3300 Avenue Q · Birmingham, AL 35208

$39,000

3 bd · 1.0 ba · 1,106 sqft · SingleFamily public records · 40 Days on market

Built 1954 $35/sqft · 45% below 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor special in Ensley! This 2 bedroom 1 bath offers 1,227 square feet and is priced to sell. Property needs repairs and updates but has solid potential as a rental or flip. No central HVAC and garage door is missing. Conveniently located with easy access to downtown Birmingham. Sold as-is. Cash or conventional only.

Key facts

• Built 1954
• Listed 40 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $39k.

Deal economics

• At list price, monthly cash flow is $626 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Recommended offer: $38k (3.0% below list) — sets the bar for market timing.
• Cap rate 25.6% 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 rising fast (+7.2%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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).
• This rent runs 36% of the median local income ($39k/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 $270 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 + 7.2% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $15k; list at $39k implies a 160% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $37,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.99% ✓
• Cap rate: 25.55%
• Cash-on-cash: 68.78%
• DSCR: 4.06
• GRM: 2.8

CMA / ARV

• ARV (median comp): $78,386
• List price: $39,000
• Delta: -50.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3300 Avenue Q	0.00mi	2/1.0 (-1)	1,227 (+11%)	0mo	$35,000	$29	76
1515 35th St	0.24mi	3/1.5	1,205 (+9%)	1mo	$80,000	$66	71
1516 32nd St	0.21mi	2/1.0 (-1)	1,028 (-7%)	4mo	$57,000	$55	70
4732 Terrace	0.60mi	3/1.0	1,125 (+2%)	0mo	$29,500	$26	69
1604 44th St	0.46mi	2/1.0 (-1)	1,100 (-0%)	6mo	$53,000	$48	67
1429 33rd Street Ensley	0.28mi	2/1.0 (-1)	1,016 (-8%)	2mo	$45,000	$44	67
1414 27th St	0.45mi	3/1.0	1,170 (+6%)	4mo	$50,000	$43	66
1309 41st St	0.54mi	3/1.0	1,070 (-3%)	5mo	$106,000	$99	65
1820 33rd St	0.20mi	2/1.0 (-1)	1,212 (+10%)	7mo	$40,000	$33	64
1836 Bessemer Rd	0.40mi	3/1.0	1,258 (+14%)	4mo	$55,000	$44	55
1205 41st Street Ensley	0.62mi	3/1.0	1,204 (+9%)	2mo	$125,000	$104	55
4829 Avenue	0.72mi	3/1.0	1,247 (+13%)	5mo	$50,000	$40	42

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 73.1%
• Equity multiple: 4.55×
• Total profit: $38,766
• Equity at exit: $5,815

10-year hold

• IRR: 78.2%
• Equity multiple: 10.93×
• Total profit: $108,454
• Equity at exit: $3,372

Cash invested: $10,920 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,166 high
• Mortgage (P&I): −$205
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $626

Break-even live

Break-even rent $374

Max offer price $39,000

Occupancy floor 41%

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: $9,750
• Closing costs: $1,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1528 34th Street Ensley Birmingham, AL	3.0	2.0	972	$1,073	$1.10	43d	1	0.14mi
1524 33rd Street Ensley Birmingham, AL	4.0	2.0	1222	$1,095	$0.90	21d	1	0.15mi
1520 33rd Street Ensley Birmingham, AL	4.0	2.0	1215	$1,275	$1.05	11d	1	0.16mi
1532 31st Street Ensley Birmingham, AL	2.0	1.0	839	$850	$1.01	43d	1	0.22mi
1820 33rd St W Birmingham, AL	4.0	1.5	1212	$1,495	$1.23	43d	1	0.22mi
1724 30th Street Ensley Birmingham, AL	4.0	2.0	1428	$1,395	$0.98	16d	1	0.26mi
3221 Avenue S Birmingham, AL	3.0	2.0	1190	$1,250	$1.05	23d	1	0.28mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	43d	1	0.29mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	43d	1	0.29mi
1545 29th Street Ensley Birmingham, AL	3.0	1.5	1331	$1,200	$0.90	43d	1	0.31mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	43d	1	0.33mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	43d	1	0.33mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	16d	1	0.33mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	16d	1	0.34mi
1501 29th Street Ensley Birmingham, AL	2.0	1.0	772	$800	$1.04	23d	1	0.36mi
3009 Prince Ave Birmingham, AL	3.0	2.0	1176	$1,095	$0.93	23d	1	0.37mi
1616 28th Street Ensley Birmingham, AL	3.0	1.0	1081	$1,100	$1.02	43d	1	0.37mi
2520 Avenue U Unit A Birmingham, AL	4.0	1.0	1260	$1,200	$0.95	43d	1	0.40mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	3d	1	0.40mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.42mi
1301 32nd Street Ensley Birmingham, AL	3.0	1.0	1200	$975	$0.81	43d	1	0.42mi
1521 27th Street Ensley Birmingham, AL	3.0	2.0	1120	$1,000	$0.89	43d	1	0.43mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	23d	1	0.45mi
2610 Avenue P Birmingham, AL	3.0	2.0	1014	$850	$0.84	43d	1	0.47mi
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	2d	1	0.49mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.50mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.51mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	43d	1	0.52mi
1609 Pike Rd Birmingham, AL	2.0	1.5	820	$800	$0.98	19d	5	0.52mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.57mi
4619 Terrace Q Birmingham, AL	3.0	2.0	1198	$900	$0.75	43d	1	0.57mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	43d	1	0.61mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	43d	1	0.61mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	3d	1	0.62mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	14d	1	0.64mi
2520 Avenue L Unit A Birmingham, AL	4.0	1.5	1260	$1,150	$0.91	23d	1	0.64mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.65mi
2037 26th Street Ensley Birmingham, AL	3.0	1.0	1074	$995	$0.93	43d	1	0.65mi
2617 Avenue K Birmingham, AL	4.0	2.0	1046	$1,495	$1.43	1d	1	0.66mi
4801 Avenue S Birmingham, AL	3.0	1.0	1310	$1,000	$0.76	43d	1	0.66mi

Listing history 2 events

1. 2026-04-10
   listed $39,000 Active 322-char remark

   Show marketing remark (322 chars)

   Investor special in Ensley! This 2 bedroom 1 bath offers 1,227 square feet and is priced to sell. Property needs repairs and updates but has solid potential as a rental or flip. No central HVAC and garage door is missing. Conveniently located with easy access to downtown Birmingham. Sold as-is. Cash or conventional only.

2. 1972-04-01
   soldstatus $15,000

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $892 · $74/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 · 18 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: $13,990
• − Mortgage interest: −$2,185
• − Property taxes: −$892
• − Insurance: −$195
• − Repairs & maintenance: −$1,119
• − Management: −$1,119
• − Depreciation: −$1,135
• Taxable income: $7,346
• Est. tax owed @ 24.0%: −$1,763
• After-tax cash flow: $5,748/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+160.0% since first listed

2 events — show timeline

• 2026-04-10 Listed $39,000 VMLS
• 1972-04-01 Sold (Public Records) $15,000 Public Records