4300 9th Ave · Birmingham, AL 35224

$130,000

3 bd · 1.0 ba · 1,548 sqft · SingleFamily public records · 20 Days on market

Built 1920 7,405 sqft lot

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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 +16.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.0/10.0
• 1% rule +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Great opportunity for first time home buyer to have their own home plus have $475 in rental income from tenant in above garage apartment (detached). 812 Gulfport is on the same parcel. For an investor, this property brings two income streams. $1100 rental for main home.

Key facts

• Two income streams
• 7,405 sq ft lot
• Garage

Tags

• DETACHED GARAGE APARTMENT
• TWO INCOME STREAMS

Property features AI

Finance

• Other: Lot size approximately 0.17 acres; Subdivision: WYLAM

Exterior

• Parking: Detached garage accessed from the rear; One total garage space (listed as 1 in basement level)
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability unknown
• Home design: Existing single-family property; Basement foundation (partial, all unfinished with poured concrete walls)
• Construction: Siding (other) exterior construction; Basement foundation
• Exterior features: Fenced yard; No pool, patio, decks, or garden/patio noted; Not waterfront

Interior

• Kitchen: Laminate countertops; Electric oven
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood; Hardwood laminate
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Hardwood and hardwood laminate floors; Brick woodburning fireplace in the living room; Ceilings: other (see remarks)
• Laundry & utility: Main-level laundry room with washer hookup and 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 $130k.

Deal economics

• At list price, monthly cash flow is $68 ($820/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 $112k (13.7% below list).
• Recommended offer: $112k (13.7% below list) — sets the bar for 1% rule.

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: Wylam Elementary School (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 371 students, 89% FRL).
• Market conditions: 43 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 59% 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 $899 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 20 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $112,185 (13.7% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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: 0.86% ✗
• Cap rate: 6.92%
• Cash-on-cash: 2.25%
• DSCR: 1.10
• GRM: 9.7

CMA / ARV

• ARV (on-the-fly): $77,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4201 10th Ave	0.11mi	3/1.0	1,344 (-13%)	1mo	$70,000	$52	72
1301 Frisco St	0.34mi	3/1.0	1,650 (+7%)	16mo	$105,894	$64	60
4300 6th Ave	0.23mi	3/1.0	1,380 (-11%)	16mo	$36,000	$26	58
4317 5th Ct	0.26mi	4/2.0 (+1)	1,563 (+1%)	24mo	$70,000	$45	58
4305 6th Ave	0.21mi	3/1.5	1,411 (-9%)	22mo	$75,000	$53	56
1312 Gulfport St	0.35mi	3/1.5	1,376 (-11%)	10mo	$67,500	$49	54
405 Nevada St	0.62mi	4/1.5 (+1)	1,500 (-3%)	10mo	$55,000	$37	51
401 Lexington St	0.52mi	3/1.0	1,410 (-9%)	12mo	$60,000	$43	51
325 Memphis St	0.58mi	3/1.0	1,594 (+3%)	21mo	$80,000	$50	50
1232 Frisco St	0.29mi	4/2.0 (+1)	1,332 (-14%)	7mo	$90,000	$68	48
304 Lexington St	0.59mi	3/1.0	1,334 (-14%)	20mo	$42,000	$31	32
1216 Portland St	0.71mi	3/1.0	1,351 (-13%)	19mo	$121,000	$90	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -12.8%
• Equity multiple: 0.54×
• Total profit: $-16,747
• Equity at exit: $19,383

10-year hold

• IRR: -3.8%
• Equity multiple: 0.75×
• Total profit: $-9,112
• Equity at exit: $11,240

Cash invested: $36,400 (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: 43
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,122 high
• Mortgage (P&I): −$682
• Tax from tax record: −$82 /mo · $985/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $68

Break-even live

Break-even rent $1,035

Max offer price $130,000

Occupancy floor 89%

Sensitivity live

Price	-10% $142	-5% $105	+0% $68	+5% $32	+10% $-5
Rent	-10% $-20	-5% $24	+0% $68	+5% $113	+10% $157
Rate	-1.0pp $134	-0.5pp $101	base $68	+0.5pp $35	+1.0pp $0

