1708 Steiner Ave SW · Birmingham, AL 35211

$22,000

3 bd · 1.0 ba · 1,461 sqft · SingleFamily public records · 785 Days on market

Built 1925 8,712 sqft lot

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

Key facts

• 8,712 sq ft lot
• Built 1925
• Listed 785 days

🏷️ Possibly a rental listed for sale. The $22,000 price doesn't fit this home's estimated sale value (~$58,440) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $22k.

Deal economics

• At list price, monthly cash flow is $828 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $22k).
• Recommended offer: $19k (12.0% below list) — sets the bar for market timing.
• Cap rate 51.4% 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.
• 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: Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 152 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 44% of the median local income ($35k/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 $152 of loan paydown is wiped out by about $660 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 + 0.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 785 days — a 12% lower offer ($19k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y ago; this cycle's ask has dropped $117k (84%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $19,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 785 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 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 5.85% ✓
• Cap rate: 51.43%
• Cash-on-cash: 161.21%
• DSCR: 8.17
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $58,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1700 Lee Ave SW	0.15mi	3/2.0	1,586 (+9%)	0mo	$177,000	$112	75
724 18th Pl SW	0.27mi	4/2.0 (+1)	1,508 (+3%)	4mo	$48,900	$32	69
915 19th Pl SW	0.50mi	4/1.0 (+1)	1,434 (-2%)	2mo	$20,000	$14	67
1241 15th St SW	0.69mi	3/2.0	1,443 (-1%)	1mo	$102,000	$71	61
1440 16th Way SW	0.59mi	4/1.0 (+1)	1,519 (+4%)	2mo	$42,500	$28	59
1317 SW 16th St SW	0.65mi	3/2.0	1,420 (-3%)	6mo	$133,000	$94	56
1437 Woodland Ave SW	0.69mi	3/1.0	1,369 (-6%)	5mo	$53,000	$39	53
1236 18th St SW	0.58mi	3/2.0	1,328 (-9%)	3mo	$107,250	$81	52
1245 16th St SW	0.57mi	3/2.0	1,336 (-9%)	5mo	$145,000	$109	51
1625 SW Alabama Ave	0.48mi	2/2.0 (-1)	1,290 (-12%)	2mo	$19,900	$15	47
201 21st St SW	0.58mi	3/2.0	1,258 (-14%)	8mo	$30,000	$24	39
1216 18th Way SW	0.63mi	2/3.0 (-1)	1,654 (+13%)	2mo	$65,500	$40	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.37×
• Total profit: $45,411
• Equity at exit: $3,280

10-year hold

• IRR: —
• Equity multiple: 16.10×
• Total profit: $93,006
• Equity at exit: $1,902

Cash invested: $6,160 (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 35211

• Rents YoY: -0.0%
• Active inventory: 152
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,287 high
• Mortgage (P&I): −$115
• Tax from tax record: −$65 /mo · $776/yr
• Insurance: −$9
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $828

Break-even live

Break-even rent $239

Max offer price $22,000

Occupancy floor 31%

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: $5,500
• Closing costs: $660
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1000 17th Pl SW Birmingham, AL	3.0	2.0	1200	$1,275	$1.06	19d	1	0.16mi
1734 Lee Ave SW Birmingham, AL	4.0	1.0	1142	$1,150	$1.01	19d	1	0.18mi
1728 Princeton Ave SW Birmingham, AL	4.0	2.0	1334	$1,300	$0.97	44d	1	0.25mi
1609 Jefferson Ave SW Birmingham, AL	4.0	1.0	1572	$1,300	$0.83	3d	1	0.27mi
1620 Alemeda Ave SW Birmingham, AL	3.0	2.0	1314	$1,295	$0.99	2d	1	0.30mi
1816 Saint Charles Ave SW Birmingham, AL	3.0	1.0	1395	$1,295	$0.93	24d	1	0.37mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	44d	1	0.40mi
504 Francis Pl SW Birmingham, AL	3.0	2.0	1816	$1,223	$0.67	24d	1	0.41mi
1204 15th Way SW Birmingham, AL	4.0	3.0	1715	$1,400	$0.82	44d	1	0.48mi
1501 Princeton Ave SW Birmingham, AL	3.0	2.0	1260	$1,350	$1.07	44d	1	0.52mi
1136 15th St SW Birmingham, AL	4.0	2.0	1296	$1,395	$1.08	24d	1	0.54mi
1645 Woodland Ave SW Birmingham, AL	4.0	2.0	1298	$1,300	$1.00	19d	1	0.55mi
1800 Woodland Ave SW Birmingham, AL	4.0	1.0	1411	$1,195	$0.85	2d	1	0.55mi
1900 Saint Charles Ave SW Birmingham, AL	4.0	2.0	1623	$1,350	$0.83	2d	1	0.55mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	44d	1	0.56mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	44d	1	0.59mi
2026 Lee Ct SW Birmingham, AL	3.0	1.0	1204	$1,100	$0.91	44d	1	0.61mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	16d	1	0.64mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	24d	1	0.65mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	24d	1	0.66mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	3d	1	0.68mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	3d	1	0.68mi
1319 18th Way SW Birmingham, AL	4.0	2.0	1337	$1,345	$1.01	24d	1	0.70mi
1437 Woodland Ave SW Birmingham, AL	3.0	1.0	1369	$1,100	$0.80	3d	1	0.71mi
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	3d	1	0.71mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	44d	1	0.73mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	44d	1	0.75mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	3d	1	0.79mi
1508 Dennison Ave SW Birmingham, AL	2.0	1.0	924	$890	$0.96	44d	1	0.82mi
312 25th St SW Birmingham, AL	4.0	1.0	1159	$1,000	$0.86	24d	1	0.82mi
2320 Wesley Ave SW Birmingham, AL	4.0	1.0	1865	$1,200	$0.64	10d	1	0.83mi
2304 Beulah Ave SW Birmingham, AL	3.0	1.0	1283	$1,025	$0.80	2d	1	0.83mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	44d	1	0.84mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	44d	1	0.85mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	44d	1	0.86mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	12d	1	0.88mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	21d	1	0.88mi
1213 Alabama Ave SW Birmingham, AL	4.0	2.0	1616	$1,200	$0.74	44d	1	0.90mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	44d	1	0.90mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	44d	1	0.94mi

