1437 17th St SW · Birmingham, AL 35211

$64,900

2 bd · 1.0 ba · 804 sqft · SingleFamily public records · 99 Days on market

Built 1950 7,405 sqft lot $81/sqft · at area comps Est $66k · at est.

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.2/15.0
• 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

Great investment for rental property. 2 Bed and 1 Bath home with great upside potential! RENT READY!

Key facts

• 7,405 sq ft lot
• Built 1950
• Listed 99 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $364 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $59k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.0% 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: Rents soft (-0.0%/yr); 154 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% 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 35% 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 $449 of loan paydown is wiped out by about $2k 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 $18k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $5k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $59,059 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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.
8. 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.
9. 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: 1.56% ✓
• Cap rate: 13.02%
• Cash-on-cash: 24.02%
• DSCR: 2.07
• GRM: 5.3

CMA / ARV

• ARV (median comp): $65,892
• List price: $64,900
• Delta: -1.51%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1813 Jefferson Ave SW	0.45mi	2/1.0	816 (+2%)	1mo	$47,500	$58	76
1141 15th St SW	0.62mi	2/1.0	804 (0%)	12mo	$85,000	$106	61
1545 17th Pl SW	0.19mi	3/1.0 (+1)	920 (+14%)	4mo	$35,000	$38	59
1736 Jefferson Ave SW	0.28mi	3/1.0 (+1)	871 (+8%)	12mo	$116,000	$133	59
1541 Dennison Ave	0.45mi	3/1.0 (+1)	864 (+8%)	11mo	$55,000	$64	52
1324 19th St SW	0.65mi	2/2.0	864 (+8%)	6mo	$83,500	$97	48
1776 Alemeda Ave SW	0.44mi	2/1.0	702 (-13%)	12mo	$46,000	$66	48
1549 Dennison Ave	0.42mi	3/1.5 (+1)	913 (+14%)	18mo	$15,000	$16	36

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: 13.9%
• Equity multiple: 1.53×
• Total profit: $9,690
• Equity at exit: $9,677

10-year hold

• IRR: 20.3%
• Equity multiple: 2.48×
• Total profit: $26,823
• Equity at exit: $5,611

Cash invested: $18,172 (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: 5.3×

Monthly cashflow live

• Estimated rent: $1,014 high
• Mortgage (P&I): −$340
• Tax from tax record: −$70 /mo · $840/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $364

Break-even live

Break-even rent $554

Max offer price $64,900

Occupancy floor 59%

Sensitivity live

Price	-10% $401	-5% $382	+0% $364	+5% $345	+10% $327
Rent	-10% $284	-5% $324	+0% $364	+5% $404	+10% $444
Rate	-1.0pp $396	-0.5pp $380	base $364	+0.5pp $347	+1.0pp $330

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	45d	1	0.46mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	13d	1	0.49mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	23d	1	0.49mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	0.50mi
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	5d	1	0.52mi
1508 Dennison Ave SW Birmingham, AL	2.0	1.0	924	$890	$0.96	45d	1	0.57mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	45d	1	0.60mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	45d	1	0.63mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	0.66mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	5d	1	0.69mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	23d	1	0.76mi
914 14th St SW Unit B Birmingham, AL	1.0	1.0	577	$700	$1.21	25d	1	0.82mi
914 14th St SW Unit A Birmingham, AL	1.0	1.0	577	$600	$1.04	25d	1	0.82mi
914 14th St SW Unit B Birmingham, AL	1.0	1.0	580	$600	$1.03	13d	1	0.82mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	800	$800	$1.00	13d	1	0.83mi
916 14th St SW Unit F Birmingham, AL	2.0	1.0	870	$800	$0.92	45d	1	0.83mi
916 14th St SW Unit A Birmingham, AL	2.0	1.0	870	$800	$0.92	25d	1	0.83mi
521 16th St SW Unit 523 Birmingham, AL	2.0	1.0	800	$800	$1.00	45d	1	0.91mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	0.92mi
249 Gloria Rd SW Birmingham, AL	2.0	1.0	624	$800	$1.28	45d	1	0.93mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	45d	1	0.95mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	25d	1	0.97mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	45d	1	0.99mi
1845 Henry Crumpton Dr Birmingham, AL	3.0	1.0	1000	$895	$0.90	5d	1	1.00mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	5d	1	1.05mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	25d	1	1.12mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	45d	1	1.12mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	46d	1	1.13mi
132 17th St SW Birmingham, AL	2.0	1.0	738	$945	$1.28	45d	1	1.17mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	46d	1	1.24mi
1100 Cotton Ave SW Unit b Birmingham, AL	2.0	1.5	816	$988	$1.21	45d	1	1.24mi
700 Aspen Dr Birmingham, AL	1.0	1.0	786	$1,045	$1.33	45d	1	1.27mi
218 Olympia Dr Homewood, AL	1.0–3.0	1.0–2.5	958	$1,190	$1.24	3d	33	1.27mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	25d	1	1.32mi
2432 Ishkooda Rd SW Birmingham, AL	3.0	1.0	1075	$1,150	$1.07	45d	1	1.39mi
401 Skyview Dr Birmingham, AL	2.0	1.0	864	$950	$1.10	45d	1	1.39mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	45d	1	1.42mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	45d	1	1.43mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	45d	1	1.46mi

