4852 Smithfield Dr N · Birmingham, AL 35207

$150,000

3 bd · 1.0 ba · 1,902 sqft · SingleFamily public records · 72 Days on market

Built 1969 0.30 ac lot $79/sqft · 32% below area Est $221k · 32% under

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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 +8.8/10.0
• 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

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. Located in a welcoming neighborhood, residents have access to a community park, two storm shelters, and even a neighborhood fire department-adding both charm and a peace of mind. Don't miss this opportunity to turn this house into you perfect home! Property is being sold AS IS.

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.

Deal economics

• At list price, monthly cash flow is $593 ($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: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.0% 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: 42 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

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 72 days — a 6% lower offer ($141k) 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 $141,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.38% ✓
• Cap rate: 11.04%
• Cash-on-cash: 16.94%
• DSCR: 1.75
• GRM: 6.1

CMA / ARV

• ARV (median comp): $221,426
• List price: $150,000
• Delta: -32.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4836 Smithfield Dr N	0.05mi	3/2.0	1,908 (+0%)	16mo	$123,000	$64	80
4826 Leola Ln	0.12mi	4/2.0 (+1)	1,869 (-2%)	7mo	$242,000	$129	77
2012 Leola Ave	0.16mi	3/2.0	1,888 (-1%)	16mo	$174,300	$92	74
2233 Smithfield Ln N	0.13mi	4/2.0 (+1)	1,850 (-3%)	18mo	$162,000	$88	66
4728 N Smithfield Dr	0.29mi	3/2.0	1,690 (-11%)	4mo	$235,000	$139	61
2343 Belmore Ln	0.46mi	4/2.0 (+1)	1,798 (-6%)	18mo	$247,000	$137	45

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: 36.8%
• Equity multiple: 3.85×
• Total profit: $119,495
• Equity at exit: $135,132

10-year hold

• IRR: 31.7%
• Equity multiple: 8.67×
• Total profit: $322,254
• 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 →

ZIP-level market 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,063 medium
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $593

Break-even live

Break-even rent $1,312

Max offer price $150,000

Occupancy floor 66%

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
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2931 Summit Dr Fultondale, AL	3.0	2.0	1327	$1,900	$1.43	2d	1	1.02mi
2938 Summit Dr Fultondale, AL	4.0	2.0	1956	$2,200	$1.12	1d	1	1.04mi
3143 Enclave Ln Fultondale, AL	3.0	2.0	1424	$1,950	$1.37	19d	1	1.25mi
465 W Park Dr Fultondale, AL	4.0	2.5	2159	$2,146	$0.99	16d	1	1.44mi

Listing history 14 events

1. 2026-06-18
   days on market $150,000 Active 72 DOM
2. 2026-06-17
   days on market $150,000 Active 71 DOM
3. 2026-06-16
   days on market $150,000 Active 70 DOM
4. 2026-06-15
   days on market $150,000 Active 69 DOM
5. 2026-06-13
   days on market $150,000 Active 67 DOM
6. 2026-06-10
   days on market $150,000 Active 64 DOM
7. 2026-06-09
   days on market $150,000 Active 63 DOM
8. 2026-06-08
   days on market $150,000 Active 62 DOM
9. 2026-06-07
   days on market $150,000 Active 61 DOM
10. 2026-06-03
    days on market $150,000 Active 57 DOM
11. 2026-06-02
    days on market $150,000 Active 56 DOM
12. 2026-06-01
    days on market $150,000 Active 55 DOM
13. 2026-05-31
    days on market $150,000 Active 54 DOM
14. 2026-04-08
    listed $150,000 Active 956-char remark

    Show marketing remark (956 chars)

    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. Located in a welcoming neighborhood, residents have access to a community park, two storm shelters, and even a neighborhood fire department-adding both charm and a peace of mind. Don't miss this opportunity to turn this house into you perfect home! Property is being sold AS IS.

ⓘ 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 4/10 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: $24,754
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,980
• − Management: −$1,980
• − Depreciation: −$4,364
• Taxable income: $5,027
• Est. tax owed @ 24.0%: −$1,207
• After-tax cash flow: $5,910/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): 6,824

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

Price history

1 event — show timeline

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