2421 Galaxie Dr SW · Birmingham, AL 35211

$100,000

2 bd · 1.0 ba · 825 sqft · SingleFamily public records · 128 Days on market

Built 1961 $121/sqft · 155% above area ↓ 12% 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 +26.0/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

.

Key facts

• Parking
• Built 1961
• Listed 128 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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); 152 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 47% 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 39% 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 $691 of loan paydown is wiped out by about $3k 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 128 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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 1961 — 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: 1.14% ✓
• Cap rate: 9.29%
• Cash-on-cash: 10.69%
• DSCR: 1.48
• GRM: 7.3

CMA / ARV

• ARV (median comp): $52,284
• List price: $100,000
• Delta: 91.26%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2311 Rambow Ave SW	0.39mi	2/1.0	818 (-1%)	7mo	$27,500	$34	75
2012 Rambow Ave SW	0.22mi	2/1.0	864 (+5%)	9mo	$20,000	$23	74
2113 SW Rambow Ave	0.28mi	2/1.0	838 (+2%)	14mo	$26,000	$31	72
2213 Rambow Ave SW	0.34mi	2/1.0	800 (-3%)	14mo	$92,000	$115	68
2432 Ishkooda Rd	0.12mi	2/1.0	875 (+6%)	21mo	$45,000	$51	67
2001 Henry Crumpton Dr	0.44mi	2/1.0	752 (-9%)	11mo	$30,000	$40	56
1649 Maple Ave SW	0.60mi	2/1.0	832 (+1%)	23mo	$51,000	$61	51
1916 Francis Ave SW	0.68mi	3/1.0 (+1)	770 (-7%)	1mo	$34,500	$45	51
2400 Lawn Ave SW	0.60mi	2/1.0	782 (-5%)	15mo	$69,000	$88	51
117 E SW Ann Dr	0.58mi	3/1.0 (+1)	936 (+14%)	6mo	$65,000	$69	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: -3.6%
• Equity multiple: 0.87×
• Total profit: $-3,665
• Equity at exit: $14,910

10-year hold

• IRR: 2.5%
• Equity multiple: 1.15×
• Total profit: $4,330
• Equity at exit: $8,646

Cash invested: $28,000 (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 35211

• Rents YoY: -0.0%
• Active inventory: 152
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,139 high
• Mortgage (P&I): −$524
• Tax from tax record: −$85 /mo · $1,015/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$239
• Net cashflow: $249

Break-even live

Break-even rent $824

Max offer price $100,000

Occupancy floor 73%

Sensitivity live

Price	-10% $306	-5% $278	+0% $249	+5% $221	+10% $193
Rent	-10% $159	-5% $204	+0% $249	+5% $294	+10% $339
Rate	-1.0pp $300	-0.5pp $275	base $249	+0.5pp $224	+1.0pp $197

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2432 Ishkooda Rd SW Birmingham, AL	3.0	1.0	1075	$1,150	$1.07	44d	1	0.11mi
2113 Rambow Ave SW Birmingham, AL	2.0	1.0	838	$1,250	$1.49	44d	1	0.29mi
1845 Henry Crumpton Dr Birmingham, AL	3.0	1.0	1000	$895	$0.90	4d	1	0.48mi
249 Gloria Rd SW Birmingham, AL	2.0	1.0	624	$800	$1.28	44d	1	0.55mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	24d	1	0.55mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	44d	1	0.92mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	44d	1	0.94mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	4d	1	0.98mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	24d	1	0.98mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	12d	1	1.01mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	22d	1	1.01mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	44d	1	1.04mi
2805 32nd Way SW Birmingham, AL	3.0	1.0	792	$900	$1.14	44d	1	1.12mi
2804 32nd Way SW Birmingham, AL	3.0	1.0	840	$900	$1.07	44d	1	1.15mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	4d	1	1.22mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	44d	1	1.27mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	1.27mi
251 London Pkwy Birmingham, AL	1.0–3.0	1.0–2.0	1192	$1,620	$1.36	2d	27	1.29mi
80 W Oxmoor Rd Birmingham, AL	1.0–3.0	1.0–2.0	1074	$2,237	$2.08	2d	19	1.38mi

Listing history 17 events

1. 2026-06-18
   days on market $100,000 Active 128 DOM
2. 2026-06-17
   days on market $100,000 Active 127 DOM
3. 2026-06-16
   days on market $100,000 Active 126 DOM
4. 2026-06-15
   days on market $100,000 Active 125 DOM
5. 2026-06-13
   days on market $100,000 Active 123 DOM
6. 2026-06-10
   days on market $100,000 Active 120 DOM
7. 2026-06-09
   days on market $100,000 Active 119 DOM
8. 2026-06-08
   days on market $100,000 Active 118 DOM
9. 2026-06-07
   days on market $100,000 Active 117 DOM
10. 2026-06-03
    days on market $100,000 Active 113 DOM
11. 2026-06-02
    days on market $100,000 Active 112 DOM
12. 2026-06-01
    days on market $100,000 Active 111 DOM
13. 2026-05-31
    days on market $100,000 Active 110 DOM
14. 2026-05-07
    price $110,000 1-char remark

    Show marketing remark (1 chars)

    .

15. 2026-03-26
    price $114,900 1-char remark

    Show marketing remark (1 chars)

    .

16. 2026-03-04
    price $119,900 1-char remark

    Show marketing remark (1 chars)

    .

17. 2026-02-10
    listed $124,900 Active 1-char remark

    Show marketing remark (1 chars)

    .

ⓘ 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: $1,015 · $85/mo
• Projected year-2 tax: $1,015 · $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 3/10 Moderate
• 🌡 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: $13,672
• − Mortgage interest: −$5,602
• − Property taxes: −$1,015
• − Insurance: −$500
• − Repairs & maintenance: −$1,094
• − Management: −$1,094
• − Depreciation: −$2,909
• Taxable income: $1,459
• Est. tax owed @ 24.0%: −$350
• After-tax cash flow: $2,643/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

-11.9% since first listed

4 events — show timeline

• 2026-05-07 Price Changed $110,000 Greater Alabama MLS
• 2026-03-26 Price Changed $114,900 Greater Alabama MLS
• 2026-03-04 Price Changed $119,900 Greater Alabama MLS
• 2026-02-10 Listed $124,900 Greater Alabama MLS

Property tax history

+3.2%/yr

Latest (2025): $1,015 · +0.0% YoY. Source: county tax records.