340 Woodward Rd · Midfield, AL 35228

$99,750

3 bd · 1.0 ba · 1,255 sqft · SingleFamily public records · 20 Days on market

Built 1945 10,454 sqft lot Est $88k · 14% over

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Why this score? — see what drove the C- 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 +26.0/30.0
• DSCR +8.8/10.0
• 1% rule +6.6/10.0
• Livability +3.2/5.0
• Appreciation +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• ARV discount +1.4/15.0
• Schools +0.7/10.0

Listing remarks MLS

WELCOME TO 340 WOODWARD ROAD!! THIS PROPERTY IS TENANT OCCUPIED AND IS READY FOR A NEW OWNER!!! THE HOME OFFERS 3-BEDROOMS, 1-FULL BATH, LIVING ROOM WITH FIREPLACE, DINING ROOM, DEN, AND A FENCED YARD. IT IS LOCATED ON A CORNER LOT AND THE ROOF IS 3-YEARS OLD!!! THIS ONE IS PRICED TO SELL; MAKE AN OFFER!!!

Key facts

• 0.24 acre lot
• Garage
• Built 1945

Property features AI

Finance

• HOA & community: Library fee included

Exterior

• Parking: Detached garage with rear entry — 1 garage space
• Utilities: Public water; Connected sewer; Internet service available
• Home design: Existing single-family home; Main living all on one level (rooms listed at level 1)
• Construction: Siding (other) exterior; Crawl space foundation
• Exterior features: Fenced yard; No pool, patio, decks, or garden/patio reported; Not waterfront

Interior

• Kitchen: Laminate countertops; Electric cooktop
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Carpet floors; Ceilings: other (see remarks); Brick wood-burning fireplace in the living room; Attic with pull-down access; Has laundry
• Laundry & utility: Main-level laundry room with washer hookup and electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#164 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F, employment F, health & safety F.
• Midfield City (suburban): math 2% / reading 14% proficiency, ranked #126 of 129 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Midfield Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 390 students, 84% FRL); Midfield High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 340 students, 87% FRL) — zoned schools at 86% FRL track the district average.
• Market conditions: Rents soft (-1.5%/yr); 87 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $690 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 20 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y 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 $85k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $98,253 (1.5% below list)

Questions for the listing agent

1. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 9.28%
• Cash-on-cash: 10.69%
• DSCR: 1.48
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $87,850
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
340 Woodward Rd	0.00mi	3/1.0	1,255 (0%)	12mo	$85,000	$68	90
400 Woodward Rd	0.03mi	3/1.0	1,211 (-4%)	12mo	$85,000	$70	83
521 Grant St	0.17mi	3/2.0	1,368 (+9%)	9mo	$80,000	$58	66
1412 Woodward Rd	0.60mi	3/1.0	1,220 (-3%)	2mo	$65,000	$53	66
336 Birwood Ave	0.13mi	3/1.0	1,093 (-13%)	10mo	$78,000	$71	64
1508 Collier Dr	0.45mi	3/1.0	1,280 (+2%)	14mo	$90,000	$70	64
1808 Collier Dr	0.25mi	2/1.0 (-1)	1,174 (-6%)	12mo	$83,000	$71	63
923 Woodward Rd	0.73mi	3/1.0	1,273 (+1%)	5mo	$65,000	$51	60
1356 Woodward Rd	0.72mi	3/1.0	1,164 (-7%)	1mo	$98,000	$84	54
215 1st Ave	0.71mi	3/1.0	1,296 (+3%)	11mo	$54,000	$42	52
5045 Juanita Cir	0.71mi	3/1.5	1,176 (-6%)	11mo	$110,000	$94	46
349 Midwood Ave	0.72mi	4/2.0 (+1)	1,160 (-8%)	12mo	$165,000	$142	35

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: -3.7%
• Equity multiple: 0.87×
• Total profit: $-3,722
• Equity at exit: $14,873

10-year hold

• IRR: 2.3%
• Equity multiple: 1.14×
• Total profit: $4,023
• Equity at exit: $8,625

Cash invested: $27,930 (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 35228

• Home prices YoY: -3.5%
• Rents YoY: -1.5%
• Active inventory: 87
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,161 high
• Mortgage (P&I): −$523
• Tax from tax record: −$104 /mo · $1,249/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $249

Break-even live

Break-even rent $847

Max offer price $99,750

Occupancy floor 74%

Sensitivity live

Price	-10% $305	-5% $277	+0% $249	+5% $220	+10% $192
Rent	-10% $157	-5% $203	+0% $249	+5% $295	+10% $340
Rate	-1.0pp $299	-0.5pp $274	base $249	+0.5pp $223	+1.0pp $197

