216 Kappa Ave · Birmingham, AL 35205

$44,900

4 bd · 2.0 ba · 1,376 sqft · SingleFamily public records · 133 Days on market

Built 1952 7,405 sqft lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Renovated home in Titusville! 3 bedroom, 2 full bathroom with fireplace in the living room. The kitchen features an electric cooktop, convection over and built in dishwasher. There are several updates such as - energy efficient tankless water heater, painting and some bathroom fixtures. There's a large deck off the back of the house to enjoy the outdoors. Open house most Saturdays and Sundays 10:00 am - 3:30 pm. House is being sold As Is.

Key facts

• 7,405 sq ft lot
• Built 1952
• Listed 133 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $644 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $40k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.5% 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: Washington K8 (math 5% / reading 18%, grade F, #556 of 627 statewide, top 89%, 567 students, 92% FRL); Parker High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 826 students, 90% FRL).
• Market conditions: Rents rising (+2.6%/yr); 125 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% 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).
• This rent runs 30% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $310 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 (-3.0% appreciation + 2.6% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($40k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 10y ago; this cycle's ask is 3107% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: property tax is 3.2% of price; built in 1952 — 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 $39,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 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 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.87% ✓
• Cap rate: 23.51%
• Cash-on-cash: 61.48%
• DSCR: 3.74
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $125,216
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
50 1st Ave S	0.22mi	4/2.0	1,400 (+2%)	4mo	$22,000	$16	83
9 6th Ave	0.53mi	3/2.0 (-1)	1,326 (-4%)	12mo	$120,000	$90	55
45 5th Ct	0.38mi	3/2.0 (-1)	1,200 (-13%)	6mo	$152,500	$127	51
406 Goldwire Ter SW	0.71mi	3/2.0 (-1)	1,400 (+2%)	11mo	$219,000	$156	50
457 Iota Ave S	0.29mi	3/2.0 (-1)	1,537 (+12%)	15mo	$160,000	$104	50
404 Goldwire Ter SW	0.70mi	3/2.0 (-1)	1,400 (+2%)	13mo	$219,900	$157	49
31 4th Ave	0.34mi	3/1.0 (-1)	1,540 (+12%)	10mo	$80,000	$52	47
612 2nd St SW	0.60mi	3/1.0 (-1)	1,320 (-4%)	13mo	$76,000	$58	46
1724 Center St S	0.67mi	3/2.0 (-1)	1,250 (-9%)	4mo	$175,493	$140	45
1724 1st Pl S	0.69mi	3/1.0 (-1)	1,250 (-9%)	1mo	$85,000	$68	42
920 6th Pl SW	0.73mi	3/1.0 (-1)	1,484 (+8%)	6mo	$135,000	$91	39
629 Center Pl SW	0.62mi	3/1.0 (-1)	1,197 (-13%)	7mo	$65,500	$55	35

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: 59.9%
• Equity multiple: 3.65×
• Total profit: $33,279
• Equity at exit: $6,695

10-year hold

• IRR: 64.5%
• Equity multiple: 7.35×
• Total profit: $79,889
• Equity at exit: $3,882

Cash invested: $12,572 (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 35205

• Rents YoY: 2.6%
• Active inventory: 125
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$235
• Tax from tax record: −$120 /mo · $1,443/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $644

Break-even live

Break-even rent $474

Max offer price $44,900

Occupancy floor 45%

Sensitivity live

Price	-10% $670	-5% $657	+0% $644	+5% $631	+10% $619
Rent	-10% $542	-5% $593	+0% $644	+5% $695	+10% $746
Rate	-1.0pp $667	-0.5pp $656	base $644	+0.5pp $633	+1.0pp $621

