1924 Clover Dr · Birmingham, AL 35214

$130,000

3 bd · 2.0 ba · 1,078 sqft · SingleFamily public records · 155 Days on market

Built 1992 7,840 sqft lot $121/sqft · at area comps Est $136k · at est.

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Why this score? — see what drove the D+ 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 +20.2/30.0
• ARV discount +9.4/15.0
• DSCR +6.4/10.0
• 1% rule +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for your first home? This one checks the boxes—affordable, practical, and ready for your personal touch. A great entry point into a growing area.

Key facts

• 7,840 sq ft lot
• Built 1992
• Listed 154 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $165 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $121k (7.0% below list).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.8% vs local median 6.2% in Birmingham — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Rents flat; 116 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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 $899 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.

Negotiation context

• It's been on market 155 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $90k; 44% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 155 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.93% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.43%
• DSCR: 1.24
• GRM: 9.0

CMA / ARV

• ARV (median comp): $135,653
• List price: $130,000
• Delta: -4.17%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
714 Spring St	0.29mi	3/2.0	1,082 (+0%)	15mo	$120,000	$111	73
1972 Castleberry Way	0.11mi	3/1.0	1,164 (+8%)	10mo	$105,000	$90	69
1815 Huntington Dr	0.17mi	3/2.0	1,158 (+7%)	14mo	$103,000	$89	68
1806 Huntington Dr	0.23mi	3/1.0	1,189 (+10%)	13mo	$141,000	$119	58
1929 Linden Dr	0.07mi	3/2.0	1,212 (+12%)	24mo	$140,000	$116	56
605 Forestdale Blvd	0.67mi	3/1.0	1,060 (-2%)	15mo	$115,000	$108	49

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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.63×
• Total profit: $-13,304
• Equity at exit: $19,383

10-year hold

• IRR: -4.0%
• Equity multiple: 0.76×
• Total profit: $-8,804
• Equity at exit: $11,240

Cash invested: $36,400 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,209 high
• Mortgage (P&I): −$682
• Tax from tax record: −$54 /mo · $649/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $165

Break-even live

Break-even rent $1,000

Max offer price $130,000

Occupancy floor 81%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1739 Huntington Dr Birmingham, AL	3.0	2.0	1008	$1,150	$1.14	3d	1	0.22mi
609 Cherry Ave Birmingham, AL	3.0	1.5	1104	$1,495	$1.35	23d	1	0.56mi
1425 Hibernian St Birmingham, AL	3.0	1.0	1152	$1,200	$1.04	23d	1	0.74mi
408 Miles Ave Birmingham, AL	3.0	2.0	1377	$1,050	$0.76	21d	1	0.79mi
213 Beech Ave Birmingham, AL	3.0	1.0	1288	$1,000	$0.78	19d	1	0.82mi
1411 Magnolia Dr Unit 1411 Birmingham, AL	2.0	1.0	867	$950	$1.10	43d	1	0.98mi
128 Thomas Cir Birmingham, AL	3.0	1.0	777	$2,550	$3.28	43d	1	1.03mi
1174 16th Avenue Thomas Birmingham, AL	2.0	1.0	1000	$750	$0.75	43d	1	1.09mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	23d	1	1.11mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	43d	1	1.13mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	43d	1	1.20mi
3732 4th St W Birmingham, AL	4.0	1.0	1185	$900	$0.76	43d	1	1.39mi
315 Avenue U Birmingham, AL	3.0	1.0	1088	$1,200	$1.10	3d	1	1.43mi

Listing history 16 events

1. 2026-06-18
   days on market $130,000 Active 155 DOM
2. 2026-06-17
   days on market $130,000 Active 154 DOM
3. 2026-06-16
   days on market $130,000 Active 153 DOM
4. 2026-06-15
   days on market $130,000 Active 152 DOM
5. 2026-06-13
   days on market $130,000 Active 150 DOM
6. 2026-06-10
   days on market $130,000 Active 147 DOM
7. 2026-06-09
   days on market $130,000 Active 146 DOM
8. 2026-06-08
   days on market $130,000 Active 145 DOM
9. 2026-06-07
   days on market $130,000 Active 144 DOM
10. 2026-06-03
    days on market $130,000 Active 140 DOM
11. 2026-06-02
    days on market $130,000 Active 139 DOM
12. 2026-06-01
    days on market $130,000 Active 138 DOM
13. 2026-05-31
    days on market $130,000 Active 137 DOM
14. 2026-01-15
    listed $130,000 Active 159-char remark

    Show marketing remark (159 chars)

    Looking for your first home? This one checks the boxes—affordable, practical, and ready for your personal touch. A great entry point into a growing area.

15. 2026-01-08
    historical $130,000 159-char remark

    Show marketing remark (159 chars)

    Looking for your first home? This one checks the boxes—affordable, practical, and ready for your personal touch. A great entry point into a growing area.

16. 2006-07-12
    soldstatus $90,000

ⓘ 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: $649 · $54/mo
• Projected year-2 tax: $649 · $54/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 4/10 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,503
• − Mortgage interest: −$7,282
• − Property taxes: −$649
• − Insurance: −$650
• − Repairs & maintenance: −$1,160
• − Management: −$1,160
• − Depreciation: −$3,782
• Taxable loss: −$180
• Est. tax savings @ 24.0%: +$43
• After-tax cash flow: $2,021/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): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

+44.4% since first listed

3 events — show timeline

• 2026-01-15 Listed $130,000 Greater Alabama MLS
• 2026-01-08 Coming Soon $130,000 Greater Alabama MLS
• 2006-07-12 Sold (Public Records) $90,000 Public Records

Property tax history

+2.6%/yr

Latest (2024): $649 · +0.0% YoY. Source: county tax records.