4317 Meridith St · Birmingham, AL 35207

$44,900

2 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 20 Days on market

Built 1937 5,227 sqft lot $45/sqft · 55% below area ↓ 31% since listing

---

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
• Condition / age +2.5/5.0
• Schools +1.8/10.0

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. Located in North Birmingham within an established residential area known for steady activity and a mix of long

Key facts

• Practical floorplan
• Solid foundation
• Rear deck

Tags

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

Property features AI

Finance

• Other: Lot size approximately 0.12 acres; Flood plain: No
• Financial info: No additional financial details provided
• HOA & community: No association fees

Exterior

• Parking: Driveway parking; Off-street parking
• Security: No specific security features listed
• Utilities: Public water; Septic sewage; Electric water heater; Ceiling fans noted as energy/green feature; Internet availability unknown
• Home design: Existing property; Siding (Hardiplank) exterior; Crawl space foundation
• Construction: Hardiplank siding
• Exterior features: Porch; Open deck; No patio, no pool, no garden view, not waterfront

Interior

• Kitchen: Laminate countertops; Gas stove
• Bedrooms: Two bedrooms on main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom; One half bathroom; Tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings noted as 'Other (See Remarks)'; No attic, loft, split level, split foyer, or tri-level; No additional interior features listed
• Laundry & utility: No laundry details provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $557 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.2% 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.
• 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); Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: 42 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($310 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 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 $44,226 (1.5% below list)

Questions for the listing agent

1. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.40% ✓
• Cap rate: 21.19%
• Cash-on-cash: 53.19%
• DSCR: 3.37
• GRM: 3.5

CMA / ARV

• ARV (median comp): $99,950
• List price: $44,900
• Delta: -31.97%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2228 Belmore Ln	0.50mi	3/1.0 (+1)	1,059 (+6%)	18mo	$122,500	$116	47

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: 66.3%
• Equity multiple: 5.77×
• Total profit: $59,954
• Equity at exit: $40,449

10-year hold

• IRR: 59.9%
• Equity multiple: 12.82×
• Total profit: $148,655
• Equity at exit: $87,231

Cash invested: $12,572 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,078 high
• Mortgage (P&I): −$235
• Tax from tax record: −$40 /mo · $478/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $557

Break-even live

Break-even rent $372

Max offer price $44,900

Occupancy floor 43%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 7 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	23d	1	1.01mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	43d	1	1.04mi
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$875	$0.74	43d	1	1.11mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	43d	1	1.17mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	43d	1	1.40mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	43d	1	1.45mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	23d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $44,900 Active 20 DOM
2. 2026-06-17
   days on market $44,900 Active 19 DOM
3. 2026-06-16
   days on market $44,900 Active 18 DOM
4. 2026-06-15
   days on market $44,900 Active 17 DOM
5. 2026-06-13
   days on market $44,900 Active 15 DOM
6. 2026-06-10
   days on market $44,900 Active 12 DOM
7. 2026-06-09
   days on market $44,900 Active 11 DOM
8. 2026-06-08
   days on market $44,900 Active 10 DOM
9. 2026-06-07
   days on market $44,900 Active 9 DOM
10. 2026-06-03
    days on market $44,900 Active 5 DOM
11. 2026-06-02
    days on market $44,900 Active 4 DOM
12. 2026-06-01
    days on market $44,900 Active 3 DOM
13. 2026-05-31
    days on market $44,900 Active 2 DOM
14. 2026-05-19
    price $68,000 573-char remark
15. 2026-03-26
    listed $70,000 Active 573-char remark
16. 2025-09-19
    listed $65,000 Active

ⓘ 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 3/10 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: $12,931
• − Mortgage interest: −$2,515
• − Property taxes: −$478
• − Insurance: −$224
• − Repairs & maintenance: −$1,034
• − Management: −$1,034
• − Depreciation: −$1,306
• Taxable income: $6,338
• Est. tax owed @ 24.0%: −$1,521
• After-tax cash flow: $5,166/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: 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

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

• City population: 210,422
• Population (ZIP): 6,824

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 (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%

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

Industry mix (Fortune 500 HQ in AL)

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

Price history

-30.9% since first listed

5 events — show timeline

• 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.