611 S 48th St S · Birmingham, AL 35022

$180,000

2 bd · 2.0 ba · 1,088 sqft · SingleFamily public records · 111 Days on market

Built 1996 5,227 sqft lot $165/sqft · 36% below area Est $282k · 36% under

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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 +15.1/30.0
• ARV discount +15.0/15.0
• Rent growth +5.0/5.0
• DSCR +4.6/10.0
• 1% rule +3.5/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Its all about the Lokation!!!! This charming home is close to everything Birmingham has to offer! In a quite neighborhood! Truly the best of both worlds to enjoy the city life then go home to peacefulness.

Key facts

• 5,227 sq ft lot
• Built 1996
• Listed 111 days

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $58 ($702/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $153k (14.8% below list).
• Recommended offer: $153k (14.8% below list) — sets the bar for 1% rule.

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: Rents rising fast (+14.8%/yr); 311 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• It's been on market 111 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $100k; list at $180k implies a 80% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $153,386 (14.8% below list)

Questions for the listing agent

1. It's been on market 111 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 0.85% ✗
• Cap rate: 6.68%
• Cash-on-cash: 1.39%
• DSCR: 1.06
• GRM: 9.8

CMA / ARV

• ARV (median comp): $281,947
• List price: $180,000
• Delta: -36.16%
• 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
539 47th St S	0.26mi	2/2.0	1,136 (+4%)	1mo	$345,000	$304	80
4910 3rd Ave S	0.19mi	3/1.0 (+1)	1,088 (0%)	3mo	$219,900	$202	80
4453 7th Ave S	0.49mi	2/2.0	1,033 (-5%)	2mo	$349,900	$339	67
4400 6th Ave S	0.59mi	2/2.0	1,115 (+2%)	2mo	$369,900	$332	67
4405 5th Ave S	0.52mi	2/1.0	1,126 (+4%)	2mo	$250,000	$222	64
5112 8th Ter S	0.32mi	2/1.0	926 (-15%)	3mo	$280,000	$302	54
4713 9th Ave S	0.57mi	3/1.5 (+1)	1,008 (-7%)	2mo	$239,900	$238	52
942 S 53rd St	0.36mi	3/1.0 (+1)	1,225 (+13%)	2mo	$315,000	$257	52
5327 7th Ave S	0.59mi	3/1.0 (+1)	1,159 (+6%)	3mo	$296,900	$256	50
605 55th Pl S	0.73mi	3/2.0 (+1)	1,214 (+12%)	4mo	$290,000	$239	38
5405 6th Ct S	0.62mi	3/1.0 (+1)	1,238 (+14%)	4mo	$328,750	$266	36
208 52nd Pl N	0.71mi	2/1.0	926 (-15%)	3mo	$62,500	$67	36

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -9.0%
• Equity multiple: 0.66×
• Total profit: $-17,368
• Equity at exit: $26,839

10-year hold

• IRR: 5.8%
• Equity multiple: 1.52×
• Total profit: $26,435
• Equity at exit: $15,563

Cash invested: $50,400 (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 35022

• Home prices YoY: -20.2%
• Rents YoY: 14.8%
• Active inventory: 311
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,534 high
• Mortgage (P&I): −$944
• Tax from tax record: −$134 /mo · $1,612/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$322
• Net cashflow: $58

