3322 Bonds Ave · Minor, AL 35224

$114,900

3 bd · 1.5 ba · 1,549 sqft · SingleFamily public records · 26 Days on market

Built 1966 0.42 ac lot $74/sqft · 17% below area Est $138k · 17% under

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Why this score? — see what drove the C+ 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 +23.6/30.0
• ARV discount +14.9/15.0
• DSCR +7.6/10.0
• 1% rule +5.7/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS PROPERTY HAS 3 BEDROOMS AND 1 1/2 BATHROOMS. GREAT STARTER HOME. LARGE FRONT AND FENCED BACK YARDS. THERE IS ALSO A STORAGE UNIT IN THE BACKYARD. 2 CAR CARPORT. A NICE SIZE DEN WITH BRICK FIREPLACE. PLEASE CALL AND MAKE YOUR APPOINTMENT TO SEE THIS PROPERTY TODAY!

Key facts

• Near schools
• Brick exterior
• Near shopping

Tags

• LARGE LOT
• BRICK EXTERIOR
• FUNCTIONAL LAYOUT
• GENEROUS LIVING AREAS
• NEAR SCHOOLS
• NEAR SHOPPING

Property features AI

Finance

• Other: Property in Minor Manor subdivision; Lot size about 0.42 acre; Flood plain: No; Historic register: No
• Financial info: Down payment assistance available
• HOA & community: No HOA information listed

Exterior

• Parking: Detached parking; Driveway parking
• Security: No security features listed
• Utilities: Public water; Septic system; Gas water heater; Internet availability unknown
• Home design: Existing property; 4-sided brick construction; Crawl space foundation; Tri-level/split information: Not a tri-level or split-level home
• Construction: 4-sided brick exterior; Crawl space foundation
• Exterior features: Fenced yard; Storage building; Porch; Open deck

Interior

• Kitchen: Laminate countertops; Electric oven; Electric stove
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level
• Flooring: Hardwood
• Bathrooms: One full bathroom; One half bathroom; Tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; Hardwood floors; No additional interior amenities listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Walk-up attic

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 58/100 on livability (#368 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D-, amenities F, commute F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Minor Community School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 409 students, 84% FRL); Minor High School (math 4% / reading 8%, grade F, #275 of 305 statewide, top 90%, 915 students, 84% FRL) — zoned schools average 84% FRL vs 49% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 20% district-wide (-13 pts) — the specific schools serving this property underperform the Jefferson County average; the district grade overstates school quality for this exact location.
• Market conditions: 42 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 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.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y 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.

Risks & watch-outs

• 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 $113,176 (1.5% below list)

Questions for the listing agent

1. Built in 1966 — 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 D 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: 1.07% ✓
• Cap rate: 8.56%
• Cash-on-cash: 8.10%
• DSCR: 1.36
• GRM: 7.8

CMA / ARV

• ARV (median comp): $137,619
• List price: $114,900
• Delta: -16.51%
• 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
1055 Oak St	0.33mi	4/2.0 (+1)	1,533 (-1%)	2mo	$168,000	$110	74
5317 Highland Ave	0.11mi	4/2.0 (+1)	1,571 (+1%)	19mo	$180,000	$115	70
3309 Hillcrest Ave	0.21mi	3/1.0	1,635 (+6%)	16mo	$45,000	$28	65
3227 Central Ave	0.25mi	3/2.0	1,742 (+12%)	4mo	$140,500	$81	62
1154 Glasgow St	0.52mi	3/1.0	1,334 (-14%)	1mo	$89,900	$67	49
785 Mcdonald Chapel Rd	0.46mi	3/2.0	1,724 (+11%)	11mo	$35,000	$20	48
1020 Minor Dr	0.68mi	3/2.0	1,344 (-13%)	4mo	$115,000	$86	41
1033 Minor Dr	0.71mi	4/2.0 (+1)	1,416 (-9%)	8mo	$75,000	$53	39

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: -4.0%
• Equity multiple: 0.85×
• Total profit: $-4,801
• Equity at exit: $17,132

10-year hold

• IRR: 5.7%
• Equity multiple: 1.42×
• Total profit: $13,595
• 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 35224

• Home prices YoY: -16.2%
• Active inventory: 42
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,229 high
• Mortgage (P&I): −$603
• Tax from tax record: −$104 /mo · $1,245/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $217

