321 E Haven Dr · Birmingham, AL 35215

$119,900

3 bd · 1.5 ba · 1,056 sqft · SingleFamily public records · 52 Days on market

Built 1968 0.29 ac lot $114/sqft · 26% above area Est $117k · at est. ↓ 7% since listing

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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 +22.1/30.0
• DSCR +7.1/10.0
• ARV discount +6.3/15.0
• 1% rule +5.5/10.0
• 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

ATTENTION BUYERS - Seller is paying all closing cost and rate buy down with acceptable offer!! $0 Down payment for qualified Buyers, VA buyers $0 down payment and no PMI, FHA BUYERs down payment as low as $4500. Monthly Payments could be as low as $997!! That is less than rent and you own your own to start building equity with very little up front out pocket cost. Home was recently renovated in 2021 and is move in ready!! Full unfinished basement could easily be turned into a 2nd family room or additional bedrooms and bathroom could be added!! Let this be the start to home ownership!! Schedule your showings today!!

Key facts

• 0.29 acre lot
• Built 1968
• Listed 52 days

Property features AI

Finance

• Financial info: Has down payment assistance
• HOA & community: No association fee

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Internet service available
• Home design: Existing/established home; Not a tri-level, split level, or split foyer; Located in the FERNWOOD minor subdivision
• Construction: Siding-Other exterior; Basement foundation; Concrete block basement construction
• Exterior features: Porch; Open deck; No pool; No patio; No garden/patio; Not waterfront; Property accessed by public road

Interior

• Kitchen: Dishwasher (built-in); Built-in microwave; Electric oven; Refrigerator; Some stainless appliances; Stone countertops; Eating area
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Hardwood floors
• Bathrooms: Two full bathrooms; Separate shower and tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Hardwood floors; Full unfinished basement (concrete block foundation); Eating area in kitchen; Stone kitchen countertops; No additional built-in interior features listed
• Laundry & utility: Main-level laundry; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 $829 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 52 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; 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 $116,303 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1968 — 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: 1.05% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.91%
• DSCR: 1.31
• GRM: 7.9

CMA / ARV

• ARV (median comp): $116,692
• List price: $119,900
• Delta: 2.75%
• 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
341 Argonne Dr NE	0.16mi	3/1.0	1,040 (-2%)	3mo	$94,000	$90	85
1513 Bobolink Ln NE	0.06mi	3/1.0	989 (-6%)	19mo	$95,000	$96	69
232 Navajo Trl	0.48mi	3/1.5	1,000 (-5%)	8mo	$116,500	$117	62
1640 1st St NE	0.60mi	3/1.0	1,090 (+3%)	4mo	$105,000	$96	62
1443 Lake Ln NE	0.21mi	3/1.0	979 (-7%)	18mo	$60,000	$61	61
544 Argonne Dr NE	0.43mi	3/2.0	1,085 (+3%)	15mo	$160,000	$147	61
1720 2nd St NE	0.62mi	3/1.5	1,099 (+4%)	4mo	$65,000	$59	60
404 Angora Dr	0.18mi	3/1.0	920 (-13%)	11mo	$105,000	$114	59
443 Argonne Dr	0.34mi	3/2.0	1,172 (+11%)	10mo	$142,500	$122	56
1136 Rainbow Dr	0.57mi	3/2.0	1,025 (-3%)	22mo	$86,500	$84	48
1116 Cheyenne Blvd	0.64mi	3/1.5	1,025 (-3%)	20mo	$100,000	$98	48
125 16th Court Cir NE	0.45mi	3/1.0	900 (-15%)	10mo	$75,000	$83	44

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: -5.7%
• Equity multiple: 0.79×
• Total profit: $-7,070
• Equity at exit: $17,877

10-year hold

• IRR: 4.0%
• Equity multiple: 1.30×
• Total profit: $9,905
• Equity at exit: $10,367

Cash invested: $33,572 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,258 high
• Mortgage (P&I): −$629
• Tax from tax record: −$122 /mo · $1,464/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $193

