606 Antwerp Ave · Birmingham, AL 35212

$115,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 127 Days on market

Built 1930 6,534 sqft lot $114/sqft · 15% below area Est $161k · 29% 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 +21.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 606 Antwerp Avenue! This delightful 3-bedroom, 2-bath home greets you with a covered front porch and features a dining room conveniently located off the kitchen. The kitchen is updated with a brand-new stove. Ideally situated just a few miles from downtown Birmingham, Avondale, and Ruffner Mountain, this home offers both comfort and convenience. Schedule your showing today!

Key facts

• 6,534 sq ft lot
• Built 1930
• Listed 126 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $174 ($2k/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 $111k (3.6% below list).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 6.2% in Birmingham — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 81 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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 36% of the median local income ($37k/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 $795 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 127 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 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 1930 — 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: 0.96% ✗
• Cap rate: 8.11%
• Cash-on-cash: 6.48%
• DSCR: 1.29
• GRM: 8.6

CMA / ARV

• ARV (median comp): $161,189
• List price: $115,000
• Delta: -28.66%
• 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
613 62nd St S	0.19mi	3/2.0 (+1)	1,064 (+6%)	3mo	$173,000	$163	70
532 Athens Ct	0.09mi	3/1.0 (+1)	1,139 (+13%)	3mo	$95,000	$83	66
6821 65th St S	0.51mi	3/1.0 (+1)	1,013 (+0%)	6mo	$45,000	$44	65
6024 5th Ter S	0.27mi	2/2.0	1,100 (+9%)	8mo	$265,000	$241	61
517 59th Pl S	0.40mi	3/1.0 (+1)	1,040 (+3%)	12mo	$225,000	$216	61
521 Athens Ct	0.12mi	3/1.0 (+1)	876 (-13%)	10mo	$48,000	$55	59
6511 3rd Ave S	0.57mi	3/1.0 (+1)	1,020 (+1%)	10mo	$25,000	$25	58
559 63rd St	0.17mi	3/1.0 (+1)	888 (-12%)	15mo	$100,000	$113	55
5809 7th Ave S	0.39mi	3/1.0 (+1)	1,108 (+10%)	8mo	$265,000	$239	54
6924 67th St S	0.67mi	2/1.0	916 (-9%)	8mo	$15,000	$16	47
6936 66th St S	0.64mi	3/1.0 (+1)	880 (-13%)	6mo	$80,500	$91	39
5327 7th Ave S	0.74mi	3/1.0 (+1)	1,159 (+15%)	3mo	$296,900	$256	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-7,609
• Equity at exit: $17,147

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $7,462
• Equity at exit: $9,943

Cash invested: $32,200 (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 35212

• Active inventory: 81
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,109 high
• Mortgage (P&I): −$603
• Tax from tax record: −$51 /mo · $618/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $174

Break-even live

Break-even rent $889

Max offer price $115,000

Occupancy floor 79%

Sensitivity live

Price	-10% $239	-5% $206	+0% $174	+5% $141	+10% $109
Rent	-10% $86	-5% $130	+0% $174	+5% $218	+10% $261
Rate	-1.0pp $232	-0.5pp $203	base $174	+0.5pp $144	+1.0pp $114

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	44d	1	0.09mi
516 Athens Ct Birmingham, AL	2.0	1.0	738	$1,123	$1.52	2d	1	0.11mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	4d	1	0.19mi
573 61st St S Birmingham, AL	2.0	1.0	800	$850	$1.06	44d	1	0.25mi
6107 Crest Green Rd Birmingham, AL	2.0	1.5	1273	$995	$0.78	44d	1	0.29mi
6241 Crest Green Rd Birmingham, AL	3.0	2.0	1380	$1,210	$0.88	24d	1	0.36mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	24d	1	0.48mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	44d	1	0.65mi
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	44d	1	0.76mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	44d	1	0.84mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	24d	1	0.84mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	4d	1	0.88mi
7716 Sunrise Cir Birmingham, AL	1.0–2.0	1.0	795	$1,000	$1.26	44d	1	0.91mi
620 52nd St S Birmingham, AL	3.0	2.0	1346	$2,750	$2.04	24d	1	0.97mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	15d	1	0.97mi
936 54th St S Birmingham, AL	3.0	1.5	1317	$1,950	$1.48	3d	1	0.97mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	17d	1	1.01mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	24d	1	1.01mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	44d	1	1.05mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	44d	1	1.05mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	44d	1	1.06mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	2d	1	1.07mi
1522 Cooper Hill Rd Birmingham, AL	1.0–3.0	1.0–2.0	875	$1,099	$1.26	2d	17	1.08mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	44d	1	1.15mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	44d	1	1.15mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	4d	1	1.18mi
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	44d	1	1.21mi
233 52nd St N Birmingham, AL	2.0	1.0	1430	$1,200	$0.84	44d	1	1.21mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	44d	1	1.22mi
821 50th St N Birmingham, AL	3.0	1.5	1416	$1,523	$1.08	2d	1	1.37mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	44d	1	1.39mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	44d	1	1.40mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	12d	1	1.40mi
2884 Montevallo Park Rd Irondale, AL	3.0	2.0	1275	$2,206	$1.73	3d	1	1.40mi
131 Chestnut St Birmingham, AL	2.0	1.0	927	$1,649	$1.78	24d	1	1.41mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	2d	1	1.43mi
712 47th Way S Birmingham, AL	2.0	1.0	1042	$1,725	$1.66	20d	1	1.45mi
724 47th Way S Unit 1019289P Birmingham, AL	2.0	1.0	1044	$8,438	$8.08	44d	1	1.46mi
7216 Paris Ave Birmingham, AL	3.0	1.5	966	$1,125	$1.16	20d	1	1.49mi

