4852 Smithfield Dr N · Birmingham, AL 35207

$150,000

3 bd · 1.0 ba · 1,902 sqft · SingleFamily public records · 123 Days on market

Built 1969 Good condition 0.30 ac lot $79/sqft · 33% below area Est $223k · 33% under

---

Why this score? — see what drove the A 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 +15.0/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.0/10.0
• Condition / age +4.0/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0

Listing remarks

Welcome to this solid 4-sided brick home located in the desirable N. Smithfield Manor community! This 3BR, 1.5 bath home offers a functional layout with plenty of space to make your own. Step inside to find a comfortable living room, dedicated dining area, and a kitchen ready for your personal touch. Beautiful original hardwood floors add character and warmth, giving the home timeless appeal. Downstairs, you'll love the large family room- perfect for gatherings and entertaining. This home is ideal for first time buyers or investors, offering great bones and just needing a little TLC to truly shine. Outside enjoy a storage building for added convenience and extra space.

Key facts

• Large family room
• Storage building
• 4 sided brick home

Tags

• 4 SIDED BRICK HOME
• ORIGINAL HARDWOOD FLOORS
• LARGE FAMILY ROOM
• STORAGE BUILDING
• TWO STORM SHELTERS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $621 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 6.1% 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.
• 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: Fultondale Elementary School (math 6% / reading 30%, grade F, #481 of 627 statewide, top 77%, 982 students, 49% FRL); Bragg Middle School (math 6% / reading 51%, grade F, #138 of 257 statewide, top 54%, 746 students, 53% FRL); Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 50 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 83% 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).
• At $2,099/mo this rent would consume 88% of the median local household income ($29k/yr) (locally 18% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k 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 $42k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 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 1969 — 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: 1.40% ✓
• Cap rate: 11.26%
• Cash-on-cash: 17.75%
• DSCR: 1.79
• GRM: 6.0

CMA / ARV

• ARV (median comp): $222,995
• List price: $150,000
• Delta: -32.73%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2130 Leola Cir	0.12mi	3/2.5	1,991 (+5%)	1mo	$183,000	$92	79
4836 Smithfield Dr N	0.05mi	3/2.0	1,908 (+0%)	17mo	$123,000	$64	79
4826 Leola Ln	0.12mi	4/2.0 (+1)	1,869 (-2%)	8mo	$242,000	$129	76
2012 Leola Ave	0.16mi	3/2.0	1,888 (-1%)	18mo	$174,300	$92	73
2233 Smithfield Ln N	0.13mi	4/2.0 (+1)	1,850 (-3%)	19mo	$162,000	$88	64
4728 N Smithfield Dr	0.29mi	3/2.0	1,690 (-11%)	6mo	$235,000	$139	59
2343 Belmore Ln	0.46mi	4/2.0 (+1)	1,798 (-6%)	20mo	$247,000	$137	44

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: 37.5%
• Equity multiple: 3.89×
• Total profit: $121,296
• Equity at exit: $135,132

10-year hold

• IRR: 32.3%
• Equity multiple: 8.77×
• Total profit: $326,141
• Equity at exit: $291,417

Cash invested: $42,000 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 4 under contract
• Months of supply: 1.5 mo (67%/mo absorbed)
• Median asking: $279,000 ($165/sqft)
• Median days on market: 86 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -28.9% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35207

• Home prices YoY: 18.7%
• Active inventory: 50
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,099 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$441
• Net cashflow: $621

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 65%

Sensitivity live

Price	-10% $725	-5% $673	+0% $621	+5% $569	+10% $518
Rent	-10% $455	-5% $538	+0% $621	+5% $704	+10% $787
Rate	-1.0pp $697	-0.5pp $659	base $621	+0.5pp $582	+1.0pp $543

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: $37,500
• Closing costs: $4,500
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2931 Summit Dr Fultondale, AL	3.0	2.0	1327	$1,900	$1.43	51d	1	1.02mi
2938 Summit Dr Fultondale, AL	4.0	2.0	1956	$2,200	$1.12	51d	1	1.04mi
3143 Enclave Ln Fultondale, AL	3.0	2.0	1424	$1,950	$1.37	68d	1	1.25mi
560 Summit Cir Fultondale, AL	3.0	2.0	1371	$2,000	$1.46	17d	1	1.25mi
465 W Park Dr Fultondale, AL	4.0	2.5	2159	$2,146	$0.99	65d	1	1.44mi
326 Chapel Hill Trl Fultondale, AL	3.0	2.5	2276	$2,381	$1.05	30d	1	1.49mi

Property features AI

Finance

• Other: Annual fire feeQuarterly garbage fee
• Financial info: Has down payment assistance
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Public waterConnected sewerElectric water heaterInternet service available
• Home design: 4-side brick constructionBasement foundationTri-level layout not indicated (main/upper/basement levels present)Existing (previously built)
• Construction: 4-side brick exteriorBasement foundation
• Exterior features: Open deckPorchStorage buildingPublic storm shelter

Interior

• Kitchen: Laminate countertopsRefrigeratorGas stove
• Bedrooms: Bedrooms on upper levelMaster bedroom on upper levelDen/Family room in basement
• Flooring: Hardwood floorsTile floors
• Bathrooms: One full bathOne half bathTub/shower combo
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Smooth ceilingsHandyman specialMultiple staircasesFinished daylight basement
• Laundry & utility: Laundry room in basementWasher hookupElectric dryer hookup

