1532 31st Street Ensley · Birmingham, AL 35218

$79,900

3 bd · 1.0 ba · 839 sqft · SingleFamily public records · 30 Days on market

Built 1951 7,405 sqft lot Est $60k · 32% over

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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 +28.2/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Appreciation +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0

Listing remarks

This is cute home sits on a quiet tree lined street. It has been updated with fresh paint, updated flooring and newer lighting. This home is being sold as part of a portfolio of 7 homes being sold for 4637,500.

Key facts

• Tree lined street
• Updated flooring
• Newer lighting

Tags

• TREE LINED STREET
• UPDATED FLOORING
• NEWER LIGHTING

Property features AI

Finance

• Other: Lot size approximately 0.17 acre
• HOA & community: No association fees

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Internet service available (provider TBD)
• Home design: Existing structure; Single-story main living (all rooms listed at level 1); Vinyl siding
• Construction: Vinyl siding construction; Crawl space foundation
• Exterior features: Fenced yard; No pool; No patio; No deck; No garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops
• Bedrooms: Two bedrooms on main level
• Flooring: Hardwood floors; Vinyl flooring
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central electric heating; Central electric cooling
• Interior features: Attic space; Ceilings noted as other (see remarks); No additional interior features listed
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $254 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.1% 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: 50 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% 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 39% of the median local income ($31k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $552 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 (-1.5% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $78,701 (1.5% below list)

Questions for the listing agent

1. Built in 1951 — 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: 1.25% ✓
• Cap rate: 10.11%
• Cash-on-cash: 13.64%
• DSCR: 1.61
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $60,408
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1529 30th St	0.04mi	2/1.0 (-1)	843 (+0%)	1mo	$65,000	$77	91
1541 30th Street Ensley	0.05mi	3/1.0	928 (+11%)	6mo	$5,999	$6	75
1429 31st Street Ensley	0.14mi	2/1.0 (-1)	720 (-14%)	7mo	$30,000	$42	59
2712 Avenue K	0.46mi	2/1.0 (-1)	858 (+2%)	15mo	$32,000	$37	57
1424 33rd Street Ensley	0.20mi	2/1.0 (-1)	720 (-14%)	9mo	$67,830	$94	54
1105 Pike Rd	0.49mi	2/1.0 (-1)	884 (+5%)	12mo	$13,000	$15	53
1428 35th St	0.31mi	2/1.0 (-1)	930 (+11%)	13mo	$75,061	$81	52
2808 Avenue H	0.67mi	2/1.0 (-1)	907 (+8%)	2mo	$65,000	$72	49
1341 44th St	0.69mi	3/1.0	892 (+6%)	13mo	$88,052	$99	47
3015 Avenue H	0.67mi	2/1.0 (-1)	880 (+5%)	11mo	$65,000	$74	46
2921 Avenue G	0.73mi	2/1.0 (-1)	888 (+6%)	22mo	$50,000	$56	33
2301 27th St	0.73mi	2/1.0 (-1)	917 (+9%)	23mo	$53,000	$58	26

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

Projected returns pro-forma

-1.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.5%
• Equity multiple: 1.37×
• Total profit: $8,257
• Equity at exit: $17,237

10-year hold

• IRR: 15.5%
• Equity multiple: 2.46×
• Total profit: $32,636
• Equity at exit: $16,407

Cash invested: $22,372 (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 35218

• Home prices YoY: -0.9%
• Active inventory: 50
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,002 high
• Mortgage (P&I): −$419
• Tax from tax record: −$85 /mo · $1,019/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$210
• Net cashflow: $254

Break-even live

Break-even rent $680

Max offer price $79,900

Occupancy floor 70%

Sensitivity live

Price	-10% $299	-5% $277	+0% $254	+5% $232	+10% $209
Rent	-10% $175	-5% $215	+0% $254	+5% $294	+10% $333
Rate	-1.0pp $294	-0.5pp $275	base $254	+0.5pp $234	+1.0pp $212

