1548 55th St · Birmingham, AL 35224

$79,900

3 bd · 2.0 ba · 1,446 sqft · SingleFamily public records · 33 Days on market

Built 1955 6,534 sqft lot Est $64k · 26% 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 +29.9/30.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• 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
• Appreciation +0.0/10.0

Listing remarks MLS

Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

Key facts

• Fenced in backyard
• 6,534 sq ft lot
• Built 1955

Tags

• FENCED IN BACKYARD

Property features AI

Finance

• Other: Property in subdivision Green Acres; Parcel ID 29-00-07-4-029-016.000; Lot size approximately 0.15 acres; Not in flood plain
• Financial info: Down payment assistance available

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available
• Home design: Existing structure; Siding (other)
• Construction: Crawl space foundation
• Exterior features: Open patio; No pool; No garden/patio listed; No decks

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: 1 bedroom on the main level
• Flooring: Carpet; Tile floors
• Bathrooms: 1 full bathroom with tub/shower combo
• Heating & cooling: Central heating (forced air); Central air conditioning
• Interior features: Ceilings noted as 'Other' (see remarks); No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/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: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.7% 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); Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 84% FRL track the district average.
• Market conditions: 42 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 $552 of loan paydown is wiped out by about $2k 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 $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago 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.
• Current owner paid $46k; list at $80k implies a 72% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.41% ✓
• Cap rate: 10.72%
• Cash-on-cash: 15.81%
• DSCR: 1.70
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $63,624
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1508 W 51st St	0.18mi	3/1.5	1,264 (-13%)	2mo	$30,000	$24	67
1037 W 51st St	0.53mi	3/2.0	1,392 (-4%)	3mo	$174,000	$125	66
1265 Meadow Ln	0.70mi	3/2.0	1,456 (+1%)	1mo	$79,900	$55	66
1607 43rd St	0.65mi	3/2.0	1,435 (-1%)	5mo	$85,000	$59	64
5528 Avenue Q	0.17mi	3/1.0	1,252 (-13%)	2mo	$52,900	$42	64
1527 46th Street Ensley	0.44mi	3/1.0	1,571 (+9%)	6mo	$35,000	$22	56
4637 Avenue R	0.57mi	2/1.0 (-1)	1,378 (-5%)	3mo	$28,500	$21	54
1825 49th St	0.61mi	3/1.0	1,532 (+6%)	4mo	$51,000	$33	54
1523 44th St E	0.58mi	3/2.0	1,307 (-10%)	5mo	$133,000	$102	52
1113 51st St	0.46mi	3/2.0	1,231 (-15%)	3mo	$204,900	$166	51
3213 Lee Ave SW	0.54mi	3/2.0	1,653 (+14%)	2mo	$60,000	$36	50
1836 Bessemer Rd	0.72mi	3/1.0	1,258 (-13%)	4mo	$55,000	$44	38

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: 6.7%
• Equity multiple: 1.26×
• Total profit: $5,865
• Equity at exit: $11,913

10-year hold

• IRR: 16.1%
• Equity multiple: 2.32×
• Total profit: $29,447
• Equity at exit: $6,908

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 35224

• Home prices YoY: -16.2%
• Active inventory: 42
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,124 high
• Mortgage (P&I): −$419
• Tax from tax record: −$141 /mo · $1,691/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $295

Break-even live

Break-even rent $751

Max offer price $79,900

Occupancy floor 69%

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
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	44d	1	0.09mi
5604 Terrace O Birmingham, AL	4.0	1.0	1072	$1,325	$1.24	44d	1	0.12mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	44d	1	0.18mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	2d	1	0.18mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	44d	1	0.19mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	19d	1	0.20mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.22mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	44d	1	0.23mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	24d	1	0.25mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	44d	1	0.26mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	21d	1	0.29mi
1556 Burgin Ave Birmingham, AL	4.0	1.0	1168	$1,100	$0.94	19d	1	0.29mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	44d	1	0.30mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	44d	1	0.30mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	44d	1	0.34mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	44d	1	0.35mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	44d	1	0.37mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	2d	1	0.38mi
1757 48th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1164	$1,295	$1.11	3d	1	0.44mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	44d	1	0.48mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	44d	1	0.48mi
4619 Terrace Q Birmingham, AL	3.0	2.0	1198	$900	$0.75	44d	1	0.49mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	3d	1	0.50mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.50mi
1341 Pineview Rd Birmingham, AL	4.0	2.0	1409	$1,300	$0.92	44d	1	0.50mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	44d	1	0.50mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	44d	1	0.53mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	15d	1	0.55mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	12d	1	0.57mi
4817 Court R Birmingham, AL	3.0	2.0	1530	$1,300	$0.85	16d	1	0.57mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	3d	1	0.58mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	44d	1	0.58mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	44d	1	0.59mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	24d	1	0.59mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	24d	1	0.60mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	2d	1	0.61mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	24d	1	0.62mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	44d	1	0.64mi
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	44d	1	0.66mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	16d	1	0.70mi

