3740 Pine Ave SW · Birmingham, AL 35221

$50,000

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 110 Days on market

Built 1937 6,098 sqft lot $47/sqft · 27% below area Est $68k · 27% 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
• Appreciation +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

This house boasts three (3) bedrooms and a separate living and dining area. The leveled backyard and off-street parking make it an ideal choice for families or as an income-generating investment property. Currently, a tenant is occupying the property at a rate below market value.

Key facts

• 6,098 sq ft lot
• Built 1937
• Listed 109 days

🏷️ Possibly a rental listed for sale. The $50,000 price doesn't fit this home's estimated sale value (~$68,120) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $502 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $46k (9.0% below list) — sets the bar for market timing.
• Cap rate 18.3% 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: 26 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 51% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.3%/yr); year-one equity from $346 of loan paydown is wiped out by about $659 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 (-1.3% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($46k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 8y ago; this cycle's ask has dropped $20k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $6k; list at $50k implies a 733% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1937 — 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 $45,500 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1937 — 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: 2.18% ✓
• Cap rate: 18.35%
• Cash-on-cash: 43.05%
• DSCR: 2.92
• GRM: 3.8

CMA / ARV

• ARV (median comp): $68,120
• List price: $50,000
• Delta: -26.60%
• 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
3729 Pine Ave SW	0.04mi	3/1.0	1,067 (+0%)	5mo	$70,000	$66	93
4100 Park Ave	0.23mi	3/1.0	1,125 (+6%)	10mo	$82,500	$73	71
3720 Howard Ave SW	0.42mi	3/1.0	1,092 (+3%)	6mo	$64,000	$59	71
3321 Cedar Ave SW	0.54mi	3/1.0	1,100 (+3%)	10mo	$65,000	$59	60
4008 Grasselli Ave	0.47mi	3/1.0	1,153 (+8%)	8mo	$85,000	$74	57
3008 Elmyra Dr	0.47mi	3/2.0	1,104 (+4%)	13mo	$88,000	$80	57
3317 46th St SW	0.66mi	4/2.0 (+1)	1,103 (+4%)	2mo	$6,000	$5	53
3417 Maple Ave SW	0.37mi	2/1.0 (-1)	910 (-14%)	2mo	$50,000	$55	52
3304 Spaulding St SW	0.56mi	3/2.0	1,140 (+7%)	8mo	$40,000	$35	52
2812 32nd Way SW	0.56mi	3/1.0	1,205 (+13%)	4mo	$35,000	$29	48
4628 SW Hillman Dr	0.61mi	4/2.0 (+1)	1,166 (+10%)	1mo	$69,900	$60	45
3329 Park Ave SW	0.73mi	3/1.0	1,176 (+10%)	6mo	$59,900	$51	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 42.3%
• Equity multiple: 2.97×
• Total profit: $27,532
• Equity at exit: $11,311

10-year hold

• IRR: 46.7%
• Equity multiple: 5.90×
• Total profit: $68,608
• Equity at exit: $11,243

Cash invested: $14,000 (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 35221

• Home prices YoY: -1.1%
• Active inventory: 26
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,089 high
• Mortgage (P&I): −$262
• Tax from tax record: −$75 /mo · $899/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$229
• Net cashflow: $502

Break-even live

Break-even rent $453

Max offer price $50,000

Occupancy floor 49%

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3736 Oak Ave SW Birmingham, AL	3.0	2.0	984	$1,050	$1.07	24d	1	0.06mi
3729 Pine Ave SW Birmingham, AL	3.0	1.0	1067	$1,100	$1.03	21d	1	0.07mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	44d	1	0.09mi
4029 Walnut Ave SW Birmingham, AL	2.0	1.0	1300	$1,369	$1.05	3d	1	0.22mi
3616 Maple Ave SW Birmingham, AL	2.0	1.0	1488	$950	$0.64	44d	1	0.22mi
4120 George Ave SW Birmingham, AL	2.0	1.0	944	$850	$0.90	24d	1	0.41mi
3720 Howard Ave SW Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	24d	1	0.45mi
4009 Grasselli Ave SW Birmingham, AL	3.0	1.0	875	$900	$1.03	24d	1	0.51mi
3400 Walnut Ave SW Birmingham, AL	3.0	1.0	1133	$1,200	$1.06	44d	1	0.53mi
2804 32nd Way SW Birmingham, AL	3.0	1.0	840	$900	$1.07	44d	1	0.58mi
3332 Walnut Ave SW Birmingham, AL	3.0	1.0	1339	$750	$0.56	19d	1	0.60mi
2805 32nd Way SW Birmingham, AL	3.0	1.0	792	$900	$1.14	44d	1	0.60mi
3417 Park Ave SW Birmingham, AL	4.0	1.0	1402	$900	$0.64	44d	1	0.66mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	0.73mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	44d	1	0.86mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	44d	1	0.86mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	0.86mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	12d	1	0.87mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	24d	1	0.87mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	44d	1	0.91mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	3d	1	0.92mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	16d	1	0.95mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	44d	1	0.95mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	44d	1	0.97mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	24d	1	1.00mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	44d	1	1.03mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	24d	1	1.05mi
830 Burwell St Birmingham, AL	3.0	1.5	1011	$1,200	$1.19	44d	1	1.07mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	24d	1	1.08mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	44d	1	1.09mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	16d	1	1.10mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	44d	1	1.13mi
1838 31st St SW Birmingham, AL	3.0	2.0	1400	$1,223	$0.87	16d	1	1.18mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	44d	1	1.22mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	44d	1	1.34mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	44d	1	1.40mi
2113 Rambow Ave SW Birmingham, AL	2.0	1.0	838	$1,250	$1.49	44d	1	1.45mi
1341 Pineview Rd Birmingham, AL	4.0	2.0	1409	$1,300	$0.92	44d	1	1.48mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	3d	1	1.50mi

