208 Boxwood Cir · Birmingham, AL 35215

$115,900

3 bd · 1.0 ba · 1,572 sqft · SingleFamily public records · 35 Days on market

Built 1956 1.22 ac lot Est $148k · 22% under

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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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +6.5/10.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

THIS HOUSE SITS ON TWO LOTS ON A DEAD END STREET. BOTH THE BACK AND FRONT YARDS ARE LARGE. THE BACK YARD IS FENCED. THERE ARE 3 BEDROOMS AND 1 BATHROOM. MAKE YOUR APPOINTMENT TO SEE THIS ONE TODAY!

Key facts

• Level lot
• New hvac unit
• 1.22 acre lot

Tags

• LEVEL LOT
• NEW HVAC UNIT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $116k.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising (+3.0%/yr); 336 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 42% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 30% of the median local income ($53k/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 $801 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 35 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago 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.

Risks & watch-outs

• Watch-outs: built in 1956 — 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 $112,423 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.15% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.44%
• DSCR: 1.38
• GRM: 7.2

CMA / ARV

• ARV (on-the-fly): $147,768
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
173 Roebuck Dr	0.16mi	3/1.0	1,682 (+7%)	7mo	$72,000	$43	75
216 Westwood Dr	0.13mi	3/1.0	1,384 (-12%)	0mo	$78,500	$57	74
945 Nelson Dr	0.46mi	3/2.0	1,563 (-1%)	6mo	$170,000	$109	68
321 Glynn Dr	0.30mi	3/1.5	1,401 (-11%)	1mo	$140,000	$100	65
824 Hickory Dr	0.17mi	4/2.0 (+1)	1,750 (+11%)	3mo	$190,000	$109	62
937 Hickory Dr	0.40mi	4/2.0 (+1)	1,622 (+3%)	6mo	$165,000	$102	62
200 Red Lane Rd	0.53mi	3/1.0	1,632 (+4%)	10mo	$88,000	$54	60
909 Five Mile Rd	0.67mi	3/2.0	1,532 (-2%)	4mo	$115,000	$75	57
600 Annie Laura Dr	0.55mi	4/2.0 (+1)	1,617 (+3%)	6mo	$129,995	$80	56
101 95th St N	0.71mi	3/2.0	1,506 (-4%)	5mo	$82,000	$54	52
932 Charles Ct	0.46mi	4/2.0 (+1)	1,430 (-9%)	5mo	$140,000	$98	50
429 Gene Reed Rd	0.71mi	3/2.0	1,371 (-13%)	12mo	$128,500	$94	32

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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-4,152
• Equity at exit: $17,281

10-year hold

• IRR: 6.4%
• Equity multiple: 1.48×
• Total profit: $15,472
• Equity at exit: $10,021

Cash invested: $32,452 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 336
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,335 high
• Mortgage (P&I): −$608
• Tax from tax record: −$170 /mo · $2,042/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $228

Break-even live

Break-even rent $1,046

Max offer price $115,900

Occupancy floor 78%

Sensitivity live

Price	-10% $294	-5% $261	+0% $228	+5% $195	+10% $163
Rent	-10% $123	-5% $176	+0% $228	+5% $281	+10% $334
Rate	-1.0pp $287	-0.5pp $258	base $228	+0.5pp $198	+1.0pp $168

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: $28,975
• Closing costs: $3,477
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	25d	1	0.15mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	3d	1	0.22mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	45d	1	0.31mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	45d	1	0.47mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	5d	1	0.47mi
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	45d	1	0.49mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	45d	1	0.59mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	5d	1	0.66mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	21d	1	0.69mi
417 Price Dr Birmingham, AL	4.0	2.0	1584	$1,395	$0.88	25d	1	0.72mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	25d	1	0.78mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	45d	1	0.80mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	5d	1	0.84mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	45d	1	0.84mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	13d	1	0.86mi
46 Sunscape Dr Birmingham, AL	4.0	2.0	1178	$1,450	$1.23	45d	1	1.03mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	3d	1	1.06mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	16d	1	1.07mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	45d	1	1.09mi
9228 Brookhurst Dr Birmingham, AL	3.0	1.0	1146	$999	$0.87	45d	1	1.14mi
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	13d	1	1.15mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	13d	1	1.17mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	5d	1	1.19mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	45d	1	1.23mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	45d	1	1.28mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	18d	1	1.34mi

Listing history 9 events

1. 2024-11-20
   soldstatus $115,000
2. 2024-10-03
   status Pending
3. 2024-08-28
   listed $115,900 Active
4. 2023-07-25
   historical
5. 2016-06-22
   soldstatus $35,000 Sold 197-char remark

   Show marketing remark (197 chars)

   THIS HOUSE SITS ON TWO LOTS ON A DEAD END STREET. BOTH THE BACK AND FRONT YARDS ARE LARGE. THE BACK YARD IS FENCED. THERE ARE 3 BEDROOMS AND 1 BATHROOM. MAKE YOUR APPOINTMENT TO SEE THIS ONE TODAY!

6. 2016-05-31
   status Pending 197-char remark

   Show marketing remark (197 chars)

   THIS HOUSE SITS ON TWO LOTS ON A DEAD END STREET. BOTH THE BACK AND FRONT YARDS ARE LARGE. THE BACK YARD IS FENCED. THERE ARE 3 BEDROOMS AND 1 BATHROOM. MAKE YOUR APPOINTMENT TO SEE THIS ONE TODAY!

7. 2016-05-11
   listed $35,000 Active 197-char remark

   Show marketing remark (197 chars)

   THIS HOUSE SITS ON TWO LOTS ON A DEAD END STREET. BOTH THE BACK AND FRONT YARDS ARE LARGE. THE BACK YARD IS FENCED. THERE ARE 3 BEDROOMS AND 1 BATHROOM. MAKE YOUR APPOINTMENT TO SEE THIS ONE TODAY!

8. 2009-03-25
   soldstatus $91,000
9. 2007-05-16
   soldstatus $45,500

ⓘ 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: $2,042 · $170/mo
• Projected year-2 tax: $2,042 · $170/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,018
• − Mortgage interest: −$6,492
• − Property taxes: −$2,042
• − Insurance: −$580
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − Depreciation: −$3,372
• Taxable income: $970
• Est. tax owed @ 24.0%: −$233
• After-tax cash flow: $2,507/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): 43,903
• Household income: $52,793
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 1729.0

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 (75%)
• Race & ethnicity: Black 75% White 15% Hispanic / Latino 7% Two or more races 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 1% Italian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 92% English-only · Spanish 7%

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: ▼ -112.97%
• Current HPI: 215.0607
• Rent YoY: ▲ 3.04%
• 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

+152.7% since first listed

9 events — show timeline

• 2024-11-20 Sold (Public Records) $115,000 Public Records
• 2024-10-03 Pending — Greater Alabama MLS
• 2024-08-28 Listed $115,900 Greater Alabama MLS
• 2023-07-25 Rental Removed — APPFOLIO
• 2016-06-22 Sold (MLS) $35,000 Greater Alabama MLS
• 2016-05-31 Pending — Greater Alabama MLS
• 2016-05-11 Listed $35,000 Greater Alabama MLS
• 2009-03-25 Sold (Public Records) $91,000 Public Records
• 2007-05-16 Sold (Public Records) $45,500 Public Records

Property tax history

+10.6%/yr

Latest (2025): $2,042 · +4.2% YoY. Source: county tax records.