1003 7th St · Midfield, AL 35228

$67,500

2 bd · 1.0 ba · 984 sqft · SingleFamily public records · 708 Days on market

Built 1945 6,534 sqft lot $69/sqft · 29% above area Est $52k · 29% 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
• DSCR +10.0/10.0
• 1% rule +9.9/10.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Great start to your investment portfolio! This single family along with 4 others are available - turnkey rental properties, tenants in place and under management. Do not disturb tenants. Buyer to verify any and all information deemed necessary and important to buyer.

Key facts

• Tenants in place
• Under management
• 6,534 sq ft lot

Tags

• TURNKEY RENTAL PROPERTIES
• TENANTS IN PLACE
• UNDER MANAGEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $68k).
• Recommended offer: $59k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 10.0% in Midfield — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 64/100 on livability (#164 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment F.
• Midfield City (suburban): math 2% / reading 14% proficiency, ranked #126 of 129 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 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 $467 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 + 0.0% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 708 days — a 12% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y ago; this cycle's ask has dropped $8k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $59,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 708 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — 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. 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: 1.49% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.84%
• DSCR: 1.97
• GRM: 5.6

CMA / ARV

• ARV (median comp): $52,445
• List price: $67,500
• Delta: 28.71%
• 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
911 12th Ave	0.21mi	2/1.0	992 (+1%)	1mo	$26,500	$27	88
504 9th Ave	0.14mi	2/1.0	1,016 (+3%)	1mo	$58,000	$57	87
907 7th St	0.04mi	2/1.0	1,044 (+6%)	10mo	$56,500	$54	79
600 9th Ave	0.11mi	3/1.0 (+1)	1,028 (+4%)	10mo	$79,900	$78	74
1401 Carol Cir	0.29mi	3/1.0 (+1)	1,075 (+9%)	5mo	$105,000	$98	62
808 Alden Ave	0.42mi	3/1.0 (+1)	962 (-2%)	12mo	$61,900	$64	61
800 Rutledge Dr	0.38mi	3/1.0 (+1)	1,028 (+4%)	11mo	$50,000	$49	61
1521 Watts St	0.55mi	3/1.0 (+1)	903 (-8%)	2mo	$10,000	$11	54
713 Westfield Dr	0.47mi	3/1.0 (+1)	1,106 (+12%)	2mo	$104,000	$94	51
5223 Main St	0.67mi	3/1.5 (+1)	1,005 (+2%)	13mo	$43,000	$43	48
1022 Herring St	0.72mi	3/1.0 (+1)	1,000 (+2%)	15mo	$139,000	$139	47
1446 12th St	0.39mi	3/1.0 (+1)	1,123 (+14%)	12mo	$80,000	$71	43

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 11.1%
• Equity multiple: 1.43×
• Total profit: $8,034
• Equity at exit: $10,064

10-year hold

• IRR: 17.7%
• Equity multiple: 2.26×
• Total profit: $23,865
• Equity at exit: $5,836

Cash invested: $18,900 (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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,003 high
• Mortgage (P&I): −$354
• Tax from tax record: −$66 /mo · $792/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $344

Break-even live

Break-even rent $567

Max offer price $67,500

Occupancy floor 61%

Sensitivity live

Price	-10% $382	-5% $363	+0% $344	+5% $325	+10% $306
Rent	-10% $265	-5% $304	+0% $344	+5% $384	+10% $423
Rate	-1.0pp $378	-0.5pp $361	base $344	+0.5pp $326	+1.0pp $309

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: $16,875
• Closing costs: $2,025
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	44d	1	0.04mi
36 Wilkes Cir Birmingham, AL	2.0	1.0	762	$875	$1.15	44d	1	0.64mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	44d	1	0.85mi
407 Fairfax Dr Fairfield, AL	1.0	1.5	850	$1,160	$1.36	44d	2	0.91mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	11d	1	0.91mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	11d	1	0.91mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	11d	1	0.91mi
412 Fairfax Dr Unit 432-13 Fairfield, AL	1.0	1.0	555	$775	$1.40	11d	1	0.91mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	4d	1	0.91mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	11d	1	0.91mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	12d	1	0.91mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	11d	1	0.91mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	4d	1	0.91mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	24d	1	1.08mi
1565 Miles St Dolomite, AL	3.0	2.0	1120	$1,175	$1.05	17d	1	1.26mi
200 Woodward Dr Bessemer, AL	3.0	1.0	900	$1,123	$1.25	3d	1	1.28mi
216 Pine St Bessemer, AL	3.0	2.0	1000	$1,200	$1.20	44d	1	1.41mi
520 Brewer Dr Bessemer, AL	3.0	1.0	1040	$1,100	$1.06	4d	1	1.45mi

Listing history 20 events

1. 2026-06-01
   days on market $67,500 Active 708 DOM
2. 2026-05-31
   days on market $67,500 Active 707 DOM
3. 2026-05-12
   price $67,500 268-char remark

   Show marketing remark (268 chars)

   Great start to your investment portfolio! This single family along with 4 others are available - turnkey rental properties, tenants in place and under management. Do not disturb tenants. Buyer to verify any and all information deemed necessary and important to buyer.

