3514 17th Ave N · Birmingham, AL 35234

$49,000

3 bd · 1.0 ba · 1,521 sqft · SingleFamily public records · 445 Days on market

Built 1930 6,098 sqft lot $32/sqft · 40% below area Est $82k · 40% 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
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

Key facts

• Cozy den
• Charming fireplace
• Generous living room

Tags

• SPACIOUS LAYOUT
• GENEROUS LIVING ROOM
• COZY DEN
• CHARMING FIREPLACE
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $802 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $49k).
• Recommended offer: $43k (12.0% below list) — sets the bar for market timing.
• Cap rate 25.9% 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: 54 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $339 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 445 days — a 12% lower offer ($43k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y ago; this cycle's ask has dropped $59k (55%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1930 — 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 $43,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 445 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 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 3.11% ✓
• Cap rate: 25.92%
• Cash-on-cash: 70.11%
• DSCR: 4.12
• GRM: 2.7

CMA / ARV

• ARV (median comp): $82,033
• List price: $49,000
• Delta: -40.27%
• 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
3514 17th Ave N	0.00mi	3/1.0	1,521 (0%)	1mo	$39,500	$26	99
3535 17th Ave N	0.05mi	3/1.0	1,525 (+0%)	2mo	$55,000	$36	95
3624 Norwood Blvd	0.20mi	3/1.0	1,504 (-1%)	3mo	$80,000	$53	86
3600 15th Ave N	0.12mi	3/1.0	1,493 (-2%)	8mo	$70,000	$47	85
43 Norwood Cir	0.20mi	3/1.0	1,440 (-5%)	2mo	$177,000	$123	81
1528 36th Pl N	0.12mi	3/2.0	1,454 (-4%)	6mo	$245,000	$169	79
1405 34th St	0.29mi	2/1.0 (-1)	1,574 (+4%)	0mo	$45,000	$29	76
3631 15th Ave	0.19mi	3/1.0	1,472 (-3%)	14mo	$83,000	$56	74
1405 34th St N	0.29mi	2/1.0 (-1)	1,574 (+4%)	4mo	$45,000	$29	72
3627 15th Ave	0.18mi	3/2.0	1,644 (+8%)	8mo	$115,000	$70	67
3100 Norwood Blvd	0.51mi	4/2.0 (+1)	1,598 (+5%)	12mo	$155,000	$97	49
1431 28th St N	0.74mi	4/2.0 (+1)	1,746 (+15%)	6mo	$209,900	$120	27

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: 69.7%
• Equity multiple: 4.15×
• Total profit: $43,176
• Equity at exit: $7,306

10-year hold

• IRR: 73.7%
• Equity multiple: 8.55×
• Total profit: $103,589
• Equity at exit: $4,237

Cash invested: $13,720 (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 35234

• Home prices YoY: -3.8%
• Active inventory: 54
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,523 high
• Mortgage (P&I): −$257
• Tax from tax record: −$124 /mo · $1,494/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $802

Break-even live

Break-even rent $509

Max offer price $49,000

Occupancy floor 42%

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: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1720 34th Pl N Birmingham, AL	3.0	3.0	1861	$2,200	$1.18	2d	1	0.12mi
1515 36th Pl N Birmingham, AL	3.0	2.0	1204	$1,273	$1.06	44d	1	0.15mi
3601 Norwood Blvd Birmingham, AL	3.0	2.0	1558	$1,323	$0.85	3d	1	0.19mi
1319 31st St N Birmingham, AL	3.0	2.0	2074	$1,345	$0.65	21d	1	0.49mi
3001 Norwood Blvd Birmingham, AL	2.0	2.0	1092	$1,500	$1.37	3d	1	0.57mi
2807 34th St N Birmingham, AL	4.0	2.0	1556	$1,100	$0.71	44d	1	0.67mi
3920 11th Ave N Birmingham, AL	3.0	2.0	1200	$1,025	$0.85	2d	1	0.78mi
2223 28th St N Birmingham, AL	4.0	2.0	1836	$1,300	$0.71	44d	1	0.93mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	44d	1	1.13mi
813 42nd Pl N Birmingham, AL	3.0	2.0	1424	$1,285	$0.90	44d	1	1.23mi
4108 7th Ave N Birmingham, AL	3.0	1.0	1100	$1,350	$1.23	24d	1	1.24mi
600 24th St N Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,499	$1.36	2d	13	1.47mi

Listing history 22 events

1. 2026-05-10
   price $49,000 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

2. 2026-02-03
   price $58,000 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

3. 2026-02-03
   status Active 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

4. 2026-01-28
   historical 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

5. 2026-01-15
   historical Contingent 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

6. 2025-08-27
   price $68,000 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

7. 2025-08-27
   status Active 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

8. 2025-08-21
   historical 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

