2212 35th Ave N · Birmingham, AL 35207

$75,000

3 bd · 1.0 ba · 1,117 sqft · SingleFamily public records · 37 Days on market

Built 1924 6,970 sqft lot Est $87k · 14% under

---

Why this score? — see what drove the A- 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 +13.8/15.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks

New roof, new exterior and interior paint, new floors and appliances and bathroom has been partially renovated. This home also includes a shed, a basketball goal, two carports and a fenced in yard. Located minutes from the new amphitheater in North Birmingham. Seller also has 1113 Pike Rd Birmingham, AL for sale as well.

Key facts

• New floors
• New exterior paint
• New appliances

Tags

• NEW ROOF
• NEW EXTERIOR PAINT
• NEW INTERIOR PAINT
• NEW FLOORS
• NEW APPLIANCES
• PARTIALLY RENOVATED BATHROOM

Property features AI

Exterior

• Parking: 2-car garage; Attached carport; Detached carport; Driveway; Concrete parking surfaces
• Utilities: Public water; Sewer connected; Cable available
• Home design: Single-family residence; One level
• Construction: Wood siding; Composition/shingle roof; Crawl space foundation; Built with traditional wood-frame construction
• Exterior features: Covered patio/porch; Deck; Porch; Chain link fencing; Shed(s)

Interior

• Kitchen: Refrigerator
• Bathrooms: One full bathroom
• Heating & cooling: Wall furnace heating; Wall/window cooling units (multiple)
• Interior features: Refrigerator included; Water heater included; No fireplace
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $349 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.9% 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-, 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: 42 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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

• In year one you build about $8k of equity ($519 loan paydown + $8k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $12k; list at $75k implies a 512% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.34% ✓
• Cap rate: 11.88%
• Cash-on-cash: 19.96%
• DSCR: 1.89
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $87,126
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2312 32nd Ave	0.23mi	3/2.0	1,102 (-1%)	12mo	$159,000	$144	73
1925 33rd Ave N	0.29mi	3/1.0	1,156 (+4%)	17mo	$32,000	$28	66
2115 32nd Ave N	0.27mi	3/2.0	1,144 (+2%)	17mo	$99,000	$87	65
2129 N 30th Ave	0.40mi	3/1.5	1,042 (-7%)	9mo	$45,000	$43	61
2808 38th Ave N	0.57mi	3/2.0	1,176 (+5%)	11mo	$20,000	$17	52
1930 34th Ave N	0.24mi	3/1.0	1,258 (+13%)	22mo	$140,000	$111	50
3731 1st Pl W	0.75mi	3/1.0	1,215 (+9%)	3mo	$94,900	$78	48
2700 24th St	0.58mi	3/1.0	1,056 (-6%)	20mo	$82,500	$78	48
4005 N 28th Pl	0.73mi	2/2.0 (-1)	1,227 (+10%)	24mo	$72,000	$59	21

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 39.1%
• Equity multiple: 4.00×
• Total profit: $63,063
• Equity at exit: $67,566

10-year hold

• IRR: 33.7%
• Equity multiple: 9.01×
• Total profit: $168,160
• Equity at exit: $145,709

Cash invested: $21,000 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,008 high
• Mortgage (P&I): −$393
• Tax from tax record: −$22 /mo · $268/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$212
• Net cashflow: $349

Break-even live

Break-even rent $566

Max offer price $75,000

Occupancy floor 60%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 36th Ave N Birmingham, AL	3.0	1.0	1468	$1,190	$0.81	23d	1	0.20mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	44d	1	0.36mi
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$875	$0.74	44d	1	0.43mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	44d	1	0.43mi
1625 29th Ave N Birmingham, AL	3.0	2.0	1140	$1,200	$1.05	16d	1	0.67mi
3732 4th St W Birmingham, AL	4.0	1.0	1185	$900	$0.76	44d	1	0.94mi
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	44d	1	0.97mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	23d	1	1.03mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	44d	1	1.07mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	2d	1	1.14mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	3d	1	1.14mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	10d	1	1.14mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.14mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	44d	1	1.15mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	23d	1	1.16mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	44d	2	1.22mi
2608 20th Ave N Unit 5 Birmingham, AL	2.0	1.0	750	$875	$1.17	44d	1	1.22mi
2608 20th Ave N Birmingham, AL	2.0	1.0	750	$895	$1.19	44d	1	1.22mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	44d	1	1.22mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	44d	1	1.23mi
2400 19th Ave N Unit B Birmingham, AL	2.0	1.0	750	$850	$1.13	21d	1	1.27mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	1.29mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	1.29mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.29mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.29mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.29mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	44d	1	1.30mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.30mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.30mi
1911 19th Ct N Apt 1 Birmingham, AL	2.0	1.0	750	$845	$1.13	12d	1	1.33mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.33mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.34mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	16d	1	1.44mi
1576 20th St N Apt D Birmingham, AL	2.0	1.0	900	$725	$0.81	44d	1	1.49mi
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	3d	1	1.50mi

Listing history 10 events

1. 2026-06-15
   status $75,000 Pending 37 DOM
2. 2026-06-15
   days on market $75,000 Active 37 DOM
3. 2026-06-13
   days on market $75,000 Active 35 DOM
4. 2026-06-10
   days on market $75,000 Active 32 DOM
5. 2026-06-09
   days on market $75,000 Active 31 DOM
6. 2026-06-08
   days on market $75,000 Active 30 DOM
7. 2026-06-07
   statusdays on market $75,000 Active 29 DOM
8. 2026-05-01
   status Pending
9. 2026-04-06
   listed $75,000 Active
10. 1987-12-01
    soldstatus $12,250

ⓘ 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: $268 · $22/mo
• Projected year-2 tax: $308 · $26/mo
• Expected delta: +$40/yr (+$3/mo · 14.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,093
• − Mortgage interest: −$4,201
• − Property taxes: −$268
• − Insurance: −$375
• − Repairs & maintenance: −$967
• − Management: −$967
• − Depreciation: −$2,182
• Taxable income: $3,133
• Est. tax owed @ 24.0%: −$752
• After-tax cash flow: $3,439/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): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▲ 35.95%
• Current HPI: 228.5664
• 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

+512.2% since first listed

3 events — show timeline

• 2026-05-01 Pending — WAMLS
• 2026-04-06 Listed $75,000 WAMLS
• 1987-12-01 Sold (Public Records) $12,250 Public Records

Property tax history

+5.1%/yr

Latest (2025): $268 · -2.1% YoY. Source: county tax records.