2534 19th St · Homewood, AL 35209

$250,000

3 bd · 1.0 ba · 1,311 sqft · SingleFamily public records · 436 Days on market

Built 1930 6,969 sqft lot $191/sqft · 39% below area Est $409k · 39% under ↓ 17% since listing

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +7.7/30.0
• Schools +5.6/10.0
• Livability +4.0/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Amazing opportunity in Rosedale area of Homewood. Homes do not come up very often in this area. This 3 bed 1 bath home 1300+ sq feet and has been well maintained. It features a living room, dining room, large kitchen and separately laundry room. Ideal rental or redevelopment possibilities.

Key facts

• Rental possibilities
• Living room
• Large kitchen

Tags

• WELL MAINTAINED
• LIVING ROOM
• DINING ROOM
• LARGE KITCHEN
• SEPARATELY LAUNDRY ROOM
• RENTAL POSSIBILITIES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $250k.

Deal economics

• At list price, monthly cash flow is $-287 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $199k (20.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (32.0% below list).
• Recommended offer: $170k (32.0% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 2.3% in Homewood — 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 80/100 on livability (#5 in AL, #1,730 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
• Homewood City (suburban): math 55% / reading 74% proficiency, ranked #3 of 129 in AL (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.3%/yr); 99 active listings in the ZIP; 40 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 $2k of loan paydown is wiped out by about $8k 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 436 days — a 12% lower offer ($220k) is reasonable based on typical stale-listing flexibility.

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 $170,039 (32.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 436 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.68% ✗
• Cap rate: 4.92%
• Cash-on-cash: -4.92%
• DSCR: 0.78
• GRM: 12.3

CMA / ARV

• ARV (median comp): $408,700
• List price: $250,000
• Delta: -38.83%
• 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
1946 20th Ave S	0.37mi	3/1.5	1,306 (-0%)	6mo	$325,000	$249	75
2101 21st Ave S	0.49mi	3/1.0	1,358 (+4%)	3mo	$429,900	$317	69
2008 21st Ave S	0.33mi	3/2.0	1,334 (+2%)	13mo	$410,000	$307	67
527 Poinciana Dr	0.67mi	3/2.0	1,338 (+2%)	4mo	$570,000	$426	58
2003 22nd St S	0.61mi	2/1.0 (-1)	1,290 (-2%)	8mo	$455,000	$353	57
2004 21st Ave S	0.33mi	3/2.0	1,416 (+8%)	13mo	$415,000	$293	57
2030 22nd Ct S	0.43mi	3/1.0	1,190 (-9%)	11mo	$385,000	$324	55
1643 28th Ave S	0.56mi	2/1.5 (-1)	1,227 (-6%)	2mo	$475,000	$387	55
2125 22nd Ct S	0.43mi	3/1.0	1,175 (-10%)	12mo	$420,000	$357	52
1617 Barry Ave	0.52mi	3/2.0	1,435 (+10%)	14mo	$440,000	$307	45
2207 English Village Ln	0.56mi	3/2.0	1,440 (+10%)	13mo	$715,000	$497	42
2929 Parkridge Dr	0.74mi	2/1.0 (-1)	1,118 (-15%)	6mo	$490,000	$438	30

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 · 3.34% rent growth · sell at horizon

5-year hold

• IRR: -24.3%
• Equity multiple: 0.17×
• Total profit: $-58,225
• Equity at exit: $37,276

10-year hold

• IRR: -18.9%
• Equity multiple: -0.03×
• Total profit: $-71,947
• Equity at exit: $21,615

Cash invested: $70,000 (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 35209

• Rents YoY: 3.3%
• Active inventory: 99
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,700 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$215 /mo · $2,579/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $-287

Break-even live

Break-even rent $2,063

Max offer price $199,342

Occupancy floor —

Sensitivity live

Price	-10% $-145	-5% $-216	+0% $-287	+5% $-358	+10% $-428
Rent	-10% $-421	-5% $-354	+0% $-287	+5% $-220	+10% $-152
Rate	-1.0pp $-161	-0.5pp $-223	base $-287	+0.5pp $-352	+1.0pp $-417