Listing history 25 events

1. 2026-06-18
   status $79,900 Pending 33 DOM
2. 2026-06-17
   days on market $79,900 Active 33 DOM
3. 2026-06-16
   days on market $79,900 Active 32 DOM
4. 2026-06-15
   days on market $79,900 Active 31 DOM
5. 2026-06-13
   days on market $79,900 Active 29 DOM
6. 2026-06-10
   days on market $79,900 Active 26 DOM
7. 2026-06-09
   days on market $79,900 Active 25 DOM
8. 2026-06-08
   days on market $79,900 Active 24 DOM
9. 2026-06-07
   days on market $79,900 Active 23 DOM
10. 2026-06-03
    days on market $79,900 Active 19 DOM
11. 2026-06-02
    days on market $79,900 Active 18 DOM
12. 2026-06-01
    days on market $79,900 Active 17 DOM
13. 2026-05-31
    days on market $79,900 Active 16 DOM
14. 2026-05-20
    status Pending
15. 2026-05-11
    historical Contingent
16. 2026-05-06
    listed $79,900 Active
17. 2018-10-26
    soldstatus $46,500
18. 2018-10-25
    soldstatus $46,125 Sold 274-char remark

    Show marketing remark (274 chars)

    Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

19. 2018-10-19
    historical Contingent 274-char remark

    Show marketing remark (274 chars)

    Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

20. 2018-10-19
    historical 274-char remark

    Show marketing remark (274 chars)

    Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

21. 2018-10-05
    price $45,500 274-char remark

    Show marketing remark (274 chars)

    Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

22. 2018-09-25
    listed $56,500 Active 274-char remark

    Show marketing remark (274 chars)

    Immaculate condition! 3 Bedroom 2 Bath. Sep Dining/ESIK Beautiful Hardwood floors thru out. Updated fixtures. Beautiful tile in both Baths. Master Bedroom opposite end of house. Stainless Steel Refrigerator in Kitchen 2nd fridge in Laundry Room. Level front and rear yards.

23. 2010-07-16
    soldstatus $24,000
24. 2001-09-04
    soldstatus $57,000
25. 1995-12-01
    soldstatus $55,000

ⓘ 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: $1,691 · $141/mo
• Projected year-2 tax: $1,691 · $141/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 7/10 Severe 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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,487
• − Mortgage interest: −$4,476
• − Property taxes: −$1,691
• − Insurance: −$400
• − Repairs & maintenance: −$1,079
• − Management: −$1,079
• − Depreciation: −$2,324
• Taxable income: $2,439
• Est. tax owed @ 24.0%: −$585
• After-tax cash flow: $2,951/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
• City population: 210,422
• Population (ZIP): 5,409

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 (69%)
• Race & ethnicity: Black 69% White 22% Two or more races 5% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 0%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -24.47%
• Current HPI: 126.3423
• Rent YoY: —
• Metro: —
• 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

+45.3% since first listed

12 events — show timeline

• 2026-05-20 Pending — Greater Alabama MLS
• 2026-05-11 Contingent — Greater Alabama MLS
• 2026-05-06 Listed $79,900 Greater Alabama MLS
• 2018-10-26 Sold (Public Records) $46,500 Public Records
• 2018-10-25 Sold (MLS) $46,125 Greater Alabama MLS
• 2018-10-19 Contingent — Greater Alabama MLS
• 2018-10-19 Delisted — Greater Alabama MLS
• 2018-10-05 Price Changed $45,500 Greater Alabama MLS
• 2018-09-25 Listed $56,500 Greater Alabama MLS
• 2010-07-16 Sold (Public Records) $24,000 Public Records
• 2001-09-04 Sold (Public Records) $57,000 Public Records
• 1995-12-01 Sold (Public Records) $55,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,691 · +0.0% YoY. Source: county tax records.