416 Iota Ave S · Birmingham, AL 35205

$137,000

3 bd · 2.0 ba · 1,440 sqft · SingleFamily public records · 19 Days on market

Built 2004 7,405 sqft lot Est $150k · 9% under

---

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 +20.7/30.0
• ARV discount +11.3/15.0
• DSCR +6.6/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you are looking for an investment, this traditional 3 bedroom/2 bath could just be the one with just some TLC. This 2 story home features vinyl siding, kitchen with lots of cabinet space, living room, dining room, double vanity bath and much more. COME SEE TODAY!! REO PROPERTY-BANK OWNED. PROPERTY SOLD AS IS. Seller makes no guarantees as property is sold AS-IS. Buyer or Buyer's Agent will be responsible for activation of utilities related to inspections.

Key facts

• Access to uab
• Private bath
• Open layout

Tags

• STRUCTURAL INSULATED PANELS
• ENERGY EFFICIENT
• NEW ROOF
• OPEN LAYOUT
• PRIVATE BATH
• ACCESS TO UAB

Property features AI

Exterior

• Parking: Front garage entry; One garage space (main level); Driveway parking; On-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Spectrum internet available
• Home design: Existing structure; Siding: Vinyl; Slab foundation; Minor subdivision: COX SURVEY
• Construction: Vinyl siding construction; Slab foundation
• Exterior features: Storage building; No pool; No patio; No decks; No garden/patio; Not waterfront

Interior

• Kitchen: Electric cooktop; Electric oven; Built-in dishwasher; Refrigerator; Laminate countertops
• Bedrooms: Two bedrooms on upper level; Living area on main level
• Flooring: Vinyl
• Bathrooms: Two full bathrooms; One half bath; Garden tub, separate shower, tub/shower combo, walk-in closets in baths/bed areas
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Vinyl floors; Laminate countertops; Cooktop (electric), Built-in dishwasher, Electric oven, Refrigerator; Attic; Tri-level: No; Split level: No; Split foyer: No; Loft: No
• Laundry & utility: Upper-level laundry in closet; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $137k.

Deal economics

• At list price, monthly cash flow is $185 ($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 $134k (2.4% below list).
• Recommended offer: $134k (2.4% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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-, 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: Washington K8 (math 5% / reading 18%, grade F, #556 of 627 statewide, top 89%, 567 students, 92% FRL); Parker High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 826 students, 90% FRL).
• Market conditions: Rents rising (+2.6%/yr); 124 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); 45% 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).
• This rent runs 31% of the median local income ($51k/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 $947 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 19 days — a 2% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 2 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 $82k; list at $137k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $133,684 (2.4% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 0.98% ✗
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $149,760
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
457 Iota Ave S	0.11mi	3/2.0	1,537 (+7%)	15mo	$160,000	$104	71
50 1st Ave S	0.40mi	4/2.0 (+1)	1,400 (-3%)	4mo	$22,000	$16	68
345 Iota Ave S	0.06mi	2/1.0 (-1)	1,279 (-11%)	4mo	$20,000	$16	66
608 9th Ct S	0.66mi	3/2.0	1,496 (+4%)	6mo	$268,000	$179	58
31 4th Ave	0.46mi	3/1.0	1,540 (+7%)	10mo	$80,000	$52	55
9 6th Ave	0.62mi	3/2.0	1,326 (-8%)	12mo	$120,000	$90	48
529 10th Ave S	0.72mi	3/2.0	1,544 (+7%)	8mo	$319,000	$207	48
1724 1st Pl S	0.69mi	3/1.0	1,250 (-13%)	1mo	$85,000	$68	41
1724 Center St S	0.75mi	3/2.0	1,250 (-13%)	4mo	$175,493	$140	40
600 9th Ct S	0.65mi	4/2.0 (+1)	1,328 (-8%)	14mo	$204,500	$154	40
530 10th Ave S	0.69mi	3/2.0	1,598 (+11%)	13mo	$386,000	$242	39
29 16th Ave S	0.61mi	3/1.5	1,652 (+15%)	9mo	$45,000	$27	37

