9607 Red Lane Dr · Birmingham, AL 35215

$109,900

3 bd · 1.5 ba · 1,504 sqft · SingleFamily public records · 151 Days on market

Built 1955 0.52 ac lot Est $125k · 12% 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 +25.4/30.0
• ARV discount +12.9/15.0
• DSCR +8.4/10.0
• 1% rule +6.8/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is your chance to own a cash-flowing rental with a brand new, 12 month lease at $1,235/month. Dozens of renovations have been completed including a new sewer line, and the home has been section 8 inspected and approved. There may be a short window to see if before the tenant moves in, afterwards, 48 hour notice is required.

Key facts

• 0.52 acre lot
• Built 1955
• Listed 151 days

Property features AI

Finance

• Other: Lot size about 0.52 acre; Located in the Red Lane Park subdivision
• Financial info: Down payment assistance available

Exterior

• Parking: Uncovered parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available (numerous providers)
• Home design: Existing construction; Siding exterior (other); Crawl space foundation
• Construction: Siding-Other exterior
• Exterior features: Open patio; No pool; No decks; No garden/patio listed; Not waterfront

Interior

• Kitchen: Laminate countertops; Kitchen on main level
• Bedrooms: Two bedrooms on the main level
• Flooring: Carpet; Hardwood
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Gas heating (gas jets); Central cooling
• Interior features: Smooth ceilings; Has attic with pull-down access; No additional interior features listed
• Laundry & utility: Laundry on the main level; Washer hookup; Electric dryer hookup; Laundry located in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $187 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: Martha Gaskins K5 (math 0% / reading 15%, grade F, #598 of 627 statewide, top 96%, 509 students, 87% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL) — zoned schools at 79% FRL track the district average.
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $760 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 151 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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: flood insurance adds $66/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $96,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.18% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.89%
• DSCR: 1.44
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $124,832
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
101 95th St N	0.19mi	3/2.0	1,506 (+0%)	5mo	$82,000	$54	85
132 Rosebud Rd	0.08mi	3/2.0	1,497 (-0%)	13mo	$187,500	$125	83
200 Red Lane Rd	0.18mi	3/1.0	1,632 (+8%)	10mo	$88,000	$54	67
216 Westwood Dr	0.52mi	3/1.0	1,384 (-8%)	0mo	$78,500	$57	60
208 Red Lane Rd	0.21mi	3/2.0	1,320 (-12%)	13mo	$97,500	$74	57
212 Glynn Dr	0.51mi	4/2.5 (+1)	1,500 (-0%)	16mo	$135,000	$90	53
256 Westwood Dr	0.68mi	3/1.5	1,468 (-2%)	18mo	$144,900	$99	50
173 Roebuck Dr	0.51mi	3/1.0	1,682 (+12%)	7mo	$72,000	$43	49
100 Lawson Dr	0.34mi	4/2.0 (+1)	1,312 (-13%)	11mo	$137,000	$104	46
816 Hickory Dr	0.65mi	2/2.0 (-1)	1,440 (-4%)	13mo	$119,900	$83	44
153 Carol Dr	0.54mi	3/2.0	1,284 (-15%)	10mo	$85,000	$66	40
200 Rose Dr	0.56mi	4/2.0 (+1)	1,300 (-14%)	12mo	$137,000	$105	34

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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -5.0%
• Equity multiple: 0.81×
• Total profit: $-5,761
• Equity at exit: $16,386

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $10,836
• Equity at exit: $9,502

Cash invested: $30,772 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,301 high
• Mortgage (P&I): −$576
• Tax from tax record: −$152 /mo · $1,821/yr
• Insurance: −$46
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $187

Break-even live

Break-even rent $1,064

Max offer price $109,900

Occupancy floor 81%

Sensitivity live

Price	-10% $249	-5% $218	+0% $187	+5% $156	+10% $125
Rent	-10% $84	-5% $136	+0% $187	+5% $239	+10% $290
Rate	-1.0pp $243	-0.5pp $215	base $187	+0.5pp $159	+1.0pp $130

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	44d	1	0.20mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	24d	1	0.44mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	44d	1	0.65mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	2d	1	0.68mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	44d	1	0.70mi
417 Price Dr Birmingham, AL	4.0	2.0	1584	$1,395	$0.88	24d	1	0.91mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	44d	1	0.95mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	4d	1	0.98mi
9228 Brookhurst Dr Birmingham, AL	3.0	1.0	1146	$999	$0.87	44d	1	1.11mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	4d	1	1.11mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	20d	1	1.13mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	44d	1	1.14mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	24d	1	1.16mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	44d	1	1.21mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	12d	1	1.27mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	44d	1	1.27mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	4d	1	1.35mi
8416 Division Ave Birmingham, AL	3.0	2.0	1470	$1,350	$0.92	44d	1	1.37mi
8513 4th Ave S Birmingham, AL	3.0	1.0	1150	$1,150	$1.00	44d	1	1.37mi
8333 4th Ave N Birmingham, AL	4.0	2.0	1384	$1,300	$0.94	44d	1	1.41mi
46 Sunscape Dr Birmingham, AL	4.0	2.0	1178	$1,450	$1.23	44d	1	1.41mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	2d	1	1.42mi
8300 4th Ave N Birmingham, AL	4.0	2.0	1455	$1,300	$0.89	44d	1	1.48mi

