108 S 72nd St · Birmingham, AL 35206

$35,000

3 bd · 2.0 ba · 1,600 sqft · SingleFamily · 2 Days on market

Built 1933 Poor condition 4,791 sqft lot

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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 +3.0/5.0
• Condition / age +1.0/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

INVESTOR’S DREAM IN EAST LAKE. SOLD AS-IS! Highest and best by Friday at 5pm.

Key facts

• 4,791 sq ft lot
• Built 1933
• Listed 2 days

Property features AI

Finance

• Other: Subdivision: East Lake

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet service availability unknown
• Home design: Existing construction; Vinyl siding; Slab foundation; Approximately 1,600 total living area; One-story (main level living areas listed)
• Construction: Vinyl siding construction; Slab foundation
• Exterior features: No pool, patio, deck, or garden/patio; Not waterfront; Flood plain: no; Lot view: none

Interior

• Kitchen: Gas oven
• Bedrooms: Three bedrooms on main level
• Flooring: Hardwood
• Bathrooms: Two full bathrooms with tub/shower combo
• Heating & cooling: Electric heating; Central cooling
• Interior features: Hardwood floors; Brick wood-burning fireplace in the living room; Solid surface kitchen countertops; Ceilings: other (see remarks)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $35k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $703 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Cap rate 30.4% 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-, crime F, employment 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.
• Zoned schools: Barrett Elementary School (math 2% / reading 8%, grade F, #618 of 627 statewide, top 100%, 405 students, 88% FRL); Woodlawn High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 738 students, 91% FRL).
• Market conditions: Rents rising (+1.8%/yr); 128 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 34% of the median local income ($43k/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 $242 of loan paydown is wiped out by about $1k 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 + 1.8% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $35,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 3.42% ✓
• Cap rate: 30.40%
• Cash-on-cash: 86.11%
• DSCR: 4.83
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $163,200
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
114/112 72nd St S	0.01mi	3/2.0	1,640 (+2%)	6mo	$167,500	$102	90
7305 Division Ave	0.16mi	3/2.0	1,561 (-2%)	3mo	$177,900	$114	86
214 74th St N	0.37mi	3/3.0	1,648 (+3%)	5mo	$179,900	$109	70
7321 1st Ave S	0.16mi	2/2.0 (-1)	1,442 (-10%)	10mo	$210,000	$146	63
7604 Oporto Madrid Blvd S	0.62mi	3/2.0	1,676 (+5%)	2mo	$63,000	$38	62
7028 1st Ave, Ave S	0.11mi	3/1.0	1,384 (-14%)	9mo	$62,000	$45	61
229 73rd St N	0.38mi	3/1.0	1,448 (-10%)	3mo	$157,000	$108	60
7212 Oporto Madrid Blvd	0.69mi	3/1.0	1,604 (+0%)	4mo	$160,000	$100	60
6724 Exeter Ave	0.58mi	3/1.0	1,635 (+2%)	8mo	$110,000	$67	59
6809 Crystal Hill Way	0.54mi	4/2.5 (+1)	1,701 (+6%)	4mo	$215,000	$126	54
644 73rd St S	0.50mi	3/2.0	1,806 (+13%)	3mo	$100,833	$56	52
7810 3rd Ave S	0.74mi	3/3.0	1,372 (-14%)	8mo	$22,500	$16	31

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 · 1.82% rent growth · sell at horizon

5-year hold

• IRR: 85.3%
• Equity multiple: 4.85×
• Total profit: $37,734
• Equity at exit: $5,219

10-year hold

• IRR: 88.2%
• Equity multiple: 9.67×
• Total profit: $84,981
• Equity at exit: $3,026

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 35206

• Home prices YoY: -32.0%
• Rents YoY: 1.8%
• Active inventory: 128
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,196 high
• Mortgage (P&I): −$184
• Tax est. 1.5%: −$44 /mo · $525/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $703

Break-even live

Break-even rent $306

Max offer price $35,000

Occupancy floor 36%

Sensitivity live

Price	-10% $727	-5% $715	+0% $703	+5% $691	+10% $679
Rent	-10% $609	-5% $656	+0% $703	+5% $751	+10% $798
Rate	-1.0pp $721	-0.5pp $712	base $703	+0.5pp $694	+1.0pp $685

