1332 44th Pl N · Birmingham, AL 35212

$12,500

2 bd · 1.0 ba · 784 sqft · SingleFamily public records · 35 Days on market

Built 1935 7,840 sqft lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Decent neighborhood, worse house on the street is your chance for a great investment opportunity. 2 Bedroom and 1 Bath home. Needs major rehab.

Key facts

• 7,840 sq ft lot
• Built 1935
• Listed 35 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $12k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $12k).
• Recommended offer: $12k (3.0% below list) — sets the bar for market timing.
• Cap rate 73.6% 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: Avondale Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 328 students, 76% FRL); Woodlawn High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 738 students, 91% FRL) — zoned schools at 83% FRL track the district average.
• Market conditions: 81 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 34% of the median local income ($37k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $86 of loan paydown is wiped out by about $375 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 (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($12k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: property tax is 4.7% of price; flood insurance adds $427/mo; built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $12,125 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 8.31% ✓
• Cap rate: 73.65%
• Cash-on-cash: 240.55%
• DSCR: 11.70
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $32,928
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4513 13th Ave	0.15mi	2/1.0	778 (-1%)	3mo	$40,000	$51	89
4301 13th Ave	0.16mi	2/1.0	846 (+8%)	21mo	$23,000	$27	62
913 47th St N	0.59mi	2/1.0	838 (+7%)	22mo	$35,000	$42	43

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: 95.9%
• Equity multiple: 5.51×
• Total profit: $15,791
• Equity at exit: $1,864

10-year hold

• IRR: 98.7%
• Equity multiple: 11.72×
• Total profit: $37,520
• Equity at exit: $1,081

Cash invested: $3,500 (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 35212

• Active inventory: 81
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,039 high
• Mortgage (P&I): −$66
• Tax from tax record: −$49 /mo · $583/yr
• Insurance: −$5
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $275

Break-even live

Break-even rent $691

Max offer price $12,500

Occupancy floor 69%

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: $3,125
• Closing costs: $375
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4513 13th Ave N Birmingham, AL	2.0	2.0	778	$1,175	$1.51	23d	1	0.12mi
1217 43rd St N Birmingham, AL	2.0	1.0	750	$850	$1.13	43d	1	0.21mi
1117 42nd Pl N Birmingham, AL	3.0	1.0	1026	$900	$0.88	43d	1	0.37mi
934 47th St N Birmingham, AL	3.0	1.0	972	$1,000	$1.03	23d	1	0.48mi
941 47th Pl N Birmingham, AL	3.0	1.0	879	$950	$1.08	23d	1	0.55mi
1017 Cahaba St Birmingham, AL	2.0	2.0	1035	$1,350	$1.30	3d	1	0.64mi
737 47th St N Unit B Birmingham, AL	2.0	1.0	706	$750	$1.06	23d	1	0.67mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	43d	1	0.88mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	23d	1	0.92mi
4108 7th Ave N Birmingham, AL	3.0	1.0	1100	$1,350	$1.23	23d	1	0.95mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	43d	1	1.05mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	43d	1	1.08mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$699	$1.12	2d	1	1.11mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$675	$1.08	43d	1	1.11mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	3d	1	1.21mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	43d	1	1.27mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	23d	1	1.27mi
4345 2nd Ave S Birmingham, AL	3.0	2.0	988	$1,800	$1.82	23d	1	1.36mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	43d	1	1.46mi
3509 Norwood Blvd Birmingham, AL	2.0	1.0	943	$1,100	$1.17	3d	1	1.48mi
4420 5th Ave S Birmingham, AL	2.0	1.0	667	$1,126	$1.69	14d	2	1.48mi
4416 5th Ave S Unit 4420-8 Birmingham, AL	2.0	1.0	667	$1,032	$1.55	21d	1	1.49mi
4416 5th Ave S Unit 4420-5 Birmingham, AL	2.0	1.0	667	$1,062	$1.59	10d	1	1.49mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	1.50mi
4262 4th Ave S Birmingham, AL	1.0	1.0	676	$1,095	$1.62	43d	1	1.50mi

Listing history 5 events

1. 2023-09-20
   status Pending
2. 2023-09-08
   price $12,500
3. 2023-08-29
   price $15,900
4. 2023-08-16
   listed $22,900 Active
5. 1986-12-11
   soldstatus $11,310

ⓘ 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: $583 · $49/mo
• Projected year-2 tax: $583 · $49/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 6/10 Major FEMA zone AE · 68% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,470
• − Mortgage interest: −$700
• − Property taxes: −$583
• − Insurance: −$5,181
• − Repairs & maintenance: −$998
• − Management: −$998
• − Depreciation: −$364
• Taxable income: $3,647
• Est. tax owed @ 24.0%: −$875
• After-tax cash flow: $2,425/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): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -190.24%
• Current HPI: 120.1264
• 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

+10.5% since first listed

5 events — show timeline

• 2023-09-20 Pending — Greater Alabama MLS
• 2023-09-08 Price Changed $12,500 Greater Alabama MLS
• 2023-08-29 Price Changed $15,900 Greater Alabama MLS
• 2023-08-16 Listed $22,900 Greater Alabama MLS
• 1986-12-11 Sold (Public Records) $11,310 Public Records

Property tax history

+2.6%/yr

Latest (2025): $583 · +0.0% YoY. Source: county tax records.