1749 50th St Ensley · Birmingham, AL 35208

$69,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 102 Days on market

Built 1948 6,969 sqft lot $69/sqft · 10% above area Est $64k · 10% over

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• ARV discount +3.0/15.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity to renovate a traditional brick and siding home located on a corner lot directly across from an elementary school in the Ensley area of Birmingham. The property offers approximately 1,000 sq ft of living space with a functional layout and solid structure, but it will require a full renovation throughout. Interior finishes are dated and several areas show signs of wear and damage including ceilings, flooring, cabinetry, and wall finishes. The lot provides good space for outdoor improvements and the location across from a school and within an established neighborhood creates strong potential for a long-term rental or resale after renovation. Ideal for investors, contractors, or buyers looking for a full rehab project with value-add potential. Property sold as-is.

Key facts

• Full renovation
• Corner lot
• Outdoor improvements

Tags

• CORNER LOT
• ACROSS FROM ELEMENTARY SCHOOL
• ESTABLISHED NEIGHBORHOOD
• OUTDOOR IMPROVEMENTS
• FULL RENOVATION

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $468 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 14.3% 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 rising fast (+7.2%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 35% of the median local income ($39k/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 $483 of loan paydown is wiped out by about $2k 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 + 7.2% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $34k; list at $70k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1948 — 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 $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 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 1948 — 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: 1.61% ✓
• Cap rate: 14.33%
• Cash-on-cash: 28.69%
• DSCR: 2.28
• GRM: 5.2

CMA / ARV

• ARV (median comp): $63,525
• List price: $69,900
• Delta: 10.04%
• 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
1509 Burgin Ave	0.35mi	3/1.0	1,011 (+0%)	4mo	$17,500	$17	79
5800 Court Q	0.44mi	3/1.0	1,024 (+2%)	2mo	$111,000	$108	75
4929 Avenue R	0.21mi	2/1.0 (-1)	962 (-5%)	5mo	$43,000	$45	74
5541 Court P	0.38mi	2/1.0 (-1)	1,035 (+3%)	1mo	$35,000	$34	72
2724 Lee Ave SW	0.40mi	3/1.0	960 (-5%)	1mo	$72,000	$75	72
1560 Meadow Ln	0.71mi	3/1.0	1,008 (0%)	1mo	$87,000	$86	66
5625 Avenue Q	0.36mi	3/1.0	1,103 (+9%)	3mo	$22,000	$20	65
5604 Terrace O	0.44mi	4/1.0 (+1)	1,072 (+6%)	2mo	$80,000	$75	62
5621 Avenue Q	0.35mi	3/1.0	1,136 (+13%)	1mo	$72,000	$63	62
4732 Terrace	0.51mi	3/1.0	1,125 (+12%)	0mo	$29,500	$26	56
1407 57th Pl W	0.64mi	3/1.0	1,084 (+8%)	4mo	$79,000	$73	55
208 22nd St SW	0.68mi	2/1.0 (-1)	926 (-8%)	1mo	$57,000	$62	49

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 27.4%
• Equity multiple: 2.20×
• Total profit: $23,474
• Equity at exit: $10,422

10-year hold

• IRR: 37.3%
• Equity multiple: 5.15×
• Total profit: $81,202
• Equity at exit: $6,044

Cash invested: $19,572 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,128 high
• Mortgage (P&I): −$367
• Tax from tax record: −$27 /mo · $325/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $468

