215 2nd Ave · Birmingham, AL 35228

$85,000

3 bd · 1.0 ba · 976 sqft · SingleFamily public records · 274 Days on market

Built 1940 0.33 ac lot $87/sqft · 87% above area

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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
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +0.9/10.0

Listing remarks MLS

Now priced at just $95,000, this home is truly priced to sell! Situated on a 2 parcels, this 3 bed / 1 bath single-story home offers so much potential. Great investment opportunity—fix it up to rent or renovate for resale. A new heat/air system has already been installed in 2017, and the property also features a partial basement for added storage or utility space. Tons of parking with multiple driveways and garage. Conveniently located near shopping, schools, and churches, it’s an ideal spot for both investors and future homeowners. With plenty of upside, affordability, and built-in equity, this one is a don’t-miss opportunity. Currently tenant occupied with strong payment record and month to month lease with tenant paying $950 per month. Please do not disturb the tenant.

Key facts

• 0.33 acre lot
• Garage
• Built 1940

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $357 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $75k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.3% 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 (-1.5%/yr); 87 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $588 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $24k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 274 days — a 12% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $55k (39%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $85k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $74,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 274 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 1940 — 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: 1.42% ✓
• Cap rate: 11.34%
• Cash-on-cash: 18.02%
• DSCR: 1.80
• GRM: 5.9

CMA / ARV

• ARV (median comp): $49,612
• List price: $85,000
• Delta: 71.33%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Kappa Ave S	0.12mi	3/1.0	1,034 (+6%)	7mo	$25,000	$24	78
506 S Alpha St	0.36mi	3/1.0	944 (-3%)	11mo	$115,900	$123	69
1601 Center St S	0.50mi	3/1.0	988 (+1%)	10mo	$106,000	$107	66
44 17th Ct S	0.59mi	2/1.0 (-1)	946 (-3%)	2mo	$49,000	$52	60
804 S Beta St	0.51mi	3/1.0	936 (-4%)	18mo	$56,500	$60	55
1600 Center St S	0.51mi	2/1.0 (-1)	1,019 (+4%)	13mo	$115,000	$113	53
417 Goldwire St SW	0.55mi	3/1.0	1,107 (+13%)	2mo	$95,000	$86	50
18 6th Ave S	0.39mi	3/1.0	1,100 (+13%)	12mo	$40,000	$36	50
1717 Center Way S	0.59mi	2/1.5 (-1)	912 (-7%)	10mo	$125,000	$137	46
741 Center Pl	0.67mi	3/1.0	1,101 (+13%)	2mo	$141,000	$128	46
52 17th Ct S	0.60mi	2/1.0 (-1)	864 (-12%)	4mo	$75,000	$87	44
1609 Center St S	0.52mi	2/1.0 (-1)	852 (-13%)	17mo	$38,900	$46	36

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: 6.1%
• Equity multiple: 1.23×
• Total profit: $5,473
• Equity at exit: $12,674

10-year hold

• IRR: 12.6%
• Equity multiple: 1.86×
• Total profit: $20,491
• Equity at exit: $7,349

Cash invested: $23,800 (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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,208 high
• Mortgage (P&I): −$446
• Tax from tax record: −$116 /mo · $1,391/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $357

Break-even live

Break-even rent $756

Max offer price $85,000

Occupancy floor 65%

Sensitivity live

Price	-10% $406	-5% $381	+0% $357	+5% $333	+10% $309
Rent	-10% $262	-5% $310	+0% $357	+5% $405	+10% $453
Rate	-1.0pp $400	-0.5pp $379	base $357	+0.5pp $335	+1.0pp $313

