216 Red Lane Rd · Birmingham, AL 35215

$101,900

3 bd · 1.0 ba · 988 sqft · SingleFamily public records · 55 Days on market

Built 1920 0.44 ac lot $103/sqft · 16% below area Est $122k · 16% 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 +26.5/30.0
• ARV discount +14.9/15.0
• DSCR +9.0/10.0
• 1% rule +6.6/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

Key facts

• Large lot
• Updated flooring
• Attic re-insulation

Tags

• FULL ELECTRICAL REWIRING
• FRESH INTERIOR PAINT
• UPDATED FLOORING
• ATTIC RE-INSULATION
• LARGE LOT

Property features AI

Finance

• Other: Property parcel identifier available; Approximately 0.44 acres
• Financial info: Down payment assistance available
• HOA & community: No association fees

Exterior

• Parking: Driveway parking; Off-street parking; Uncovered parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability unknown
• Home design: Single-story layout (all main-level rooms); Existing construction; Vinyl siding
• Construction: Crawl space foundation
• Exterior features: Front porch

Interior

• Kitchen: Laminate countertops; Built-in dishwasher; Refrigerator; Some stainless appliances
• Bedrooms: Three bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Heat pump heating; Central cooling
• Interior features: Smooth ceilings; No additional built-in interior features listed
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level; Laundry space listed as 'Other (See Remarks)'

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $102k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $102k).
• Recommended offer: $99k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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-, crime F, employment 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.
• Zoned schools: Martha Gaskins K5 (math 0% / reading 15%, grade F, #598 of 627 statewide, top 96%, 509 students, 87% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL) — zoned schools at 79% FRL track the district average.
• Market conditions: Rents rising (+3.0%/yr); 336 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 (-3.0%/yr); year-one equity from $705 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $6k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $102k implies a 104% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $98,843 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 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 1920 — 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: 1.16% ✓
• Cap rate: 9.47%
• Cash-on-cash: 11.34%
• DSCR: 1.50
• GRM: 7.2

CMA / ARV

• ARV (median comp): $122,030
• List price: $101,900
• Delta: -16.50%
• 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
153 Rose Dr	0.30mi	3/1.0	984 (-0%)	12mo	$119,000	$121	75
416 Hearn Cir	0.47mi	3/1.0	1,026 (+4%)	8mo	$85,000	$83	65
9817 Virginianna Dr	0.70mi	3/1.0	989 (+0%)	4mo	$125,000	$126	64
205 Tucker Ave	0.64mi	3/1.0	1,012 (+2%)	5mo	$85,000	$84	62
201 Carol Dr	0.41mi	3/1.0	1,096 (+11%)	2mo	$154,000	$141	61
437 Dalton Dr	0.74mi	3/2.0	1,002 (+1%)	4mo	$103,000	$103	56
209 Tucker Ave	0.65mi	3/1.0	1,044 (+6%)	9mo	$62,500	$60	53
9828 Red Mill Rd	0.51mi	3/1.0	1,106 (+12%)	8mo	$99,900	$90	50
221 Lawson Rd	0.53mi	3/1.0	1,102 (+12%)	8mo	$78,500	$71	50
408 Ford Way	0.74mi	3/1.0	1,074 (+9%)	2mo	$27,500	$26	49
9048 Bel Air Dr	0.69mi	2/1.0 (-1)	940 (-5%)	8mo	$90,000	$96	48
252 Westwood Dr	0.74mi	3/1.5	1,124 (+14%)	6mo	$93,000	$83	36

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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $701
• Equity at exit: $15,194

10-year hold

• IRR: 10.3%
• Equity multiple: 1.80×
• Total profit: $22,885
• Equity at exit: $8,810

Cash invested: $28,532 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 336
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,179 high
• Mortgage (P&I): −$534
• Tax from tax record: −$85 /mo · $1,018/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $270

Break-even live

Break-even rent $838

Max offer price $101,900

Occupancy floor 72%

Sensitivity live

Price	-10% $327	-5% $298	+0% $270	+5% $241	+10% $212
Rent	-10% $177	-5% $223	+0% $270	+5% $316	+10% $363
Rate	-1.0pp $321	-0.5pp $296	base $270	+0.5pp $243	+1.0pp $216

