1524 34th St · Birmingham, AL 35218

$70,000

2 bd · 1.0 ba · 846 sqft · SingleFamily public records · 67 Days on market

Built 1950 7,405 sqft lot $83/sqft · 6% above area Est $66k · 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
• DSCR +10.0/10.0
• 1% rule +8.9/10.0
• ARV discount +5.0/15.0
• Appreciation +4.2/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

Ensley Highland! 2 bedroom 1 bath home offers a bonus room that can be used as a home office, guest space, or creative studio. it's an ideal location for homeowners or investors looking to be part of the redevelopment of local businesses and the growing entertainment scene in the area. The home has been freshly painted throughout with new carpet and new heating units.

Key facts

• Guest space
• New carpet
• Creative studio

Tags

• BONUS ROOM
• HOME OFFICE
• GUEST SPACE
• CREATIVE STUDIO
• FRESHLY PAINTED
• NEW CARPET

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($971 rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.2% 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-, schools F, crime 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.
• Market conditions: 50 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 38% of the median local income ($31k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-1.5%/yr); year-one equity from $484 of loan paydown is wiped out by about $1k 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 (-1.5% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 67 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $65,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 67 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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?
7. 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.
8. 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.
9. 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: 1.39% ✓
• Cap rate: 11.25%
• Cash-on-cash: 17.69%
• DSCR: 1.79
• GRM: 6.0

CMA / ARV

• ARV (median comp): $66,256
• List price: $70,000
• Delta: 5.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1529 30th St	0.26mi	2/1.0	843 (-0%)	1mo	$65,000	$77	86
1428 35th St	0.13mi	2/1.0	930 (+10%)	13mo	$75,061	$81	67
1541 30th Street Ensley	0.26mi	3/1.0 (+1)	928 (+10%)	6mo	$5,999	$6	62
1424 33rd Street Ensley	0.15mi	2/1.0	720 (-15%)	9mo	$67,830	$94	61
1429 31st Street Ensley	0.22mi	2/1.0	720 (-15%)	7mo	$30,000	$42	59
1105 Pike Rd	0.50mi	2/1.0	884 (+4%)	13mo	$13,000	$15	59
2712 Avenue K	0.61mi	2/1.0	858 (+1%)	15mo	$32,000	$37	57
2136 47th St W	0.72mi	2/1.0	892 (+5%)	4mo	$12,000	$13	54
1341 44th St	0.49mi	3/1.0 (+1)	892 (+5%)	13mo	$88,052	$99	52
3015 Avenue H	0.75mi	2/1.0	880 (+4%)	11mo	$65,000	$74	49
4716 Court M	0.73mi	3/1.0 (+1)	932 (+10%)	18mo	$79,500	$85	29

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

Projected returns pro-forma

-1.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.58×
• Total profit: $11,453
• Equity at exit: $15,102

10-year hold

• IRR: 20.0%
• Equity multiple: 2.92×
• Total profit: $37,718
• Equity at exit: $14,374

Cash invested: $19,600 (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 35218

• Home prices YoY: -0.9%
• Active inventory: 50
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $971 high
• Mortgage (P&I): −$367
• Tax from tax record: −$82 /mo · $987/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$204
• Net cashflow: $289

Break-even live

Break-even rent $606

Max offer price $70,000

Occupancy floor 65%

Sensitivity live

Price	-10% $329	-5% $309	+0% $289	+5% $269	+10% $249
Rent	-10% $212	-5% $251	+0% $289	+5% $327	+10% $366
Rate	-1.0pp $324	-0.5pp $307	base $289	+0.5pp $271	+1.0pp $252

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1528 34th Street Ensley Birmingham, AL	3.0	2.0	972	$1,073	$1.10	46d	1	0.05mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	46d	1	0.13mi
1532 31st Street Ensley Birmingham, AL	2.0	1.0	839	$850	$1.01	46d	1	0.19mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	46d	1	0.20mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	18d	1	0.22mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	5d	1	0.24mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	46d	1	0.24mi
1501 29th Street Ensley Birmingham, AL	2.0	1.0	772	$800	$1.04	26d	1	0.30mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	46d	1	0.31mi
1616 28th Street Ensley Birmingham, AL	3.0	1.0	1081	$1,100	$1.02	46d	1	0.41mi
1521 27th Street Ensley Birmingham, AL	3.0	2.0	1120	$1,000	$0.89	46d	1	0.41mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	26d	1	0.45mi
2610 Avenue P Birmingham, AL	3.0	2.0	1014	$850	$0.84	46d	1	0.48mi
1609 Pike Rd Birmingham, AL	2.0	1.5	820	$800	$0.98	21d	5	0.54mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	46d	1	0.67mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	17d	1	0.72mi
1521 22nd Street Ensley Unit B Birmingham, AL	2.0	1.0	750	$875	$1.17	26d	1	0.72mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	5d	1	0.74mi
2037 26th Street Ensley Birmingham, AL	3.0	1.0	1074	$995	$0.93	46d	1	0.78mi
3212 Avenue G Unit G Ensley, AL	2.0	1.0	902	$850	$0.94	46d	1	0.81mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	46d	1	0.82mi
3012 Avenue X Unit C Birmingham, AL	3.0	1.0	620	$650	$1.05	14d	1	0.85mi
2329 30th Street Ensley Birmingham, AL	2.0	1.0	917	$990	$1.08	26d	1	0.85mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	46d	1	0.87mi
1001 21st Street Ensley Unit B Birmingham, AL	2.0	1.0	700	$725	$1.04	18d	1	0.88mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	5d	1	0.89mi
2421 29th Street Ensley Unit C Birmingham, AL	2.0	1.0	950	$703	$0.74	26d	1	0.91mi
3201 Avenue E Birmingham, AL	3.0	1.0	1056	$925	$0.88	46d	1	0.93mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	46d	1	0.94mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	13d	1	0.96mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	46d	1	0.98mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	46d	1	1.00mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	46d	1	1.01mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	21d	1	1.03mi
1624 19th Street Ensley Apt B Birmingham, AL	2.0	1.0	676	$875	$1.29	26d	1	1.04mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	46d	1	1.04mi
3011 Avenue D Birmingham, AL	2.0	1.0	1000	$795	$0.80	46d	1	1.06mi
3015 Avenue C Unit C Birmingham, AL	2.0	1.0	1000	$825	$0.82	46d	1	1.07mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	46d	1	1.11mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	46d	1	1.12mi