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
112 Kappa Ave S Birmingham, AL	3.0	2.0	1034	$1,100	$1.06	44d	1	0.09mi
310 Gamma St S Birmingham, AL	3.0	1.5	1001	$1,200	$1.20	17d	1	0.27mi
313 Beta St S Unit 317A Birmingham, AL	2.0	1.0	850	$799	$0.94	3d	1	0.36mi
506 Alpha St S Birmingham, AL	3.0	1.0	944	$1,373	$1.45	44d	1	0.38mi
261 3rd Ave SW Birmingham, AL	1.0–2.0	1.0	634	$850	$1.34	4d	14	0.67mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	17d	1	0.69mi
413 Fulton Ave SW Birmingham, AL	3.0	1.0	940	$525	$0.56	4d	1	0.84mi
609 Idlewild Cir Apt B Birmingham, AL	2.0	1.0	705	$875	$1.24	4d	1	1.00mi
1101 10th Pl S Birmingham, AL	1.0–2.0	1.0–2.0	986	$1,825	$1.85	4d	11	1.03mi
691 Idlewild Cir Birmingham, AL	2.0	2.0	777	$1,382	$1.78	4d	3	1.04mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	12d	1	1.07mi
407 Green Springs Ave S Birmingham, AL	2.0	1.0	866	$2,000	$2.31	2d	1	1.18mi
624 4th Ct W Birmingham, AL	3.0	1.5	992	$1,250	$1.26	44d	1	1.20mi
1100 Cotton Ave SW Unit b Birmingham, AL	2.0	1.5	816	$988	$1.21	44d	1	1.22mi
1413 11th Pl S Birmingham, AL	2.0	1.0	829	$1,282	$1.55	44d	4	1.23mi
1508 4th Ave S Birmingham, AL	2.0	2.0	1142	$2,222	$1.95	4d	3	1.28mi
1131 16th Ave S Unit A Birmingham, AL	2.0	1.0	900	$1,215	$1.35	4d	1	1.28mi
1144 16th Ave S Birmingham, AL	1.0–2.0	1.0–1.5	720	$1,119	$1.55	4d	6	1.31mi
1165 14th Ave S Birmingham, AL	2.0	1.0	685	$1,178	$1.72	4d	1	1.31mi
1165 14th Ave S Unit 1165-3 Birmingham, AL	2.0	1.0	685	$1,097	$1.60	44d	1	1.31mi
1639 11th Pl S Apt D Birmingham, AL	2.0	1.0	845	$895	$1.06	12d	1	1.32mi
1639 11th Pl S Unit K Birmingham, AL	2.0	1.0	845	$875	$1.04	12d	1	1.32mi
617 7th St W Birmingham, AL	3.0	1.5	1120	$1,175	$1.05	44d	1	1.33mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	44d	1	1.36mi
2217-2249 Green Springs Hwy Unit 2249-E Birmingham, AL	2.0	1.0	900	$910	$1.01	44d	1	1.39mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	22d	1	1.39mi
908 4th Ave W Birmingham, AL	2.0	1.0	700	$745	$1.06	24d	1	1.41mi
1640 12th St S Unit 1640-J Birmingham, AL	2.0	1.0	760	$1,070	$1.41	22d	1	1.41mi
1644 12th St S Birmingham, AL	1.0–2.0	1.0	674	$1,222	$1.81	3d	2	1.42mi
1701 1st Ave S Birmingham, AL	1.0–2.0	1.0–2.0	889	$2,506	$2.82	3d	21	1.46mi
1000 4th Ave W Unit 4 Birmingham, AL	2.0	1.0	840	$823	$0.98	24d	1	1.47mi
1332 14th Ave S Birmingham, AL	2.0	1.5	892	$1,075	$1.21	24d	2	1.47mi
1322 15th Ave S Unit 1326-F Birmingham, AL	2.0	1.0	756	$1,134	$1.50	17d	1	1.49mi
1322 15th Ave S Birmingham, AL	2.0	1.0	582	$1,297	$2.23	4d	4	1.49mi
1322 15th Ave S Unit 1330-D Birmingham, AL	2.0	1.0	756	$1,128	$1.49	22d	1	1.49mi
1322 15th Ave S Unit 1328-A Birmingham, AL	2.0	1.0	756	$1,135	$1.50	17d	1	1.49mi

Listing history 9 events

1. 2026-05-31
   days on market $85,000 Active 274 DOM
2. 2026-01-17
   price $85,000 800-char remark

   Show marketing remark (800 chars)

   Now priced at just $95,000, this home is truly priced to sell! Situated on a 2 parcels, this 3 bed / 1 bath single-story home offers so much potential. Great investment opportunity—fix it up to rent or renovate for resale. A new heat/air system has already been installed in 2017, and the property also features a partial basement for added storage or utility space. Tons of parking with multiple driveways and garage. Conveniently located near shopping, schools, and churches, it’s an ideal spot for both investors and future homeowners. With plenty of upside, affordability, and built-in equity, this one is a don’t-miss opportunity. Currently tenant occupied with strong payment record and month to month lease with tenant paying $950 per month. Please do not disturb the tenant.

