1437 Highland Dr · Birmingham, AL 35235

$149,000

3 bd · 2.0 ba · 1,288 sqft · SingleFamily public records · 136 Days on market

Built 1970 0.35 ac lot $116/sqft · at area comps Est $235k · 36% 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 +20.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• 1% rule +5.5/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention Buyers! This turnkey, stylishly updated home is move-in ready and packed with value. Welcome home to this beautifully refreshed 3-bedroom, 2-bath property in the heart of Center Point. Freshly painted throughout, the home offers a clean, modern feel with granite countertops, stainless steel appliances, and updated bathrooms featuring new vanities and a brand-new tub. Major systems have lots of life left, including a roof estimated to be 10 years old and an HVAC system replaced in 2022, providing added peace of mind. Step outside to enjoy the updated rear deck—perfect for relaxing or entertaining. The finished basement offers a spacious recreation area ideal for a media room, home gym, or additional living space. Come check it out and schedule your showing today! Whether you’re a first-time buyer or an investor searching for a low-maintenance rental opportunity, this move-in-ready home is packed with value and ready for its next owner.

Key facts

• Brand new tub
• Updated rear deck
• Updated bathrooms

Tags

• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOMS
• NEW VANITIES
• BRAND NEW TUB
• UPDATED REAR DECK

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $195 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.9% vs local median 6.2% in Birmingham — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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 (+5.4%/yr); 114 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 15d 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 $1k 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 136 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $26k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $131,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 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 1970 — 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: 1.05% ✓
• Cap rate: 7.86%
• Cash-on-cash: 5.61%
• DSCR: 1.25
• GRM: 7.9

CMA / ARV

• ARV (median comp): $234,516
• List price: $149,000
• Delta: -36.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1265 Pine Tree Dr	0.47mi	3/2.0	1,252 (-3%)	9mo	$198,000	$158	66
1503 Wilderness Ln	0.47mi	4/2.0 (+1)	1,209 (-6%)	1mo	$135,000	$112	62
1432 Mesa Ln	0.28mi	3/2.0	1,353 (+5%)	21mo	$199,900	$148	61
1312 Juniper Dr	0.72mi	3/2.0	1,327 (+3%)	7mo	$150,000	$113	56
781 Vaughn Cir	0.67mi	4/1.5 (+1)	1,278 (-1%)	7mo	$95,000	$74	55
1709 Driftwood Ln	0.72mi	3/2.0	1,288 (0%)	15mo	$182,000	$141	54
1608 Azalea Dr	0.22mi	3/2.0	1,131 (-12%)	22mo	$145,000	$128	50
904 Kathryne Cir	0.68mi	3/2.0	1,431 (+11%)	2mo	$180,000	$126	48
1353 Springville Rd	0.69mi	3/1.0	1,350 (+5%)	23mo	$60,000	$44	36
1316 Juniper Dr	0.71mi	4/2.5 (+1)	1,428 (+11%)	19mo	$235,000	$165	26

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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.81×
• Total profit: $-7,841
• Equity at exit: $22,216

10-year hold

• IRR: 7.4%
• Equity multiple: 1.62×
• Total profit: $25,881
• Equity at exit: $12,883

Cash invested: $41,720 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,563 high
• Mortgage (P&I): −$781
• Tax from tax record: −$197 /mo · $2,359/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $195