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 25 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	45d	1	0.08mi
310 Gamma St S Birmingham, AL	3.0	1.5	1001	$1,200	$1.20	17d	1	0.29mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	25d	1	0.39mi
506 Alpha St S Birmingham, AL	3.0	1.0	944	$1,373	$1.45	45d	1	0.40mi
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	45d	1	0.44mi
806 Gamma St S Birmingham, AL	3.0	1.0	1252	$1,200	$0.96	45d	1	0.60mi
451 2nd St N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	45d	1	0.73mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	17d	1	0.76mi
413 Fulton Ave SW Birmingham, AL	3.0	1.0	940	$525	$0.56	4d	1	0.82mi
608 Fulton Ave SW Birmingham, AL	3.0	1.0	1271	$1,300	$1.02	45d	1	0.94mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	45d	1	0.95mi
820 McMillon Ave SW Birmingham, AL	5.0	2.0	1795	$1,350	$0.75	45d	1	0.98mi
2009 Hollins Dr Birmingham, AL	5.0	1.5	1536	$1,400	$0.91	45d	1	0.99mi
644 Alabama Ave SW Birmingham, AL	3.0	1.0	1274	$1,125	$0.88	25d	1	1.04mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	13d	1	1.06mi
624 4th Ct W Birmingham, AL	3.0	1.5	992	$1,250	$1.26	45d	1	1.17mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	45d	1	1.18mi
724 4th Ct W Birmingham, AL	3.0	1.0	1300	$930	$0.72	45d	1	1.24mi
617 7th St W Birmingham, AL	3.0	1.5	1120	$1,175	$1.05	45d	1	1.29mi
410 8th Ter W Birmingham, AL	3.0	1.0	1440	$1,200	$0.83	17d	1	1.32mi
854 5th St W Birmingham, AL	3.0	1.0	1501	$1,275	$0.85	45d	1	1.37mi
963 3rd St W Birmingham, AL	3.0	2.0	1444	$1,295	$0.90	25d	1	1.40mi
827 6th Ave W Birmingham, AL	3.0	1.0	1214	$1,075	$0.89	25d	1	1.42mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	22d	1	1.45mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	45d	1	1.49mi

Listing history 28 events

1. 2026-05-14
   price $1,300
2. 2026-04-07
   listed $1,400
3. 2025-05-26
   historical $1,450
4. 2025-05-01
   historical $1,450
5. 2025-05-01
   listed $1,450
6. 2025-03-25
   listed $1,450
7. 2024-07-19
   status Pending
8. 2024-06-26
   price $44,900
9. 2024-06-14
   status Active
10. 2024-06-06
    historical
11. 2024-06-02
    price $49,900
12. 2024-05-16
    price $54,900
13. 2024-04-23
    price $59,900
14. 2024-03-23
    price $67,500
15. 2024-03-12
    status Active
16. 2024-03-06
    historical
17. 2024-02-22
    listed $74,900 Active
18. 2023-02-02
    soldstatus $55,000 Sold 442-char remark

    Show marketing remark (442 chars)

    Renovated home in Titusville! 3 bedroom, 2 full bathroom with fireplace in the living room. The kitchen features an electric cooktop, convection over and built in dishwasher. There are several updates such as - energy efficient tankless water heater, painting and some bathroom fixtures. There's a large deck off the back of the house to enjoy the outdoors. Open house most Saturdays and Sundays 10:00 am - 3:30 pm. House is being sold As Is.

19. 2023-01-31
    status Pending 442-char remark

    Show marketing remark (442 chars)

    Renovated home in Titusville! 3 bedroom, 2 full bathroom with fireplace in the living room. The kitchen features an electric cooktop, convection over and built in dishwasher. There are several updates such as - energy efficient tankless water heater, painting and some bathroom fixtures. There's a large deck off the back of the house to enjoy the outdoors. Open house most Saturdays and Sundays 10:00 am - 3:30 pm. House is being sold As Is.

20. 2023-01-12
    historical Contingent 442-char remark

    Show marketing remark (442 chars)

    Renovated home in Titusville! 3 bedroom, 2 full bathroom with fireplace in the living room. The kitchen features an electric cooktop, convection over and built in dishwasher. There are several updates such as - energy efficient tankless water heater, painting and some bathroom fixtures. There's a large deck off the back of the house to enjoy the outdoors. Open house most Saturdays and Sundays 10:00 am - 3:30 pm. House is being sold As Is.

