1816 Princeton Ave SW · Birmingham, AL 35211

$125,000

3 bd · 2.0 ba · 2,448 sqft · SingleFamily public records · 17 Days on market

Built 1930 6,534 sqft lot $51/sqft · 34% above area

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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 +24.9/30.0
• DSCR +8.1/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• 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

Don't miss your opportunity to own this spacious home! This home features beautiful hardwood floors throughout. There are two bedrooms and a full bathroom downstairs and two bedrooms and a full bathroom upstairs located in one of the rooms. yes you heard right, this 4bedroom 2 full bath home is located in a desirable neighborhood close to the new & beautiful Crossplex, close to area mall, Major grocery stores , shopping, parks, schools and more. Come and see for your self. .. ..

Key facts

• Close to parks
• Close to crossplex
• Close to shopping

Tags

• HARDWOOD FLOORS
• CLOSE TO CROSSPLEX
• CLOSE TO AREA MALL
• CLOSE TO GROCERY STORES
• CLOSE TO SHOPPING
• CLOSE TO PARKS

Property features AI

Finance

• Other: Lot size approximately 0.15 acres

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing construction; 4-side brick construction
• Construction: Crawl space foundation
• Exterior features: Fenced yard; Open patio

Interior

• Kitchen: Laminate countertops
• Bedrooms: Multiple bedrooms on main and upper levels (bedrooms on main level and bedrooms on level 2+)
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms; Tub/shower combos
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 9+ foot smooth ceilings; Wood-burning fireplace with brick surround in the living room; Tri-level: no; Split level: no; Split foyer: no
• Laundry & utility: Laundry room on the main level; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $267 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% 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: West End Academy (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 503 students, 81% FRL); Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 83% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 152 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• At $1,358/mo this rent would consume 47% 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 $864 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 17 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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 $70k; list at $125k implies a 79% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $123,125 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — 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: 1.09% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.16%
• DSCR: 1.41
• GRM: 7.7

CMA / ARV

• ARV (median comp): $73,859
• List price: $125,000
• Delta: 69.24%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1212 Mims St SW	0.58mi	3/1.0	2,104 (-14%)	6mo	$40,000	$19	41

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: -5.7%
• Equity multiple: 0.79×
• Total profit: $-7,225
• Equity at exit: $18,638

10-year hold

• IRR: 0.1%
• Equity multiple: 1.01×
• Total profit: $190
• Equity at exit: $10,808

Cash invested: $35,000 (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: 7.7×

Monthly cashflow live

• Estimated rent: $1,358 high
• Mortgage (P&I): −$656
• Tax from tax record: −$98 /mo · $1,173/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$285
• Net cashflow: $267

Break-even live

Break-even rent $1,019

Max offer price $125,000

Occupancy floor 75%

Sensitivity live

Price	-10% $338	-5% $303	+0% $267	+5% $232	+10% $197
Rent	-10% $160	-5% $214	+0% $267	+5% $321	+10% $375
Rate	-1.0pp $330	-0.5pp $299	base $267	+0.5pp $235	+1.0pp $202

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1900 Saint Charles Ave SW Birmingham, AL	4.0	2.0	1623	$1,350	$0.83	2d	1	0.23mi
504 Francis Pl SW Birmingham, AL	3.0	2.0	1816	$1,223	$0.67	24d	1	0.28mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	44d	1	0.72mi
2320 Wesley Ave SW Birmingham, AL	4.0	1.0	1865	$1,200	$0.64	11d	1	0.73mi
1204 15th Way SW Birmingham, AL	4.0	3.0	1715	$1,400	$0.82	44d	1	0.80mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	2d	1	0.87mi
4612 Terrace S Birmingham, AL	3.0	1.0	1612	$1,050	$0.65	44d	1	0.95mi
1213 Alabama Ave SW Birmingham, AL	4.0	2.0	1616	$1,200	$0.74	44d	1	0.96mi
1408 16th St SW Birmingham, AL	3.0	2.0	2076	$1,150	$0.55	44d	1	0.97mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	4d	1	1.22mi
1501 21st St SW Birmingham, AL	3.0	2.0	1758	$1,250	$0.71	44d	1	1.23mi
2920 24th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1800	$1,050	$0.58	24d	1	1.29mi
2720 23rd Street Ensley Birmingham, AL	4.0	2.0	1692	$1,500	$0.89	20d	1	1.36mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	2d	1	1.36mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	44d	1	1.42mi
1701 4th Ter W Birmingham, AL	4.0	2.5	1977	$1,550	$0.78	24d	1	1.44mi
108 E Ann Dr SW Birmingham, AL	4.0	2.0	1628	$1,495	$0.92	24d	1	1.44mi
1633 29th St SW Birmingham, AL	3.0	2.0	1658	$1,200	$0.72	44d	1	1.47mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	44d	1	1.49mi

