3416 Alemeda Ave SW · Birmingham, AL 35221

$105,000

3 bd · 1.5 ba · 1,150 sqft · SingleFamily public records · 76 Days on market

Built 1973 5,662 sqft lot $91/sqft · 39% above area Est $76k · 39% 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 +22.6/30.0
• DSCR +7.2/10.0
• 1% rule +5.2/10.0
• Appreciation +4.3/10.0
• 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

Listing remarks MLS

Welcome to 3416 Alemeda Ave, where the opportunity for affordable homeownership becomes a reality. Whether you're looking to start or expand your investment portfolio, or you're a first-time homebuyer ready to take that exciting first step, this property offers incredible potential. With its accessible price point and solid foundation, this home is the perfect canvas to make your own or generate lasting value. Don’t miss your chance to secure an affordable property in today’s market. Opportunities like this don’t last long!

Key facts

• 5,662 sq ft lot
• Built 1973
• Listed 76 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $99k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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-, 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: 26 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); 72% 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 (-1.3%/yr); year-one equity from $726 of loan paydown is wiped out by about $1k 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 (-1.3% appreciation + 3.0% rent growth), your $29k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($99k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $33k; list at $105k implies a 218% 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 $98,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — 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: 1.02% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.30%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (median comp): $75,651
• List price: $105,000
• Delta: 38.80%
• 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
1569 Meadow Ln	0.26mi	3/1.5	1,192 (+4%)	2mo	$50,000	$42	81
6633 Avenue	0.33mi	3/2.0	1,107 (-4%)	2mo	$99,900	$90	74
1205 Brighton Rd	0.51mi	3/1.5	1,147 (-0%)	3mo	$93,000	$81	74
5621 Avenue Q	0.61mi	3/1.0	1,136 (-1%)	1mo	$72,000	$63	67
6144 Court M	0.39mi	3/1.0	1,066 (-7%)	2mo	$76,000	$71	66
1560 Meadow Ln	0.25mi	3/1.0	1,008 (-12%)	1mo	$87,000	$86	65
5625 Avenue Q	0.59mi	3/1.0	1,103 (-4%)	3mo	$22,000	$20	61
5800 Court Q	0.52mi	3/1.0	1,024 (-11%)	2mo	$111,000	$108	54
5528 Avenue Q	0.63mi	3/1.0	1,252 (+9%)	2mo	$52,900	$42	52
5604 Terrace O	0.62mi	4/1.0 (+1)	1,072 (-7%)	2mo	$80,000	$75	51
1101 Susan Ln	0.67mi	3/2.0	1,025 (-11%)	1mo	$164,000	$160	48
5541 Court P	0.59mi	2/1.0 (-1)	1,035 (-10%)	1mo	$35,000	$34	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.6%
• Equity multiple: 1.07×
• Total profit: $1,970
• Equity at exit: $23,754

10-year hold

• IRR: 8.5%
• Equity multiple: 1.79×
• Total profit: $23,340
• Equity at exit: $23,611

Cash invested: $29,400 (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 35221

• Home prices YoY: -1.1%
• Active inventory: 26
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,073 high
• Mortgage (P&I): −$551
• Tax from tax record: −$75 /mo · $896/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$225
• Net cashflow: $179

