2031 Princeton Ave SW · Birmingham, AL 35211

$59,900

2 bd · 1.0 ba · 941 sqft · SingleFamily public records · 41 Days on market

Built 1947 7,840 sqft lot $64/sqft · 16% above area Est $52k · 16% 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 +30.0/30.0
• 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
• ARV discount +0.3/15.0
• Appreciation +0.0/10.0

Listing remarks

Nice home. BUYER TO VERIFY ALL IMPORTANCE INFORMATION

Key facts

• 7,840 sq ft lot
• Built 1947
• Listed 41 days

Property features AI

Finance

• Other: Fire fee included; Garbage fee included; Library fee included
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Existing residence; Wood construction; Crawl space foundation
• Construction: Wood construction; Crawl space foundation
• Exterior features: Fenced yard; No pool; No patio; No decks; Lot not in flood plain; No special lot view

Interior

• Kitchen: Laminate countertops
• Bedrooms: Multiple bedrooms on main level
• Flooring: Carpet
• Bathrooms: 1 full bathroom; Linen closet
• Heating & cooling: Central heating; Central cooling
• Interior features: Carpet flooring; Some window treatments to remain; Attic present; Brick wood-burning fireplace in the living room; Ceilings: other (see remarks)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $390 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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: Central Park Elementary School (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 447 students, 83% FRL) — zoned schools at 83% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 152 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 35% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $414 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 + 0.0% rent growth), your $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($58k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1947 — 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 $58,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1947 — 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: 1.69% ✓
• Cap rate: 14.10%
• Cash-on-cash: 27.90%
• DSCR: 2.24
• GRM: 4.9

CMA / ARV

• ARV (median comp): $51,685
• List price: $59,900
• Delta: 15.89%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
208 22nd St SW	0.13mi	2/1.0	926 (-2%)	1mo	$57,000	$62	90
1928 Princeton Ct	0.09mi	2/1.0	850 (-10%)	2mo	$26,000	$31	78
530 19th St SW	0.13mi	2/1.0	990 (+5%)	14mo	$62,000	$63	73
4929 Avenue R	0.59mi	2/1.0	962 (+2%)	5mo	$43,000	$45	64
2724 Lee Ave SW	0.58mi	3/1.0 (+1)	960 (+2%)	1mo	$72,000	$75	63
340 SW 22nd St SW	0.32mi	2/1.0	846 (-10%)	8mo	$25,000	$30	61
2136 47th St W	0.61mi	2/1.0	892 (-5%)	4mo	$12,000	$13	59
1925 Woodland Ave SW	0.38mi	3/1.0 (+1)	1,011 (+7%)	15mo	$21,000	$21	53
4929 Terrace R	0.45mi	3/1.0 (+1)	1,000 (+6%)	14mo	$55,000	$55	52
1825 Madison Ave SW	0.56mi	3/1.0 (+1)	887 (-6%)	15mo	$117,000	$132	47
1813 Jefferson Ave SW	0.66mi	2/1.0	816 (-13%)	1mo	$47,500	$58	46
1736 Jefferson Ave SW	0.71mi	3/1.0 (+1)	871 (-7%)	12mo	$116,000	$133	40

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: 18.6%
• Equity multiple: 1.73×
• Total profit: $12,180
• Equity at exit: $8,931

10-year hold

• IRR: 24.8%
• Equity multiple: 2.86×
• Total profit: $31,194
• Equity at exit: $5,179

Cash invested: $16,772 (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: 4.9×

Monthly cashflow live

• Estimated rent: $1,010 high
• Mortgage (P&I): −$314
• Tax from tax record: −$69 /mo · $824/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $390

