2925 Steiner Ct SW · Birmingham, AL 35211

$84,000

5 bd · 2.5 ba · 2,571 sqft · SingleFamily public records · 147 Days on market

Built 1960 6,534 sqft lot $33/sqft · 35% below area Est $129k · 35% under

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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 +0.0/10.0

Listing remarks MLS

Welcome to 2925 Steiner Ct SW, a spacious two-story home offering 5 bedrooms, 3.5 bathrooms and approximately 2,693 square feet of living space on a ~6,970 sq ft lot in Birmingham. This property provides an excellent canvas for renovation and value creation. The generous layout and solid structural footprint make it ideal for investors, cash buyers, or anyone looking to design a customized home or build a long-term rental asset. Interior updates will be needed throughout, but the space and structure support a wide range of improvement strategies. Recent market activity shows strong demand for updated homes in this area, and renovated comparable point to meaningful after-repair value potential. For buyers ready to apply vision, planning, and sweat equity, this home offers a solid value-add opportunity. Property is sold as-is. Buyer to verify all information important to them. Call or text Minnie Lee Realty today to schedule a showing or discuss next steps.

Key facts

• 6,534 sq ft lot
• Built 1960
• Listed 147 days

What this means for you Summary

Snapshot

• This is a 5-bed/2.5-bath single-family listed at $84k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $84k).
• Recommended offer: $74k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.5% 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 soft (-0.0%/yr); 152 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• At $1,670/mo this rent would consume 57% 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 $581 of loan paydown is wiped out by about $3k 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 147 days — a 12% lower offer ($74k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y 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 $66k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); 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 $73,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 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 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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 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?
7. 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?
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: 1.99% ✓
• Cap rate: 16.51%
• Cash-on-cash: 36.50%
• DSCR: 2.62
• GRM: 4.2

CMA / ARV

• ARV (median comp): $128,655
• List price: $84,000
• Delta: -34.71%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3000 Jefferson Ave SW	0.53mi	4/2.5 (-1)	2,288 (-11%)	6mo	$160,000	$70	47

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: 0.2%
• Equity multiple: 1.01×
• Total profit: $197
• Equity at exit: $12,525

10-year hold

• IRR: 4.5%
• Equity multiple: 1.26×
• Total profit: $6,178
• Equity at exit: $7,263

Cash invested: $23,520 (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: 4.2×

Monthly cashflow live

• Estimated rent: $1,670 high
• Mortgage (P&I): −$441
• Tax from tax record: −$128 /mo · $1,540/yr
• Insurance: −$35
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $289

Break-even live

Break-even rent $1,304

Max offer price $84,000

Occupancy floor 78%

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: $21,000
• Closing costs: $2,520
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2320 Wesley Ave SW Birmingham, AL	4.0	1.0	1865	$1,200	$0.64	10d	1	0.43mi
200 23rd St SW Birmingham, AL	5.0	1.0	1858	$1,400	$0.75	43d	1	0.56mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	1d	1	0.76mi
2505 Brookhaven Ave SW Birmingham, AL	5.0	2.0	1886	$1,600	$0.85	43d	1	0.82mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	1d	1	0.88mi
1872 Princeton Ct SW Birmingham, AL	5.0	2.0	1829	$1,700	$0.93	23d	1	0.92mi
537 17th St SW Birmingham, AL	6.0	3.0	2012	$1,650	$0.82	21d	1	1.19mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	43d	1	1.41mi

Listing history 14 events

1. 2026-06-07
   statusdays on market $84,000 Pending 147 DOM
2. 2026-06-03
   days on market $84,000 Active 146 DOM
3. 2026-06-02
   days on market $84,000 Active 145 DOM
4. 2026-06-01
   days on market $84,000 Active 144 DOM
5. 2026-05-31
   days on market $84,000 Active 143 DOM
6. 2026-03-31
   status Active 969-char remark

   Show marketing remark (969 chars)

   Welcome to 2925 Steiner Ct SW, a spacious two-story home offering 5 bedrooms, 3.5 bathrooms and approximately 2,693 square feet of living space on a ~6,970 sq ft lot in Birmingham. This property provides an excellent canvas for renovation and value creation. The generous layout and solid structural footprint make it ideal for investors, cash buyers, or anyone looking to design a customized home or build a long-term rental asset. Interior updates will be needed throughout, but the space and structure support a wide range of improvement strategies. Recent market activity shows strong demand for updated homes in this area, and renovated comparable point to meaningful after-repair value potential. For buyers ready to apply vision, planning, and sweat equity, this home offers a solid value-add opportunity. Property is sold as-is. Buyer to verify all information important to them. Call or text Minnie Lee Realty today to schedule a showing or discuss next steps.

