415 Gene Reed Dr · Birmingham, AL 35215

$114,900

3 bd · 1.0 ba · 1,178 sqft · SingleFamily public records · 6 Days on market

Built 1956 0.33 ac lot Est $115k · at est.

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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 +22.3/30.0
• ARV discount +7.7/15.0
• DSCR +7.1/10.0
• 1% rule +5.7/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Opportunity awaits at 415 Gene Reed Dr in Birmingham! This 3-bedroom, 1-bath home offers classic single-level living with plenty of potential for buyers looking to add their personal touch. Situated on a spacious lot, the property features a large front yard, covered front entry, and a convenient 1-car carport for added parking and storage. The home’s traditional layout provides a functional footprint with great possibilities for customization and updates to suit your style. Mature trees offer shade and privacy, while the generous outdoor space allows room for landscaping, entertaining, or future enhancements. Conveniently located near local schools, shopping, dining, and major roadwa

Key facts

• 1-car carport
• Large front yard
• Covered front entry

Tags

• LARGE FRONT YARD
• COVERED FRONT ENTRY
• 1-CAR CARPORT
• MATURE TREES
• GENEROUS OUTDOOR SPACE
• ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• Other: Lot size approximately 0.33 acres; Subdivision: Roebuck Park
• HOA & community: No association fee

Exterior

• Parking: Attached parking; One carport space
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability unknown
• Home design: Existing (previously built) property
• Construction: Siding (other) exterior; Crawl space foundation
• Exterior features: Fenced yard; No pool, patio, deck, or garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops; Electric stove
• Bedrooms: Three bedrooms on main level
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling; Ceiling fans
• Interior features: Ceilings noted as 'Other (See Remarks)'; No attic; No loft; No split level or split foyer; No special interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Cap rate 8.3% 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: Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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 $794 of loan paydown is wiped out by about $3k 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

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $114,900

Questions for the listing agent

1. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.07% ✓
• Cap rate: 8.26%
• Cash-on-cash: 7.04%
• DSCR: 1.31
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $115,444
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
808 Meadowbrook Dr	0.26mi	3/1.0	1,112 (-6%)	1mo	$149,900	$135	78
201 Carol Dr	0.33mi	3/1.0	1,096 (-7%)	2mo	$154,000	$141	71
328 Pat Ave	0.48mi	3/1.0	1,244 (+6%)	1mo	$93,500	$75	67
940 Meadowbrook Dr	0.50mi	4/1.0 (+1)	1,149 (-2%)	6mo	$108,000	$94	62
505 Ferndale Rd	0.68mi	3/1.0	1,215 (+3%)	1mo	$92,500	$76	62
437 Dalton Dr	0.17mi	3/2.0	1,002 (-15%)	4mo	$103,000	$103	60
321 Joan Ave	0.51mi	3/1.0	1,294 (+10%)	2mo	$121,000	$94	58
458 Gene Reed Rd	0.17mi	3/2.0	1,350 (+15%)	8mo	$145,000	$107	58
936 Parkway Dr	0.43mi	2/1.0 (-1)	1,062 (-10%)	3mo	$104,500	$98	56
204 Boxwood Cir	0.66mi	3/1.0	1,252 (+6%)	4mo	$70,000	$56	55
120 Roebuck Dr	0.69mi	3/2.0	1,247 (+6%)	8mo	$105,000	$84	47
744 Rose Dr NE	0.54mi	3/1.0	1,008 (-14%)	5mo	$135,000	$134	47

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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.80×
• Total profit: $-6,532
• Equity at exit: $17,132

10-year hold

• IRR: 4.3%
• Equity multiple: 1.31×
• Total profit: $10,046
• Equity at exit: $9,934

Cash invested: $32,172 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,230 high
• Mortgage (P&I): −$603
• Tax from tax record: −$132 /mo · $1,586/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$258
• Net cashflow: $189

Break-even live

Break-even rent $991

Max offer price $114,900

Occupancy floor 80%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	21d	1	0.09mi
628 Annie Laura Dr Birmingham, AL	3.0	1.0	844	$1,195	$1.42	44d	1	0.12mi
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	44d	1	0.30mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	24d	1	0.31mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	44d	1	0.33mi
201 Rose Dr Birmingham, AL	3.0	1.0	972	$1,100	$1.13	16d	1	0.36mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	44d	1	0.38mi
603 Camp Ct Birmingham, AL	3.0	1.0	936	$1,300	$1.39	44d	1	0.40mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.41mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.43mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	44d	1	0.48mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	44d	1	0.55mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	44d	1	0.64mi
9228 Brookhurst Dr Birmingham, AL	3.0	1.0	1146	$999	$0.87	44d	1	0.67mi
9844 Greenlee Rd Birmingham, AL	3.0	1.0	1046	$950	$0.91	44d	1	0.69mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	24d	1	0.78mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.78mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	2d	1	0.79mi
204 McCormick Ave Birmingham, AL	3.0	1.0	880	$980	$1.11	3d	1	0.82mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	0.83mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	2d	1	0.83mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	44d	1	0.89mi
252 Meadowdale Ave Birmingham, AL	3.0	1.0	920	$995	$1.08	44d	1	0.91mi
209 Tucker Ave Birmingham, AL	3.0	1.0	1044	$1,100	$1.05	44d	1	0.91mi
600 Sundale Dr Birmingham, AL	2.0	1.0	950	$800	$0.84	44d	1	0.94mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	12d	1	0.96mi
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	44d	1	1.01mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	1.06mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	24d	1	1.07mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	16d	1	1.15mi
837 Wear Dr Birmingham, AL	3.0	2.0	936	$1,295	$1.38	2d	1	1.18mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	15d	1	1.20mi
8917 Roebuck Blvd Apt 11 Birmingham, AL	2.0	1.0	880	$725	$0.82	16d	1	1.25mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	44d	1	1.29mi
1108 Sherwood Forest Dr Birmingham, AL	3.0	1.5	1118	$1,370	$1.23	44d	1	1.35mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	1.39mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	44d	1	1.42mi
1028 Broadmoor Dr Birmingham, AL	3.0	1.0	1079	$1,085	$1.01	3d	1	1.42mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	1.47mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	24d	1	1.48mi

Listing history 6 events

1. 2026-06-18
   days on market $114,900 Active 6 DOM
2. 2026-06-17
   days on market $114,900 Active 5 DOM
3. 2026-06-16
   days on market $114,900 Active 4 DOM
4. 2026-06-15
   days on market $114,900 Active 3 DOM
5. 2026-06-13
   remarks 693-char remark
6. 2026-06-13
   listed $114,900 Active 1 DOM

ⓘ 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: $1,586 · $132/mo
• Projected year-2 tax: $1,586 · $132/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 X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°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: $14,756
• − Mortgage interest: −$6,436
• − Property taxes: −$1,586
• − Insurance: −$574
• − Repairs & maintenance: −$1,180
• − Management: −$1,180
• − Depreciation: −$3,343
• Taxable income: $455
• Est. tax owed @ 24.0%: −$109
• After-tax cash flow: $2,156/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): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+70.9% since first listed

4 events — show timeline

• 2026-06-11 Listed $114,900 Greater Alabama MLS
• 2025-12-19 Sold (Public Records) $951,400 Public Records
• 2018-10-25 Sold (Public Records) $148,000 Public Records
• 2003-10-10 Sold (Public Records) $67,250 Public Records

Property tax history

+10.6%/yr

Latest (2025): $1,586 · +4.2% YoY. Source: county tax records.