1529 Pine Tree Pl · Birmingham, AL 35235

$114,900

2 bd · 2.0 ba · 1,054 sqft · SingleFamily public records · 13 Days on market

Built 1979 0.40 ac lot Est $135k · 15% 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 +26.6/30.0
• ARV discount +14.2/15.0
• DSCR +9.1/10.0
• 1% rule +7.2/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling All Investors! Excellent Investment Opportunity for a 2 Bedroom, 2 Bathroom One-Level Home with Vinyl Siding, Gas Fireplace, Mature Trees and a Fenced Backyard. Great Potential in an Established Neighborhood with Much Higher Priced Homes, Foreclosure to be Sold AS-IS. Schedule your showing today.

Key facts

• One-level living
• Large yard
• Storage shed

Tags

• ONE-LEVEL LIVING
• LARGE YARD
• OUTDOOR SPACE
• OPEN BACK DECK
• STORAGE SHED
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Parcel ID: 12-00-29-1-010-001.000; Approximately 0.4 acres; Subdivision: Spring Lake Manor
• Financial info: Fire fee: $250 per year; Garbage fee: $55 quarterly

Exterior

• Parking: Driveway parking; Parking on main level
• Utilities: Public water; Septic sewer; Gas water heater; Internet service available (provider to follow)
• Home design: Existing construction; Siding: vinyl; Crawl space foundation; Tri-level/split-level/loft: not applicable
• Construction: Vinyl siding construction; Crawl space foundation
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront; Lot view: none; Flood plain: not in flood plain

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Refrigerator; Electric stove
• Bedrooms: Bedrooms located on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Carpet and vinyl flooring; Ceilings described as 'Other (see remarks)'; Stone gas fireplace in the living room; No additional interior features listed
• Laundry & utility: Laundry on the main level; Washer hookup; Electric dryer hookup; Laundry area in a closet; Pull-down attic access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Cap rate 9.5% 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: Huffman Academy (math 0% / reading 17%, grade F, #594 of 627 statewide, top 95%, 735 students, 79% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising fast (+5.4%/yr); 113 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $794 of loan paydown is wiped out by about $3k 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 + 5.4% rent growth), your $32k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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 $90k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $114,900

Questions for the listing agent

1. Built in 1979 — 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: 1.22% ✓
• Cap rate: 9.52%
• Cash-on-cash: 11.52%
• DSCR: 1.51
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $134,912
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1608 Azalea Dr	0.17mi	3/2.0 (+1)	1,131 (+7%)	22mo	$145,000	$128	56

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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: 3.6%
• Equity multiple: 1.14×
• Total profit: $4,525
• Equity at exit: $17,132

10-year hold

• IRR: 15.2%
• Equity multiple: 2.38×
• Total profit: $44,252
• Equity at exit: $9,934

Cash invested: $32,172 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 113
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,403 high
• Mortgage (P&I): −$603
• Tax from tax record: −$150 /mo · $1,795/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $309

Break-even live

Break-even rent $1,013

Max offer price $114,900

Occupancy floor 73%

Sensitivity live

Price	-10% $374	-5% $341	+0% $309	+5% $276	+10% $244
Rent	-10% $198	-5% $253	+0% $309	+5% $364	+10% $420
Rate	-1.0pp $367	-0.5pp $338	base $309	+0.5pp $279	+1.0pp $249

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	3d	1	0.11mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	3d	1	0.25mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	3d	1	0.29mi
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	4d	1	0.36mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	25d	1	0.85mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	25d	1	0.93mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	4d	1	1.03mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	4d	1	1.14mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	16d	1	1.15mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	45d	1	1.21mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	3d	1	1.26mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	45d	1	1.27mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	4d	1	1.28mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	22d	1	1.30mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	45d	1	1.39mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	45d	1	1.41mi
1028 Broadmoor Dr Birmingham, AL	3.0	1.0	1079	$1,085	$1.01	4d	1	1.47mi
90 Meadows Dr Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,356	$1.23	3d	22	1.49mi

Listing history 9 events

1. 2026-06-21
   days on market $114,900 Active 13 DOM
2. 2026-06-18
   days on market $114,900 Active 10 DOM
3. 2026-06-17
   days on market $114,900 Active 9 DOM
4. 2026-06-16
   days on market $114,900 Active 8 DOM
5. 2026-06-15
   days on market $114,900 Active 7 DOM
6. 2026-06-13
   days on market $114,900 Active 5 DOM
7. 2026-06-10
   days on market $114,900 Active 2 DOM
8. 2026-06-08
   remarks 480-char remark
9. 2026-06-08
   listed $114,900 Active 1 DOM

ⓘ 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: $1,795 · $150/mo
• Projected year-2 tax: $1,795 · $150/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,842
• − Mortgage interest: −$6,436
• − Property taxes: −$1,795
• − Insurance: −$574
• − Repairs & maintenance: −$1,347
• − Management: −$1,347
• − Depreciation: −$3,343
• Taxable income: $1,999
• Est. tax owed @ 24.0%: −$480
• After-tax cash flow: $3,225/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): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+145.3% since first listed

14 events — show timeline

• 2026-06-08 Listed $114,900 Greater Alabama MLS
• 2024-05-09 Rental Removed $1,110 RENTLY
• 2024-02-13 Listed for Rent $1,110 RENTLY
• 2022-06-10 Price Changed $1,010 RENTLY
• 2021-11-24 Sold (Public Records) $90,000 Public Records
• 2021-11-19 Sold (MLS) $90,000 Greater Alabama MLS
• 2021-11-04 Contingent — Greater Alabama MLS
• 2021-09-27 Relisted — Greater Alabama MLS
• 2021-09-14 Delisted — Greater Alabama MLS
• 2021-07-27 Listed $80,000 Greater Alabama MLS
• 2021-04-09 Price Changed $100,000 Greater Alabama MLS
• 2019-12-17 Sold (Public Records) $57,000 Public Records
• 2009-01-23 Sold (Public Records) $25,100 Public Records
• 1988-06-07 Sold (Public Records) $46,839 Public Records

Property tax history

+4.3%/yr

Latest (2025): $1,795 · +7.0% YoY. Source: county tax records.