4317 11th Ave N · Birmingham, AL 35212

$29,950

3 bd · 1.0 ba · 1,174 sqft · SingleFamily public records · 13 Days on market

Built 1923 9,583 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Check out this great opportunity for an investor to flip or add to their rental portfolio. This one has a large lot with entry from the front or rear. It also has a large front porch.

Key facts

• Large front porch
• Large lot
• 9,583 sq ft lot

Tags

• LARGE LOT
• LARGE FRONT PORCH

Property features AI

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Gas water heater; Internet service availability unknown
• Home design: Existing single-family style construction; Siding (other) exterior
• Construction: Crawl space foundation
• Exterior features: No pool, patio, decks, or garden/patio listed; Not waterfront; Lot has approximately 0.22 acres; Lot not in a flood plain; No notable lot view

Interior

• Kitchen: Laminate countertops; Gas stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood under carpet
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: 9 ft. + ceilings; Hardwood under carpet flooring; Brick wood-burning fireplace in the den; No notable built-in interior features listed
• Laundry & utility: No specific laundry equipment listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Cap rate 35.0% 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: Hayes K8 (math 0% / reading 12%, grade F, #616 of 627 statewide, top 98%, 658 students, 91% FRL); Woodlawn High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 738 students, 91% FRL).
• Market conditions: 79 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 44% 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 38% of the median local income ($37k/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 $208 of loan paydown is wiped out by about $898 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 $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1923 — 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 $29,950

Questions for the listing agent

1. Built in 1923 — 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. 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?
5. 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.
6. 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.
7. 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: 3.91% ✓
• Cap rate: 35.02%
• Cash-on-cash: 102.61%
• DSCR: 5.57
• GRM: 2.1

CMA / ARV

• ARV (on-the-fly): $92,746
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
904 46th St	0.27mi	3/1.0	1,130 (-4%)	13mo	$80,000	$71	71
1212 43rd St N	0.16mi	3/1.0	1,018 (-13%)	6mo	$12,000	$12	66
1401 46th Street Ensley	0.32mi	3/1.0	1,089 (-7%)	13mo	$48,356	$44	63
833 49th St N	0.60mi	3/2.0	1,231 (+5%)	1mo	$200,000	$162	59
912 48th St N	0.52mi	3/1.0	1,073 (-9%)	6mo	$55,000	$51	57
1320 45th St	0.34mi	3/1.0	1,341 (+14%)	6mo	$106,000	$79	56
819 45th Pl	0.36mi	3/2.0	1,279 (+9%)	11mo	$138,000	$108	55
749 45th Pl N	0.43mi	3/1.0	1,036 (-12%)	9mo	$75,000	$72	52
832 49th St N	0.57mi	3/2.0	1,322 (+13%)	2mo	$195,000	$148	47
829 49th St N	0.61mi	3/2.0	1,322 (+13%)	1mo	$205,000	$155	46
837 49th St N	0.60mi	3/2.0	1,322 (+13%)	2mo	$200,000	$151	45
750 39th St	0.67mi	3/1.0	1,344 (+14%)	2mo	$21,000	$16	43

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: —
• Equity multiple: 5.87×
• Total profit: $40,835
• Equity at exit: $4,466

10-year hold

• IRR: —
• Equity multiple: 12.26×
• Total profit: $94,438
• Equity at exit: $2,590

Cash invested: $8,386 (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 35212

• Active inventory: 79
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,170 high
• Mortgage (P&I): −$157
• Tax est. 1.5%: −$37 /mo · $449/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $717

Break-even live

Break-even rent $262

Max offer price $29,950

Occupancy floor 34%

Sensitivity live

Price	-10% $738	-5% $727	+0% $717	+5% $707	+10% $696
Rent	-10% $625	-5% $671	+0% $717	+5% $763	+10% $809
Rate	-1.0pp $732	-0.5pp $725	base $717	+0.5pp $709	+1.0pp $701

