4200 Alexander Rd · Birmingham, AL 35130

$35,000

2 bd · 1.0 ba · 928 sqft · SingleFamily public records · 102 Days on market

Built 1950 1.68 ac lot $38/sqft · 67% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks MLS

Investors dream home. .. . This is a great location on 1.68+/- AC. This is a 2 bedroom 1 bath home that has room for expansion and needs TLC. Master bedroom has a brick fireplace and kitchen has some cabinets already installed. There is a utility shed and a start of a pole barn also on the property. This property is large enough for a second home or a mobile home.

Key facts

• Brick fireplace
• Utility shed
• Great location

Tags

• GREAT LOCATION
• BRICK FIREPLACE
• UTILITY SHED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $474 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($881 rent vs $35k).
• Recommended offer: $32k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.5% 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.
• 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.
• Market conditions: 29 active listings in the ZIP; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($242 loan paydown + $4k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 102 days — a 9% lower offer ($32k) is reasonable based on typical stale-listing flexibility.
• 5 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.
• Current owner paid $5k; list at $35k implies a 586% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $31,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 102 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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: 2.52% ✓
• Cap rate: 22.55%
• Cash-on-cash: 58.05%
• DSCR: 3.58
• GRM: 3.3

CMA / ARV

• ARV (median comp): $105,685
• List price: $35,000
• Delta: -66.88%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4200 Alexander Rd	0.00mi	2/1.0	928 (0%)	1mo	$17,000	$18	99

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 70.5%
• Equity multiple: 6.03×
• Total profit: $49,257
• Equity at exit: $31,531

10-year hold

• IRR: 64.3%
• Equity multiple: 13.38×
• Total profit: $121,313
• Equity at exit: $67,997

Cash invested: $9,800 (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 35130

• Home prices YoY: 7.0%
• Active inventory: 29
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $881 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$24 /mo · $288/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$185
• Net cashflow: $474

Break-even live

Break-even rent $281

Max offer price $35,000

Occupancy floor 41%

Sensitivity live

Price	-10% $494	-5% $484	+0% $474	+5% $464	+10% $454
Rent	-10% $404	-5% $439	+0% $474	+5% $509	+10% $544
Rate	-1.0pp $492	-0.5pp $483	base $474	+0.5pp $465	+1.0pp $456

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-05-14
   status Pending 366-char remark

   Show marketing remark (366 chars)

   Investors dream home. .. . This is a great location on 1.68+/- AC. This is a 2 bedroom 1 bath home that has room for expansion and needs TLC. Master bedroom has a brick fireplace and kitchen has some cabinets already installed. There is a utility shed and a start of a pole barn also on the property. This property is large enough for a second home or a mobile home.

2. 2026-02-10
   status Active 366-char remark

   Show marketing remark (366 chars)

   Investors dream home. .. . This is a great location on 1.68+/- AC. This is a 2 bedroom 1 bath home that has room for expansion and needs TLC. Master bedroom has a brick fireplace and kitchen has some cabinets already installed. There is a utility shed and a start of a pole barn also on the property. This property is large enough for a second home or a mobile home.

3. 2026-01-29
   status Pending 366-char remark

   Show marketing remark (366 chars)

   Investors dream home. .. . This is a great location on 1.68+/- AC. This is a 2 bedroom 1 bath home that has room for expansion and needs TLC. Master bedroom has a brick fireplace and kitchen has some cabinets already installed. There is a utility shed and a start of a pole barn also on the property. This property is large enough for a second home or a mobile home.

4. 2026-01-19
   listed $35,000 Active 366-char remark

   Show marketing remark (366 chars)

   Investors dream home. .. . This is a great location on 1.68+/- AC. This is a 2 bedroom 1 bath home that has room for expansion and needs TLC. Master bedroom has a brick fireplace and kitchen has some cabinets already installed. There is a utility shed and a start of a pole barn also on the property. This property is large enough for a second home or a mobile home.

5. 2019-01-31
   soldstatus $5,100 Sold 412-char remark

   Show marketing remark (412 chars)

   Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

6. 2019-01-04
   historical 412-char remark

   Show marketing remark (412 chars)

   Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

7. 2019-01-03
   historical Contingent 412-char remark

   Show marketing remark (412 chars)

   Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

8. 2018-11-30
   price $14,400 412-char remark

   Show marketing remark (412 chars)

   Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

9. 2018-10-25
   price $16,000 412-char remark

   Show marketing remark (412 chars)

   Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

10. 2018-10-23
    status Active 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

11. 2018-08-13
    historical 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

12. 2018-07-27
    historical Contingent 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

13. 2018-07-26
    price $17,500 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

14. 2018-07-24
    price $13,000 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

15. 2018-07-24
    status Active 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

16. 2018-07-02
    historical 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

17. 2018-05-03
    price $17,500 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

18. 2018-04-02
    listed $19,000 Active 412-char remark

    Show marketing remark (412 chars)

    Country living at it's best. This 2 bedroom, 1 bath home on 1.68 acres has been priced to sell. This home has beautiful hardwoods in the living room, the kitchen has beautiful oak brown cabinets with a great size eat in area. The master bedroom has a wood burning fireplace. The front and backyard are a great size. This home is ready for it's new owners so hurry before it's gone. This is a Fannie Mae property.

19. 2000-12-13
    soldstatus $23,500

ⓘ 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: $288 · $24/mo
• Projected year-2 tax: $288 · $24/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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,575
• − Mortgage interest: −$1,961
• − Property taxes: −$288
• − Insurance: −$175
• − Repairs & maintenance: −$846
• − Management: −$846
• − Depreciation: −$1,018
• Taxable income: $5,442
• Est. tax owed @ 24.0%: −$1,306
• After-tax cash flow: $4,383/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 — 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

• City population: 210,422
• Population (ZIP): 3,239

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 White (85%)
• Race & ethnicity: White 85% Two or more races 9% Black 6%
• Common ancestry: Scotch-Irish 6% Serbian 1% Italian 1%
• Foreign-born: 0% · Canada, Jamaica

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: ▲ 11.51%
• Current HPI: 176.96
• Rent YoY: —
• Metro: —
• 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

+48.9% since first listed

19 events — show timeline

• 2026-05-14 Pending — Greater Alabama MLS
• 2026-02-10 Relisted — Greater Alabama MLS
• 2026-01-29 Pending — Greater Alabama MLS
• 2026-01-19 Listed $35,000 Greater Alabama MLS
• 2019-01-31 Sold (MLS) $5,100 Greater Alabama MLS
• 2019-01-04 Delisted — Greater Alabama MLS
• 2019-01-03 Contingent — Greater Alabama MLS
• 2018-11-30 Price Changed $14,400 Greater Alabama MLS
• 2018-10-25 Price Changed $16,000 Greater Alabama MLS
• 2018-10-23 Relisted — Greater Alabama MLS
• 2018-08-13 Delisted — Greater Alabama MLS
• 2018-07-27 Contingent — Greater Alabama MLS
• 2018-07-26 Price Changed $17,500 Greater Alabama MLS
• 2018-07-24 Price Changed $13,000 Greater Alabama MLS
• 2018-07-24 Relisted — Greater Alabama MLS
• 2018-07-02 Delisted — Greater Alabama MLS
• 2018-05-03 Price Changed $17,500 Greater Alabama MLS
• 2018-04-02 Listed $19,000 Greater Alabama MLS
• 2000-12-13 Sold (Public Records) $23,500 Public Records

Property tax history

+4.3%/yr

Latest (2025): $288 · +0.0% YoY. Source: county tax records.