4757 Cheshire Cir · Grayson Valley, AL 35235

$120,000

3 bd · 2.0 ba · 1,836 sqft · Townhouse public records · 11 Days on market

Built 1997 $65/sqft · 28% below area Est $143k · 16% under

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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
• ARV discount +14.6/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Rent growth +3.8/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

Key facts

• Large family room
• End unit
• Spacious kitchen

Tags

• END UNIT
• SPACIOUS KITCHEN
• GENEROUS DINING AREA
• LARGE FAMILY ROOM
• UNIQUE LOFT STYLE AMBIANCE

Property features AI

Finance

• Other: Garbage fee amount $90 (quarterly)
• Financial info: Down payment assistance available; Quarterly garbage fee
• HOA & community: No association fee

Exterior

• Parking: Assigned parking; Driveway parking; On-street parking
• Utilities: Public water; Connected sewer; Gas water heater; Underground utilities; Internet availability unknown
• Home design: Existing home; Split-level layout; Slab foundation; Siding: Hardiplank
• Construction: Hardiplank siding
• Exterior features: Fenced yard; Open patio; Porch

Interior

• Kitchen: Laminate countertops; Built-in dishwasher; Electric stove; Some stainless appliances
• Bedrooms: Bedrooms on main level and upper level; Master bedroom on upper level
• Flooring: Carpet; Hardwood laminate; Tile
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; One gas fireplace in the family room (gas starter)
• Laundry & utility: Laundry on main level; Washer hookup; Electric dryer hookup; Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $120k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Cap rate 10.8% vs local median 5.5% in Grayson Valley — 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 65/100 on livability (#139 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing B+; Watch: amenities F, commute F, employment D-.
• 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: Chalkville Elementary School (math 6% / reading 16%, grade F, #560 of 627 statewide, top 90%, 854 students, 79% FRL); Claychalkville High School (math 6% / reading 9%, grade F, #261 of 305 statewide, top 87%, 1,361 students, 56% FRL) — zoned schools average 67% FRL vs 49% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.4%/yr); 114 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $830 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 + 5.4% rent growth), your $34k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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.

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 $120,000

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: 1.25% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.96%
• DSCR: 1.71
• GRM: 6.7

CMA / ARV

• ARV (median comp): $142,540
• List price: $120,000
• Delta: -15.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5481 Nottinghill Dr	0.19mi	3/2.0	1,831 (-0%)	4mo	$135,000	$74	87
4757 Cheshire Cir	0.00mi	3/2.0	1,570 (-14%)	1mo	$120,500	$77	75
5507 Saint James St	0.28mi	3/2.0	1,692 (-8%)	14mo	$167,000	$99	62
2518 Hampstead Dr	0.21mi	3/2.0	1,958 (+7%)	24mo	$160,500	$82	59

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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: 9.3%
• Equity multiple: 1.38×
• Total profit: $12,677
• Equity at exit: $17,892

10-year hold

• IRR: 20.3%
• Equity multiple: 2.89×
• Total profit: $63,459
• Equity at exit: $10,375

Cash invested: $33,600 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,499 high
• Mortgage (P&I): −$629
• Tax from tax record: −$58 /mo · $695/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $447

