4737 Avenue R · Birmingham, AL 35208

$90,000

3 bd · 1.0 ba · 1,353 sqft · SingleFamily public records · 132 Days on market

Built 1925 6,969 sqft lot $67/sqft · 32% above area Est $68k · 32% over

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 1 bathroom home sits on a large, level lot and is convenient to shopping, dining, Hwy 11, and I-59. This is a great investment opportunity!

Key facts

• 6,969 sq ft lot
• Built 1925
• Listed 132 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $286 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.1% 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 fast (+7.2%/yr); 122 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); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 37% of the median local income ($39k/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 $622 of loan paydown is wiped out by about $3k 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 $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $35k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $79,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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 1925 — 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. 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.
8. 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.
9. 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: 1.31% ✓
• Cap rate: 10.11%
• Cash-on-cash: 13.62%
• DSCR: 1.61
• GRM: 6.4

CMA / ARV

• ARV (median comp): $68,269
• List price: $90,000
• Delta: 31.83%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4637 Avenue R	0.12mi	2/1.0 (-1)	1,378 (+2%)	3mo	$28,500	$21	84
1836 Bessemer Rd	0.28mi	3/1.0	1,258 (-7%)	4mo	$55,000	$44	72
4829 Avenue	0.24mi	3/1.0	1,247 (-8%)	5mo	$50,000	$40	72
4728 Terrace	0.32mi	3/2.0	1,276 (-6%)	4mo	$29,900	$23	68
1825 49th St	0.18mi	3/1.0	1,532 (+13%)	4mo	$51,000	$33	66
1113 51st St	0.27mi	3/2.0	1,231 (-9%)	3mo	$204,900	$166	66
1508 W 51st St	0.41mi	3/1.5	1,264 (-7%)	2mo	$30,000	$24	66
5528 Avenue Q	0.54mi	3/1.0	1,252 (-8%)	2mo	$52,900	$42	61
1515 35th St	0.64mi	3/1.5	1,205 (-11%)	1mo	$80,000	$66	49
3300 Avenue Q	0.68mi	2/1.0 (-1)	1,227 (-9%)	0mo	$35,000	$29	48
5509 Court P	0.52mi	3/2.0	1,188 (-12%)	5mo	$35,000	$29	47
1112 47th St	0.75mi	2/1.0 (-1)	1,166 (-14%)	5mo	$83,000	$71	33

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: 8.6%
• Equity multiple: 1.35×
• Total profit: $8,888
• Equity at exit: $13,419

10-year hold

• IRR: 21.2%
• Equity multiple: 3.17×
• Total profit: $54,741
• Equity at exit: $7,782

Cash invested: $25,200 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,176 high
• Mortgage (P&I): −$472
• Tax from tax record: −$134 /mo · $1,602/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $286

Break-even live

Break-even rent $814

Max offer price $90,000

Occupancy floor 71%

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: $22,500
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	14d	1	0.02mi
4817 Court R Birmingham, AL	3.0	2.0	1530	$1,300	$0.85	15d	1	0.10mi
1757 48th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1164	$1,295	$1.11	2d	1	0.11mi
4619 Terrace Q Birmingham, AL	3.0	2.0	1198	$900	$0.75	43d	1	0.18mi
4801 Avenue S Birmingham, AL	3.0	1.0	1310	$1,000	$0.76	43d	1	0.20mi
4825 Avenue S Birmingham, AL	3.0	1.0	1310	$1,050	$0.80	15d	1	0.21mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	3d	1	0.22mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	43d	1	0.22mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	43d	1	0.24mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	43d	1	0.26mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	43d	1	0.28mi
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	1d	1	0.28mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	43d	1	0.30mi
1556 Burgin Ave Birmingham, AL	4.0	1.0	1168	$1,100	$0.94	19d	1	0.34mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	21d	1	0.34mi
4612 Terrace S Birmingham, AL	3.0	1.0	1612	$1,050	$0.65	43d	1	0.34mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	1d	1	0.36mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.36mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.36mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	23d	1	0.36mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	1d	1	0.38mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	1d	1	0.38mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.40mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	3d	1	0.40mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	15d	1	0.40mi
2017 48th Street Ensley Birmingham, AL	3.0	2.0	1383	$1,250	$0.90	43d	1	0.42mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.43mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.45mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	43d	1	0.46mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	43d	1	0.47mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	43d	1	0.51mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.51mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	44d	1	0.51mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	43d	1	0.52mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.55mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	43d	1	0.55mi
312 25th St SW Birmingham, AL	4.0	1.0	1159	$1,000	$0.86	23d	1	0.56mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	43d	1	0.56mi
2520 Avenue U Unit A Birmingham, AL	4.0	1.0	1260	$1,200	$0.95	43d	1	0.57mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	3d	1	0.59mi