Listing history 8 events

1. 2026-06-02
   status $125,000 Pending 17 DOM
2. 2026-06-01
   days on market $125,000 Active 17 DOM
3. 2026-05-31
   days on market $125,000 Active 16 DOM
4. 2026-05-15
   listed $129,000 Active 419-char remark
5. 2024-03-11
   soldstatus $70,000 Sold 489-char remark

   Show marketing remark (489 chars)

   Don't miss your opportunity to own this spacious home! This home features beautiful hardwood floors throughout. There are two bedrooms and a full bathroom downstairs and two bedrooms and a full bathroom upstairs located in one of the rooms. yes you heard right, this 4bedroom 2 full bath home is located in a desirable neighborhood close to the new & beautiful Crossplex, close to area mall, Major grocery stores , shopping, parks, schools and more. Come and see for your self. .. ..

6. 2024-01-31
   historical Contingent 489-char remark

   Show marketing remark (489 chars)

   Don't miss your opportunity to own this spacious home! This home features beautiful hardwood floors throughout. There are two bedrooms and a full bathroom downstairs and two bedrooms and a full bathroom upstairs located in one of the rooms. yes you heard right, this 4bedroom 2 full bath home is located in a desirable neighborhood close to the new & beautiful Crossplex, close to area mall, Major grocery stores , shopping, parks, schools and more. Come and see for your self. .. ..

7. 2024-01-10
   listed $110,000 Active 489-char remark

   Show marketing remark (489 chars)

   Don't miss your opportunity to own this spacious home! This home features beautiful hardwood floors throughout. There are two bedrooms and a full bathroom downstairs and two bedrooms and a full bathroom upstairs located in one of the rooms. yes you heard right, this 4bedroom 2 full bath home is located in a desirable neighborhood close to the new & beautiful Crossplex, close to area mall, Major grocery stores , shopping, parks, schools and more. Come and see for your self. .. ..

8. 1975-03-01
   soldstatus $23,000

ⓘ 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: $1,173 · $98/mo
• Projected year-2 tax: $1,173 · $98/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 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: $16,293
• − Mortgage interest: −$7,002
• − Property taxes: −$1,173
• − Insurance: −$625
• − Repairs & maintenance: −$1,303
• − Management: −$1,303
• − Depreciation: −$3,636
• Taxable income: $1,250
• Est. tax owed @ 24.0%: −$300
• After-tax cash flow: $2,908/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

+443.5% since first listed

7 events — show timeline

• 2026-06-01 Pending — Greater Alabama MLS
• 2026-05-26 Price Changed $125,000 Greater Alabama MLS
• 2026-05-15 Listed $129,000 Greater Alabama MLS
• 2024-03-11 Sold (MLS) $70,000 Greater Alabama MLS
• 2024-01-31 Contingent — Greater Alabama MLS
• 2024-01-10 Listed $110,000 Greater Alabama MLS
• 1975-03-01 Sold (Public Records) $23,000 Public Records

Property tax history

-3.1%/yr

Latest (2025): $1,173 · -6.5% YoY. Source: county tax records.