3037 SW Wenonah Rd · Birmingham, AL 35211

$150,900

3 bd · 1.0 ba · 2,611 sqft · SingleFamily public records · 127 Days on market

Built 1966 10,018 sqft lot $58/sqft · 40% above area Est $174k · 14% under

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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 +26.1/30.0
• ARV discount +13.6/15.0
• DSCR +8.8/10.0
• 1% rule +6.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious all-brick home offers 4 bedrooms and 2 full bathrooms, providing plenty of room for comfortable living. A Spacious lot with storage unit. located at the back of the property adds extra flexibility—ideal for a home office, playroom, or additional living space. Additional driveway for parking multiple vehicles for your convenience. great for first-time buyers” or “investment opportunity”

Key facts

• 0.23 acre lot
• Garage
• Built 1966

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $151k.

Deal economics

• At list price, monthly cash flow is $380 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $151k).
• Recommended offer: $133k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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-, 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 soft (-0.0%/yr); 152 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• At $1,660/mo this rent would consume 57% of the median local household income ($35k/yr) (locally 2161% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 127 days — a 12% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago 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 $86k; list at $151k implies a 76% gain — meaningful room to come down on a strong offer.

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 $132,792 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 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 1966 — 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: 1.10% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.80%
• DSCR: 1.48
• GRM: 7.6

CMA / ARV

• ARV (median comp): $174,485
• List price: $150,900
• Delta: -13.52%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3063 Wenonah Park Pl	0.25mi	3/2.5	2,442 (-6%)	22mo	$177,380	$73	53

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-5,134
• Equity at exit: $22,500

10-year hold

• IRR: 2.9%
• Equity multiple: 1.18×
• Total profit: $7,748
• Equity at exit: $13,047

Cash invested: $42,252 (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 35211

• Rents YoY: -0.0%
• Active inventory: 152
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,660 medium
• Mortgage (P&I): −$791
• Tax from tax record: −$77 /mo · $920/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $380

Break-even live

Break-even rent $1,178

Max offer price $150,900

Occupancy floor 72%

Sensitivity live

Price	-10% $466	-5% $423	+0% $380	+5% $338	+10% $295
Rent	-10% $249	-5% $315	+0% $380	+5% $446	+10% $511
Rate	-1.0pp $456	-0.5pp $419	base $380	+0.5pp $341	+1.0pp $301

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: $37,725
• Closing costs: $4,527
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3020 Wenonah Park Pl SW Birmingham, AL	4.0	2.5	2200	$1,999	$0.91	2d	1	0.28mi
3225 Wenonah Rd SW Birmingham, AL	4.0	3.0	2154	$1,550	$0.72	2d	1	0.29mi
2548 28th St SW Birmingham, AL	3.0	2.0	1762	$1,000	$0.57	2d	1	0.67mi

Listing history 20 events

1. 2026-06-18
   days on market $150,900 Active 127 DOM
2. 2026-06-17
   days on market $150,900 Active 126 DOM
3. 2026-06-16
   days on market $150,900 Active 125 DOM
4. 2026-06-15
   days on market $150,900 Active 124 DOM
5. 2026-06-13
   days on market $150,900 Active 122 DOM
6. 2026-06-10
   days on market $150,900 Active 119 DOM
7. 2026-06-09
   days on market $150,900 Active 118 DOM
8. 2026-06-08
   days on market $150,900 Active 117 DOM
9. 2026-06-07
   days on market $150,900 Active 116 DOM
10. 2026-06-03
    days on market $150,900 Active 112 DOM
11. 2026-06-02
    days on market $150,900 Active 111 DOM
12. 2026-06-01
    days on market $150,900 Active 110 DOM
13. 2026-05-31
    days on market $150,900 Active 109 DOM
14. 2026-02-12
    listed $150,900 Active 426-char remark

    Show marketing remark (426 chars)

    This spacious all-brick home offers 4 bedrooms and 2 full bathrooms, providing plenty of room for comfortable living. A Spacious lot with storage unit. located at the back of the property adds extra flexibility—ideal for a home office, playroom, or additional living space. Additional driveway for parking multiple vehicles for your convenience. great for first-time buyers” or “investment opportunity”

15. 2026-01-31
    historical $150,900 426-char remark

    Show marketing remark (426 chars)

    This spacious all-brick home offers 4 bedrooms and 2 full bathrooms, providing plenty of room for comfortable living. A Spacious lot with storage unit. located at the back of the property adds extra flexibility—ideal for a home office, playroom, or additional living space. Additional driveway for parking multiple vehicles for your convenience. great for first-time buyers” or “investment opportunity”

16. 2025-09-16
    price $140,000
17. 2018-12-12
    soldstatus $85,950
18. 2018-12-07
    soldstatus $85,500 Sold
19. 2018-10-13
    historical Contingent
20. 2018-09-13
    listed $89,900 Active

ⓘ 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: $920 · $77/mo
• Projected year-2 tax: $920 · $77/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 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,918
• − Mortgage interest: −$8,453
• − Property taxes: −$920
• − Insurance: −$754
• − Repairs & maintenance: −$1,593
• − Management: −$1,593
• − Depreciation: −$4,390
• Taxable income: $2,214
• Est. tax owed @ 24.0%: −$531
• After-tax cash flow: $4,033/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+67.9% since first listed

7 events — show timeline

• 2026-02-12 Listed $150,900 Greater Alabama MLS
• 2026-01-31 Coming Soon $150,900 Greater Alabama MLS
• 2025-09-16 Price Changed $140,000 Greater Alabama MLS
• 2018-12-12 Sold (Public Records) $85,950 Public Records
• 2018-12-07 Sold (MLS) $85,500 Greater Alabama MLS
• 2018-10-13 Contingent — Greater Alabama MLS
• 2018-09-13 Listed $89,900 Greater Alabama MLS

Property tax history

+6.1%/yr

Latest (2025): $920 · +7.5% YoY. Source: county tax records.