Listing history 24 events

1. 2026-06-18
   days on market $90,000 Active 132 DOM
2. 2026-06-17
   days on market $90,000 Active 131 DOM
3. 2026-06-16
   days on market $90,000 Active 130 DOM
4. 2026-06-15
   days on market $90,000 Active 129 DOM
5. 2026-06-13
   days on market $90,000 Active 127 DOM
6. 2026-06-10
   days on market $90,000 Active 124 DOM
7. 2026-06-09
   days on market $90,000 Active 123 DOM
8. 2026-06-08
   days on market $90,000 Active 122 DOM
9. 2026-06-07
   days on market $90,000 Active 121 DOM
10. 2026-06-03
    days on market $90,000 Active 117 DOM
11. 2026-06-02
    days on market $90,000 Active 116 DOM
12. 2026-06-01
    days on market $90,000 Active 115 DOM
13. 2026-05-31
    days on market $90,000 Active 114 DOM
14. 2026-04-22
    price $90,000 155-char remark

    Show marketing remark (155 chars)

    This 3 bedroom, 1 bathroom home sits on a large, level lot and is convenient to shopping, dining, Hwy 11, and I-59. This is a great investment opportunity!

15. 2026-03-10
    price $110,000 155-char remark

    Show marketing remark (155 chars)

    This 3 bedroom, 1 bathroom home sits on a large, level lot and is convenient to shopping, dining, Hwy 11, and I-59. This is a great investment opportunity!

16. 2026-02-06
    listed $125,000 Active 155-char remark

    Show marketing remark (155 chars)

    This 3 bedroom, 1 bathroom home sits on a large, level lot and is convenient to shopping, dining, Hwy 11, and I-59. This is a great investment opportunity!

17. 2020-10-26
    soldstatus $130,000 Sold 66-char remark

    Show marketing remark (66 chars)

    This is a great tenant occupied investment property in Birmingham!

18. 2020-10-21
    status Pending 66-char remark

    Show marketing remark (66 chars)

    This is a great tenant occupied investment property in Birmingham!

19. 2020-07-29
    listed $130,000 Active 66-char remark

    Show marketing remark (66 chars)

    This is a great tenant occupied investment property in Birmingham!

20. 2012-09-27
    soldstatus $11,000
21. 2012-08-16
    listed $12,900
22. 2009-05-11
    soldstatus $83,000
23. 1996-07-24
    soldstatus $35,500
24. 1994-07-01
    soldstatus $35,500

ⓘ 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: $1,602 · $134/mo
• Projected year-2 tax: $1,602 · $134/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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,110
• − Mortgage interest: −$5,041
• − Property taxes: −$1,602
• − Insurance: −$450
• − Repairs & maintenance: −$1,129
• − Management: −$1,129
• − Depreciation: −$2,618
• Taxable income: $2,141
• Est. tax owed @ 24.0%: −$514
• After-tax cash flow: $2,917/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

+153.5% since first listed

11 events — show timeline

• 2026-04-22 Price Changed $90,000 Greater Alabama MLS
• 2026-03-10 Price Changed $110,000 Greater Alabama MLS
• 2026-02-06 Listed $125,000 Greater Alabama MLS
• 2020-10-26 Sold (MLS) $130,000 Greater Alabama MLS
• 2020-10-21 Pending — Greater Alabama MLS
• 2020-07-29 Listed $130,000 Greater Alabama MLS
• 2012-09-27 Sold (MLS) $11,000 Greater Alabama MLS
• 2012-08-16 Listed $12,900 Greater Alabama MLS
• 2009-05-11 Sold (Public Records) $83,000 Public Records
• 1996-07-24 Sold (Public Records) $35,500 Public Records
• 1994-07-01 Sold (Public Records) $35,500 Public Records

Property tax history

+2.7%/yr

Latest (2025): $1,602 · +0.0% YoY. Source: county tax records.