1430 35th Ave N · Birmingham, AL 35207

$26,000

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 153 Days on market

Built 1920 6,098 sqft lot $21/sqft · 55% below area ↓ 42% 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
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

Home perfect for a rental property. Needing lots of TLC.

Key facts

• 6,098 sq ft lot
• Built 1920
• Listed 153 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $26k.

Deal economics

• At list price, monthly cash flow is $604 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $26k).
• Recommended offer: $23k (12.0% below list) — sets the bar for market timing.
• Cap rate 34.2% 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-, 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: 42 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 $3k of equity ($180 loan paydown + $3k 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 $7k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 10, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 153 days — a 12% lower offer ($23k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — 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 $22,880 (12.0% below list)

Questions for the listing agent

1. It's been on market 153 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 3.91% ✓
• Cap rate: 34.17%
• Cash-on-cash: 99.57%
• DSCR: 5.43
• GRM: 2.1

CMA / ARV

• ARV (median comp): $57,485
• List price: $26,000
• Delta: -54.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3731 1st Pl W	0.27mi	3/1.0	1,215 (-1%)	3mo	$94,900	$78	83
1930 34th Ave N	0.43mi	3/1.0	1,258 (+2%)	22mo	$140,000	$111	58
1925 33rd Ave N	0.45mi	3/1.0	1,156 (-6%)	17mo	$32,000	$28	55
2115 32nd Ave N	0.61mi	3/2.0	1,144 (-7%)	17mo	$99,000	$87	41
477 W 37th Ter	0.53mi	3/1.0	1,064 (-14%)	16mo	$9,000	$8	39
1616 26th Ave N	0.66mi	4/1.5 (+1)	1,343 (+9%)	19mo	$77,000	$57	31

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: —
• Equity multiple: 8.23×
• Total profit: $52,659
• Equity at exit: $23,423

10-year hold

• IRR: —
• Equity multiple: 18.15×
• Total profit: $124,873
• Equity at exit: $50,512

Cash invested: $7,280 (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: 2.1×

Monthly cashflow live

• Estimated rent: $1,016 high
• Mortgage (P&I): −$136
• Tax from tax record: −$52 /mo · $619/yr
• Insurance: −$11
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $604

Break-even live

Break-even rent $252

Max offer price $26,000

Occupancy floor 36%

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: $6,500
• Closing costs: $780
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$875	$0.74	43d	1	0.24mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	43d	1	0.25mi
3732 4th St W Birmingham, AL	4.0	1.0	1185	$900	$0.76	43d	1	0.39mi
3417 4th St W Birmingham, AL	3.0	2.0	1275	$1,000	$0.78	43d	1	0.40mi
1625 29th Ave N Birmingham, AL	3.0	2.0	1140	$1,200	$1.05	16d	1	0.48mi
2015 36th Ave N Birmingham, AL	3.0	1.0	1468	$1,190	$0.81	23d	1	0.49mi
424 34th Ave W Birmingham, AL	3.0	2.0	969	$1,050	$1.08	23d	1	0.50mi
537 37th Ter W Birmingham, AL	3.0	1.0	1060	$1,000	$0.94	43d	1	0.63mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	43d	1	0.72mi
2012 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	1.33mi
2010 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	10d	1	1.33mi
2004 18th Pl N Unit 2004 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.33mi
1994 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.33mi
2212 20th St N Birmingham, AL	3.0	1.0	1141	$895	$0.78	43d	1	1.34mi
1954 18th Pl N Birmingham, AL	2.0	1.0	900	$975	$1.08	43d	1	1.34mi
1940 18th Pl N Unit 1940 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.34mi
1938 18th Pl N Unit 1938 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.34mi
1917 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.35mi
1906 18th Pl N Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.36mi
2300 21st Ave N Birmingham, AL	2.0	1.0	700	$880	$1.26	43d	2	1.38mi
1742 17th St N Unit 2 Birmingham, AL	3.0	2.0	1300	$1,500	$1.15	16d	1	1.38mi
1909 18th St N Unit 1909 Birmingham, AL	2.0	1.0	900	$799	$0.89	14d	1	1.42mi
2000 Stouts Rd Birmingham, AL	2.0	1.0	700	$880	$1.26	43d	2	1.43mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	2d	1	1.44mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	2d	1	1.44mi
2428 21st Ave N Birmingham, AL	2.0	1.0	700	$975	$1.39	10d	1	1.44mi
2108 25th St N Birmingham, AL	4.0	2.0	1446	$1,300	$0.90	43d	1	1.46mi
353 16th Ave N Birmingham, AL	3.0	1.0	1200	$995	$0.83	43d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $26,000 Active 153 DOM
2. 2026-06-17
   days on market $26,000 Active 152 DOM
3. 2026-06-16
   days on market $26,000 Active 151 DOM
4. 2026-06-15
   days on market $26,000 Active 150 DOM
5. 2026-06-13
   days on market $26,000 Active 148 DOM
6. 2026-06-10
   days on market $26,000 Active 145 DOM
7. 2026-06-09
   days on market $26,000 Active 144 DOM
8. 2026-06-08
   days on market $26,000 Active 143 DOM
9. 2026-06-07
   days on market $26,000 Active 142 DOM
10. 2026-06-03
    days on market $26,000 Active 138 DOM
11. 2026-06-02
    days on market $26,000 Active 137 DOM
12. 2026-06-01
    days on market $26,000 Active 136 DOM
13. 2026-05-31
    days on market $26,000 Active 135 DOM
14. 2026-04-23
    price $26,000 56-char remark

    Show marketing remark (56 chars)

    Home perfect for a rental property. Needing lots of TLC.

15. 2026-03-28
    price $30,000 56-char remark

    Show marketing remark (56 chars)

    Home perfect for a rental property. Needing lots of TLC.

16. 2026-02-03
    price $39,000 56-char remark

    Show marketing remark (56 chars)

    Home perfect for a rental property. Needing lots of TLC.

17. 2026-01-16
    listed $45,000 Active 56-char remark

    Show marketing remark (56 chars)

    Home perfect for a rental property. Needing lots of TLC.

ⓘ 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: $619 · $52/mo
• Projected year-2 tax: $619 · $52/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 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,195
• − Mortgage interest: −$1,456
• − Property taxes: −$619
• − Insurance: −$130
• − Repairs & maintenance: −$976
• − Management: −$976
• − Depreciation: −$756
• Taxable income: $7,282
• Est. tax owed @ 24.0%: −$1,748
• After-tax cash flow: $5,501/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): 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

-42.2% since first listed

4 events — show timeline

• 2026-04-23 Price Changed $26,000 Greater Alabama MLS
• 2026-03-28 Price Changed $30,000 Greater Alabama MLS
• 2026-02-03 Price Changed $39,000 Greater Alabama MLS
• 2026-01-16 Listed $45,000 Greater Alabama MLS

Property tax history

+9.9%/yr

Latest (2025): $619 · +0.0% YoY. Source: county tax records.