1216 Portland St · Birmingham, AL 35224

$120,000

3 bd · 1.0 ba · 1,351 sqft · SingleFamily public records · 177 Days on market

Built 1940 7,405 sqft lot $89/sqft · 22% above area Est $98k · 22% over

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Why this score? — see what drove the D 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 +20.9/30.0
• DSCR +6.7/10.0
• 1% rule +4.7/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This adorable, bungalow style home is ready for its new owner! 3 bedroom, 1 bath home features a newer A/C unit, newer water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today! Please contact listing agent; Tara Respinto at 205-908-4878 for more information.

Key facts

• New ceilings
• New walls
• New doors

Tags

• BUNGALOW STYLE HOME
• NEWER A/C UNIT
• NEWER WATER HEATER
• NEW WALLS
• NEW DOORS
• NEW CEILINGS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $167 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (3.4% below list).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 6.2% in Birmingham — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 42 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% 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 $830 of loan paydown is wiped out by about $4k 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 177 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 177 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 1940 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.97% ✗
• Cap rate: 7.97%
• Cash-on-cash: 5.97%
• DSCR: 1.27
• GRM: 8.6

CMA / ARV

• ARV (median comp): $98,134
• List price: $120,000
• Delta: 22.28%
• 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
4201 10th Ave	0.75mi	3/1.0	1,344 (-0%)	1mo	$70,000	$52	63
5223 Loop Rd	0.54mi	3/1.0	1,392 (+3%)	15mo	$76,500	$55	57
1312 Gulfport St	0.66mi	3/1.5	1,376 (+2%)	10mo	$67,500	$49	55
401 Lexington St	0.70mi	3/1.0	1,410 (+4%)	12mo	$60,000	$43	50
1232 Frisco St	0.72mi	4/2.0 (+1)	1,332 (-1%)	7mo	$90,000	$68	49
1400 Gulfport St	0.67mi	3/1.0	1,198 (-11%)	4mo	$76,000	$63	46
605 Oregon St	0.47mi	3/2.0	1,152 (-15%)	8mo	$114,500	$99	43
405 Nevada St	0.64mi	4/1.5 (+1)	1,500 (+11%)	10mo	$55,000	$37	37
1226 Frisco St	0.72mi	4/2.0 (+1)	1,232 (-9%)	8mo	$113,700	$92	36
426 Memphis St	0.61mi	3/2.0	1,152 (-15%)	9mo	$37,000	$32	36
1322 Frisco St	0.73mi	3/2.0	1,159 (-14%)	8mo	$105,000	$91	32
1237 Frisco St	0.75mi	3/2.0	1,176 (-13%)	19mo	$65,500	$56	24

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -7.1%
• Equity multiple: 0.74×
• Total profit: $-8,824
• Equity at exit: $17,892

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $5,903
• Equity at exit: $10,375

Cash invested: $33,600 (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 35224

• Home prices YoY: -16.2%
• Active inventory: 42
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,159 high
• Mortgage (P&I): −$629
• Tax from tax record: −$69 /mo · $826/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $167

Break-even live

Break-even rent $947

Max offer price $120,000

Occupancy floor 81%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
761 Crowne Rd Birmingham, AL	3.0	2.0	1068	$1,200	$1.12	2d	1	0.49mi
528 Oregon St Birmingham, AL	3.0	1.0	1165	$1,200	$1.03	44d	1	0.54mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	44d	1	0.56mi
604 Lexington St Birmingham, AL	3.0	1.5	993	$1,200	$1.21	44d	1	0.57mi
5223 Loop Rd Birmingham, AL	3.0	1.0	1392	$1,100	$0.79	44d	1	0.58mi
4623 6th Ave Birmingham, AL	3.0	1.0	1421	$1,175	$0.83	12d	1	0.63mi
1300 Gulfport St Birmingham, AL	3.0	2.0	1778	$1,200	$0.67	44d	1	0.67mi
1312 Gulfport St Birmingham, AL	3.0	1.5	1376	$1,100	$0.80	44d	1	0.68mi
1232 Frisco St Birmingham, AL	4.0	2.0	1332	$1,295	$0.97	2d	1	0.74mi
1226 Frisco St Birmingham, AL	4.0	2.0	1232	$1,245	$1.01	12d	1	0.74mi
304 Nevada St Birmingham, AL	3.0	1.0	1160	$1,200	$1.03	44d	1	0.75mi
1221 Frisco St Birmingham, AL	2.0	1.0	934	$950	$1.02	44d	1	0.76mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	14d	1	0.78mi
229 Oregon St Birmingham, AL	3.0	1.0	1044	$1,200	$1.15	16d	1	0.78mi
538 Gulfport St Birmingham, AL	3.0	1.0	1036	$850	$0.82	44d	1	0.87mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	44d	1	1.31mi
521 41st St Fairfield, AL	4.0	2.0	1800	$1,300	$0.72	44d	1	1.34mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	44d	1	1.41mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	44d	1	1.47mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	44d	1	1.47mi

