4620 Avenue · Birmingham, AL 35208

$110,000

4 bd · 1.0 ba · 1,938 sqft · SingleFamily public records · 49 Days on market

Built 1910 0.32 ac lot $57/sqft · 33% above area Est $83k · 33% over

---

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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +6.7/10.0
• 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

Step into timeless character and endless potential with this charming older home featuring 4 bedrooms and 2.5 baths. Rich in detail, this residence welcomes you with a beautiful fireplace in a spacious living room filled with natural light—perfect for relaxing or entertaining—and a formal dining room ready to host memorable gatherings. Classic architectural touches and original features add warmth and personality throughout, offering the perfect canvas for your personal updates. The layout is both functional and inviting, with generously sized bedrooms and a convenient half bath for guests. While the home could benefit from a little TLC, it is move-in ready—making it ideal

Key facts

• Move-in ready
• Formal dining room
• Original features

Tags

• SPACIOUS LIVING ROOM
• FORMAL DINING ROOM
• CLASSIC ARCHITECTURAL TOUCHES
• ORIGINAL FEATURES
• MOVE-IN READY
• HISTORIC CHARM

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Driveway and on-street parking; 2-space carport
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available
• Home design: Existing single-family residence; Not a tri-level, split-level, or split-foyer home
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Front porch

Interior

• Kitchen: Laminate countertops; Refrigerator; Gas stove
• Bedrooms: Multiple bedrooms located on main level
• Flooring: Hardwood; Tile
• Bathrooms: Two full bathrooms and one half bathroom; Tub/shower combo
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Smooth ceilings; Hardwood and tile floors; One wood-burning, masonry see-through fireplace serving living room and bedroom
• Laundry & utility: Main-level laundry in a closet; Washer hookup and electric dryer hookup; Floor drain in laundry area; Attic with pull-down access

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $260 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $107k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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-, crime F, employment 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.
• Zoned schools: Central Park Elementary School (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 447 students, 83% FRL) — zoned schools at 83% FRL track the district average.
• 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); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 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 $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($107k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $30k; list at $110k implies a 267% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — 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 $106,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.17% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.14%
• DSCR: 1.45
• GRM: 7.1

CMA / ARV

• ARV (median comp): $82,852
• List price: $110,000
• Delta: 32.77%
• 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
4624 Court R	0.15mi	3/2.0 (-1)	1,887 (-3%)	1mo	$35,000	$19	79
1563 Martin Ave	0.46mi	4/2.0	1,848 (-5%)	6mo	$69,000	$37	61
3066 Avenue T	0.50mi	5/2.5 (+1)	1,903 (-2%)	2mo	$230,000	$121	61
1627 49th St	0.46mi	3/1.0 (-1)	1,863 (-4%)	9mo	$79,500	$43	59
1428 41st St	0.52mi	3/2.0 (-1)	2,038 (+5%)	3mo	$170,750	$84	56
1632 43rd St	0.26mi	3/2.0 (-1)	1,655 (-15%)	10mo	$104,000	$63	46
1611 31st Street Ensley	0.62mi	4/1.0	1,710 (-12%)	9mo	$90,000	$53	44
2116 Warrior Rd	0.54mi	3/1.0 (-1)	1,720 (-11%)	9mo	$50,000	$29	44
4716 Avenue	0.65mi	3/2.0 (-1)	1,810 (-7%)	9mo	$115,000	$64	42
1305 41st St	0.71mi	3/1.0 (-1)	1,760 (-9%)	10mo	$65,000	$37	38
1212 45th St	0.73mi	5/3.0 (+1)	2,120 (+9%)	9mo	$175,000	$83	30
1633 29th St	0.73mi	3/1.5 (-1)	1,658 (-14%)	8mo	$105,000	$63	28

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: 3.6%
• Equity multiple: 1.15×
• Total profit: $4,514
• Equity at exit: $16,401

10-year hold

• IRR: 16.8%
• Equity multiple: 2.66×
• Total profit: $51,084
• Equity at exit: $9,511

Cash invested: $30,800 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$577
• Tax est. 1.5%: −$138 /mo · $1,650/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $260

