309 Glynn Dr · Birmingham, AL 35215

$75,000

3 bd · 1.5 ba · 1,265 sqft · SingleFamily public records · 112 Days on market

Built 1958 9,583 sqft lot $59/sqft · 48% below area Est $145k · 48% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

This solid brick home offers an excellent opportunity for buyers looking to add value and personalization. The single-story layout features a spacious living area with hardwood flooring and good natural light. The functional floor plan allows flexibility to suit a variety of needs. The property sits on a lot with mature trees and offers potential to enhance the landscaping and overall curb appeal. With a strong foundation and classic construction, this home is well-suited for rental or resale strategies. Conveniently located near schools, shopping, and major roadways. Property is being sold as-is.

Key facts

• Hardwood flooring
• Strong foundation
• Brick home

Tags

• BRICK HOME
• SINGLE STORY LAYOUT
• HARDWOOD FLOORING
• MATURE TREES
• STRONG FOUNDATION
• CLASSIC CONSTRUCTION

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $387 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $68k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.5% 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: 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); 40% 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

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k 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 $21k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $57k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; 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 $68,250 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.72% ✓
• Cap rate: 13.55%
• Cash-on-cash: 25.91%
• DSCR: 2.15
• GRM: 4.9

CMA / ARV

• ARV (median comp): $144,797
• List price: $75,000
• Delta: -48.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
204 Boxwood Cir	0.27mi	3/1.0	1,252 (-1%)	4mo	$70,000	$56	80
321 Glynn Dr	0.04mi	3/1.5	1,401 (+11%)	1mo	$140,000	$100	79
252 Westwood Dr	0.12mi	3/1.5	1,124 (-11%)	6mo	$93,000	$83	71
216 Westwood Dr	0.24mi	3/1.0	1,384 (+9%)	0mo	$78,500	$57	71
328 Pat Ave	0.53mi	3/1.0	1,244 (-2%)	1mo	$93,500	$75	69
321 Joan Ave	0.50mi	3/1.0	1,294 (+2%)	2mo	$121,000	$94	69
405 Sunbrook Ave	0.30mi	3/1.5	1,120 (-12%)	2mo	$148,000	$132	65
312 Pine St	0.18mi	3/1.0	1,080 (-15%)	1mo	$60,000	$56	65
173 Redstone Way	0.54mi	3/2.0	1,182 (-7%)	2mo	$155,000	$131	61
9809 Maple Ln	0.55mi	3/1.0	1,192 (-6%)	3mo	$130,000	$109	60
932 Charles Ct	0.35mi	4/2.0 (+1)	1,430 (+13%)	5mo	$140,000	$98	51
201 Carol Dr	0.61mi	3/1.0	1,096 (-13%)	2mo	$154,000	$141	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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: 15.0%
• Equity multiple: 1.60×
• Total profit: $12,631
• Equity at exit: $11,183

10-year hold

• IRR: 23.8%
• Equity multiple: 3.06×
• Total profit: $43,304
• Equity at exit: $6,485

Cash invested: $21,000 (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: 4.9×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$393
• Tax from tax record: −$140 /mo · $1,681/yr
• Insurance: −$31
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $387