Listing history 20 events

1. 2026-06-18
   days on market $115,000 Active 127 DOM
2. 2026-06-17
   days on market $115,000 Active 126 DOM
3. 2026-06-16
   days on market $115,000 Active 125 DOM
4. 2026-06-15
   days on market $115,000 Active 124 DOM
5. 2026-06-13
   days on market $115,000 Active 122 DOM
6. 2026-06-10
   days on market $115,000 Active 119 DOM
7. 2026-06-09
   days on market $115,000 Active 118 DOM
8. 2026-06-08
   days on market $115,000 Active 117 DOM
9. 2026-06-07
   days on market $115,000 Active 116 DOM
10. 2026-06-03
    days on market $115,000 Active 112 DOM
11. 2026-06-02
    days on market $115,000 Active 111 DOM
12. 2026-06-01
    days on market $115,000 Active 110 DOM
13. 2026-05-31
    days on market $115,000 Active 109 DOM
14. 2026-02-19
    status Active 387-char remark

    Show marketing remark (387 chars)

    Welcome to 606 Antwerp Avenue! This delightful 3-bedroom, 2-bath home greets you with a covered front porch and features a dining room conveniently located off the kitchen. The kitchen is updated with a brand-new stove. Ideally situated just a few miles from downtown Birmingham, Avondale, and Ruffner Mountain, this home offers both comfort and convenience. Schedule your showing today!

15. 2026-02-16
    historical Contingent 387-char remark

    Show marketing remark (387 chars)

    Welcome to 606 Antwerp Avenue! This delightful 3-bedroom, 2-bath home greets you with a covered front porch and features a dining room conveniently located off the kitchen. The kitchen is updated with a brand-new stove. Ideally situated just a few miles from downtown Birmingham, Avondale, and Ruffner Mountain, this home offers both comfort and convenience. Schedule your showing today!

16. 2026-02-12
    listed $115,000 Active 387-char remark

    Show marketing remark (387 chars)

    Welcome to 606 Antwerp Avenue! This delightful 3-bedroom, 2-bath home greets you with a covered front porch and features a dining room conveniently located off the kitchen. The kitchen is updated with a brand-new stove. Ideally situated just a few miles from downtown Birmingham, Avondale, and Ruffner Mountain, this home offers both comfort and convenience. Schedule your showing today!

17. 2026-02-05
    historical $115,000 387-char remark

    Show marketing remark (387 chars)

    Welcome to 606 Antwerp Avenue! This delightful 3-bedroom, 2-bath home greets you with a covered front porch and features a dining room conveniently located off the kitchen. The kitchen is updated with a brand-new stove. Ideally situated just a few miles from downtown Birmingham, Avondale, and Ruffner Mountain, this home offers both comfort and convenience. Schedule your showing today!

18. 2025-09-03
    price $115,000
19. 1997-09-05
    soldstatus $123,000
20. 1990-11-30
    soldstatus $13,000

ⓘ 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: $618 · $51/mo
• Projected year-2 tax: $618 · $51/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 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 8 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,310
• − Mortgage interest: −$6,442
• − Property taxes: −$618
• − Insurance: −$575
• − Repairs & maintenance: −$1,065
• − Management: −$1,065
• − Depreciation: −$3,345
• Taxable income: $200
• Est. tax owed @ 24.0%: −$48
• After-tax cash flow: $2,037/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): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% French/Haitian/Cajun 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: ▼ -190.24%
• Current HPI: 120.1264
• 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

+784.6% since first listed

7 events — show timeline

• 2026-02-19 Relisted — Greater Alabama MLS
• 2026-02-16 Contingent — Greater Alabama MLS
• 2026-02-12 Listed $115,000 Greater Alabama MLS
• 2026-02-05 Coming Soon $115,000 Greater Alabama MLS
• 2025-09-03 Price Changed $115,000 Greater Alabama MLS
• 1997-09-05 Sold (Public Records) $123,000 Public Records
• 1990-11-30 Sold (Public Records) $13,000 Public Records

Property tax history

-2.3%/yr

Latest (2025): $618 · +0.0% YoY. Source: county tax records.