2839 31st St SW · Birmingham, AL 35211

$125,000

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 94 Days on market

Built 1955 6,098 sqft lot $112/sqft · 105% above area

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Why this score? — see what drove the C- 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 +22.6/30.0
• ARV discount +7.5/15.0
• DSCR +7.2/10.0
• 1% rule +4.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Recently Remodeled 3 Bedroom, 1 Bath Home – Ideal for First-Time Buyers or Investors! Welcome to this beautifully updated home featuring 3 spacious bedrooms and 1 modern bathroom. Freshly renovated with new flooring, paint, and fixtures throughout, this home offers a clean, move-in-ready space perfect for first-time homebuyers or those looking to expand their investment portfolio. Enjoy a large, level yard ideal for entertaining or relaxing. Conveniently located near schools. Don’t miss this turnkey opportunity! * * NO SELLER OR CREATIVE FINANCIAL OFFERS WILL BE CONSIDERED * *

Key facts

• Large level yard
• Recently remodeled
• New flooring

Tags

• RECENTLY REMODELED
• NEW FLOORING
• NEW PAINT
• NEW FIXTURES
• LARGE LEVEL YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $120k (4.0% below list).
• Recommended offer: $114k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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 soft (-0.0%/yr); 154 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 46% 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).
• This rent runs 41% of the median local income ($35k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 94 days — a 9% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $113,750 (9.0% below list)

Questions for the listing agent

1. It's been on market 94 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 1955 — 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: 0.96% ✗
• Cap rate: 8.33%
• Cash-on-cash: 7.29%
• DSCR: 1.32
• GRM: 8.7

CMA / ARV

• ARV (median comp): $60,843
• List price: $125,000
• Delta: 105.45%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3112 Wenonah Dr SW	0.19mi	3/2.0	1,154 (+3%)	14mo	$69,900	$61	70
2812 32nd Way SW	0.40mi	3/1.0	1,205 (+8%)	4mo	$35,000	$29	66
3321 Cedar Ave SW	0.52mi	3/1.0	1,100 (-2%)	10mo	$65,000	$59	64
3008 Elmyra Dr	0.43mi	3/2.0	1,104 (-1%)	13mo	$88,000	$80	63
3720 Howard Ave SW	0.66mi	3/1.0	1,092 (-2%)	6mo	$64,000	$59	60
3200 SW Cedar Ave	0.46mi	3/1.0	1,144 (+2%)	18mo	$90,000	$79	60
3245 Balsam Ave	0.65mi	3/1.0	1,114 (-0%)	15mo	$13,000	$12	56
3329 Park Ave SW	0.70mi	3/1.0	1,176 (+5%)	6mo	$59,900	$51	54
3729 Pine Ave SW	0.73mi	3/1.0	1,067 (-5%)	6mo	$70,000	$66	54
3208 Cedar Ave SW	0.46mi	3/1.0	1,232 (+10%)	11mo	$82,000	$67	53
3509 Willard Ave SW	0.72mi	3/1.0	1,040 (-7%)	13mo	$95,000	$91	44
3748 SW George Ave	0.69mi	3/1.0	972 (-13%)	18mo	$47,000	$48	31

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.71×
• Total profit: $-10,288
• Equity at exit: $18,638

10-year hold

• IRR: -2.6%
• Equity multiple: 0.85×
• Total profit: $-5,357
• Equity at exit: $10,808

Cash invested: $35,000 (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 35211

• Rents YoY: -0.0%
• Active inventory: 154
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,200 high
• Mortgage (P&I): −$656
• Tax from tax record: −$28 /mo · $336/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $213

Break-even live

Break-even rent $931

Max offer price $125,000

Occupancy floor 77%

Sensitivity live

Price	-10% $283	-5% $248	+0% $213	+5% $177	+10% $142
Rent	-10% $118	-5% $165	+0% $213	+5% $260	+10% $308
Rate	-1.0pp $276	-0.5pp $244	base $213	+0.5pp $180	+1.0pp $147

