4721 2nd Ave N · Birmingham, AL 35212

$70,000

3 bd · 1.0 ba · 1,216 sqft · SingleFamily public records · 59 Days on market

Built 1933 5,662 sqft lot $58/sqft · 65% 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
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Have you heard about what's happening in Woodlawn?! So many great things! Perfect time to make a move! This home is renovated & ready for new homeowners!! All electrical components rewired & new plumbing! This may also be a great starter home and/or a great investment!! No matter the current need: don't wait to buy real estate; buy real estate & wait! Act fast!

Key facts

• Renovated
• New plumbing
• 5,662 sq ft lot

Tags

• RENOVATED
• ELECTRICAL COMPONENTS REWIRED
• NEW PLUMBING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.9% 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: 81 active listings in the ZIP; 38 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 43% of the median local income ($37k/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 $484 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $18k; list at $70k implies a 278% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1933 — expect roof / HVAC / electrical / plumbing capex.
• 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 $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 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 1933 — 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: 1.88% ✓
• Cap rate: 15.93%
• Cash-on-cash: 34.41%
• DSCR: 2.53
• GRM: 4.4

CMA / ARV

• ARV (median comp): $197,500
• List price: $70,000
• Delta: -64.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
833 49th St N	0.34mi	3/2.0	1,231 (+1%)	1mo	$200,000	$162	77
829 49th St N	0.33mi	3/2.0	1,322 (+9%)	1mo	$205,000	$155	65
832 49th St N	0.33mi	3/2.0	1,322 (+9%)	2mo	$195,000	$148	65
837 49th St N	0.35mi	3/2.0	1,322 (+9%)	2mo	$200,000	$151	63
4910 3rd Ave S	0.45mi	3/1.0	1,088 (-10%)	3mo	$219,900	$202	59
4501 6th Ave S	0.64mi	2/1.0 (-1)	1,275 (+5%)	0mo	$303,000	$238	57
4405 5th Ave S	0.65mi	2/1.0 (-1)	1,126 (-7%)	2mo	$250,000	$222	50
539 47th St S	0.65mi	2/2.0 (-1)	1,136 (-7%)	1mo	$345,000	$304	49
616 52nd St S	0.69mi	3/1.0	1,355 (+11%)	3mo	$210,000	$155	47
620 49th St S	0.61mi	2/2.0 (-1)	1,332 (+10%)	2mo	$399,000	$300	45
4400 6th Ave S	0.73mi	2/2.0 (-1)	1,115 (-8%)	2mo	$369,900	$332	42
4105 7th Ave N	0.63mi	2/2.0 (-1)	1,352 (+11%)	4mo	$73,000	$54	39

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.9%
• Equity multiple: 2.25×
• Total profit: $24,469
• Equity at exit: $10,437

10-year hold

• IRR: 37.1%
• Equity multiple: 4.44×
• Total profit: $67,469
• Equity at exit: $6,052

Cash invested: $19,600 (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 35212

• Active inventory: 81
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,319 high
• Mortgage (P&I): −$367
• Tax from tax record: −$83 /mo · $1,000/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$277
• Net cashflow: $562

