2244 Ishkooda Rd SW · Birmingham, AL 35211

$34,900

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 9 Days on market

Built 1965 4,791 sqft lot Est $57k · 38% under ↓ 30% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

Investor special with endless potential in Birmingham! This 2-bedroom, 1-bath home features a covered front porch, functional floor plan, and plenty of opportunity to make it your own. Whether you're looking to expand your portfolio or take on your next project, this property offers strong upside potential and value-add possibilities. Conveniently located with easy access to local amenities, shopping, and major roadways. Sold as-is. This is a Fannie Mae property.

Key facts

• Covered front porch
• Major roadways
• Shopping

Tags

• COVERED FRONT PORCH
• FUNCTIONAL FLOOR PLAN
• EASY ACCESS TO LOCAL AMENITIES
• SHOPPING
• MAJOR ROADWAYS

Property features AI

Finance

• Other: Lot size approximately 0.11 acres; Located in NABORS ESTATE subdivision; Not in a flood plain
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; On-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability: unknown
• Home design: Existing construction; 4-side brick exterior; Crawl space foundation
• Construction: 4-side brick construction; Crawl space foundation; Year built: existing (no specific year provided)
• Exterior features: Front porch; Public road access; No pool, patio, deck, or garden listed

Interior

• Kitchen: Laminate countertops
• Bedrooms: Two bedrooms on main level
• Flooring: Hardwood laminate
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Forced air heating; Window air conditioning units
• Interior features: Walk-in attic; Ceilings: Other (see remarks); No additional interior features listed
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Cap rate 25.8% 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.
• 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.
• Zoned schools: Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 154 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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 37% 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 $241 of loan paydown is wiped out by about $1k 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 + 0.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price.
• 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 $34,900

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.09% ✓
• Cap rate: 25.80%
• Cash-on-cash: 69.67%
• DSCR: 4.10
• GRM: 2.7

CMA / ARV

• ARV (on-the-fly): $56,544
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2412 Lawn Ave SW	0.23mi	3/1.0 (+1)	975 (+7%)	9mo	$60,000	$62	65
117 E SW Ann Dr	0.45mi	3/1.0 (+1)	936 (+3%)	6mo	$65,000	$69	65
2012 Rambow Ave SW	0.44mi	2/1.0	864 (-5%)	9mo	$20,000	$23	63
1657 SW 18th Way	0.52mi	3/1.0 (+1)	912 (0%)	9mo	$90,000	$99	63
2436 Powderly Ave SW	0.54mi	2/1.0	966 (+6%)	2mo	$32,500	$34	63
1521 24th St SW	0.48mi	3/1.0 (+1)	912 (0%)	14mo	$55,000	$60	61
2413 Francis Ave SW	0.41mi	2/1.0	962 (+6%)	14mo	$11,500	$12	60
2311 Rambow Ave SW	0.47mi	2/1.0	818 (-10%)	7mo	$27,500	$34	55
2400 Lawn Ave SW	0.21mi	2/1.0	782 (-14%)	15mo	$69,000	$88	54
2113 SW Rambow Ave	0.46mi	2/1.0	838 (-8%)	14mo	$26,000	$31	53
2213 Rambow Ave SW	0.46mi	2/1.0	800 (-12%)	14mo	$92,000	$115	46
1641 18th St SW	0.60mi	3/1.0 (+1)	1,035 (+14%)	13mo	$125,000	$121	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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 65.6%
• Equity multiple: 3.80×
• Total profit: $27,364
• Equity at exit: $5,204

10-year hold

• IRR: 68.9%
• Equity multiple: 6.97×
• Total profit: $58,329
• Equity at exit: $3,018

Cash invested: $9,772 (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: 2.7×

Monthly cashflow live

• Estimated rent: $1,077 high
• Mortgage (P&I): −$183
• Tax from tax record: −$86 /mo · $1,031/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$226
• Net cashflow: $567

Break-even live

Break-even rent $359

Max offer price $34,900

Occupancy floor 42%

Sensitivity live

Price	-10% $587	-5% $577	+0% $567	+5% $557	+10% $548
Rent	-10% $482	-5% $525	+0% $567	+5% $610	+10% $652
Rate	-1.0pp $585	-0.5pp $576	base $567	+0.5pp $558	+1.0pp $549

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1845 Henry Crumpton Dr Birmingham, AL	3.0	1.0	1000	$895	$0.90	4d	1	0.37mi
2432 Ishkooda Rd SW Birmingham, AL	3.0	1.0	1075	$1,150	$1.07	45d	1	0.39mi
2113 Rambow Ave SW Birmingham, AL	2.0	1.0	838	$1,250	$1.49	45d	1	0.43mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	0.50mi
249 Gloria Rd SW Birmingham, AL	2.0	1.0	624	$800	$1.28	45d	1	0.53mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	25d	1	0.62mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	45d	1	0.71mi
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	45d	1	0.72mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	4d	1	0.72mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	45d	1	0.75mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	13d	1	0.85mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	22d	1	0.85mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	4d	1	0.94mi
2805 32nd Way SW Birmingham, AL	3.0	1.0	792	$900	$1.14	45d	1	0.97mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	0.99mi
2804 32nd Way SW Birmingham, AL	3.0	1.0	840	$900	$1.07	45d	1	0.99mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	1.03mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	4d	1	1.18mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	22d	1	1.25mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	45d	1	1.29mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	45d	1	1.33mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	45d	1	1.37mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	45d	1	1.37mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	1.42mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	45d	1	1.47mi
3729 Maple Ave SW Birmingham, AL	3.0	2.0	1008	$1,200	$1.19	45d	1	1.49mi

Listing history 7 events

1. 2026-06-21
   days on market $34,900 Active 9 DOM
2. 2026-06-18
   days on market $34,900 Active 6 DOM
3. 2026-06-17
   days on market $34,900 Active 5 DOM
4. 2026-06-16
   days on market $34,900 Active 4 DOM
5. 2026-06-15
   days on market $34,900 Active 3 DOM
6. 2026-06-13
   remarks 467-char remark
7. 2026-06-13
   listed $34,900 Active 1 DOM

ⓘ 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: $1,031 · $86/mo
• Projected year-2 tax: $1,031 · $86/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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,923
• − Mortgage interest: −$1,955
• − Property taxes: −$1,031
• − Insurance: −$174
• − Repairs & maintenance: −$1,034
• − Management: −$1,034
• − Depreciation: −$1,015
• Taxable income: $6,680
• Est. tax owed @ 24.0%: −$1,603
• After-tax cash flow: $5,205/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

-30.2% since first listed

2 events — show timeline

• 2026-06-12 Listed $34,900 Greater Alabama MLS
• 2000-05-23 Sold (Public Records) $50,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,031 · +0.0% YoY. Source: county tax records.