1400 60th St W · Birmingham, AL 35228

$97,500

3 bd · 1.0 ba · 1,287 sqft · SingleFamily public records · 22 Days on market

Built 1948 0.27 ac lot Est $81k · 20% 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 +29.4/30.0
• DSCR +10.0/10.0
• 1% rule +7.4/10.0
• Livability +3.4/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0

Listing remarks

Step into a welcoming home with comfortable, well-defined living spaces that has both practicality and potential on a corner lot in Birmingham. This 2-bed, 2-bath property features cozy traditional layout, and a 1-car garage for added convenience. Enjoy a private patio and a huge, fenced backyard—ideal for pets, gatherings, gardening, or future outdoor upgrades. With quick access to I-59, schools, shopping, and major commuter routes, this home is an excellent choice for first-time buyers seeking affordability or investors looking for a dependable, low-maintenance rental opportunity. Take a tour of this home today!

Key facts

• 0.27 acre lot
• Garage
• Built 1948

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Side garage entry; 1 total garage space (main level); 2 carport spaces; Driveway parking
• Utilities: Public water; Connected sewer; Spectrum internet available; Electric water heater
• Home design: Existing home; Per appraiser for living area source; City view; Public road access; Located in the CENTRAL PARK subdivision
• Construction: Concrete/Block construction; Shingle roof; Siding (other); Slab foundation; Built previously (existing structure)
• Exterior features: Fenced yard; Porch; Open patio; Open deck

Interior

• Kitchen: Convection oven; Electric cooktop; Built-in microwave; Electric oven; Refrigerator; Laminate countertops
• Bedrooms: Bedrooms located on main level
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; Combination tub/shower and separate shower options
• Heating & cooling: Central heating (forced air); Central cooling
• Interior features: Smooth ceilings; Some window treatments to remain; Gas fireplace with gas starter in the living room; No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $96k (1.5% 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-, crime F, employment 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.
• Zoned schools: Central Park Elementary School (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 447 students, 83% FRL) — zoned schools at 83% FRL track the district average.
• Market conditions: Rents soft (-1.5%/yr); 88 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $674 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 22 days — a 2% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $50k; list at $98k implies a 95% gain — meaningful room to come down on a strong offer.

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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,037 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.24% ✓
• Cap rate: 10.54%
• Cash-on-cash: 15.17%
• DSCR: 1.67
• GRM: 6.7

CMA / ARV

• ARV (on-the-fly): $81,081
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5528 Avenue Q	0.41mi	3/1.0	1,252 (-3%)	2mo	$52,900	$42	74
1569 Meadow Ln	0.32mi	3/1.5	1,192 (-7%)	2mo	$50,000	$42	70
1508 W 51st St	0.55mi	3/1.5	1,264 (-2%)	2mo	$30,000	$24	67
1409 66th St W	0.39mi	3/1.5	1,161 (-10%)	4mo	$95,000	$82	60
5621 Avenue Q	0.41mi	3/1.0	1,136 (-12%)	1mo	$72,000	$63	60
5509 Court P	0.41mi	3/2.0	1,188 (-8%)	5mo	$35,000	$29	60
1265 Meadow Ln	0.32mi	3/2.0	1,456 (+13%)	1mo	$79,900	$55	59
5625 Avenue Q	0.41mi	3/1.0	1,103 (-14%)	3mo	$22,000	$20	55
1037 W 51st St	0.59mi	3/2.0	1,392 (+8%)	3mo	$174,000	$125	52
1205 Brighton Rd	0.63mi	3/1.5	1,147 (-11%)	3mo	$93,000	$81	48
6633 Avenue	0.50mi	3/2.0	1,107 (-14%)	2mo	$99,900	$90	48
6000 Court H	0.64mi	4/1.0 (+1)	1,456 (+13%)	5mo	$153,000	$105	40

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $2,615
• Equity at exit: $14,538

10-year hold

• IRR: 9.2%
• Equity multiple: 1.62×
• Total profit: $16,792
• Equity at exit: $8,430

Cash invested: $27,300 (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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 88
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,210 high
• Mortgage (P&I): −$511
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $345

