1520 Maralyn Dr · Birmingham, AL 35235

$169,870

3 bd · 1.5 ba · 1,384 sqft · SingleFamily public records · 97 Days on market

Built 1975 0.31 ac lot $123/sqft · 16% below area Est $189k · 10% 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 +18.6/30.0
• ARV discount +12.1/15.0
• DSCR +5.9/10.0
• 1% rule +3.9/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING & MOVE-IN READY SPLIT-LEVEL HOME WITH SPACIOUS DECK AND NEW PAINT THROUGHOUT! Welcome home to this inviting 3BDRM, 1.5BA split-level that offers comfort, functionality, and plenty of space to enjoy both inside and out. Perfect for first-time homebuyers or those looking to downsize, this home provides a thoughtful layout with room to live, relax and entertain.

Key facts

• 0.31 acre lot
• Built 1975
• Listed 97 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/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 $150k (11.5% below list).
• Recommended offer: $150k (11.5% below list) — sets the bar for 1% rule.

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.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.4%/yr); 114 active listings in the ZIP; 39 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 97 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $65k; list at $170k implies a 162% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,348 (11.5% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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: 0.89% ✗
• Cap rate: 7.47%
• Cash-on-cash: 4.19%
• DSCR: 1.19
• GRM: 9.4

CMA / ARV

• ARV (median comp): $189,284
• List price: $169,870
• Delta: -10.26%
• 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
1149 Westridge Cir	0.28mi	3/2.0	1,365 (-1%)	1mo	$238,000	$174	82
1717 Sonia Dr	0.43mi	3/2.0	1,451 (+5%)	2mo	$115,000	$79	68
4512 Bonnett Way	0.49mi	3/2.0	1,473 (+6%)	3mo	$225,000	$153	62
4645 Bonnett Cir	0.56mi	3/2.0	1,300 (-6%)	5mo	$210,000	$162	58
904 Kathryne Cir	0.73mi	3/2.0	1,431 (+3%)	2mo	$180,000	$126	56
1904 Croydon Cir	0.74mi	3/2.0	1,396 (+1%)	8mo	$203,500	$146	55
1711 Old Springville Rd	0.55mi	3/2.0	1,248 (-10%)	1mo	$84,000	$67	55
1755 Sonia Dr	0.55mi	3/2.0	1,460 (+6%)	11mo	$182,000	$125	54
4653 Bonnett Cir	0.56mi	2/2.0 (-1)	1,458 (+5%)	9mo	$221,000	$152	51
4269 Fieldstone Way	0.64mi	2/2.0 (-1)	1,276 (-8%)	4mo	$184,900	$145	46
1801 Molly Ln	0.66mi	3/2.0	1,176 (-15%)	5mo	$249,000	$212	38
5290 Austin St	0.69mi	2/2.0 (-1)	1,202 (-13%)	2mo	$172,500	$144	38

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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: -7.4%
• Equity multiple: 0.72×
• Total profit: $-13,327
• Equity at exit: $25,328

10-year hold

• IRR: 4.6%
• Equity multiple: 1.37×
• Total profit: $17,669
• Equity at exit: $14,687

Cash invested: $47,564 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,503 high
• Mortgage (P&I): −$891
• Tax from tax record: −$60 /mo · $723/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $166

Break-even live

Break-even rent $1,293

Max offer price $169,870

Occupancy floor 84%

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: $42,468
• Closing costs: $5,096
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	3d	1	0.29mi
1808 Brewster Rd Birmingham, AL	4.0	2.0	1548	$1,515	$0.98	44d	1	0.40mi
1761 Big Mountain Dr Birmingham, AL	4.0	2.0	1632	$1,575	$0.97	44d	1	0.43mi
1733 Molly Dr Birmingham, AL	4.0	1.5	1570	$1,460	$0.93	10d	1	0.46mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	0.49mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	44d	1	0.52mi
1819 Valley Run Cir Birmingham, AL	4.0	2.5	1694	$1,761	$1.04	44d	1	0.53mi
1760 Sonia Dr Birmingham, AL	3.0	2.0	1550	$1,635	$1.05	1d	1	0.56mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	44d	1	0.56mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	23d	1	0.59mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	14d	1	0.60mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	1d	1	0.63mi
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	3d	1	0.66mi
1516 Highland Dr Birmingham, AL	4.0	2.0	1104	$1,675	$1.52	14d	1	0.74mi
1868 Carraway St Birmingham, AL	3.0	2.0	1819	$1,500	$0.82	23d	1	0.74mi
1700 Serene Dr Birmingham, AL	4.0	1.5	1543	$1,630	$1.06	2d	1	0.81mi
856 Parkbrook Trl Birmingham, AL	1.0–3.0	1.0–2.0	925	$1,180	$1.28	2d	10	0.83mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	23d	1	0.86mi
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	1d	1	0.91mi
509 20th Ave NE Center Point, AL	3.0	1.5	1008	$1,200	$1.19	23d	1	0.96mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	1d	1	0.97mi
413 20th Ct NE Center Point, AL	3.0	1.5	1540	$1,375	$0.89	44d	1	1.09mi
744 Vaughn Cir Birmingham, AL	4.0	2.0	1516	$1,561	$1.03	23d	1	1.13mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	1.13mi
2232 6th St NE Center Point, AL	3.0	1.0	1550	$1,150	$0.74	44d	1	1.16mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	23d	1	1.17mi
1328 Oak Ter Birmingham, AL	3.0	2.0	1772	$1,581	$0.89	12d	1	1.19mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	23d	1	1.24mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	1.26mi
2249 4th Place Cir NE Center Point, AL	3.0	1.5	1400	$1,400	$1.00	44d	1	1.28mi
2415 Ormond Dr Center Point, AL	3.0	1.5	1194	$1,295	$1.08	44d	1	1.30mi
241 Lake Drive Cir NE Birmingham, AL	2.0	1.0	1358	$1,025	$0.75	2d	1	1.35mi
1235 Little Brook Ln Birmingham, AL	3.0	2.0	1787	$2,400	$1.34	44d	1	1.37mi
1720 2nd St NE Center Point, AL	3.0	2.0	1100	$1,400	$1.27	44d	1	1.37mi
239 Lake Drive Cir NE Birmingham, AL	3.0	1.0	1159	$1,125	$0.97	3d	1	1.37mi
2202 Cheshire Dr Birmingham, AL	3.0	2.5	1536	$1,325	$0.86	2d	1	1.44mi
332 23rd Ave NE Center Point, AL	3.0	1.0	1100	$1,350	$1.23	3d	1	1.48mi
2258 Cheshire Dr Birmingham, AL	2.0	2.0	1152	$1,050	$0.91	44d	1	1.48mi
2229 3rd St NE Center Point, AL	3.0	1.0	1215	$1,125	$0.93	23d	1	1.49mi

