236 Pinewood Ave · Midfield, AL 35228

$73,999

3 bd · 1.0 ba · 1,344 sqft · SingleFamily public records · 209 Days on market

Built 1926 9,583 sqft lot $55/sqft · 10% below area Est $82k · 10% under

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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
• ARV discount +11.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.7/10.0

Listing remarks MLS

Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

Key facts

• Covered front porch
• Spacious kitchen
• Large backyard

Tags

• COVERED FRONT PORCH
• PASS-THROUGH DINING ROOM
• SPACIOUS KITCHEN
• FULL BASEMENT
• PARKING PAD
• LARGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $74k.

Deal economics

• At list price, monthly cash flow is $413 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $74k).
• Recommended offer: $65k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.0% vs local median 10.0% in Midfield — 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 64/100 on livability (#164 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, amenities F, employment F.
• Midfield City (suburban): math 2% / reading 14% proficiency, ranked #126 of 129 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $511 of loan paydown is wiped out by about $2k 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 + 0.0% rent growth), your $21k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.
• Current owner paid $26k; list at $74k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $65,119 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 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 1926 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.57% ✓
• Cap rate: 12.99%
• Cash-on-cash: 23.92%
• DSCR: 2.06
• GRM: 5.3

CMA / ARV

• ARV (median comp): $81,995
• List price: $73,999
• Delta: -9.75%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
521 Grant St	0.26mi	3/2.0	1,368 (+2%)	9mo	$80,000	$58	74
340 Woodward Rd	0.17mi	3/1.0	1,255 (-7%)	12mo	$85,000	$68	71
537 Grant St	0.29mi	3/1.0	1,444 (+7%)	4mo	$98,500	$68	71
400 Woodward Rd	0.20mi	3/1.0	1,211 (-10%)	12mo	$85,000	$70	64
332 Birwood Ave	0.16mi	3/2.0	1,245 (-7%)	15mo	$170,000	$137	64
1508 Collier Dr	0.38mi	3/1.0	1,280 (-5%)	14mo	$90,000	$70	63
1412 Woodward Rd	0.44mi	3/1.0	1,220 (-9%)	2mo	$65,000	$53	62
1709 Brizendine Dr	0.15mi	2/2.0 (-1)	1,263 (-6%)	15mo	$90,000	$71	62
1356 Woodward Rd	0.56mi	3/1.0	1,164 (-13%)	1mo	$98,000	$84	51
1808 Collier Dr	0.36mi	2/1.0 (-1)	1,174 (-13%)	11mo	$83,000	$71	48
349 Midwood Ave	0.56mi	4/2.0 (+1)	1,160 (-14%)	12mo	$165,000	$142	32
517 Midway St	0.75mi	4/2.0 (+1)	1,480 (+10%)	16mo	$75,000	$51	26

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 13.7%
• Equity multiple: 1.53×
• Total profit: $10,913
• Equity at exit: $11,033

10-year hold

• IRR: 20.1%
• Equity multiple: 2.46×
• Total profit: $30,238
• Equity at exit: $6,398

Cash invested: $20,720 (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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,165 high
• Mortgage (P&I): −$388
• Tax from tax record: −$89 /mo · $1,064/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $413

Break-even live

Break-even rent $643

Max offer price $73,999

Occupancy floor 60%

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	15d	1	0.13mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	23d	1	0.23mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	23d	1	0.27mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	43d	1	0.33mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	43d	1	0.43mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	15d	1	0.46mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	23d	1	0.57mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	0.58mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	43d	1	0.58mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	43d	1	0.59mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	0.70mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	43d	1	0.70mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	23d	1	0.87mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	43d	1	0.88mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	43d	1	0.89mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	43d	1	0.93mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	43d	1	0.95mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	43d	1	1.00mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	10d	1	1.00mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	10d	1	1.00mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	10d	1	1.00mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	10d	1	1.00mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	10d	1	1.00mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	2d	1	1.00mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	2d	1	1.00mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	11d	1	1.00mi
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	43d	1	1.02mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	1d	1	1.02mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	43d	1	1.04mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	43d	1	1.06mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	1d	1	1.10mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	43d	1	1.15mi
3736 Oak Ave SW Birmingham, AL	3.0	2.0	984	$1,050	$1.07	23d	1	1.16mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	43d	1	1.17mi
4029 Walnut Ave SW Birmingham, AL	2.0	1.0	1300	$1,369	$1.05	3d	1	1.18mi
3729 Pine Ave SW Birmingham, AL	3.0	1.0	1067	$1,100	$1.03	21d	1	1.21mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	43d	1	1.24mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	2d	1	1.26mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	23d	1	1.26mi
3616 Maple Ave SW Birmingham, AL	2.0	1.0	1488	$950	$0.64	43d	1	1.30mi

Listing history 11 events

1. 2026-05-15
   status Pending 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

2. 2026-04-21
   status Active 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

3. 2026-03-26
   historical 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

4. 2026-03-26
   status Pending 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

5. 2025-12-12
   status Active 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

6. 2025-10-31
   status Pending 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

7. 2025-08-09
   listed $73,999 Active 630-char remark

   Show marketing remark (630 chars)

   Investment Opportunity! This is an amazing opportunity to step into the investment business. This adorable home features a covered front porch. You will enter into a quaint living room with a pass-through dining room or additional family space, into a spacious kitchen. 3 good-sized bedrooms and a full basement makes this an ideal family home. Quaint kitchen, parking pad at the front of home and a large backyard completes the property. This is an incredible opportunity to take over an investment property with little to no additional expenses. Schedule a showing today. Bring all offers! No lowball offers will be entertained.

8. 2010-12-06
   soldstatus $26,300
9. 2007-06-15
   soldstatus $26,300
10. 1999-01-06
    soldstatus $48,000
11. 1987-03-31
    soldstatus $38,000

ⓘ 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: $1,064 · $89/mo
• Projected year-2 tax: $1,064 · $89/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 7/10 Severe 7 d/yr ≥108°F today · 19 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: $13,983
• − Mortgage interest: −$4,145
• − Property taxes: −$1,064
• − Insurance: −$370
• − Repairs & maintenance: −$1,119
• − Management: −$1,119
• − Depreciation: −$2,153
• Taxable income: $4,014
• Est. tax owed @ 24.0%: −$963
• After-tax cash flow: $3,993/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: Midfield City
• NCES district ID: 0102350
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $39,267
• Composite: 6.89/100
• National rank: #9978
• State rank: #126 of 129 in AL

Livability — Midfield

• Score: 64/100
• State rank: #164
• US rank: #14536

Category grades

Amenities F Commute A+ Cost of living A+ Crime B- Employment F Housing A+ Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midfield, AL
• County: Jefferson County · 527,445 people
• City population: 10,216
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+94.7% since first listed

11 events — show timeline

• 2026-05-15 Pending — Greater Alabama MLS
• 2026-04-21 Relisted — Greater Alabama MLS
• 2026-03-26 Delisted — Greater Alabama MLS
• 2026-03-26 Pending — Greater Alabama MLS
• 2025-12-12 Relisted — Greater Alabama MLS
• 2025-10-31 Pending — Greater Alabama MLS
• 2025-08-09 Listed $73,999 Greater Alabama MLS
• 2010-12-06 Sold (Public Records) $26,300 Public Records
• 2007-06-15 Sold (Public Records) $26,300 Public Records
• 1999-01-06 Sold (Public Records) $48,000 Public Records
• 1987-03-31 Sold (Public Records) $38,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,064 · +7.0% YoY. Source: county tax records.