Break-even live

Break-even rent $1,317

Max offer price $149,000

Occupancy floor 83%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	1d	1	0.07mi
1516 Highland Dr Birmingham, AL	4.0	2.0	1104	$1,675	$1.52	14d	1	0.17mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	1d	1	0.24mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	1d	1	0.35mi
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	3d	1	0.40mi
1328 Oak Ter Birmingham, AL	3.0	2.0	1772	$1,581	$0.89	11d	1	0.46mi
1235 Little Brook Ln Birmingham, AL	3.0	2.0	1787	$2,400	$1.34	43d	1	0.55mi
744 Vaughn Cir Birmingham, AL	4.0	2.0	1516	$1,561	$1.03	23d	1	0.57mi
1733 Molly Dr Birmingham, AL	4.0	1.5	1570	$1,460	$0.93	10d	1	0.80mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	23d	1	0.86mi
1761 Big Mountain Dr Birmingham, AL	4.0	2.0	1632	$1,575	$0.97	44d	1	0.88mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	23d	1	0.94mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	2d	1	0.98mi
1808 Brewster Rd Birmingham, AL	4.0	2.0	1548	$1,515	$0.98	43d	1	1.05mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	3d	1	1.10mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	1.17mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	1.21mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	43d	1	1.24mi
1760 Sonia Dr Birmingham, AL	3.0	2.0	1550	$1,635	$1.05	1d	1	1.26mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	43d	1	1.27mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	1.28mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	1.30mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	43d	1	1.30mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	1.31mi
1037 Dawn Dr Birmingham, AL	4.0	1.0	1532	$1,295	$0.85	11d	1	1.35mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	43d	1	1.38mi
1868 Carraway St Birmingham, AL	3.0	2.0	1819	$1,500	$0.82	23d	1	1.39mi
1028 Broadmoor Dr Birmingham, AL	3.0	1.0	1079	$1,085	$1.01	3d	1	1.43mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	43d	1	1.43mi
933 Edwards Lake Rd Birmingham, AL	3.0	2.0	1684	$1,360	$0.81	3d	1	1.43mi
90 Meadows Dr Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,528	$1.39	1d	22	1.43mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	43d	1	1.45mi
901 Eldorado Dr Birmingham, AL	4.0	2.0	1680	$1,415	$0.84	14d	1	1.47mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	23d	1	1.47mi

Listing history 31 events

1. 2026-06-18
   days on market $149,000 Active 136 DOM
2. 2026-06-17
   days on market $149,000 Active 135 DOM
3. 2026-06-16
   days on market $149,000 Active 134 DOM
4. 2026-06-15
   days on market $149,000 Active 133 DOM
5. 2026-06-13
   days on market $149,000 Active 131 DOM
6. 2026-06-10
   days on market $149,000 Active 128 DOM
7. 2026-06-09
   days on market $149,000 Active 127 DOM
8. 2026-06-08
   pricedays on market $149,000 Active 126 DOM
9. 2026-06-07
   days on market $159,000 Active 125 DOM
10. 2026-06-03
    days on market $159,000 Active 121 DOM
11. 2026-06-02
    days on market $159,000 Active 120 DOM
12. 2026-06-01
    days on market $159,000 Active 119 DOM
13. 2026-05-31
    days on market $159,000 Active 118 DOM
14. 2026-04-16
    price $163,000 970-char remark

    Show marketing remark (970 chars)

    Attention Buyers! This turnkey, stylishly updated home is move-in ready and packed with value. Welcome home to this beautifully refreshed 3-bedroom, 2-bath property in the heart of Center Point. Freshly painted throughout, the home offers a clean, modern feel with granite countertops, stainless steel appliances, and updated bathrooms featuring new vanities and a brand-new tub. Major systems have lots of life left, including a roof estimated to be 10 years old and an HVAC system replaced in 2022, providing added peace of mind. Step outside to enjoy the updated rear deck—perfect for relaxing or entertaining. The finished basement offers a spacious recreation area ideal for a media room, home gym, or additional living space. Come check it out and schedule your showing today! Whether you’re a first-time buyer or an investor searching for a low-maintenance rental opportunity, this move-in-ready home is packed with value and ready for its next owner.