4. 2024-07-30
   price $72,500 268-char remark

   Show marketing remark (268 chars)

   Great start to your investment portfolio! This single family along with 4 others are available - turnkey rental properties, tenants in place and under management. Do not disturb tenants. Buyer to verify any and all information deemed necessary and important to buyer.

5. 2024-06-23
   listed $75,000 Active 268-char remark

   Show marketing remark (268 chars)

   Great start to your investment portfolio! This single family along with 4 others are available - turnkey rental properties, tenants in place and under management. Do not disturb tenants. Buyer to verify any and all information deemed necessary and important to buyer.

6. 2023-08-03
   soldstatus $195,000
7. 2023-08-02
   soldstatus $48,750 Sold 569-char remark

   Show marketing remark (569 chars)

   Great Investment Property! 2 bed and 1 bath home. Tenant remains. Great paying tenant, been in property for a couple of years. Rented for $695.00 per month. Lease and rent roll attached or can email to you. Can be purchased separately or as a part of a 4 pack of properties in similar location. 4 home package. Sold with current tenants in place. Cannot be shown until under contract for inspection. Monthly Rents total - $2,495.00. Addresses are; 1) 3241 Hemlock, 2) 121 Houston, 3) 1003 7th st, 4) 5703 Avenue O. Rent Rolls are available. See Multifamily MLS 1351212

8. 2023-05-25
   price $55,900 569-char remark

   Show marketing remark (569 chars)

   Great Investment Property! 2 bed and 1 bath home. Tenant remains. Great paying tenant, been in property for a couple of years. Rented for $695.00 per month. Lease and rent roll attached or can email to you. Can be purchased separately or as a part of a 4 pack of properties in similar location. 4 home package. Sold with current tenants in place. Cannot be shown until under contract for inspection. Monthly Rents total - $2,495.00. Addresses are; 1) 3241 Hemlock, 2) 121 Houston, 3) 1003 7th st, 4) 5703 Avenue O. Rent Rolls are available. See Multifamily MLS 1351212

9. 2023-04-05
   listed $64,900 Active 569-char remark

   Show marketing remark (569 chars)

   Great Investment Property! 2 bed and 1 bath home. Tenant remains. Great paying tenant, been in property for a couple of years. Rented for $695.00 per month. Lease and rent roll attached or can email to you. Can be purchased separately or as a part of a 4 pack of properties in similar location. 4 home package. Sold with current tenants in place. Cannot be shown until under contract for inspection. Monthly Rents total - $2,495.00. Addresses are; 1) 3241 Hemlock, 2) 121 Houston, 3) 1003 7th st, 4) 5703 Avenue O. Rent Rolls are available. See Multifamily MLS 1351212

10. 2021-10-29
    soldstatus $43,000 Sold
11. 2021-10-19
    historical
12. 2021-09-28
    status Active
13. 2021-09-16
    historical Contingent
14. 2021-09-10
    listed $44,000 Active
15. 2021-07-15
    price $48,000
16. 2017-09-15
    soldstatus $14,500 Sold
17. 2017-09-12
    historical Contingent
18. 2017-08-12
    price $16,000
19. 2017-07-25
    listed $18,000 Active
20. 1993-05-20
    soldstatus $35,900

ⓘ 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: $792 · $66/mo
• Projected year-2 tax: $792 · $66/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 18 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: $12,031
• − Mortgage interest: −$3,781
• − Property taxes: −$792
• − Insurance: −$338
• − Repairs & maintenance: −$962
• − Management: −$962
• − Depreciation: −$1,964
• Taxable income: $3,232
• Est. tax owed @ 24.0%: −$776
• After-tax cash flow: $3,352/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: Midfield City
• NCES district ID: 0102350
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $39,267
• Composite: 6.89/100
• National rank: #9978
• State rank: #126 of 129 in AL

Livability — Midfield

• Score: 64/100
• State rank: #164
• US rank: #14536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midfield, AL
• County: Jefferson County · 527,445 people
• City population: 10,216
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+88.0% since first listed

18 events — show timeline

• 2026-05-12 Price Changed $67,500 Greater Alabama MLS
• 2024-07-30 Price Changed $72,500 Greater Alabama MLS
• 2024-06-23 Listed $75,000 Greater Alabama MLS
• 2023-08-03 Sold (Public Records) $195,000 Public Records
• 2023-08-02 Sold (MLS) $48,750 Greater Alabama MLS
• 2023-05-25 Price Changed $55,900 Greater Alabama MLS
• 2023-04-05 Listed $64,900 Greater Alabama MLS
• 2021-10-29 Sold (MLS) $43,000 Greater Alabama MLS
• 2021-10-19 Delisted — Greater Alabama MLS
• 2021-09-28 Relisted — Greater Alabama MLS
• 2021-09-16 Contingent — Greater Alabama MLS
• 2021-09-10 Listed $44,000 Greater Alabama MLS
• 2021-07-15 Price Changed $48,000 Greater Alabama MLS
• 2017-09-15 Sold (MLS) $14,500 Greater Alabama MLS
• 2017-09-12 Contingent — Greater Alabama MLS
• 2017-08-12 Price Changed $16,000 Greater Alabama MLS
• 2017-07-25 Listed $18,000 Greater Alabama MLS
• 1993-05-20 Sold (Public Records) $35,900 Public Records

Property tax history

+9.5%/yr

Latest (2025): $792 · -12.7% YoY. Source: county tax records.