Listing history 24 events

1. 2023-12-19
   soldstatus $110,000
2. 2023-11-29
   soldstatus $110,000 Sold 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

3. 2023-11-16
   status Pending 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

4. 2023-11-11
   price $129,000 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

5. 2023-10-27
   status Active 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

6. 2023-09-30
   status Pending 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

7. 2023-09-07
   listed $139,000 Active 511-char remark

   Show marketing remark (511 chars)

   PRIDE OF WEST END! This property has been completely rehabbed. New roof, electrical, plumbing, hardwood and ceramic tile flooring, laundry room, pantry, linen closet, new paint (interior & exterior), large, fenced backyard with privacy fence, new HVAC, new light fixtures, new toilet fixtures, large front porch, security lights and system. This house is as close as you can get to a new construction. Possible seller financing with substantial down payment. Currently occupied with tenant paying $1500/mo.

8. 2022-02-24
   status Pending
9. 2021-05-25
   historical
10. 2021-05-04
    status Active
11. 2021-03-26
    historical
12. 2021-02-08
    status Pending
13. 2021-01-04
    status Active
14. 2020-12-30
    historical Contingent
15. 2020-11-02
    status Active
16. 2020-10-22
    historical Contingent
17. 2020-10-01
    status Active
18. 2020-09-24
    historical
19. 2020-01-08
    historical Contingent
20. 2019-10-08
    listed $22,000 Active
21. 2015-07-31
    soldstatus $13,000 170-char remark

    Show marketing remark (170 chars)

    WHAT AN OPPORTUNITY. FANTASTIC INVESTOR PROPERTY!. So much to see and do here. Convenient to local shopping, schools and major interstates. Right of redemption may apply.

22. 2015-06-25
    historical 170-char remark

    Show marketing remark (170 chars)

    WHAT AN OPPORTUNITY. FANTASTIC INVESTOR PROPERTY!. So much to see and do here. Convenient to local shopping, schools and major interstates. Right of redemption may apply.

23. 2015-05-15
    listed $12,500 170-char remark

    Show marketing remark (170 chars)

    WHAT AN OPPORTUNITY. FANTASTIC INVESTOR PROPERTY!. So much to see and do here. Convenient to local shopping, schools and major interstates. Right of redemption may apply.

24. 1980-11-04
    soldstatus $20,000

ⓘ 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: $776 · $65/mo
• Projected year-2 tax: $776 · $65/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: $15,444
• − Mortgage interest: −$1,232
• − Property taxes: −$776
• − Insurance: −$110
• − Repairs & maintenance: −$1,235
• − Management: −$1,235
• − Depreciation: −$640
• Taxable income: $10,215
• Est. tax owed @ 24.0%: −$2,451
• After-tax cash flow: $7,479/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+450.0% since first listed

24 events — show timeline

• 2023-12-19 Sold (Public Records) $110,000 Public Records
• 2023-11-29 Sold (MLS) $110,000 Greater Alabama MLS
• 2023-11-16 Pending — Greater Alabama MLS
• 2023-11-11 Price Changed $129,000 Greater Alabama MLS
• 2023-10-27 Relisted — Greater Alabama MLS
• 2023-09-30 Pending — Greater Alabama MLS
• 2023-09-07 Listed $139,000 Greater Alabama MLS
• 2022-02-24 Pending — Greater Alabama MLS
• 2021-05-25 Delisted — Greater Alabama MLS
• 2021-05-04 Relisted — Greater Alabama MLS
• 2021-03-26 Delisted — Greater Alabama MLS
• 2021-02-08 Pending — Greater Alabama MLS
• 2021-01-04 Relisted — Greater Alabama MLS
• 2020-12-30 Contingent — Greater Alabama MLS
• 2020-11-02 Relisted — Greater Alabama MLS
• 2020-10-22 Contingent — Greater Alabama MLS
• 2020-10-01 Relisted — Greater Alabama MLS
• 2020-09-24 Delisted — Greater Alabama MLS
• 2020-01-08 Contingent — Greater Alabama MLS
• 2019-10-08 Listed $22,000 Greater Alabama MLS
• 2015-07-31 Sold (MLS) $13,000 Greater Alabama MLS
• 2015-06-25 Delisted — Greater Alabama MLS
• 2015-05-15 Listed $12,500 Greater Alabama MLS
• 1980-11-04 Sold (Public Records) $20,000 Public Records

Property tax history

+4.3%/yr

Latest (2025): $776 · +7.0% YoY. Source: county tax records.