6737 Frankfort Ave · Birmingham, AL 35212

$109,000

3 bd · 1.0 ba · 1,046 sqft · SingleFamily public records · 101 Days on market

Built 1960 9,583 sqft lot $104/sqft · 49% above area Est $73k · 49% over

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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 +20.4/30.0
• DSCR +6.5/10.0
• 1% rule +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
• Appreciation +0.0/10.0

Listing remarks MLS

Updated with fresh paint and beautiful flooring throughout, this charming home is a perfect starter home or investment property. Brand new roof, as well as brand new appliances and recently rehabbed kitchen! Enjoy a convenient location near downtown amenities, restaurants, shopping, and everything you need. Great value with plenty of appeal. schedule your showing now!

Key facts

• Downtown amenities
• Fresh paint
• Beautiful flooring

Tags

• FRESH PAINT
• BEAUTIFUL FLOORING
• CONVENIENT LOCATION
• DOWNTOWN AMENITIES
• RESTAURANTS
• SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $109k.

Deal economics

• At list price, monthly cash flow is $142 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $109k).
• Recommended offer: $99k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.9% 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: 80 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); 55% 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 37% 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 $754 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 101 days — a 9% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $75k; 46% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $99,190 (9.0% below list)

Questions for the listing agent

1. It's been on market 101 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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?
8. 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.
9. 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.
10. 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: 1.03% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.59%
• DSCR: 1.25
• GRM: 8.1

CMA / ARV

• ARV (median comp): $73,327
• List price: $109,000
• Delta: 48.65%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6821 65th St S	0.26mi	3/1.0	1,013 (-3%)	7mo	$45,000	$44	77
221 72nd St S	0.51mi	3/1.0	1,015 (-3%)	2mo	$75,000	$74	70
7213 Higdon Rd	0.27mi	3/1.5	1,008 (-4%)	12mo	$60,000	$60	70
6511 3rd Ave S	0.43mi	3/1.0	1,020 (-2%)	10mo	$25,000	$25	68
6817 Division Ave	0.52mi	3/1.0	1,104 (+6%)	3mo	$93,000	$84	64
6924 67th St S	0.10mi	2/1.0 (-1)	916 (-12%)	8mo	$15,000	$16	63
6713 Harve Ave	0.20mi	2/1.0 (-1)	936 (-10%)	9mo	$35,000	$37	61
900 Dublin Ave	0.27mi	3/1.0	1,190 (+14%)	10mo	$60,000	$50	56
6712 2nd Ave S	0.41mi	4/2.5 (+1)	1,132 (+8%)	2mo	$149,900	$132	55
532 Athens Ct	0.71mi	3/1.0	1,139 (+9%)	3mo	$95,000	$83	49
6724 S 2nd Ave	0.40mi	4/2.0 (+1)	1,188 (+14%)	3mo	$113,000	$95	47
7005 S 1st Ave	0.50mi	2/1.0 (-1)	930 (-11%)	12mo	$72,000	$77	44

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: -7.6%
• Equity multiple: 0.72×
• Total profit: $-8,599
• Equity at exit: $16,252

10-year hold

• IRR: 1.9%
• Equity multiple: 1.14×
• Total profit: $4,210
• Equity at exit: $9,424

Cash invested: $30,520 (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: 80
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,119 high
• Mortgage (P&I): −$572
• Tax from tax record: −$125 /mo · $1,498/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $142

Break-even live

Break-even rent $939

Max offer price $109,000

Occupancy floor 82%

Sensitivity live

Price	-10% $204	-5% $173	+0% $142	+5% $111	+10% $80
Rent	-10% $54	-5% $98	+0% $142	+5% $186	+10% $231
Rate	-1.0pp $197	-0.5pp $170	base $142	+0.5pp $114	+1.0pp $85

