1124 Dogwood Ln · Birmingham, AL 35215

$99,900

3 bd · 1.0 ba · 1,010 sqft · SingleFamily public records · 57 Days on market

Built 1956 0.27 ac lot $99/sqft · 26% below area Est $134k · 26% under

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Why this score? — see what drove the B 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.0/10.0
• 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 3-bedroom, 1-bath home presents a great opportunity to create something truly special. Featuring a functional layout with comfortable living spaces, the property offers a solid starting point for personalization and design. A convenient carport provides covered parking, while the spacious rear deck is ideal for outdoor entertaining, relaxing evenings, or future enhancements. The lot offers ample space to expand or elevate the outdoor setting to suit your vision. Inside, the home showcases classic elements ready to be refreshed and reimagined, making it an excellent option for those looking to add value over time. Whether you're an investor or a buyer with an eye for potential, this property offers a promising canvas in an established setting with room to make it your own.

Key facts

• Classic elements
• Carport
• Rear deck

Tags

• CARPORT
• REAR DECK
• CLASSIC ELEMENTS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $341 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% 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); 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 $691 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $96,903 (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 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: 1.30% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.65%
• DSCR: 1.65
• GRM: 6.4

CMA / ARV

• ARV (median comp): $134,219
• List price: $99,900
• Delta: -25.57%
• 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
508 Camellia Rd	0.28mi	3/1.0	1,048 (+4%)	6mo	$20,000	$19	75
936 Parkway Dr	0.50mi	2/1.0 (-1)	1,062 (+5%)	3mo	$104,500	$98	61
421 Wedgeworth Rd	0.47mi	3/1.5	1,092 (+8%)	2mo	$116,400	$107	61
1209 Rose Lynn Ln	0.65mi	3/1.0	1,080 (+7%)	0mo	$150,000	$139	58
1153 Linwood St	0.55mi	3/1.0	1,068 (+6%)	10mo	$75,500	$71	56
1317 5th Pl NW	0.69mi	3/1.0	1,086 (+8%)	1mo	$92,500	$85	54
808 Meadowbrook Dr	0.69mi	3/1.0	1,112 (+10%)	1mo	$149,900	$135	50
1316 Glenwood St	0.68mi	2/2.0 (-1)	1,024 (+1%)	9mo	$130,000	$127	49
424 13th Ct NW	0.73mi	3/1.0	1,118 (+11%)	1mo	$92,500	$83	47
940 Meadowbrook Dr	0.43mi	4/1.0 (+1)	1,149 (+14%)	6mo	$108,000	$94	47
308 13th Ave NW	0.65mi	3/1.0	1,144 (+13%)	7mo	$87,500	$76	42
409 13th Ct NW	0.72mi	3/1.5	1,118 (+11%)	6mo	$98,672	$88	42

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $5,631
• Equity at exit: $14,895

10-year hold

• IRR: 14.7%
• Equity multiple: 2.19×
• Total profit: $33,196
• Equity at exit: $8,638

Cash invested: $27,972 (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: 6.4×

Monthly cashflow live

• Estimated rent: $1,302 high
• Mortgage (P&I): −$524
• Tax from tax record: −$122 /mo · $1,463/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $341

