2694 Ray St, Birmingham, AL 35224#

Birmingham, AL 35224 | Jefferson County

Key Metrics#

MetricValue
Investment Score76/100
Asking Price$17,500
Acreage4.9 acres
Price/Acre$3,593/ac
County Median $/Ac$22,727/ac
vs County Median15.8%
Days on Market340
Flood ZoneUnknown
HOAUnknown
BrokerDalton Wade, Inc.
Listing TypeFSBA

Motivation Signals#

  • 340 days on market
  • Price dropped $1,000
  • Absentee owner

Owner Information (ATTOM)#

FieldValue
OwnerCHEAP LANDS INC
Mailing AddressPO BOX 881655, PORT ST LUCIE, FL 34988-1655
Assessed Value$3,140
Market Value$15,700
Annual Tax$157 (2025)
Last Sale$447 (2023-08-16)
Parcel #21-00-26-4-001-005.009
ZoningCommercial
LegalCOM AT NW COR OF SE 1/4 TH E 420 FT TH S 330 FT TO POB TH E 48 FT TH SELY 180.6 FT TH S 3.5 TH E 150 FT TH N 100 FT TH E 117.

Asking/Assessed Ratio: 5.57 (above assessed)

Offer Strategy#

LevelOffer Price% of Asking
Aggressive$8,75050%
Standard$10,50060%
Conservative$12,25070%

Owner-Finance Projections#

Based on buying at $10,500 (standard offer), selling at 10% interest over 7 years

MetricValue
Sale Price (2.5x)$26,250
Down Payment (15%)$3,937
Financed Amount$22,313
Monthly Payment$370
Total Cash Received$35,052
Total Invested$10,900
Gross Profit$24,152
ROI222%