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: $27,250
• Closing costs: $3,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6732 Frankfort Ave Birmingham, AL	3.0	1.0	924	$995	$1.08	46d	1	0.03mi
6936 66th St S Birmingham, AL	3.0	1.0	880	$1,050	$1.19	46d	1	0.15mi
605 71st St S Birmingham, AL	3.0	1.5	1024	$1,303	$1.27	4d	1	0.30mi
7025 4th Ave S Birmingham, AL	3.0	1.0	1090	$845	$0.78	46d	1	0.33mi
417 Athens Ave Birmingham, AL	3.0	1.5	978	$1,250	$1.28	26d	1	0.40mi
7005 2nd Ave S Birmingham, AL	2.0	1.0	939	$950	$1.01	46d	1	0.42mi
201 70th St S Birmingham, AL	2.0	1.0	989	$950	$0.96	46d	1	0.43mi
7129 3rd Ave S Birmingham, AL	3.0	2.0	1264	$1,095	$0.87	5d	1	0.47mi
6820 Division Ave Birmingham, AL	3.0	2.0	1122	$1,050	$0.94	26d	1	0.56mi
7119 1st Ave S Birmingham, AL	2.0	1.0	720	$1,000	$1.39	46d	1	0.57mi
7017 Division Ave Birmingham, AL	3.0	1.0	1100	$1,050	$0.95	46d	1	0.58mi
601 Dublin Ave Birmingham, AL	4.0	1.5	1288	$1,050	$0.82	46d	1	0.63mi
516 Athens Ct Birmingham, AL	2.0	1.0	738	$1,123	$1.52	4d	1	0.66mi
6309 3rd Ave S Birmingham, AL	4.0	2.0	1228	$1,495	$1.22	4d	1	0.66mi
7213 Naples Ave Birmingham, AL	3.0	1.5	925	$1,100	$1.19	46d	1	0.67mi
7213 Naples Ave Birmingham, AL	3.0	1.5	937	$1,100	$1.17	14d	1	0.67mi
117 67th Pl N Birmingham, AL	3.0	1.0	1202	$800	$0.67	18d	1	0.68mi
532 Athens Ct Birmingham, AL	3.0	1.0	1138	$1,125	$0.99	46d	1	0.70mi
126 66th Pl N Birmingham, AL	2.0	1.0	1038	$1,200	$1.16	17d	1	0.73mi
7330 1st Ave S Birmingham, AL	3.0	1.0	1299	$1,000	$0.77	4d	1	0.74mi
7716 Sunrise Cir Birmingham, AL	1.0–2.0	1.0	795	$1,000	$1.26	46d	1	0.75mi
7216 Paris Ave Birmingham, AL	3.0	1.5	966	$1,125	$1.16	21d	1	0.77mi
224 69th Pl N Birmingham, AL	3.0	1.0	894	$975	$1.09	46d	1	0.79mi
559 63rd St S Birmingham, AL	3.0	1.0	930	$1,000	$1.08	5d	1	0.80mi
7313 Paris Ave Birmingham, AL	3.0	2.0	1000	$1,395	$1.40	5d	1	0.84mi
7620 4th Ave S Birmingham, AL	3.0	1.0	1144	$1,025	$0.90	46d	1	0.86mi
573 61st St S Birmingham, AL	2.0	1.0	800	$850	$1.06	46d	1	0.87mi
7404 Paris Ave Birmingham, AL	3.0	1.5	802	$1,200	$1.50	46d	1	0.88mi
630 77th St S Birmingham, AL	2.0	2.0	1100	$983	$0.89	5d	1	0.88mi
6241 Crest Green Rd Birmingham, AL	3.0	2.0	1380	$1,210	$0.88	26d	1	0.95mi
7728 Rugby Ave Birmingham, AL	2.0	1.0	700	$850	$1.21	46d	1	0.96mi
7701 7th Ave S Birmingham, AL	2.0	1.0	800	$850	$1.06	26d	1	0.97mi
7740 Rugby Ave Unit 2 Birmingham, AL	2.0	1.0	800	$1,000	$1.25	46d	1	0.99mi
7740 Rugby Ave Unit b Birmingham, AL	2.0	1.0	800	$1,100	$1.38	46d	1	0.99mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,275	$1.27	5d	1	0.99mi
7341 Rome Ave Birmingham, AL	3.0	1.0	1000	$1,300	$1.30	46d	1	0.99mi
6107 Crest Green Rd Birmingham, AL	2.0	1.5	1273	$995	$0.78	46d	1	1.01mi
7721 1st Ave S Birmingham, AL	3.0	1.0	956	$949	$0.99	26d	1	1.03mi
7728 1st Ave S Apt C Birmingham, AL	2.0	1.0	950	$950	$1.00	46d	1	1.06mi
756 Vanderbilt St Birmingham, AL	3.0	2.0	1096	$1,000	$0.91	46d	1	1.07mi

