1211 15th Ct N · Birmingham, AL 35204

$50,000

2 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 135 Days on market

Built 1910 2,613 sqft lot $46/sqft · 18% below area Est $61k · 18% under

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +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

Listing remarks MLS

Great investment opportunity in Birmingham! This well-maintained 2-bedroom, 1-bath home offers strong rental potential and low-maintenance living. Featuring a functional layout, comfortable living space, and durable finishes throughout, this property is ideal for investors seeking steady cash flow or a turnkey rental. Conveniently located near downtown Birmingham, UAB, shopping, dining, and major interstates, providing easy access for tenants. Whether you’re expanding your portfolio or looking for a solid entry-level investment, this property checks all the boxes.

Key facts

• Durable finishes
• Functional layout
• Conveniently located

Tags

• INVESTMENT OPPORTUNITY
• STRONG RENTAL POTENTIAL
• LOW MAINTENANCE LIVING
• FUNCTIONAL LAYOUT
• DURABLE FINISHES
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $422 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($911 rent vs $50k).
• Recommended offer: $44k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.4% 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-, 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: 65 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 31% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $666 of equity ($346 loan paydown + $320 appreciation (0.6% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (0.6% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $14k; list at $50k implies a 245% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $44,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 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 1910 — 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: 1.82% ✓
• Cap rate: 16.42%
• Cash-on-cash: 36.17%
• DSCR: 2.61
• GRM: 4.6

CMA / ARV

• ARV (median comp): $60,858
• List price: $50,000
• Delta: -17.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1629 4th St N	0.35mi	3/1.0 (+1)	1,108 (+2%)	11mo	$99,999	$90	67
1305 11th St N	0.29mi	3/1.0 (+1)	1,148 (+5%)	9mo	$25,000	$22	66
1319 16th St N	0.24mi	2/1.0	1,204 (+10%)	10mo	$35,000	$29	63
1626 19th St N	0.30mi	3/1.0 (+1)	1,242 (+14%)	8mo	$40,000	$32	51
2212 20th St N	0.56mi	3/1.0 (+1)	1,141 (+4%)	13mo	$45,000	$39	50
2107 16th Ave N	0.65mi	3/1.0 (+1)	1,120 (+3%)	18mo	$115,000	$103	45
2208 N 14th Ave	0.65mi	2/1.0	1,170 (+7%)	17mo	$180,000	$154	44
1614 11th Ct N	0.48mi	3/1.0 (+1)	1,244 (+14%)	18mo	$40,000	$32	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 38.0%
• Equity multiple: 2.92×
• Total profit: $26,923
• Equity at exit: $16,142

10-year hold

• IRR: 40.5%
• Equity multiple: 5.74×
• Total profit: $66,319
• Equity at exit: $20,751

Cash invested: $14,000 (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 35204

• Home prices YoY: 0.3%
• Active inventory: 65
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $911 high
• Mortgage (P&I): −$262
• Tax from tax record: −$15 /mo · $178/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $422

Break-even live

Break-even rent $377

Max offer price $50,000

Occupancy floor 49%

Sensitivity live

Price	-10% $450	-5% $436	+0% $422	+5% $408	+10% $394
Rent	-10% $350	-5% $386	+0% $422	+5% $458	+10% $494
Rate	-1.0pp $447	-0.5pp $435	base $422	+0.5pp $409	+1.0pp $396