Break-even live

Break-even rent $1,014

Max offer price $119,900

Occupancy floor 80%

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: $29,975
• Closing costs: $3,597
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	0.11mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	0.13mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	0.16mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	0.19mi
224 13th Ave NE Birmingham, AL	3.0	1.5	1213	$1,273	$1.05	21d	1	0.30mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	23d	1	0.32mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	23d	1	0.36mi
1541 Charter East Cir NE Birmingham, AL	1.0–2.0	1.0–1.5	807	$1,095	$1.36	2d	8	0.42mi
1628 1st St NE Center Point, AL	3.0	1.0	1027	$1,165	$1.13	44d	1	0.55mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	0.61mi
1629 1st St NW Center Point, AL	3.0	1.0	900	$1,025	$1.14	23d	1	0.71mi
1628 1st St NW Center Point, AL	3.0	1.0	1124	$1,150	$1.02	44d	1	0.74mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	0.82mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	0.91mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	23d	1	0.94mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	23d	1	0.96mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	1d	1	0.97mi
925 Eldorado Dr Birmingham, AL	3.0	1.0	1312	$1,231	$0.94	44d	1	0.98mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.98mi
1237 Linwood St Birmingham, AL	3.0	1.5	1066	$995	$0.93	44d	1	0.99mi
113 19th Ave NW Center Point, AL	3.0	2.0	1407	$1,250	$0.89	11d	1	1.01mi
120 Shawnee Ln NW Birmingham, AL	3.0	1.0	1120	$1,075	$0.96	44d	1	1.02mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	3d	1	1.03mi
434 15th Ter NW Center Point, AL	3.0	2.0	1053	$1,200	$1.14	44d	1	1.05mi
1225 Birchwood St Birmingham, AL	3.0	2.0	1092	$1,175	$1.08	3d	1	1.05mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	44d	1	1.07mi
107 Sterling Ct NW Center Point, AL	2.0	1.5–2.0	1026	$1,062	$1.04	3d	4	1.07mi
1516 Highland Dr Birmingham, AL	4.0	2.0	1104	$1,675	$1.52	14d	1	1.07mi
1905 2nd St NW Center Point, AL	3.0	1.0	1258	$1,395	$1.11	44d	1	1.09mi
405 18th Ave NW Center Point, AL	3.0	2.0	1162	$1,299	$1.12	44d	1	1.10mi
123 21st Ave NE Center Point, AL	2.0	1.0	850	$800	$0.94	44d	1	1.11mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	1.13mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	1.16mi
124 21st Ave NE Unit 202 Center Point, AL	2.0	1.0	830	$750	$0.90	16d	1	1.16mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	23d	1	1.17mi
1700 4th Pl NW Center Point, AL	3.0	1.0	914	$1,075	$1.18	23d	1	1.17mi
400 13th Ave NW Birmingham, AL	2.0	1.0	1100	$890	$0.81	44d	1	1.17mi
1712 4th Pl NW Center Point, AL	3.0	1.0	1182	$1,150	$0.97	23d	1	1.18mi
1333 5th Pl NW Center Point, AL	3.0	2.0	1056	$1,275	$1.21	44d	1	1.19mi
837 Wear Dr Birmingham, AL	3.0	2.0	936	$1,295	$1.38	2d	1	1.20mi

Listing history 15 events

1. 2026-06-18
   days on market $119,900 Active 52 DOM
2. 2026-06-17
   days on market $119,900 Active 51 DOM
3. 2026-06-16
   days on market $119,900 Active 50 DOM
4. 2026-06-15
   days on market $119,900 Active 49 DOM
5. 2026-06-13
   days on market $119,900 Active 47 DOM
6. 2026-06-10
   days on market $119,900 Active 44 DOM
7. 2026-06-09
   days on market $119,900 Active 43 DOM
8. 2026-06-08
   days on market $119,900 Active 42 DOM
9. 2026-06-07
   days on market $119,900 Active 41 DOM
10. 2026-06-03
    days on market $119,900 Active 37 DOM
11. 2026-06-02
    days on market $119,900 Active 36 DOM
12. 2026-06-01
    days on market $119,900 Active 35 DOM
13. 2026-05-31
    days on market $119,900 Active 34 DOM
14. 2026-05-12
    price $126,000 622-char remark
15. 2026-04-27
    listed $129,000 Active 622-char remark

ⓘ 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: $1,464 · $122/mo
• Projected year-2 tax: $1,464 · $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 6/10 Major FEMA zone X (unshaded) · 69% 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: $15,099
• − Mortgage interest: −$6,716
• − Property taxes: −$1,464
• − Insurance: −$600
• − Repairs & maintenance: −$1,208
• − Management: −$1,208
• − Depreciation: −$3,488
• Taxable income: $414
• Est. tax owed @ 24.0%: −$99
• After-tax cash flow: $2,219/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

-7.1% since first listed

4 events — show timeline

• 2026-05-29 Price Changed $119,900 Greater Alabama MLS
• 2026-05-20 Price Changed $124,500 Greater Alabama MLS
• 2026-05-12 Price Changed $126,000 Greater Alabama MLS
• 2026-04-27 Listed $129,000 Greater Alabama MLS

Property tax history

+4.4%/yr

Latest (2025): $1,464 · +0.0% YoY. Source: county tax records.