Break-even live

Break-even rent $607

Max offer price $70,000

Occupancy floor 52%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
236 48th St N Birmingham, AL	3.0	2.0	1318	$1,750	$1.33	3d	1	0.18mi
737 47th St N Unit B Birmingham, AL	2.0	1.0	706	$750	$1.06	23d	1	0.23mi
821 50th St N Birmingham, AL	3.0	1.5	1416	$1,523	$1.08	1d	1	0.31mi
941 47th Pl N Birmingham, AL	3.0	1.0	879	$950	$1.08	23d	1	0.42mi
934 47th St N Birmingham, AL	3.0	1.0	972	$1,000	$1.03	23d	1	0.43mi
233 52nd St N Birmingham, AL	2.0	1.0	1430	$1,200	$0.84	43d	1	0.44mi
4345 2nd Ave S Birmingham, AL	3.0	2.0	988	$1,800	$1.82	23d	1	0.56mi
813 42nd Pl N Birmingham, AL	3.0	2.0	1424	$1,285	$0.90	43d	1	0.58mi
4108 7th Ave N Birmingham, AL	3.0	1.0	1100	$1,350	$1.23	23d	1	0.64mi
1101 47th St N Birmingham, AL	3.0	2.0	1296	$1,200	$0.93	23d	1	0.67mi
620 52nd St S Birmingham, AL	3.0	2.0	1346	$2,750	$2.04	23d	1	0.69mi
712 47th Way S Birmingham, AL	2.0	1.0	1042	$1,725	$1.66	19d	1	0.70mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	43d	1	0.71mi
724 47th Way S Unit 1019289P Birmingham, AL	2.0	1.0	1044	$8,438	$8.08	43d	1	0.73mi
1117 42nd Pl N Birmingham, AL	3.0	1.0	1026	$900	$0.88	43d	1	0.75mi
4233 3rd Ave S Birmingham, AL	2.0	1.0	750	$1,150	$1.53	43d	1	0.79mi
4243 4th Ave S Birmingham, AL	2.0	1.0	805	$1,150	$1.43	43d	1	0.80mi
4513 13th Ave N Birmingham, AL	2.0	2.0	778	$1,175	$1.51	23d	1	0.81mi
1217 43rd St N Birmingham, AL	2.0	1.0	750	$850	$1.13	43d	1	0.81mi
4237 5th Ave S Unit 4241-H Birmingham, AL	2.0	1.0	725	$1,115	$1.54	43d	1	0.86mi
4237 5th Ave S Unit 4241-F Birmingham, AL	2.0	1.0	725	$1,098	$1.51	43d	1	0.86mi
4237 5th Ave S Unit 4237-E Birmingham, AL	2.0	1.0	725	$1,135	$1.57	3d	1	0.86mi
1601 48th St N Birmingham, AL	3.0	1.0	1313	$1,200	$0.91	23d	1	0.89mi
1017 Cahaba St Birmingham, AL	2.0	2.0	1035	$1,350	$1.30	3d	1	0.95mi
936 54th St S Birmingham, AL	3.0	1.5	1317	$1,950	$1.48	3d	1	1.01mi
1410 46th St S Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	1.02mi
3920 11th Ave N Birmingham, AL	3.0	2.0	1200	$1,025	$0.85	2d	1	1.04mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	3d	1	1.08mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	43d	1	1.10mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	43d	1	1.14mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	23d	1	1.14mi
3833 6th Ave S Birmingham, AL	2.0	1.0	725	$1,100	$1.52	43d	1	1.21mi
3827 6th Ave S Birmingham, AL	2.0	1.0	725	$1,100	$1.52	43d	1	1.23mi
573 61st St S Birmingham, AL	2.0	1.0	800	$850	$1.06	43d	1	1.34mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	3d	1	1.42mi
4019 Glenwood Ave #1 Birmingham, AL	2.0	2.0	868	$1,635	$1.88	16d	1	1.45mi
901 38th St S Apt 2 Birmingham, AL	2.0	2.0	990	$1,930	$1.95	3d	1	1.50mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	1d	1	1.50mi

Listing history 11 events

1. 2026-06-07
   statusdays on market $70,000 Pending 59 DOM
2. 2026-06-03
   days on market $70,000 Active 56 DOM
3. 2026-06-02
   days on market $70,000 Active 55 DOM
4. 2026-06-01
   days on market $70,000 Active 54 DOM
5. 2026-05-31
   days on market $70,000 Active 53 DOM
6. 2026-04-08
   listed $70,000 Active 381-char remark

   Show marketing remark (381 chars)

   Have you heard about what's happening in Woodlawn?! So many great things! Perfect time to make a move! This home is renovated & ready for new homeowners!! All electrical components rewired & new plumbing! This may also be a great starter home and/or a great investment!! No matter the current need: don't wait to buy real estate; buy real estate & wait! Act fast!

7. 2024-09-11
   price $79,000
8. 2024-07-31
   price $80,000
9. 2024-07-24
   price $95,000
10. 1986-11-21
    soldstatus $18,500
11. 1976-12-01
    soldstatus $18,500

ⓘ 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: $1,000 · $83/mo
• Projected year-2 tax: $1,000 · $83/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 · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,822
• − Mortgage interest: −$3,921
• − Property taxes: −$1,000
• − Insurance: −$350
• − Repairs & maintenance: −$1,266
• − Management: −$1,266
• − Depreciation: −$2,036
• Taxable income: $5,983
• Est. tax owed @ 24.0%: −$1,436
• After-tax cash flow: $5,308/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): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -190.24%
• Current HPI: 120.1264
• Rent YoY: —
• 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

+278.4% since first listed

6 events — show timeline

• 2026-04-08 Listed $70,000 Greater Alabama MLS
• 2024-09-11 Price Changed $79,000 Greater Alabama MLS
• 2024-07-31 Price Changed $80,000 Greater Alabama MLS
• 2024-07-24 Price Changed $95,000 Greater Alabama MLS
• 1986-11-21 Sold (Public Records) $18,500 Public Records
• 1976-12-01 Sold (Public Records) $18,500 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,000 · +0.0% YoY. Source: county tax records.