1224 Lynn Acres Dr · Birmingham, AL 35215

$149,900

3 bd · 2.0 ba · 1,872 sqft · SingleFamily public records · 61 Days on market

Built 1955 0.34 ac lot $80/sqft · 13% below area Est $172k · 13% under

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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 +17.1/30.0
• ARV discount +13.2/15.0
• DSCR +5.3/10.0
• 1% rule +4.6/10.0
• 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

Charming 3BR/2BA single-family home offering approx. 1,872 sq ft of living space on a spacious 0.35-acre lot. Features include hardwood flooring throughout, a bright and inviting living area, and an updated kitchen. Enjoy added versatility with a large sunroom filled with natural light, perfect for relaxing or entertaining. Exterior highlights include a convenient carport and generous yard space. Built in 1955, this home blends classic character with functional updates. Ideal for homeowners or investors seeking value in an established neighborhood.

Key facts

• Hardwood flooring
• Large sunroom
• Carport

Tags

• HARDWOOD FLOORING
• UPDATED KITCHEN
• LARGE SUNROOM
• CARPORT
• GENEROUS YARD SPACE
• ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/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 $144k (3.9% below list).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.

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; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 33% of the median local income ($53k/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 $1k 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 61 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $49k; list at $150k implies a 206% gain — meaningful room to come down on a strong offer.

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 $140,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 days. Have you received any prior offers? Is the seller open to a 6% 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: 7.14%
• Cash-on-cash: 3.02%
• DSCR: 1.13
• GRM: 8.7

CMA / ARV

• ARV (median comp): $171,782
• List price: $149,900
• Delta: -12.74%
• 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 Killough Dr	0.43mi	3/2.0	1,863 (-0%)	5mo	$249,900	$134	75
349 Orchid Ln	0.35mi	3/3.0	1,858 (-1%)	10mo	$225,000	$121	70
1537 Moseley Ln	0.67mi	3/2.0	1,876 (+0%)	2mo	$175,000	$93	66
609 16th Ave NW	0.72mi	3/2.0	1,982 (+6%)	5mo	$190,000	$96	52
1504 NW 8th St NW	0.52mi	3/2.5	2,112 (+13%)	2mo	$217,500	$103	51
1516 Moseley Ln	0.71mi	3/2.0	1,975 (+6%)	14mo	$212,900	$108	46
125 Remington Rd	0.50mi	3/2.0	1,617 (-14%)	11mo	$210,000	$130	45
649 15th Ct NW	0.56mi	3/2.0	2,120 (+13%)	11mo	$165,000	$78	43
1419 4th Way NW	0.69mi	3/2.0	1,645 (-12%)	6mo	$189,000	$115	43
1536 Glenwood St NW	0.70mi	3/2.0	2,049 (+10%)	14mo	$174,900	$85	39
1312 Five Mile Rd	0.70mi	3/2.0	1,600 (-14%)	8mo	$185,000	$116	36
441 13th Ct NW	0.58mi	4/1.5 (+1)	1,655 (-12%)	15mo	$118,000	$71	34

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: -11.5%
• Equity multiple: 0.58×
• Total profit: $-17,491
• Equity at exit: $22,351

10-year hold

• IRR: -2.2%
• Equity multiple: 0.85×
• Total profit: $-6,257
• Equity at exit: $12,961

Cash invested: $41,972 (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: 8.7×

Monthly cashflow live

• Estimated rent: $1,441 high
• Mortgage (P&I): −$786
• Tax from tax record: −$185 /mo · $2,214/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$303
• Net cashflow: $106