Break-even live

Break-even rent $516

Max offer price $59,900

Occupancy floor 56%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	44d	1	0.06mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	3d	1	0.13mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	24d	1	0.16mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	24d	1	0.22mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	44d	1	0.40mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	44d	1	0.43mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	44d	1	0.47mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	21d	1	0.48mi
132 17th St SW Birmingham, AL	2.0	1.0	738	$945	$1.28	44d	1	0.57mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	44d	1	0.57mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	44d	1	0.59mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	15d	1	0.70mi
521 16th St SW Unit 523 Birmingham, AL	2.0	1.0	800	$800	$1.00	44d	1	0.73mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	44d	1	0.75mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	44d	1	0.76mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	16d	1	0.79mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	3d	1	0.80mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	44d	1	0.84mi
3012 Avenue X Unit C Birmingham, AL	3.0	1.0	620	$650	$1.05	12d	1	0.89mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.90mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	44d	1	0.91mi
2329 30th Street Ensley Birmingham, AL	2.0	1.0	917	$990	$1.08	24d	1	0.92mi
2421 29th Street Ensley Unit C Birmingham, AL	2.0	1.0	950	$703	$0.74	24d	1	0.98mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	24d	1	1.02mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	44d	1	1.09mi
914 14th St SW Unit B Birmingham, AL	1.0	1.0	580	$600	$1.03	12d	1	1.09mi
914 14th St SW Unit A Birmingham, AL	1.0	1.0	577	$600	$1.04	24d	1	1.09mi
914 14th St SW Unit B Birmingham, AL	1.0	1.0	577	$700	$1.21	24d	1	1.09mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	800	$800	$1.00	12d	1	1.10mi
916 14th St SW Unit A Birmingham, AL	2.0	1.0	870	$800	$0.92	24d	1	1.10mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	870	$800	$0.92	44d	1	1.10mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	44d	1	1.11mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	12d	1	1.14mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	21d	1	1.14mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	44d	1	1.14mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	44d	1	1.15mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	44d	1	1.15mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	44d	1	1.15mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	44d	1	1.15mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	44d	1	1.16mi

Listing history 18 events

1. 2026-06-18
   days on market $59,900 Active 41 DOM
2. 2026-06-17
   days on market $59,900 Active 40 DOM
3. 2026-06-16
   days on market $59,900 Active 39 DOM
4. 2026-06-15
   days on market $59,900 Active 38 DOM
5. 2026-06-13
   days on market $59,900 Active 36 DOM
6. 2026-06-10
   days on market $59,900 Active 33 DOM
7. 2026-06-09
   days on market $59,900 Active 32 DOM
8. 2026-06-08
   days on market $59,900 Active 31 DOM
9. 2026-06-07
   days on market $59,900 Active 30 DOM
10. 2026-06-03
    days on market $59,900 Active 26 DOM
11. 2026-06-02
    days on market $59,900 Active 25 DOM
12. 2026-06-01
    days on market $59,900 Active 24 DOM
13. 2026-05-31
    days on market $59,900 Active 23 DOM
14. 2026-05-07
    listed $59,900 Active 53-char remark
15. 2020-12-07
    soldstatus $80,000
16. 2004-08-17
    soldstatus $46,500
17. 1999-09-02
    soldstatus $35,100
18. 1996-09-01
    soldstatus $35,900

ⓘ 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: $824 · $69/mo
• Projected year-2 tax: $824 · $69/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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,116
• − Mortgage interest: −$3,355
• − Property taxes: −$824
• − Insurance: −$300
• − Repairs & maintenance: −$969
• − Management: −$969
• − Depreciation: −$1,743
• Taxable income: $3,956
• Est. tax owed @ 24.0%: −$950
• After-tax cash flow: $3,729/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

+66.9% since first listed

5 events — show timeline

• 2026-05-07 Listed $59,900 Greater Alabama MLS
• 2020-12-07 Sold (Public Records) $80,000 Public Records
• 2004-08-17 Sold (Public Records) $46,500 Public Records
• 1999-09-02 Sold (Public Records) $35,100 Public Records
• 1996-09-01 Sold (Public Records) $35,900 Public Records

Property tax history

+1.3%/yr

Latest (2025): $824 · +0.0% YoY. Source: county tax records.