1532 Bay Ave SW · Birmingham, AL 35211

$145,000

3 bd · 1.0 ba · 1,356 sqft · SingleFamily public records · 64 Days on market

Built 1930 6,534 sqft lot $107/sqft · 93% above area

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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 +17.2/30.0
• ARV discount +7.5/15.0
• DSCR +5.4/10.0
• 1% rule +3.7/10.0
• 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

Beautiful brick home featuring four spacious bedrooms and two full bathrooms. Enjoy ample parking, a lush green backyard, fresh interior paint (2025), a remodeled kitchen (2025), a new water heater (2025), and attractive LVP flooring throughout. Located on a quiet street in West Birmingham with convenient access to the interstate and downtown. A wonderful home for any buyer.

Key facts

• Quiet street
• Remodeled kitchen
• New water heater

Tags

• BRICK HOME
• LUSH GREEN BACKYARD
• REMODELED KITCHEN
• NEW WATER HEATER
• LVP FLOORING
• QUIET STREET

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $103 ($1k/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 $126k (12.8% below list).
• Recommended offer: $126k (12.8% below list) — sets the bar for 1% rule.

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: Rents soft (-0.0%/yr); 154 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $1k 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 64 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 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 $108k; 34% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $126,478 (12.8% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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: 0.87% ✗
• Cap rate: 7.14%
• Cash-on-cash: 3.04%
• DSCR: 1.14
• GRM: 9.6

CMA / ARV

• ARV (median comp): $77,697
• List price: $145,000
• Delta: 86.62%
• 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
1245 16th St SW	0.21mi	3/2.0	1,336 (-2%)	5mo	$145,000	$109	80
1317 SW 16th St SW	0.12mi	3/2.0	1,420 (+5%)	6mo	$133,000	$94	78
1241 15th St SW	0.28mi	3/2.0	1,443 (+6%)	1mo	$102,000	$71	71
1547 Bay Ave SW	0.07mi	2/2.0 (-1)	1,467 (+8%)	13mo	$43,000	$29	63
1376 SW 15th St	0.16mi	3/2.0	1,468 (+8%)	18mo	$120,000	$82	60
1609 SW Jefferson Ave	0.50mi	3/1.0	1,302 (-4%)	13mo	$61,000	$47	59
1545 16th Way SW	0.51mi	3/1.0	1,320 (-3%)	20mo	$69,500	$53	55
1201 SW 15th St	0.35mi	3/2.5	1,472 (+9%)	10mo	$162,000	$110	55
1725 3rd Pl SW	0.73mi	4/2.0 (+1)	1,365 (+1%)	2mo	$215,000	$158	54
1440 16th Way SW	0.41mi	4/1.0 (+1)	1,519 (+12%)	2mo	$42,500	$28	54
1705 Steiner Ave SW	0.74mi	3/1.0	1,407 (+4%)	13mo	$60,000	$43	48
1629 Steiner Ave SW	0.71mi	2/1.0 (-1)	1,476 (+9%)	8mo	$72,000	$49	41

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: -14.6%
• Equity multiple: 0.49×
• Total profit: $-20,699
• Equity at exit: $21,620

10-year hold

• IRR: -11.3%
• Equity multiple: 0.41×
• Total profit: $-24,101
• Equity at exit: $12,537

Cash invested: $40,600 (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 35211

• Rents YoY: -0.0%
• Active inventory: 154
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,265 high
• Mortgage (P&I): −$760
• Tax from tax record: −$76 /mo · $906/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$266
• Net cashflow: $103

Break-even live

Break-even rent $1,135

Max offer price $145,000

Occupancy floor 87%

Sensitivity live

Price	-10% $185	-5% $144	+0% $103	+5% $62	+10% $21
Rent	-10% $3	-5% $53	+0% $103	+5% $153	+10% $203
Rate	-1.0pp $176	-0.5pp $140	base $103	+0.5pp $65	+1.0pp $27