3. 2025-09-13
   price $95,000 800-char remark

   Show marketing remark (800 chars)

   Now priced at just $95,000, this home is truly priced to sell! Situated on a 2 parcels, this 3 bed / 1 bath single-story home offers so much potential. Great investment opportunity—fix it up to rent or renovate for resale. A new heat/air system has already been installed in 2017, and the property also features a partial basement for added storage or utility space. Tons of parking with multiple driveways and garage. Conveniently located near shopping, schools, and churches, it’s an ideal spot for both investors and future homeowners. With plenty of upside, affordability, and built-in equity, this one is a don’t-miss opportunity. Currently tenant occupied with strong payment record and month to month lease with tenant paying $950 per month. Please do not disturb the tenant.

4. 2025-09-05
   price $125,000 800-char remark

   Show marketing remark (800 chars)

   Now priced at just $95,000, this home is truly priced to sell! Situated on a 2 parcels, this 3 bed / 1 bath single-story home offers so much potential. Great investment opportunity—fix it up to rent or renovate for resale. A new heat/air system has already been installed in 2017, and the property also features a partial basement for added storage or utility space. Tons of parking with multiple driveways and garage. Conveniently located near shopping, schools, and churches, it’s an ideal spot for both investors and future homeowners. With plenty of upside, affordability, and built-in equity, this one is a don’t-miss opportunity. Currently tenant occupied with strong payment record and month to month lease with tenant paying $950 per month. Please do not disturb the tenant.

5. 2025-08-30
   listed $140,000 Active 800-char remark

   Show marketing remark (800 chars)

   Now priced at just $95,000, this home is truly priced to sell! Situated on a 2 parcels, this 3 bed / 1 bath single-story home offers so much potential. Great investment opportunity—fix it up to rent or renovate for resale. A new heat/air system has already been installed in 2017, and the property also features a partial basement for added storage or utility space. Tons of parking with multiple driveways and garage. Conveniently located near shopping, schools, and churches, it’s an ideal spot for both investors and future homeowners. With plenty of upside, affordability, and built-in equity, this one is a don’t-miss opportunity. Currently tenant occupied with strong payment record and month to month lease with tenant paying $950 per month. Please do not disturb the tenant.

6. 2021-10-04
   soldstatus $55,000
7. 2017-05-19
   soldstatus $20,000 Sold 159-char remark

   Show marketing remark (159 chars)

   Great investment home, fix this home to rent or resale. New heat/air system installed. Partial basement, 2 lots, convenient to shopping, schools, and churches.

8. 2017-04-28
   historical 159-char remark

   Show marketing remark (159 chars)

   Great investment home, fix this home to rent or resale. New heat/air system installed. Partial basement, 2 lots, convenient to shopping, schools, and churches.

9. 2017-03-13
   listed $24,900 Active 159-char remark

   Show marketing remark (159 chars)

   Great investment home, fix this home to rent or resale. New heat/air system installed. Partial basement, 2 lots, convenient to shopping, schools, and churches.

ⓘ 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: $1,391 · $116/mo
• Projected year-2 tax: $1,391 · $116/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 7/10 Severe 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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,498
• − Mortgage interest: −$4,761
• − Property taxes: −$1,391
• − Insurance: −$425
• − Repairs & maintenance: −$1,160
• − Management: −$1,160
• − Depreciation: −$2,473
• Taxable income: $3,129
• Est. tax owed @ 24.0%: −$751
• After-tax cash flow: $3,538/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): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+241.4% since first listed

8 events — show timeline

• 2026-01-17 Price Changed $85,000 Greater Alabama MLS
• 2025-09-13 Price Changed $95,000 Greater Alabama MLS
• 2025-09-05 Price Changed $125,000 Greater Alabama MLS
• 2025-08-30 Listed $140,000 Greater Alabama MLS
• 2021-10-04 Sold (Public Records) $55,000 Public Records
• 2017-05-19 Sold (MLS) $20,000 Greater Alabama MLS
• 2017-04-28 Delisted — Greater Alabama MLS
• 2017-03-13 Listed $24,900 Greater Alabama MLS

Property tax history

+5.9%/yr

Latest (2025): $1,391 · +7.0% YoY. Source: county tax records.