Listing history 50 events

1. 2026-08-08
   days on market $150,000 Active 123 DOM
2. 2026-08-07
   days on market $150,000 Active 122 DOM
3. 2026-08-06
   days on market $150,000 Active 121 DOM
4. 2026-08-05
   days on market $150,000 Active 120 DOM
5. 2026-08-04
   days on market $150,000 Active 119 DOM
6. 2026-08-03
   days on market $150,000 Active 118 DOM
7. 2026-07-31
   days on market $150,000 Active 115 DOM
8. 2026-07-30
   days on market $150,000 Active 113 DOM
9. 2026-07-28
   days on market $150,000 Active 112 DOM
10. 2026-07-26
    days on market $150,000 Active 110 DOM
11. 2026-07-24
    days on market $150,000 Active 108 DOM
12. 2026-07-23
    days on market $150,000 Active 107 DOM
13. 2026-07-22
    days on market $150,000 Active 106 DOM
14. 2026-07-21
    days on market $150,000 Active 105 DOM
15. 2026-07-20
    days on market $150,000 Active 104 DOM
16. 2026-07-19
    days on market $150,000 Active 102 DOM
17. 2026-07-18
    days on market $150,000 Active 101 DOM
18. 2026-07-16
    days on market $150,000 Active 100 DOM
19. 2026-07-15
    days on market $150,000 Active 99 DOM
20. 2026-07-14
    days on market $150,000 Active 98 DOM
21. 2026-07-13
    days on market $150,000 Active 97 DOM
22. 2026-07-13
    days on market $150,000 Active 96 DOM
23. 2026-07-11
    days on market $150,000 Active 95 DOM
24. 2026-07-10
    days on market $150,000 Active 94 DOM
25. 2026-07-09
    days on market $150,000 Active 93 DOM
26. 2026-07-07
    days on market $150,000 Active 91 DOM
27. 2026-07-06
    days on market $150,000 Active 90 DOM
28. 2026-07-05
    days on market $150,000 Active 89 DOM
29. 2026-07-03
    days on market $150,000 Active 87 DOM
30. 2026-07-02
    days on market $150,000 Active 86 DOM
31. 2026-07-01
    days on market $150,000 Active 85 DOM
32. 2026-06-30
    days on market $150,000 Active 84 DOM
33. 2026-06-29
    days on market $150,000 Active 83 DOM
34. 2026-06-28
    days on market $150,000 Active 82 DOM
35. 2026-06-27
    days on market $150,000 Active 81 DOM
36. 2026-06-27
    days on market $150,000 Active 80 DOM
37. 2026-06-25
    days on market $150,000 Active 78 DOM
38. 2026-06-22
    days on market $150,000 Active 76 DOM
39. 2026-06-22
    days on market $150,000 Active 75 DOM
40. 2026-06-18
    days on market $150,000 Active 72 DOM
41. 2026-06-17
    days on market $150,000 Active 71 DOM
42. 2026-06-16
    days on market $150,000 Active 70 DOM
43. 2026-06-15
    days on market $150,000 Active 69 DOM
44. 2026-06-13
    days on market $150,000 Active 67 DOM
45. 2026-06-10
    days on market $150,000 Active 64 DOM
46. 2026-06-09
    days on market $150,000 Active 63 DOM
47. 2026-06-08
    days on market $150,000 Active 62 DOM
48. 2026-06-07
    days on market $150,000 Active 61 DOM
49. 2026-06-03
    days on market $150,000 Active 57 DOM
50. 2026-06-02
    days on market $150,000 Active 56 DOM

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,183
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$2,015
• − Management: −$2,015
• − Depreciation: −$4,364
• Taxable income: $5,388
• Est. tax owed @ 24.0%: −$1,293
• After-tax cash flow: $6,162/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.

Condition & rehab AI · 9 photos

Good 80/100 Cosmetic rehab Est. rehab $9,510–$28,530 screening

This 3-bedroom, 1.5-bathroom home in N. Smithfield Manor is in good condition with original hardwood floors and neutral paint. It's ready for a fresh coat of paint and some landscaping to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Landscaping — Improves curb appeal and value ↑
• Both Paint interior walls — Freshens the look and value ↑
• Both Replace flooring — Modernizes and increases value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Fultondale Elementary School F AL #481/627 Nat'l #34,815/41,679 Middle Bragg Middle School F AL #138/257 Nat'l #9,410/14,009 High Gardendale High School F AL #118/305 Nat'l #12,478/17,239

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

C Composite livability gradescore 67/100

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

• County: Jefferson · 669,185 people
• City population: 210,422
• Metro: Birmingham, AL
• Population (ZIP): 6,824
• Household income: $28,672
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 18% of renters

---

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 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: ▲ 35.95%
• Current HPI: 228.5664
• 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

Property features AI

Finance

• Other: Annual fire feeQuarterly garbage fee
• Financial info: Has down payment assistance
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Public waterConnected sewerElectric water heaterInternet service available
• Home design: 4-side brick constructionBasement foundationTri-level layout not indicated (main/upper/basement levels present)Existing (previously built)
• Construction: 4-side brick exteriorBasement foundation
• Exterior features: Open deckPorchStorage buildingPublic storm shelter

Interior

• Kitchen: Laminate countertopsRefrigeratorGas stove
• Bedrooms: Bedrooms on upper levelMaster bedroom on upper levelDen/Family room in basement
• Flooring: Hardwood floorsTile floors
• Bathrooms: One full bathOne half bathTub/shower combo
• Heating & cooling: Central heatingCentral air conditioning
• Interior features: Smooth ceilingsHandyman specialMultiple staircasesFinished daylight basement
• Laundry & utility: Laundry room in basementWasher hookupElectric dryer hookup

Price history

1 event — show timeline

• 2026-04-08 Listed $150,000 Greater Alabama MLS