4317 Meridith St · Birmingham, AL 35207

$39,900

2 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 71 Days on market

Built 1937 Fair condition 5,227 sqft lot $40/sqft · 60% below area ↓ 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Schools +2.4/10.0
• Condition / age +2.2/5.0

Listing remarks

This 2-bedroom, 1.5-bath home offers an inviting layout of approximately 1,000 sq ft with a comfortable flow and strong potential for personalization. A welcoming rear deck extends the living space outdoors, creating the perfect setting for relaxing, entertaining, or future enhancements. Inside, the home provides a functional footprint that supports a variety of design visions, making it an excellent canvas for modern touches. Natural light, defined living areas, and a practical floorplan add to its appeal, while the overall structure presents a solid foundation for transformation.

Key facts

• Practical floorplan
• Solid foundation
• Rear deck

Tags

• REAR DECK
• DEFINED LIVING AREAS
• PRACTICAL FLOORPLAN
• SOLID FOUNDATION
• ESTABLISHED RESIDENTIAL AREA

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $40k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $514 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($987 rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 21.8% vs local median 6.1% 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.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Fultondale Elementary School (math 6% / reading 30%, grade F, #481 of 627 statewide, top 77%, 982 students, 49% FRL); Bragg Middle School (math 6% / reading 51%, grade F, #138 of 257 statewide, top 54%, 746 students, 53% FRL); Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 50% FRL track the district average.
• Market conditions: 50 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 47d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 89% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($276 loan paydown + $4k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $5k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1937 — 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 $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.47% ✓
• Cap rate: 21.75%
• Cash-on-cash: 55.21%
• DSCR: 3.46
• GRM: 3.4

CMA / ARV

• ARV (median comp): $99,950
• List price: $39,900
• Delta: -31.97%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2935 42nd Ave N	1.43mi	2/1.0	1,072 (+7%)	0mo	$8,000	$7	53
2912 41st Ave N	1.38mi	3/1.0 (+1)	1,036 (+4%)	6mo	$35,000	$34	49
2129 N 30th Ave	1.47mi	3/1.5 (+1)	1,042 (+4%)	10mo	$45,000	$43	42
477 W 37th Ter	1.10mi	3/1.0 (+1)	1,064 (+6%)	18mo	$9,000	$8	35
3120 24th St	1.35mi	3/1.0 (+1)	925 (-8%)	17mo	$50,000	$54	34
3731 1st Pl W	0.98mi	3/1.0 (+1)	1,215 (+22%)	5mo	$94,900	$78	31
509 37th Ave	1.24mi	3/1.0 (+1)	912 (-9%)	17mo	$75,000	$82	31
2312 32nd Ave	1.31mi	3/2.0 (+1)	1,102 (+10%)	13mo	$159,000	$144	28
2270 Smithfield Ln N	0.78mi	3/2.0 (+1)	1,226 (+23%)	6mo	$105,000	$86	26
4200 29th St N	1.32mi	3/1.5 (+1)	1,159 (+16%)	14mo	$30,000	$26	22
2808 38th Ave N	1.09mi	3/2.0 (+1)	1,176 (+18%)	12mo	$20,000	$17	21
1925 33rd Ave N	1.25mi	3/1.0 (+1)	1,156 (+16%)	18mo	$32,000	$28	20

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 68.1%
• Equity multiple: 5.88×
• Total profit: $54,475
• Equity at exit: $35,945

10-year hold

• IRR: 61.7%
• Equity multiple: 13.06×
• Total profit: $134,693
• Equity at exit: $77,517

Cash invested: $11,172 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 0 active · 1 under contract
• Months of supply: 0.0 mo

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35207

• Home prices YoY: 18.7%
• Active inventory: 50
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $987 high
• Mortgage (P&I): −$209
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $514

Break-even live

Break-even rent $336

Max offer price $39,900

Occupancy floor 43%

Sensitivity live

Price	-10% $537	-5% $525	+0% $514	+5% $503	+10% $491
Rent	-10% $436	-5% $475	+0% $514	+5% $553	+10% $592
Rate	-1.0pp $534	-0.5pp $524	base $514	+0.5pp $504	+1.0pp $493

