937 Avenue · Birmingham, AL 35214

$19,999

3 bd · 1.0 ba · 1,184 sqft · SingleFamily public records · 38 Days on market

Built 1940 4,356 sqft lot $17/sqft · 68% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor special! This 3BR/1BA home is priced to move and perfect for investors, flippers, or buy-and-hold landlords looking to add to their portfolio in the Birmingham area. Sold strictly as-is. Cash or hard money only. Buyer to verify all information including square footage, schools, and room dimensions. No repairs will be made by seller. Contact listing agent for access.

Key facts

• 4,356 sq ft lot
• Built 1940
• Listed 38 days

Property features AI

Finance

• Other: Lot size about 0.1 acre

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Underground utilities; Internet service availability unknown
• Home design: Existing structure; Siding (wood)
• Construction: Crawl space foundation; Wood siding construction
• Exterior features: No pool, patio, decks, or garden/patio; Not waterfront; Flood plain: no

Interior

• Kitchen: Kitchen on main level
• Bedrooms: Three bedrooms on main level
• Flooring: Subflooring
• Bathrooms: One full bathroom on main level
• Heating & cooling: No heating; No air conditioning
• Interior features: Handyman special; Subflooring; Masonry wood-burning fireplace in the living room; Ceilings listed as other (see remarks)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $820 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $19k (3.0% below list) — sets the bar for market timing.
• Cap rate 55.5% 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: South Hampton K8 (math 4% / reading 22%, grade F, #532 of 627 statewide, top 85%, 513 students, 86% FRL) — zoned schools at 86% FRL track the district average.
• Market conditions: Rents flat; 116 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $138 of loan paydown is wiped out by about $600 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 + 0.7% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($19k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $10k; list at $20k implies a 111% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $19,399 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 1940 — 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. 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?
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: 6.04% ✓
• Cap rate: 55.48%
• Cash-on-cash: 175.67%
• DSCR: 8.82
• GRM: 1.4

CMA / ARV

• ARV (median comp): $61,904
• List price: $19,999
• Delta: -67.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1921 10th St	0.19mi	3/1.0	1,120 (-5%)	2mo	$85,000	$76	81
916 Avenue	0.38mi	3/1.5	1,170 (-1%)	8mo	$112,000	$96	72
924 6th Way	0.36mi	3/1.0	1,192 (+1%)	14mo	$72,000	$60	71
1005 6th Pl	0.41mi	3/2.0	1,121 (-5%)	1mo	$149,900	$134	68
800 7th St	0.21mi	3/1.0	1,250 (+6%)	16mo	$76,000	$61	67
925 Avenue F	0.27mi	3/1.0	1,036 (-12%)	2mo	$13,000	$13	65
1328 Avenue I	0.54mi	3/1.0	1,223 (+3%)	12mo	$51,500	$42	60
1249 Avenue M	0.40mi	3/2.0	1,144 (-3%)	18mo	$30,000	$26	57
1104 Avenue	0.49mi	4/2.0 (+1)	1,200 (+1%)	13mo	$15,100	$13	55
801 6th Pl	0.34mi	3/1.0	1,040 (-12%)	14mo	$63,000	$61	52
1408 Avenue D	0.73mi	3/1.0	1,320 (+12%)	2mo	$67,000	$51	46
204 5th Way	0.65mi	3/1.0	1,051 (-11%)	8mo	$80,000	$76	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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.27×
• Total profit: $46,300
• Equity at exit: $2,982

10-year hold

• IRR: —
• Equity multiple: 18.34×
• Total profit: $97,081
• Equity at exit: $1,729

Cash invested: $5,600 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,207 high
• Mortgage (P&I): −$105
• Tax from tax record: −$21 /mo · $249/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $820

