41 4th Ave S · Birmingham, AL 35205

$24,900

3 bd · 1.0 ba · 1,036 sqft · SingleFamily public records · 448 Days on market

Built 1920 8,276 sqft lot $24/sqft · 49% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for your next flip or rental property? This is the perfect opportunity to transform a hidden gem into a shining diamond! Ideally situated just minutes from downtown Birmingham and Homewood, this property boasts incredible potential in a prime location. Please note: The home has sustained fire damage and is being sold as-is. Buyer and buyer’s agent to verify all important details. Don’t miss out on this excellent investment opportunity!

Key facts

• 8,276 sq ft lot
• Built 1920
• Listed 448 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $765 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $22k (12.0% below list) — sets the bar for market timing.
• Cap rate 43.1% 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-, schools F, crime 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.
• Market conditions: Rents rising (+2.6%/yr); 125 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $172 of loan paydown is wiped out by about $747 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 + 2.6% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 448 days — a 12% lower offer ($22k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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 $18k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• 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 $21,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 448 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 1920 — 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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 4.69% ✓
• Cap rate: 43.14%
• Cash-on-cash: 131.60%
• DSCR: 6.86
• GRM: 1.8

CMA / ARV

• ARV (median comp): $51,410
• List price: $24,900
• Delta: -51.57%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Kappa Ave S	0.30mi	3/1.0	1,034 (-0%)	7mo	$25,000	$24	80
417 Goldwire St SW	0.29mi	3/1.0	1,107 (+7%)	2mo	$95,000	$86	73
18 6th Ave S	0.15mi	3/1.0	1,100 (+6%)	12mo	$40,000	$36	73
1601 Center St S	0.25mi	3/1.0	988 (-5%)	10mo	$106,000	$107	72
216 S 3rd Ave	0.26mi	3/1.0	1,143 (+10%)	2mo	$75,000	$66	70
741 Center Pl	0.41mi	3/1.0	1,101 (+6%)	2mo	$141,000	$128	68
728 Center Pl SW	0.38mi	3/1.0	1,143 (+10%)	1mo	$140,000	$122	64
44 17th Ct S	0.39mi	2/1.0 (-1)	946 (-9%)	2mo	$49,000	$52	60
506 S Alpha St	0.53mi	3/1.0	944 (-9%)	11mo	$115,900	$123	51
101 S 18th Ct	0.57mi	3/1.0	1,116 (+8%)	13mo	$140,000	$125	50
1717 Center Way S	0.38mi	2/1.5 (-1)	912 (-12%)	10mo	$125,000	$137	47
2019 Hollins Dr	0.71mi	3/2.0	1,120 (+8%)	5mo	$165,000	$147	45

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 7.34×
• Total profit: $44,192
• Equity at exit: $3,713

10-year hold

• IRR: —
• Equity multiple: 15.24×
• Total profit: $99,271
• Equity at exit: $2,153

Cash invested: $6,972 (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 35205

• Rents YoY: 2.6%
• Active inventory: 125
• Price-to-rent: 1.8×

Monthly cashflow live

• Estimated rent: $1,167 high
• Mortgage (P&I): −$131
• Tax from tax record: −$16 /mo · $196/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $765

Break-even live

Break-even rent $199

Max offer price $24,900

Occupancy floor 29%

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	44d	1	0.12mi
112 Kappa Ave S Birmingham, AL	3.0	2.0	1034	$1,100	$1.06	44d	1	0.32mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	16d	1	0.40mi
261 3rd Ave SW Birmingham, AL	1.0–2.0	1.0	634	$850	$1.34	3d	14	0.43mi
806 Gamma St S Birmingham, AL	3.0	1.0	1252	$1,200	$0.96	44d	1	0.44mi
310 Gamma St S Birmingham, AL	3.0	1.5	1001	$1,200	$1.20	16d	1	0.45mi
313 Beta St S Unit 317A Birmingham, AL	2.0	1.0	850	$799	$0.94	2d	1	0.51mi
506 Alpha St S Birmingham, AL	3.0	1.0	944	$1,373	$1.45	44d	1	0.54mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	44d	1	0.58mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	24d	1	0.75mi
413 Fulton Ave SW Birmingham, AL	3.0	1.0	940	$525	$0.56	3d	1	0.90mi
608 Fulton Ave SW Birmingham, AL	3.0	1.0	1271	$1,300	$1.02	44d	1	0.96mi
609 Idlewild Cir Apt B Birmingham, AL	2.0	1.0	705	$875	$1.24	3d	1	0.96mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	44d	1	1.01mi
407 Green Springs Ave S Birmingham, AL	2.0	1.0	866	$2,000	$2.31	2d	1	1.02mi
691 Idlewild Cir Birmingham, AL	2.0	2.0	777	$1,382	$1.78	3d	3	1.02mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	12d	1	1.03mi
451 2nd St N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	44d	1	1.05mi
644 Alabama Ave SW Birmingham, AL	3.0	1.0	1274	$1,125	$0.88	24d	1	1.05mi
1100 Cotton Ave SW Unit b Birmingham, AL	2.0	1.5	816	$988	$1.21	44d	1	1.06mi
1101 10th Pl S Birmingham, AL	1.0–2.0	1.0–2.0	986	$1,825	$1.85	3d	11	1.10mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	21d	1	1.15mi
2217-2249 Green Springs Hwy Unit 2249-E Birmingham, AL	2.0	1.0	900	$910	$1.01	44d	1	1.15mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	44d	1	1.27mi
624 4th Ct W Birmingham, AL	3.0	1.5	992	$1,250	$1.26	44d	1	1.28mi
1413 11th Pl S Birmingham, AL	2.0	1.0	829	$1,282	$1.55	44d	4	1.28mi
1131 16th Ave S Unit A Birmingham, AL	2.0	1.0	900	$1,215	$1.35	3d	1	1.30mi
1639 11th Pl S Unit K Birmingham, AL	2.0	1.0	845	$875	$1.04	12d	1	1.32mi
1639 11th Pl S Apt D Birmingham, AL	2.0	1.0	845	$895	$1.06	12d	1	1.32mi
1010 Beacon Pkwy E Birmingham, AL	1.0–2.0	1.0–2.0	945	$2,275	$2.41	2d	18	1.33mi
724 4th Ct W Birmingham, AL	3.0	1.0	1300	$930	$0.72	44d	1	1.33mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	870	$800	$0.92	44d	1	1.33mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	800	$800	$1.00	12d	1	1.33mi
916 14th St SW Unit A Birmingham, AL	2.0	1.0	870	$800	$0.92	24d	1	1.33mi
1144 16th Ave S Birmingham, AL	1.0–2.0	1.0–1.5	720	$1,119	$1.55	3d	6	1.34mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	44d	1	1.35mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	3d	1	1.38mi
1120 Beacon Pkwy E #408 Birmingham, AL	2.0	2.0	1482	$1,950	$1.32	2d	1	1.38mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	44d	1	1.39mi
401 Skyview Dr Birmingham, AL	2.0	1.0	864	$950	$1.10	44d	1	1.40mi