9. 2025-08-05
   price $76,000 472-char remark

   Show marketing remark (472 chars)

   Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

10. 2025-06-26
    price $84,000 472-char remark

    Show marketing remark (472 chars)

    Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

11. 2025-06-17
    price $90,000 472-char remark

    Show marketing remark (472 chars)

    Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

12. 2025-06-07
    price $96,000 472-char remark

    Show marketing remark (472 chars)

    Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

13. 2025-05-02
    price $100,000 472-char remark

    Show marketing remark (472 chars)

    Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

14. 2025-02-20
    listed $108,000 Active 472-char remark

    Show marketing remark (472 chars)

    Looking for your next fix and flip? Don’t miss this great opportunity in Birmingham’s up-and-coming Norwood neighborhood! The seller is motivated and open to financing with just $60,000 down — a great option for investors ready to get started. This 3-bedroom, 1-bath home has tons of potential. It features a spacious layout, a large living room, and a cozy den with a fireplace. The brand new roof is a big bonus, saving you time and money from day one.

15. 2024-08-06
    soldstatus $100,000
16. 2024-06-28
    soldstatus $100,000 Sold 278-char remark

    Show marketing remark (278 chars)

    Very convenient to grocery stores, restaurants and shopping. Not to mention a nice 10 minute drive to the heart of the city. Enjoy the convenience of a great location for a great price. Great Investment featuring 3BR/1.5BA, Living, Dining area, Kitchen. Located on a quiet road.

17. 2024-06-20
    historical Contingent 278-char remark

    Show marketing remark (278 chars)

    Very convenient to grocery stores, restaurants and shopping. Not to mention a nice 10 minute drive to the heart of the city. Enjoy the convenience of a great location for a great price. Great Investment featuring 3BR/1.5BA, Living, Dining area, Kitchen. Located on a quiet road.

18. 2024-05-14
    listed $100,000 Active 278-char remark

    Show marketing remark (278 chars)

    Very convenient to grocery stores, restaurants and shopping. Not to mention a nice 10 minute drive to the heart of the city. Enjoy the convenience of a great location for a great price. Great Investment featuring 3BR/1.5BA, Living, Dining area, Kitchen. Located on a quiet road.

19. 2023-12-08
    soldstatus $68,500
20. 2013-10-04
    soldstatus $5,513
21. 2013-04-03
    listed $4,900
22. 1971-03-01
    soldstatus $13,000

ⓘ 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: $1,494 · $124/mo
• Projected year-2 tax: $1,494 · $124/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 1/10 Low
• 🌡 Heat 6/10 Major 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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,280
• − Mortgage interest: −$2,745
• − Property taxes: −$1,494
• − Insurance: −$245
• − Repairs & maintenance: −$1,462
• − Management: −$1,462
• − Depreciation: −$1,425
• Taxable income: $9,447
• Est. tax owed @ 24.0%: −$2,267
• After-tax cash flow: $7,352/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): 3,828

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 (80%)
• Race & ethnicity: Black 80% White 15% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 1% · 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: ▼ -9.89%
• Current HPI: 250.4724
• 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

+276.9% since first listed

22 events — show timeline

• 2026-05-10 Price Changed $49,000 Greater Alabama MLS
• 2026-02-03 Price Changed $58,000 Greater Alabama MLS
• 2026-02-03 Relisted — Greater Alabama MLS
• 2026-01-28 Delisted — Greater Alabama MLS
• 2026-01-15 Contingent — Greater Alabama MLS
• 2025-08-27 Price Changed $68,000 Greater Alabama MLS
• 2025-08-27 Relisted — Greater Alabama MLS
• 2025-08-21 Delisted — Greater Alabama MLS
• 2025-08-05 Price Changed $76,000 Greater Alabama MLS
• 2025-06-26 Price Changed $84,000 Greater Alabama MLS
• 2025-06-17 Price Changed $90,000 Greater Alabama MLS
• 2025-06-07 Price Changed $96,000 Greater Alabama MLS
• 2025-05-02 Price Changed $100,000 Greater Alabama MLS
• 2025-02-20 Listed $108,000 Greater Alabama MLS
• 2024-08-06 Sold (Public Records) $100,000 Public Records
• 2024-06-28 Sold (MLS) $100,000 Greater Alabama MLS
• 2024-06-20 Contingent — Greater Alabama MLS
• 2024-05-14 Listed $100,000 Greater Alabama MLS
• 2023-12-08 Sold (Public Records) $68,500 Public Records
• 2013-10-04 Sold (MLS) $5,513 Greater Alabama MLS
• 2013-04-03 Listed $4,900 Greater Alabama MLS
• 1971-03-01 Sold (Public Records) $13,000 Public Records

Property tax history

+5.7%/yr

Latest (2025): $1,494 · -8.0% YoY. Source: county tax records.