4401 Avenue I N · Birmingham, AL 35208

$54,900

3 bd · 1.0 ba · 1,002 sqft · SingleFamily public records · 109 Days on market

Built 1948 0.34 ac lot $55/sqft · 29% below area Est $78k · 29% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

Key facts

• Natural light
• Spacious lot
• Single-level layout

Tags

• SINGLE-LEVEL LAYOUT
• SPACIOUS LOT
• NATURAL LIGHT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $448 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 16.1% 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: Rents rising fast (+7.2%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 ($39k/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 $380 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 + 7.2% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $30k (35%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $49,959 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — 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: 2.01% ✓
• Cap rate: 16.08%
• Cash-on-cash: 34.94%
• DSCR: 2.55
• GRM: 4.2

CMA / ARV

• ARV (median comp): $77,526
• List price: $54,900
• Delta: -29.19%
• 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
940 47th Street Ensley	0.20mi	3/1.0	1,100 (+10%)	0mo	$49,000	$45	74
940 47th St	0.20mi	3/1.0	916 (-9%)	5mo	$49,000	$53	72
1031 40th St	0.27mi	3/1.0	1,130 (+13%)	1mo	$76,000	$67	65
1309 41st St	0.46mi	3/1.0	1,070 (+7%)	5mo	$106,000	$99	62
4116 Debardeleben Ave	0.44mi	2/1.0 (-1)	951 (-5%)	5mo	$27,000	$28	62
721 51st St	0.48mi	2/1.0 (-1)	962 (-4%)	7mo	$67,000	$70	60
5512 Terrace J	0.70mi	3/1.0	972 (-3%)	3mo	$22,000	$23	60
4944 Court G	0.48mi	2/1.0 (-1)	869 (-13%)	1mo	$21,000	$24	49
5219 Court G	0.53mi	3/1.0	1,140 (+14%)	4mo	$47,000	$41	49
314 43rd St	0.70mi	2/1.0 (-1)	1,068 (+7%)	5mo	$53,500	$50	47
4901 Avenue	0.68mi	3/2.0	1,068 (+7%)	8mo	$95,000	$89	47
3212 Avenue G	0.75mi	2/1.0 (-1)	902 (-10%)	6mo	$48,000	$53	38

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 35.5%
• Equity multiple: 2.60×
• Total profit: $24,556
• Equity at exit: $8,186

10-year hold

• IRR: 44.5%
• Equity multiple: 6.22×
• Total profit: $80,217
• Equity at exit: $4,747

Cash invested: $15,372 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,102 high
• Mortgage (P&I): −$288
• Tax from tax record: −$112 /mo · $1,343/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $448

Break-even live

Break-even rent $535

Max offer price $54,900

Occupancy floor 54%

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: $13,725
• Closing costs: $1,647
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	3d	1	0.10mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	43d	1	0.14mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	10d	1	0.17mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	0.18mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	43d	1	0.23mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	43d	1	0.32mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	0.33mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	43d	1	0.38mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	43d	1	0.39mi
518 Oak Pl Fairfield, AL	3.0	1.0	1236	$875	$0.71	19d	1	0.40mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	43d	1	0.40mi
513 Oak Pl Fairfield, AL	4.0	2.0	1440	$1,300	$0.90	23d	1	0.42mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	3d	1	0.49mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	43d	1	0.50mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	43d	1	0.52mi
5300 Avenue I Birmingham, AL	4.0	2.0	1360	$1,500	$1.10	1d	1	0.54mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	23d	1	0.54mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	3d	1	0.57mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	43d	1	0.57mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.58mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	43d	1	0.62mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.62mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	11d	1	0.63mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	43d	1	0.64mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	15d	1	0.64mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	43d	1	0.65mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	2d	1	0.66mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.67mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	43d	1	0.68mi
1301 32nd Street Ensley Birmingham, AL	3.0	1.0	1200	$975	$0.81	43d	1	0.68mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	43d	1	0.69mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.69mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	43d	1	0.69mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	43d	1	0.72mi
3100 Avenue J Birmingham, AL	3.0	1.0	1409	$1,000	$0.71	10d	1	0.73mi
3212 Avenue G Unit G Ensley, AL	2.0	1.0	902	$850	$0.94	43d	1	0.74mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	43d	1	0.75mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	43d	1	0.78mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	43d	1	0.78mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	23d	1	0.78mi

