2921 33rd St N · Birmingham, AL 35207

$58,000

3 bd · 1.0 ba · 1,026 sqft · SingleFamily public records · 191 Days on market

Built 1935 7,405 sqft lot $57/sqft · 19% above area Est $49k · 19% over ↓ 3% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0

Listing remarks MLS

Owners Current Morgage is Transferable! Excellent investment opportunity in the heart of North Birminghams community. This property offers strong rental potential and is ideal for investors looking to expand their portfolio in a growing area. With solid structure, easy access to major highways, and proximity to downtown Birmingham, this home is perfectly positioned for long-term cash flow. Whether you plan to renovate and flip or place a long-term tenant, this property delivers exceptional upside and affordability. Don’t miss this chance to secure a high-demand investment in an emerging market.

Key facts

• Long-term cash flow
• Solid structure
• 7,405 sq ft lot

Tags

• INVESTMENT OPPORTUNITY
• STRONG RENTAL POTENTIAL
• SOLID STRUCTURE
• EASY ACCESS TO MAJOR HIGHWAYS
• LONG-TERM CASH FLOW
• HIGH-DEMAND INVESTMENT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $40 ($476/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $51k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.9% 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: 42 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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

• In year one you build about $6k of equity ($401 loan paydown + $6k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($51k) is reasonable based on typical stale-listing flexibility.
• 2 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 $50k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: 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→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $51,040 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 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 1935 — 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: 1.87% ✓
• Cap rate: 15.94%
• Cash-on-cash: 34.45%
• DSCR: 2.53
• GRM: 4.5

CMA / ARV

• ARV (median comp): $48,724
• List price: $58,000
• Delta: 19.04%
• 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
3373 33rd Pl N	0.40mi	3/1.0	912 (-11%)	3mo	$55,000	$60	60
3402 33rd Ct N	0.31mi	3/1.0	876 (-15%)	7mo	$63,000	$72	55
3426 31st Pl N	0.56mi	3/1.0	1,008 (-2%)	23mo	$8,500	$8	52
3335 N 31st Pl	0.43mi	3/1.5	882 (-14%)	9mo	$97,000	$110	47
3148 34th Ter N	0.58mi	3/1.0	912 (-11%)	11mo	$100,000	$110	46
3429 31st Pl	0.55mi	2/2.0 (-1)	1,120 (+9%)	19mo	$30,000	$27	34

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 26.6%
• Equity multiple: 3.12×
• Total profit: $34,386
• Equity at exit: $52,251

10-year hold

• IRR: 23.4%
• Equity multiple: 7.15×
• Total profit: $99,814
• Equity at exit: $112,681

Cash invested: $16,240 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,083 high
• Mortgage (P&I): −$304
• Tax from tax record: −$61 /mo · $732/yr
• Insurance: −$24
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $40

Break-even live

Break-even rent $1,033

Max offer price $58,000

Occupancy floor 91%

Sensitivity live

Price	-10% $72	-5% $56	+0% $40	+5% $23	+10% $7
Rent	-10% $-46	-5% $-3	+0% $40	+5% $82	+10% $125
Rate	-1.0pp $69	-0.5pp $54	base $40	+0.5pp $25	+1.0pp $9

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: $14,500
• Closing costs: $1,740
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	3d	1	0.41mi
3376 34th St N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	24d	1	0.42mi
3376 34th St N Birmingham, AL	3.0	1.0	928	$1,200	$1.29	12d	1	0.42mi
3376 34th Ave N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	3d	1	0.46mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	24d	1	0.50mi
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	44d	1	0.57mi
3311 16th Ave N Unit 3323 Birmingham, AL	2.0	1.0	750	$850	$1.13	2d	1	0.73mi
3311 16th Ave N Unit 3321 Birmingham, AL	2.0	1.0	750	$850	$1.13	24d	1	0.73mi
3311 16th Ave N Unit 3317 Birmingham, AL	2.0	1.0	750	$850	$1.13	44d	1	0.73mi
3509 Norwood Blvd Birmingham, AL	2.0	1.0	943	$1,100	$1.17	3d	1	0.84mi
3001 Norwood Blvd Birmingham, AL	2.0	2.0	1092	$1,500	$1.37	3d	1	0.84mi
1515 36th Pl N Birmingham, AL	3.0	2.0	1204	$1,273	$1.06	44d	1	0.84mi
1405 33rd St N Birmingham, AL	3.0	1.0	952	$990	$1.04	24d	1	0.93mi
1444 31st St N Birmingham, AL	4.0	1.0	1014	$1,295	$1.28	24d	1	0.96mi
2608 20th Ave N Birmingham, AL	2.0	1.0	750	$895	$1.19	44d	1	1.03mi
2608 20th Ave N Unit 5 Birmingham, AL	2.0	1.0	750	$875	$1.17	44d	1	1.03mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	44d	1	1.05mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	44d	1	1.14mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	2d	1	1.15mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	3d	1	1.15mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	11d	1	1.15mi
2400 19th Ave N Unit B Birmingham, AL	2.0	1.0	750	$850	$1.13	21d	1	1.23mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	1.28mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.29mi
3920 11th Ave N Birmingham, AL	3.0	2.0	1200	$1,025	$0.85	2d	1	1.31mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.34mi
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	44d	1	1.36mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	24d	1	1.36mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	1.36mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	44d	1	1.39mi
1017 Cahaba St Birmingham, AL	2.0	2.0	1035	$1,350	$1.30	3d	1	1.39mi
1911 19th Ct N Apt 1 Birmingham, AL	2.0	1.0	750	$845	$1.13	12d	1	1.40mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	44d	1	1.45mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	44d	1	1.46mi
2413 14th Ave N Birmingham, AL	2.0	1.0	720	$675	$0.94	2d	3	1.46mi