Listing history 26 events

1. 2026-06-21
   days on market $64,900 Active 99 DOM
2. 2026-06-18
   days on market $64,900 Active 96 DOM
3. 2026-06-17
   days on market $64,900 Active 95 DOM
4. 2026-06-16
   days on market $64,900 Active 94 DOM
5. 2026-06-15
   pricedays on market $64,900 Active 93 DOM
6. 2026-06-13
   days on market $69,900 Active 91 DOM
7. 2026-06-10
   days on market $69,900 Active 88 DOM
8. 2026-06-09
   days on market $69,900 Active 87 DOM
9. 2026-06-08
   days on market $69,900 Active 86 DOM
10. 2026-06-07
    days on market $69,900 Active 85 DOM
11. 2026-06-03
    days on market $69,900 Active 81 DOM
12. 2026-06-02
    days on market $69,900 Active 80 DOM
13. 2026-06-01
    days on market $69,900 Active 79 DOM
14. 2026-05-31
    days on market $69,900 Active 78 DOM
15. 2026-03-19
    historical $850
16. 2026-03-14
    listed $69,900 Active 100-char remark

    Show marketing remark (100 chars)

    Great investment for rental property. 2 Bed and 1 Bath home with great upside potential! RENT READY!

17. 2026-02-25
    listed $850
18. 2026-02-25
    historical $850
19. 2026-02-14
    price $850
20. 2026-01-15
    price $795
21. 2025-12-16
    price $850
22. 2025-11-20
    price $890
23. 2025-11-06
    price $900
24. 2025-09-09
    listed $950
25. 2021-04-30
    soldstatus $975,000
26. 2009-02-10
    soldstatus $21,000

ⓘ 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: $840 · $70/mo
• Projected year-2 tax: $840 · $70/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 2/10 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: $12,169
• − Mortgage interest: −$3,635
• − Property taxes: −$840
• − Insurance: −$324
• − Repairs & maintenance: −$974
• − Management: −$974
• − Depreciation: −$1,888
• Taxable income: $3,535
• Est. tax owed @ 24.0%: −$848
• After-tax cash flow: $3,517/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

+232.9% since first listed

12 events — show timeline

• 2026-03-19 Rental Removed $850 SHOWMOJO
• 2026-03-14 Listed $69,900 Greater Alabama MLS
• 2026-02-25 Listed for Rent $850 SHOWMOJO
• 2026-02-25 Rental Removed $850 APPFOLIO
• 2026-02-14 Price Changed $850 APPFOLIO
• 2026-01-15 Price Changed $795 APPFOLIO
• 2025-12-16 Price Changed $850 APPFOLIO
• 2025-11-20 Price Changed $890 APPFOLIO
• 2025-11-06 Price Changed $900 APPFOLIO
• 2025-09-09 Listed for Rent $950 APPFOLIO
• 2021-04-30 Sold (Public Records) $975,000 Public Records
• 2009-02-10 Sold (Public Records) $21,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $840 · +0.0% YoY. Source: county tax records.