Listing history 27 events

1. 2026-06-08
   days on market $120,000 Active 177 DOM
2. 2026-06-07
   days on market $120,000 Active 176 DOM
3. 2026-06-03
   days on market $120,000 Active 172 DOM
4. 2026-06-02
   days on market $120,000 Active 171 DOM
5. 2026-06-01
   days on market $120,000 Active 170 DOM
6. 2026-05-31
   days on market $120,000 Active 169 DOM
7. 2025-12-13
   listed $120,000 Active 426-char remark

   Show marketing remark (426 chars)

   This adorable, bungalow style home is ready for its new owner! 3 bedroom, 1 bath home features a newer A/C unit, newer water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today! Please contact listing agent; Tara Respinto at 205-908-4878 for more information.

8. 2025-04-05
   historical $1,300
9. 2025-02-09
   listed $1,300
10. 2024-12-04
    soldstatus $121,000
11. 2024-11-15
    soldstatus $121,000 Sold 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

12. 2024-10-14
    historical Contingent 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

13. 2024-10-03
    price $125,000 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

14. 2024-09-27
    price $126,000 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

15. 2024-08-17
    price $128,000 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

16. 2024-07-12
    listed $129,000 Active 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

17. 2024-07-09
    historical $129,000 341-char remark

    Show marketing remark (341 chars)

    This adorable, bungalow style home is ready for its new owners! 3 bedroom, 1 bath home features a new A/C unit, new water heater, stove, refrigerator, dishwasher, new walls, doors and ceilings, plus all new electrical work. This would be perfect for an investor to add to their portfolio or 1st time home buyer! Schedule your showings today!

18. 2024-06-21
    price $132,000
19. 2018-08-20
    soldstatus $6,000 Sold
20. 2018-08-02
    historical
21. 2018-05-24
    price $9,900
22. 2018-02-22
    listed $15,000 Active
23. 2016-04-19
    soldstatus $8,400 Sold
24. 2016-04-05
    status Pending
25. 2016-03-28
    status Active
26. 2016-03-20
    historical
27. 2016-02-03
    listed $23,900 Active

ⓘ 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: $826 · $69/mo
• Projected year-2 tax: $826 · $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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 18 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: $13,905
• − Mortgage interest: −$6,722
• − Property taxes: −$826
• − Insurance: −$600
• − Repairs & maintenance: −$1,112
• − Management: −$1,112
• − Depreciation: −$3,491
• Taxable income: $41
• Est. tax owed @ 24.0%: −$10
• After-tax cash flow: $1,997/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): 5,409

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 (69%)
• Race & ethnicity: Black 69% White 22% Two or more races 5% Hispanic / Latino 3% Native American 1%
• Common ancestry: Slovak 0%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -24.47%
• Current HPI: 126.3423
• 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

+402.1% since first listed

21 events — show timeline

• 2025-12-13 Listed $120,000 Greater Alabama MLS
• 2025-04-05 Rental Removed $1,300 GALMLS
• 2025-02-09 Listed for Rent $1,300 GALMLS
• 2024-12-04 Sold (Public Records) $121,000 Public Records
• 2024-11-15 Sold (MLS) $121,000 Greater Alabama MLS
• 2024-10-14 Contingent — Greater Alabama MLS
• 2024-10-03 Price Changed $125,000 Greater Alabama MLS
• 2024-09-27 Price Changed $126,000 Greater Alabama MLS
• 2024-08-17 Price Changed $128,000 Greater Alabama MLS
• 2024-07-12 Listed $129,000 Greater Alabama MLS
• 2024-07-09 Coming Soon $129,000 Greater Alabama MLS
• 2024-06-21 Price Changed $132,000 Greater Alabama MLS
• 2018-08-20 Sold (MLS) $6,000 Greater Alabama MLS
• 2018-08-02 Delisted — Greater Alabama MLS
• 2018-05-24 Price Changed $9,900 Greater Alabama MLS
• 2018-02-22 Listed $15,000 Greater Alabama MLS
• 2016-04-19 Sold (MLS) $8,400 Greater Alabama MLS
• 2016-04-05 Pending — Greater Alabama MLS
• 2016-03-28 Relisted — Greater Alabama MLS
• 2016-03-20 Delisted — Greater Alabama MLS
• 2016-02-03 Listed $23,900 Greater Alabama MLS

Property tax history

+2.6%/yr

Latest (2025): $826 · +0.0% YoY. Source: county tax records.