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1532 31st Street Ensley Birmingham, AL	2.0	1.0	839	$850	$1.01	44d	1	0.03mi
1501 29th Street Ensley Birmingham, AL	2.0	1.0	772	$800	$1.04	24d	1	0.13mi
1616 28th Street Ensley Birmingham, AL	3.0	1.0	1081	$1,100	$1.02	44d	1	0.20mi
1521 27th Street Ensley Birmingham, AL	3.0	2.0	1120	$1,000	$0.89	44d	1	0.20mi
1528 34th Street Ensley Birmingham, AL	3.0	2.0	972	$1,073	$1.10	44d	1	0.24mi
2610 Avenue P Birmingham, AL	3.0	2.0	1014	$850	$0.84	44d	1	0.26mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	44d	1	0.32mi
1609 Pike Rd Birmingham, AL	2.0	1.5	820	$800	$0.98	19d	5	0.32mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	3d	1	0.41mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	44d	1	0.41mi
2617 Avenue K Birmingham, AL	4.0	2.0	1046	$1,495	$1.43	2d	1	0.43mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	16d	1	0.43mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	44d	1	0.45mi
1521 22nd Street Ensley Unit B Birmingham, AL	2.0	1.0	750	$875	$1.17	24d	1	0.51mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	44d	1	0.51mi
2037 26th Street Ensley Birmingham, AL	3.0	1.0	1074	$995	$0.93	44d	1	0.63mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	24d	1	0.65mi
1001 21st Street Ensley Unit B Birmingham, AL	2.0	1.0	700	$725	$1.04	16d	1	0.68mi
2329 30th Street Ensley Birmingham, AL	2.0	1.0	917	$990	$1.08	24d	1	0.76mi
3012 Avenue X Unit C Birmingham, AL	3.0	1.0	620	$650	$1.05	12d	1	0.76mi
2421 29th Street Ensley Unit C Birmingham, AL	2.0	1.0	950	$703	$0.74	24d	1	0.80mi
3212 Avenue G Unit G Ensley, AL	2.0	1.0	902	$850	$0.94	44d	1	0.81mi
1624 19th Street Ensley Apt B Birmingham, AL	2.0	1.0	676	$875	$1.29	24d	1	0.82mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	15d	1	0.87mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	44d	1	0.89mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	3d	1	0.90mi
3201 Avenue E Birmingham, AL	3.0	1.0	1056	$925	$0.88	44d	1	0.91mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	44d	1	0.92mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	44d	1	0.97mi
1316 Court R Birmingham, AL	3.0	1.0	904	$900	$1.00	11d	1	1.00mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	44d	1	1.01mi
3011 Avenue D Birmingham, AL	2.0	1.0	1000	$795	$0.80	44d	1	1.02mi
3015 Avenue C Unit C Birmingham, AL	2.0	1.0	1000	$825	$0.82	44d	1	1.02mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	44d	1	1.04mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	3d	1	1.04mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	44d	1	1.04mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	1.08mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	44d	1	1.13mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	11d	1	1.13mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	44d	1	1.14mi

Listing history 23 events

1. 2026-06-18
   days on market $79,900 Active 30 DOM
2. 2026-06-17
   days on market $79,900 Active 29 DOM
3. 2026-06-16
   days on market $79,900 Active 28 DOM
4. 2026-06-15
   days on market $79,900 Active 27 DOM
5. 2026-06-13
   days on market $79,900 Active 25 DOM
6. 2026-06-10
   days on market $79,900 Active 22 DOM
7. 2026-06-09
   days on market $79,900 Active 21 DOM
8. 2026-06-08
   days on market $79,900 Active 20 DOM
9. 2026-06-07
   days on market $79,900 Active 19 DOM
10. 2026-06-03
    days on market $79,900 Active 15 DOM
11. 2026-06-02
    days on market $79,900 Active 14 DOM
12. 2026-06-01
    days on market $79,900 Active 13 DOM
13. 2026-05-31
    days on market $79,900 Active 12 DOM
14. 2026-05-19
    listed $79,900 Active
15. 2026-02-02
    price $850
16. 2026-01-25
    price $895
17. 2025-10-14
    listed $925
18. 2023-09-18
    historical $800
19. 2023-09-04
    listed $800
20. 2021-01-08
    soldstatus $123,000
21. 2001-02-23
    soldstatus $51,500
22. 1996-12-27
    soldstatus $32,500
23. 1991-09-06
    soldstatus $23,000

ⓘ 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: $1,019 · $85/mo
• Projected year-2 tax: $1,019 · $85/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 · 17 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: $12,023
• − Mortgage interest: −$4,476
• − Property taxes: −$1,019
• − Insurance: −$400
• − Repairs & maintenance: −$962
• − Management: −$962
• − Depreciation: −$2,324
• Taxable income: $1,880
• Est. tax owed @ 24.0%: −$451
• After-tax cash flow: $2,600/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): 6,981
• Household income: $30,739
• Rent vs Own: 63.9% rent · 36.1% own
• Severe rent burden: 621.0

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 (76%)
• Race & ethnicity: Black 76% Two or more races 17% White 5% Hispanic / Latino 4%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 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: ▼ -1.54%
• Current HPI: 170.4053
• 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

+247.4% since first listed

10 events — show timeline

• 2026-05-19 Listed $79,900 Greater Alabama MLS
• 2026-02-02 Price Changed $850 APPFOLIO
• 2026-01-25 Price Changed $895 APPFOLIO
• 2025-10-14 Listed for Rent $925 APPFOLIO
• 2023-09-18 Rental Removed $800 APPFOLIO
• 2023-09-04 Listed for Rent $800 APPFOLIO
• 2021-01-08 Sold (Public Records) $123,000 Public Records
• 2001-02-23 Sold (Public Records) $51,500 Public Records
• 1996-12-27 Sold (Public Records) $32,500 Public Records
• 1991-09-06 Sold (Public Records) $23,000 Public Records

Property tax history

+11.0%/yr

Latest (2025): $1,019 · +0.0% YoY. Source: county tax records.