5920 Creekwood Rd · Irondale, AL 35210

$198,000

3 bd · 2.0 ba · 1,570 sqft · SingleFamily public records · 3 Days on market

Built 1995 0.35 ac lot Est $254k · 22% under

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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 +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.3/10.0
• 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 MLS

Charming 3 Bedroom and 2 Bath home. Located in the wonderful community of Irondale (Very Convenient Location). This Home Features: Hardwoods, tile, and carpet flooring. A Family Room with a Beautiful Brick Fireplace. An Eat-In Kitchen, with plenty of cabinet space. The Master Bedroom is located on the Main Level, with Walk- In Closets, and Master Bath with Tub/Shower Combo. Upstairs has two spacious Bedrooms and a Bath. This wonderful home also has Attic Storage and Storage under the home. There is a Covered Deck in the back, which includes a Grilling Deck and a fenced back yard. “A MUST SEE

Key facts

• Walk-in closet
• Private bath
• Covered patio

Tags

• BRICK WOODBURNING FIREPLACE
• EAT-IN KITCHEN
• WALK-IN CLOSET
• PRIVATE BATH
• COVERED PATIO
• FENCED BACKYARD

Property features AI

Finance

• Other: Property accessed via paved public road; Approximately 0.35 acre lot; Subdivision: Creekwood
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; On-street parking
• Utilities: Public water; Septic system; Electric water heater; Internet service available
• Home design: Existing residence; Tri-level layout (living area on main and upper levels noted); Crawl space foundation; Brick over foundation with other siding
• Construction: Brick over foundation and other siding; Crawl space foundation
• Exterior features: Fenced yard; Covered patio/porch

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Electric oven and electric stove; Refrigerator; Eating area in kitchen
• Bedrooms: Master bedroom on main level; Two additional bedrooms on upper level
• Flooring: Hardwood laminate; Tile
• Bathrooms: Two full bathrooms; Tub/shower combo; Master bath on main level
• Heating & cooling: Central heating; Central cooling; Ceiling fans
• Interior features: Hardwood laminate and tile flooring; Ceilings with special details (see remarks); Brick wood-burning fireplace in the family room; Eating area off the kitchen; No additional interior features listed
• Laundry & utility: Laundry on main level; Washer hookup; Electric dryer hookup; Laundry located in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $198k.

Deal economics

• At list price, monthly cash flow is $338 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $198k).
• Cap rate 8.3% 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; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 33% 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 $1k of loan paydown is wiped out by about $6k 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

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 9y 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 $118k; list at $198k implies a 68% 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 $198,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 1.03% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $254,340
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2146 Creekview Ln	0.12mi	3/2.0	1,365 (-13%)	20mo	$221,250	$162	56

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: -3.9%
• Equity multiple: 0.85×
• Total profit: $-8,141
• Equity at exit: $29,522

10-year hold

• IRR: 7.0%
• Equity multiple: 1.55×
• Total profit: $30,765
• Equity at exit: $17,119

Cash invested: $55,440 (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: 8.1×

Monthly cashflow live

• Estimated rent: $2,031 medium
• Mortgage (P&I): −$1,038
• Tax from tax record: −$145 /mo · $1,744/yr
• Insurance: −$82
• HOA: −$0
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $338

Break-even live

Break-even rent $1,603

Max offer price $198,000

Occupancy floor 78%

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: $49,500
• Closing costs: $5,940
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-18
   days on market $198,000 Active 3 DOM
2. 2026-06-17
   days on market $198,000 Active 2 DOM
3. 2026-06-15
   remarks 610-char remark
4. 2026-06-15
   listed $198,000 Active 1 DOM

ⓘ 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: $1,744 · $145/mo
• Projected year-2 tax: $1,744 · $145/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 4/10 Moderate
• 🌡 Heat 6/10 Major 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 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,369
• − Mortgage interest: −$11,091
• − Property taxes: −$1,744
• − Insurance: −$990
• − Repairs & maintenance: −$1,950
• − Management: −$1,950
• − Depreciation: −$5,760
• Taxable income: $885
• Est. tax owed @ 24.0%: −$212
• After-tax cash flow: $3,845/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

+146.3% since first listed

19 events — show timeline

• 2026-06-15 Listed $198,000 Greater Alabama MLS
• 2025-04-07 Rental Removed $1,570 RENTLY
• 2025-03-21 Price Changed $1,570 RENTLY
• 2025-02-12 Listed for Rent $1,600 RENTLY
• 2023-10-25 Rental Removed $1,550 RENTLY
• 2023-09-29 Listed for Rent $1,550 RENTLY
• 2020-04-02 Sold (Public Records) $118,000 Public Records
• 2020-04-02 Sold (Public Records) $118,000 Public Records
• 2020-03-27 Sold (MLS) $118,000 Greater Alabama MLS
• 2020-03-18 Pending — Greater Alabama MLS
• 2020-03-17 Listed $129,000 Greater Alabama MLS
• 2017-08-30 Sold (Public Records) $118,000 Public Records
• 2017-08-24 Sold (MLS) $118,000 Greater Alabama MLS
• 2017-07-14 Contingent — Greater Alabama MLS
• 2017-06-27 Listed $123,000 Greater Alabama MLS
• 2010-05-20 Sold (Public Records) $119,900 Public Records
• 2005-04-11 Sold (Public Records) $116,500 Public Records
• 2004-03-01 Sold (Public Records) $106,500 Public Records
• 1995-08-10 Sold (Public Records) $80,400 Public Records

Property tax history

+10.0%/yr

Latest (2025): $1,744 · -2.4% YoY. Source: county tax records.