407 Glynn Dr · Birmingham, AL 35215

$149,900

3 bd · 2.5 ba · 1,916 sqft · SingleFamily public records · 23 Days on market

Built 1958 0.34 ac lot Est $155k · at est.

---

Why this score? — see what drove the D 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 +15.1/30.0
• ARV discount +9.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• 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

Charming 4-bedroom, 2-bathroom brick and siding home located in the established Cloverdale neighborhood of Birmingham. This home features 1699 square feet of functional living space, including a living room, dining room, den, and an additional bonus room. The interior offers a blend of classic carpet and vinyl flooring, forced-air gas heating, and an electric water heater. Outside, the property sits on a spacious 0.34-acre lot with a private driveway for convenient off-street parking. Situated in Jefferson County, the home provides easy access to local amenities and is zoned for Martha Gaskins Elementary, Smith Middle, and Huffman High School.

Key facts

• Private driveway
• 0.34-acre lot
• 0.34 acre lot

Tags

• PRIVATE DRIVEWAY
• 0.34-ACRE LOT
• FUNCTIONAL LIVING SPACE
• ZONED FOR SMITH MIDDLE
• ZONED FOR HUFFMAN HIGH SCHOOL

Property features AI

Finance

• Other: Property in the Cloverdale subdivision; Lot about 0.34 acre; Flood plain: No
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Public water; Electric water heater; Internet availability unknown
• Home design: One-story living areas (rooms listed on main level); 1-side brick construction
• Construction: Slab foundation; Existing structure
• Exterior features: Open patio; Open deck; Not waterfront; No pool; No garden view

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level (total of 3 bedrooms listed plus master)
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms with tub/shower combo
• Heating & cooling: Forced air heating; Central electric cooling
• Interior features: Ceilings noted as 'Other (see remarks)'; No attic; Has laundry
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $51 ($609/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 $137k (8.8% below list).
• Recommended offer: $137k (8.8% 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-, 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: Martha Gaskins K5 (math 0% / reading 15%, grade F, #598 of 627 statewide, top 96%, 509 students, 87% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL) — zoned schools at 79% FRL track the district average.
• Market conditions: Rents rising (+3.0%/yr); 336 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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 31% 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 23 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $136,643 (8.8% below list)

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.91% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.45%
• DSCR: 1.06
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $155,196
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
329 Bridlewood Dr	0.13mi	3/1.5	1,927 (+1%)	5mo	$82,450	$43	84
317 Westwood Dr	0.21mi	3/1.5	1,811 (-6%)	0mo	$124,000	$68	77
140 Redstone Way	0.31mi	4/2.0 (+1)	1,935 (+1%)	8mo	$160,000	$83	70
58 Sunburst Dr	0.29mi	3/2.0	1,869 (-2%)	18mo	$152,000	$81	65
37 Sunscape Dr	0.54mi	3/2.0	2,023 (+6%)	2mo	$205,500	$102	62
812 Hickory Dr	0.39mi	3/3.5	1,950 (+2%)	18mo	$244,900	$126	60
204 Killough Dr	0.63mi	3/2.0	1,863 (-3%)	5mo	$249,900	$134	60
824 Hickory Dr	0.35mi	4/2.0 (+1)	1,750 (-9%)	3mo	$190,000	$109	60
9801 Redcliff Rd	0.73mi	3/1.5	1,893 (-1%)	11mo	$132,000	$70	51
93 Moonglow Dr	0.41mi	3/1.0	1,680 (-12%)	10mo	$127,000	$76	46
1109 Moonglow Cir	0.62mi	3/2.0	2,161 (+13%)	2mo	$165,000	$76	46
173 Roebuck Dr	0.64mi	3/1.0	1,682 (-12%)	7mo	$72,000	$43	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 · 3.04% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.50×
• Total profit: $-20,986
• Equity at exit: $22,351

10-year hold

• IRR: -5.0%
• Equity multiple: 0.67×
• Total profit: $-13,819
• 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: 336
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,366 high
• Mortgage (P&I): −$786
• Tax from tax record: −$180 /mo · $2,162/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $51

