7117 5th Ave S · Birmingham, AL 35206

$135,000

3 bd · 2.0 ba · 2,007 sqft · SingleFamily public records · 32 Days on market

Built 1994 Est $112k · 20% over

---

Why this score? — see what drove the D 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 +21.5/30.0
• DSCR +6.9/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

For sale by owner in AS IS condition. Only cosmetic updates needed. Metal roof 2018 furnace 2025 AC unit

Key facts

• Metal roof
• Ac unit
• Furnace

Tags

• METAL ROOF
• FURNACE
• AC UNIT

Property features AI

Exterior

• Home design: Built in 1994
• Construction: Living area approximately 1,413
• Exterior features: Located in the Eastlake subdivision

Interior

• Bedrooms: Bedrooms: information not provided

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $204 ($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 $132k (2.0% below list).
• Recommended offer: $131k (3.0% 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: Rents rising (+1.8%/yr); 128 active listings in the ZIP; 10 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 37% of the median local income ($43k/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 $933 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.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $56k; list at $135k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.98% ✗
• Cap rate: 8.10%
• Cash-on-cash: 6.47%
• DSCR: 1.29
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $112,392
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
701 71st Pl S	0.13mi	3/1.0	2,052 (+2%)	1mo	$85,000	$41	85
219 72nd St S	0.22mi	3/1.0	1,960 (-2%)	2mo	$64,000	$33	80
644 73rd St S	0.23mi	3/2.0	1,806 (-10%)	3mo	$100,833	$56	70
7528 1st Ave	0.53mi	3/2.0	2,001 (-0%)	14mo	$155,000	$77	63
7722 8th Ave S	0.70mi	4/2.5 (+1)	2,044 (+2%)	1mo	$295,000	$144	56
405 67th St S	0.48mi	3/2.0	1,840 (-8%)	14mo	$115,835	$63	52
7400 Naples Ave	0.49mi	3/1.0	2,152 (+7%)	11mo	$130,000	$60	52
7520 4th Ave S	0.39mi	3/1.5	1,856 (-8%)	20mo	$66,000	$36	50
7433 2nd Ave S	0.40mi	4/2.5 (+1)	2,151 (+7%)	18mo	$187,000	$87	48
6600 1st Ave S	0.65mi	4/3.0 (+1)	1,874 (-7%)	11mo	$49,000	$26	40
126 73rd St	0.58mi	4/2.0 (+1)	1,812 (-10%)	18mo	$74,000	$41	37
7212 3rd Ave N	0.70mi	4/2.0 (+1)	1,773 (-12%)	16mo	$50,000	$28	30

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 · 1.82% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.72×
• Total profit: $-10,483
• Equity at exit: $20,129

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $1,218
• Equity at exit: $11,672

Cash invested: $37,800 (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 35206

• Home prices YoY: -32.0%
• Rents YoY: 1.8%
• Active inventory: 128
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,323 high
• Mortgage (P&I): −$708
• Tax from tax record: −$77 /mo · $927/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $204

Break-even live

Break-even rent $1,065

Max offer price $135,000

Occupancy floor 80%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7125 6th Ave S Birmingham, AL	3.0	2.0	1584	$1,188	$0.75	3d	1	0.06mi
720 72nd St S Birmingham, AL	4.0	1.0	2560	$1,125	$0.44	3d	1	0.25mi
7420 3rd Ave S Birmingham, AL	4.0	2.0	1705	$1,450	$0.85	1d	1	0.34mi
7112 Naples Ave Birmingham, AL	4.0	2.0	1858	$1,731	$0.93	43d	1	0.51mi
7815 4th Ave S Birmingham, AL	3.0	2.0	1496	$1,650	$1.10	1d	1	0.79mi
805 Vanderbilt St Birmingham, AL	4.0	2.0	1692	$1,291	$0.76	21d	1	0.84mi
7824 Rugby Ct Birmingham, AL	4.0	1.5	1650	$1,275	$0.77	43d	1	0.90mi
730 80th Pl S Birmingham, AL	4.0	1.0	2002	$1,350	$0.67	23d	1	1.06mi
8013 Rugby Ave Birmingham, AL	3.0	2.0	1460	$1,150	$0.79	23d	1	1.08mi
7801 Vienna Ave Unit 1 Birmingham, AL	4.0	1.5	1880	$1,300	$0.69	43d	1	1.09mi

Listing history 16 events

1. 2026-06-18
   days on market $135,000 Active 32 DOM
2. 2026-06-17
   days on market $135,000 Active 31 DOM
3. 2026-06-16
   days on market $135,000 Active 30 DOM
4. 2026-06-15
   days on market $135,000 Active 29 DOM
5. 2026-06-13
   days on market $135,000 Active 27 DOM
6. 2026-06-10
   days on market $135,000 Active 24 DOM
7. 2026-06-09
   days on market $135,000 Active 23 DOM
8. 2026-06-08
   days on market $135,000 Active 22 DOM
9. 2026-06-07
   days on market $135,000 Active 21 DOM
10. 2026-06-03
    days on market $135,000 Active 17 DOM
11. 2026-06-02
    days on market $135,000 Active 16 DOM
12. 2026-06-01
    days on market $135,000 Active 15 DOM
13. 2026-05-31
    days on market $135,000 Active 14 DOM
14. 2026-05-17
    listed $135,000 Active
15. 2014-04-23
    soldstatus $56,000
16. 1999-01-06
    soldstatus $51,900

ⓘ 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: $927 · $77/mo
• Projected year-2 tax: $927 · $77/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 5/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,878
• − Mortgage interest: −$7,562
• − Property taxes: −$927
• − Insurance: −$675
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$3,927
• Taxable income: $246
• Est. tax owed @ 24.0%: −$59
• After-tax cash flow: $2,387/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): 15,621
• Household income: $42,549
• Rent vs Own: 51.1% rent · 48.9% own
• Severe rent burden: 1169.0

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 (73%)
• Race & ethnicity: Black 73% White 22% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 0%

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: ▼ -68.70%
• Current HPI: 146.2168
• Rent YoY: ▲ 1.82%
• 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

+160.1% since first listed

3 events — show timeline

• 2026-05-17 Listed $135,000 FSBO.com
• 2014-04-23 Sold (Public Records) $56,000 Public Records
• 1999-01-06 Sold (Public Records) $51,900 Public Records

Property tax history

-1.7%/yr

Latest (2025): $927 · +0.0% YoY. Source: county tax records.