915 8th Ave · Midfield, AL 35228

$141,900

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 25 Days on market

Built 1951 6,534 sqft lot

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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 +15.1/30.0
• ARV discount +7.5/15.0
• DSCR +4.6/10.0
• 1% rule +3.3/10.0
• 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

Listing remarks MLS

Investors come see this 3 bedroom 1 full bath home in Midfield with unfinished basement and 1 car garage. This home features a large kitchen, big living room and separate dining room. The basement is unfinished but is a daylight basement and could be made into extra living space. Come see this one today.

Key facts

• Move-in ready
• Fully renovated
• Fenced yard

Tags

• MOVE-IN READY
• FULLY RENOVATED
• COVERED PATIO
• FENCED YARD
• FULL UNFINISHED BASEMENT

Property features AI

Exterior

• Parking: Attached garage with rear garage entry (1 garage space)
• Utilities: Public water; Septic system; Electric water heater; Internet service available
• Home design: Existing single-family home; Basement entry: daylight full basement (all unfinished)
• Construction: Wood construction; Basement foundation
• Exterior features: Fenced yard; Covered patio; Public road access

Interior

• Kitchen: Laminate countertops; Built-in dishwasher; Electric stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Hardwood laminate
• Bathrooms: One full bathroom with tub/shower combo and linen closet
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; Recessed lighting; Wood-burning fireplace with brick surround in the living room
• Laundry & utility: Washer hookup; Electric dryer hookup; Main-level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $47 ($562/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 $118k (16.6% below list).
• Recommended offer: $118k (16.6% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 10.0% in Midfield — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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: amenities F, employment F, health & safety 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.
• Zoned schools: Midfield Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 390 students, 84% FRL); Midfield High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 340 students, 87% FRL) — zoned schools at 86% FRL track the district average.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 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 $981 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

• It's been on market 25 days — a 2% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 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 $33k; list at $142k implies a 325% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $118,281 (16.6% below list)

Questions for the listing agent

1. Built in 1951 — 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. 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?
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: 0.83% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.42%
• DSCR: 1.06
• GRM: 10.0

CMA / ARV

• ARV (on-the-fly): $86,336
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
503 8th Ave	0.18mi	3/2.0	1,218 (+0%)	0mo	$75,000	$62	87
1221 Carol Cir	0.24mi	3/1.0	1,200 (-1%)	2mo	$75,000	$63	85
703 11th Ave	0.09mi	4/1.0 (+1)	1,302 (+7%)	1mo	$80,000	$61	78
812 7th Ave	0.21mi	3/2.0	1,319 (+8%)	7mo	$179,000	$136	66
1401 Carol Cir	0.29mi	3/1.0	1,075 (-12%)	5mo	$105,000	$98	62
1545 Carol Cir	0.49mi	3/1.5	1,184 (-3%)	11mo	$85,000	$72	62
907 7th St	0.04mi	2/1.0 (-1)	1,044 (-14%)	10mo	$56,500	$54	61
713 Westfield Dr	0.49mi	3/1.0	1,106 (-9%)	2mo	$104,000	$94	61
1010 7th Ave	0.26mi	3/2.0	1,321 (+9%)	11mo	$57,000	$43	60
916 Oakview Cir	0.50mi	3/1.0	1,150 (-5%)	9mo	$62,000	$54	60
1446 12th St	0.39mi	3/1.0	1,123 (-8%)	12mo	$80,000	$71	59
1131 Oak St	0.61mi	3/2.0	1,323 (+9%)	11mo	$175,000	$132	44

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: -17.2%
• Equity multiple: 0.41×
• Total profit: $-23,515
• Equity at exit: $21,158

10-year hold

• IRR: -15.3%
• Equity multiple: 0.24×
• Total profit: $-30,188
• Equity at exit: $12,269

Cash invested: $39,732 (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: 10.0×

Monthly cashflow live

• Estimated rent: $1,183 high
• Mortgage (P&I): −$744
• Tax from tax record: −$84 /mo · $1,011/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $47

