108 Remington Rd · Birmingham, AL 35215

$99,900

3 bd · 2.0 ba · 1,568 sqft · SingleFamily public records · 7 Days on market

Built 1966 0.41 ac lot $64/sqft · 43% below area Est $175k · 43% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special! 3BR/2BA home at 108 Remington Road sold strictly "As Is. " This property is a blank canvas awaiting a total makeover. All plumbing and the exterior condenser unit have been removed. The interior features hardwood floors in need of repair, missing toilets, and non-functional kitchen appliances. The rear deck has been removed, providing a fresh start for outdoor design. Located in the Birmingham City School system with easy access via Center Point Pkwy. Cash or rehab loans only. Bring your toolbox and your vision!

Key facts

• 0.41 acre lot
• Garage
• Built 1966

Property features AI

Exterior

• Parking: Side garage entry; 1 total garage space (garage shown as 1 space, basement-level garage noted); Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: 4-sided brick construction; Existing (already built); Tri-level: no; Split level: no; Split foyer: no
• Construction: 4-sided brick exterior; Basement foundation
• Exterior features: No pool; No patio, deck, or garden; Not waterfront; Basement foundation

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Hardwood; Tile; Vinyl
• Bathrooms: Two full bathrooms; Separate shower and tub/shower combo
• Heating & cooling: Forced air heating; No central air
• Interior features: Smooth ceilings; Unfinished daylight basement; Attic present; Main level living areas (living room, dining room, kitchen, keeping room, master bedroom and bath) - single level main living
• Laundry & utility: Laundry located in the basement; Utilities in garage; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $385 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 10.9% 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: Sun Valley Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 611 students, 82% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising (+3.0%/yr); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 31% of the median local income ($53k/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 $691 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

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 $99,900

Questions for the listing agent

1. Built in 1966 — 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: 1.36% ✓
• Cap rate: 10.92%
• Cash-on-cash: 16.51%
• DSCR: 1.73
• GRM: 6.1

CMA / ARV

• ARV (median comp): $174,715
• List price: $99,900
• Delta: -42.82%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Remington Rd	0.00mi	3/2.0	1,568 (0%)	0mo	$103,000	$66	100
134 Freda Jane Ln	0.22mi	3/2.0	1,561 (-0%)	3mo	$170,000	$109	87
201 Redstone Way	0.18mi	3/2.0	1,582 (+1%)	8mo	$182,000	$115	83
118 Redstone Dr	0.37mi	3/2.0	1,570 (+0%)	2mo	$112,000	$71	81
205 Redstone Way	0.17mi	4/2.0 (+1)	1,478 (-6%)	7mo	$175,000	$118	72
945 Nelson Dr	0.74mi	3/2.0	1,563 (-0%)	6mo	$170,000	$109	60
937 Hickory Dr	0.64mi	4/2.0 (+1)	1,622 (+3%)	6mo	$165,000	$102	54
321 Glynn Dr	0.73mi	3/1.5	1,401 (-11%)	1mo	$140,000	$100	45
93 Moonglow Dr	0.70mi	3/1.0	1,680 (+7%)	10mo	$127,000	$76	43
437 Wedgeworth Rd	0.75mi	2/1.5 (-1)	1,407 (-10%)	2mo	$114,900	$82	39
1125 Five Mile Rd	0.72mi	3/2.0	1,346 (-14%)	6mo	$140,000	$104	38
1152 Dogwood Ln	0.75mi	3/1.0	1,371 (-13%)	4mo	$127,000	$93	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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: 7.7%
• Equity multiple: 1.30×
• Total profit: $8,398
• Equity at exit: $14,895

10-year hold

• IRR: 17.0%
• Equity multiple: 2.40×
• Total profit: $39,182
• Equity at exit: $8,638

Cash invested: $27,972 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,361 high
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $385

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 67%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	11d	1	0.19mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	0.24mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	14d	1	0.27mi
46 Sunscape Dr Birmingham, AL	4.0	2.0	1178	$1,450	$1.23	43d	1	0.50mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	1d	1	0.55mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.58mi
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	15d	1	0.62mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	43d	1	0.75mi
769 15th Ct NW Birmingham, AL	3.0	1.5	1130	$1,310	$1.16	11d	1	0.80mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	43d	1	0.82mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	43d	1	0.83mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	11d	1	0.83mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	1d	1	0.84mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	15d	1	0.87mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.92mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	3d	1	0.93mi
621 15th Ave NW Birmingham, AL	4.0	2.0	1070	$1,200	$1.12	15d	1	0.94mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	43d	1	0.95mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	15d	1	0.96mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.96mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	43d	1	0.97mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	43d	1	1.00mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	1.00mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	43d	1	1.01mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	43d	1	1.03mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	23d	1	1.08mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	1.08mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	11d	1	1.08mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	1.08mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	43d	1	1.09mi
500 15th Ave NW Center Point, AL	3.0	1.0	1079	$1,050	$0.97	2d	1	1.12mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	2d	1	1.12mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	23d	1	1.15mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	43d	1	1.15mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	1.15mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	43d	1	1.19mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	23d	1	1.20mi
656 Valley Crest Dr Birmingham, AL	2.0	1.5	1088	$1,350	$1.24	1d	1	1.22mi
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	23d	1	1.23mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	1.31mi

Listing history 1 events

1. 2026-04-29
   listed $99,900 Active 545-char remark

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 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 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,332
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − Depreciation: −$2,906
• Taxable income: $3,219
• Est. tax owed @ 24.0%: −$773
• After-tax cash flow: $3,845/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): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+3.1% since first listed

3 events — show timeline

• 2026-06-05 Sold (MLS) $103,000 Greater Alabama MLS
• 2026-05-21 Pending — Greater Alabama MLS
• 2026-04-29 Listed $99,900 Greater Alabama MLS