Break-even live

Break-even rent $933

Max offer price $120,000

Occupancy floor 65%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2543 Hampstead Dr Birmingham, AL	2.0	2.5	1272	$1,123	$0.88	23d	1	0.16mi
2202 Cheshire Dr Birmingham, AL	3.0	2.5	1536	$1,325	$0.86	2d	1	0.23mi
2350 Grayson Valley Cir Birmingham, AL	3.0	2.5	1380	$1,595	$1.16	43d	1	0.58mi
2358 Grayson Valley Cir Birmingham, AL	3.0	3.0	1320	$1,503	$1.14	11d	1	0.60mi
2505 Martin Rd Birmingham, AL	4.0	2.0	1551	$1,550	$1.00	1d	1	0.67mi
1839 Satterwhite St Birmingham, AL	4.0	2.0	2443	$1,671	$0.68	43d	1	0.74mi
1868 Carraway St Birmingham, AL	3.0	2.0	1819	$1,500	$0.82	23d	1	0.80mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	23d	1	0.84mi
2561 Gaylon St Birmingham, AL	3.0	1.5	1318	$1,345	$1.02	21d	1	0.91mi
1760 Sonia Dr Birmingham, AL	3.0	2.0	1550	$1,635	$1.05	1d	1	0.97mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	43d	1	1.00mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	23d	1	1.10mi
2504 Beechwood Trl Pinson, AL	3.0	2.0	1359	$1,435	$1.06	21d	1	1.16mi
1808 Brewster Rd Birmingham, AL	4.0	2.0	1548	$1,515	$0.98	43d	1	1.17mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	43d	1	1.20mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	2d	1	1.23mi
5240 Jean Dr Pinson, AL	4.0	2.0	1714	$1,695	$0.99	43d	1	1.33mi
1733 Molly Dr Birmingham, AL	4.0	1.5	1570	$1,460	$0.93	10d	1	1.38mi
5140 Hickory Dr NE Pinson, AL	3.0	1.5	1518	$1,465	$0.97	21d	1	1.46mi

Listing history 10 events

1. 2026-05-09
   status Pending 882-char remark
2. 2026-04-28
   listed $120,000 Active 882-char remark
3. 2018-08-17
   soldstatus $94,000 Sold 790-char remark

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

4. 2018-08-17
   soldstatus $94,297

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

5. 2018-06-13
   historical 790-char remark

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

6. 2018-06-09
   status Active 790-char remark

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

7. 2018-05-30
   historical 790-char remark

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

8. 2018-03-27
   listed $104,000 Active 790-char remark

   Show marketing remark (790 chars)

   GOOD NEWS!!!!!!!! YOU GET A 2ND CHANCE!!!!!! Be the 1st to see this large end unit with large level fenced yard it is BACK ON THE MARKET!!! You will love the space this well maintained home has to offer. Kitchen is a nice size with lots of cabinets and pantry with all appliances staying! It opens into a large dinning room with open floor plan to den and fireplace. There is a large bedroom on the main level with access to bathroom which could be used as a master bedroom if needed. You will love the high ceiling and the staircase that leads to the upstairs bedrooms, giving you an urban loft experience!! The master bedroom is huge with private bath and the 3rd bedroom is also a very nice size!! The HVAC system is new and much more! This one is move in ready and waiting on you!!

9. 2010-08-26
   soldstatus $109,000
10. 2002-02-18
    soldstatus $97,500

ⓘ 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: $695 · $58/mo
• Projected year-2 tax: $695 · $58/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 5/10 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: $17,988
• − Mortgage interest: −$6,722
• − Property taxes: −$695
• − Insurance: −$600
• − Repairs & maintenance: −$1,439
• − Management: −$1,439
• − Depreciation: −$3,491
• Taxable income: $3,601
• Est. tax owed @ 24.0%: −$864
• After-tax cash flow: $4,499/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 — Grayson Valley

• Score: 65/100
• State rank: #139
• US rank: #13418

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grayson Valley, AL
• County: Jefferson County · 527,445 people
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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 Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+23.6% since first listed

11 events — show timeline

• 2026-05-29 Sold (MLS) $120,500 Greater Alabama MLS
• 2026-05-09 Pending — Greater Alabama MLS
• 2026-04-28 Listed $120,000 Greater Alabama MLS
• 2018-08-17 Sold (Public Records) $94,297 Public Records
• 2018-08-17 Sold (MLS) $94,000 Greater Alabama MLS
• 2018-06-13 Delisted — Greater Alabama MLS
• 2018-06-09 Relisted — Greater Alabama MLS
• 2018-05-30 Delisted — Greater Alabama MLS
• 2018-03-27 Listed $104,000 Greater Alabama MLS
• 2010-08-26 Sold (Public Records) $109,000 Public Records
• 2002-02-18 Sold (Public Records) $97,500 Public Records

Property tax history

+3.3%/yr

Latest (2025): $695 · +7.4% YoY. Source: county tax records.