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: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2524 18th Pl S Apt C Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	44d	1	0.08mi
1617 Beckham Dr Birmingham, AL	3.0	2.5	1728	$2,828	$1.64	3d	1	0.48mi
1717 Ashwood Ln Birmingham, AL	2.0	2.5	1368	$2,100	$1.54	3d	1	0.54mi
1860 Oxmoor Rd Unit 532 Homewood, AL	2.0	2.0	1118	$3,950	$3.53	3d	1	0.54mi
2201 21st Ave S Birmingham, AL	3.0	2.0	1400	$2,395	$1.71	44d	1	0.56mi
1709 16th Ave S Apt 3 Birmingham, AL	2.0	1.0	910	$1,363	$1.50	45d	1	0.61mi
1913 16th Ave S Unit 1Apt A Birmingham, AL	2.0	2.0	1200	$1,650	$1.38	44d	1	0.66mi
1901 16th Ave S Unit B Birmingham, AL	2.0	2.0	1200	$1,850	$1.54	2d	1	0.67mi
1521 17th St S Apt 23 Birmingham, AL	2.0	1.0	880	$875	$0.99	24d	1	0.67mi
2822 16th Pl S Birmingham, AL	2.0	1.0	914	$2,200	$2.41	16d	1	0.68mi
1534 17th St S Birmingham, AL	1.0–2.0	1.0	848	$1,199	$1.41	2d	10	0.72mi
1732 14th Ter S Birmingham, AL	2.0	1.5	1120	$1,345	$1.20	24d	1	0.74mi
1502 16th St S Unit ) Birmingham, AL	2.0	1.0	875	$995	$1.14	44d	1	0.76mi
1404 17th Ave S Unit 2 Birmingham, AL	2.0	1.0	900	$1,160	$1.29	44d	1	0.81mi
2410 Arlington Cres Birmingham, AL	2.0	1.0	1400	$950	$0.68	16d	1	0.82mi
2410 Arlington Cres Unit Diane Payne Birmingham, AL	2.0	1.0	1200	$925	$0.77	4d	1	0.82mi
1600 14th Ave S Birmingham, AL	2.0	1.0	900	$1,172	$1.30	15d	1	0.87mi
1600 14th Ave S Unit 8 Birmingham, AL	2.0	1.0	900	$1,106	$1.23	22d	1	0.87mi
1327 16th St S Unit 3 Birmingham, AL	2.0	1.0	921	$1,143	$1.24	4d	1	0.88mi
1327 16th St S Apt 4 Birmingham, AL	2.0	1.0	921	$1,110	$1.21	24d	1	0.88mi
1409 14th St S Birmingham, AL	2.0	1.0	940	$1,257	$1.34	15d	1	0.92mi
2173 Highland Ave S Birmingham, AL	1.0–2.0	1.0–2.0	908	$2,241	$2.47	2d	32	0.95mi
1414 13th Ave S Unit 1414 Birmingham, AL	2.0	2.0	1039	$1,694	$1.63	44d	1	0.97mi
1414 13th Ave S Unit 1418 Birmingham, AL	2.0	2.0	1039	$1,700	$1.64	44d	1	0.97mi
1414 13th Ave S Birmingham, AL	2.0	2.0	1039	$1,772	$1.71	19d	2	0.97mi
1228 15th St S Birmingham, AL	3.0–4.0	3.0–4.0	1690	$2,689	$1.59	2d	3	0.97mi
2621 Arlington Ave S Birmingham, AL	2.0	2.0	950	$2,100	$2.21	2d	1	0.97mi
1417 13th Pl S Birmingham, AL	2.0	2.0	1245	$1,950	$1.57	22d	1	0.98mi
1332 14th Ave S Birmingham, AL	2.0	1.5	892	$1,075	$1.21	24d	2	0.99mi
1425 13th St S Unit A Birmingham, AL	2.0	1.0	1368	$1,450	$1.06	44d	1	1.00mi
1000 Lane Parke Ct Mountain Brook, AL	1.0–2.0	1.0–2.0	914	$2,789	$3.05	2d	6	1.00mi
1124 20th St S Birmingham, AL	1.0–2.0	1.0	1123	$1,243	$1.11	11d	2	1.01mi
3450 Manor Dr Homewood, AL	1.0–2.0	1.0–2.0	1050	$2,179	$2.08	3d	10	1.05mi
2402 Lane Parke Ct Unit 2402 Birmingham, AL	2.0	2.0	1152	$4,095	$3.55	44d	1	1.06mi
2230 Highland Ave Birmingham, AL	2.0	1.0–2.0	968	$3,205	$3.31	2d	272	1.09mi
1131 16th Ave S Unit A Birmingham, AL	2.0	1.0	900	$1,215	$1.35	3d	1	1.15mi
1001 20th St S Birmingham, AL	4.0	1.0–4.0	824	$2,355	$2.86	2d	22	1.16mi
2600 Highland Ave S #701 Birmingham, AL	2.0	2.0	1652	$3,800	$2.30	44d	1	1.22mi
915 Valley Ridge Dr Birmingham, AL	1.0–3.0	1.0–2.5	1087	$1,660	$1.53	2d	34	1.23mi
2700 Highland Ave #201 Birmingham, AL	2.0	2.0	1566	$2,300	$1.47	24d	1	1.31mi

