1512 Haven Dr N · Forestdale, AL 35214

$120,000

3 bd · 2.0 ba · 864 sqft · SingleFamily public records · 167 Days on market

Built 1947 0.57 ac lot $139/sqft · 5% above area Est $136k · 12% under ↓ 14% since listing

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Why this score? — see what drove the C 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 +12.9/15.0
• DSCR +7.4/10.0
• 1% rule +5.3/10.0
• Livability +2.9/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

Key facts

• Peaceful views
• Granite countertops
• Hardwood floors

Tags

• WOOD-BURNING FIREPLACE
• HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• PEACEFUL VIEWS
• SERENE BACKYARD
• MATURE TREES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $216 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $106k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 6.5% in Forestdale — 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 58/100 on livability (#367 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, schools D-, amenities 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.
• Market conditions: Rents flat; 116 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 167 days — a 12% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $35k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $105,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 167 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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 D-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. 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: 1.03% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.71%
• DSCR: 1.34
• GRM: 8.1

CMA / ARV

• ARV (median comp): $136,412
• List price: $120,000
• Delta: -12.03%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1646 Roberta Ln	0.52mi	3/2.0	960 (+11%)	22mo	$155,000	$161	39

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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -7.0%
• Equity multiple: 0.75×
• Total profit: $-8,474
• Equity at exit: $17,892

10-year hold

• IRR: -0.3%
• Equity multiple: 0.98×
• Total profit: $-578
• Equity at exit: $10,375

Cash invested: $33,600 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,241 high
• Mortgage (P&I): −$629
• Tax from tax record: −$85 /mo · $1,018/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $216

Break-even live

Break-even rent $967

Max offer price $120,000

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1344 Pratt Hwy Birmingham, AL	3.0	2.0	936	$980	$1.05	43d	1	0.75mi
1143 Oakley Dr Birmingham, AL	3.0	1.0	1066	$1,300	$1.22	43d	1	0.98mi
1204 Pratt Hwy Birmingham, AL	3.0	1.0	1124	$1,125	$1.00	15d	1	1.01mi
115 Crabapple Ln Birmingham, AL	1.0–3.0	1.0–2.0	906	$1,027	$1.13	11d	19	1.01mi
1137 Pratt Hwy Birmingham, AL	3.0	1.0	993	$1,045	$1.05	1d	1	1.02mi
779 Heflin Ave E Birmingham, AL	3.0	1.5	1052	$1,100	$1.05	19d	1	1.06mi
1647 Cherry Ave Birmingham, AL	3.0	2.0	1079	$1,150	$1.07	11d	1	1.48mi

Listing history 19 events

1. 2026-06-18
   days on market $120,000 Active 167 DOM
2. 2026-06-17
   pricedays on market $120,000 Active 166 DOM
3. 2026-06-16
   days on market $133,000 Active 165 DOM
4. 2026-06-15
   days on market $133,000 Active 164 DOM
5. 2026-06-13
   days on market $133,000 Active 162 DOM
6. 2026-06-10
   days on market $133,000 Active 159 DOM
7. 2026-06-09
   days on market $133,000 Active 158 DOM
8. 2026-06-08
   days on market $133,000 Active 157 DOM
9. 2026-06-07
   days on market $133,000 Active 156 DOM
10. 2026-06-03
    days on market $133,000 Active 152 DOM
11. 2026-06-02
    days on market $133,000 Active 151 DOM
12. 2026-06-01
    days on market $133,000 Active 150 DOM
13. 2026-05-31
    days on market $133,000 Active 149 DOM
14. 2026-05-19
    price $133,000 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

15. 2026-05-18
    price $135,000 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

16. 2026-04-24
    price $145,000 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

17. 2026-04-23
    price $145,000 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

18. 2026-01-02
    listed $155,000 Active 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

19. 2025-12-17
    listed $155,000 Active 802-char remark

    Show marketing remark (802 chars)

    Character meets affordability in this hidden gem. This home offers potential for owners or investors alike. Tucked back into a neighborhood with room to breathe, this home sits on a lot with plenty of room to explore, & allows for privacy while still being convenient to city life. The home is ideal as a 3 bedroom property with additional space for a home office or playroom, or a 4th bedroom. Enjoy cozy nights in by the wood-burning fireplace, or entertain friends out back for an evening around the picnic table. You'll enjoy the ease of upkeep with this home in the hardwood floors, the beauty of the granite countertops. Peaceful views abound through the widows that overlook the serene backyard outlined in mature trees and green space. Come discover the hidden potential in this one today.

ⓘ 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: $1,018 · $85/mo
• Projected year-2 tax: $1,018 · $85/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,887
• − Mortgage interest: −$6,722
• − Property taxes: −$1,018
• − Insurance: −$600
• − Repairs & maintenance: −$1,191
• − Management: −$1,191
• − Depreciation: −$3,491
• Taxable income: $674
• Est. tax owed @ 24.0%: −$162
• After-tax cash flow: $2,429/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 — Forestdale

• Score: 58/100
• State rank: #367
• US rank: #21236

Category grades

Amenities F Commute F Cost of living A+ Crime B- Employment D+ Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Forestdale, AL
• County: Jefferson County · 527,445 people
• City population: 17,027
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 (77%)
• Race & ethnicity: Black 77% White 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

-14.2% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $133,000 Greater Alabama MLS
• 2026-05-18 Price Changed $135,000 WAMLS
• 2026-04-24 Price Changed $145,000 Greater Alabama MLS
• 2026-04-23 Price Changed $145,000 WAMLS
• 2026-01-02 Listed $155,000 Greater Alabama MLS
• 2025-12-17 Listed $155,000 WAMLS

Property tax history

+14.9%/yr

Latest (2025): $1,018 · +4.0% YoY. Source: county tax records.