2205 35th Ave N · Birmingham, AL 35207

$75,000

2 bd · 1.0 ba · 940 sqft · SingleFamily · 22 Days on market

Built 1930 Good condition 6,969 sqft lot Est $51k · 48% 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 +28.1/30.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +7.7/10.0
• Condition / age +3.8/5.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0

Listing remarks

Beautiful 2-bedroom, 1 full bathroom home, perfect for small families. This property features spacious living areas, bedrooms with closets, and a comfortable, welcoming atmosphere. The kitchen comes equipped with a refrigerator and electric stove. The home also features new windows that provide great natural light and energy efficiency. As you enter the home, you will find a cozy front porch, perfect for relaxing in the evenings and enjoying this beautiful home. Plus: The house has a new roofing. Come and visit this house and live the experience.

Key facts

• New roofing
• New windows
• 6,969 sq ft lot

Tags

• SPACIOUS LIVING AREAS
• BEDROOMS WITH CLOSETS
• NEW WINDOWS
• NEW ROOFING

Property features AI

Finance

• Other: Property has paved public road access; Located in the North Birmingham subdivision
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; On-street parking; Parking at the street/level
• Utilities: Public water; Connected to sewer; Electric water heater; Internet availability unknown
• Home design: Existing property; Not a waterfront property; No pool, patio, deck, loft or log-home features
• Construction: Concrete/block and wood siding construction; Crawl space foundation
• Exterior features: Porch; Irregular-shaped lot

Interior

• Kitchen: Laminate countertops; Refrigerator; Electric stove
• Bedrooms: Two bedrooms on the main level
• Flooring: Tile flooring; Vinyl flooring
• Bathrooms: One full bathroom with tub/shower combination
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 9-foot (or higher) ceilings; Some window treatments will remain; No additional interior features listed
• Laundry & utility: Laundry on the main level; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $235 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($954 rent vs $75k).
• Recommended offer: $74k (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-, 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: Hudson Keight School (math 0% / reading 7%, grade F, #627 of 627 statewide, top 100%, 633 students, 94% FRL); George Washington Carver High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 531 students, 87% FRL).
• Market conditions: 42 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $8k of equity ($519 loan paydown + $8k 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 $21k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($74k) is reasonable based on typical stale-listing flexibility.

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→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,875 (1.5% below list)

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: 1.27% ✓
• Cap rate: 10.05%
• Cash-on-cash: 13.43%
• DSCR: 1.60
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $50,760
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3120 24th St	0.26mi	3/1.0 (+1)	925 (-2%)	15mo	$50,000	$54	68
2129 N 30th Ave	0.36mi	3/1.5 (+1)	1,042 (+11%)	9mo	$45,000	$43	51
2700 24th St	0.55mi	3/1.0 (+1)	1,056 (+12%)	20mo	$82,500	$78	32

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: 34.2%
• Equity multiple: 3.66×
• Total profit: $55,828
• Equity at exit: $67,566

10-year hold

• IRR: 29.5%
• Equity multiple: 8.27×
• Total profit: $152,664
• Equity at exit: $145,709

Cash invested: $21,000 (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: 6.6×

Monthly cashflow live

• Estimated rent: $954 high
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $235

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 70%

Sensitivity live

Price	-10% $287	-5% $261	+0% $235	+5% $209	+10% $183
Rent	-10% $160	-5% $197	+0% $235	+5% $273	+10% $310
Rate	-1.0pp $273	-0.5pp $254	base $235	+0.5pp $216	+1.0pp $196

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	44d	1	0.36mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	44d	1	0.43mi
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	44d	1	0.97mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	24d	1	1.03mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	3d	1	1.14mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	2d	1	1.14mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	11d	1	1.14mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.14mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	24d	1	1.16mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.22mi
2608 20th Ave N Birmingham, AL	2.0	1.0	750	$895	$1.19	44d	1	1.22mi
2608 20th Ave N Unit 5 Birmingham, AL	2.0	1.0	750	$875	$1.17	44d	1	1.22mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	44d	1	1.22mi
2400 19th Ave N Unit B Birmingham, AL	2.0	1.0	750	$850	$1.13	21d	1	1.27mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	1.29mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	11d	1	1.29mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.29mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.29mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.29mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	44d	1	1.30mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.30mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.30mi
1911 19th Ct N Apt 1 Birmingham, AL	2.0	1.0	750	$845	$1.13	12d	1	1.33mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.33mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	15d	1	1.34mi
1576 20th St N Apt D Birmingham, AL	2.0	1.0	900	$725	$0.81	44d	1	1.49mi
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	3d	1	1.50mi

Listing history 14 events

1. 2026-06-18
   days on market $75,000 Active 22 DOM
2. 2026-06-17
   days on market $75,000 Active 21 DOM
3. 2026-06-16
   days on market $75,000 Active 20 DOM
4. 2026-06-15
   days on market $75,000 Active 19 DOM
5. 2026-06-13
   pricedays on market $75,000 Active 17 DOM
6. 2026-06-10
   days on market $85,000 Active 14 DOM
7. 2026-06-09
   days on market $85,000 Active 13 DOM
8. 2026-06-08
   days on market $85,000 Active 12 DOM
9. 2026-06-07
   days on market $85,000 Active 11 DOM
10. 2026-06-03
    days on market $85,000 Active 7 DOM
11. 2026-06-02
    days on market $85,000 Active 6 DOM
12. 2026-06-01
    days on market $85,000 Active 5 DOM
13. 2026-05-31
    days on market $85,000 Active 4 DOM
14. 2026-05-27
    listed $85,000 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: $11,443
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$915
• − Management: −$915
• − Depreciation: −$2,182
• Taxable income: $1,729
• Est. tax owed @ 24.0%: −$415
• After-tax cash flow: $2,405/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This home is in good condition with cosmetic updates needed to enhance its resale and rental value. Fresh paint and new countertops would significantly improve its curb appeal and functionality.

Repairs flagged

• Minor kitchen countertops — Worn appearance
• Minor bathroom fixtures — Dated appearance

Value-add opportunities

• Resale Paint kitchen cabinets — Fresh paint enhances curb appeal and value.
• Resale Replace worn countertops — New countertops improve functionality and aesthetics.
• Both Landscaping improvements — Enhances curb appeal and adds value to the property.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen countertops · Worn appearance	Minor	$500–3,000
bathroom fixtures · Dated appearance	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint kitchen cabinets — Fresh paint enhances curb appeal and value. ↑
• Resale Replace worn countertops — New countertops improve functionality and aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

1 event — show timeline

• 2026-05-27 Listed $85,000 Greater Alabama MLS