204 E Haven Dr · Birmingham, AL 35215

$114,900

3 bd · 1.5 ba · 1,449 sqft · SingleFamily public records · 14 Days on market

Built 1958 10,454 sqft lot Est $135k · 15% under

---

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 +14.1/15.0
• DSCR +7.8/10.0
• 1% rule +6.2/10.0
• 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

Property is tenant occupied. DO NOT DISTURB. Managed by Barrington Real Estate. Tenant pays $900 per month. Owner has multiple other rentals for sell.

Key facts

• Hardwood flooring
• Versatile den
• Functional layout

Tags

• BRICK AND WOOD RANCH
• FUNCTIONAL LAYOUT
• BRIGHT LIVING AND DINING
• VERSATILE DEN
• DEDICATED LAUNDRY ROOM
• HARDWOOD FLOORING

Property features AI

Finance

• Other: Property in the EAST HAVEN minor subdivision; Lot size approximately 0.24 acres
• HOA & community: No association fee

Exterior

• Parking: Attached parking; Driveway parking; One carport space
• Utilities: Public water; Electric water heater; Internet service availability unknown
• Home design: Existing single-family residence; 4-sided brick construction; Crawl space foundation
• Construction: 4-sided brick exterior; Crawl space foundation; Year built listed as existing
• Exterior features: Front porch; No patio, deck, pool, or garden listed; Not waterfront

Interior

• Kitchen: Laminate countertops; Gas oven; Refrigerator
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level
• Flooring: Hardwood
• Bathrooms: One full bath; One half bath; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Hardwood floors; Pull-down attic; Ceilings noted as 'Other (See Remarks)'; No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• 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 Academy (math 0% / reading 17%, grade F, #594 of 627 statewide, top 95%, 735 students, 79% FRL); 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); 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); 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 $794 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

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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 1958 — 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 $114,900

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.43%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $134,757
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1341 Hatfield Ln	0.07mi	3/1.5	1,318 (-9%)	6mo	$100,500	$76	76
1705 Lake Park Cir	0.13mi	2/2.0 (-1)	1,339 (-8%)	1mo	$125,000	$93	74
1105 Rainbow Dr NE	0.53mi	3/2.0	1,392 (-4%)	1mo	$107,500	$77	66
852 Twin Lake Dr NE	0.41mi	3/1.5	1,364 (-6%)	7mo	$115,000	$84	65
1632 Bobolink Ln NE	0.35mi	3/2.0	1,327 (-8%)	9mo	$130,000	$98	60
432 Argonne Dr NE	0.40mi	3/2.0	1,566 (+8%)	8mo	$101,700	$65	59
1517 NW 3rd St	0.55mi	3/2.0	1,377 (-5%)	8mo	$86,000	$62	58
504 Lakeside Cir	0.52mi	2/2.0 (-1)	1,555 (+7%)	2mo	$210,000	$135	55
550 Lakeside Cir	0.55mi	2/2.0 (-1)	1,526 (+5%)	7mo	$209,900	$138	53
1409 4th Pl NW	0.73mi	3/2.0	1,363 (-6%)	2mo	$192,000	$141	52
1637 1st St NE	0.46mi	3/1.0	1,296 (-11%)	9mo	$115,300	$89	51
222 Polly Reed Rd	0.67mi	3/2.0	1,662 (+15%)	8mo	$179,000	$108	35

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: $-4,147
• Equity at exit: $17,132

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $15,219
• Equity at exit: $9,934

Cash invested: $32,172 (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 35215

• Home prices YoY: -34.4%
• Rents YoY: 3.0%
• Active inventory: 334
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,288 high
• Mortgage (P&I): −$603
• Tax from tax record: −$141 /mo · $1,689/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $226

Break-even live

Break-even rent $1,002

Max offer price $114,900

Occupancy floor 77%

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	0.16mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	2d	8	0.17mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	0.18mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	0.24mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	0.28mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	0.39mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	44d	1	0.40mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	44d	1	0.52mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	24d	1	0.53mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	24d	1	0.53mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	0.55mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	24d	1	0.56mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	0.58mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	24d	1	0.60mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	24d	1	0.67mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	24d	1	0.68mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.71mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	2d	1	0.71mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	44d	1	0.72mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	3d	1	0.74mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	44d	1	0.77mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	0.79mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	0.79mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	44d	1	0.81mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	24d	1	0.86mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	0.88mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	0.89mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	0.89mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	44d	1	0.90mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	44d	1	0.90mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	44d	1	0.92mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	44d	1	0.93mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	24d	1	0.93mi
500 15th Ave NW Center Point, AL	3.0	1.0	1079	$1,050	$0.97	3d	1	0.93mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	3d	1	0.93mi
744 Vaughn Cir Birmingham, AL	4.0	2.0	1516	$1,561	$1.03	24d	1	0.94mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	16d	1	0.94mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	24d	1	0.94mi
901 Eldorado Dr Birmingham, AL	4.0	2.0	1680	$1,415	$0.84	15d	1	0.94mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	0.95mi