Break-even live

Break-even rent $535

Max offer price $69,900

Occupancy floor 54%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1757 48th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1164	$1,295	$1.11	3d	1	0.11mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	43d	1	0.11mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	43d	1	0.16mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.18mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	43d	1	0.19mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.20mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	2d	1	0.20mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	43d	1	0.21mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	14d	1	0.24mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	43d	1	0.25mi
1556 Burgin Ave Birmingham, AL	4.0	1.0	1168	$1,100	$0.94	19d	1	0.27mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	21d	1	0.27mi
4619 Terrace Q Birmingham, AL	3.0	2.0	1198	$900	$0.75	43d	1	0.28mi
4825 Avenue S Birmingham, AL	3.0	1.0	1310	$1,050	$0.80	16d	1	0.37mi
4801 Avenue S Birmingham, AL	3.0	1.0	1310	$1,000	$0.76	43d	1	0.38mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	43d	1	0.41mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	3d	1	0.42mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	43d	1	0.42mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	43d	1	0.44mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	23d	1	0.46mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.46mi
5604 Terrace O Birmingham, AL	4.0	1.0	1072	$1,325	$1.24	43d	1	0.47mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	43d	1	0.47mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.48mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	19d	1	0.48mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	44d	1	0.49mi
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	2d	1	0.50mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	23d	1	0.50mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	43d	1	0.51mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	43d	1	0.51mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.52mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	43d	1	0.52mi
312 25th St SW Birmingham, AL	4.0	1.0	1159	$1,000	$0.86	23d	1	0.53mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	44d	1	0.54mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	16d	1	0.54mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.55mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	43d	1	0.56mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.57mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	23d	1	0.58mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	43d	1	0.60mi

Listing history 17 events

1. 2026-06-18
   days on market $69,900 Active 102 DOM
2. 2026-06-17
   days on market $69,900 Active 101 DOM
3. 2026-06-16
   days on market $69,900 Active 100 DOM
4. 2026-06-15
   price $69,900 Active 99 DOM
5. 2026-06-15
   days on market $73,000 Active 99 DOM
6. 2026-06-13
   days on market $73,000 Active 97 DOM
7. 2026-06-10
   days on market $73,000 Active 94 DOM
8. 2026-06-09
   days on market $73,000 Active 93 DOM
9. 2026-06-08
   days on market $73,000 Active 92 DOM
10. 2026-06-07
    days on market $73,000 Active 91 DOM
11. 2026-06-03
    days on market $73,000 Active 87 DOM
12. 2026-06-02
    days on market $73,000 Active 86 DOM
13. 2026-06-01
    days on market $73,000 Active 85 DOM
14. 2026-05-31
    days on market $73,000 Active 84 DOM
15. 2026-04-21
    price $73,000 783-char remark

    Show marketing remark (783 chars)

    Opportunity to renovate a traditional brick and siding home located on a corner lot directly across from an elementary school in the Ensley area of Birmingham. The property offers approximately 1,000 sq ft of living space with a functional layout and solid structure, but it will require a full renovation throughout. Interior finishes are dated and several areas show signs of wear and damage including ceilings, flooring, cabinetry, and wall finishes. The lot provides good space for outdoor improvements and the location across from a school and within an established neighborhood creates strong potential for a long-term rental or resale after renovation. Ideal for investors, contractors, or buyers looking for a full rehab project with value-add potential. Property sold as-is.

16. 2026-03-08
    listed $75,000 Active 783-char remark

    Show marketing remark (783 chars)

    Opportunity to renovate a traditional brick and siding home located on a corner lot directly across from an elementary school in the Ensley area of Birmingham. The property offers approximately 1,000 sq ft of living space with a functional layout and solid structure, but it will require a full renovation throughout. Interior finishes are dated and several areas show signs of wear and damage including ceilings, flooring, cabinetry, and wall finishes. The lot provides good space for outdoor improvements and the location across from a school and within an established neighborhood creates strong potential for a long-term rental or resale after renovation. Ideal for investors, contractors, or buyers looking for a full rehab project with value-add potential. Property sold as-is.

17. 1985-06-24
    soldstatus $34,500

ⓘ 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: $325 · $27/mo
• Projected year-2 tax: $325 · $27/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 7/10 Severe 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: $13,530
• − Mortgage interest: −$3,915
• − Property taxes: −$325
• − Insurance: −$350
• − Repairs & maintenance: −$1,082
• − Management: −$1,082
• − Depreciation: −$2,033
• Taxable income: $4,742
• Est. tax owed @ 24.0%: −$1,138
• After-tax cash flow: $4,478/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% 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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+111.6% since first listed

3 events — show timeline

• 2026-04-21 Price Changed $73,000 Greater Alabama MLS
• 2026-03-08 Listed $75,000 Greater Alabama MLS
• 1985-06-24 Sold (Public Records) $34,500 Public Records

Property tax history

+0.9%/yr

Latest (2024): $325 · -3.1% YoY. Source: county tax records.