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1226 Frisco St Birmingham, AL	4.0	2.0	1232	$1,245	$1.01	12d	1	0.28mi
1232 Frisco St Birmingham, AL	4.0	2.0	1332	$1,295	$0.97	3d	1	0.29mi
1300 Gulfport St Birmingham, AL	3.0	2.0	1778	$1,200	$0.67	44d	1	0.32mi
4623 6th Ave Birmingham, AL	3.0	1.0	1421	$1,175	$0.83	12d	1	0.34mi
1312 Gulfport St Birmingham, AL	3.0	1.5	1376	$1,100	$0.80	44d	1	0.35mi
761 Crowne Rd Birmingham, AL	3.0	2.0	1068	$1,200	$1.12	3d	1	0.49mi
528 Oregon St Birmingham, AL	3.0	1.0	1165	$1,200	$1.03	44d	1	0.69mi
304 Nevada St Birmingham, AL	3.0	1.0	1160	$1,200	$1.03	44d	1	0.70mi
5223 Loop Rd Birmingham, AL	3.0	1.0	1392	$1,100	$0.79	44d	1	0.82mi
3201 Avenue E Birmingham, AL	3.0	1.0	1056	$925	$0.88	44d	1	0.86mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	44d	1	0.86mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	44d	1	0.87mi
521 41st St Fairfield, AL	4.0	2.0	1800	$1,300	$0.72	44d	1	0.91mi
2711 Avenue E Birmingham, AL	2.0	1.0	1560	$800	$0.51	44d	1	1.03mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	44d	1	1.06mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	44d	1	1.16mi
2908 Avenue I Unit I Ensley, AL	3.0	1.0	1383	$1,025	$0.74	24d	1	1.17mi
3100 Avenue J Birmingham, AL	3.0	1.0	1409	$1,000	$0.71	11d	1	1.19mi
2722 Avenue I Unit I Ensley, AL	4.0	1.0	1578	$1,000	$0.63	44d	1	1.22mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	44d	1	1.23mi
518 Oak Pl Fairfield, AL	3.0	1.0	1236	$875	$0.71	20d	1	1.24mi
513 Oak Pl Fairfield, AL	4.0	2.0	1440	$1,300	$0.90	24d	1	1.26mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	44d	1	1.28mi
504 Templeton Rd Birmingham, AL	3.0	2.0	1508	$950	$0.63	4d	1	1.35mi
328 54th St Unit B Fairfield, AL	2.0	1.0	1570	$750	$0.48	44d	1	1.42mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	44d	1	1.42mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	11d	1	1.43mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	4d	1	1.43mi
2520 Avenue L Unit A Birmingham, AL	4.0	1.5	1260	$1,150	$0.91	24d	1	1.47mi

Listing history 13 events

1. 2026-06-21
   days on market $130,000 Active 20 DOM
2. 2026-06-18
   days on market $130,000 Active 17 DOM
3. 2026-06-17
   days on market $130,000 Active 16 DOM
4. 2026-06-16
   days on market $130,000 Active 15 DOM
5. 2026-06-15
   days on market $130,000 Active 14 DOM
6. 2026-06-13
   pricedays on market $130,000 Active 12 DOM
7. 2026-06-10
   days on market $135,000 Active 9 DOM
8. 2026-06-09
   days on market $135,000 Active 8 DOM
9. 2026-06-08
   days on market $135,000 Active 7 DOM
10. 2026-06-07
    days on market $135,000 Active 6 DOM
11. 2026-06-03
    days on market $135,000 Active 2 DOM
12. 2026-06-02
    remarks 270-char remark
13. 2026-06-02
    listed $135,000 Active 1 DOM

ⓘ 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: $985 · $82/mo
• Projected year-2 tax: $985 · $82/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $13,462
• − Mortgage interest: −$7,282
• − Property taxes: −$985
• − Insurance: −$650
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$3,782
• Taxable loss: −$1,390
• Est. tax savings @ 24.0%: +$334
• After-tax cash flow: $1,153/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

-71.0% since first listed

11 events — show timeline

• 2026-06-01 Listed $135,000 Greater Alabama MLS
• 2025-05-28 Rental Removed $875 GALMLS
• 2025-05-21 Price Changed $875 GALMLS
• 2025-05-08 Price Changed $925 GALMLS
• 2025-03-18 Price Changed $975 GALMLS
• 2025-02-19 Price Changed $1,000 GALMLS
• 2025-01-05 Price Changed $1,050 GALMLS
• 2024-12-28 Listed for Rent $1,100 GALMLS
• 2024-12-28 Rental Removed $1,100 BUILDIUM
• 2024-12-05 Listed for Rent $1,100 BUILDIUM
• 2021-02-11 Sold (Public Records) $465,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $985 · +0.0% YoY. Source: county tax records.