Listing history 17 events

1. 2026-06-18
   days on market $169,870 Active 97 DOM
2. 2026-06-17
   days on market $169,870 Active 96 DOM
3. 2026-06-16
   days on market $169,870 Active 95 DOM
4. 2026-06-15
   days on market $169,870 Active 94 DOM
5. 2026-06-13
   days on market $169,870 Active 92 DOM
6. 2026-06-10
   days on market $169,870 Active 89 DOM
7. 2026-06-09
   days on market $169,870 Active 88 DOM
8. 2026-06-08
   days on market $169,870 Active 87 DOM
9. 2026-06-07
   days on market $169,870 Active 86 DOM
10. 2026-06-03
    days on market $169,870 Active 82 DOM
11. 2026-06-02
    days on market $169,870 Active 81 DOM
12. 2026-06-01
    days on market $169,870 Active 80 DOM
13. 2026-05-31
    days on market $169,870 Active 79 DOM
14. 2026-05-04
    price $169,870 377-char remark

    Show marketing remark (377 chars)

    CHARMING & MOVE-IN READY SPLIT-LEVEL HOME WITH SPACIOUS DECK AND NEW PAINT THROUGHOUT! Welcome home to this inviting 3BDRM, 1.5BA split-level that offers comfort, functionality, and plenty of space to enjoy both inside and out. Perfect for first-time homebuyers or those looking to downsize, this home provides a thoughtful layout with room to live, relax and entertain.

15. 2026-03-13
    listed $172,900 Active 377-char remark

    Show marketing remark (377 chars)

    CHARMING & MOVE-IN READY SPLIT-LEVEL HOME WITH SPACIOUS DECK AND NEW PAINT THROUGHOUT! Welcome home to this inviting 3BDRM, 1.5BA split-level that offers comfort, functionality, and plenty of space to enjoy both inside and out. Perfect for first-time homebuyers or those looking to downsize, this home provides a thoughtful layout with room to live, relax and entertain.

16. 2026-03-11
    historical $172,900 377-char remark

    Show marketing remark (377 chars)

    CHARMING & MOVE-IN READY SPLIT-LEVEL HOME WITH SPACIOUS DECK AND NEW PAINT THROUGHOUT! Welcome home to this inviting 3BDRM, 1.5BA split-level that offers comfort, functionality, and plenty of space to enjoy both inside and out. Perfect for first-time homebuyers or those looking to downsize, this home provides a thoughtful layout with room to live, relax and entertain.

17. 1995-11-01
    soldstatus $64,900

ⓘ 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: $723 · $60/mo
• Projected year-2 tax: $723 · $60/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 6 d/yr ≥105°F today · 17 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: $18,042
• − Mortgage interest: −$9,515
• − Property taxes: −$723
• − Insurance: −$849
• − Repairs & maintenance: −$1,443
• − Management: −$1,443
• − Depreciation: −$4,942
• Taxable loss: −$874
• Est. tax savings @ 24.0%: +$210
• After-tax cash flow: $2,201/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 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

• County: Jefferson County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 20,526
• Household income: $63,295
• Rent vs Own: 34.5% rent · 65.5% own
• Severe rent burden: 941.0

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: Majority Black (63%)
• Race & ethnicity: Black 63% White 30% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 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: ▼ -54.62%
• Current HPI: 204.6532
• Rent YoY: ▲ 5.39%
• 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

+161.7% since first listed

4 events — show timeline

• 2026-05-04 Price Changed $169,870 Greater Alabama MLS
• 2026-03-13 Listed $172,900 Greater Alabama MLS
• 2026-03-11 Coming Soon $172,900 Greater Alabama MLS
• 1995-11-01 Sold (Public Records) $64,900 Public Records

Property tax history

+6.9%/yr

Latest (2025): $723 · +0.0% YoY. Source: county tax records.