1740 Valley Ave Unit A · Homewood, AL 35209

$139,500

2 bd · 2.0 ba · 1,026 sqft · Condo · 100 Days on market

Built 1944 $136/sqft · 18% below area Est $170k · 18% 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).

• ARV discount +15.0/15.0
• Cash flow +12.7/30.0
• Schools +5.6/10.0
• Livability +4.0/5.0
• DSCR +3.8/10.0
• 1% rule +3.6/10.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

2BR and 2BA, 2 story end unit. Five minutes to UAB, Samford university, Homewood & Five Points South. A full bath and laundry area on the main level. Plenty of windows with natural sunlight, living room with built in bookshelf. Hardwoods floor throughout.

Key facts

• Built in bookshelf
• Laundry area
• End unit

Tags

• END UNIT
• FULL BATH
• LAUNDRY AREA
• NATURAL SUNLIGHT
• BUILT IN BOOKSHELF
• HARDWOODS FLOOR

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $140k.

Deal economics

• At list price, monthly cash flow is $-14 ($-171/yr) — negative.
• To cash-flow at today's rent, offer at most $137k (1.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $120k (13.8% below list).
• Recommended offer: $120k (13.8% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 2.3% in Homewood — 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 80/100 on livability (#5 in AL, #1,730 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
• Homewood City (suburban): math 55% / reading 74% proficiency, ranked #3 of 129 in AL (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.3%/yr); 99 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $964 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 100 days — a 9% lower offer ($127k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $26k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $58k; list at $140k implies a 141% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $120,224 (13.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 6.17%
• Cash-on-cash: -0.44%
• DSCR: 0.98
• GRM: 9.7

CMA / ARV

• ARV (median comp): $169,873
• List price: $139,500
• Delta: -17.88%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.34% rent growth · sell at horizon

5-year hold

• IRR: -16.6%
• Equity multiple: 0.41×
• Total profit: $-23,084
• Equity at exit: $20,800

10-year hold

• IRR: -7.8%
• Equity multiple: 0.50×
• Total profit: $-19,494
• Equity at exit: $12,061

Cash invested: $39,060 (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 35209

• Rents YoY: 3.3%
• Active inventory: 99
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,202 high
• Mortgage (P&I): −$732
• Tax est. 1.5%: −$174 /mo · $2,092/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $-14

Break-even live

Break-even rent $1,220

Max offer price $137,433

Occupancy floor 96%

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1731 Valley Ave Unit G Homewood, AL	1.0	1.0	810	$800	$0.99	16d	1	0.09mi
1717 Ashwood Ln Birmingham, AL	2.0	2.5	1368	$2,100	$1.54	3d	1	0.19mi
1619 16th Ave S Unit 3 Birmingham, AL	2.0	1.0	700	$889	$1.27	23d	1	0.29mi
1709 16th Ave S Apt 3 Birmingham, AL	2.0	1.0	910	$1,363	$1.50	44d	1	0.31mi
1626 16th Ave S Unit 1 Birmingham, AL	1.0	1.0	743	$757	$1.02	44d	1	0.32mi
1626 16th Ave S Unit 3 Birmingham, AL	1.0	1.0	743	$762	$1.03	44d	1	0.32mi
1509 16th Ave S Birmingham, AL	1.0–2.0	1.0	665	$1,050	$1.58	2d	1	0.33mi
1521 17th St S Apt 23 Birmingham, AL	2.0	1.0	880	$875	$0.99	23d	1	0.35mi
1502 16th St S Unit ) Birmingham, AL	2.0	1.0	875	$995	$1.14	44d	1	0.36mi
1410 17th Ave S Birmingham, AL	1.0	1.0	728	$921	$1.27	19d	1	0.37mi
1410 17th Ave S Unit 2 Birmingham, AL	1.0	1.0	728	$921	$1.27	21d	1	0.37mi
1534 17th St S Birmingham, AL	1.0–2.0	1.0	848	$1,199	$1.41	1d	10	0.38mi
1340 18th Ave S Apt C2 Birmingham, AL	2.0	1.0	750	$850	$1.13	44d	1	0.39mi
1404 17th Ave S Unit 2 Birmingham, AL	2.0	1.0	900	$1,160	$1.29	44d	1	0.39mi
2524 18th Pl S Apt C Birmingham, AL	2.0	1.0	1000	$1,200	$1.20	44d	1	0.39mi
1320 18th Ave S Unit C3 Birmingham, AL	1.0	1.0	950	$995	$1.05	44d	1	0.41mi
1620 15th Ave S Birmingham, AL	2.0	1.0	840	$1,025	$1.22	3d	3	0.45mi
1732 14th Ter S Birmingham, AL	2.0	1.5	1120	$1,345	$1.20	23d	1	0.47mi
1434 18th St S Unit 9 Birmingham, AL	1.0	1.0	770	$800	$1.04	23d	1	0.47mi
1434 18th St S Unit 11 Birmingham, AL	2.0	1.0	872	$900	$1.03	23d	1	0.47mi
1629 14th Ave S Birmingham, AL	2.0	1.0	800	$1,179	$1.47	19d	1	0.49mi
1629 14th Ave S Unit 1629-J Birmingham, AL	2.0	1.0	800	$1,083	$1.35	3d	1	0.49mi
1429 18th St S Apt B Birmingham, AL	1.0	1.0	830	$1,052	$1.27	3d	1	0.49mi
1429 18th St S Birmingham, AL	1.0	1.0	830	$1,068	$1.29	44d	1	0.49mi
1413 14th St S Unit 201 Birmingham, AL	2.0	1.0	725	$875	$1.21	14d	1	0.51mi
1913 16th Ave S Unit 1Apt A Birmingham, AL	2.0	2.0	1200	$1,650	$1.38	44d	1	0.52mi
1600 14th Ave S Birmingham, AL	2.0	1.0	900	$1,172	$1.30	14d	1	0.52mi
1600 14th Ave S Unit 8 Birmingham, AL	2.0	1.0	900	$1,106	$1.23	21d	1	0.52mi
1901 16th Ave S Unit B Birmingham, AL	2.0	2.0	1200	$1,850	$1.54	2d	1	0.52mi
1409 14th St S Birmingham, AL	2.0	1.0	940	$1,257	$1.34	14d	1	0.53mi
1327 16th St S Unit 3 Birmingham, AL	2.0	1.0	921	$1,143	$1.24	3d	1	0.53mi
1327 16th St S Apt 4 Birmingham, AL	2.0	1.0	921	$1,110	$1.21	23d	1	0.53mi
1407 14th St S Birmingham, AL	2.0	2.0	805	$1,352	$1.68	3d	1	0.53mi
1407 14th St S Apt 3 Birmingham, AL	2.0	2.0	805	$1,263	$1.57	21d	1	0.53mi
1322 15th Ave S Unit 1326-F Birmingham, AL	2.0	1.0	756	$1,134	$1.50	16d	1	0.54mi
1322 15th Ave S Unit 1330-D Birmingham, AL	2.0	1.0	756	$1,128	$1.49	21d	1	0.54mi
1322 15th Ave S Unit 1328-A Birmingham, AL	2.0	1.0	756	$1,135	$1.50	16d	1	0.54mi
1322 15th Ave S Birmingham, AL	2.0	1.0	582	$1,297	$2.23	3d	4	0.54mi
1703 Richard Arrington Junior Blvd S Unit 11 Birmingham, AL	2.0	1.0	800	$1,095	$1.37	44d	1	0.55mi
1417 13th Pl S Birmingham, AL	2.0	2.0	1245	$1,950	$1.57	21d	1	0.56mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $139,500 Active 100 DOM
2. 2026-06-17
   days on market $139,500 Active 99 DOM
3. 2026-06-16
   days on market $139,500 Active 98 DOM
4. 2026-06-15
   days on market $139,500 Active 97 DOM
5. 2026-06-13
   days on market $139,500 Active 95 DOM
6. 2026-06-10
   days on market $139,500 Active 92 DOM
7. 2026-06-09
   days on market $139,500 Active 91 DOM
8. 2026-06-08
   days on market $139,500 Active 90 DOM
9. 2026-06-07
   days on market $139,500 Active 89 DOM
10. 2026-06-03
    days on market $139,500 Active 85 DOM
11. 2026-06-02
    days on market $139,500 Active 84 DOM
12. 2026-06-01
    days on market $139,500 Active 83 DOM
13. 2026-05-31
    days on market $139,500 Active 82 DOM
14. 2026-05-04
    price $149,000 261-char remark