Break-even live

Break-even rent $1,123

Max offer price $141,900

Occupancy floor 91%

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: $35,475
• Closing costs: $4,257
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
806 12th Ave Birmingham, AL	3.0	1.0	1262	$1,075	$0.85	44d	1	0.09mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	44d	1	0.10mi
603 11th Ave Birmingham, AL	3.0	1.0	1289	$1,100	$0.85	44d	1	0.12mi
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	2d	1	0.16mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	3d	1	0.23mi
616 Rutledge Dr Birmingham, AL	3.0	1.0	1416	$1,095	$0.77	21d	1	0.26mi
832 Alden Ave Birmingham, AL	4.0	2.0	1231	$1,150	$0.93	24d	1	0.37mi
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	21d	1	0.38mi
1401 9th Ave Birmingham, AL	3.0	2.0	1222	$1,200	$0.98	44d	1	0.42mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	15d	1	0.62mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	44d	1	0.65mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	44d	1	0.65mi
36 Wilkes Cir Birmingham, AL	2.0	1.0	762	$875	$1.15	44d	1	0.69mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	2d	1	0.74mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	2d	1	0.77mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	44d	1	0.77mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	44d	1	0.84mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	44d	1	0.91mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	24d	1	0.91mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	10d	1	0.95mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	10d	1	0.95mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	3d	1	0.95mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	10d	1	0.95mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	10d	1	0.95mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	3d	1	0.95mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	10d	1	0.95mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	12d	1	0.95mi
4506 Letson St Brighton, AL	3.0	2.0	1032	$1,200	$1.16	24d	1	1.06mi
1254 Lewis St Brighton, AL	3.0	1.0	1200	$850	$0.71	44d	1	1.13mi
1565 Miles St Dolomite, AL	3.0	2.0	1120	$1,175	$1.05	16d	1	1.21mi
200 Woodward Dr Bessemer, AL	3.0	1.0	900	$1,123	$1.25	2d	1	1.22mi
216 Pine St Bessemer, AL	3.0	2.0	1000	$1,200	$1.20	44d	1	1.36mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	44d	1	1.43mi
520 Brewer Dr Bessemer, AL	3.0	1.0	1040	$1,100	$1.06	3d	1	1.47mi

Listing history 20 events

1. 2026-06-18
   days on market $141,900 Active 25 DOM
2. 2026-06-17
   days on market $141,900 Active 24 DOM
3. 2026-06-16
   days on market $141,900 Active 23 DOM
4. 2026-06-15
   days on market $141,900 Active 22 DOM
5. 2026-06-13
   days on market $141,900 Active 20 DOM
6. 2026-06-13
   days on market $141,900 Active 19 DOM
7. 2026-06-10
   days on market $141,900 Active 17 DOM
8. 2026-06-09
   days on market $141,900 Active 16 DOM
9. 2026-06-08
   days on market $141,900 Active 15 DOM
10. 2026-06-07
    days on market $141,900 Active 14 DOM
11. 2026-06-05
    days on market $141,900 Active 11 DOM
12. 2026-06-03
    days on market $141,900 Active 10 DOM
13. 2026-06-02
    days on market $141,900 Active 9 DOM
14. 2026-06-01
    days on market $141,900 Active 8 DOM
15. 2026-05-31
    days on market $141,900 Active 7 DOM
16. 2026-05-24
    listed $141,900 Active
17. 2025-12-09
    price $151,900
18. 2020-12-11
    soldstatus $33,400 Sold 305-char remark

    Show marketing remark (305 chars)

    Investors come see this 3 bedroom 1 full bath home in Midfield with unfinished basement and 1 car garage. This home features a large kitchen, big living room and separate dining room. The basement is unfinished but is a daylight basement and could be made into extra living space. Come see this one today.

19. 2020-11-09
    status Pending 305-char remark

    Show marketing remark (305 chars)

    Investors come see this 3 bedroom 1 full bath home in Midfield with unfinished basement and 1 car garage. This home features a large kitchen, big living room and separate dining room. The basement is unfinished but is a daylight basement and could be made into extra living space. Come see this one today.

20. 2020-10-23
    listed $29,400 Active 305-char remark

    Show marketing remark (305 chars)

    Investors come see this 3 bedroom 1 full bath home in Midfield with unfinished basement and 1 car garage. This home features a large kitchen, big living room and separate dining room. The basement is unfinished but is a daylight basement and could be made into extra living space. Come see this one today.

ⓘ 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: $1,011 · $84/mo
• Projected year-2 tax: $1,011 · $84/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $14,194
• − Mortgage interest: −$7,949
• − Property taxes: −$1,011
• − Insurance: −$710
• − Repairs & maintenance: −$1,135
• − Management: −$1,135
• − Depreciation: −$4,128
• Taxable loss: −$1,875
• Est. tax savings @ 24.0%: +$450
• After-tax cash flow: $1,012/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

+382.7% since first listed

5 events — show timeline

• 2026-05-24 Listed $141,900 Greater Alabama MLS
• 2025-12-09 Price Changed $151,900 Greater Alabama MLS
• 2020-12-11 Sold (MLS) $33,400 Greater Alabama MLS
• 2020-11-09 Pending — Greater Alabama MLS
• 2020-10-23 Listed $29,400 Greater Alabama MLS

Property tax history

+2.0%/yr

Latest (2025): $1,011 · -13.2% YoY. Source: county tax records.