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: $25,475
• Closing costs: $3,057
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
201 Rose Dr Birmingham, AL	3.0	1.0	972	$1,100	$1.13	18d	1	0.35mi
9844 Greenlee Rd Birmingham, AL	3.0	1.0	1046	$950	$0.91	45d	1	0.38mi
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	45d	1	0.41mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	25d	1	0.49mi
204 McCormick Ave Birmingham, AL	3.0	1.0	880	$980	$1.11	5d	1	0.54mi
209 Tucker Ave Birmingham, AL	3.0	1.0	1044	$1,100	$1.05	45d	1	0.61mi
628 Annie Laura Dr Birmingham, AL	3.0	1.0	844	$1,195	$1.42	45d	1	0.62mi
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	23d	1	0.65mi
8917 Roebuck Blvd Apt 11 Birmingham, AL	2.0	1.0	880	$725	$0.82	18d	1	0.68mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	3d	1	0.70mi
252 Meadowdale Ave Birmingham, AL	3.0	1.0	920	$995	$1.08	45d	1	0.73mi
603 Camp Ct Birmingham, AL	3.0	1.0	936	$1,300	$1.39	45d	1	0.77mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	45d	1	0.91mi
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	45d	1	0.99mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	4d	1	1.10mi
600 Sundale Dr Birmingham, AL	2.0	1.0	950	$800	$0.84	45d	1	1.21mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	25d	1	1.23mi
425 87th St S Birmingham, AL	2.0	1.0	890	$1,077	$1.21	45d	1	1.27mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	5d	1	1.48mi

Listing history 25 events

1. 2026-06-17
   status $101,900 Pending 55 DOM
2. 2026-06-16
   days on market $101,900 Active 55 DOM
3. 2026-06-15
   days on market $101,900 Active 54 DOM
4. 2026-06-13
   days on market $101,900 Active 52 DOM
5. 2026-06-10
   days on market $101,900 Active 49 DOM
6. 2026-06-09
   days on market $101,900 Active 48 DOM
7. 2026-06-08
   days on market $101,900 Active 47 DOM
8. 2026-06-07
   days on market $101,900 Active 46 DOM
9. 2026-06-03
   days on market $101,900 Active 42 DOM
10. 2026-06-02
    days on market $101,900 Active 41 DOM
11. 2026-06-01
    days on market $101,900 Active 40 DOM
12. 2026-05-31
    days on market $101,900 Active 39 DOM
13. 2026-05-13
    price $101,900 386-char remark
14. 2026-04-23
    listed $108,000 Active 386-char remark
15. 2024-07-22
    price $105,000
16. 2023-12-05
    soldstatus $50,000 Sold

    Show marketing remark (217 chars)

    Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

17. 2023-11-20
    status Pending

    Show marketing remark (217 chars)

    Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

18. 2023-11-13
    status Active

    Show marketing remark (217 chars)

    Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

19. 2023-10-17
    status Pending

    Show marketing remark (217 chars)

    Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

20. 2023-10-06
    listed $55,000 Active

    Show marketing remark (217 chars)

    Make some money with this house! A great investment opportunity. Put some TLC into it, and turn it around. Can be a rental or a flip. House is being sold "as is". Fix it up and start taking in your profits.

21. 2019-10-28
    price $45,000
22. 2019-10-28
    price $43,000
23. 2019-10-20
    price $45,000
24. 2019-07-12
    price $47,000
25. 2004-12-22
    soldstatus $66,500

ⓘ 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: $1,018 · $85/mo
• Projected year-2 tax: $1,018 · $85/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 ≥105°F today · 19 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: $14,146
• − Mortgage interest: −$5,708
• − Property taxes: −$1,018
• − Insurance: −$510
• − Repairs & maintenance: −$1,132
• − Management: −$1,132
• − Depreciation: −$2,964
• Taxable income: $1,683
• Est. tax owed @ 24.0%: −$404
• After-tax cash flow: $2,832/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): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+53.2% since first listed

14 events — show timeline

• 2026-06-16 Pending — Greater Alabama MLS
• 2026-05-13 Price Changed $101,900 Greater Alabama MLS
• 2026-04-23 Listed $108,000 Greater Alabama MLS
• 2024-07-22 Price Changed $105,000 Greater Alabama MLS
• 2023-12-05 Sold (MLS) $50,000 Greater Alabama MLS
• 2023-11-20 Pending — Greater Alabama MLS
• 2023-11-13 Relisted — Greater Alabama MLS
• 2023-10-17 Pending — Greater Alabama MLS
• 2023-10-06 Listed $55,000 Greater Alabama MLS
• 2019-10-28 Price Changed $45,000 Greater Alabama MLS
• 2019-10-28 Price Changed $43,000 Greater Alabama MLS
• 2019-10-20 Price Changed $45,000 Greater Alabama MLS
• 2019-07-12 Price Changed $47,000 Greater Alabama MLS
• 2004-12-22 Sold (Public Records) $66,500 Public Records

Property tax history

+10.8%/yr

Latest (2025): $1,018 · +3.7% YoY. Source: county tax records.