Break-even live

Break-even rent $170

Max offer price $19,999

Occupancy floor 27%

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: $5,000
• Closing costs: $600
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	44d	1	0.53mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	3d	1	0.53mi
1316 Court R Birmingham, AL	3.0	1.0	904	$900	$1.00	10d	1	0.60mi
204 5th Way Birmingham, AL	3.0	1.5	1051	$1,100	$1.05	21d	1	0.67mi
1825 18th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1316	$1,123	$0.85	44d	1	0.69mi
1520 Avenue G Unit G Birmingham, AL	4.0	1.0	1231	$1,100	$0.89	44d	1	0.71mi
820 17th Street Ensley Birmingham, AL	3.0	2.0	1336	$1,250	$0.94	44d	1	0.74mi
1701 Avenue I Unit I Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	0.76mi
811 17th Aly Birmingham, AL	4.0	1.0	1146	$1,050	$0.92	10d	1	0.79mi
315 Avenue U Birmingham, AL	3.0	1.0	1088	$1,200	$1.10	3d	1	0.80mi
1720 Cullman Ave Unit 2 Birmingham, AL	3.0	1.0	1174	$899	$0.77	21d	1	0.98mi
1720 Cullman Ave Unit 3 Birmingham, AL	3.0	2.0	1174	$950	$0.81	44d	1	0.98mi
2661 Bush Blvd Birmingham, AL	3.0	2.0	1024	$1,200	$1.17	44d	1	0.99mi
2356 22nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1500	$985	$0.66	23d	1	1.00mi
2621 20th Street Ensley Birmingham, AL	3.0	1.0	1117	$1,295	$1.16	44d	1	1.02mi
2609 20th Street Ensley Birmingham, AL	3.0	2.0	1500	$1,550	$1.03	3d	1	1.02mi
2609 20th Street Ensley Birmingham, AL	3.0	2.0	1229	$1,550	$1.26	44d	1	1.02mi
1001 21st Street Ensley Unit B Birmingham, AL	2.0	1.0	700	$725	$1.04	16d	1	1.02mi
2337 23rd Street Ensley Birmingham, AL	3.0	1.0	1446	$1,295	$0.90	44d	1	1.07mi
1521 22nd Street Ensley Unit B Birmingham, AL	2.0	1.0	750	$875	$1.17	23d	1	1.08mi
2426 Avenue U Unit U Birmingham, AL	3.0	2.0	1260	$1,175	$0.93	19d	1	1.11mi
3113 Pike Rd Birmingham, AL	3.0	2.0	1143	$1,275	$1.12	44d	1	1.12mi
1642 Graymont Ave W Birmingham, AL	3.0	1.0	1219	$1,090	$0.89	3d	1	1.13mi
1411 Magnolia Dr Unit 1411 Birmingham, AL	2.0	1.0	867	$950	$1.10	44d	1	1.17mi
2108 25th Street Ensley Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	44d	1	1.17mi
2213 25th Street Ensley Birmingham, AL	4.0	2.0	1197	$1,150	$0.96	10d	1	1.21mi
2720 23rd Street Ensley Birmingham, AL	4.0	2.0	1350	$1,500	$1.11	3d	1	1.22mi
1609 Pike Rd Birmingham, AL	2.0	1.5	820	$800	$0.98	19d	5	1.25mi
2712 24th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1232	$1,099	$0.89	23d	1	1.26mi
2037 26th Street Ensley Birmingham, AL	3.0	1.0	1074	$995	$0.93	44d	1	1.27mi
128 Thomas Cir Birmingham, AL	3.0	1.0	777	$2,550	$3.28	44d	1	1.27mi
2610 Avenue P Birmingham, AL	3.0	2.0	1014	$850	$0.84	44d	1	1.31mi
213 Beech Ave Birmingham, AL	3.0	1.0	1288	$1,000	$0.78	19d	1	1.33mi
2304 Eufaula Ave Birmingham, AL	3.0	1.0	1381	$980	$0.71	44d	1	1.36mi
225 Bayberry Rd Birmingham, AL	3.0	1.0	1496	$1,261	$0.84	19d	1	1.37mi
2520 Avenue L Unit A Birmingham, AL	4.0	1.5	1260	$1,150	$0.91	23d	1	1.37mi
528 Lamplighter Ln Birmingham, AL	3.0	1.0	1114	$1,220	$1.10	3d	1	1.37mi
1521 27th Street Ensley Birmingham, AL	3.0	2.0	1120	$1,000	$0.89	44d	1	1.38mi
2309 Eufaula Ave Birmingham, AL	4.0	2.0	1454	$1,395	$0.96	23d	1	1.38mi
1616 28th Street Ensley Birmingham, AL	3.0	1.0	1081	$1,100	$1.02	44d	1	1.38mi

Listing history 15 events

1. 2026-06-18
   days on market $19,999 Active 38 DOM
2. 2026-06-17
   days on market $19,999 Active 37 DOM
3. 2026-06-16
   days on market $19,999 Active 36 DOM
4. 2026-06-15
   days on market $19,999 Active 35 DOM
5. 2026-06-13
   days on market $19,999 Active 33 DOM
6. 2026-06-10
   days on market $19,999 Active 30 DOM
7. 2026-06-09
   days on market $19,999 Active 29 DOM
8. 2026-06-08
   days on market $19,999 Active 28 DOM
9. 2026-06-07
   days on market $19,999 Active 27 DOM
10. 2026-06-03
    days on market $19,999 Active 23 DOM
11. 2026-06-02
    days on market $19,999 Active 22 DOM
12. 2026-06-01
    days on market $19,999 Active 21 DOM
13. 2026-05-31
    days on market $19,999 Active 20 DOM
14. 2026-05-11
    listed $30,000 Active 377-char remark
15. 1973-01-01
    soldstatus $9,500

ⓘ 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: $249 · $21/mo
• Projected year-2 tax: $249 · $21/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 4/10 Moderate
• 🌡 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: $14,487
• − Mortgage interest: −$1,120
• − Property taxes: −$249
• − Insurance: −$100
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$582
• Taxable income: $10,118
• Est. tax owed @ 24.0%: −$2,428
• After-tax cash flow: $7,409/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): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

+110.5% since first listed

3 events — show timeline

• 2026-05-27 Price Changed $19,999 Greater Alabama MLS
• 2026-05-11 Listed $30,000 Greater Alabama MLS
• 1973-01-01 Sold (Public Records) $9,500 Public Records

Property tax history

+0.9%/yr

Latest (2025): $249 · +0.0% YoY. Source: county tax records.