Break-even live

Break-even rent $1,308

Max offer price $149,900

Occupancy floor 88%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	16d	1	0.13mi
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	11d	1	0.30mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	16d	1	0.49mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	43d	1	0.54mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	3d	1	0.58mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	23d	1	0.59mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	11d	1	0.68mi
405 13th Ct NW Center Point, AL	4.0	1.5	1248	$1,415	$1.13	21d	1	0.73mi
1612 Glenwood St NW Center Point, AL	4.0	3.0	1344	$1,480	$1.10	23d	1	0.74mi
324 13th Ter NW Center Point, AL	3.0	1.5	1418	$1,295	$0.91	23d	1	0.75mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	2d	1	0.75mi
428 15th Ter NW Center Point, AL	3.0	2.0	1528	$1,795	$1.17	2d	1	0.89mi
108 13th Ave NW Center Point, AL	4.0	2.0	1444	$1,265	$0.88	23d	1	0.90mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	3d	1	0.94mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	1d	1	1.00mi
1732 6th St NW Center Point, AL	3.0	1.5	1300	$1,250	$0.96	2d	1	1.03mi
1736 6th St NW Center Point, AL	4.0	2.0	1830	$1,550	$0.85	43d	1	1.05mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	3d	1	1.06mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	43d	1	1.06mi
1617 3rd Pl NW Center Point, AL	3.0	2.0	1404	$1,150	$0.82	23d	1	1.07mi
1259 Huffman Rd Center Point, AL	3.0	2.0	1662	$1,556	$0.94	43d	1	1.08mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	11d	1	1.14mi
1827 Carson Rd Unit 7 Birmingham, AL	3.0	2.5	1332	$950	$0.71	23d	1	1.21mi
1827 Carson Rd Unit 1 Birmingham, AL	3.0	2.5	1332	$1,125	$0.84	43d	1	1.21mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	23d	1	1.25mi
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	43d	1	1.26mi
305 18th Ct NW Center Point, AL	3.0	1.5	1270	$1,100	$0.87	43d	1	1.44mi
1317 Hatfield Ln Birmingham, AL	3.0	1.5	2028	$1,300	$0.64	23d	1	1.46mi

Listing history 16 events

1. 2026-06-18
   days on market $149,900 Active 61 DOM
2. 2026-06-17
   days on market $149,900 Active 60 DOM
3. 2026-06-16
   days on market $149,900 Active 59 DOM
4. 2026-06-15
   days on market $149,900 Active 58 DOM
5. 2026-06-13
   days on market $149,900 Active 56 DOM
6. 2026-06-10
   days on market $149,900 Active 53 DOM
7. 2026-06-09
   days on market $149,900 Active 52 DOM
8. 2026-06-08
   days on market $149,900 Active 51 DOM
9. 2026-06-07
   pricedays on market $149,900 Active 50 DOM
10. 2026-06-03
    days on market $159,900 Active 46 DOM
11. 2026-06-02
    days on market $159,900 Active 45 DOM
12. 2026-06-01
    days on market $159,900 Active 44 DOM
13. 2026-05-31
    days on market $159,900 Active 43 DOM
14. 2026-04-18
    listed $159,900 Active 554-char remark

    Show marketing remark (554 chars)

    Charming 3BR/2BA single-family home offering approx. 1,872 sq ft of living space on a spacious 0.35-acre lot. Features include hardwood flooring throughout, a bright and inviting living area, and an updated kitchen. Enjoy added versatility with a large sunroom filled with natural light, perfect for relaxing or entertaining. Exterior highlights include a convenient carport and generous yard space. Built in 1955, this home blends classic character with functional updates. Ideal for homeowners or investors seeking value in an established neighborhood.

15. 2017-07-05
    soldstatus $49,000
16. 1997-10-10
    soldstatus $67,900

ⓘ 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: $2,214 · $185/mo
• Projected year-2 tax: $2,214 · $185/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 5/10 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 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,295
• − Mortgage interest: −$8,397
• − Property taxes: −$2,214
• − Insurance: −$750
• − Repairs & maintenance: −$1,384
• − Management: −$1,384
• − Depreciation: −$4,361
• Taxable loss: −$1,193
• Est. tax savings @ 24.0%: +$286
• After-tax cash flow: $1,553/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

+135.5% since first listed

3 events — show timeline

• 2026-04-18 Listed $159,900 Greater Alabama MLS
• 2017-07-05 Sold (Public Records) $49,000 Public Records
• 1997-10-10 Sold (Public Records) $67,900 Public Records

Property tax history

+11.5%/yr

Latest (2025): $2,214 · +0.0% YoY. Source: county tax records.