15. 2026-03-26
    historical $1,503
16. 2026-02-24
    price $170,000 970-char remark

    Show marketing remark (970 chars)

    Attention Buyers! This turnkey, stylishly updated home is move-in ready and packed with value. Welcome home to this beautifully refreshed 3-bedroom, 2-bath property in the heart of Center Point. Freshly painted throughout, the home offers a clean, modern feel with granite countertops, stainless steel appliances, and updated bathrooms featuring new vanities and a brand-new tub. Major systems have lots of life left, including a roof estimated to be 10 years old and an HVAC system replaced in 2022, providing added peace of mind. Step outside to enjoy the updated rear deck—perfect for relaxing or entertaining. The finished basement offers a spacious recreation area ideal for a media room, home gym, or additional living space. Come check it out and schedule your showing today! Whether you’re a first-time buyer or an investor searching for a low-maintenance rental opportunity, this move-in-ready home is packed with value and ready for its next owner.

17. 2026-02-02
    listed $175,000 Active 970-char remark

    Show marketing remark (970 chars)

    Attention Buyers! This turnkey, stylishly updated home is move-in ready and packed with value. Welcome home to this beautifully refreshed 3-bedroom, 2-bath property in the heart of Center Point. Freshly painted throughout, the home offers a clean, modern feel with granite countertops, stainless steel appliances, and updated bathrooms featuring new vanities and a brand-new tub. Major systems have lots of life left, including a roof estimated to be 10 years old and an HVAC system replaced in 2022, providing added peace of mind. Step outside to enjoy the updated rear deck—perfect for relaxing or entertaining. The finished basement offers a spacious recreation area ideal for a media room, home gym, or additional living space. Come check it out and schedule your showing today! Whether you’re a first-time buyer or an investor searching for a low-maintenance rental opportunity, this move-in-ready home is packed with value and ready for its next owner.

18. 2026-01-13
    price $1,503
19. 2025-12-19
    price $1,375
20. 2025-12-02
    listed $1,445
21. 2025-12-02
    historical $1,445
22. 2025-11-21
    listed $1,445
23. 2025-11-21
    historical $1,445
24. 2025-11-20
    listed $1,445
25. 2025-10-03
    price $179,000
26. 2025-08-29
    price $184,000
27. 2021-11-02
    soldstatus $157,900
28. 2016-03-04
    soldstatus $118,215
29. 2016-02-29
    soldstatus $117,900
30. 2016-02-29
    listed $117,900
31. 2002-06-03
    soldstatus $83,200

ⓘ 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: $2,359 · $197/mo
• Projected year-2 tax: $2,359 · $197/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,761
• − Mortgage interest: −$8,346
• − Property taxes: −$2,359
• − Insurance: −$745
• − Repairs & maintenance: −$1,501
• − Management: −$1,501
• − Depreciation: −$4,335
• Taxable loss: −$25
• Est. tax savings @ 24.0%: +$6
• After-tax cash flow: $2,347/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): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+95.9% since first listed

18 events — show timeline

• 2026-04-16 Price Changed $163,000 Greater Alabama MLS
• 2026-03-26 Rental Removed $1,503 RENTLY
• 2026-02-24 Price Changed $170,000 Greater Alabama MLS
• 2026-02-02 Listed $175,000 Greater Alabama MLS
• 2026-01-13 Price Changed $1,503 RENTLY
• 2025-12-19 Price Changed $1,375 RENTLY
• 2025-12-02 Listed for Rent $1,445 RENTLY
• 2025-12-02 Rental Removed $1,445 ZUMPER1
• 2025-11-21 Listed for Rent $1,445 ZUMPER1
• 2025-11-21 Rental Removed $1,445 RENTLY
• 2025-11-20 Listed for Rent $1,445 RENTLY
• 2025-10-03 Price Changed $179,000 Greater Alabama MLS
• 2025-08-29 Price Changed $184,000 Greater Alabama MLS
• 2021-11-02 Sold (Public Records) $157,900 Public Records
• 2016-03-04 Sold (Public Records) $118,215 Public Records
• 2016-02-29 Listed $117,900 Greater Alabama MLS
• 2016-02-29 Sold (MLS) $117,900 Greater Alabama MLS
• 2002-06-03 Sold (Public Records) $83,200 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,359 · +7.0% YoY. Source: county tax records.