Break-even live

Break-even rent $1,302

Max offer price $149,900

Occupancy floor 91%

Sensitivity live

Price	-10% $136	-5% $93	+0% $51	+5% $8	+10% $-34
Rent	-10% $-57	-5% $-3	+0% $51	+5% $105	+10% $159
Rate	-1.0pp $126	-0.5pp $89	base $51	+0.5pp $12	+1.0pp $-28

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 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
316 Pine St Birmingham, AL	3.0	1.0	1232	$1,100	$0.89	45d	1	0.26mi
957 Hickory Cir Birmingham, AL	3.0	2.0	1364	$1,195	$0.88	5d	1	0.29mi
241 Mamie Ln Birmingham, AL	3.0	2.0	1242	$1,495	$1.20	5d	1	0.48mi
40 Sunscape Dr Birmingham, AL	3.0	2.0	1283	$1,555	$1.21	3d	1	0.53mi
921 Charles Ct Birmingham, AL	4.0	2.0	1529	$1,450	$0.95	45d	1	0.60mi
1128 Lay Dr Birmingham, AL	3.0	1.5	1700	$1,410	$0.83	13d	1	0.74mi
945 Elizabeth Dr Birmingham, AL	3.0	1.0	1227	$1,125	$0.92	5d	1	0.80mi
832 Meadowbrook Dr Birmingham, AL	3.0	2.0	1228	$1,225	$1.00	25d	1	1.01mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	13d	1	1.02mi
1177 Five Mile Rd Birmingham, AL	3.0	2.0	1636	$1,100	$0.67	45d	1	1.06mi
1112 Violet Dr Birmingham, AL	3.0	2.0	1414	$1,600	$1.13	13d	1	1.07mi
417 Price Dr Birmingham, AL	4.0	2.0	1584	$1,395	$0.88	25d	1	1.14mi
617 Carson Crest Cir Birmingham, AL	4.0	2.0	1528	$1,723	$1.13	18d	1	1.17mi
1232 Oakwood St Birmingham, AL	3.0	1.5	1301	$1,223	$0.94	25d	1	1.43mi
1328 5th Pl NW Center Point, AL	3.0	1.0	1250	$1,050	$0.84	18d	1	1.44mi
1153 Linwood St Birmingham, AL	3.0	2.0	1250	$1,295	$1.04	5d	1	1.49mi

Listing history 14 events

1. 2026-06-21
   days on market $149,900 Active 23 DOM
2. 2026-06-18
   days on market $149,900 Active 20 DOM
3. 2026-06-17
   days on market $149,900 Active 19 DOM
4. 2026-06-16
   days on market $149,900 Active 18 DOM
5. 2026-06-15
   days on market $149,900 Active 17 DOM
6. 2026-06-13
   days on market $149,900 Active 15 DOM
7. 2026-06-10
   days on market $149,900 Active 12 DOM
8. 2026-06-09
   days on market $149,900 Active 11 DOM
9. 2026-06-08
   days on market $149,900 Active 10 DOM
10. 2026-06-07
    days on market $149,900 Active 9 DOM
11. 2026-06-03
    days on market $149,900 Active 5 DOM
12. 2026-06-02
    days on market $149,900 Active 4 DOM
13. 2026-06-01
    days on market $149,900 Active 3 DOM
14. 2026-05-31
    days on market $149,900 Active 2 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: $2,162 · $180/mo
• Projected year-2 tax: $2,162 · $180/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 ≥105°F today · 18 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: $16,397
• − Mortgage interest: −$8,397
• − Property taxes: −$2,162
• − Insurance: −$750
• − Repairs & maintenance: −$1,312
• − Management: −$1,312
• − Depreciation: −$4,361
• Taxable loss: −$1,895
• Est. tax savings @ 24.0%: +$455
• After-tax cash flow: $1,064/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

+340.9% since first listed

4 events — show timeline

• 2026-05-29 Listed $149,900 Greater Alabama MLS
• 2024-03-12 Sold (Public Records) $408,529,000 Public Records
• 1996-06-18 Sold (Public Records) $66,000 Public Records
• 1987-11-05 Sold (Public Records) $34,000 Public Records

Property tax history

+3.9%/yr

Latest (2025): $2,162 · +4.3% YoY. Source: county tax records.