57 18th Ave S · Birmingham, AL 35205

$115,000

3 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 133 Days on market

Built 1951 5,227 sqft lot Est $146k · 21% under

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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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +6.2/10.0
• Livability +3.4/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This cute home has so much to offer. It is conveniently located near downtown, UAB and Interstates! Updated and pretty! The flat, fenced back yard has shade trees, a detached carport and storage building. You must see this home! Hurry! THIS PROPERTY IS ELIGIBLE UNDER THE FREDDIE MAC FIRST LOOK INITIATIVE THROUGH 07/07/2014.

Key facts

• Fenced back yard
• Detached carport
• Shade trees

Tags

• FENCED BACK YARD
• SHADE TREES
• DETACHED CARPORT
• STORAGE BUILDING
• CONVENIENTLY LOCATED NEAR UAB

Property features AI

Finance

• Other: Property in Titusville subdivision; Lot size approximately 0.12 acres
• Financial info: Has down payment assistance available

Exterior

• Parking: Driveway parking; Off-street parking; One carport space
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Existing residence; Single-story layout (all principal rooms listed at level 1)
• Construction: Wood siding construction; Crawl space foundation
• Exterior features: Fenced yard; Storage building

Interior

• Kitchen: Stone countertops
• Bedrooms: Three bedrooms on the main level
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: Two full bathrooms (tub/shower combo)
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings noted as 'Other' (see remarks); Interior currently listed with no additional built-in features
• Laundry & utility: Laundry on main level with washer hookup; Electric dryer hookup; Laundry located in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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: Glen Iris Elementary School (math 4% / reading 19%, grade F, #556 of 627 statewide, top 89%, 731 students, 78% FRL); Parker High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 826 students, 90% FRL) — zoned schools at 84% FRL track the district average.
• Market conditions: Rents rising (+2.6%/yr); 125 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 30% of the median local income ($51k/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 $795 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 133 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y ago; this cycle's ask is 7% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $97k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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: 1.12% ✓
• Cap rate: 9.00%
• Cash-on-cash: 9.67%
• DSCR: 1.43
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $146,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1724 1st Pl S	0.12mi	3/1.0	1,250 (+4%)	1mo	$85,000	$68	86
629 Center Pl SW	0.29mi	3/1.0	1,197 (-0%)	7mo	$65,500	$55	80
27 20th Ave S	0.16mi	3/2.0	1,196 (-0%)	11mo	$35,000	$29	79
728 Center Pl SW	0.29mi	3/1.0	1,143 (-5%)	1mo	$140,000	$122	78
1724 Center St S	0.23mi	3/2.0	1,250 (+4%)	4mo	$175,493	$140	75
45 5th Ct	0.40mi	3/2.0	1,200 (0%)	6mo	$152,500	$127	73
741 Center Pl	0.25mi	3/1.0	1,101 (-8%)	2mo	$141,000	$128	72
2019 Hollins Dr	0.25mi	3/2.0	1,120 (-7%)	5mo	$165,000	$147	69
417 Goldwire St SW	0.52mi	3/1.0	1,107 (-8%)	2mo	$95,000	$86	61
216 S 3rd Ave	0.65mi	3/1.0	1,143 (-5%)	2mo	$75,000	$66	60
121 11th Ave SW	0.52mi	3/1.0	1,038 (-14%)	2mo	$88,000	$85	51
600 10th Ct S	0.70mi	3/1.0	1,356 (+13%)	3mo	$180,000	$133	43

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: -2.2%
• Equity multiple: 0.92×
• Total profit: $-2,648
• Equity at exit: $17,147

10-year hold

• IRR: 7.1%
• Equity multiple: 1.52×
• Total profit: $16,801
• Equity at exit: $9,943

Cash invested: $32,200 (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 35205

• Rents YoY: 2.6%
• Active inventory: 125
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,291 high
• Mortgage (P&I): −$603
• Tax from tax record: −$110 /mo · $1,315/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $259

Break-even live

Break-even rent $963

Max offer price $115,000

Occupancy floor 75%

Sensitivity live

Price	-10% $324	-5% $292	+0% $259	+5% $227	+10% $194
Rent	-10% $157	-5% $208	+0% $259	+5% $310	+10% $361
Rate	-1.0pp $317	-0.5pp $289	base $259	+0.5pp $230	+1.0pp $199

