2225 34th Ave N · Birmingham, AL 35207

$40,000

3 bd · 1.0 ba · 1,351 sqft · SingleFamily public records · 1 Days on market

Built 1953 6,969 sqft lot Est $38k · 6% over

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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
• Appreciation +10.0/10.0
• ARV discount +4.9/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks

Great opportunity to invest in this full brick home conveniently located in the North Birmingham area. Could be easily converted into a 3br. Home does need repairs, including a roof , being sold "as is".

Key facts

• 6,969 sq ft lot
• Parking
• Built 1953

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Cap rate 23.3% 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: George Washington Carver High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 531 students, 87% FRL) — zoned schools at 87% FRL track the district average.
• Market conditions: 42 active listings in the ZIP; 31 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

• In year one you build about $4k of equity ($277 loan paydown + $4k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $40,000

Questions for the listing agent

1. Built in 1953 — 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: 2.67% ✓
• Cap rate: 23.29%
• Cash-on-cash: 60.71%
• DSCR: 3.70
• GRM: 3.1

CMA / ARV

• ARV (on-the-fly): $37,828
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1930 34th Ave N	0.26mi	3/1.0	1,258 (-7%)	22mo	$140,000	$111	58
1631 31st Ave N	0.57mi	3/2.0	1,448 (+7%)	2mo	$175,000	$121	56
1925 33rd Ave N	0.28mi	3/1.0	1,156 (-14%)	17mo	$32,000	$28	49
2517 N 36th Ave	0.28mi	4/2.0 (+1)	1,550 (+15%)	13mo	$32,000	$21	43
2808 38th Ave N	0.59mi	3/2.0	1,176 (-13%)	11mo	$20,000	$17	38

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 72.8%
• Equity multiple: 6.17×
• Total profit: $57,892
• Equity at exit: $36,035

10-year hold

• IRR: 66.7%
• Equity multiple: 13.69×
• Total profit: $142,134
• Equity at exit: $77,711

Cash invested: $11,200 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,067 high
• Mortgage (P&I): −$210
• Tax est. 1.5%: −$50 /mo · $600/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $567

Break-even live

Break-even rent $350

Max offer price $40,000

Occupancy floor 42%

Sensitivity live

Price	-10% $594	-5% $580	+0% $567	+5% $553	+10% $539
Rent	-10% $482	-5% $525	+0% $567	+5% $609	+10% $651
Rate	-1.0pp $587	-0.5pp $577	base $567	+0.5pp $556	+1.0pp $546

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: $10,000
• Closing costs: $1,200
• Reserves months: —
• Total cash needed: —

Rent comps 31 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 36th Ave N Birmingham, AL	3.0	1.0	1468	$1,190	$0.81	25d	1	0.27mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	45d	1	0.29mi
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$875	$0.74	45d	1	0.47mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	45d	1	0.48mi
1520 34th Ave N Birmingham, AL	4.0	2.0	1736	$1,375	$0.79	25d	1	0.64mi
1625 29th Ave N Birmingham, AL	3.0	2.0	1140	$1,200	$1.05	17d	1	0.64mi
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	45d	1	0.93mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	25d	1	0.96mi
3732 4th St W Birmingham, AL	4.0	1.0	1185	$900	$0.76	45d	1	1.00mi
2223 28th St N Birmingham, AL	4.0	2.0	1836	$1,300	$0.71	45d	1	1.03mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	45d	1	1.06mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	45d	1	1.11mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	45d	1	1.15mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	25d	1	1.20mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	1.22mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	1.22mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.22mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.22mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.22mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	45d	1	1.22mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.22mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.22mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.26mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	16d	1	1.26mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	45d	1	1.28mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	17d	1	1.37mi
1576 20th St N Apt D Birmingham, AL	2.0	1.0	900	$725	$0.81	45d	1	1.41mi
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	4d	1	1.45mi
3001 Norwood Blvd Birmingham, AL	2.0	2.0	1092	$1,500	$1.37	4d	1	1.45mi
3376 34th St N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	25d	1	1.49mi
3376 34th St N Birmingham, AL	3.0	1.0	928	$1,200	$1.29	13d	1	1.49mi

Listing history 2 events

1. 2025-12-11
   status Pending
2. 2025-12-11
   listed $40,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,807
• − Mortgage interest: −$2,241
• − Property taxes: −$600
• − Insurance: −$200
• − Repairs & maintenance: −$1,025
• − Management: −$1,025
• − Depreciation: −$1,164
• Taxable income: $6,553
• Est. tax owed @ 24.0%: −$1,573
• After-tax cash flow: $5,227/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): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▲ 35.95%
• Current HPI: 228.5664
• 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

2 events — show timeline

• 2025-12-11 Pending — Greater Alabama MLS
• 2025-12-11 Listed $40,000 Greater Alabama MLS