Break-even live

Break-even rent $955

Max offer price $114,900

Occupancy floor 77%

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 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1050 McDonald Chapel Rd Birmingham, AL	3.0	1.5	1454	$1,250	$0.86	23d	1	0.45mi
960 Minor Dr Birmingham, AL	3.0	1.5	1299	$1,295	$1.00	23d	1	0.71mi
5804 Norway Ave Birmingham, AL	2.0	2.0	1564	$1,200	$0.77	23d	1	0.77mi
7328 Denmark Ave Birmingham, AL	4.0	2.0	1736	$1,250	$0.72	43d	1	1.09mi
5320 Java Ave Birmingham, AL	3.0	1.0	1950	$1,100	$0.56	43d	1	1.22mi
4800 Norway Ave Birmingham, AL	3.0	1.0	1080	$1,200	$1.11	1d	1	1.40mi

Listing history 8 events

1. 2026-04-24
   listed $114,900 Active 429-char remark
2. 2017-04-18
   soldstatus $945,500
3. 2016-07-06
   soldstatus $65,900 Sold 269-char remark

   Show marketing remark (269 chars)

   THIS PROPERTY HAS 3 BEDROOMS AND 1 1/2 BATHROOMS. GREAT STARTER HOME. LARGE FRONT AND FENCED BACK YARDS. THERE IS ALSO A STORAGE UNIT IN THE BACKYARD. 2 CAR CARPORT. A NICE SIZE DEN WITH BRICK FIREPLACE. PLEASE CALL AND MAKE YOUR APPOINTMENT TO SEE THIS PROPERTY TODAY!

4. 2016-05-31
   status Pending 269-char remark

   Show marketing remark (269 chars)

   THIS PROPERTY HAS 3 BEDROOMS AND 1 1/2 BATHROOMS. GREAT STARTER HOME. LARGE FRONT AND FENCED BACK YARDS. THERE IS ALSO A STORAGE UNIT IN THE BACKYARD. 2 CAR CARPORT. A NICE SIZE DEN WITH BRICK FIREPLACE. PLEASE CALL AND MAKE YOUR APPOINTMENT TO SEE THIS PROPERTY TODAY!

5. 2016-05-10
   listed $69,000 Active 269-char remark

   Show marketing remark (269 chars)

   THIS PROPERTY HAS 3 BEDROOMS AND 1 1/2 BATHROOMS. GREAT STARTER HOME. LARGE FRONT AND FENCED BACK YARDS. THERE IS ALSO A STORAGE UNIT IN THE BACKYARD. 2 CAR CARPORT. A NICE SIZE DEN WITH BRICK FIREPLACE. PLEASE CALL AND MAKE YOUR APPOINTMENT TO SEE THIS PROPERTY TODAY!

6. 2014-01-21
   soldstatus $79,069
7. 2012-05-29
   soldstatus $52,000
8. 2005-04-18
   soldstatus $90,000

ⓘ 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: $1,245 · $104/mo
• Projected year-2 tax: $1,245 · $104/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 6/10 Major 7 d/yr ≥107°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: $14,753
• − Mortgage interest: −$6,436
• − Property taxes: −$1,245
• − Insurance: −$574
• − Repairs & maintenance: −$1,180
• − Management: −$1,180
• − Depreciation: −$3,343
• Taxable income: $794
• Est. tax owed @ 24.0%: −$191
• After-tax cash flow: $2,414/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Minor

• Score: 58/100
• State rank: #368
• US rank: #21309

Category grades

Amenities F Commute F Cost of living A+ Crime D- Employment D- Housing A+ Health & safety F User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Minor, AL
• Population (ZIP): 5,409

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 (69%)
• Race & ethnicity: Black 69% White 22% Two or more races 5% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 0%
• Foreign-born: 2% · 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: ▼ -24.47%
• Current HPI: 126.3423
• 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

+27.7% since first listed

9 events — show timeline

• 2026-05-20 Pending — Greater Alabama MLS
• 2026-04-24 Listed $114,900 Greater Alabama MLS
• 2017-04-18 Sold (Public Records) $945,500 Public Records
• 2016-07-06 Sold (MLS) $65,900 Greater Alabama MLS
• 2016-05-31 Pending — Greater Alabama MLS
• 2016-05-10 Listed $69,000 Greater Alabama MLS
• 2014-01-21 Sold (Public Records) $79,069 Public Records
• 2012-05-29 Sold (Public Records) $52,000 Public Records
• 2005-04-18 Sold (Public Records) $90,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $1,245 · -0.1% YoY. Source: county tax records.