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	4d	1	0.13mi
1508 Dennison Ave SW Birmingham, AL	2.0	1.0	924	$890	$0.96	45d	1	0.14mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	45d	1	0.23mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	4d	1	0.24mi
1204 15th Way SW Birmingham, AL	4.0	3.0	1715	$1,400	$0.82	45d	1	0.29mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	45d	1	0.34mi
1136 15th St SW Birmingham, AL	4.0	2.0	1296	$1,395	$1.08	25d	1	0.40mi
1620 Alemeda Ave SW Birmingham, AL	3.0	2.0	1314	$1,295	$0.99	3d	1	0.43mi
1609 Jefferson Ave SW Birmingham, AL	4.0	1.0	1572	$1,300	$0.83	4d	1	0.49mi
1000 17th Pl SW Birmingham, AL	3.0	2.0	1200	$1,275	$1.06	20d	1	0.63mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	13d	1	0.88mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	23d	1	0.88mi
1501 Princeton Ave SW Birmingham, AL	3.0	2.0	1260	$1,350	$1.07	46d	1	0.90mi
1734 Lee Ave SW Birmingham, AL	4.0	1.0	1142	$1,150	$1.01	20d	1	0.91mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	0.92mi
1728 Princeton Ave SW Birmingham, AL	4.0	2.0	1334	$1,300	$0.97	45d	1	0.96mi
1319 18th Way SW Birmingham, AL	4.0	2.0	1337	$1,345	$1.01	25d	1	0.97mi
218 Olympia Dr Homewood, AL	1.0–3.0	1.0–2.5	958	$1,659	$1.73	3d	33	0.99mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	45d	1	0.99mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	45d	1	1.02mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	45d	1	1.04mi
504 Francis Pl SW Birmingham, AL	3.0	2.0	1816	$1,223	$0.67	25d	1	1.08mi
1816 Saint Charles Ave SW Birmingham, AL	3.0	1.0	1395	$1,295	$0.93	25d	1	1.08mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	1.08mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	45d	1	1.09mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	46d	1	1.11mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	4d	1	1.12mi
856 Center Way SW Birmingham, AL	3.0	2.0	1142	$1,200	$1.05	45d	1	1.15mi
1645 Woodland Ave SW Birmingham, AL	4.0	2.0	1298	$1,300	$1.00	20d	1	1.15mi
1437 Woodland Ave SW Birmingham, AL	3.0	1.0	1369	$1,100	$0.80	4d	1	1.17mi
1213 Alabama Ave SW Birmingham, AL	4.0	2.0	1616	$1,200	$0.74	45d	1	1.17mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	45d	1	1.20mi
1800 Woodland Ave SW Birmingham, AL	4.0	1.0	1411	$1,195	$0.85	3d	1	1.21mi
108 E Ann Dr SW Birmingham, AL	4.0	2.0	1628	$1,495	$0.92	25d	1	1.22mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	1.23mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	45d	1	1.25mi
1900 Saint Charles Ave SW Birmingham, AL	4.0	2.0	1623	$1,350	$0.83	3d	1	1.27mi
2304 Beulah Ave SW Birmingham, AL	3.0	1.0	1283	$1,025	$0.80	3d	1	1.28mi
741 Center Pl SW Birmingham, AL	3.0	1.0	1101	$1,250	$1.14	17d	1	1.28mi
2026 Lee Ct SW Birmingham, AL	3.0	1.0	1204	$1,100	$0.91	45d	1	1.29mi

Listing history 27 events

1. 2026-06-18
   days on market $145,000 Active 64 DOM
2. 2026-06-17
   days on market $145,000 Active 63 DOM
3. 2026-06-16
   days on market $145,000 Active 62 DOM
4. 2026-06-15
   days on market $145,000 Active 61 DOM
5. 2026-06-13
   days on market $145,000 Active 59 DOM
6. 2026-06-10
   days on market $145,000 Active 56 DOM
7. 2026-06-09
   days on market $145,000 Active 55 DOM
8. 2026-06-08
   days on market $145,000 Active 54 DOM
9. 2026-06-07
   days on market $145,000 Active 53 DOM
10. 2026-06-03
    days on market $145,000 Active 49 DOM
11. 2026-06-02
    days on market $145,000 Active 48 DOM
12. 2026-06-01
    days on market $145,000 Active 47 DOM
13. 2026-05-31
    days on market $145,000 Active 46 DOM
14. 2026-04-23
    historical $1,349
15. 2026-04-15
    listed $145,000 Active 377-char remark

    Show marketing remark (377 chars)

    Beautiful brick home featuring four spacious bedrooms and two full bathrooms. Enjoy ample parking, a lush green backyard, fresh interior paint (2025), a remodeled kitchen (2025), a new water heater (2025), and attractive LVP flooring throughout. Located on a quiet street in West Birmingham with convenient access to the interstate and downtown. A wonderful home for any buyer.

16. 2026-03-29
    listed $1,349
17. 2026-03-13
    historical $1,399
18. 2025-11-15
    price $1,399
19. 2025-11-11
    price $1,400
20. 2025-10-28
    listed $1,500
21. 2025-09-07
    historical $1,500
22. 2025-08-21
    listed $1,500
23. 2025-05-06
    price $154,900
24. 2025-04-24
    price $154,900
25. 2025-04-08
    price $164,900
26. 2025-02-25
    price $160,000
27. 2025-01-29
    soldstatus $108,000

ⓘ 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: $906 · $76/mo
• Projected year-2 tax: $906 · $76/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 7/10 Severe 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,177
• − Mortgage interest: −$8,122
• − Property taxes: −$906
• − Insurance: −$725
• − Repairs & maintenance: −$1,214
• − Management: −$1,214
• − Depreciation: −$4,218
• Taxable loss: −$1,223
• Est. tax savings @ 24.0%: +$293
• After-tax cash flow: $1,528/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

-98.8% since first listed

14 events — show timeline

• 2026-04-23 Rental Removed $1,349 TENANTTURNER2
• 2026-04-15 Listed $145,000 Greater Alabama MLS
• 2026-03-29 Listed for Rent $1,349 TENANTTURNER2
• 2026-03-13 Rental Removed $1,399 TENANTTURNER2
• 2025-11-15 Price Changed $1,399 TENANTTURNER2
• 2025-11-11 Price Changed $1,400 TENANTTURNER2
• 2025-10-28 Listed for Rent $1,500 TENANTTURNER2
• 2025-09-07 Rental Removed $1,500 TENANTTURNER2
• 2025-08-21 Listed for Rent $1,500 TENANTTURNER2
• 2025-05-06 Price Changed $154,900 Greater Alabama MLS
• 2025-04-24 Price Changed $154,900 Walker County Area MLS
• 2025-04-08 Price Changed $164,900 Walker County Area MLS
• 2025-02-25 Price Changed $160,000 Greater Alabama MLS
• 2025-01-29 Sold (Public Records) $108,000 Public Records

Property tax history

+0.7%/yr

Latest (2025): $906 · +0.0% YoY. Source: county tax records.