653 Sheridan Rd · Birmingham, AL 35214

$110,000

3 bd · 1.0 ba · 1,096 sqft · SingleFamily public records · 98 Days on market

Built 1940 0.32 ac lot $100/sqft · at area comps Est $108k · at est.

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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 +25.7/30.0
• DSCR +8.6/10.0
• ARV discount +6.7/15.0
• 1% rule +6.5/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this beautiful 3 bedroom, 1 bath home! Featuring a fenced yard, covered front porch, 2-car detached garage and renovated with all of the extras you're looking for! Updated with modern fixtures, fresh paint are just a few things this charmer has to offer!

Key facts

• Covered front porch
• Renovated
• Fresh paint

Tags

• FENCED YARD
• COVERED FRONT PORCH
• DETACHED GARAGE
• RENOVATED
• MODERN FIXTURES
• FRESH PAINT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.2% 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 flat; 116 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k 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 98 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $92k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $100,100 (9.0% below list)

Questions for the listing agent

1. It's been on market 98 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 1940 — 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: 1.15% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.25%
• DSCR: 1.46
• GRM: 7.2

CMA / ARV

• ARV (median comp): $108,123
• List price: $110,000
• Delta: 1.74%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
629 Lanett Ave	0.04mi	3/1.0	1,092 (-0%)	9mo	$48,000	$44	90
621 Ozark Ct	0.18mi	3/1.0	1,072 (-2%)	15mo	$81,000	$76	75
436 Henry St	0.32mi	3/2.0	1,089 (-1%)	8mo	$75,000	$69	74
320 Macon St	0.12mi	3/1.0	986 (-10%)	5mo	$130,000	$132	73
541 Telford Ln	0.63mi	3/1.0	1,080 (-2%)	8mo	$98,000	$91	62
524 Shelby St	0.39mi	3/2.0	1,159 (+6%)	9mo	$114,000	$98	61
121 Fairfax Ave	0.22mi	2/1.0 (-1)	1,014 (-8%)	20mo	$10,000	$10	55
524 Piedmont Ave	0.24mi	3/1.0	1,204 (+10%)	22mo	$91,500	$76	54
17 Holt Ave	0.27mi	3/2.0	1,212 (+11%)	14mo	$144,500	$119	54
1133 Skyline Dr	0.67mi	3/2.0	1,020 (-7%)	24mo	$110,500	$108	34

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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-3,881
• Equity at exit: $16,401

10-year hold

• IRR: 3.6%
• Equity multiple: 1.23×
• Total profit: $7,162
• Equity at exit: $9,511

Cash invested: $30,800 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,268 high
• Mortgage (P&I): −$577
• Tax from tax record: −$116 /mo · $1,393/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $263

Break-even live

Break-even rent $935

Max offer price $110,000

Occupancy floor 74%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
629 Lanett Ave Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	44d	1	0.06mi
617 Ozark Ct Birmingham, AL	3.0	2.0	1242	$1,195	$0.96	3d	1	0.20mi
436 Henry St Birmingham, AL	3.0	2.0	1159	$1,090	$0.94	44d	1	0.34mi
528 Lamplighter Ln Birmingham, AL	3.0	1.0	1114	$1,220	$1.10	3d	1	0.53mi
225 Bayberry Rd Birmingham, AL	3.0	1.0	1496	$1,261	$0.84	19d	1	0.58mi
1137 Pratt Hwy Birmingham, AL	3.0	1.0	993	$1,045	$1.05	2d	1	0.62mi
1143 Oakley Dr Birmingham, AL	3.0	1.0	1066	$1,300	$1.22	44d	1	0.62mi
1147 Oakley Dr Birmingham, AL	3.0	1.0	1352	$1,250	$0.92	44d	1	0.64mi
1204 Pratt Hwy Birmingham, AL	3.0	1.0	1124	$1,125	$1.00	16d	1	0.67mi
120 Dewberry Ln Birmingham, AL	3.0	2.0	1485	$1,510	$1.02	19d	1	0.82mi
305 Rose Hill Rd Birmingham, AL	3.0	1.5	1285	$1,200	$0.93	10d	1	0.89mi
115 Crabapple Ln Birmingham, AL	1.0–3.0	1.0–2.0	906	$1,027	$1.13	11d	19	0.93mi
1344 Pratt Hwy Birmingham, AL	3.0	2.0	936	$980	$1.05	44d	1	1.01mi
161 Cindy Ln Birmingham, AL	3.0	2.0	1388	$1,425	$1.03	24d	1	1.07mi
204 5th Way Birmingham, AL	3.0	1.5	1051	$1,100	$1.05	21d	1	1.22mi
315 Avenue U Birmingham, AL	3.0	1.0	1088	$1,200	$1.10	3d	1	1.32mi
656 Kenwood Dr Birmingham, AL	3.0	1.0	1252	$1,175	$0.94	16d	1	1.34mi
408 Miles Ave Birmingham, AL	3.0	2.0	1377	$1,050	$0.76	21d	1	1.42mi
1425 Hibernian St Birmingham, AL	3.0	1.0	1152	$1,200	$1.04	24d	1	1.46mi

Listing history 14 events

1. 2026-06-10
   days on market $110,000 Active 98 DOM
2. 2026-06-09
   days on market $110,000 Active 97 DOM
3. 2026-06-08
   days on market $110,000 Active 96 DOM
4. 2026-06-07
   days on market $110,000 Active 95 DOM
5. 2026-06-03
   days on market $110,000 Active 91 DOM
6. 2026-06-02
   days on market $110,000 Active 90 DOM
7. 2026-06-01
   days on market $110,000 Active 89 DOM
8. 2026-05-31
   days on market $110,000 Active 88 DOM
9. 2026-03-04
   listed $110,000 Active 269-char remark

   Show marketing remark (269 chars)

   Come check out this beautiful 3 bedroom, 1 bath home! Featuring a fenced yard, covered front porch, 2-car detached garage and renovated with all of the extras you're looking for! Updated with modern fixtures, fresh paint are just a few things this charmer has to offer!

10. 2018-10-16
    soldstatus $92,100
11. 2018-10-15
    soldstatus $92,000 77-char remark

    Show marketing remark (77 chars)

    Beautiful 3BR/1BA home in Birmingham with covered front porch and fenced yard

12. 2018-09-12
    listed $92,000 77-char remark

    Show marketing remark (77 chars)

    Beautiful 3BR/1BA home in Birmingham with covered front porch and fenced yard

13. 1996-07-30
    soldstatus $50,000
14. 1981-05-22
    soldstatus $28,000

ⓘ 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: $1,393 · $116/mo
• Projected year-2 tax: $1,393 · $116/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,219
• − Mortgage interest: −$6,162
• − Property taxes: −$1,393
• − Insurance: −$550
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$3,200
• Taxable income: $1,479
• Est. tax owed @ 24.0%: −$355
• After-tax cash flow: $2,802/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): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% 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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

+292.9% since first listed

6 events — show timeline

• 2026-03-04 Listed $110,000 Greater Alabama MLS
• 2018-10-16 Sold (Public Records) $92,100 Public Records
• 2018-10-15 Sold (MLS) $92,000 Greater Alabama MLS
• 2018-09-12 Listed $92,000 Greater Alabama MLS
• 1996-07-30 Sold (Public Records) $50,000 Public Records
• 1981-05-22 Sold (Public Records) $28,000 Public Records

Property tax history

+10.3%/yr

Latest (2025): $1,393 · -0.1% YoY. Source: county tax records.