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: $24,938
• Closing costs: $2,992
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	25d	1	0.16mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	25d	1	0.22mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	45d	1	0.27mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	17d	1	0.31mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	45d	1	0.59mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	17d	1	0.63mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	25d	1	0.71mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	45d	1	0.71mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	4d	1	0.72mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	25d	1	0.75mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	45d	1	0.76mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	45d	1	0.76mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	45d	1	0.78mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	45d	1	0.79mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	45d	1	0.85mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	20d	1	0.86mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	45d	1	0.88mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	3d	1	0.89mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	11d	1	0.91mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	13d	1	0.91mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	4d	1	0.91mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	4d	1	0.91mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	11d	1	0.91mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	11d	1	0.91mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	11d	1	0.91mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	11d	1	0.91mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	3d	1	0.99mi
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	45d	1	1.05mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	45d	1	1.06mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	45d	1	1.21mi
4029 Walnut Ave SW Birmingham, AL	2.0	1.0	1300	$1,369	$1.05	4d	1	1.21mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	45d	1	1.21mi
3736 Oak Ave SW Birmingham, AL	3.0	2.0	984	$1,050	$1.07	25d	1	1.22mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	45d	1	1.24mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	45d	1	1.25mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	45d	1	1.25mi
3729 Pine Ave SW Birmingham, AL	3.0	1.0	1067	$1,100	$1.03	22d	1	1.27mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	15d	1	1.28mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	4d	1	1.29mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	45d	1	1.30mi

Listing history 15 events

1. 2026-06-18
   days on market $99,750 Active 20 DOM
2. 2026-06-17
   days on market $99,750 Active 19 DOM
3. 2026-06-16
   days on market $99,750 Active 18 DOM
4. 2026-06-15
   days on market $99,750 Active 17 DOM
5. 2026-06-13
   days on market $99,750 Active 15 DOM
6. 2026-06-13
   days on market $99,750 Active 14 DOM
7. 2026-06-10
   days on market $99,750 Active 12 DOM
8. 2026-06-09
   days on market $99,750 Active 11 DOM
9. 2026-06-08
   days on market $99,750 Active 10 DOM
10. 2026-06-07
    days on market $99,750 Active 9 DOM
11. 2026-06-05
    days on market $99,750 Active 6 DOM
12. 2026-06-03
    days on market $99,750 Active 5 DOM
13. 2026-06-02
    days on market $99,750 Active 4 DOM
14. 2026-06-01
    days on market $99,750 Active 3 DOM
15. 2026-05-31
    days on market $99,750 Active 2 DOM

ⓘ 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: $1,249 · $104/mo
• Projected year-2 tax: $1,249 · $104/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 7/10 Severe 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: $13,936
• − Mortgage interest: −$5,588
• − Property taxes: −$1,249
• − Insurance: −$499
• − Repairs & maintenance: −$1,115
• − Management: −$1,115
• − Depreciation: −$2,902
• Taxable income: $1,469
• Est. tax owed @ 24.0%: −$353
• After-tax cash flow: $2,632/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: Midfield City
• NCES district ID: 0102350
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 14% ▼ -5.00%
• Median HH income: $39,267
• Composite: 6.89/100
• National rank: #9978
• State rank: #126 of 129 in AL

Livability — Midfield

• Score: 64/100
• State rank: #164
• US rank: #14536

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midfield, AL
• County: Jefferson County · 527,445 people
• City population: 10,216
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 10,216
• Household income: $50,815
• Rent vs Own: 41.2% rent · 58.8% own
• Severe rent burden: 456.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 5% Two or more races 5% White 5%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 5%

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: ▼ -4.84%
• Current HPI: 134.8633
• Rent YoY: ▼ -1.47%
• 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

+66.2% since first listed

12 events — show timeline

• 2026-05-29 Listed $99,750 Greater Alabama MLS
• 2025-11-20 Rental Removed $999 TENANTTURNER2
• 2025-10-16 Listed for Rent $999 TENANTTURNER2
• 2025-07-01 Sold (Public Records) $85,000 Public Records
• 2025-06-20 Sold (MLS) $85,000 Greater Alabama MLS
• 2025-05-16 Contingent — Greater Alabama MLS
• 2025-04-28 Listed $79,900 Greater Alabama MLS
• 2013-04-18 Sold (MLS) $27,000 Greater Alabama MLS
• 2013-03-14 Listed $29,000 Greater Alabama MLS
• 2006-07-28 Sold (Public Records) $86,000 Public Records
• 2004-09-02 Sold (Public Records) $78,000 Public Records
• 1997-04-04 Sold (Public Records) $60,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,249 · +6.9% YoY. Source: county tax records.