1543 20th St N · Birmingham, AL 35234

$79,000

3 bd · 1.0 ba · 1,594 sqft · SingleFamily public records · 37 Days on market

Built 1945 6,534 sqft lot $50/sqft · 36% above area Est $104k · 24% under ↓ 12% since listing

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.1/10.0

Listing remarks

Attention Investors-Excellent opportunity to rehab this huge home in the up and coming Druid Hills Neighborhood. This property has endless possibilities. It would make a great flip or rental and you could rent out upstairs and downstairs for double rental income. The basement is stubbed for an additional bath. Very large rooms, large kitchen, and so much more. Make you appointment today.

Key facts

• Double rental income
• 6,534 sq ft lot
• Built 1945

Tags

• DRUID HILLS NEIGHBORHOOD
• DOUBLE RENTAL INCOME
• BASEMENT STUBBED FOR BATH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $470 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $77k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.4% 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: 54 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $546 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($77k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1945 — 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 $76,630 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 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 1945 — 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: 1.65% ✓
• Cap rate: 13.44%
• Cash-on-cash: 25.52%
• DSCR: 2.14
• GRM: 5.0

CMA / ARV

• ARV (median comp): $103,868
• List price: $79,000
• Delta: -23.94%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1608 N 19th St	0.17mi	3/1.0	1,500 (-6%)	5mo	$55,000	$37	78
2204 14th Ave N	0.31mi	3/1.0	1,571 (-1%)	8mo	$164,681	$105	77
1900 N 15th Ct	0.14mi	3/1.0	1,748 (+10%)	12mo	$45,000	$26	67
1928 15th Ter N	0.06mi	3/1.0	1,401 (-12%)	13mo	$99,900	$71	66
1606 27th St N	0.54mi	4/2.0 (+1)	1,583 (-1%)	4mo	$115,000	$73	61
2718 20th Ave N	0.70mi	3/2.0	1,632 (+2%)	5mo	$64,000	$39	55
1617 20th St N	0.18mi	4/2.0 (+1)	1,774 (+11%)	12mo	$135,000	$76	54
1428 16th St N	0.46mi	3/2.0	1,380 (-13%)	1mo	$145,000	$105	52
2820 Norwood Blvd	0.67mi	3/2.0	1,506 (-6%)	9mo	$245,000	$163	48
1617 27th St N	0.57mi	3/3.0	1,750 (+10%)	9mo	$245,000	$140	42
1109 13th Ave N	0.73mi	4/2.0 (+1)	1,746 (+10%)	0mo	$65,000	$37	41
1431 28th St N	0.70mi	4/2.0 (+1)	1,746 (+10%)	6mo	$209,900	$120	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.1%
• Equity multiple: 1.78×
• Total profit: $17,189
• Equity at exit: $11,779

10-year hold

• IRR: 27.5%
• Equity multiple: 3.43×
• Total profit: $53,664
• Equity at exit: $6,830

Cash invested: $22,120 (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 35234

• Home prices YoY: -3.8%
• Active inventory: 54
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,304 high
• Mortgage (P&I): −$414
• Tax from tax record: −$112 /mo · $1,348/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $470

Break-even live

Break-even rent $708

Max offer price $79,000

Occupancy floor 59%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1906 15th Ct N Birmingham, AL	2.0	1.0	1311	$1,000	$0.76	23d	1	0.14mi
1900 15th Ct N Birmingham, AL	4.0	2.0	1748	$1,425	$0.82	43d	1	0.14mi
1608 18th Pl N Birmingham, AL	3.0	2.0	1243	$950	$0.76	43d	1	0.24mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	43d	1	0.38mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	16d	1	0.48mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	43d	1	0.56mi
1317 11th St N Birmingham, AL	3.0	1.0	1340	$1,200	$0.90	43d	1	0.69mi
353 16th Ave N Birmingham, AL	3.0	1.0	1200	$995	$0.83	43d	1	0.76mi
2223 28th St N Birmingham, AL	4.0	2.0	1836	$1,300	$0.71	43d	1	0.81mi
3001 Norwood Blvd Birmingham, AL	2.0	2.0	1092	$1,500	$1.37	3d	1	0.88mi
1216 4th Pl N Birmingham, AL	3.0	2.0	1565	$1,150	$0.73	43d	1	0.97mi
1319 31st St N Birmingham, AL	3.0	2.0	2074	$1,345	$0.65	21d	1	0.99mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–2.0	1120	$3,550	$3.17	16d	30	1.05mi
600 19th St N Birmingham, AL	1.0–3.0	1.0–3.0	1398	$4,560	$3.26	19d	83	1.05mi
600 19th St N Apt 202 Birmingham, AL	3.0	2.0	1248	$3,050	$2.44	11d	1	1.05mi
600 19th St N Unit 211 Birmingham, AL	2.0	2.0	1670	$3,250	$1.95	11d	1	1.05mi
600 24th St N Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,499	$1.36	1d	13	1.08mi
1153 2nd St N Birmingham, AL	3.0	1.0	1056	$1,150	$1.09	19d	1	1.14mi
1625 29th Ave N Birmingham, AL	3.0	2.0	1140	$1,200	$1.05	16d	1	1.23mi
1720 34th Pl N Birmingham, AL	3.0	3.0	1861	$2,200	$1.18	1d	1	1.32mi
2024 2nd Ave N #1801 Birmingham, AL	2.0	2.0	1340	$2,500	$1.87	23d	1	1.34mi
120 19th St N Birmingham, AL	1.0–2.0	1.0–2.0	886	$2,190	$2.47	2d	14	1.39mi
3601 Norwood Blvd Birmingham, AL	3.0	2.0	1558	$1,323	$0.85	3d	1	1.43mi

Listing history 9 events

1. 2026-06-10
   days on market $79,000 Active 37 DOM
2. 2026-06-09
   days on market $79,000 Active 36 DOM
3. 2026-06-08
   days on market $79,000 Active 35 DOM
4. 2026-06-07
   days on market $79,000 Active 34 DOM
5. 2026-06-03
   days on market $79,000 Active 30 DOM
6. 2026-06-02
   days on market $79,000 Active 29 DOM
7. 2026-06-01
   days on market $79,000 Active 28 DOM
8. 2026-05-31
   days on market $79,000 Active 27 DOM
9. 2026-05-04
   listed $99,900 Active 390-char remark

ⓘ 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: $1,348 · $112/mo
• Projected year-2 tax: $1,348 · $112/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: $15,646
• − Mortgage interest: −$4,425
• − Property taxes: −$1,348
• − Insurance: −$395
• − Repairs & maintenance: −$1,252
• − Management: −$1,252
• − Depreciation: −$2,298
• Taxable income: $4,676
• Est. tax owed @ 24.0%: −$1,122
• After-tax cash flow: $4,523/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
• City population: 210,422
• Population (ZIP): 3,828

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 (80%)
• Race & ethnicity: Black 80% White 15% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -9.89%
• Current HPI: 250.4724
• Rent YoY: —
• Metro: —
• 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

-12.1% since first listed

2 events — show timeline

• 2026-05-30 Price Changed $79,000 Greater Alabama MLS
• 2026-05-19 Price Changed $89,900 Greater Alabama MLS

Property tax history

+6.3%/yr

Latest (2025): $1,348 · +0.0% YoY. Source: county tax records.