Listing history 28 events

1. 2026-06-15
   days on market $109,900 Active 151 DOM
2. 2026-06-13
   days on market $109,900 Active 149 DOM
3. 2026-06-10
   days on market $109,900 Active 146 DOM
4. 2026-06-09
   days on market $109,900 Active 145 DOM
5. 2026-06-08
   days on market $109,900 Active 144 DOM
6. 2026-06-07
   days on market $109,900 Active 143 DOM
7. 2026-06-03
   days on market $109,900 Active 139 DOM
8. 2026-06-02
   days on market $109,900 Active 138 DOM
9. 2026-06-01
   days on market $109,900 Active 137 DOM
10. 2026-05-31
    days on market $109,900 Active 136 DOM
11. 2026-05-22
    status Active
12. 2026-03-27
    historical Contingent
13. 2026-01-15
    listed $109,900 Active
14. 2025-06-02
    historical $1,250
15. 2025-05-14
    listed $1,250
16. 2025-02-18
    price $100,500
17. 2025-01-12
    price $104,500
18. 2025-01-01
    price $105,500
19. 2024-10-26
    price $119,500
20. 2023-06-20
    soldstatus $110,000 Sold 330-char remark

    Show marketing remark (330 chars)

    This is your chance to own a cash-flowing rental with a brand new, 12 month lease at $1,235/month. Dozens of renovations have been completed including a new sewer line, and the home has been section 8 inspected and approved. There may be a short window to see if before the tenant moves in, afterwards, 48 hour notice is required.

21. 2023-05-20
    historical Contingent 330-char remark

    Show marketing remark (330 chars)

    This is your chance to own a cash-flowing rental with a brand new, 12 month lease at $1,235/month. Dozens of renovations have been completed including a new sewer line, and the home has been section 8 inspected and approved. There may be a short window to see if before the tenant moves in, afterwards, 48 hour notice is required.

22. 2023-05-19
    listed $120,000 Active 330-char remark

    Show marketing remark (330 chars)

    This is your chance to own a cash-flowing rental with a brand new, 12 month lease at $1,235/month. Dozens of renovations have been completed including a new sewer line, and the home has been section 8 inspected and approved. There may be a short window to see if before the tenant moves in, afterwards, 48 hour notice is required.

23. 2023-05-17
    historical $120,000 330-char remark

    Show marketing remark (330 chars)

    This is your chance to own a cash-flowing rental with a brand new, 12 month lease at $1,235/month. Dozens of renovations have been completed including a new sewer line, and the home has been section 8 inspected and approved. There may be a short window to see if before the tenant moves in, afterwards, 48 hour notice is required.

24. 2018-03-14
    soldstatus $40,000 Sold
25. 2018-01-08
    status Active
26. 2017-12-20
    historical Contingent
27. 2017-12-11
    listed $54,900 Active
28. 2005-03-24
    soldstatus $83,500

ⓘ 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: $1,821 · $152/mo
• Projected year-2 tax: $1,821 · $152/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 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: $15,609
• − Mortgage interest: −$6,156
• − Property taxes: −$1,821
• − Insurance: −$1,347
• − Repairs & maintenance: −$1,249
• − Management: −$1,249
• − Depreciation: −$3,197
• Taxable income: $590
• Est. tax owed @ 24.0%: −$142
• After-tax cash flow: $2,105/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): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+31.6% since first listed

18 events — show timeline

• 2026-05-22 Relisted — Greater Alabama MLS
• 2026-03-27 Contingent — Greater Alabama MLS
• 2026-01-15 Listed $109,900 Greater Alabama MLS
• 2025-06-02 Rental Removed $1,250 RenterWarehouse
• 2025-05-14 Listed for Rent $1,250 RenterWarehouse
• 2025-02-18 Price Changed $100,500 Greater Alabama MLS
• 2025-01-12 Price Changed $104,500 Greater Alabama MLS
• 2025-01-01 Price Changed $105,500 Greater Alabama MLS
• 2024-10-26 Price Changed $119,500 Greater Alabama MLS
• 2023-06-20 Sold (MLS) $110,000 Greater Alabama MLS
• 2023-05-20 Contingent — Greater Alabama MLS
• 2023-05-19 Listed $120,000 Greater Alabama MLS
• 2023-05-17 Coming Soon $120,000 Greater Alabama MLS
• 2018-03-14 Sold (MLS) $40,000 Greater Alabama MLS
• 2018-01-08 Relisted — Greater Alabama MLS
• 2017-12-20 Contingent — Greater Alabama MLS
• 2017-12-11 Listed $54,900 Greater Alabama MLS
• 2005-03-24 Sold (Public Records) $83,500 Public Records

Property tax history

+10.7%/yr

Latest (2025): $1,821 · +4.2% YoY. Source: county tax records.