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.71×
• Total profit: $-11,005
• Equity at exit: $20,427

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $3,232
• Equity at exit: $11,845

Cash invested: $38,360 (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 35205

• Rents YoY: 2.6%
• Active inventory: 124
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,337 high
• Mortgage (P&I): −$718
• Tax from tax record: −$96 /mo · $1,149/yr
• Insurance: −$57
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $185

Break-even live

Break-even rent $1,103

Max offer price $137,000

Occupancy floor 81%

Sensitivity live

Price	-10% $262	-5% $224	+0% $185	+5% $146	+10% $107
Rent	-10% $79	-5% $132	+0% $185	+5% $238	+10% $290
Rate	-1.0pp $254	-0.5pp $220	base $185	+0.5pp $149	+1.0pp $113

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: $34,250
• Closing costs: $4,110
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
310 Gamma St S Birmingham, AL	3.0	1.5	1001	$1,200	$1.20	17d	1	0.14mi
506 Alpha St S Birmingham, AL	3.0	1.0	944	$1,373	$1.45	45d	1	0.24mi
112 Kappa Ave S Birmingham, AL	3.0	2.0	1034	$1,100	$1.06	45d	1	0.25mi
451 2nd Ave N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	25d	1	0.38mi
806 Gamma St S Birmingham, AL	3.0	1.0	1252	$1,200	$0.96	45d	1	0.54mi
12 4th Ave SW Unit 1 Birmingham, AL	3.0	1.0	1336	$1,100	$0.82	45d	1	0.55mi
451 2nd St N Birmingham, AL	4.0	3.0	1400	$1,600	$1.14	45d	1	0.80mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	17d	1	0.81mi
1101 10th Pl S Birmingham, AL	1.0–2.0	1.0–2.0	986	$1,825	$1.85	5d	11	0.89mi
413 Fulton Ave SW Birmingham, AL	3.0	1.0	940	$525	$0.56	4d	1	0.98mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	45d	1	1.00mi
1508 4th Ave S Birmingham, AL	2.0	2.0	1142	$2,222	$1.95	5d	3	1.09mi
608 Fulton Ave SW Birmingham, AL	3.0	1.0	1271	$1,300	$1.02	45d	1	1.11mi
1131 16th Ave S Unit A Birmingham, AL	2.0	1.0	900	$1,215	$1.35	4d	1	1.16mi
644 Alabama Ave SW Birmingham, AL	3.0	1.0	1274	$1,125	$0.88	25d	1	1.21mi
719 Washington Ave SW Birmingham, AL	3.0	1.0	1064	$950	$0.89	13d	1	1.23mi
1701 1st Ave S Birmingham, AL	1.0–2.0	1.0–2.0	889	$2,506	$2.82	4d	21	1.28mi
1425 13th St S Unit A Birmingham, AL	2.0	1.0	1368	$1,450	$1.06	45d	1	1.30mi
624 4th Ct W Birmingham, AL	3.0	1.5	992	$1,250	$1.26	45d	1	1.32mi
1417 13th Pl S Birmingham, AL	2.0	2.0	1245	$1,950	$1.57	23d	1	1.32mi
1332 14th Ave S Birmingham, AL	2.0	1.5	892	$1,075	$1.21	25d	2	1.33mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	45d	1	1.35mi
1414 13th Ave S Birmingham, AL	2.0	2.0	1039	$1,772	$1.71	20d	2	1.37mi
1414 13th Ave S Unit 1418 Birmingham, AL	2.0	2.0	1039	$1,700	$1.64	45d	1	1.37mi
1414 13th Ave S Unit 1414 Birmingham, AL	2.0	2.0	1039	$1,694	$1.63	45d	1	1.37mi
1228 15th St S Birmingham, AL	3.0–4.0	3.0–4.0	1690	$2,689	$1.59	3d	3	1.37mi
1409 14th St S Birmingham, AL	2.0	1.0	940	$1,257	$1.34	16d	1	1.39mi
724 4th Ct W Birmingham, AL	3.0	1.0	1300	$930	$0.72	45d	1	1.40mi
120 19th St N Birmingham, AL	1.0–2.0	1.0–2.0	886	$2,190	$2.47	3d	14	1.42mi
2217-2249 Green Springs Hwy Unit 2249-E Birmingham, AL	2.0	1.0	900	$910	$1.01	45d	1	1.43mi
2217-2249 Green Springs Hwy Unit 2241-M Birmingham, AL	3.0	2.0	1100	$1,109	$1.01	23d	1	1.43mi
617 7th St W Birmingham, AL	3.0	1.5	1120	$1,175	$1.05	45d	1	1.43mi
410 8th Ter W Birmingham, AL	3.0	1.0	1440	$1,200	$0.83	17d	1	1.44mi
120 19th St N Unit 312 Birmingham, AL	2.0	2.0	952	$3,495	$3.67	45d	1	1.44mi
1404 17th Ave S Unit 2 Birmingham, AL	2.0	1.0	900	$1,160	$1.29	45d	1	1.48mi
1327 16th St S Apt 4 Birmingham, AL	2.0	1.0	921	$1,110	$1.21	25d	1	1.49mi
963 3rd St W Birmingham, AL	3.0	2.0	1444	$1,295	$0.90	25d	1	1.49mi
854 5th St W Birmingham, AL	3.0	1.0	1501	$1,275	$0.85	45d	1	1.49mi
1327 16th St S Unit 3 Birmingham, AL	2.0	1.0	921	$1,143	$1.24	5d	1	1.49mi
1600 14th Ave S Unit 8 Birmingham, AL	2.0	1.0	900	$1,106	$1.23	23d	1	1.50mi

