108 Mississippi St · Brookside, AL 35214

$95,900

2 bd · 1.0 ba · 920 sqft · SingleFamily public records · 727 Days on market

Built 1948 5,227 sqft lot $104/sqft · at area comps Est $100k · at est.

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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 +27.8/30.0
• DSCR +9.8/10.0
• ARV discount +9.2/15.0
• 1% rule +6.6/10.0
• Rent growth +2.7/5.0
• Livability +2.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Property Leased for $875 through 11/30/2027. If you're looking for an adorable 2 bedroom, 1 bath home with lots of charm, this one is for you! renovated in 2021 with a gorgeous kitchen, luxury vinyl flooring, beautiful tile, new fixtures, hardware, fresh paint and more! Enjoy the outdoors on the great deck or cute covered front porch.

Key facts

• Great deck
• Renovated in 2021
• 5,227 sq ft lot

Tags

• RENOVATED IN 2021
• LUXURY VINYL FLOORING
• GREAT DECK

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $96k.

Deal economics

• At list price, monthly cash flow is $291 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $96k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#465 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, crime D, schools 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; 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 $663 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 727 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask is 10860% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $84,392 (12.0% below list)

Questions for the listing agent

1. It's been on market 727 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 1948 — 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 D 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: 1.16% ✓
• Cap rate: 9.94%
• Cash-on-cash: 13.02%
• DSCR: 1.58
• GRM: 7.2

CMA / ARV

• ARV (median comp): $99,735
• List price: $95,900
• Delta: -3.84%
• Verdict: FAIR
• Comps: 4 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
204 Tiger Hill Rd	0.31mi	3/1.0 (+1)	880 (-4%)	10mo	$20,000	$23	65

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: 0.5%
• Equity multiple: 1.02×
• Total profit: $499
• Equity at exit: $14,299

10-year hold

• IRR: 7.9%
• Equity multiple: 1.54×
• Total profit: $14,468
• Equity at exit: $8,292

Cash invested: $26,852 (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: 7.2×

Monthly cashflow live

• Estimated rent: $1,117 medium
• Mortgage (P&I): −$503
• Tax from tax record: −$48 /mo · $580/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $291

Break-even live

Break-even rent $748

Max offer price $95,900

Occupancy floor 69%

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: $23,975
• Closing costs: $2,877
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $95,900 Active 727 DOM
2. 2026-06-17
   days on market $95,900 Active 726 DOM
3. 2026-06-16
   days on market $95,900 Active 725 DOM
4. 2026-06-15
   days on market $95,900 Active 724 DOM
5. 2026-06-13
   days on market $95,900 Active 722 DOM
6. 2026-06-10
   days on market $95,900 Active 719 DOM
7. 2026-06-09
   days on market $95,900 Active 718 DOM
8. 2026-06-08
   days on market $95,900 Active 717 DOM
9. 2026-06-07
   days on market $95,900 Active 716 DOM
10. 2026-06-03
    days on market $95,900 Active 712 DOM
11. 2026-06-02
    days on market $95,900 Active 711 DOM
12. 2026-06-01
    days on market $95,900 Active 710 DOM
13. 2026-05-31
    days on market $95,900 Active 709 DOM
14. 2026-02-25
    price $95,900 347-char remark

    Show marketing remark (347 chars)

    Investment Property Leased for $875 through 11/30/2027. If you're looking for an adorable 2 bedroom, 1 bath home with lots of charm, this one is for you! renovated in 2021 with a gorgeous kitchen, luxury vinyl flooring, beautiful tile, new fixtures, hardware, fresh paint and more! Enjoy the outdoors on the great deck or cute covered front porch.

15. 2025-11-15
    historical $875
16. 2025-10-21
    listed $875
17. 2024-06-21
    listed $99,900 Active 347-char remark

    Show marketing remark (347 chars)

    Investment Property Leased for $875 through 11/30/2027. If you're looking for an adorable 2 bedroom, 1 bath home with lots of charm, this one is for you! renovated in 2021 with a gorgeous kitchen, luxury vinyl flooring, beautiful tile, new fixtures, hardware, fresh paint and more! Enjoy the outdoors on the great deck or cute covered front porch.

18. 2021-04-26
    soldstatus $85,000
19. 2021-03-17
    soldstatus $85,000 4-char remark

    Show marketing remark (4 chars)

    none

20. 2021-02-16
    listed $85,000 4-char remark

    Show marketing remark (4 chars)

    none

21. 2010-06-30
    soldstatus $25,000
22. 1983-07-21
    soldstatus $15,000

ⓘ 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: $580 · $48/mo
• Projected year-2 tax: $580 · $48/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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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 4 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,405
• − Mortgage interest: −$5,372
• − Property taxes: −$580
• − Insurance: −$480
• − Repairs & maintenance: −$1,072
• − Management: −$1,072
• − Depreciation: −$2,790
• Taxable income: $2,038
• Est. tax owed @ 24.0%: −$489
• After-tax cash flow: $3,006/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 — Brookside

• Score: 54/100
• State rank: #465
• US rank: #24004

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brookside, AL
• County: Jefferson County · 527,445 people
• City population: 175
• 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

+539.3% since first listed

9 events — show timeline

• 2026-02-25 Price Changed $95,900 Greater Alabama MLS
• 2025-11-15 Rental Removed $875 APPFOLIO
• 2025-10-21 Listed for Rent $875 APPFOLIO
• 2024-06-21 Listed $99,900 Greater Alabama MLS
• 2021-04-26 Sold (Public Records) $85,000 Public Records
• 2021-03-17 Sold (MLS) $85,000 Greater Alabama MLS
• 2021-02-16 Listed $85,000 Greater Alabama MLS
• 2010-06-30 Sold (Public Records) $25,000 Public Records
• 1983-07-21 Sold (Public Records) $15,000 Public Records

Property tax history

+24.2%/yr

Latest (2025): $580 · +0.0% YoY. Source: county tax records.