    Show marketing remark (261 chars)

    2BR and 2BA, 2 story end unit. Five minutes to UAB, Samford university, Homewood & Five Points South. A full bath and laundry area on the main level. Plenty of windows with natural sunlight, living room with built in bookshelf. Hardwoods floor throughout.

15. 2026-03-10
    listed $165,000 Active 261-char remark

    Show marketing remark (261 chars)

    2BR and 2BA, 2 story end unit. Five minutes to UAB, Samford university, Homewood & Five Points South. A full bath and laundry area on the main level. Plenty of windows with natural sunlight, living room with built in bookshelf. Hardwoods floor throughout.

16. 2024-10-11
    price $172,900
17. 2024-09-04
    price $174,900
18. 2024-08-17
    price $179,500
19. 2024-05-13
    price $182,500
20. 2017-10-24
    soldstatus $58,000 Sold
21. 2017-09-29
    historical Contingent
22. 2017-09-28
    listed $59,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 6 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,427
• − Mortgage interest: −$7,814
• − Property taxes: −$2,092
• − Insurance: −$698
• − Repairs & maintenance: −$1,154
• − Management: −$1,154
• − Depreciation: −$4,058
• Taxable loss: −$2,544
• Est. tax savings @ 24.0%: +$611
• After-tax cash flow: $439/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: Homewood City
• NCES district ID: 0101760
• Math proficiency: 55% ▼ -20.00%
• Reading proficiency: 74% ▲ 6.00%
• Median HH income: $63,366
• Composite: 56.01/100
• National rank: #1189
• State rank: #3 of 129 in AL

Livability — Homewood

• Score: 80/100
• State rank: #5
• US rank: #1730

Category grades

Amenities C Commute A+ Cost of living F Crime B Employment A+ Housing A+ Health & safety C User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, AL
• County: Jefferson County · 527,445 people
• City population: 32,734
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 32,734
• Household income: $71,439
• Rent vs Own: 51.5% rent · 48.5% own
• Severe rent burden: 1879.0

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 White (64%)
• Race & ethnicity: White 64% Black 23% Hispanic / Latino 7% Two or more races 4% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 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: ▼ -472.07%
• Current HPI: 312.2185
• Rent YoY: ▲ 3.34%
• 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

+148.7% since first listed

9 events — show timeline

• 2026-05-04 Price Changed $149,000 Greater Alabama MLS
• 2026-03-10 Listed $165,000 Greater Alabama MLS
• 2024-10-11 Price Changed $172,900 Greater Alabama MLS
• 2024-09-04 Price Changed $174,900 Greater Alabama MLS
• 2024-08-17 Price Changed $179,500 Greater Alabama MLS
• 2024-05-13 Price Changed $182,500 Greater Alabama MLS
• 2017-10-24 Sold (MLS) $58,000 Greater Alabama MLS
• 2017-09-29 Contingent — Greater Alabama MLS
• 2017-09-28 Listed $59,900 Greater Alabama MLS