Listing history 17 events

1. 2026-06-18
   days on market $24,900 Active 448 DOM
2. 2026-06-17
   days on market $24,900 Active 447 DOM
3. 2026-06-16
   days on market $24,900 Active 446 DOM
4. 2026-06-15
   days on market $24,900 Active 445 DOM
5. 2026-06-13
   days on market $24,900 Active 443 DOM
6. 2026-06-10
   days on market $24,900 Active 440 DOM
7. 2026-06-09
   days on market $24,900 Active 439 DOM
8. 2026-06-08
   days on market $24,900 Active 438 DOM
9. 2026-06-07
   days on market $24,900 Active 437 DOM
10. 2026-06-03
    days on market $24,900 Active 433 DOM
11. 2026-06-02
    days on market $24,900 Active 432 DOM
12. 2026-06-01
    days on market $24,900 Active 431 DOM
13. 2026-05-31
    days on market $24,900 Active 430 DOM
14. 2025-03-27
    listed $24,900 Active 462-char remark

    Show marketing remark (462 chars)

    Looking for your next flip or rental property? This is the perfect opportunity to transform a hidden gem into a shining diamond! Ideally situated just minutes from downtown Birmingham and Homewood, this property boasts incredible potential in a prime location. Please note: The home has sustained fire damage and is being sold as-is. Buyer and buyer’s agent to verify all important details. Don’t miss out on this excellent investment opportunity!

15. 2022-01-07
    soldstatus $17,900 Sold 430-char remark

    Show marketing remark (430 chars)

    INVESTOR SPECIAL!!! House with unlimited potential. Take this property and restore it to its original beauty, or use your imagination and turn into a modern bungalow. House features a large leveled backyard, 3 bedrooms, 1 bathroom. Located close to downtown and Homewood. LOCATION, LOCATION, LOCATION! House is sealed with plywood due to fire damage. BRING ALL OFFERS! Seller is open to owner Financing with a $5,000 down payment.

16. 2021-12-22
    historical 430-char remark

    Show marketing remark (430 chars)

    INVESTOR SPECIAL!!! House with unlimited potential. Take this property and restore it to its original beauty, or use your imagination and turn into a modern bungalow. House features a large leveled backyard, 3 bedrooms, 1 bathroom. Located close to downtown and Homewood. LOCATION, LOCATION, LOCATION! House is sealed with plywood due to fire damage. BRING ALL OFFERS! Seller is open to owner Financing with a $5,000 down payment.

17. 2021-11-27
    listed $17,900 Active 430-char remark

    Show marketing remark (430 chars)

    INVESTOR SPECIAL!!! House with unlimited potential. Take this property and restore it to its original beauty, or use your imagination and turn into a modern bungalow. House features a large leveled backyard, 3 bedrooms, 1 bathroom. Located close to downtown and Homewood. LOCATION, LOCATION, LOCATION! House is sealed with plywood due to fire damage. BRING ALL OFFERS! Seller is open to owner Financing with a $5,000 down payment.

ⓘ 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: $196 · $16/mo
• Projected year-2 tax: $196 · $16/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 7/10 Severe 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 · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,003
• − Mortgage interest: −$1,395
• − Property taxes: −$196
• − Insurance: −$124
• − Repairs & maintenance: −$1,120
• − Management: −$1,120
• − Depreciation: −$724
• Taxable income: $9,323
• Est. tax owed @ 24.0%: −$2,238
• After-tax cash flow: $6,938/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): 18,858
• Household income: $51,158
• Rent vs Own: 67.2% rent · 32.8% own
• Severe rent burden: 1468.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 26% Hispanic / Latino 5% Asian 5% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -199.42%
• Current HPI: 291.38
• Rent YoY: ▲ 2.59%
• 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

+39.1% since first listed

4 events — show timeline

• 2025-03-27 Listed $24,900 Greater Alabama MLS
• 2022-01-07 Sold (MLS) $17,900 Greater Alabama MLS
• 2021-12-22 Delisted — Greater Alabama MLS
• 2021-11-27 Listed $17,900 Greater Alabama MLS

Property tax history

-6.2%/yr

Latest (2025): $196 · -73.2% YoY. Source: county tax records.