7. 2026-02-18
   status Pending 969-char remark

   Show marketing remark (969 chars)

   Welcome to 2925 Steiner Ct SW, a spacious two-story home offering 5 bedrooms, 3.5 bathrooms and approximately 2,693 square feet of living space on a ~6,970 sq ft lot in Birmingham. This property provides an excellent canvas for renovation and value creation. The generous layout and solid structural footprint make it ideal for investors, cash buyers, or anyone looking to design a customized home or build a long-term rental asset. Interior updates will be needed throughout, but the space and structure support a wide range of improvement strategies. Recent market activity shows strong demand for updated homes in this area, and renovated comparable point to meaningful after-repair value potential. For buyers ready to apply vision, planning, and sweat equity, this home offers a solid value-add opportunity. Property is sold as-is. Buyer to verify all information important to them. Call or text Minnie Lee Realty today to schedule a showing or discuss next steps.

8. 2026-01-23
   price $84,000 969-char remark

   Show marketing remark (969 chars)

   Welcome to 2925 Steiner Ct SW, a spacious two-story home offering 5 bedrooms, 3.5 bathrooms and approximately 2,693 square feet of living space on a ~6,970 sq ft lot in Birmingham. This property provides an excellent canvas for renovation and value creation. The generous layout and solid structural footprint make it ideal for investors, cash buyers, or anyone looking to design a customized home or build a long-term rental asset. Interior updates will be needed throughout, but the space and structure support a wide range of improvement strategies. Recent market activity shows strong demand for updated homes in this area, and renovated comparable point to meaningful after-repair value potential. For buyers ready to apply vision, planning, and sweat equity, this home offers a solid value-add opportunity. Property is sold as-is. Buyer to verify all information important to them. Call or text Minnie Lee Realty today to schedule a showing or discuss next steps.

9. 2025-11-28
   listed $88,200 Active 969-char remark

   Show marketing remark (969 chars)

   Welcome to 2925 Steiner Ct SW, a spacious two-story home offering 5 bedrooms, 3.5 bathrooms and approximately 2,693 square feet of living space on a ~6,970 sq ft lot in Birmingham. This property provides an excellent canvas for renovation and value creation. The generous layout and solid structural footprint make it ideal for investors, cash buyers, or anyone looking to design a customized home or build a long-term rental asset. Interior updates will be needed throughout, but the space and structure support a wide range of improvement strategies. Recent market activity shows strong demand for updated homes in this area, and renovated comparable point to meaningful after-repair value potential. For buyers ready to apply vision, planning, and sweat equity, this home offers a solid value-add opportunity. Property is sold as-is. Buyer to verify all information important to them. Call or text Minnie Lee Realty today to schedule a showing or discuss next steps.

10. 2017-02-16
    soldstatus $65,500
11. 2012-02-03
    soldstatus $18,000 680-char remark

    Show marketing remark (680 chars)

    PRICE REDUCED!! Look at this two story brick home that has so much potential! Property is occupied by tenant. Must set up showing prior to entering property. Lease agreement is in place. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage financing. All offers subject to CORP APPROVAL. Property SOLD AS-IS & right of redemption may apply. ANY item of significance to be confirmed by selling agent. Seller has NOT occupied the property. A 3 month deed restriction may apply for investor buyers. CORP ADDENDA must become part of any contract. INVESTOR OFFERS WILL NOT BE CONSIDERED FOR THE FIRST 15 DAYS OF THE LISTING.

12. 2011-04-13
    listed $24,900 680-char remark

    Show marketing remark (680 chars)

    PRICE REDUCED!! Look at this two story brick home that has so much potential! Property is occupied by tenant. Must set up showing prior to entering property. Lease agreement is in place. Purchase this property for as little as 3% down! This property is approved for HomePath Renovation Mortgage financing. All offers subject to CORP APPROVAL. Property SOLD AS-IS & right of redemption may apply. ANY item of significance to be confirmed by selling agent. Seller has NOT occupied the property. A 3 month deed restriction may apply for investor buyers. CORP ADDENDA must become part of any contract. INVESTOR OFFERS WILL NOT BE CONSIDERED FOR THE FIRST 15 DAYS OF THE LISTING.

13. 2003-06-09
    soldstatus $79,500
14. 1980-05-01
    soldstatus $28,500

ⓘ 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: $1,540 · $128/mo
• Projected year-2 tax: $1,540 · $128/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 8/10 Severe FEMA zone AE · 99% 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: $20,040
• − Mortgage interest: −$4,705
• − Property taxes: −$1,540
• − Insurance: −$5,538
• − Repairs & maintenance: −$1,603
• − Management: −$1,603
• − Depreciation: −$2,444
• Taxable income: $2,606
• Est. tax owed @ 24.0%: −$625
• After-tax cash flow: $2,841/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

+194.7% since first listed

9 events — show timeline

• 2026-03-31 Relisted — Greater Alabama MLS
• 2026-02-18 Pending — Greater Alabama MLS
• 2026-01-23 Price Changed $84,000 Greater Alabama MLS
• 2025-11-28 Listed $88,200 Greater Alabama MLS
• 2017-02-16 Sold (Public Records) $65,500 Public Records
• 2012-02-03 Sold (MLS) $18,000 Greater Alabama MLS
• 2011-04-13 Listed $24,900 Greater Alabama MLS
• 2003-06-09 Sold (Public Records) $79,500 Public Records
• 1980-05-01 Sold (Public Records) $28,500 Public Records

Property tax history

+0.7%/yr

Latest (2025): $1,540 · +120.5% YoY. Source: county tax records.