Break-even live

Break-even rent $773

Max offer price $97,500

Occupancy floor 66%

Sensitivity live

Price	-10% $400	-5% $373	+0% $345	+5% $318	+10% $290
Rent	-10% $250	-5% $297	+0% $345	+5% $393	+10% $441
Rate	-1.0pp $394	-0.5pp $370	base $345	+0.5pp $320	+1.0pp $294

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: $24,375
• Closing costs: $2,925
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	45d	1	0.08mi
1341 Pineview Rd Birmingham, AL	4.0	2.0	1409	$1,300	$0.92	45d	1	0.11mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	45d	1	0.18mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	25d	1	0.18mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	45d	1	0.19mi
5604 Terrace O Birmingham, AL	4.0	1.0	1072	$1,325	$1.24	45d	1	0.29mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	20d	1	0.30mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	45d	1	0.34mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	46d	1	0.39mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	45d	1	0.41mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	4d	1	0.48mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	45d	1	0.48mi
5521 Court I Birmingham, AL	3.0	2.0	1545	$1,100	$0.71	45d	1	0.54mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	0.56mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	45d	1	0.57mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	20d	1	0.59mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	45d	1	0.60mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	3d	1	0.60mi
5709 Court H Birmingham, AL	4.0	1.5	1455	$1,400	$0.96	3d	1	0.61mi
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	45d	1	0.62mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	45d	1	0.62mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	45d	1	0.68mi
1556 Burgin Ave Birmingham, AL	4.0	1.0	1168	$1,100	$0.94	20d	1	0.68mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	23d	1	0.68mi
5300 Avenue I Birmingham, AL	4.0	2.0	1360	$1,500	$1.10	3d	1	0.69mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	45d	1	0.69mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	45d	1	0.71mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	5d	1	0.73mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	45d	1	0.74mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	3d	1	0.76mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	45d	1	0.77mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	5d	1	0.78mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	45d	1	0.78mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	45d	1	0.79mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	13d	1	0.81mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	25d	1	0.81mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	45d	1	0.81mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	45d	1	0.81mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	25d	1	0.82mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	45d	1	0.83mi

Listing history 18 events

1. 2026-06-21
   days on market $97,500 Active 22 DOM
2. 2026-06-18
   days on market $97,500 Active 19 DOM
3. 2026-06-17
   days on market $97,500 Active 18 DOM
4. 2026-06-16
   days on market $97,500 Active 17 DOM
5. 2026-06-15
   days on market $97,500 Active 16 DOM
6. 2026-06-13
   days on market $97,500 Active 14 DOM
7. 2026-06-10
   days on market $97,500 Active 11 DOM
8. 2026-06-09
   days on market $97,500 Active 10 DOM
9. 2026-06-08
   days on market $97,500 Active 9 DOM
10. 2026-06-07
    days on market $97,500 Active 8 DOM
11. 2026-06-03
    days on market $97,500 Active 4 DOM
12. 2026-06-02
    days on market $97,500 Active 3 DOM
13. 2026-06-01
    days on market $97,500 Active 2 DOM
14. 2026-05-22
    historical $97,500
15. 1999-11-12
    soldstatus $50,000
16. 1999-11-12
    soldstatus $50,000
17. 1996-06-03
    soldstatus $44,000
18. 1992-06-22
    soldstatus $39,000

ⓘ 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: $708 · $59/mo
• Projected year-2 tax: $708 · $59/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 ≥108°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: $14,523
• − Mortgage interest: −$5,462
• − Property taxes: −$708
• − Insurance: −$488
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − Depreciation: −$2,836
• Taxable income: $2,705
• Est. tax owed @ 24.0%: −$649
• After-tax cash flow: $3,492/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): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% 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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+150.0% since first listed

6 events — show timeline

• 2026-05-30 Listed $97,500 Greater Alabama MLS
• 2026-05-22 Coming Soon $97,500 Greater Alabama MLS
• 1999-11-12 Sold (Public Records) $50,000 Public Records
• 1999-11-12 Sold (Public Records) $50,000 Public Records
• 1996-06-03 Sold (Public Records) $44,000 Public Records
• 1992-06-22 Sold (Public Records) $39,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $708 · +0.0% YoY. Source: county tax records.