Break-even live

Break-even rent $799

Max offer price $75,000

Occupancy floor 65%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
252 Westwood Dr Birmingham, AL	3.0	1.5	1124	$1,400	$1.25	2d	1	0.10mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	44d	1	0.16mi
252 Meadowdale Ave Birmingham, AL	3.0	1.0	920	$995	$1.08	44d	1	0.20mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.22mi
204 McCormick Ave Birmingham, AL	3.0	1.0	880	$980	$1.11	3d	1	0.29mi
221 Lawson Rd Birmingham, AL	3.0	1.5	1102	$1,325	$1.20	24d	1	0.33mi
209 Tucker Ave Birmingham, AL	3.0	1.0	1044	$1,100	$1.05	44d	1	0.33mi
9844 Greenlee Rd Birmingham, AL	3.0	1.0	1046	$950	$0.91	44d	1	0.39mi
208 Sam Pate Dr Birmingham, AL	3.0	2.0	988	$1,385	$1.40	2d	1	0.40mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	44d	1	0.40mi
848 Old Trail Rd Birmingham, AL	2.0	1.5	930	$925	$0.99	24d	1	0.46mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	0.58mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	0.62mi
932 Five Mile Rd Birmingham, AL	3.0	1.5	1200	$1,175	$0.98	19d	1	0.66mi
201 Rose Dr Birmingham, AL	3.0	1.0	972	$1,100	$1.13	16d	1	0.67mi
426 Buckingham Cir Birmingham, AL	2.0	1.5	1080	$1,013	$0.94	44d	1	0.69mi
46 Sunscape Dr Birmingham, AL	4.0	2.0	1178	$1,450	$1.23	44d	1	0.77mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	2d	1	0.80mi
912 Meadowbrook Dr Birmingham, AL	3.0	1.0	1178	$1,100	$0.93	44d	1	0.80mi
529 Robison Dr Birmingham, AL	2.0	1.0	960	$960	$1.00	21d	1	0.81mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	24d	1	0.81mi
940 Meadowbrook Dr Birmingham, AL	4.0	1.0	1149	$1,300	$1.13	44d	1	0.81mi
216 Sanford Dr Birmingham, AL	3.0	1.5	1134	$1,200	$1.06	44d	1	0.82mi
217 Killough Dr Birmingham, AL	3.0	2.0	1212	$1,200	$0.99	15d	1	0.82mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	12d	1	0.84mi
818 Sunset Dr Birmingham, AL	3.0	1.0	992	$1,000	$1.01	44d	1	0.86mi
417 Price Dr Birmingham, AL	4.0	2.0	1584	$1,395	$0.88	24d	1	0.88mi
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	12d	1	0.88mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	12d	1	1.02mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	44d	1	1.05mi
520 Camellia Rd Birmingham, AL	3.0	1.0	1053	$1,100	$1.04	3d	1	1.10mi
603 Camp Ct Birmingham, AL	3.0	1.0	936	$1,300	$1.39	44d	1	1.12mi
433 Orchid Rd Birmingham, AL	3.0	1.0	1162	$1,255	$1.08	16d	1	1.18mi
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	16d	1	1.28mi
726 Orchard Rd Birmingham, AL	3.0	1.0	1120	$1,095	$0.98	44d	1	1.29mi
9228 Brookhurst Dr Birmingham, AL	3.0	1.0	1146	$999	$0.87	44d	1	1.36mi
736 Gene Reed Rd Birmingham, AL	3.0	2.0	1353	$1,220	$0.90	44d	1	1.38mi
8917 Roebuck Blvd Apt 11 Birmingham, AL	2.0	1.0	880	$725	$0.82	16d	1	1.44mi
1301 5th Pl NW Center Point, AL	3.0	1.0	1170	$1,100	$0.94	3d	1	1.44mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	24d	1	1.45mi

Listing history 18 events

1. 2026-06-18
   days on market $75,000 Active 112 DOM
2. 2026-06-17
   days on market $75,000 Active 111 DOM
3. 2026-06-16
   days on market $75,000 Active 110 DOM
4. 2026-06-15
   days on market $75,000 Active 109 DOM
5. 2026-06-13
   days on market $75,000 Active 107 DOM
6. 2026-06-10
   days on market $75,000 Active 104 DOM
7. 2026-06-09
   days on market $75,000 Active 103 DOM
8. 2026-06-08
   days on market $75,000 Active 102 DOM
9. 2026-06-07
   days on market $75,000 Active 101 DOM
10. 2026-06-03
    days on market $75,000 Active 97 DOM
11. 2026-06-02
    days on market $75,000 Active 96 DOM
12. 2026-06-02
    price $75,000 Active 95 DOM
13. 2026-06-01
    days on market $80,000 Active 95 DOM
14. 2026-05-31
    days on market $80,000 Active 94 DOM
15. 2026-04-25
    price $80,000 604-char remark

    Show marketing remark (604 chars)

    This solid brick home offers an excellent opportunity for buyers looking to add value and personalization. The single-story layout features a spacious living area with hardwood flooring and good natural light. The functional floor plan allows flexibility to suit a variety of needs. The property sits on a lot with mature trees and offers potential to enhance the landscaping and overall curb appeal. With a strong foundation and classic construction, this home is well-suited for rental or resale strategies. Conveniently located near schools, shopping, and major roadways. Property is being sold as-is.

16. 2026-02-25
    listed $85,000 Active 604-char remark

    Show marketing remark (604 chars)

    This solid brick home offers an excellent opportunity for buyers looking to add value and personalization. The single-story layout features a spacious living area with hardwood flooring and good natural light. The functional floor plan allows flexibility to suit a variety of needs. The property sits on a lot with mature trees and offers potential to enhance the landscaping and overall curb appeal. With a strong foundation and classic construction, this home is well-suited for rental or resale strategies. Conveniently located near schools, shopping, and major roadways. Property is being sold as-is.

17. 1998-08-03
    soldstatus $57,000
18. 1988-11-08
    soldstatus $43,500

ⓘ 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: $1,681 · $140/mo
• Projected year-2 tax: $1,681 · $140/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,463
• − Mortgage interest: −$4,201
• − Property taxes: −$1,681
• − Insurance: −$1,172
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$2,182
• Taxable income: $3,753
• Est. tax owed @ 24.0%: −$901
• After-tax cash flow: $3,742/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

+83.9% since first listed

4 events — show timeline

• 2026-04-25 Price Changed $80,000 Greater Alabama MLS
• 2026-02-25 Listed $85,000 Greater Alabama MLS
• 1998-08-03 Sold (Public Records) $57,000 Public Records
• 1988-11-08 Sold (Public Records) $43,500 Public Records

Property tax history

+12.5%/yr

Latest (2025): $1,681 · +128.8% YoY. Source: county tax records.