Listing history 27 events

1. 2026-06-22
   days on market $70,000 Active 67 DOM
2. 2026-06-21
   days on market $70,000 Active 66 DOM
3. 2026-06-18
   days on market $70,000 Active 63 DOM
4. 2026-06-17
   days on market $70,000 Active 62 DOM
5. 2026-06-16
   days on market $70,000 Active 61 DOM
6. 2026-06-15
   days on market $70,000 Active 60 DOM
7. 2026-06-13
   days on market $70,000 Active 58 DOM
8. 2026-06-10
   days on market $70,000 Active 55 DOM
9. 2026-06-09
   days on market $70,000 Active 54 DOM
10. 2026-06-08
    days on market $70,000 Active 53 DOM
11. 2026-06-07
    days on market $70,000 Active 52 DOM
12. 2026-06-03
    days on market $70,000 Active 48 DOM
13. 2026-06-02
    days on market $70,000 Active 47 DOM
14. 2026-06-01
    days on market $70,000 Active 46 DOM
15. 2026-05-31
    days on market $70,000 Active 45 DOM
16. 2026-03-18
    listed $70,000 Active 370-char remark

    Show marketing remark (370 chars)

    Ensley Highland! 2 bedroom 1 bath home offers a bonus room that can be used as a home office, guest space, or creative studio. it's an ideal location for homeowners or investors looking to be part of the redevelopment of local businesses and the growing entertainment scene in the area. The home has been freshly painted throughout with new carpet and new heating units.

17. 2025-10-07
    price $50,000
18. 2023-10-06
    historical $1,050
19. 2023-08-08
    price $1,050
20. 2023-07-14
    price $65,000
21. 2023-06-14
    soldstatus $65,000
22. 2023-06-05
    soldstatus $65,000 Sold
23. 2023-05-08
    status Pending
24. 2023-04-25
    status Active
25. 2023-04-18
    status Pending
26. 2023-03-21
    listed $69,900 Active
27. 1989-04-21
    soldstatus $28,000

ⓘ 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: $987 · $82/mo
• Projected year-2 tax: $987 · $82/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 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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,657
• − Mortgage interest: −$3,921
• − Property taxes: −$987
• − Insurance: −$350
• − Repairs & maintenance: −$933
• − Management: −$933
• − Depreciation: −$2,036
• Taxable income: $2,497
• Est. tax owed @ 24.0%: −$599
• After-tax cash flow: $2,867/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): 6,981
• Household income: $30,739
• Rent vs Own: 63.9% rent · 36.1% own
• Severe rent burden: 621.0

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 (76%)
• Race & ethnicity: Black 76% Two or more races 17% White 5% Hispanic / Latino 4%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 97% English-only · Spanish 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: ▼ -1.54%
• Current HPI: 170.4053
• 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

+150.0% since first listed

12 events — show timeline

• 2026-03-18 Listed $70,000 Greater Alabama MLS
• 2025-10-07 Price Changed $50,000 Greater Alabama MLS
• 2023-10-06 Rental Removed $1,050 APPFOLIO
• 2023-08-08 Price Changed $1,050 APPFOLIO
• 2023-07-14 Price Changed $65,000 Greater Alabama MLS
• 2023-06-14 Sold (Public Records) $65,000 Public Records
• 2023-06-05 Sold (MLS) $65,000 Greater Alabama MLS
• 2023-05-08 Pending — Greater Alabama MLS
• 2023-04-25 Relisted — Greater Alabama MLS
• 2023-04-18 Pending — Greater Alabama MLS
• 2023-03-21 Listed $69,900 Greater Alabama MLS
• 1989-04-21 Sold (Public Records) $28,000 Public Records

Property tax history

+0.0%/yr

Latest (2025): $987 · +0.0% YoY. Source: county tax records.