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: $7,488
• Closing costs: $898
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1217 43rd St N Birmingham, AL	2.0	1.0	750	$850	$1.13	44d	1	0.13mi
1117 42nd Pl N Birmingham, AL	3.0	1.0	1026	$900	$0.88	44d	1	0.14mi
4513 13th Ave N Birmingham, AL	2.0	2.0	778	$1,175	$1.51	24d	1	0.27mi
934 47th St N Birmingham, AL	3.0	1.0	972	$1,000	$1.03	24d	1	0.34mi
813 42nd Pl N Birmingham, AL	3.0	2.0	1424	$1,285	$0.90	44d	1	0.37mi
1101 47th St N Birmingham, AL	3.0	2.0	1296	$1,200	$0.93	24d	1	0.40mi
941 47th Pl N Birmingham, AL	3.0	1.0	879	$950	$1.08	24d	1	0.45mi
1017 Cahaba St Birmingham, AL	2.0	2.0	1035	$1,350	$1.30	4d	1	0.46mi
737 47th St N Unit B Birmingham, AL	2.0	1.0	706	$750	$1.06	24d	1	0.47mi
3920 11th Ave N Birmingham, AL	3.0	2.0	1200	$1,025	$0.85	3d	1	0.57mi
236 48th St N Birmingham, AL	3.0	2.0	1318	$1,750	$1.33	4d	1	0.58mi
1601 48th St N Birmingham, AL	3.0	1.0	1313	$1,200	$0.91	24d	1	0.60mi
821 50th St N Birmingham, AL	3.0	1.5	1416	$1,523	$1.08	2d	1	0.67mi
4108 7th Ave N Birmingham, AL	3.0	1.0	1100	$1,350	$1.23	24d	1	0.67mi
233 52nd St N Birmingham, AL	2.0	1.0	1430	$1,200	$0.84	44d	1	0.81mi
972 53rd St N Birmingham, AL	2.0	1.0	841	$900	$1.07	44d	1	0.88mi
1705 52nd St N Birmingham, AL	3.0	1.5	1214	$1,100	$0.91	44d	1	0.97mi
4345 2nd Ave S Birmingham, AL	3.0	2.0	988	$1,800	$1.82	24d	1	1.10mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	24d	1	1.19mi
1515 36th Pl N Birmingham, AL	3.0	2.0	1204	$1,273	$1.06	44d	1	1.19mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	20d	1	1.23mi
5811 2nd Ave N Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	4d	1	1.26mi
4233 3rd Ave S Birmingham, AL	2.0	1.0	750	$1,150	$1.53	44d	1	1.27mi
620 52nd St S Birmingham, AL	3.0	2.0	1346	$2,750	$2.04	24d	1	1.30mi
4243 4th Ave S Birmingham, AL	2.0	1.0	805	$1,150	$1.43	44d	1	1.31mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	44d	1	1.32mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	44d	1	1.32mi
137 59th St N Apt 6 Birmingham, AL	2.0	1.0	800	$725	$0.91	44d	1	1.32mi
137 59th St N Unit 3 Birmingham, AL	2.0	1.0	800	$725	$0.91	24d	1	1.32mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	44d	1	1.35mi
3509 Norwood Blvd Birmingham, AL	2.0	1.0	943	$1,100	$1.17	4d	1	1.36mi
4237 5th Ave S Unit 4241-F Birmingham, AL	2.0	1.0	725	$1,098	$1.51	44d	1	1.38mi
4237 5th Ave S Unit 4241-H Birmingham, AL	2.0	1.0	725	$1,115	$1.54	44d	1	1.38mi
4237 5th Ave S Unit 4237-E Birmingham, AL	2.0	1.0	725	$1,135	$1.57	4d	1	1.38mi
712 47th Way S Birmingham, AL	2.0	1.0	1042	$1,725	$1.66	20d	1	1.38mi
724 47th Way S Unit 1019289P Birmingham, AL	2.0	1.0	1044	$8,438	$8.08	44d	1	1.41mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	4d	1	1.45mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	44d	1	1.49mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	15d	1	1.49mi

Listing history 9 events

1. 2026-06-21
   days on market $29,950 Active 13 DOM
2. 2026-06-18
   days on market $29,950 Active 10 DOM
3. 2026-06-17
   days on market $29,950 Active 9 DOM
4. 2026-06-16
   days on market $29,950 Active 8 DOM
5. 2026-06-15
   days on market $29,950 Active 7 DOM
6. 2026-06-13
   days on market $29,950 Active 5 DOM
7. 2026-06-10
   days on market $29,950 Active 2 DOM
8. 2026-06-09
   remarks 183-char remark
9. 2026-06-09
   listed $29,950 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,036
• − Mortgage interest: −$1,678
• − Property taxes: −$449
• − Insurance: −$150
• − Repairs & maintenance: −$1,123
• − Management: −$1,123
• − Depreciation: −$871
• Taxable income: $8,642
• Est. tax owed @ 24.0%: −$2,074
• After-tax cash flow: $6,531/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): 10,160
• Household income: $36,633
• Rent vs Own: 55.4% rent · 44.6% own
• Severe rent burden: 798.0

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 (68%)
• Race & ethnicity: Black 68% White 24% Hispanic / Latino 6% Two or more races 3% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% 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: ▼ -190.24%
• Current HPI: 120.1264
• Rent YoY: —
• 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

1 event — show timeline

• 2026-06-08 Listed $29,950 Greater Alabama MLS