Break-even live

Break-even rent $1,460

Max offer price $180,000

Occupancy floor 91%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
712 47th Way S Birmingham, AL	2.0	1.0	1042	$1,725	$1.66	19d	1	0.16mi
724 47th Way S Unit 1019289P Birmingham, AL	2.0	1.0	1044	$8,438	$8.08	43d	1	0.19mi
620 52nd St S Birmingham, AL	3.0	2.0	1346	$2,750	$2.04	23d	1	0.38mi
936 54th St S Birmingham, AL	3.0	1.5	1317	$1,950	$1.48	2d	1	0.45mi
4345 2nd Ave S Birmingham, AL	3.0	2.0	988	$1,800	$1.82	23d	1	0.59mi
1410 46th St S Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.61mi
4243 4th Ave S Birmingham, AL	2.0	1.0	805	$1,150	$1.43	43d	1	0.74mi
233 52nd St N Birmingham, AL	2.0	1.0	1430	$1,200	$0.84	43d	1	0.74mi
4237 5th Ave S Unit 4241-H Birmingham, AL	2.0	1.0	725	$1,115	$1.54	43d	1	0.75mi
4237 5th Ave S Unit 4241-F Birmingham, AL	2.0	1.0	725	$1,098	$1.51	43d	1	0.75mi
4237 5th Ave S Unit 4237-E Birmingham, AL	2.0	1.0	725	$1,135	$1.57	2d	1	0.75mi
236 48th St N Birmingham, AL	3.0	2.0	1318	$1,750	$1.33	2d	1	0.75mi
821 50th St N Birmingham, AL	3.0	1.5	1416	$1,523	$1.08	1d	1	0.75mi
4233 3rd Ave S Birmingham, AL	2.0	1.0	750	$1,150	$1.53	43d	1	0.79mi
737 47th St N Unit B Birmingham, AL	2.0	1.0	706	$750	$1.06	23d	1	0.84mi
941 47th Pl N Birmingham, AL	3.0	1.0	879	$950	$1.08	23d	1	0.98mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	43d	1	1.01mi
934 47th St N Birmingham, AL	3.0	1.0	972	$1,000	$1.03	23d	1	1.03mi
5102 Station Dr Unit 2422 Birmingham, AL	2.0	2.0	1051	$2,850	$2.71	1d	1	1.04mi
5102 Station Dr Unit 2122 Birmingham, AL	2.0	2.0	1051	$2,575	$2.45	1d	1	1.04mi
5102 Station Dr Birmingham, AL	1.0–2.0	1.0–2.0	876	$3,150	$3.60	1d	10	1.05mi
4108 7th Ave N Birmingham, AL	3.0	1.0	1100	$1,350	$1.23	23d	1	1.11mi
3833 6th Ave S Birmingham, AL	2.0	1.0	725	$1,100	$1.52	43d	1	1.13mi
3827 6th Ave S Birmingham, AL	2.0	1.0	725	$1,100	$1.52	43d	1	1.16mi
4019 Glenwood Ave #1 Birmingham, AL	2.0	2.0	868	$1,635	$1.88	15d	1	1.16mi
573 61st St S Birmingham, AL	2.0	1.0	800	$850	$1.06	43d	1	1.17mi
813 42nd Pl N Birmingham, AL	3.0	2.0	1424	$1,285	$0.90	43d	1	1.17mi
809 39th Pl S Unit 4 Birmingham, AL	1.0	1.0	927	$1,099	$1.19	14d	1	1.22mi
6107 Crest Green Rd Birmingham, AL	2.0	1.5	1273	$995	$0.78	43d	1	1.22mi
1101 47th St N Birmingham, AL	3.0	2.0	1296	$1,200	$0.93	23d	1	1.23mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	3d	1	1.23mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	3d	1	1.24mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	43d	1	1.27mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	23d	1	1.27mi
901 38th St S Apt 2 Birmingham, AL	2.0	2.0	990	$1,930	$1.95	3d	1	1.31mi
3630 Clairmont Ave Unit 3632-2 Birmingham, AL	1.0	1.0	750	$945	$1.26	23d	1	1.37mi
1117 42nd Pl N Birmingham, AL	3.0	1.0	1026	$900	$0.88	43d	1	1.37mi
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	43d	1	1.40mi
6241 Crest Green Rd Birmingham, AL	3.0	2.0	1380	$1,210	$0.88	23d	1	1.40mi
1601 48th St N Birmingham, AL	3.0	1.0	1313	$1,200	$0.91	23d	1	1.40mi

Listing history 17 events

1. 2026-06-18
   days on market $180,000 Active 111 DOM
2. 2026-06-17
   days on market $180,000 Active 110 DOM
3. 2026-06-16
   days on market $180,000 Active 109 DOM
4. 2026-06-15
   days on market $180,000 Active 108 DOM
5. 2026-06-13
   days on market $180,000 Active 106 DOM
6. 2026-06-10
   days on market $180,000 Active 103 DOM
7. 2026-06-09
   days on market $180,000 Active 102 DOM
8. 2026-06-08
   days on market $180,000 Active 101 DOM
9. 2026-06-07
   days on market $180,000 Active 100 DOM
10. 2026-06-03
    days on market $180,000 Active 96 DOM
11. 2026-06-02
    days on market $180,000 Active 95 DOM
12. 2026-06-01
    days on market $180,000 Active 94 DOM
13. 2026-05-31
    days on market $180,000 Active 93 DOM
14. 2026-04-15
    price $180,000 205-char remark

    Show marketing remark (205 chars)

    Its all about the Lokation!!!! This charming home is close to everything Birmingham has to offer! In a quite neighborhood! Truly the best of both worlds to enjoy the city life then go home to peacefulness.

15. 2026-03-10
    price $190,000 205-char remark

    Show marketing remark (205 chars)

    Its all about the Lokation!!!! This charming home is close to everything Birmingham has to offer! In a quite neighborhood! Truly the best of both worlds to enjoy the city life then go home to peacefulness.

16. 2026-02-27
    listed $220,000 Active 205-char remark

    Show marketing remark (205 chars)

    Its all about the Lokation!!!! This charming home is close to everything Birmingham has to offer! In a quite neighborhood! Truly the best of both worlds to enjoy the city life then go home to peacefulness.

17. 2010-06-30
    soldstatus $99,900

ⓘ 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: $1,612 · $134/mo
• Projected year-2 tax: $1,612 · $134/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 6/10 Major 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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,406
• − Mortgage interest: −$10,083
• − Property taxes: −$1,612
• − Insurance: −$900
• − Repairs & maintenance: −$1,473
• − Management: −$1,473
• − Depreciation: −$5,236
• Taxable loss: −$2,370
• Est. tax savings @ 24.0%: +$569
• After-tax cash flow: $1,271/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): 23,126
• Household income: $81,846
• Rent vs Own: 22.7% rent · 77.3% own
• Severe rent burden: 554.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 53% White 41% Hispanic / Latino 3% Two or more races 2% Asian 1%
• Common ancestry: Italian 1% Slovak 1% Iranian 1%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Spanish 3% Chinese 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: ▼ -55.40%
• Current HPI: 219.3839
• Rent YoY: ▲ 14.80%
• 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

+80.2% since first listed

4 events — show timeline

• 2026-04-15 Price Changed $180,000 Greater Alabama MLS
• 2026-03-10 Price Changed $190,000 Greater Alabama MLS
• 2026-02-27 Listed $220,000 Greater Alabama MLS
• 2010-06-30 Sold (Public Records) $99,900 Public Records

Property tax history

+8.5%/yr

Latest (2025): $1,612 · +0.0% YoY. Source: county tax records.