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	16d	1	0.27mi
806 Gamma St S Birmingham, AL	3.0	1.0	1252	$1,200	$0.96	44d	1	0.28mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	44d	1	0.37mi
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	44d	1	0.52mi
407 Green Springs Ave S Birmingham, AL	2.0	1.0	866	$2,000	$2.31	2d	1	0.56mi
609 Idlewild Cir Apt B Birmingham, AL	2.0	1.0	705	$875	$1.24	3d	1	0.66mi
313 Beta St S Unit 317A Birmingham, AL	2.0	1.0	850	$799	$0.94	2d	1	0.66mi
310 Gamma St S Birmingham, AL	3.0	1.5	1001	$1,200	$1.20	16d	1	0.67mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	21d	1	0.69mi
2217-2249 Green Springs Hwy Unit 2249-E Birmingham, AL	2.0	1.0	900	$910	$1.01	44d	1	0.69mi
506 Alpha St S Birmingham, AL	3.0	1.0	944	$1,373	$1.45	44d	1	0.69mi
261 3rd Ave SW Birmingham, AL	1.0–2.0	1.0	634	$850	$1.34	3d	14	0.71mi
691 Idlewild Cir Birmingham, AL	2.0	2.0	777	$1,382	$1.78	3d	3	0.75mi
112 Kappa Ave S Birmingham, AL	3.0	2.0	1034	$1,100	$1.06	44d	1	0.76mi
1010 Beacon Pkwy E Birmingham, AL	1.0–2.0	1.0–2.0	945	$2,275	$2.41	2d	18	0.85mi
1120 Beacon Pkwy E #408 Birmingham, AL	2.0	2.0	1482	$1,950	$1.32	2d	1	0.93mi
1101 10th Pl S Birmingham, AL	1.0–2.0	1.0–2.0	986	$1,825	$1.85	3d	11	0.95mi
1229 Beacon Pkwy E Birmingham, AL	1.0–3.0	1.0–2.0	1130	$1,200	$1.06	3d	16	0.96mi
925 Beacon Pkwy E Birmingham, AL	1.0–3.0	1.0–2.0	1259	$1,199	$0.95	44d	1	1.01mi
1639 11th Pl S Unit K Birmingham, AL	2.0	1.0	845	$875	$1.04	12d	1	1.04mi
1639 11th Pl S Apt D Birmingham, AL	2.0	1.0	845	$895	$1.06	12d	1	1.04mi
834 Golden Gate Ln Birmingham, AL	1.0–3.0	1.0–2.0	1050	$1,450	$1.38	44d	12	1.05mi
834 Golden Gate Ln Birmingham, AL	1.0–3.0	1.0–2.0	1050	$1,400	$1.33	2d	13	1.05mi
1131 16th Ave S Unit A Birmingham, AL	2.0	1.0	900	$1,215	$1.35	3d	1	1.05mi
401 Skyview Dr Birmingham, AL	2.0	1.0	864	$950	$1.10	44d	1	1.06mi
1413 11th Pl S Birmingham, AL	2.0	1.0	829	$1,282	$1.55	44d	4	1.06mi
1144 16th Ave S Birmingham, AL	1.0–2.0	1.0–1.5	720	$1,119	$1.55	3d	6	1.10mi
840 Beacon Pkwy E Unit C Birmingham, AL	2.0	1.0	925	$1,200	$1.30	44d	1	1.10mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	24d	1	1.13mi
1644 12th St S Birmingham, AL	1.0–2.0	1.0	674	$1,222	$1.81	2d	2	1.14mi
1640 12th St S Unit 1640-J Birmingham, AL	2.0	1.0	760	$1,070	$1.41	21d	1	1.14mi
513 Valley Ave Birmingham, AL	3.0	1.0–2.0	1012	$1,400	$1.38	44d	1	1.16mi
915 Valley Ridge Dr Birmingham, AL	1.0–3.0	1.0–2.5	1087	$1,660	$1.53	2d	34	1.16mi
1425 13th St S Unit A Birmingham, AL	2.0	1.0	1368	$1,450	$1.06	44d	1	1.27mi
316 Beacon Crest Ln Birmingham, AL	1.0–2.0	1.0	850	$1,099	$1.29	2d	7	1.28mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	44d	1	1.31mi
1417 13th Pl S Birmingham, AL	2.0	2.0	1245	$1,950	$1.57	21d	1	1.33mi
1322 15th Ave S Unit 1328-A Birmingham, AL	2.0	1.0	756	$1,135	$1.50	16d	1	1.34mi
1322 15th Ave S Unit 1330-D Birmingham, AL	2.0	1.0	756	$1,128	$1.49	21d	1	1.34mi
1322 15th Ave S Unit 1326-F Birmingham, AL	2.0	1.0	756	$1,134	$1.50	16d	1	1.34mi