21. 2022-12-15
    listed $100,800 Active 442-char remark

    Show marketing remark (442 chars)

    Renovated home in Titusville! 3 bedroom, 2 full bathroom with fireplace in the living room. The kitchen features an electric cooktop, convection over and built in dishwasher. There are several updates such as - energy efficient tankless water heater, painting and some bathroom fixtures. There's a large deck off the back of the house to enjoy the outdoors. Open house most Saturdays and Sundays 10:00 am - 3:30 pm. House is being sold As Is.

22. 2016-05-18
    soldstatus $8,000 Sold 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

23. 2016-04-27
    historical 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

24. 2016-04-15
    status Pending 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

25. 2016-04-12
    status Active 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

26. 2016-01-30
    status Pending 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

27. 2016-01-27
    listed $8,000 Active 523-char remark

    Show marketing remark (523 chars)

    Conveniently located to shopping, schools and the interstate, this 3 bedroom, 2-full bathroom home sits on a nice-sized flat, fenced lot lot with a storage shed, deck and covered front porch! Inside the rooms are large, especially the family room with brick fireplace. There is also a separate living room, and the kitchen has been updated with newer cabinets, counter tops and flooring. The bedrooms are ample-sized and have hardwood flooring. Right of redemption may apply. Contact your agent today to schedule a showing.

28. 2015-12-11
    price $9,600

ⓘ 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: $1,443 · $120/mo
• Projected year-2 tax: $1,443 · $120/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: $15,471
• − Mortgage interest: −$2,515
• − Property taxes: −$1,443
• − Insurance: −$224
• − Repairs & maintenance: −$1,238
• − Management: −$1,238
• − Depreciation: −$1,306
• Taxable income: $7,508
• Est. tax owed @ 24.0%: −$1,802
• After-tax cash flow: $5,928/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): 18,858
• Household income: $51,158
• Rent vs Own: 67.2% rent · 32.8% own
• Severe rent burden: 1468.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 26% Hispanic / Latino 5% Asian 5% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -199.42%
• Current HPI: 291.38
• Rent YoY: ▲ 2.59%
• 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

-86.5% since first listed

28 events — show timeline

• 2026-05-14 Price Changed $1,300 BUILDIUM
• 2026-04-07 Listed for Rent $1,400 BUILDIUM
• 2025-05-26 Rental Removed $1,450 TENANTTURNER2
• 2025-05-01 Rental Removed $1,450 BUILDIUM
• 2025-05-01 Listed for Rent $1,450 TENANTTURNER2
• 2025-03-25 Listed for Rent $1,450 BUILDIUM
• 2024-07-19 Pending — Greater Alabama MLS
• 2024-06-26 Price Changed $44,900 Greater Alabama MLS
• 2024-06-14 Relisted — Greater Alabama MLS
• 2024-06-06 Delisted — Greater Alabama MLS
• 2024-06-02 Price Changed $49,900 Greater Alabama MLS
• 2024-05-16 Price Changed $54,900 Greater Alabama MLS
• 2024-04-23 Price Changed $59,900 Greater Alabama MLS
• 2024-03-23 Price Changed $67,500 Greater Alabama MLS
• 2024-03-12 Relisted — Greater Alabama MLS
• 2024-03-06 Delisted — Greater Alabama MLS
• 2024-02-22 Listed $74,900 Greater Alabama MLS
• 2023-02-02 Sold (MLS) $55,000 Greater Alabama MLS
• 2023-01-31 Pending — Greater Alabama MLS
• 2023-01-12 Contingent — Greater Alabama MLS
• 2022-12-15 Listed $100,800 Greater Alabama MLS
• 2016-05-18 Sold (MLS) $8,000 Greater Alabama MLS
• 2016-04-27 Delisted — Greater Alabama MLS
• 2016-04-15 Pending — Greater Alabama MLS
• 2016-04-12 Relisted — Greater Alabama MLS
• 2016-01-30 Pending — Greater Alabama MLS
• 2016-01-27 Listed $8,000 Greater Alabama MLS
• 2015-12-11 Price Changed $9,600 Greater Alabama MLS

Property tax history

+14.2%/yr

Latest (2025): $1,443 · +9.9% YoY. Source: county tax records.