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2805 32nd Way SW Birmingham, AL	3.0	1.0	792	$900	$1.14	45d	1	0.39mi
2804 32nd Way SW Birmingham, AL	3.0	1.0	840	$900	$1.07	45d	1	0.41mi
3400 Walnut Ave SW Birmingham, AL	3.0	1.0	1133	$1,200	$1.06	45d	1	0.60mi
3332 Walnut Ave SW Birmingham, AL	3.0	1.0	1339	$750	$0.56	21d	1	0.61mi
3616 Maple Ave SW Birmingham, AL	2.0	1.0	1488	$950	$0.64	45d	1	0.63mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	5d	1	0.65mi
3417 Park Ave SW Birmingham, AL	4.0	1.0	1402	$900	$0.64	45d	1	0.66mi
2113 Rambow Ave SW Birmingham, AL	2.0	1.0	838	$1,250	$1.49	45d	1	0.68mi
3720 Howard Ave SW Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	25d	1	0.69mi
3729 Pine Ave SW Birmingham, AL	3.0	1.0	1067	$1,100	$1.03	23d	1	0.76mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	45d	1	0.77mi
3736 Oak Ave SW Birmingham, AL	3.0	2.0	984	$1,050	$1.07	25d	1	0.79mi
4029 Walnut Ave SW Birmingham, AL	2.0	1.0	1300	$1,369	$1.05	5d	1	0.90mi
4120 George Ave SW Birmingham, AL	2.0	1.0	944	$850	$0.90	25d	1	0.91mi
4009 Grasselli Ave SW Birmingham, AL	3.0	1.0	875	$900	$1.03	25d	1	0.95mi
1838 31st St SW Birmingham, AL	3.0	2.0	1400	$1,223	$0.87	18d	1	0.98mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	45d	1	0.98mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	13d	1	1.02mi
3640 Wenonah Rd SW Birmingham, AL	3.0	2.0	1100	$1,195	$1.09	25d	1	1.02mi
2432 Ishkooda Rd SW Birmingham, AL	3.0	1.0	1075	$1,150	$1.07	45d	1	1.07mi
2005 Henry Crumpton Dr Birmingham, AL	4.0	2.0	1377	$1,300	$0.94	45d	1	1.14mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	25d	1	1.18mi
2005 Snavely Ave SW Birmingham, AL	3.0	2.0	1380	$1,150	$0.83	45d	1	1.20mi
2516 Powderly Ave SW Birmingham, AL	3.0	1.0	1236	$1,050	$0.85	45d	1	1.21mi
1845 Henry Crumpton Dr Birmingham, AL	3.0	1.0	1000	$895	$0.90	5d	1	1.30mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	1.31mi
2128 Mayfield Ave SW Birmingham, AL	3.0	1.0	1196	$1,200	$1.00	25d	1	1.35mi
251 London Pkwy Birmingham, AL	1.0–3.0	1.0–2.0	1192	$1,850	$1.55	3d	27	1.36mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	45d	1	1.36mi
913 Daniel Cir Birmingham, AL	4.0	2.0	1317	$1,300	$0.99	45d	1	1.37mi
1669 19th Pl SW Birmingham, AL	4.0	2.0	1373	$1,325	$0.97	25d	1	1.37mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	1.42mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	5d	1	1.42mi
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	45d	1	1.44mi
251 London Pkwy Unit 414 Birmingham, AL	2.0	2.0	1202	$3,395	$2.82	45d	1	1.46mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	21d	1	1.47mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	5d	1	1.48mi

Listing history 15 events

1. 2026-06-21
   days on market $125,000 Active 94 DOM
2. 2026-06-18
   days on market $125,000 Active 91 DOM
3. 2026-06-17
   days on market $125,000 Active 90 DOM
4. 2026-06-16
   days on market $125,000 Active 89 DOM
5. 2026-06-15
   days on market $125,000 Active 88 DOM
6. 2026-06-13
   days on market $125,000 Active 86 DOM
7. 2026-06-10
   days on market $125,000 Active 83 DOM
8. 2026-06-09
   days on market $125,000 Active 82 DOM
9. 2026-06-08
   days on market $125,000 Active 81 DOM
10. 2026-06-07
    days on market $125,000 Active 80 DOM
11. 2026-06-03
    days on market $125,000 Active 76 DOM
12. 2026-06-02
    days on market $125,000 Active 75 DOM
13. 2026-06-01
    days on market $125,000 Active 74 DOM
14. 2026-05-31
    days on market $125,000 Active 73 DOM
15. 2026-03-19
    listed $125,000 Active 598-char remark

    Show marketing remark (598 chars)

    Recently Remodeled 3 Bedroom, 1 Bath Home – Ideal for First-Time Buyers or Investors! Welcome to this beautifully updated home featuring 3 spacious bedrooms and 1 modern bathroom. Freshly renovated with new flooring, paint, and fixtures throughout, this home offers a clean, move-in-ready space perfect for first-time homebuyers or those looking to expand their investment portfolio. Enjoy a large, level yard ideal for entertaining or relaxing. Conveniently located near schools. Don’t miss this turnkey opportunity! * * NO SELLER OR CREATIVE FINANCIAL OFFERS WILL BE CONSIDERED * *

ⓘ 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: $336 · $28/mo
• Projected year-2 tax: $512 · $43/mo
• Expected delta: +$177/yr (+$15/mo · 52.6%)

ⓘ 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,404
• − Mortgage interest: −$7,002
• − Property taxes: −$336
• − Insurance: −$625
• − Repairs & maintenance: −$1,152
• − Management: −$1,152
• − Depreciation: −$3,636
• Taxable income: $500
• Est. tax owed @ 24.0%: −$120
• After-tax cash flow: $2,432/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 (77%)
• Race & ethnicity: Black 77% White 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

1 event — show timeline

• 2026-03-19 Listed $125,000 Greater Alabama MLS

Property tax history

-3.2%/yr

Latest (2025): $336 · +0.0% YoY. Source: county tax records.