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1500 12th St N Birmingham, AL	2.0	1.0	750	$800	$1.07	24d	1	0.07mi
1608 18th Pl N Birmingham, AL	3.0	2.0	1243	$950	$0.76	44d	1	0.22mi
1802 14th Ct N Birmingham, AL	2.0	1.0	700	$850	$1.21	20d	1	0.25mi
1317 11th St N Birmingham, AL	3.0	1.0	1340	$1,200	$0.90	44d	1	0.27mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	17d	1	0.29mi
1906 15th Ct N Birmingham, AL	2.0	1.0	1311	$1,000	$0.76	24d	1	0.32mi
1305 16th St N Unit 1305 D Birmingham, AL	2.0	1.0	825	$595	$0.72	24d	1	0.32mi
353 16th Ave N Birmingham, AL	3.0	1.0	1200	$995	$0.83	44d	1	0.35mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.41mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.44mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.44mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	44d	1	0.45mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.45mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.45mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	0.45mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	0.45mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.45mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	0.45mi
1576 20th St N Apt D Birmingham, AL	2.0	1.0	900	$725	$0.81	44d	1	0.48mi
1428 F L Shuttlesworth Dr Fl Shuttlesworth Birmingham, AL	2.0	1.0	803	$825	$1.03	24d	3	0.49mi
1113 15th St N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	0.52mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	44d	1	0.56mi
1911 19th Ct N Apt 1 Birmingham, AL	2.0	1.0	750	$845	$1.13	12d	1	0.66mi
1153 2nd St N Birmingham, AL	3.0	1.0	1056	$1,150	$1.09	20d	1	0.69mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	0.73mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	0.79mi
2400 19th Ave N Unit B Birmingham, AL	2.0	1.0	750	$850	$1.13	22d	1	0.82mi
2413 14th Ave N Birmingham, AL	2.0	1.0	720	$675	$0.94	2d	3	0.84mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	3d	1	0.92mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	11d	1	0.92mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	4d	1	0.92mi
1400 7th Ave N Birmingham, AL	1.0	1.0	730	$961	$1.32	24d	3	0.96mi
2608 20th Ave N Birmingham, AL	2.0	1.0	750	$895	$1.19	44d	1	1.02mi
2608 20th Ave N Unit 5 Birmingham, AL	2.0	1.0	750	$875	$1.17	44d	1	1.02mi
600 19th St N Unit 601 Birmingham, AL	2.0	2.0	1001	$2,544	$2.54	12d	1	1.07mi
600 19th St N Apt 202 Birmingham, AL	3.0	2.0	1248	$3,050	$2.44	12d	1	1.07mi
600 19th St N Unit 604 Birmingham, AL	2.0	2.0	1001	$2,895	$2.89	12d	1	1.07mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–3.0	1398	$3,008	$2.15	20d	83	1.08mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–2.0	1120	$2,725	$2.43	17d	30	1.08mi
1625 29th Ave N Birmingham, AL	3.0	2.0	1140	$1,200	$1.05	17d	1	1.21mi

Listing history 16 events

1. 2026-06-21
   days on market $50,000 Active 135 DOM
2. 2026-06-18
   days on market $50,000 Active 132 DOM
3. 2026-06-17
   days on market $50,000 Active 131 DOM
4. 2026-06-16
   days on market $50,000 Active 130 DOM
5. 2026-06-15
   days on market $50,000 Active 129 DOM
6. 2026-06-13
   days on market $50,000 Active 127 DOM
7. 2026-06-10
   days on market $50,000 Active 124 DOM
8. 2026-06-09
   days on market $50,000 Active 123 DOM
9. 2026-06-08
   days on market $50,000 Active 122 DOM
10. 2026-06-07
    days on market $50,000 Active 121 DOM
11. 2026-06-03
    days on market $50,000 Active 117 DOM
12. 2026-06-02
    days on market $50,000 Active 116 DOM
13. 2026-06-01
    days on market $50,000 Active 115 DOM
14. 2026-05-31
    days on market $50,000 Active 114 DOM
15. 2026-02-06
    listed $50,000 Active 576-char remark

    Show marketing remark (576 chars)

    Great investment opportunity in Birmingham! This well-maintained 2-bedroom, 1-bath home offers strong rental potential and low-maintenance living. Featuring a functional layout, comfortable living space, and durable finishes throughout, this property is ideal for investors seeking steady cash flow or a turnkey rental. Conveniently located near downtown Birmingham, UAB, shopping, dining, and major interstates, providing easy access for tenants. Whether you’re expanding your portfolio or looking for a solid entry-level investment, this property checks all the boxes.

16. 1985-06-06
    soldstatus $14,500

ⓘ 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: $178 · $15/mo
• Projected year-2 tax: $205 · $17/mo
• Expected delta: +$27/yr (+$2/mo · 14.9%)

ⓘ 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 6 d/yr ≥106°F today · 17 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: $10,935
• − Mortgage interest: −$2,801
• − Property taxes: −$178
• − Insurance: −$250
• − Repairs & maintenance: −$875
• − Management: −$875
• − Depreciation: −$1,455
• Taxable income: $4,501
• Est. tax owed @ 24.0%: −$1,080
• After-tax cash flow: $3,983/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): 8,953
• Household income: $35,420
• Rent vs Own: 53.8% rent · 46.2% own
• Severe rent burden: 422.0

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 5% Two or more races 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

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: ▲ 0.64%
• Current HPI: 201.0777
• 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

+244.8% since first listed

2 events — show timeline

• 2026-02-06 Listed $50,000 Greater Alabama MLS
• 1985-06-06 Sold (Public Records) $14,500 Public Records

Property tax history

+4.4%/yr

Latest (2025): $178 · +0.0% YoY. Source: county tax records.