909 Pike Rd · Birmingham, AL 35218

$69,900

3 bd · 2.0 ba · 1,616 sqft · SingleFamily public records · 94 Days on market

Built 1926 6,098 sqft lot Est $94k · 25% 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 +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Portfolio opportunity in Birmingham market. Great chance to buy multiple cash flowing rentals at one time. 10 single family homes being sold as a portfolio package. Total rental income $8,562 per month - List Price for portfolio package $662,000. Send email for more information on this amazing opportunity. Listings MLS Numbers • 131554 • 1315575 • 1315576 • 1315563 • 1315574 • 1315577 • 1315578 • 1315579 • 1315580 • 1315581

Key facts

• New decking
• New water heater
• Income producing

Tags

• NEW WATER HEATER
• NEW HVAC SYSTEM
• NEW ROOF
• NEW DECKING
• NEW FLOORING IN KITCHEN
• INCOME PRODUCING

🏷️ Possibly a rental listed for sale. The $69,900 price doesn't fit this home's estimated sale value (~$93,728) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $365 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $64k (9.0% below list) — sets the bar for market timing.
• Cap rate 12.6% 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: Minor Elementary School (math 0% / reading 14%, grade F, #601 of 627 statewide, top 98%, 454 students, 90% FRL).
• 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); 52% 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 44% 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 $483 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 ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $20k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $63,609 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 days. Have you received any prior offers? Is the seller open to a 9% 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. 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: 1.61% ✓
• Cap rate: 12.56%
• Cash-on-cash: 22.37%
• DSCR: 2.00
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $93,728
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
920 39th St	0.18mi	3/2.0	1,636 (+1%)	2mo	$145,000	$89	88
949 44th St	0.27mi	3/2.5	1,595 (-1%)	9mo	$94,000	$59	76
1109 40th St	0.24mi	4/1.0 (+1)	1,556 (-4%)	5mo	$90,000	$58	69
820 Valley Rd	0.09mi	4/1.0 (+1)	1,435 (-11%)	6mo	$106,000	$74	64
601 41st St	0.30mi	3/1.0	1,442 (-11%)	3mo	$52,250	$36	62
1340 43rd St	0.56mi	3/2.0	1,540 (-5%)	7mo	$85,000	$55	60
521 41st St	0.38mi	3/1.0	1,800 (+11%)	8mo	$70,000	$39	53
3105 Avenue J	0.53mi	4/2.0 (+1)	1,434 (-11%)	3mo	$175,000	$122	50
513 Oak Pl	0.50mi	3/1.0	1,440 (-11%)	9mo	$30,000	$21	47
3100 Avenue J	0.54mi	3/1.0	1,409 (-13%)	7mo	$77,500	$55	44
1037 W 51st St	0.74mi	3/2.0	1,392 (-14%)	3mo	$174,000	$125	40
1310 43rd St	0.49mi	2/1.0 (-1)	1,401 (-13%)	9mo	$78,000	$56	39

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: 18.9%
• Equity multiple: 1.83×
• Total profit: $16,327
• Equity at exit: $15,080

10-year hold

• IRR: 25.2%
• Equity multiple: 3.47×
• Total profit: $48,300
• Equity at exit: $14,354

Cash invested: $19,572 (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: 5.2×

Monthly cashflow live

• Estimated rent: $1,122 high
• Mortgage (P&I): −$367
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $365

Break-even live

Break-even rent $661

Max offer price $69,900

Occupancy floor 62%

Sensitivity live

Price	-10% $404	-5% $385	+0% $365	+5% $345	+10% $325
Rent	-10% $276	-5% $320	+0% $365	+5% $409	+10% $453
Rate	-1.0pp $400	-0.5pp $383	base $365	+0.5pp $347	+1.0pp $328

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	45d	1	0.13mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	45d	1	0.20mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	12d	1	0.35mi
521 41st St Fairfield, AL	4.0	2.0	1800	$1,300	$0.72	45d	1	0.36mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	45d	1	0.38mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	5d	1	0.40mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	45d	1	0.40mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	45d	1	0.42mi
518 Oak Pl Fairfield, AL	3.0	1.0	1236	$875	$0.71	21d	1	0.46mi
513 Oak Pl Fairfield, AL	4.0	2.0	1440	$1,300	$0.90	25d	1	0.49mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	45d	1	0.53mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	5d	1	0.54mi
3100 Avenue J Birmingham, AL	3.0	1.0	1409	$1,000	$0.71	12d	1	0.55mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	45d	1	0.57mi
1301 32nd Street Ensley Birmingham, AL	3.0	1.0	1200	$975	$0.81	45d	1	0.59mi
3201 Avenue E Birmingham, AL	3.0	1.0	1056	$925	$0.88	45d	1	0.63mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	45d	1	0.64mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	45d	1	0.65mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	45d	1	0.65mi
2908 Avenue I Unit I Ensley, AL	3.0	1.0	1383	$1,025	$0.74	25d	1	0.68mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	5d	1	0.69mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	5d	1	0.70mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	45d	1	0.71mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	3d	1	0.72mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	25d	1	0.73mi
5300 Avenue I Birmingham, AL	4.0	2.0	1360	$1,500	$1.10	4d	1	0.74mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	45d	1	0.75mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	45d	1	0.75mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	5d	1	0.76mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	45d	1	0.76mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	13d	1	0.77mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	45d	1	0.78mi
2722 Avenue I Unit I Ensley, AL	4.0	1.0	1578	$1,000	$0.63	45d	1	0.79mi
328 54th St Unit B Fairfield, AL	2.0	1.0	1570	$750	$0.48	45d	1	0.80mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	5d	1	0.81mi
1520 33rd Street Ensley Birmingham, AL	4.0	2.0	1215	$1,275	$1.05	13d	1	0.81mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	13d	1	0.82mi
1524 33rd Street Ensley Birmingham, AL	4.0	2.0	1222	$1,095	$0.90	23d	1	0.82mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	25d	1	0.87mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	45d	1	0.88mi