Break-even live

Break-even rent $847

Max offer price $105,000

Occupancy floor 78%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	2d	1	0.30mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	43d	1	0.31mi
1341 Pineview Rd Birmingham, AL	4.0	2.0	1409	$1,300	$0.92	43d	1	0.38mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	43d	1	0.39mi
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	43d	1	0.40mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	43d	1	0.41mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	43d	1	0.47mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	44d	1	0.47mi
1838 31st St SW Birmingham, AL	3.0	2.0	1400	$1,223	$0.87	15d	1	0.48mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	43d	1	0.50mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	43d	1	0.51mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	43d	1	0.52mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	23d	1	0.53mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	43d	1	0.56mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	19d	1	0.56mi
5604 Terrace O Birmingham, AL	4.0	1.0	1072	$1,325	$1.24	43d	1	0.65mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	43d	1	0.66mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	43d	1	0.67mi
3417 Park Ave SW Birmingham, AL	4.0	1.0	1402	$900	$0.64	43d	1	0.70mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	23d	1	0.70mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	2d	1	0.71mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	43d	1	0.74mi
3332 Walnut Ave SW Birmingham, AL	3.0	1.0	1339	$750	$0.56	19d	1	0.76mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	43d	1	0.77mi
2516 Powderly Ave SW Birmingham, AL	3.0	1.0	1236	$1,050	$0.85	43d	1	0.77mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	43d	1	0.79mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	23d	1	0.79mi
3400 Walnut Ave SW Birmingham, AL	3.0	1.0	1133	$1,200	$1.06	43d	1	0.82mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	19d	1	0.83mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	0.85mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	43d	1	0.85mi
2409 Garrison Ave SW Birmingham, AL	4.0	2.0	1000	$1,295	$1.29	43d	1	0.89mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	43d	1	0.90mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.92mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	43d	1	0.92mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	1d	1	0.92mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	43d	1	0.94mi
2804 32nd Way SW Birmingham, AL	3.0	1.0	840	$900	$1.07	43d	1	0.95mi
2805 32nd Way SW Birmingham, AL	3.0	1.0	792	$900	$1.14	43d	1	0.96mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	43d	1	0.96mi

Listing history 19 events

1. 2026-06-18
   days on market $105,000 Active 76 DOM
2. 2026-06-17
   days on market $105,000 Active 75 DOM
3. 2026-06-16
   days on market $105,000 Active 74 DOM
4. 2026-06-15
   days on market $105,000 Active 73 DOM
5. 2026-06-13
   days on market $105,000 Active 71 DOM
6. 2026-06-10
   days on market $105,000 Active 68 DOM
7. 2026-06-09
   days on market $105,000 Active 67 DOM
8. 2026-06-08
   days on market $105,000 Active 66 DOM
9. 2026-06-07
   days on market $105,000 Active 65 DOM
10. 2026-06-03
    days on market $105,000 Active 61 DOM
11. 2026-06-02
    days on market $105,000 Active 60 DOM
12. 2026-06-01
    days on market $105,000 Active 59 DOM
13. 2026-05-31
    days on market $105,000 Active 58 DOM
14. 2026-04-03
    listed $105,000 Active 547-char remark

    Show marketing remark (547 chars)

    Welcome to 3416 Alemeda Ave, where the opportunity for affordable homeownership becomes a reality. Whether you're looking to start or expand your investment portfolio, or you're a first-time homebuyer ready to take that exciting first step, this property offers incredible potential. With its accessible price point and solid foundation, this home is the perfect canvas to make your own or generate lasting value. Don’t miss your chance to secure an affordable property in today’s market. Opportunities like this don’t last long!

15. 2025-09-05
    historical $1,100
16. 2025-07-05
    listed $1,100
17. 2025-06-16
    historical $1,100
18. 2025-05-16
    listed $1,100
19. 1979-07-16
    soldstatus $33,000

ⓘ 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: $896 · $75/mo
• Projected year-2 tax: $896 · $75/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: $12,880
• − Mortgage interest: −$5,882
• − Property taxes: −$896
• − Insurance: −$525
• − Repairs & maintenance: −$1,030
• − Management: −$1,030
• − Depreciation: −$3,055
• Taxable income: $462
• Est. tax owed @ 24.0%: −$111
• After-tax cash flow: $2,035/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): 3,127

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 (89%)
• Race & ethnicity: Black 89% Two or more races 7% Hispanic / Latino 6% White 4%
• Hispanic origin (detail): Mexican 6%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -1.32%
• Current HPI: 121.0566
• 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

+218.2% since first listed

6 events — show timeline

• 2026-04-03 Listed $105,000 Greater Alabama MLS
• 2025-09-05 Rental Removed $1,100 Avail
• 2025-07-05 Listed for Rent $1,100 Avail
• 2025-06-16 Rental Removed $1,100 Avail
• 2025-05-16 Listed for Rent $1,100 Avail
• 1979-07-16 Sold (Public Records) $33,000 Public Records

Property tax history

+10.5%/yr

Latest (2025): $896 · +0.0% YoY. Source: county tax records.