repairs & maintenance: −$2,076
• − Management: −$2,076
• − Depreciation: −$7,008
• Taxable loss: −$1,060
• Est. tax savings @ 24.0%: +$254
• After-tax cash flow: $3,239/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Irondale

• Score: 74/100
• State rank: #23
• US rank: #4921

Category grades

Amenities F Commute B Cost of living A+ Crime B+ Employment C- Housing A+ Health & safety F User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Irondale, AL
• County: Jefferson County · 527,445 people
• City population: 13,775
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 13,775
• Household income: $73,061
• Rent vs Own: 29.8% rent · 70.2% own
• Severe rent burden: 379.0

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: Majority White (62%)
• Race & ethnicity: White 62% Black 28% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 4% Italian 3% Serbian 2%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 6% Arabic 1% Russian/Polish/Slavic 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: ▼ -109.03%
• Current HPI: 230.033
• Rent YoY: ▲ 4.18%
• 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

+270.6% since first listed

5 events — show timeline

• 2026-06-09 Price Changed $240,900 Greater Alabama MLS
• 2026-04-30 Listed $244,900 Greater Alabama MLS
• 2026-04-28 Coming Soon $244,900 Greater Alabama MLS
• 2005-06-15 Sold (Public Records) $112,500 Public Records
• 1994-05-06 Sold (Public Records) $65,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $1,154 · +0.7% YoY. Source: county tax records.