Listing history 30 events

1. 2026-06-22
   days on market $109,000 Active 101 DOM
2. 2026-06-21
   days on market $109,000 Active 100 DOM
3. 2026-06-18
   days on market $109,000 Active 97 DOM
4. 2026-06-17
   days on market $109,000 Active 96 DOM
5. 2026-06-16
   days on market $109,000 Active 95 DOM
6. 2026-06-15
   days on market $109,000 Active 94 DOM
7. 2026-06-13
   days on market $109,000 Active 92 DOM
8. 2026-06-10
   days on market $109,000 Active 89 DOM
9. 2026-06-09
   days on market $109,000 Active 88 DOM
10. 2026-06-08
    days on market $109,000 Active 87 DOM
11. 2026-06-07
    days on market $109,000 Active 86 DOM
12. 2026-06-03
    days on market $109,000 Active 82 DOM
13. 2026-06-02
    days on market $109,000 Active 81 DOM
14. 2026-06-01
    days on market $109,000 Active 80 DOM
15. 2026-05-31
    days on market $109,000 Active 79 DOM
16. 2026-04-30
    price $114,000 370-char remark

    Show marketing remark (370 chars)

    Updated with fresh paint and beautiful flooring throughout, this charming home is a perfect starter home or investment property. Brand new roof, as well as brand new appliances and recently rehabbed kitchen! Enjoy a convenient location near downtown amenities, restaurants, shopping, and everything you need. Great value with plenty of appeal. schedule your showing now!

17. 2026-03-13
    listed $119,000 Active 370-char remark

    Show marketing remark (370 chars)

    Updated with fresh paint and beautiful flooring throughout, this charming home is a perfect starter home or investment property. Brand new roof, as well as brand new appliances and recently rehabbed kitchen! Enjoy a convenient location near downtown amenities, restaurants, shopping, and everything you need. Great value with plenty of appeal. schedule your showing now!

18. 2024-08-28
    historical $1,075
19. 2024-07-14
    listed $1,075
20. 2021-01-12
    soldstatus $74,900
21. 2021-01-08
    soldstatus $75,000 Sold 282-char remark

    Show marketing remark (282 chars)

    Freshly done houme with 3 bedrooms and one bathroom, front porch and back deck. Hardwood floor and tiles, updated bathroom and kitchen with granite counter, freshly painted throughout, fenced level backyard. A few blocks from Crestwood blvd in strong growing Woodlawn neighborhood.

22. 2020-12-28
    historical Contingent 282-char remark

    Show marketing remark (282 chars)

    Freshly done houme with 3 bedrooms and one bathroom, front porch and back deck. Hardwood floor and tiles, updated bathroom and kitchen with granite counter, freshly painted throughout, fenced level backyard. A few blocks from Crestwood blvd in strong growing Woodlawn neighborhood.

23. 2020-12-13
    listed $74,900 Active 282-char remark

    Show marketing remark (282 chars)

    Freshly done houme with 3 bedrooms and one bathroom, front porch and back deck. Hardwood floor and tiles, updated bathroom and kitchen with granite counter, freshly painted throughout, fenced level backyard. A few blocks from Crestwood blvd in strong growing Woodlawn neighborhood.

24. 2016-02-12
    soldstatus $21,000 Sold
25. 2016-01-28
    status Pending
26. 2016-01-14
    price $29,900
27. 2015-12-28
    price $32,900
28. 2015-11-30
    listed $39,900 Active
29. 2002-05-20
    soldstatus $57,400
30. 1981-01-01
    soldstatus $27,324

ⓘ 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: $1,498 · $125/mo
• Projected year-2 tax: $1,498 · $125/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 · 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: $13,428
• − Mortgage interest: −$6,106
• − Property taxes: −$1,498
• − Insurance: −$545
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$3,171
• Taxable loss: −$40
• Est. tax savings @ 24.0%: +$10
• After-tax cash flow: $1,715/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

+317.2% since first listed

15 events — show timeline

• 2026-04-30 Price Changed $114,000 Greater Alabama MLS
• 2026-03-13 Listed $119,000 Greater Alabama MLS
• 2024-08-28 Rental Removed $1,075 APPFOLIO
• 2024-07-14 Listed for Rent $1,075 APPFOLIO
• 2021-01-12 Sold (Public Records) $74,900 Public Records
• 2021-01-08 Sold (MLS) $75,000 Greater Alabama MLS
• 2020-12-28 Contingent — Greater Alabama MLS
• 2020-12-13 Listed $74,900 Greater Alabama MLS
• 2016-02-12 Sold (MLS) $21,000 Greater Alabama MLS
• 2016-01-28 Pending — Greater Alabama MLS
• 2016-01-14 Price Changed $29,900 Greater Alabama MLS
• 2015-12-28 Price Changed $32,900 Greater Alabama MLS
• 2015-11-30 Listed $39,900 Greater Alabama MLS
• 2002-05-20 Sold (Public Records) $57,400 Public Records
• 1981-01-01 Sold (Public Records) $27,324 Public Records

Property tax history

+4.6%/yr

Latest (2025): $1,498 · +0.0% YoY. Source: county tax records.