1426 30th St N · Birmingham, AL 35234

$109,500

5 bd · 1.0 ba · 2,582 sqft · SingleFamily public records · 41 Days on market

Built 1930 0.44 ac lot Est $183k · 40% under ↓ 39% since listing

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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 +26.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +6.9/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.1/10.0

Listing remarks MLS

Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

Key facts

• Large windows
• Hardwood flooring
• Multiple fireplaces

Tags

• MULTIPLE STAIRCASES
• MULTIPLE FIREPLACES
• HIGH CEILINGS
• LARGE WINDOWS
• HARDWOOD FLOORING

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $305 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $106k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.6% 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: Norwood Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 249 students, 71% FRL).
• Market conditions: 54 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $757 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 $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 1930 — expect roof / HVAC / electrical / plumbing capex.
• 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 $106,215 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 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 1930 — 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: 1.19% ✓
• Cap rate: 9.63%
• Cash-on-cash: 11.92%
• DSCR: 1.53
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $183,322
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1305 31st St N	0.21mi	5/2.0	2,357 (-9%)	2mo	$285,000	$121	70
1300 33rd St N	0.33mi	6/2.0 (+1)	2,420 (-6%)	7mo	$100,000	$41	60
1230 32nd St N	0.27mi	5/2.5	2,352 (-9%)	22mo	$255,000	$108	48
1504 34th St N	0.34mi	4/1.5 (-1)	2,784 (+8%)	20mo	$175,000	$63	47
1421 33rd St	0.31mi	4/4.5 (-1)	2,880 (+12%)	2mo	$205,000	$71	46
2231 14th Ave N	0.64mi	5/2.5	2,770 (+7%)	9mo	$107,000	$39	45

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 1.4%
• Equity multiple: 1.05×
• Total profit: $1,660
• Equity at exit: $16,327

10-year hold

• IRR: 11.0%
• Equity multiple: 1.86×
• Total profit: $26,426
• Equity at exit: $9,468

Cash invested: $30,660 (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 35234

• Home prices YoY: -3.8%
• Active inventory: 54
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,300 medium
• Mortgage (P&I): −$574
• Tax from tax record: −$102 /mo · $1,230/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $305

Break-even live

Break-even rent $914

Max offer price $109,500

Occupancy floor 72%

Sensitivity live

Price	-10% $367	-5% $336	+0% $305	+5% $274	+10% $243
Rent	-10% $202	-5% $253	+0% $305	+5% $356	+10% $407
Rate	-1.0pp $360	-0.5pp $333	base $305	+0.5pp $276	+1.0pp $247

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: $27,375
• Closing costs: $3,285
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2223 28th St N Birmingham, AL	4.0	2.0	1836	$1,300	$0.71	44d	1	0.65mi
1430 19th St N Birmingham, AL	5.0	2.0	1976	$1,300	$0.66	44d	1	1.01mi

Listing history 9 events

1. 2026-02-21
   status Pending
2. 2026-01-09
   listed $109,500 Active
3. 2024-03-01
   soldstatus $200,000
4. 2024-02-29
   soldstatus $135,000 Sold 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

5. 2024-02-09
   status Pending 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

6. 2023-12-09
   price $159,900 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

7. 2023-11-29
   status Active 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

8. 2023-10-18
   status Pending 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

9. 2023-10-03
   listed $179,000 Active 941-char remark

   Show marketing remark (941 chars)

   Located in the historical district of Norwood, this home is the perfect opportunity to restore, entertain, and invest in the future. Located just a stones throw from Uptown, with more future development on the way. A large covered front porch is just the beginning of what's in store. At the entrance to this Southern Style home, one cannot help but notice the symmetry of detail: an abundance of large windows, high ceilings with exposed beams, hardwood flooring, and wide baseboards. A brick fireplace encompasses built-in bookcases. Immediately to your right are French doors leading to what was probably an alternate gathering room. A wide staircase leads to three bedrooms and another full bath. A pajama staircase located at the rear, takes you back down to the kitchen and from there to the cellar. Included with sell, is an adjoining lot with a second driveway to accommodate endless possibilities. Invest now, before it is too late!

ⓘ 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: $1,230 · $102/mo
• Projected year-2 tax: $1,230 · $102/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,600
• − Mortgage interest: −$6,134
• − Property taxes: −$1,230
• − Insurance: −$548
• − Repairs & maintenance: −$1,248
• − Management: −$1,248
• − Depreciation: −$3,185
• Taxable income: $2,008
• Est. tax owed @ 24.0%: −$482
• After-tax cash flow: $3,174/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
• City population: 210,422
• Population (ZIP): 3,828

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 (80%)
• Race & ethnicity: Black 80% White 15% Hispanic / Latino 3% Two or more races 1%
• Common ancestry: Slovak 1% Romanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

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: ▼ -9.89%
• Current HPI: 250.4724
• Rent YoY: —
• Metro: —
• 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

-38.8% since first listed

9 events — show timeline

• 2026-02-21 Pending — Greater Alabama MLS
• 2026-01-09 Listed $109,500 Greater Alabama MLS
• 2024-03-01 Sold (Public Records) $200,000 Public Records
• 2024-02-29 Sold (MLS) $135,000 Greater Alabama MLS
• 2024-02-09 Pending — Greater Alabama MLS
• 2023-12-09 Price Changed $159,900 Greater Alabama MLS
• 2023-11-29 Relisted — Greater Alabama MLS
• 2023-10-18 Pending — Greater Alabama MLS
• 2023-10-03 Listed $179,000 Greater Alabama MLS

Property tax history

+2.2%/yr

Latest (2025): $1,230 · +4.2% YoY. Source: county tax records.