312 E Ventura Dr · Irondale, AL 35235

$123,900

3 bd · 1.0 ba · 1,560 sqft · SingleFamily public records · 90 Days on market

Built 1952 6,969 sqft lot $79/sqft · 18% below area Est $110k · 12% over

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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 +27.6/30.0
• DSCR +9.7/10.0
• 1% rule +7.2/10.0
• Rent growth +3.8/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• ARV discount +1.9/15.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this 3-bedroom, 2-bath home conveniently located near Trussville, Chalkville, with easy access to I-459 and I-59—making commuting to Birmingham and surrounding areas quick and convenient. This home offers a functional layout with spacious living areas, including a large kitchen and dining area that easily accommodates a full-size dining table—The kitchen features stone countertops, providing both style and practicality. The living room flows directly off the dining space. The primary bedroom includes a private bathroom with a tile shower, while the second bathroom features a classic tub/shower combo. ntep outside and enjoy the covered balcony just off the kitchen and living area, overlooking a nearby neighborhood park—an ideal spot for morning coffee or unwinding in the evenings.

Key facts

• Stone countertops
• Covered balcony
• Large kitchen

Tags

• LARGE KITCHEN
• STONE COUNTERTOPS
• COVERED BALCONY
• OVERLOOKING NEIGHBORHOOD PARK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $369 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $124k).
• Recommended offer: $116k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 5.2% in Irondale — 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 74/100 on livability (#23 in AL, #4,921 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: employment C-, schools D-, amenities F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.4%/yr); 114 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $857 of loan paydown is wiped out by about $4k 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 + 5.4% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $116,466 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 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 1952 — 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 D-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: 1.22% ✓
• Cap rate: 9.87%
• Cash-on-cash: 12.78%
• DSCR: 1.57
• GRM: 6.8

CMA / ARV

• ARV (median comp): $110,237
• List price: $123,900
• Delta: 12.39%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1128 Gadsden Hwy	0.12mi	4/2.5 (+1)	1,430 (-8%)	2mo	$185,000	$129	68
424 E Forest Dr	0.27mi	3/2.0	1,517 (-3%)	14mo	$112,000	$74	67
444 E Forest Dr	0.32mi	3/3.0	1,545 (-1%)	11mo	$159,000	$103	66
428 Ventura Dr E	0.16mi	4/1.0 (+1)	1,372 (-12%)	19mo	$105,000	$77	52
934 Navarro Ln	0.20mi	3/2.0	1,364 (-13%)	19mo	$45,000	$33	50
445 Plaza Dr	0.25mi	2/2.5 (-1)	1,328 (-15%)	11mo	$148,000	$111	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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: 5.2%
• Equity multiple: 1.21×
• Total profit: $7,166
• Equity at exit: $18,474

10-year hold

• IRR: 16.7%
• Equity multiple: 2.51×
• Total profit: $52,558
• Equity at exit: $10,713

Cash invested: $34,692 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,510 high
• Mortgage (P&I): −$650
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $369

Break-even live

Break-even rent $1,042

Max offer price $123,900

Occupancy floor 71%

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: $30,975
• Closing costs: $3,717
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
90 Meadows Dr Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,528	$1.39	1d	22	0.99mi
1108 Hob Hill Rd Birmingham, AL	3.0	1.5	1646	$1,600	$0.97	16d	1	1.25mi
1108 Sherwood Forest Dr Birmingham, AL	3.0	1.5	1118	$1,370	$1.23	44d	1	1.27mi
630 Lisa Ln Birmingham, AL	3.0	1.5	1201	$1,095	$0.91	44d	1	1.46mi
625 Lisa Ln Birmingham, AL	3.0	1.5	1700	$1,200	$0.71	19d	1	1.47mi

Listing history 18 events

1. 2026-06-18
   days on market $123,900 Active 90 DOM
2. 2026-06-17
   days on market $123,900 Active 89 DOM
3. 2026-06-16
   days on market $123,900 Active 88 DOM
4. 2026-06-15
   days on market $123,900 Active 87 DOM
5. 2026-06-13
   days on market $123,900 Active 85 DOM
6. 2026-06-10
   days on market $123,900 Active 82 DOM
7. 2026-06-09
   days on market $123,900 Active 81 DOM
8. 2026-06-08
   days on market $123,900 Active 80 DOM
9. 2026-06-07
   days on market $123,900 Active 79 DOM
10. 2026-06-03
    days on market $123,900 Active 75 DOM
11. 2026-06-02
    days on market $123,900 Active 74 DOM
12. 2026-06-01
    days on market $123,900 Active 73 DOM
13. 2026-05-31
    days on market $123,900 Active 72 DOM
14. 2026-04-29
    price $123,900 824-char remark

    Show marketing remark (824 chars)

    Welcome home to this 3-bedroom, 2-bath home conveniently located near Trussville, Chalkville, with easy access to I-459 and I-59—making commuting to Birmingham and surrounding areas quick and convenient. This home offers a functional layout with spacious living areas, including a large kitchen and dining area that easily accommodates a full-size dining table—The kitchen features stone countertops, providing both style and practicality. The living room flows directly off the dining space. The primary bedroom includes a private bathroom with a tile shower, while the second bathroom features a classic tub/shower combo. ntep outside and enjoy the covered balcony just off the kitchen and living area, overlooking a nearby neighborhood park—an ideal spot for morning coffee or unwinding in the evenings.

15. 2026-03-20
    listed $128,900 Active 824-char remark

    Show marketing remark (824 chars)

    Welcome home to this 3-bedroom, 2-bath home conveniently located near Trussville, Chalkville, with easy access to I-459 and I-59—making commuting to Birmingham and surrounding areas quick and convenient. This home offers a functional layout with spacious living areas, including a large kitchen and dining area that easily accommodates a full-size dining table—The kitchen features stone countertops, providing both style and practicality. The living room flows directly off the dining space. The primary bedroom includes a private bathroom with a tile shower, while the second bathroom features a classic tub/shower combo. ntep outside and enjoy the covered balcony just off the kitchen and living area, overlooking a nearby neighborhood park—an ideal spot for morning coffee or unwinding in the evenings.

16. 2021-08-25
    soldstatus $323,500
17. 2019-04-09
    soldstatus $102,875
18. 2003-04-21
    soldstatus $46,000

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $122/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°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: $18,117
• − Mortgage interest: −$6,940
• − Property taxes: −$1,464
• − Insurance: −$620
• − Repairs & maintenance: −$1,449
• − Management: −$1,449
• − Depreciation: −$3,604
• Taxable income: $2,590
• Est. tax owed @ 24.0%: −$622
• After-tax cash flow: $3,810/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Irondale

• Score: 74/100
• State rank: #23
• US rank: #4921

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Irondale, AL
• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+169.3% since first listed

5 events — show timeline

• 2026-04-29 Price Changed $123,900 Greater Alabama MLS
• 2026-03-20 Listed $128,900 Greater Alabama MLS
• 2021-08-25 Sold (Public Records) $323,500 Public Records
• 2019-04-09 Sold (Public Records) $102,875 Public Records
• 2003-04-21 Sold (Public Records) $46,000 Public Records

Property tax history

+5.3%/yr

Latest (2025): $1,464 · +0.0% YoY. Source: county tax records.