Listing history 21 events

1. 2026-06-13
   statusdays on market $114,900 Pending 14 DOM
2. 2026-06-10
   days on market $114,900 Active 13 DOM
3. 2026-06-09
   days on market $114,900 Active 12 DOM
4. 2026-06-08
   days on market $114,900 Active 11 DOM
5. 2026-06-07
   days on market $114,900 Active 10 DOM
6. 2026-06-03
   days on market $114,900 Active 6 DOM
7. 2026-06-02
   days on market $114,900 Active 5 DOM
8. 2026-06-01
   days on market $114,900 Active 4 DOM
9. 2026-05-31
   days on market $114,900 Active 3 DOM
10. 2026-05-28
    listed $114,900 Active
11. 2022-07-25
    soldstatus $107,900 Sold 150-char remark

    Show marketing remark (150 chars)

    Property is tenant occupied. DO NOT DISTURB. Managed by Barrington Real Estate. Tenant pays $900 per month. Owner has multiple other rentals for sell.

12. 2022-07-25
    soldstatus $319,400

    Show marketing remark (150 chars)

    Property is tenant occupied. DO NOT DISTURB. Managed by Barrington Real Estate. Tenant pays $900 per month. Owner has multiple other rentals for sell.

13. 2022-06-16
    status Pending 150-char remark

    Show marketing remark (150 chars)

    Property is tenant occupied. DO NOT DISTURB. Managed by Barrington Real Estate. Tenant pays $900 per month. Owner has multiple other rentals for sell.

14. 2022-05-31
    listed $117,750 Active 150-char remark

    Show marketing remark (150 chars)

    Property is tenant occupied. DO NOT DISTURB. Managed by Barrington Real Estate. Tenant pays $900 per month. Owner has multiple other rentals for sell.

15. 2018-12-13
    soldstatus $197,000
16. 2012-07-12
    soldstatus $30,000 327-char remark

    Show marketing remark (327 chars)

    TAKE ANOTHER LOOK AT THIS 3BR, 1.5BA, SPACIOUS KITCHEN AND BEDROOMS, FORMAL LIVING AND DINING ROOM, SEPERATE LAUNDRY ROOM. PERFECT HOME FOR A FIRST TIME BUYER, THIS ONE WILL NOT LAST LONG. PURCHASE PROPERTY FOR AS LITTLE AS 3% DOWN THIS IS A FANNIE MAE HOMEPATH PROPERTY AND APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING.

17. 2012-06-06
    listed $32,000 327-char remark

    Show marketing remark (327 chars)

    TAKE ANOTHER LOOK AT THIS 3BR, 1.5BA, SPACIOUS KITCHEN AND BEDROOMS, FORMAL LIVING AND DINING ROOM, SEPERATE LAUNDRY ROOM. PERFECT HOME FOR A FIRST TIME BUYER, THIS ONE WILL NOT LAST LONG. PURCHASE PROPERTY FOR AS LITTLE AS 3% DOWN THIS IS A FANNIE MAE HOMEPATH PROPERTY AND APPROVED FOR HOMEPATH RENOVATION MORTGAGE FINANCING.

18. 2012-05-31
    soldstatus $92,149
19. 2006-08-24
    soldstatus $96,000
20. 1982-09-25
    soldstatus $43,053
21. 1978-08-01
    soldstatus $35,000

ⓘ 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: $1,689 · $141/mo
• Projected year-2 tax: $1,689 · $141/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 4/10 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: $15,453
• − Mortgage interest: −$6,436
• − Property taxes: −$1,689
• − Insurance: −$574
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$3,343
• Taxable income: $938
• Est. tax owed @ 24.0%: −$225
• After-tax cash flow: $2,488/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

+228.3% since first listed

12 events — show timeline

• 2026-05-28 Listed $114,900 Greater Alabama MLS
• 2022-07-25 Sold (Public Records) $319,400 Public Records
• 2022-07-25 Sold (MLS) $107,900 Greater Alabama MLS
• 2022-06-16 Pending — Greater Alabama MLS
• 2022-05-31 Listed $117,750 Greater Alabama MLS
• 2018-12-13 Sold (Public Records) $197,000 Public Records
• 2012-07-12 Sold (MLS) $30,000 Greater Alabama MLS
• 2012-06-06 Listed $32,000 Greater Alabama MLS
• 2012-05-31 Sold (Public Records) $92,149 Public Records
• 2006-08-24 Sold (Public Records) $96,000 Public Records
• 1982-09-25 Sold (Public Records) $43,053 Public Records
• 1978-08-01 Sold (Public Records) $35,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $1,689 · +0.0% YoY. Source: county tax records.