Listing history 13 events

1. 2026-04-21
   status Pending
2. 2026-04-18
   historical Contingent
3. 2026-03-31
   price $69,900
4. 2026-02-27
   price $79,900
5. 2025-10-31
   price $54,900
6. 2025-09-22
   listed $89,900 Active
7. 2025-08-13
   soldstatus $1,052,840
8. 2022-07-07
   soldstatus $64,000 Sold 478-char remark

   Show marketing remark (478 chars)

   Portfolio opportunity in Birmingham market. Great chance to buy multiple cash flowing rentals at one time. 10 single family homes being sold as a portfolio package. Total rental income $8,562 per month - List Price for portfolio package $662,000. Send email for more information on this amazing opportunity. Listings MLS Numbers • 131554 • 1315575 • 1315576 • 1315563 • 1315574 • 1315577 • 1315578 • 1315579 • 1315580 • 1315581

9. 2022-05-18
   historical Contingent 478-char remark

   Show marketing remark (478 chars)

   Portfolio opportunity in Birmingham market. Great chance to buy multiple cash flowing rentals at one time. 10 single family homes being sold as a portfolio package. Total rental income $8,562 per month - List Price for portfolio package $662,000. Send email for more information on this amazing opportunity. Listings MLS Numbers • 131554 • 1315575 • 1315576 • 1315563 • 1315574 • 1315577 • 1315578 • 1315579 • 1315580 • 1315581

10. 2022-05-11
    price $69,000 478-char remark

    Show marketing remark (478 chars)

    Portfolio opportunity in Birmingham market. Great chance to buy multiple cash flowing rentals at one time. 10 single family homes being sold as a portfolio package. Total rental income $8,562 per month - List Price for portfolio package $662,000. Send email for more information on this amazing opportunity. Listings MLS Numbers • 131554 • 1315575 • 1315576 • 1315563 • 1315574 • 1315577 • 1315578 • 1315579 • 1315580 • 1315581

11. 2022-03-31
    listed $74,800 Active 478-char remark

    Show marketing remark (478 chars)

    Portfolio opportunity in Birmingham market. Great chance to buy multiple cash flowing rentals at one time. 10 single family homes being sold as a portfolio package. Total rental income $8,562 per month - List Price for portfolio package $662,000. Send email for more information on this amazing opportunity. Listings MLS Numbers • 131554 • 1315575 • 1315576 • 1315563 • 1315574 • 1315577 • 1315578 • 1315579 • 1315580 • 1315581

12. 2007-11-27
    soldstatus $53,500
13. 1998-03-31
    soldstatus $55,000

ⓘ 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: $1,514 · $126/mo
• Projected year-2 tax: $1,514 · $126/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 ≥107°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: $13,468
• − Mortgage interest: −$3,915
• − Property taxes: −$1,514
• − Insurance: −$350
• − Repairs & maintenance: −$1,077
• − Management: −$1,077
• − Depreciation: −$2,033
• Taxable income: $3,501
• Est. tax owed @ 24.0%: −$840
• After-tax cash flow: $3,537/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

+27.1% since first listed

13 events — show timeline

• 2026-04-21 Pending — Greater Alabama MLS
• 2026-04-18 Contingent — Greater Alabama MLS
• 2026-03-31 Price Changed $69,900 Greater Alabama MLS
• 2026-02-27 Price Changed $79,900 Greater Alabama MLS
• 2025-10-31 Price Changed $54,900 Greater Alabama MLS
• 2025-09-22 Listed $89,900 Greater Alabama MLS
• 2025-08-13 Sold (Public Records) $1,052,840 Public Records
• 2022-07-07 Sold (MLS) $64,000 Greater Alabama MLS
• 2022-05-18 Contingent — Greater Alabama MLS
• 2022-05-11 Price Changed $69,000 Greater Alabama MLS
• 2022-03-31 Listed $74,800 Greater Alabama MLS
• 2007-11-27 Sold (Public Records) $53,500 Public Records
• 1998-03-31 Sold (Public Records) $55,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $1,514 · +0.0% YoY. Source: county tax records.