1336 15th St · Birmingham, AL 35211

$45,000

2 bd · 1.0 ba · 1,234 sqft · SingleFamily public records · 3 Days on market

Built 1930 5,662 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 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 MLS

Here you will find a spacious 2 bedroom with living room dining room kitchen den extra den and a room that can be used for your office. the house come with a fairly level fenced yard that will provide a secure place for your small children or pets. HOUSE HAS A ALARM . DO NOT LOCK WOODEN FRONT ; pull it shut and LOCK SECURITY DOOR,

Key facts

• 5,662 sq ft lot
• Built 1930
• Listed 3 days

Property features AI

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing home; Single-story layout (rooms listed on main level)
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Fenced yard; Porch

Interior

• Kitchen: Pantry
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Tile
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Pantry; No additional interior special features listed
• Laundry & utility: Main-level laundry room; Washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $579 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 21.7% 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: Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 154 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 38% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $311 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 + 0.0% rent growth), your $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 13y 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.
• Current owner paid $22k; list at $45k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: 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 $45,000

Questions for the listing agent

1. Built in 1930 — 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. 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.
6. 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.
7. 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: 2.43% ✓
• Cap rate: 21.74%
• Cash-on-cash: 55.15%
• DSCR: 3.45
• GRM: 3.4

CMA / ARV

• ARV (on-the-fly): $93,784
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1245 16th St SW	0.23mi	3/2.0 (+1)	1,336 (+8%)	5mo	$145,000	$109	62
1609 SW Jefferson Ave	0.49mi	3/1.0 (+1)	1,302 (+6%)	13mo	$61,000	$47	52
1527 14th St	0.42mi	3/2.0 (+1)	1,088 (-12%)	5mo	$105,000	$97	48
232 11th Ave SW	0.74mi	3/1.0 (+1)	1,192 (-3%)	18mo	$90,000	$76	40
1557 Pearson Ave SW	0.61mi	3/2.0 (+1)	1,168 (-5%)	21mo	$33,200	$28	36
1545 16th Way SW	0.68mi	3/1.0 (+1)	1,320 (+7%)	20mo	$69,500	$53	35

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 50.1%
• Equity multiple: 3.09×
• Total profit: $26,383
• Equity at exit: $6,710

10-year hold

• IRR: 54.3%
• Equity multiple: 5.61×
• Total profit: $58,065
• Equity at exit: $3,891

Cash invested: $12,600 (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 35211

• Rents YoY: -0.0%
• Active inventory: 154
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,096 high
• Mortgage (P&I): −$236
• Tax from tax record: −$32 /mo · $379/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$230
• Net cashflow: $579

Break-even live

Break-even rent $362

Max offer price $45,000

Occupancy floor 42%

Sensitivity live

Price	-10% $605	-5% $592	+0% $579	+5% $566	+10% $554
Rent	-10% $493	-5% $536	+0% $579	+5% $622	+10% $666
Rate	-1.0pp $602	-0.5pp $591	base $579	+0.5pp $567	+1.0pp $556

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	4d	1	0.08mi
1508 Dennison Ave SW Birmingham, AL	2.0	1.0	924	$890	$0.96	45d	1	0.08mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	4d	1	0.13mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	45d	1	0.22mi
1620 Alemeda Ave SW Birmingham, AL	3.0	2.0	1314	$1,295	$0.99	3d	1	0.48mi
916 14th St SW Unit A Birmingham, AL	2.0	1.0	870	$800	$0.92	25d	1	0.55mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	870	$800	$0.92	45d	1	0.55mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	800	$800	$1.00	13d	1	0.55mi
1000 17th Pl SW Birmingham, AL	3.0	2.0	1200	$1,275	$1.06	20d	1	0.72mi
1501 Princeton Ave SW Birmingham, AL	3.0	2.0	1260	$1,350	$1.07	45d	1	0.84mi
700 Aspen Dr Birmingham, AL	1.0	1.0	786	$1,045	$1.33	45d	1	0.85mi
1100 Cotton Ave SW Unit b Birmingham, AL	2.0	1.5	816	$988	$1.21	45d	1	0.86mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	45d	1	0.89mi
521 16th St SW Unit 523 Birmingham, AL	2.0	1.0	800	$800	$1.00	45d	1	0.90mi
401 Skyview Dr Birmingham, AL	2.0	1.0	864	$950	$1.10	45d	1	0.98mi
261 3rd Ave SW Birmingham, AL	1.0–2.0	1.0	634	$850	$1.34	4d	14	0.99mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	45d	1	0.99mi
218 Olympia Dr Homewood, AL	1.0–3.0	1.0–2.5	958	$1,190	$1.24	3d	33	0.99mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	45d	1	1.01mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	13d	1	1.05mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	22d	1	1.05mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	1.08mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	45d	1	1.10mi
1437 Woodland Ave SW Birmingham, AL	3.0	1.0	1369	$1,100	$0.80	4d	1	1.11mi
1816 Saint Charles Ave SW Birmingham, AL	3.0	1.0	1395	$1,295	$0.93	25d	1	1.11mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	17d	1	1.12mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	45d	1	1.13mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	45d	1	1.16mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	45d	1	1.20mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	1.23mi
132 17th St SW Birmingham, AL	2.0	1.0	738	$945	$1.28	45d	1	1.26mi
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	45d	1	1.27mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	22d	1	1.27mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	4d	1	1.27mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	13d	1	1.30mi
2418 Green Springs Hwy Birmingham, AL	1.0	1.0	750	$895	$1.19	45d	5	1.32mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	45d	1	1.36mi
2026 Lee Ct SW Birmingham, AL	3.0	1.0	1204	$1,100	$0.91	45d	1	1.37mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	25d	1	1.41mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	1.41mi

Listing history 4 events

1. 2026-05-22
   listed $45,000 Active
2. 2014-01-21
   soldstatus $22,000
3. 2014-01-15
   soldstatus $22,000 332-char remark

   Show marketing remark (332 chars)

   Here you will find a spacious 2 bedroom with living room dining room kitchen den extra den and a room that can be used for your office. the house come with a fairly level fenced yard that will provide a secure place for your small children or pets. HOUSE HAS A ALARM . DO NOT LOCK WOODEN FRONT ; pull it shut and LOCK SECURITY DOOR,

4. 2013-07-19
   listed $24,900 332-char remark

   Show marketing remark (332 chars)

   Here you will find a spacious 2 bedroom with living room dining room kitchen den extra den and a room that can be used for your office. the house come with a fairly level fenced yard that will provide a secure place for your small children or pets. HOUSE HAS A ALARM . DO NOT LOCK WOODEN FRONT ; pull it shut and LOCK SECURITY DOOR,

ⓘ 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: $379 · $32/mo
• Projected year-2 tax: $379 · $32/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 ≥105°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: $13,146
• − Mortgage interest: −$2,521
• − Property taxes: −$379
• − Insurance: −$225
• − Repairs & maintenance: −$1,052
• − Management: −$1,052
• − Depreciation: −$1,309
• Taxable income: $6,609
• Est. tax owed @ 24.0%: −$1,586
• After-tax cash flow: $5,363/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% French/Haitian/Cajun 1%

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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+80.7% since first listed

4 events — show timeline

• 2026-05-22 Listed $45,000 Greater Alabama MLS
• 2014-01-21 Sold (Public Records) $22,000 Public Records
• 2014-01-15 Sold (MLS) $22,000 Greater Alabama MLS
• 2013-07-19 Listed $24,900 Greater Alabama MLS

Property tax history

-0.8%/yr

Latest (2025): $379 · +0.0% YoY. Source: county tax records.