Listing history 20 events

1. 2026-06-18
   days on market $50,000 Active 110 DOM
2. 2026-06-17
   days on market $50,000 Active 109 DOM
3. 2026-06-16
   days on market $50,000 Active 108 DOM
4. 2026-06-15
   days on market $50,000 Active 107 DOM
5. 2026-06-13
   pricedays on market $50,000 Active 105 DOM
6. 2026-06-10
   days on market $55,000 Active 102 DOM
7. 2026-06-09
   days on market $55,000 Active 101 DOM
8. 2026-06-08
   days on market $55,000 Active 100 DOM
9. 2026-06-07
   days on market $55,000 Active 99 DOM
10. 2026-06-03
    days on market $55,000 Active 95 DOM
11. 2026-06-02
    days on market $55,000 Active 94 DOM
12. 2026-06-01
    days on market $55,000 Active 93 DOM
13. 2026-05-31
    days on market $55,000 Active 92 DOM
14. 2026-04-13
    price $55,000 280-char remark

    Show marketing remark (280 chars)

    This house boasts three (3) bedrooms and a separate living and dining area. The leveled backyard and off-street parking make it an ideal choice for families or as an income-generating investment property. Currently, a tenant is occupying the property at a rate below market value.

15. 2026-03-18
    price $65,000 280-char remark

    Show marketing remark (280 chars)

    This house boasts three (3) bedrooms and a separate living and dining area. The leveled backyard and off-street parking make it an ideal choice for families or as an income-generating investment property. Currently, a tenant is occupying the property at a rate below market value.

16. 2026-03-01
    listed $70,000 Active 280-char remark

    Show marketing remark (280 chars)

    This house boasts three (3) bedrooms and a separate living and dining area. The leveled backyard and off-street parking make it an ideal choice for families or as an income-generating investment property. Currently, a tenant is occupying the property at a rate below market value.

17. 2026-02-27
    historical $70,000 280-char remark

    Show marketing remark (280 chars)

    This house boasts three (3) bedrooms and a separate living and dining area. The leveled backyard and off-street parking make it an ideal choice for families or as an income-generating investment property. Currently, a tenant is occupying the property at a rate below market value.

18. 2018-04-29
    soldstatus $6,000 Sold 7-char remark

    Show marketing remark (7 chars)

    Auction

19. 2018-04-29
    listed $10,000 Active 7-char remark

    Show marketing remark (7 chars)

    Auction

20. 2002-03-18
    soldstatus $34,500

ⓘ 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: $899 · $75/mo
• Projected year-2 tax: $899 · $75/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°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: $13,066
• − Mortgage interest: −$2,801
• − Property taxes: −$899
• − Insurance: −$250
• − Repairs & maintenance: −$1,045
• − Management: −$1,045
• − Depreciation: −$1,455
• Taxable income: $5,571
• Est. tax owed @ 24.0%: −$1,337
• After-tax cash flow: $4,689/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): 3,127

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 (89%)
• Race & ethnicity: Black 89% Two or more races 7% Hispanic / Latino 6% White 4%
• Hispanic origin (detail): Mexican 6%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -1.32%
• Current HPI: 121.0566
• 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

+59.4% since first listed

7 events — show timeline

• 2026-04-13 Price Changed $55,000 Greater Alabama MLS
• 2026-03-18 Price Changed $65,000 Greater Alabama MLS
• 2026-03-01 Listed $70,000 Greater Alabama MLS
• 2026-02-27 Coming Soon $70,000 Greater Alabama MLS
• 2018-04-29 Listed $10,000 Greater Alabama MLS
• 2018-04-29 Sold (MLS) $6,000 Greater Alabama MLS
• 2002-03-18 Sold (Public Records) $34,500 Public Records

Property tax history

+5.2%/yr

Latest (2025): $899 · +0.0% YoY. Source: county tax records.