Listing history 17 events

1. 2026-06-18
   days on market $58,000 Active 191 DOM
2. 2026-06-17
   days on market $58,000 Active 190 DOM
3. 2026-06-16
   days on market $58,000 Active 189 DOM
4. 2026-06-15
   days on market $58,000 Active 188 DOM
5. 2026-06-13
   days on market $58,000 Active 186 DOM
6. 2026-06-10
   days on market $58,000 Active 183 DOM
7. 2026-06-09
   days on market $58,000 Active 182 DOM
8. 2026-06-08
   days on market $58,000 Active 181 DOM
9. 2026-06-07
   days on market $58,000 Active 180 DOM
10. 2026-06-03
    days on market $58,000 Active 176 DOM
11. 2026-06-02
    days on market $58,000 Active 175 DOM
12. 2026-06-01
    days on market $58,000 Active 174 DOM
13. 2026-05-31
    days on market $58,000 Active 173 DOM
14. 2026-01-23
    price $58,000 611-char remark

    Show marketing remark (611 chars)

    Owners Current Morgage is Transferable! Excellent investment opportunity in the heart of North Birminghams community. This property offers strong rental potential and is ideal for investors looking to expand their portfolio in a growing area. With solid structure, easy access to major highways, and proximity to downtown Birmingham, this home is perfectly positioned for long-term cash flow. Whether you plan to renovate and flip or place a long-term tenant, this property delivers exceptional upside and affordability. Don’t miss this chance to secure a high-demand investment in an emerging market.

15. 2025-12-05
    soldstatus $50,000 Sold 587-char remark

    Show marketing remark (587 chars)

    Excellent investment opportunity in the heart of North Birmingham’s Collegeville community. This property offers strong rental potential and is ideal for investors looking to expand their portfolio in a growing area. With solid structure, easy access to major highways, and proximity to downtown Birmingham, this home is perfectly positioned for long-term cash flow. Whether you plan to renovate and flip or place a long-term tenant, this property delivers exceptional upside and affordability. Don’t miss this chance to secure a high-demand investment in an emerging market.

16. 2025-11-27
    listed $60,000 Active 611-char remark

    Show marketing remark (587 chars)

    Excellent investment opportunity in the heart of North Birmingham’s Collegeville community. This property offers strong rental potential and is ideal for investors looking to expand their portfolio in a growing area. With solid structure, easy access to major highways, and proximity to downtown Birmingham, this home is perfectly positioned for long-term cash flow. Whether you plan to renovate and flip or place a long-term tenant, this property delivers exceptional upside and affordability. Don’t miss this chance to secure a high-demand investment in an emerging market.

17. 2025-11-27
    listed $60,000 Active 587-char remark

    Show marketing remark (587 chars)

    Excellent investment opportunity in the heart of North Birmingham’s Collegeville community. This property offers strong rental potential and is ideal for investors looking to expand their portfolio in a growing area. With solid structure, easy access to major highways, and proximity to downtown Birmingham, this home is perfectly positioned for long-term cash flow. Whether you plan to renovate and flip or place a long-term tenant, this property delivers exceptional upside and affordability. Don’t miss this chance to secure a high-demand investment in an emerging market.

ⓘ 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: $732 · $61/mo
• Projected year-2 tax: $732 · $61/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 · 73% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,996
• − Mortgage interest: −$3,249
• − Property taxes: −$732
• − Insurance: −$5,408
• − Repairs & maintenance: −$1,040
• − Management: −$1,040
• − Depreciation: −$1,687
• Taxable loss: −$160
• Est. tax savings @ 24.0%: +$39
• After-tax cash flow: $515/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
• City population: 210,422
• Population (ZIP): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▲ 35.95%
• Current HPI: 228.5664
• Rent YoY: —
• Metro: —
• 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

-3.3% since first listed

4 events — show timeline

• 2026-01-23 Price Changed $58,000 Greater Alabama MLS
• 2025-12-05 Sold (MLS) $50,000 Greater Alabama MLS
• 2025-11-27 Listed $60,000 Greater Alabama MLS
• 2025-11-27 Listed $60,000 Greater Alabama MLS

Property tax history

+3.8%/yr

Latest (2025): $732 · +0.0% YoY. Source: county tax records.