1045 50th St W · Birmingham, AL 35208

$122,544

3 bd · 1.0 ba · 2,728 sqft · SingleFamily public records · 30 Days on market

Built 1955 9,147 sqft lot

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Why this score? — see what drove the B- 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
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. Take a drive by this three bedroom, one bath home and see if it may be your next investment.   "As is" cash only sale with no contingencies or inspections.     Buyer will be responsible for obtaining possession of the property upon closing. May be subject to right of redemption.

Key facts

• 9,147 sq ft lot
• Built 1955
• Listed 30 days

Property features AI

Finance

• Other: Lot size about 0.21 acres
• HOA & community: No homeowners association; Subdivision: Other

Exterior

• Parking: No parking
• Utilities: Public water; Public sewer; Electric service (standard)
• Home design: Single-family residence; One story; Built in 1955; Frame construction
• Construction: Slab foundation
• Exterior features: Public water; Public sewer

Interior

• Bedrooms: Total rooms: 6
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Fireplace (one)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $123k.

Deal economics

• At list price, monthly cash flow is $878 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $123k).
• Recommended offer: $121k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.9% 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-, 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: Bush Hills Steam Academy (math 0% / reading 13%, grade F, #249 of 257 statewide, top 98%, 433 students, 92% FRL).
• Market conditions: Rents rising fast (+7.2%/yr); 122 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• At $2,106/mo this rent would consume 66% of the median local household income ($39k/yr) (locally 573% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $847 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.
• At projected returns (-3.0% appreciation + 7.2% rent growth), your $34k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $70k; list at $123k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,705 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — 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. 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: 1.72% ✓
• Cap rate: 14.89%
• Cash-on-cash: 30.70%
• DSCR: 2.37
• GRM: 4.8

CMA / ARV

• ARV (on-the-fly): $570,152
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1240 51st St S	0.34mi	4/3.0 (+1)	2,792 (+2%)	3mo	$505,000	$181	65
4708 Overwood Cir	0.43mi	4/2.0 (+1)	2,804 (+3%)	3mo	$562,000	$200	64
1037 52nd Pl S	0.18mi	3/3.0	2,419 (-11%)	8mo	$385,000	$159	58
4826 Clairmont Ave	0.39mi	4/4.0 (+1)	2,812 (+3%)	4mo	$589,000	$209	56
5148 6th Ave S	0.62mi	3/2.0	2,544 (-7%)	1mo	$410,000	$161	55
1225 51st St S	0.30mi	4/3.0 (+1)	2,454 (-10%)	1mo	$515,000	$210	55
4421 Overlook Rd	0.64mi	3/3.0	2,536 (-7%)	0mo	$595,000	$235	50
912 Rockford Rd	0.61mi	3/2.0	2,448 (-10%)	8mo	$424,000	$173	44
745 Linwood Rd	0.54mi	4/2.5 (+1)	2,978 (+9%)	8mo	$980,000	$329	42
5405 9th Ave S	0.64mi	4/3.0 (+1)	2,924 (+7%)	8mo	$585,000	$200	39
925 Conroy Rd	0.71mi	3/3.5	2,459 (-10%)	4mo	$950,000	$386	37
712 43rd St S	0.70mi	4/2.5 (+1)	2,431 (-11%)	4mo	$560,000	$230	35

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: 30.0%
• Equity multiple: 2.32×
• Total profit: $45,407
• Equity at exit: $18,272

10-year hold

• IRR: 39.5%
• Equity multiple: 5.47×
• Total profit: $153,456
• Equity at exit: $10,595

Cash invested: $34,312 (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: 4.8×

Monthly cashflow live

• Estimated rent: $2,106 medium
• Mortgage (P&I): −$643
• Tax from tax record: −$92 /mo · $1,106/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $878

Break-even live

Break-even rent $995

Max offer price $122,544

Occupancy floor 53%

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: $30,636
• Closing costs: $3,676
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1316 Southhall Rd Birmingham, AL	3.0	2.0	2044	$2,300	$1.13	43d	1	1.22mi
3723 5th Ave S Birmingham, AL	3.0	2.0	1840	$3,400	$1.85	43d	1	1.26mi

Listing history 16 events

1. 2026-06-18
   days on market $122,544 Active 30 DOM
2. 2026-06-17
   days on market $122,544 Active 29 DOM
3. 2026-06-16
   days on market $122,544 Active 28 DOM
4. 2026-06-15
   days on market $122,544 Active 27 DOM
5. 2026-06-13
   days on market $122,544 Active 25 DOM
6. 2026-06-10
   days on market $122,544 Active 22 DOM
7. 2026-06-09
   days on market $122,544 Active 21 DOM
8. 2026-06-08
   days on market $122,544 Active 20 DOM
9. 2026-06-07
   days on market $122,544 Active 19 DOM
10. 2026-06-03
    days on market $122,544 Active 15 DOM
11. 2026-06-02
    days on market $122,544 Active 14 DOM
12. 2026-06-01
    days on market $122,544 Active 13 DOM
13. 2026-05-31
    days on market $122,544 Active 12 DOM
14. 2026-05-19
    listed $122,544 Active
15. 1999-06-24
    soldstatus $69,900
16. 1999-05-18
    soldstatus $69,900

ⓘ 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: $1,106 · $92/mo
• Projected year-2 tax: $1,106 · $92/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 ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,269
• − Mortgage interest: −$6,864
• − Property taxes: −$1,106
• − Insurance: −$613
• − Repairs & maintenance: −$2,022
• − Management: −$2,022
• − Depreciation: −$3,565
• Taxable income: $9,079
• Est. tax owed @ 24.0%: −$2,179
• After-tax cash flow: $8,354/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

+75.3% since first listed

3 events — show timeline

• 2026-05-19 Listed $122,544 VMLS
• 1999-06-24 Sold (Public Records) $69,900 Public Records
• 1999-05-18 Sold (Public Records) $69,900 Public Records

Property tax history

+0.0%/yr

Latest (2025): $1,106 · +0.0% YoY. Source: county tax records.