Break-even live

Break-even rent $870

Max offer price $99,900

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	11d	1	0.09mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	15d	1	0.27mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	0.31mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	43d	1	0.44mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.49mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.50mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	14d	1	0.53mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	43d	1	0.53mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	43d	1	0.53mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	2d	1	0.56mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	1d	1	0.58mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	0.59mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	0.60mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	0.60mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	23d	1	0.61mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	3d	1	0.63mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	43d	1	0.64mi
1305 5th Pl NW Center Point, AL	3.0	2.0	1092	$1,200	$1.10	43d	1	0.65mi
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	43d	1	0.66mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	43d	1	0.67mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	15d	1	0.72mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.72mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.73mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	43d	1	0.75mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	23d	1	0.76mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	0.79mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	23d	1	0.79mi
1356 5th Pl NW Center Point, AL	3.0	1.0	1064	$1,105	$1.04	43d	1	0.81mi
628 Annie Laura Dr Birmingham, AL	3.0	1.0	844	$1,195	$1.42	43d	1	0.90mi
621 15th Ave NW Birmingham, AL	4.0	2.0	1070	$1,200	$1.12	15d	1	0.95mi
837 Wear Dr Birmingham, AL	3.0	2.0	936	$1,295	$1.38	1d	1	0.97mi
500 15th Ave NW Center Point, AL	3.0	1.0	1079	$1,050	$0.97	2d	1	0.98mi
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	21d	1	0.99mi
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	1d	1	1.03mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	43d	1	1.09mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	43d	1	1.09mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	43d	1	1.10mi
252 Meadowdale Ave Birmingham, AL	3.0	1.0	920	$995	$1.08	43d	1	1.13mi
769 15th Ct NW Birmingham, AL	3.0	1.5	1130	$1,310	$1.16	11d	1	1.14mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	43d	1	1.14mi

Listing history 19 events

1. 2026-06-18
   days on market $99,900 Active 57 DOM
2. 2026-06-17
   days on market $99,900 Active 56 DOM
3. 2026-06-16
   days on market $99,900 Active 55 DOM
4. 2026-06-15
   days on market $99,900 Active 54 DOM
5. 2026-06-13
   days on market $99,900 Active 52 DOM
6. 2026-06-10
   days on market $99,900 Active 49 DOM
7. 2026-06-09
   days on market $99,900 Active 48 DOM
8. 2026-06-08
   days on market $99,900 Active 47 DOM
9. 2026-06-07
   days on market $99,900 Active 46 DOM
10. 2026-06-03
    days on market $99,900 Active 42 DOM
11. 2026-06-02
    days on market $99,900 Active 41 DOM
12. 2026-06-01
    days on market $99,900 Active 40 DOM
13. 2026-05-31
    days on market $99,900 Active 39 DOM
14. 2026-04-21
    listed $99,900 Active 787-char remark

    Show marketing remark (787 chars)

    This 3-bedroom, 1-bath home presents a great opportunity to create something truly special. Featuring a functional layout with comfortable living spaces, the property offers a solid starting point for personalization and design. A convenient carport provides covered parking, while the spacious rear deck is ideal for outdoor entertaining, relaxing evenings, or future enhancements. The lot offers ample space to expand or elevate the outdoor setting to suit your vision. Inside, the home showcases classic elements ready to be refreshed and reimagined, making it an excellent option for those looking to add value over time. Whether you're an investor or a buyer with an eye for potential, this property offers a promising canvas in an established setting with room to make it your own.

15. 2025-12-19
    soldstatus $951,400
16. 2018-10-25
    soldstatus $148,000
17. 2015-01-02
    soldstatus $34,000 59-char remark

    Show marketing remark (59 chars)

    Buyers are responsible for rekey of property after closing.

18. 2014-11-19
    listed $30,000 59-char remark

    Show marketing remark (59 chars)

    Buyers are responsible for rekey of property after closing.

19. 2010-01-27
    soldstatus $64,900

ⓘ 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: $1,463 · $122/mo
• Projected year-2 tax: $1,463 · $122/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 6/10 Major 7 d/yr ≥106°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: $15,629
• − Mortgage interest: −$5,596
• − Property taxes: −$1,463
• − Insurance: −$500
• − Repairs & maintenance: −$1,250
• − Management: −$1,250
• − Depreciation: −$2,906
• Taxable income: $2,664
• Est. tax owed @ 24.0%: −$639
• After-tax cash flow: $3,458/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

+53.9% since first listed

6 events — show timeline

• 2026-04-21 Listed $99,900 Greater Alabama MLS
• 2025-12-19 Sold (Public Records) $951,400 Public Records
• 2018-10-25 Sold (Public Records) $148,000 Public Records
• 2015-01-02 Sold (MLS) $34,000 Greater Alabama MLS
• 2014-11-19 Listed $30,000 Greater Alabama MLS
• 2010-01-27 Sold (Public Records) $64,900 Public Records

Property tax history

+11.0%/yr

Latest (2025): $1,463 · +0.0% YoY. Source: county tax records.