Listing history 15 events

1. 2026-06-18
   days on market $250,000 Active 436 DOM
2. 2026-06-17
   days on market $250,000 Active 435 DOM
3. 2026-06-16
   days on market $250,000 Active 434 DOM
4. 2026-06-15
   days on market $250,000 Active 433 DOM
5. 2026-06-13
   days on market $250,000 Active 431 DOM
6. 2026-06-10
   days on market $250,000 Active 428 DOM
7. 2026-06-09
   days on market $250,000 Active 427 DOM
8. 2026-06-08
   days on market $250,000 Active 426 DOM
9. 2026-06-07
   days on market $250,000 Active 425 DOM
10. 2026-06-03
    days on market $250,000 Active 421 DOM
11. 2026-06-02
    days on market $250,000 Active 420 DOM
12. 2026-06-01
    days on market $250,000 Active 419 DOM
13. 2026-05-31
    days on market $250,000 Active 418 DOM
14. 2026-02-27
    price $250,000 290-char remark

    Show marketing remark (290 chars)

    Amazing opportunity in Rosedale area of Homewood. Homes do not come up very often in this area. This 3 bed 1 bath home 1300+ sq feet and has been well maintained. It features a living room, dining room, large kitchen and separately laundry room. Ideal rental or redevelopment possibilities.

15. 2025-04-06
    listed $300,000 Active 290-char remark

    Show marketing remark (290 chars)

    Amazing opportunity in Rosedale area of Homewood. Homes do not come up very often in this area. This 3 bed 1 bath home 1300+ sq feet and has been well maintained. It features a living room, dining room, large kitchen and separately laundry room. Ideal rental or redevelopment possibilities.

ⓘ 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: $2,579 · $215/mo
• Projected year-2 tax: $2,579 · $215/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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,405
• − Mortgage interest: −$14,004
• − Property taxes: −$2,579
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,632
• − Management: −$1,632
• − Depreciation: −$7,273
• Taxable loss: −$7,965
• Est. tax savings @ 24.0%: +$1,912
• After-tax cash flow: $-1,529/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: Homewood City
• NCES district ID: 0101760
• Math proficiency: 55% ▼ -20.00%
• Reading proficiency: 74% ▲ 6.00%
• Median HH income: $63,366
• Composite: 56.01/100
• National rank: #1189
• State rank: #3 of 129 in AL

Livability — Homewood

• Score: 80/100
• State rank: #5
• US rank: #1730

Category grades

Amenities C Commute A+ Cost of living F Crime B Employment A+ Housing A+ Health & safety C User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, AL
• County: Jefferson County · 527,445 people
• City population: 32,734
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 32,734
• Household income: $71,439
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 1879.0

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 White (64%)
• Race & ethnicity: White 64% Black 23% Hispanic / Latino 7% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 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: ▼ -472.07%
• Current HPI: 312.2185
• Rent YoY: ▲ 3.34%
• 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

-16.7% since first listed

2 events — show timeline

• 2026-02-27 Price Changed $250,000 Greater Alabama MLS
• 2025-04-06 Listed $300,000 Greater Alabama MLS

Property tax history

+15.4%/yr

Latest (2025): $2,579 · +0.0% YoY. Source: county tax records.