745 Meadowbrook Dr · Birmingham, AL 35215

$124,900

3 bd · 1.0 ba · 1,233 sqft · SingleFamily public records · 57 Days on market

Built 1954 0.35 ac lot $101/sqft · at area comps Est $131k · 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 +22.4/30.0
• ARV discount +9.6/15.0
• DSCR +7.2/10.0
• 1% rule +4.9/10.0
• 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

Welcome to 745 Meadowbrook Drive! This home has so much to offer from the huge backyard to the convince to showing areas and a place to call HOME! Come see this home for yourself!

Key facts

• Huge backyard
• 0.35 acre lot
• Built 1954

Tags

• HUGE BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/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 $124k (0.7% below list).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 rising (+3.0%/yr); 334 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 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 57 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 3 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 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $121,153 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 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 1954 — 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: 0.99% ✗
• Cap rate: 8.29%
• Cash-on-cash: 7.15%
• DSCR: 1.32
• GRM: 8.4

CMA / ARV

• ARV (median comp): $130,909
• List price: $124,900
• Delta: -4.59%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
328 Pat Ave	0.46mi	3/1.0	1,244 (+1%)	1mo	$93,500	$75	76
808 Meadowbrook Dr	0.14mi	3/1.0	1,112 (-10%)	1mo	$149,900	$135	76
458 Gene Reed Rd	0.10mi	3/2.0	1,350 (+10%)	8mo	$145,000	$107	69
321 Joan Ave	0.50mi	3/1.0	1,294 (+5%)	2mo	$121,000	$94	67
900 Charles Ct	0.55mi	3/2.0	1,234 (+0%)	8mo	$119,000	$96	63
505 Ferndale Rd	0.73mi	3/1.0	1,215 (-2%)	1mo	$92,500	$76	63
940 Meadowbrook Dr	0.37mi	4/1.0 (+1)	1,149 (-7%)	6mo	$108,000	$94	61
201 Carol Dr	0.54mi	3/1.0	1,096 (-11%)	2mo	$154,000	$141	54
936 Parkway Dr	0.34mi	2/1.0 (-1)	1,062 (-14%)	3mo	$104,500	$98	54
536 Camellia Rd	0.71mi	3/1.0	1,288 (+4%)	7mo	$69,999	$54	53
801 Martinwood Ln	0.56mi	3/1.5	1,404 (+14%)	5mo	$80,000	$57	45
508 Camellia Rd	0.64mi	3/1.0	1,048 (-15%)	6mo	$20,000	$19	40

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: -5.3%
• Equity multiple: 0.80×
• Total profit: $-6,962
• Equity at exit: $18,623

10-year hold

• IRR: 4.3%
• Equity multiple: 1.32×
• Total profit: $11,071
• Equity at exit: $10,799

Cash invested: $34,972 (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: 334
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,240 high
• Mortgage (P&I): −$655
• Tax from tax record: −$64 /mo · $774/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $208

Break-even live

Break-even rent $977

Max offer price $124,900

Occupancy floor 78%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	43d	1	0.18mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	23d	1	0.23mi
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	21d	1	0.24mi
628 Annie Laura Dr Birmingham, AL	3.0	1.0	844	$1,195	$1.42	43d	1	0.30mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	43d	1	0.30mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.40mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	43d	1	0.40mi
603 Camp Ct Birmingham, AL	3.0	1.0	936	$1,300	$1.39	43d	1	0.42mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.43mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	43d	1	0.48mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	43d	1	0.49mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	43d	1	0.53mi
201 Rose Dr Birmingham, AL	3.0	1.0	972	$1,100	$1.13	16d	1	0.54mi
9228 Brookhurst Dr Birmingham, AL	3.0	1.0	1146	$999	$0.87	43d	1	0.69mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	0.71mi
9844 Greenlee Rd Birmingham, AL	3.0	1.0	1046	$950	$0.91	43d	1	0.87mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.88mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	11d	1	0.89mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	2d	1	0.89mi
600 Sundale Dr Birmingham, AL	2.0	1.0	950	$800	$0.84	43d	1	0.91mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	1d	1	0.94mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	23d	1	0.95mi
204 McCormick Ave Birmingham, AL	3.0	1.0	880	$980	$1.11	3d	1	0.99mi
837 Wear Dr Birmingham, AL	3.0	2.0	936	$1,295	$1.38	2d	1	0.99mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	43d	1	1.04mi
252 Meadowdale Ave Birmingham, AL	3.0	1.0	920	$995	$1.08	43d	1	1.06mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	16d	1	1.07mi
209 Tucker Ave Birmingham, AL	3.0	1.0	1044	$1,100	$1.05	43d	1	1.08mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	1.11mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	23d	1	1.14mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	43d	1	1.17mi
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	43d	1	1.20mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	14d	1	1.21mi
1108 Sherwood Forest Dr Birmingham, AL	3.0	1.5	1118	$1,370	$1.23	43d	1	1.23mi
1028 Broadmoor Dr Birmingham, AL	3.0	1.0	1079	$1,085	$1.01	3d	1	1.24mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	43d	1	1.24mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	1.28mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	1.37mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	1.39mi
8917 Roebuck Blvd Apt 11 Birmingham, AL	2.0	1.0	880	$725	$0.82	16d	1	1.40mi

