1225 4th Pl N · Birmingham, AL 35204

$79,900

3 bd · 1.0 ba · 1,224 sqft · SingleFamily public records · 72 Days on market

Built 1925 7,405 sqft lot $65/sqft · 31% above area Est $61k · 31% over

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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 +29.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Appreciation +5.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Great investment opportunity in up and coming Fountain Heights neighborhood with lots of room for appreciation. Close to all major interstate on-ramps, BJCC, and the new entertainment district. New electrical and sewer service. HVAC replaced 2019. Tenant occupied at $1,000/mo. Please have offer ready before scheduling tour. Photos are very recent.

Key facts

• Hvac replaced
• New sewer service
• 7,405 sq ft lot

Tags

• FOUNTAIN HEIGHTS NEIGHBORHOOD
• NEW ELECTRICAL SERVICE
• NEW SEWER SERVICE
• HVAC REPLACED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 10.5% 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: 64 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $1k of equity ($552 loan paydown + $512 appreciation (0.6% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.6% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $12k; list at $80k implies a 539% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $75,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 72 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — 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: 1.27% ✓
• Cap rate: 10.48%
• Cash-on-cash: 14.94%
• DSCR: 1.66
• GRM: 6.6

CMA / ARV

• ARV (median comp): $61,197
• List price: $79,900
• Delta: 30.56%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
331 14th Ct N	0.31mi	3/1.0	1,284 (+5%)	4mo	$34,900	$27	74
1305 11th St N	0.23mi	3/1.0	1,148 (-6%)	9mo	$25,000	$22	72
1124 2nd St N	0.27mi	3/1.0	1,368 (+12%)	2mo	$16,500	$12	66
1319 16th St N	0.50mi	2/1.0 (-1)	1,204 (-2%)	10mo	$35,000	$29	60
1614 11th Ct N	0.59mi	3/1.0	1,244 (+2%)	18mo	$40,000	$32	55
1428 16th St N	0.49mi	3/2.0	1,380 (+13%)	1mo	$145,000	$105	51
1324 2nd St N	0.39mi	3/1.5	1,320 (+8%)	20mo	$145,500	$110	50
213 10th Ave N	0.46mi	4/1.5 (+1)	1,370 (+12%)	3mo	$110,000	$80	49
117 10th Ct	0.42mi	3/2.0	1,400 (+14%)	4mo	$150,000	$107	49
1629 4th St N	0.58mi	3/1.0	1,108 (-10%)	11mo	$99,999	$90	48
1123 14th St N	0.42mi	3/2.0	1,340 (+10%)	18mo	$89,000	$66	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.0%
• Equity multiple: 1.80×
• Total profit: $17,839
• Equity at exit: $25,794

10-year hold

• IRR: 19.7%
• Equity multiple: 3.31×
• Total profit: $51,681
• Equity at exit: $33,160

Cash invested: $22,372 (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 35204

• Home prices YoY: 0.3%
• Active inventory: 64
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,015 high
• Mortgage (P&I): −$419
• Tax from tax record: −$71 /mo · $850/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $279

Break-even live

Break-even rent $662

Max offer price $79,900

Occupancy floor 68%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1153 2nd St N Birmingham, AL	3.0	1.0	1056	$1,150	$1.09	19d	1	0.23mi
1317 11th St N Birmingham, AL	3.0	1.0	1340	$1,200	$0.90	44d	1	0.24mi
1500 12th St N Birmingham, AL	2.0	1.0	750	$800	$1.07	24d	1	0.44mi
353 16th Ave N Birmingham, AL	3.0	1.0	1200	$995	$0.83	44d	1	0.49mi
1305 16th St N Unit 1305 D Birmingham, AL	2.0	1.0	825	$595	$0.72	24d	1	0.50mi
1113 15th St N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	0.51mi
1802 14th Ct N Birmingham, AL	2.0	1.0	700	$850	$1.21	19d	1	0.65mi
1608 18th Pl N Birmingham, AL	3.0	2.0	1243	$950	$0.76	44d	1	0.72mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	16d	1	0.73mi
963 3rd St W Birmingham, AL	3.0	2.0	1444	$1,295	$0.90	24d	1	0.79mi
1906 15th Ct N Birmingham, AL	2.0	1.0	1311	$1,000	$0.76	24d	1	0.81mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.89mi
1428 F L Shuttlesworth Dr Fl Shuttlesworth Birmingham, AL	2.0	1.0	803	$825	$1.03	24d	3	0.91mi
517 11th Ct W Birmingham, AL	2.0	1.0	970	$795	$0.82	44d	1	0.93mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.93mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.93mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	44d	1	0.93mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.93mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.93mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	0.93mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	0.93mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.94mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.95mi
1576 20th St N Apt D Birmingham, AL	2.0	1.0	900	$725	$0.81	44d	1	0.97mi
451 2nd St N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	44d	1	0.98mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	44d	1	1.05mi
410 8th Ter W Birmingham, AL	3.0	1.0	1440	$1,200	$0.83	16d	1	1.07mi
600 19th St N Unit 604 Birmingham, AL	2.0	2.0	1001	$2,895	$2.89	12d	1	1.08mi
600 19th St N Unit 601 Birmingham, AL	2.0	2.0	1001	$2,544	$2.54	12d	1	1.08mi
600 19th St N Apt 202 Birmingham, AL	3.0	2.0	1248	$3,050	$2.44	12d	1	1.08mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–3.0	1398	$4,560	$3.26	19d	83	1.09mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–2.0	1120	$3,550	$3.17	16d	30	1.09mi
915 6th St W Birmingham, AL	3.0	1.0	1332	$1,075	$0.81	44d	1	1.11mi
1911 19th Ct N Apt 1 Birmingham, AL	2.0	1.0	750	$845	$1.13	12d	1	1.16mi
905 7th St W Birmingham, AL	3.0	2.0	1029	$1,150	$1.12	44d	1	1.18mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.23mi
2413 14th Ave N Birmingham, AL	2.0	1.0	720	$675	$0.94	2d	3	1.25mi
757 10th Ave W Birmingham, AL	2.0	1.0	1136	$1,000	$0.88	44d	1	1.27mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	24d	1	1.28mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.29mi