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: $9,975
• Closing costs: $1,197
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2015 36th Ave N Birmingham, AL	3.0	1.0	1468	$1,190	$0.81	73d	1	1.01mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	93d	1	1.04mi
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$775	$0.65	46d	1	1.11mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	93d	1	1.17mi
2101 31st Ave N Unit 2101 B Birmingham, AL	2.0	1.0	700	$590	$0.84	17d	1	1.38mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	93d	1	1.40mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$900	$0.71	41d	1	1.40mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$900	$0.86	41d	1	1.45mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$950	$0.98	35d	1	1.46mi

Property features AI

Finance

• Other: Lot size approximately 0.12 acres
• Financial info: Property has down payment assistance available
• HOA & community: No association fee

Exterior

• Parking: Driveway parkingOff-street parking
• Utilities: Public waterSeptic systemElectric water heaterInternet availability unknown
• Home design: Existing structureSingle-story living (rooms listed at level 1)Subdivision: Birmingham
• Construction: Hardiplank sidingCrawl space foundation
• Exterior features: Front porchOpen deck

Interior

• Kitchen: Laminate countertopsGas stove
• Bedrooms: Two bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom and one half bathroom (main level)Tub/shower combo in bathroom
• Heating & cooling: Central heatingCentral air conditioningCeiling fans
• Interior features: Ceilings noted as 'Other (see remarks)'No special interior features listed
• Laundry & utility: No laundry details provided

Listing history 50 events

1. 2026-08-08
   days on market $39,900 Active 71 DOM
2. 2026-08-07
   days on market $39,900 Active 70 DOM
3. 2026-08-06
   days on market $39,900 Active 69 DOM
4. 2026-08-05
   days on market $39,900 Active 68 DOM
5. 2026-08-04
   days on market $39,900 Active 67 DOM
6. 2026-08-03
   days on market $39,900 Active 66 DOM
7. 2026-07-31
   days on market $39,900 Active 63 DOM
8. 2026-07-30
   days on market $39,900 Active 61 DOM
9. 2026-07-28
   days on market $39,900 Active 60 DOM
10. 2026-07-26
    days on market $39,900 Active 58 DOM
11. 2026-07-24
    days on market $39,900 Active 56 DOM
12. 2026-07-23
    days on market $39,900 Active 55 DOM
13. 2026-07-22
    days on market $39,900 Active 54 DOM
14. 2026-07-21
    days on market $39,900 Active 53 DOM
15. 2026-07-20
    days on market $39,900 Active 52 DOM
16. 2026-07-19
    days on market $39,900 Active 50 DOM
17. 2026-07-18
    days on market $39,900 Active 49 DOM
18. 2026-07-16
    days on market $39,900 Active 48 DOM
19. 2026-07-15
    days on market $39,900 Active 47 DOM
20. 2026-07-14
    days on market $39,900 Active 46 DOM
21. 2026-07-13
    days on market $39,900 Active 45 DOM
22. 2026-07-13
    days on market $39,900 Active 44 DOM
23. 2026-07-11
    days on market $39,900 Active 43 DOM
24. 2026-07-10
    days on market $39,900 Active 42 DOM
25. 2026-07-09
    days on market $39,900 Active 41 DOM
26. 2026-07-07
    days on market $39,900 Active 39 DOM
27. 2026-07-06
    days on market $39,900 Active 38 DOM
28. 2026-07-05
    days on market $39,900 Active 37 DOM
29. 2026-07-03
    days on market $39,900 Active 35 DOM
30. 2026-07-02
    days on market $39,900 Active 34 DOM
31. 2026-07-01
    days on market $39,900 Active 33 DOM
32. 2026-06-30
    days on market $39,900 Active 32 DOM
33. 2026-06-30
    pricestatus $39,900 Active 31 DOM
34. 2026-06-29
    days on market $44,900 Contingent 31 DOM
35. 2026-06-28
    days on market $44,900 Contingent 30 DOM
36. 2026-06-27
    days on market $44,900 Contingent 29 DOM
37. 2026-06-27
    days on market $44,900 Contingent 28 DOM
38. 2026-06-25
    days on market $44,900 Contingent 26 DOM
39. 2026-06-22
    days on market $44,900 Contingent 24 DOM
40. 2026-06-22
    statusdays on market $44,900 Contingent 23 DOM
41. 2026-06-18
    days on market $44,900 Active 20 DOM
42. 2026-06-17
    days on market $44,900 Active 19 DOM
43. 2026-06-16
    days on market $44,900 Active 18 DOM
44. 2026-06-15
    days on market $44,900 Active 17 DOM
45. 2026-06-13
    days on market $44,900 Active 15 DOM
46. 2026-06-10
    days on market $44,900 Active 12 DOM
47. 2026-06-09
    days on market $44,900 Active 11 DOM
48. 2026-06-08
    days on market $44,900 Active 10 DOM
49. 2026-06-07
    days on market $44,900 Active 9 DOM
50. 2026-06-03
    days on market $44,900 Active 5 DOM

