10535 Taylors Ferry Rd · Birmingham, AL 35023

$149,900

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 30 Days on market

Built 1960 1.00 ac lot $134/sqft · 21% below area Est $190k · 21% under ↓ 6% since listing

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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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +4.8/10.0
• Appreciation +4.7/10.0
• Livability +3.4/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0

Listing remarks

PRE-FORECLOSURE SHORT SALE HOME SOLD AS -IS TRANSACTION! HOME NEEDS SOME TLC BUT GREAT DEAL FOR THE ONE WHO GETS IT. SEND CONTRACT TODAY!!!

Key facts

• 1 acre lot
• Built 1960
• Listed 30 days

Property features AI

Finance

• Other: Property on approximately 1 acre; Flood plain: No
• Financial info: Property has down payment assistance available
• HOA & community: No HOA information listed

Exterior

• Parking: Off-street parking
• Security: No security features listed
• Utilities: Public water; Septic system; Gas water heater; Internet service availability unknown
• Home design: Existing single-family style (per listing); Single-level living spaces listed (rooms all on level 1)
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: No deck, patio, pool, or garden listed; Not waterfront

Interior

• Kitchen: Solid surface countertops; Some stainless steel appliances
• Bedrooms: Master bedroom on main level; Three additional bedrooms on main level
• Flooring: Hardwood; Stone; Vinyl
• Bathrooms: One full bathroom with tub/shower combo (main level)
• Heating & cooling: Forced air heating; Electric cooling
• Interior features: Ceilings noted as 'Other (see remarks)'; Attic with pull-down access; No additional interior amenities listed
• Laundry & utility: No specific laundry features listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $201 ($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 $146k (2.3% below list).
• Recommended offer: $146k (2.3% below list) — sets the bar for 1% rule.
• Cap rate 8.4% 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.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Oak Grove Elementary School (math 27% / reading 47%, grade F, #267 of 627 statewide, top 45%, 570 students, 53% FRL); Oak Grove High School (math 7% / reading 29%, grade F, #187 of 305 statewide, top 62%, 744 students, 53% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents rising (+1.6%/yr); 250 active listings in the ZIP; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $137 of equity ($1k loan paydown + $-899 appreciation (-0.6% local appreciation)).
• 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 30 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,469 (2.3% below list)

Questions for the listing agent

1. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 8.44%
• Cash-on-cash: 7.66%
• DSCR: 1.34
• GRM: 8.5

CMA / ARV

• ARV (median comp): $189,558
• List price: $149,900
• Delta: -20.92%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10588 Taylors Ferry Rd	0.12mi	2/1.0 (-1)	1,122 (+0%)	22mo	$182,500	$163	71

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

Projected returns pro-forma

-0.6% appreciation · 1.6% rent growth · sell at horizon

5-year hold

• IRR: 1.2%
• Equity multiple: 1.05×
• Total profit: $2,200
• Equity at exit: $39,083

10-year hold

• IRR: 6.2%
• Equity multiple: 1.60×
• Total profit: $25,272
• Equity at exit: $43,566

Cash invested: $41,972 (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 35023

• Home prices YoY: -0.1%
• Rents YoY: 1.6%
• Active inventory: 250
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,465 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$41 /mo · $489/yr
• Insurance: −$62
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $201

Break-even live

Break-even rent $1,210

Max offer price $149,900

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-18
   days on market $149,900 Active 30 DOM
2. 2026-06-17
   days on market $149,900 Active 29 DOM
3. 2026-06-16
   days on market $149,900 Active 28 DOM
4. 2026-06-15
   days on market $149,900 Active 27 DOM
5. 2026-06-13
   days on market $149,900 Active 25 DOM
6. 2026-06-10
   days on market $149,900 Active 22 DOM
7. 2026-06-09
   days on market $149,900 Active 21 DOM
8. 2026-06-08
   days on market $149,900 Active 20 DOM
9. 2026-06-07
   days on market $149,900 Active 19 DOM
10. 2026-06-03
    days on market $149,900 Active 15 DOM
11. 2026-06-02
    days on market $149,900 Active 14 DOM
12. 2026-06-01
    days on market $149,900 Active 13 DOM
13. 2026-05-31
    days on market $149,900 Active 12 DOM
14. 2024-05-01
    soldstatus $160,000

ⓘ 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: $489 · $41/mo
• Projected year-2 tax: $615 · $51/mo
• Expected delta: +$126/yr (+$10/mo · 25.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,576
• − Mortgage interest: −$8,397
• − Property taxes: −$489
• − Insurance: −$1,547
• − Repairs & maintenance: −$1,406
• − Management: −$1,406
• − Depreciation: −$4,361
• Taxable loss: −$29
• Est. tax savings @ 24.0%: +$7
• After-tax cash flow: $2,423/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 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

• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 25,533
• Household income: $69,863
• Rent vs Own: 15.1% rent · 84.9% own
• Severe rent burden: 247.0

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 58% Black 30% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% 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: ▼ -0.60%
• Current HPI: 389.38
• Rent YoY: ▲ 1.60%
• 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

-6.3% since first listed

4 events — show timeline

• 2026-05-20 Relisted — Greater Alabama MLS
• 2026-05-17 Delisted — Greater Alabama MLS
• 2026-05-15 Listed $149,900 Greater Alabama MLS
• 2024-05-01 Sold (Public Records) $160,000 Public Records

Property tax history

-0.5%/yr

Latest (2025): $489 · -41.0% YoY. Source: county tax records.