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: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	4d	1	0.14mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	44d	1	0.15mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	2d	1	0.21mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	44d	1	0.25mi
7420 3rd Ave S Birmingham, AL	4.0	2.0	1705	$1,450	$0.85	2d	1	0.29mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	24d	1	0.33mi
7125 6th Ave S Birmingham, AL	3.0	2.0	1584	$1,188	$0.75	4d	1	0.37mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	17d	1	0.47mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	44d	1	0.51mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	3d	1	0.71mi
7801 3rd Ave S Unit B Birmingham, AL	2.0	1.5	1100	$1,000	$0.91	44d	1	0.73mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	2d	1	0.79mi
7112 Naples Ave Birmingham, AL	4.0	2.0	1858	$1,731	$0.93	44d	1	0.81mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	2d	1	0.89mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	44d	1	0.91mi
7827 Rugby Ave Birmingham, AL	3.0	1.0	1365	$850	$0.62	4d	1	0.99mi
805 Vanderbilt St Birmingham, AL	4.0	2.0	1692	$1,291	$0.76	22d	1	1.00mi
7824 Rugby Ct Birmingham, AL	4.0	1.5	1650	$1,275	$0.77	44d	1	1.01mi
8020 4th Ave N Birmingham, AL	3.0	1.0	1200	$1,200	$1.00	44d	1	1.02mi
7931 7th Ave S Birmingham, AL	3.0	1.0	1320	$1,450	$1.10	44d	1	1.03mi
8035 4th Ave S Birmingham, AL	3.0	2.0	1096	$1,050	$0.96	44d	1	1.03mi
836 Vanderbilt St Birmingham, AL	3.0	1.0	1072	$850	$0.79	24d	1	1.06mi
512 81st St S Birmingham, AL	3.0	1.0	1156	$1,150	$0.99	44d	1	1.10mi
514 81st St S Birmingham, AL	4.0	2.0	1174	$1,295	$1.10	44d	1	1.10mi
8128 2nd Ave S Birmingham, AL	4.0	1.0	1390	$1,150	$0.83	24d	1	1.11mi
8108 4th Ave S Birmingham, AL	3.0	2.0	1384	$1,200	$0.87	44d	1	1.11mi
730 80th Pl S Birmingham, AL	4.0	1.0	2002	$1,350	$0.67	24d	1	1.12mi
601 Dublin Ave Birmingham, AL	4.0	1.5	1288	$1,050	$0.82	44d	1	1.15mi
8149 1st Ave S Birmingham, AL	3.0	2.0	1300	$1,200	$0.92	44d	1	1.15mi
8013 Rugby Ave Birmingham, AL	3.0	2.0	1460	$1,150	$0.79	24d	1	1.16mi
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	44d	1	1.17mi
731 81st St S Birmingham, AL	3.0	1.0	1221	$995	$0.81	11d	1	1.20mi
768 80th Pl S Unit 1 Birmingham, AL	3.0	2.0	1134	$1,200	$1.06	44d	1	1.21mi
735 81st St S Birmingham, AL	3.0	2.0	1224	$1,400	$1.14	24d	1	1.21mi
8202 4th Ave S Birmingham, AL	3.0	1.0	1178	$1,075	$0.91	44d	1	1.23mi
7801 Vienna Ave Unit 1 Birmingham, AL	4.0	1.5	1880	$1,300	$0.69	44d	1	1.25mi
775 81st Pl S Birmingham, AL	3.0	1.0	1232	$1,095	$0.89	24d	1	1.33mi
8242 Vassar Ave Birmingham, AL	4.0	1.0	1212	$1,100	$0.91	44d	1	1.35mi
8300 4th Ave N Birmingham, AL	4.0	2.0	1455	$1,300	$0.89	44d	1	1.37mi
745 82nd Pl S Birmingham, AL	3.0	2.0	1200	$1,168	$0.97	2d	1	1.39mi

Listing history 4 events

1. 2026-06-18
   days on market $35,000 Active 2 DOM
2. 2026-06-17
   remarks 77-char remark
3. 2026-06-16
   remarks 42-char remark
4. 2026-06-16
   listed $35,000 Active 1 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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,357
• − Mortgage interest: −$1,961
• − Property taxes: −$525
• − Insurance: −$175
• − Repairs & maintenance: −$1,149
• − Management: −$1,149
• − Depreciation: −$1,018
• Taxable income: $8,381
• Est. tax owed @ 24.0%: −$2,011
• After-tax cash flow: $6,428/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 · 6 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. Immediate attention to exterior siding, interior walls, ceiling, flooring, and landscaping is necessary to increase its resale and rental value.

Repairs flagged

• Major exterior siding — Peeling paint and worn condition
• Major interior walls — Peeling paint and debris
• Major ceiling — Damaged and debris
• Major flooring — Worn carpet and debris
• Major kitchen ceiling — Damaged and debris
• Major bathroom ceiling — Damaged and debris
• Major landscaping — Overgrown lawn

Value-add opportunities

• Both Painting and repainting — Enhances curb appeal and interior aesthetics
• Both Floor replacement — Improves living space and rental value
• Both Landscaping — Enhances curb appeal and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Peeling paint and worn condition	Major	$15,000–50,000
interior walls · Peeling paint and debris	Major	$15,000–50,000
ceiling · Damaged and debris	Major	$15,000–50,000
flooring · Worn carpet and debris	Major	$15,000–50,000
kitchen ceiling · Damaged and debris	Major	$15,000–50,000
bathroom ceiling · Damaged and debris	Major	$15,000–50,000
landscaping · Overgrown lawn	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Both Painting and repainting — Enhances curb appeal and interior aesthetics ↑
• Both Floor replacement — Improves living space and rental value ↑
• Both Landscaping — Enhances curb appeal and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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): 15,621
• Household income: $42,549
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 1169.0

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 (73%)
• Race & ethnicity: Black 73% White 22% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 0%

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: ▼ -68.70%
• Current HPI: 146.2168
• Rent YoY: ▲ 1.82%
• 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

1 event — show timeline

• 2026-06-16 Listed $35,000 Greater Alabama MLS