5240 Quail Ridge Rd · Gardendale, AL 35071

$130,000

2 bd · 1.0 ba · 990 sqft · SingleFamily public records · 319 Days on market

Built 1962 0.78 ac lot $131/sqft · 29% below area Est $183k · 29% under

---

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 +29.2/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.9/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

Key facts

• Convenient access
• Quiet neighborhood
• Corner lot

Tags

• CORNER LOT
• CIRCULAR DRIVEWAY
• QUIET NEIGHBORHOOD
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 5.5% in Gardendale — 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 66/100 on livability (#113 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 97 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $899 of loan paydown is wiped out by about $4k 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 $36k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 319 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 8y ago; this cycle's ask has dropped $22k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 319 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — 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. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.94%
• DSCR: 1.66
• GRM: 7.0

CMA / ARV

• ARV (median comp): $183,093
• List price: $130,000
• Delta: -29.00%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.21×
• Total profit: $7,738
• Equity at exit: $19,383

10-year hold

• IRR: 14.9%
• Equity multiple: 2.20×
• Total profit: $43,680
• Equity at exit: $11,240

Cash invested: $36,400 (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 35071

• Home prices YoY: -21.1%
• Active inventory: 97
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,552 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$37 /mo · $449/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $453

Break-even live

Break-even rent $979

Max offer price $130,000

Occupancy floor 66%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5401 Mimosa St Gardendale, AL	3.0	2.0	1098	$1,625	$1.48	2d	1	0.23mi

Listing history 40 events

1. 2026-06-18
   days on market $130,000 Active 319 DOM
2. 2026-06-17
   days on market $130,000 Active 318 DOM
3. 2026-06-16
   days on market $130,000 Active 317 DOM
4. 2026-06-15
   days on market $130,000 Active 316 DOM
5. 2026-06-13
   days on market $130,000 Active 314 DOM
6. 2026-06-10
   days on market $130,000 Active 311 DOM
7. 2026-06-09
   days on market $130,000 Active 310 DOM
8. 2026-06-08
   days on market $130,000 Active 309 DOM
9. 2026-06-07
   days on market $130,000 Active 308 DOM
10. 2026-06-03
    days on market $130,000 Active 304 DOM
11. 2026-06-02
    days on market $130,000 Active 303 DOM
12. 2026-06-01
    days on market $130,000 Active 302 DOM
13. 2026-05-31
    days on market $130,000 Active 301 DOM
14. 2026-03-26
    status Active 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

15. 2026-02-06
    historical Contingent 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

16. 2026-01-27
    status Active 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

17. 2026-01-27
    historical Contingent 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

18. 2026-01-12
    status Active 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

19. 2026-01-01
    historical 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

20. 2025-12-18
    price $130,000 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

21. 2025-10-22
    price $145,000 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

22. 2025-08-25
    price $149,000 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

23. 2025-08-12
    status Active 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

24. 2025-07-30
    historical Contingent 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

25. 2025-07-23
    listed $152,000 Active 617-char remark

    Show marketing remark (617 chars)

    Charming and quaint, this home is ready for its next owners. Ideal for investors or buyers seeking a canvas for their own personal touches. The property is being sold "as-is, " which is reflected in the competitive list price and is due to the homeowners having moved out of state. This presents a unique opportunity, as one of the most significant and costly repairs has already been completed—a new roof was installed in 2021, providing peace of mind and protection for years to come. Nestled in a quiet area on a spacious . 78-acre lot, this property offers incredible privacy and a serene setting.

26. 2025-03-09
    price $155,000
27. 2021-10-26
    soldstatus $134,000
28. 2021-10-22
    soldstatus $134,000 Sold
29. 2021-09-30
    historical Contingent
30. 2021-08-07
    price $134,000
31. 2021-08-06
    status Active
32. 2021-07-15
    historical Contingent
33. 2021-07-14
    listed $133,500 Active
34. 2021-05-04
    price $133,500
35. 2021-03-20
    price $129,000
36. 2021-03-03
    price $132,000
37. 2019-01-08
    soldstatus $89,000
38. 2018-12-21
    soldstatus $88,900 Sold
39. 2018-12-20
    listed Contingent
40. 2018-12-20
    listed $88,900

ⓘ 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: $449 · $37/mo
• Projected year-2 tax: $533 · $44/mo
• Expected delta: +$84/yr (+$7/mo · 18.6%)

ⓘ 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 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 4/10 Moderate 3 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,630
• − Mortgage interest: −$7,282
• − Property taxes: −$449
• − Insurance: −$650
• − Repairs & maintenance: −$1,490
• − Management: −$1,490
• − Depreciation: −$3,782
• Taxable income: $3,486
• Est. tax owed @ 24.0%: −$837
• After-tax cash flow: $4,601/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Gardendale

• Score: 66/100
• State rank: #113
• US rank: #12225

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment A- Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gardendale, AL
• County: Jefferson County · 527,445 people
• City population: 17,288
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 17,288
• Household income: $82,074
• Rent vs Own: 22.5% rent · 77.5% own
• Severe rent burden: 151.0

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 White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 4% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 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: ▼ -55.29%
• Current HPI: 206.7447
• 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

+46.2% since first listed

27 events — show timeline

• 2026-03-26 Relisted — Greater Alabama MLS
• 2026-02-06 Contingent — Greater Alabama MLS
• 2026-01-27 Relisted — Greater Alabama MLS
• 2026-01-27 Contingent — Greater Alabama MLS
• 2026-01-12 Relisted — Greater Alabama MLS
• 2026-01-01 Delisted — Greater Alabama MLS
• 2025-12-18 Price Changed $130,000 Greater Alabama MLS
• 2025-10-22 Price Changed $145,000 Greater Alabama MLS
• 2025-08-25 Price Changed $149,000 Greater Alabama MLS
• 2025-08-12 Relisted — Greater Alabama MLS
• 2025-07-30 Contingent — Greater Alabama MLS
• 2025-07-23 Listed $152,000 Greater Alabama MLS
• 2025-03-09 Price Changed $155,000 Greater Alabama MLS
• 2021-10-26 Sold (Public Records) $134,000 Public Records
• 2021-10-22 Sold (MLS) $134,000 Greater Alabama MLS
• 2021-09-30 Contingent — Greater Alabama MLS
• 2021-08-07 Price Changed $134,000 Greater Alabama MLS
• 2021-08-06 Relisted — Greater Alabama MLS
• 2021-07-15 Contingent — Greater Alabama MLS
• 2021-07-14 Listed $133,500 Greater Alabama MLS
• 2021-05-04 Price Changed $133,500 Greater Alabama MLS
• 2021-03-20 Price Changed $129,000 Greater Alabama MLS
• 2021-03-03 Price Changed $132,000 Greater Alabama MLS
• 2019-01-08 Sold (Public Records) $89,000 Public Records
• 2018-12-21 Sold (MLS) $88,900 Greater Alabama MLS
• 2018-12-20 Listed — Greater Alabama MLS
• 2018-12-20 Listed $88,900 Greater Alabama MLS

Property tax history

-0.2%/yr

Latest (2025): $449 · +0.0% YoY. Source: county tax records.