Listing history 24 events

1. 2026-05-20
   price $54,900 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

2. 2026-05-07
   price $59,900 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

3. 2026-04-16
   price $69,900 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

4. 2026-04-06
   price $79,900 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

5. 2026-02-22
   status Active 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

6. 2026-02-10
   status Pending 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

7. 2026-01-20
   listed $84,900 Active 312-char remark

   Show marketing remark (312 chars)

   Welcome to this 3-bedroom, 1.5-bath home located in an established Birmingham neighborhood. The home offers a functional single-level layout with comfortable living spaces and natural light throughout. The property sits on a spacious lot, providing room for outdoor activities, gardening, or future improvements.

8. 2025-11-17
   price $89,900
9. 2025-10-15
   price $96,650
10. 2025-10-05
    price $101,650
11. 2025-09-26
    price $105,900
12. 2025-08-29
    price $110,400
13. 2023-12-07
    soldstatus $7,899,000
14. 2022-03-01
    soldstatus $110,060
15. 2022-02-13
    price $900
16. 2021-06-25
    soldstatus $80,000
17. 2021-06-20
    soldstatus $80,000 Sold
18. 2021-05-03
    historical Contingent
19. 2021-04-28
    listed $85,000 Active
20. 2021-03-23
    soldstatus $82,550
21. 2021-01-26
    soldstatus $82,550
22. 2020-12-07
    soldstatus $82,550
23. 1988-07-07
    soldstatus $33,400
24. 1978-10-01
    soldstatus $25,000

ⓘ 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: $1,343 · $112/mo
• Projected year-2 tax: $1,343 · $112/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 ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,220
• − Mortgage interest: −$3,075
• − Property taxes: −$1,343
• − Insurance: −$274
• − Repairs & maintenance: −$1,058
• − Management: −$1,058
• − Depreciation: −$1,597
• Taxable income: $4,815
• Est. tax owed @ 24.0%: −$1,156
• After-tax cash flow: $4,216/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+119.6% since first listed

24 events — show timeline

• 2026-05-20 Price Changed $54,900 Greater Alabama MLS
• 2026-05-07 Price Changed $59,900 Greater Alabama MLS
• 2026-04-16 Price Changed $69,900 Greater Alabama MLS
• 2026-04-06 Price Changed $79,900 Greater Alabama MLS
• 2026-02-22 Relisted — Greater Alabama MLS
• 2026-02-10 Pending — Greater Alabama MLS
• 2026-01-20 Listed $84,900 Greater Alabama MLS
• 2025-11-17 Price Changed $89,900 Greater Alabama MLS
• 2025-10-15 Price Changed $96,650 Greater Alabama MLS
• 2025-10-05 Price Changed $101,650 Greater Alabama MLS
• 2025-09-26 Price Changed $105,900 Greater Alabama MLS
• 2025-08-29 Price Changed $110,400 Greater Alabama MLS
• 2023-12-07 Sold (Public Records) $7,899,000 Public Records
• 2022-03-01 Sold (Public Records) $110,060 Public Records
• 2022-02-13 Price Changed $900 RENT.
• 2021-06-25 Sold (Public Records) $80,000 Public Records
• 2021-06-20 Sold (MLS) $80,000 Greater Alabama MLS
• 2021-05-03 Contingent — Greater Alabama MLS
• 2021-04-28 Listed $85,000 Greater Alabama MLS
• 2021-03-23 Sold (Public Records) $82,550 Public Records
• 2021-01-26 Sold (Public Records) $82,550 Public Records
• 2020-12-07 Sold (Public Records) $82,550 Public Records
• 1988-07-07 Sold (Public Records) $33,400 Public Records
• 1978-10-01 Sold (Public Records) $25,000 Public Records

Property tax history

+12.8%/yr

Latest (2025): $1,343 · +0.0% YoY. Source: county tax records.