Listing history 12 events

1. 2026-06-21
   days on market $137,000 Active 19 DOM
2. 2026-06-18
   days on market $137,000 Active 16 DOM
3. 2026-06-17
   days on market $137,000 Active 15 DOM
4. 2026-06-16
   days on market $137,000 Active 14 DOM
5. 2026-06-15
   days on market $137,000 Active 13 DOM
6. 2026-06-13
   days on market $137,000 Active 11 DOM
7. 2026-06-10
   days on market $137,000 Active 8 DOM
8. 2026-06-09
   days on market $137,000 Active 7 DOM
9. 2026-06-08
   days on market $137,000 Active 6 DOM
10. 2026-06-07
    days on market $137,000 Active 5 DOM
11. 2026-06-02
    remarks 687-char remark
12. 2026-06-02
    listed $137,000 Active 1 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: $1,149 · $96/mo
• Projected year-2 tax: $1,149 · $96/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 ≥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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,042
• − Mortgage interest: −$7,674
• − Property taxes: −$1,149
• − Insurance: −$685
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$3,985
• Taxable loss: −$18
• Est. tax savings @ 24.0%: +$4
• After-tax cash flow: $2,222/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): 18,858
• Household income: $51,158
• Rent vs Own: 67.2% rent · 32.8% own
• Severe rent burden: 1468.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 26% Hispanic / Latino 5% Asian 5% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Italian 2% Serbian 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 4% Other Indo-European 2% Chinese 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: ▼ -199.42%
• Current HPI: 291.38
• Rent YoY: ▲ 2.59%
• 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

+312.7% since first listed

5 events — show timeline

• 2026-06-02 Listed $137,000 Greater Alabama MLS
• 2025-12-03 Price Changed $159,999 Greater Alabama MLS
• 2020-06-16 Sold (Public Records) $82,500 Public Records
• 2014-07-09 Sold (MLS) $33,739 Greater Alabama MLS
• 2013-09-04 Listed $33,200 Greater Alabama MLS

Property tax history

+2.9%/yr

Latest (2025): $1,149 · +7.5% YoY. Source: county tax records.