Listing history 17 events

1. 2026-06-18
   days on market $79,900 Active 72 DOM
2. 2026-06-17
   days on market $79,900 Active 71 DOM
3. 2026-06-16
   days on market $79,900 Active 70 DOM
4. 2026-06-15
   days on market $79,900 Active 69 DOM
5. 2026-06-13
   days on market $79,900 Active 67 DOM
6. 2026-06-10
   days on market $79,900 Active 64 DOM
7. 2026-06-09
   days on market $79,900 Active 63 DOM
8. 2026-06-08
   days on market $79,900 Active 62 DOM
9. 2026-06-07
   days on market $79,900 Active 61 DOM
10. 2026-06-03
    days on market $79,900 Active 57 DOM
11. 2026-06-02
    days on market $79,900 Active 56 DOM
12. 2026-06-01
    days on market $79,900 Active 55 DOM
13. 2026-05-31
    days on market $79,900 Active 54 DOM
14. 2026-05-18
    historical Contingent 349-char remark

    Show marketing remark (349 chars)

    Great investment opportunity in up and coming Fountain Heights neighborhood with lots of room for appreciation. Close to all major interstate on-ramps, BJCC, and the new entertainment district. New electrical and sewer service. HVAC replaced 2019. Tenant occupied at $1,000/mo. Please have offer ready before scheduling tour. Photos are very recent.

15. 2026-04-22
    price $79,900 349-char remark

    Show marketing remark (349 chars)

    Great investment opportunity in up and coming Fountain Heights neighborhood with lots of room for appreciation. Close to all major interstate on-ramps, BJCC, and the new entertainment district. New electrical and sewer service. HVAC replaced 2019. Tenant occupied at $1,000/mo. Please have offer ready before scheduling tour. Photos are very recent.

16. 2026-04-07
    listed $89,900 Active 349-char remark

    Show marketing remark (349 chars)

    Great investment opportunity in up and coming Fountain Heights neighborhood with lots of room for appreciation. Close to all major interstate on-ramps, BJCC, and the new entertainment district. New electrical and sewer service. HVAC replaced 2019. Tenant occupied at $1,000/mo. Please have offer ready before scheduling tour. Photos are very recent.

17. 2010-07-14
    soldstatus $12,500

ⓘ 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: $850 · $71/mo
• Projected year-2 tax: $850 · $71/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 ≥106°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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,177
• − Mortgage interest: −$4,476
• − Property taxes: −$850
• − Insurance: −$400
• − Repairs & maintenance: −$974
• − Management: −$974
• − Depreciation: −$2,324
• Taxable income: $2,179
• Est. tax owed @ 24.0%: −$523
• After-tax cash flow: $2,819/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): 8,953
• Household income: $35,420
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 422.0

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 5% Two or more races 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▲ 0.64%
• Current HPI: 201.0777
• 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

+539.2% since first listed

4 events — show timeline

• 2026-05-18 Contingent — Greater Alabama MLS
• 2026-04-22 Price Changed $79,900 Greater Alabama MLS
• 2026-04-07 Listed $89,900 Greater Alabama MLS
• 2010-07-14 Sold (Public Records) $12,500 Public Records

Property tax history

+3.6%/yr

Latest (2025): $850 · +0.0% YoY. Source: county tax records.