Listing history 23 events

1. 2026-06-18
   days on market $115,000 Active 133 DOM
2. 2026-06-17
   days on market $115,000 Active 132 DOM
3. 2026-06-16
   days on market $115,000 Active 131 DOM
4. 2026-06-15
   pricedays on market $115,000 Active 130 DOM
5. 2026-06-13
   days on market $120,000 Active 128 DOM
6. 2026-06-10
   days on market $120,000 Active 125 DOM
7. 2026-06-09
   days on market $120,000 Active 124 DOM
8. 2026-06-08
   days on market $120,000 Active 123 DOM
9. 2026-06-07
   days on market $120,000 Active 122 DOM
10. 2026-06-03
    days on market $120,000 Active 118 DOM
11. 2026-06-02
    days on market $120,000 Active 117 DOM
12. 2026-06-01
    days on market $120,000 Active 116 DOM
13. 2026-05-31
    days on market $120,000 Active 115 DOM
14. 2026-05-18
    status Active
15. 2026-04-24
    historical Contingent
16. 2026-02-10
    price $120,000
17. 2026-02-05
    listed $107,500 Active
18. 2024-08-08
    historical $1,125
19. 2024-08-02
    listed $1,125
20. 2019-01-24
    soldstatus $97,000
21. 2018-10-30
    soldstatus $56,000
22. 2014-07-23
    soldstatus $22,100 325-char remark

    Show marketing remark (325 chars)

    This cute home has so much to offer. It is conveniently located near downtown, UAB and Interstates! Updated and pretty! The flat, fenced back yard has shade trees, a detached carport and storage building. You must see this home! Hurry! THIS PROPERTY IS ELIGIBLE UNDER THE FREDDIE MAC FIRST LOOK INITIATIVE THROUGH 07/07/2014.

23. 2014-06-18
    listed $19,900 325-char remark

    Show marketing remark (325 chars)

    This cute home has so much to offer. It is conveniently located near downtown, UAB and Interstates! Updated and pretty! The flat, fenced back yard has shade trees, a detached carport and storage building. You must see this home! Hurry! THIS PROPERTY IS ELIGIBLE UNDER THE FREDDIE MAC FIRST LOOK INITIATIVE THROUGH 07/07/2014.

ⓘ 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: $1,315 · $110/mo
• Projected year-2 tax: $1,315 · $110/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 20 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: $15,493
• − Mortgage interest: −$6,442
• − Property taxes: −$1,315
• − Insurance: −$575
• − Repairs & maintenance: −$1,239
• − Management: −$1,239
• − Depreciation: −$3,345
• Taxable income: $1,337
• Est. tax owed @ 24.0%: −$321
• After-tax cash flow: $2,792/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): 18,858
• Household income: $51,158
• Rent vs Own: 67.2% rent · 32.8% own
• Severe rent burden: 1468.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 26% Hispanic / Latino 5% Asian 5% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -199.42%
• Current HPI: 291.38
• Rent YoY: ▲ 2.59%
• 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

+503.0% since first listed

10 events — show timeline

• 2026-05-18 Relisted — Greater Alabama MLS
• 2026-04-24 Contingent — Greater Alabama MLS
• 2026-02-10 Price Changed $120,000 Greater Alabama MLS
• 2026-02-05 Listed $107,500 Greater Alabama MLS
• 2024-08-08 Rental Removed $1,125 SHOWMOJO
• 2024-08-02 Listed for Rent $1,125 SHOWMOJO
• 2019-01-24 Sold (Public Records) $97,000 Public Records
• 2018-10-30 Sold (Public Records) $56,000 Public Records
• 2014-07-23 Sold (MLS) $22,100 Greater Alabama MLS
• 2014-06-18 Listed $19,900 Greater Alabama MLS

Property tax history

+5.6%/yr

Latest (2025): $1,315 · +7.0% YoY. Source: county tax records.