1005 Tammy Anne Dr · Birmingham, AL 35235

$175,000

3 bd · 2.0 ba · 1,814 sqft · SingleFamily public records · 279 Days on market

Built 1967 0.36 ac lot $96/sqft · 15% below area Est $205k · 15% 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 +18.3/30.0
• ARV discount +14.1/15.0
• DSCR +5.8/10.0
• 1% rule +4.1/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming and well-maintained 3-bedroom, 2-bath brick home in the established Spring Lake community—now refreshed and ready for its next owner! This property offers a spacious and functional layout with endless possibilities. The basement provides flexible bonus space perfect for a media room, home gym, office, or your own personal retreat. Whether you’re a first-time buyer, growing family, or investor, this home delivers both comfort and opportunity. Updates add peace of mind, including a roof replaced in 2019 and bathroom renovations (Re-Bath), window replacement, giving a modern touch to key areas of the home. Step outside and discover even more potential—the property extends beyond the retaining wall, offering additional land that can be cleared and customized to fit your needs. With its solid construction, low-maintenance exterior, and convenient location, this home is a smart buy with room to make it your own.

Key facts

• 0.36 acre lot
• 2 garage spots
• Built 1967

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $162 ($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 $159k (9.1% below list).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.

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 fast (+5.4%/yr); 114 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 30% of the median local income ($63k/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 $1k of loan paydown is wiped out by about $5k 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 279 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $103k; list at $175k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 279 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 1967 — 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: 0.91% ✗
• Cap rate: 7.40%
• Cash-on-cash: 3.96%
• DSCR: 1.18
• GRM: 9.2

CMA / ARV

• ARV (median comp): $205,099
• List price: $175,000
• Delta: -14.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1320 Pine Tree Dr	0.29mi	3/2.0	1,891 (+4%)	2mo	$210,900	$112	78
1421 Hickory Ln	0.14mi	3/2.0	1,692 (-7%)	5mo	$182,500	$108	78
823 Sunny Lane Dr	0.40mi	3/2.0	1,842 (+2%)	6mo	$179,000	$97	74
1416 Brewster Cir	0.43mi	3/2.0	1,662 (-8%)	2mo	$155,000	$93	65
1524 Highland Dr	0.37mi	3/2.0	1,972 (+9%)	6mo	$240,000	$122	63
1420 Oak Ter	0.26mi	3/2.0	2,057 (+13%)	3mo	$244,250	$119	63
1429 Hickory Ln	0.16mi	3/2.0	2,061 (+14%)	11mo	$225,000	$109	61
1437 Ware Blvd	0.44mi	3/2.0	2,000 (+10%)	5mo	$225,000	$113	59
1641 Azalea Dr	0.62mi	4/2.0 (+1)	1,728 (-5%)	3mo	$169,000	$98	56
1713 Serene Cir	0.70mi	4/2.0 (+1)	1,785 (-2%)	8mo	$185,000	$104	53
1144 Ware Blvd	0.71mi	3/2.0	1,989 (+10%)	2mo	$245,000	$123	49
1500 Cedargate Cir	0.55mi	3/3.5	2,057 (+13%)	8mo	$258,000	$125	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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: -7.7%
• Equity multiple: 0.71×
• Total profit: $-14,189
• Equity at exit: $26,093

10-year hold

• IRR: 4.5%
• Equity multiple: 1.36×
• Total profit: $17,598
• Equity at exit: $15,131

Cash invested: $49,000 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$918
• Tax from tax record: −$105 /mo · $1,255/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $162

Break-even live

Break-even rent $1,386

Max offer price $175,000

Occupancy floor 85%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1409 Medina Ln Birmingham, AL	3.0	2.0	2113	$1,600	$0.76	43d	1	0.06mi
940 Pine Hill Rd Birmingham, AL	3.0	2.0	1926	$1,475	$0.77	43d	1	0.09mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	1d	1	0.20mi
744 Vaughn Cir Birmingham, AL	4.0	2.0	1516	$1,561	$1.03	23d	1	0.20mi
1328 Oak Ter Birmingham, AL	3.0	2.0	1772	$1,581	$0.89	11d	1	0.26mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	23d	1	0.45mi
1235 Little Brook Ln Birmingham, AL	3.0	2.0	1787	$2,400	$1.34	43d	1	0.46mi
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	1d	1	0.48mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	23d	1	0.53mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	1d	1	0.64mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	1d	1	0.67mi
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	3d	1	0.73mi
1761 Big Mountain Dr Birmingham, AL	4.0	2.0	1632	$1,575	$0.97	44d	1	0.73mi
236 E Haven Dr Birmingham, AL	3.0	1.5	1926	$1,495	$0.78	11d	1	0.87mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	1d	1	0.88mi
1317 Hatfield Ln Birmingham, AL	3.0	1.5	2028	$1,300	$0.64	23d	1	0.93mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	1.04mi
1733 Molly Dr Birmingham, AL	4.0	1.5	1570	$1,460	$0.93	10d	1	1.04mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	43d	1	1.06mi
1037 Dawn Dr Birmingham, AL	4.0	1.0	1532	$1,295	$0.85	11d	1	1.10mi
933 Edwards Lake Rd Birmingham, AL	3.0	2.0	1684	$1,360	$0.81	3d	1	1.12mi
901 Eldorado Dr Birmingham, AL	4.0	2.0	1680	$1,415	$0.84	14d	1	1.14mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	2d	1	1.21mi
1808 Brewster Rd Birmingham, AL	4.0	2.0	1548	$1,515	$0.98	43d	1	1.23mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	43d	1	1.29mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	43d	1	1.41mi
1760 Sonia Dr Birmingham, AL	3.0	2.0	1550	$1,635	$1.05	1d	1	1.44mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	43d	1	1.46mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	1.46mi