Break-even live

Break-even rent $962

Max offer price $110,000

Occupancy floor 75%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	2d	1	0.12mi
4612 Terrace S Birmingham, AL	3.0	1.0	1612	$1,050	$0.65	43d	1	0.15mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	43d	1	0.17mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	3d	1	0.18mi
4801 Avenue S Birmingham, AL	3.0	1.0	1310	$1,000	$0.76	43d	1	0.20mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	1d	1	0.22mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	3d	1	0.24mi
4825 Avenue S Birmingham, AL	3.0	1.0	1310	$1,050	$0.80	16d	1	0.26mi
4817 Court R Birmingham, AL	3.0	2.0	1530	$1,300	$0.85	16d	1	0.26mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	16d	1	0.29mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.30mi
2017 48th Street Ensley Birmingham, AL	3.0	2.0	1383	$1,250	$0.90	43d	1	0.35mi
2520 Avenue U Unit A Birmingham, AL	4.0	1.0	1260	$1,200	$0.95	43d	1	0.38mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	43d	1	0.39mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	43d	1	0.41mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.43mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.44mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	1d	1	0.44mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.48mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	2d	1	0.53mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.53mi
200 23rd St SW Birmingham, AL	5.0	1.0	1858	$1,400	$0.75	43d	1	0.62mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	3d	1	0.62mi
1724 30th Street Ensley Birmingham, AL	4.0	2.0	1428	$1,395	$0.98	16d	1	0.67mi
3017 Ensley Ave Birmingham, AL	3.0	1.0	1540	$1,400	$0.91	1d	1	0.69mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	43d	1	0.69mi
1633 29th Street Ensley Birmingham, AL	3.0	2.0	1658	$1,200	$0.72	43d	1	0.74mi
1545 29th Street Ensley Birmingham, AL	3.0	1.5	1331	$1,200	$0.90	43d	1	0.78mi
1900 Saint Charles Ave SW Birmingham, AL	4.0	2.0	1623	$1,350	$0.83	2d	1	0.79mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	0.88mi
1872 Princeton Ct SW Birmingham, AL	5.0	2.0	1829	$1,700	$0.93	23d	1	0.88mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	19d	1	0.88mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	43d	1	0.88mi
2348 Court R Birmingham, AL	3.0	2.0	1792	$1,769	$0.99	1d	1	0.95mi
2348 Court R Birmingham, AL	3.0	2.0	2400	$1,639	$0.68	19d	1	0.95mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	43d	1	0.95mi
2436 Avenue S Birmingham, AL	4.0	2.0	1800	$1,400	$0.78	3d	1	0.99mi
2108 25th Street Ensley Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	43d	1	1.00mi
1468 Pike Rd Birmingham, AL	5.0	2.0	1729	$1,385	$0.80	43d	1	1.00mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	43d	1	1.00mi

Listing history 17 events

1. 2026-06-18
   days on market $110,000 Active 49 DOM
2. 2026-06-17
   days on market $110,000 Active 48 DOM
3. 2026-06-16
   days on market $110,000 Active 47 DOM
4. 2026-06-15
   days on market $110,000 Active 46 DOM
5. 2026-06-13
   days on market $110,000 Active 44 DOM
6. 2026-06-10
   days on market $110,000 Active 41 DOM
7. 2026-06-09
   days on market $110,000 Active 40 DOM
8. 2026-06-08
   days on market $110,000 Active 39 DOM
9. 2026-06-08
   status $110,000 Active 38 DOM
10. 2026-06-07
    days on market $110,000 Contingent 38 DOM
11. 2026-06-03
    days on market $110,000 Contingent 34 DOM
12. 2026-06-02
    days on market $110,000 Contingent 33 DOM
13. 2026-06-02
    status $110,000 Contingent 32 DOM
14. 2026-06-01
    days on market $110,000 Active 32 DOM
15. 2026-05-31
    days on market $110,000 Active 31 DOM
16. 2026-04-30
    listed $110,000 Active 1009-char remark
17. 1991-12-16
    soldstatus $30,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $15,500
• − Mortgage interest: −$6,162
• − Property taxes: −$1,650
• − Insurance: −$550
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$3,200
• Taxable income: $1,458
• Est. tax owed @ 24.0%: −$350
• After-tax cash flow: $2,773/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

+266.7% since first listed

4 events — show timeline

• 2026-06-07 Relisted — Greater Alabama MLS
• 2026-06-02 Contingent — Greater Alabama MLS
• 2026-04-30 Listed $110,000 Greater Alabama MLS
• 1991-12-16 Sold (Public Records) $30,000 Public Records