ⓘ 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: $478 · $40/mo
• Projected year-2 tax: $478 · $40/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 ≥107°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 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,843
• − Mortgage interest: −$2,235
• − Property taxes: −$478
• − Insurance: −$200
• − Repairs & maintenance: −$947
• − Management: −$947
• − Depreciation: −$1,161
• Taxable income: $5,875
• Est. tax owed @ 24.0%: −$1,410
• After-tax cash flow: $4,758/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $25,000–$45,000 screening

This home requires significant repairs and maintenance, including a new roof, repainting, and updating the HVAC system and bathrooms. While it has potential, the current condition is holding it back from being a strong investment.

Components & finishes AI

Roof asphalt shingle · good Flooring wood Appliances white

Deferred maintenance Est. $3,000–$12,000 screening

• Minor Roof (roof) — No visible signs of damage or wear
• Minor Windows (windows) — No visible signs of damage or wear
• Minor Electrical (electrical) — No visible signs of damage or wear
• Minor Plumbing (plumbing) — No visible signs of damage or wear
• Minor Exterior (exterior) — No visible signs of damage or wear
• Minor Other — No visible signs of damage or wear

Repairs flagged

• Major roof — The roof appears to be in poor condition, with visible wear and tear.
• Major exterior siding — The exterior siding is peeling and in need of repainting.
• Major landscaping — The landscaping is overgrown and unkempt.
• Major bathrooms — The bathrooms appear to be in poor condition, with visible wear and tear.
• Major HVAC system — The HVAC system appears to be in poor condition, with visible wear and tear.

Value-add opportunities

• Resale paint exterior siding — Painting the exterior siding will improve the home's curb appeal and increase its resale value. ↑
• Rental repair and replace HVAC system — A functional HVAC system is essential for rental properties and will attract tenants. ↑
• Resale repair and replace bathrooms — Updating the bathrooms will improve the home's overall condition and increase its resale value. ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 24/100

Zoned Schools

Elementary Fultondale Elementary School F AL #481/627 Nat'l #34,815/41,679 Middle Bragg Middle School F AL #138/257 Nat'l #9,410/14,009 High Gardendale High School F AL #118/305 Nat'l #12,478/17,239

Schools (NCES district)

• District: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

C Composite livability gradescore 67/100

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

• County: Jefferson · 669,185 people
• City population: 210,422
• Metro: Birmingham, AL
• Population (ZIP): 6,824
• Household income: $28,672
• Rent vs Own: 49.0% rent · 51.0% own
• Severe rent burden: 18% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 1%

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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: ▲ 35.95%
• Current HPI: 228.5664
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• Other: Lot size approximately 0.12 acres
• Financial info: Property has down payment assistance available
• HOA & community: No association fee

Exterior

• Parking: Driveway parkingOff-street parking
• Utilities: Public waterSeptic systemElectric water heaterInternet availability unknown
• Home design: Existing structureSingle-story living (rooms listed at level 1)Subdivision: Birmingham
• Construction: Hardiplank sidingCrawl space foundation
• Exterior features: Front porchOpen deck

Interior

• Kitchen: Laminate countertopsGas stove
• Bedrooms: Two bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom and one half bathroom (main level)Tub/shower combo in bathroom
• Heating & cooling: Central heatingCentral air conditioningCeiling fans
• Interior features: Ceilings noted as 'Other (see remarks)'No special interior features listed
• Laundry & utility: No laundry details provided

Price history

-38.6% since first listed

8 events — show timeline

• 2026-06-30 Price Changed $39,900 Greater Alabama MLS
• 2026-06-30 Relisted — Greater Alabama MLS
• 2026-06-19 Contingent — Greater Alabama MLS
• 2026-05-28 Listed $44,900 Greater Alabama MLS
• 2026-05-22 Pending — WAMLS
• 2026-05-19 Price Changed $68,000 WAMLS
• 2026-03-26 Listed $70,000 WAMLS
• 2025-09-19 Listed $65,000 WAMLS

Property tax history

+3.8%/yr

Latest (2025): $478 · +0.0% YoY. Source: county tax records.