Listing history 18 events

1. 2026-06-18
   days on market $175,000 Active 279 DOM
2. 2026-06-17
   days on market $175,000 Active 278 DOM
3. 2026-06-16
   days on market $175,000 Active 277 DOM
4. 2026-06-15
   days on market $175,000 Active 276 DOM
5. 2026-06-13
   days on market $175,000 Active 274 DOM
6. 2026-06-10
   days on market $175,000 Active 271 DOM
7. 2026-06-09
   days on market $175,000 Active 270 DOM
8. 2026-06-08
   days on market $175,000 Active 269 DOM
9. 2026-06-07
   days on market $175,000 Active 268 DOM
10. 2026-06-03
    days on market $175,000 Active 264 DOM
11. 2026-06-02
    days on market $175,000 Active 263 DOM
12. 2026-06-01
    days on market $175,000 Active 262 DOM
13. 2026-05-31
    days on market $175,000 Active 261 DOM
14. 2026-05-14
    price $175,000 962-char remark

    Show marketing remark (962 chars)

    Welcome to this charming and well-maintained 3-bedroom, 2-bath brick home in the established Spring Lake community—now refreshed and ready for its next owner! This property offers a spacious and functional layout with endless possibilities. The basement provides flexible bonus space perfect for a media room, home gym, office, or your own personal retreat. Whether you’re a first-time buyer, growing family, or investor, this home delivers both comfort and opportunity. Updates add peace of mind, including a roof replaced in 2019 and bathroom renovations (Re-Bath), window replacement, giving a modern touch to key areas of the home. Step outside and discover even more potential—the property extends beyond the retaining wall, offering additional land that can be cleared and customized to fit your needs. With its solid construction, low-maintenance exterior, and convenient location, this home is a smart buy with room to make it your own.

15. 2025-11-01
    price $185,000 962-char remark

    Show marketing remark (962 chars)

    Welcome to this charming and well-maintained 3-bedroom, 2-bath brick home in the established Spring Lake community—now refreshed and ready for its next owner! This property offers a spacious and functional layout with endless possibilities. The basement provides flexible bonus space perfect for a media room, home gym, office, or your own personal retreat. Whether you’re a first-time buyer, growing family, or investor, this home delivers both comfort and opportunity. Updates add peace of mind, including a roof replaced in 2019 and bathroom renovations (Re-Bath), window replacement, giving a modern touch to key areas of the home. Step outside and discover even more potential—the property extends beyond the retaining wall, offering additional land that can be cleared and customized to fit your needs. With its solid construction, low-maintenance exterior, and convenient location, this home is a smart buy with room to make it your own.

16. 2025-09-12
    listed $195,000 Active 962-char remark

    Show marketing remark (962 chars)

    Welcome to this charming and well-maintained 3-bedroom, 2-bath brick home in the established Spring Lake community—now refreshed and ready for its next owner! This property offers a spacious and functional layout with endless possibilities. The basement provides flexible bonus space perfect for a media room, home gym, office, or your own personal retreat. Whether you’re a first-time buyer, growing family, or investor, this home delivers both comfort and opportunity. Updates add peace of mind, including a roof replaced in 2019 and bathroom renovations (Re-Bath), window replacement, giving a modern touch to key areas of the home. Step outside and discover even more potential—the property extends beyond the retaining wall, offering additional land that can be cleared and customized to fit your needs. With its solid construction, low-maintenance exterior, and convenient location, this home is a smart buy with room to make it your own.

17. 2025-09-12
    historical $195,000 962-char remark

    Show marketing remark (962 chars)

    Welcome to this charming and well-maintained 3-bedroom, 2-bath brick home in the established Spring Lake community—now refreshed and ready for its next owner! This property offers a spacious and functional layout with endless possibilities. The basement provides flexible bonus space perfect for a media room, home gym, office, or your own personal retreat. Whether you’re a first-time buyer, growing family, or investor, this home delivers both comfort and opportunity. Updates add peace of mind, including a roof replaced in 2019 and bathroom renovations (Re-Bath), window replacement, giving a modern touch to key areas of the home. Step outside and discover even more potential—the property extends beyond the retaining wall, offering additional land that can be cleared and customized to fit your needs. With its solid construction, low-maintenance exterior, and convenient location, this home is a smart buy with room to make it your own.

18. 2006-12-27
    soldstatus $103,397

ⓘ 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: $1,255 · $105/mo
• Projected year-2 tax: $1,255 · $105/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 5/10 Major 7 d/yr ≥105°F today · 18 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: $19,092
• − Mortgage interest: −$9,803
• − Property taxes: −$1,255
• − Insurance: −$875
• − Repairs & maintenance: −$1,527
• − Management: −$1,527
• − Depreciation: −$5,091
• Taxable loss: −$986
• Est. tax savings @ 24.0%: +$237
• After-tax cash flow: $2,177/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): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+69.3% since first listed

5 events — show timeline

• 2026-05-14 Price Changed $175,000 Greater Alabama MLS
• 2025-11-01 Price Changed $185,000 Greater Alabama MLS
• 2025-09-12 Listed $195,000 Greater Alabama MLS
• 2025-09-12 Coming Soon $195,000 Greater Alabama MLS
• 2006-12-27 Sold (Public Records) $103,397 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,255 · +7.3% YoY. Source: county tax records.