Listing history 14 events

1. 2026-04-30
   price $124,900 179-char remark

   Show marketing remark (179 chars)

   Welcome to 745 Meadowbrook Drive! This home has so much to offer from the huge backyard to the convince to showing areas and a place to call HOME! Come see this home for yourself!

2. 2026-04-02
   listed $129,900 Active 179-char remark

   Show marketing remark (179 chars)

   Welcome to 745 Meadowbrook Drive! This home has so much to offer from the huge backyard to the convince to showing areas and a place to call HOME! Come see this home for yourself!

3. 2022-07-19
   soldstatus $125,000
4. 2022-07-18
   soldstatus $125,000 Sold 362-char remark

   Show marketing remark (362 chars)

   Adorable home ready for a new owner! Property has been a cash flowing rental but was recently given a refresh and could be a great family home! 3 bedrooms and one full bath with a bonus room off the den that would make a great office or playroom. HVAC and water heater 2018. Photos do not reflect the new paint throughout which is grey. Check this one out today!

5. 2022-06-16
   historical Contingent 362-char remark

   Show marketing remark (362 chars)

   Adorable home ready for a new owner! Property has been a cash flowing rental but was recently given a refresh and could be a great family home! 3 bedrooms and one full bath with a bonus room off the den that would make a great office or playroom. HVAC and water heater 2018. Photos do not reflect the new paint throughout which is grey. Check this one out today!

6. 2022-06-10
   listed $112,900 Active 362-char remark

   Show marketing remark (362 chars)

   Adorable home ready for a new owner! Property has been a cash flowing rental but was recently given a refresh and could be a great family home! 3 bedrooms and one full bath with a bonus room off the den that would make a great office or playroom. HVAC and water heater 2018. Photos do not reflect the new paint throughout which is grey. Check this one out today!

7. 2016-04-29
   soldstatus $30,000 Sold
8. 2016-04-18
   status Pending
9. 2016-04-06
   listed $34,900 Active
10. 2008-07-21
    soldstatus $39,850
11. 2006-04-13
    soldstatus $80,000
12. 2001-06-01
    soldstatus $70,000
13. 1997-10-17
    soldstatus $57,500
14. 1996-02-21
    soldstatus $44,170

ⓘ 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: $774 · $64/mo
• Projected year-2 tax: $774 · $64/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 6/10 Major FEMA zone X (unshaded) · 68% 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: $14,883
• − Mortgage interest: −$6,996
• − Property taxes: −$774
• − Insurance: −$624
• − Repairs & maintenance: −$1,191
• − Management: −$1,191
• − Depreciation: −$3,633
• Taxable income: $473
• Est. tax owed @ 24.0%: −$114
• After-tax cash flow: $2,386/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

+182.8% since first listed

14 events — show timeline

• 2026-04-30 Price Changed $124,900 Greater Alabama MLS
• 2026-04-02 Listed $129,900 Greater Alabama MLS
• 2022-07-19 Sold (Public Records) $125,000 Public Records
• 2022-07-18 Sold (MLS) $125,000 Greater Alabama MLS
• 2022-06-16 Contingent — Greater Alabama MLS
• 2022-06-10 Listed $112,900 Greater Alabama MLS
• 2016-04-29 Sold (MLS) $30,000 Greater Alabama MLS
• 2016-04-18 Pending — Greater Alabama MLS
• 2016-04-06 Listed $34,900 Greater Alabama MLS
• 2008-07-21 Sold (Public Records) $39,850 Public Records
• 2006-04-13 Sold (Public Records) $80,000 Public Records
• 2001-06-01 Sold (Public Records) $70,000 Public Records
• 1997-10-17 Sold (Public Records) $57,500 Public Records
• 1996-02-21 Sold (Public Records) $44,170 Public Records

Property tax history

-4.4%/yr

Latest (2025): $774 · +4.7% YoY. Source: county tax records.