3012 Anniston Ave · Birmingham, AL 35208

$75,000

2 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 44 Days on market

Built 1940 6,534 sqft lot $65/sqft · at area comps Est $77k · at est.

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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
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +8.4/15.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTN Investors! Welcome to 3012 Anniston Ave in Birmingham! This charming home offers 2 bedrooms 1 full bath and 1152 sq ft of comfortable living space with character throughout. Step inside to find a large great room perfect for entertaining and relaxing! Add this one to your portfolio!!

Key facts

• 6,534 sq ft lot
• Built 1940
• Listed 44 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.4% 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-, 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 fast (+7.2%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 52% 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 34% of the median local income ($39k/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 $519 of loan paydown is wiped out by about $2k 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 + 7.2% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.45% ✓
• Cap rate: 12.42%
• Cash-on-cash: 21.88%
• DSCR: 1.97
• GRM: 5.8

CMA / ARV

• ARV (median comp): $76,546
• List price: $75,000
• Delta: -2.02%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2700 30th Street Ensley	0.06mi	3/1.0 (+1)	1,136 (-1%)	6mo	$33,500	$29	85
2716 29th St	0.16mi	2/1.0	1,032 (-10%)	2mo	$48,000	$47	73
2712 24th St	0.23mi	3/1.0 (+1)	1,232 (+7%)	8mo	$42,000	$34	66
2732 29th St	0.16mi	3/1.0 (+1)	1,242 (+8%)	11mo	$105,000	$85	65
3102 Border St	0.33mi	3/1.0 (+1)	1,019 (-12%)	1mo	$75,000	$74	59
2568 29th St	0.16mi	3/2.0 (+1)	1,275 (+11%)	10mo	$159,000	$125	57
2016 26th St W	0.53mi	3/2.0 (+1)	1,156 (+0%)	11mo	$70,000	$61	56
3009 Prince Ave	0.66mi	3/1.0 (+1)	1,176 (+2%)	8mo	$50,000	$43	54
1312 1st Ct W	0.73mi	3/2.0 (+1)	1,148 (-0%)	3mo	$177,000	$154	54
1856 Woodland Ave SW	0.70mi	3/1.5 (+1)	1,195 (+4%)	10mo	$24,000	$20	45
1861 Woodland Ave SW	0.73mi	3/1.0 (+1)	1,248 (+8%)	10mo	$92,000	$74	39
1723 7th Ave W	0.65mi	3/1.0 (+1)	1,272 (+10%)	13mo	$86,608	$68	36

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 19.0%
• Equity multiple: 1.81×
• Total profit: $17,045
• Equity at exit: $11,183

10-year hold

• IRR: 30.0%
• Equity multiple: 4.23×
• Total profit: $67,797
• Equity at exit: $6,485

Cash invested: $21,000 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $1,084 high
• Mortgage (P&I): −$393
• Tax from tax record: −$49 /mo · $587/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $383

Break-even live

Break-even rent $599

Max offer price $75,000

Occupancy floor 60%

Sensitivity live

Price	-10% $425	-5% $404	+0% $383	+5% $362	+10% $340
Rent	-10% $297	-5% $340	+0% $383	+5% $426	+10% $469
Rate	-1.0pp $421	-0.5pp $402	base $383	+0.5pp $363	+1.0pp $344

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2712 24th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1232	$1,099	$0.89	24d	1	0.24mi
2421 29th Street Ensley Unit C Birmingham, AL	2.0	1.0	950	$703	$0.74	24d	1	0.27mi
2329 30th Street Ensley Birmingham, AL	2.0	1.0	917	$990	$1.08	24d	1	0.33mi
2304 Eufaula Ave Birmingham, AL	3.0	1.0	1381	$980	$0.71	44d	1	0.36mi
2916 24th Street Ensley Birmingham, AL	2.0	1.0	850	$590	$0.69	24d	1	0.39mi
2609 20th Street Ensley Birmingham, AL	3.0	2.0	1229	$1,550	$1.26	44d	1	0.45mi
2609 20th Street Ensley Birmingham, AL	3.0	2.0	1500	$1,550	$1.03	4d	1	0.45mi
2337 23rd Street Ensley Birmingham, AL	3.0	1.0	1446	$1,295	$0.90	44d	1	0.46mi
2621 20th Street Ensley Birmingham, AL	3.0	1.0	1117	$1,295	$1.16	44d	1	0.46mi
2356 22nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1500	$985	$0.66	24d	1	0.47mi
2037 26th Street Ensley Birmingham, AL	3.0	1.0	1074	$995	$0.93	44d	1	0.47mi
1621 2nd Ct W Birmingham, AL	3.0	1.0	1074	$1,095	$1.02	44d	1	0.49mi
2661 Bush Blvd Birmingham, AL	3.0	2.0	1024	$1,200	$1.17	44d	1	0.54mi
2426 Avenue U Unit U Birmingham, AL	3.0	2.0	1260	$1,175	$0.93	19d	1	0.56mi
3009 Prince Ave Birmingham, AL	3.0	2.0	1176	$1,095	$0.93	24d	1	0.65mi
1720 Cullman Ave Unit 2 Birmingham, AL	3.0	1.0	1174	$899	$0.77	22d	1	0.65mi
1720 Cullman Ave Unit 3 Birmingham, AL	3.0	2.0	1174	$950	$0.81	44d	1	0.65mi
132 17th St SW Birmingham, AL	2.0	1.0	738	$945	$1.28	44d	1	0.68mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	44d	1	0.73mi
3221 Avenue S Birmingham, AL	3.0	2.0	1190	$1,250	$1.05	24d	1	0.75mi
3113 Pike Rd Birmingham, AL	3.0	2.0	1143	$1,275	$1.12	44d	1	0.82mi
1437 Woodland Ave SW Birmingham, AL	3.0	1.0	1369	$1,100	$0.80	4d	1	0.84mi
1642 Graymont Ave W Birmingham, AL	3.0	1.0	1219	$1,090	$0.89	3d	1	0.86mi
2017 48th Street Ensley Birmingham, AL	3.0	2.0	1383	$1,250	$0.90	44d	1	0.86mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	24d	1	0.88mi
219 12th St W Birmingham, AL	2.0	1.0	800	$799	$1.00	24d	1	0.88mi
1616 28th Street Ensley Birmingham, AL	3.0	1.0	1081	$1,100	$1.02	44d	1	0.94mi
1825 18th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1316	$1,123	$0.85	44d	1	0.96mi
1609 Pike Rd Birmingham, AL	2.0	1.5	820	$800	$0.98	19d	5	0.97mi
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	2d	1	0.97mi
1816 Saint Charles Ave SW Birmingham, AL	3.0	1.0	1395	$1,295	$0.93	24d	1	0.97mi
1316 Court R Birmingham, AL	3.0	1.0	904	$900	$1.00	11d	1	0.97mi
2610 Avenue P Birmingham, AL	3.0	2.0	1014	$850	$0.84	44d	1	1.00mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	44d	1	1.00mi
521 16th St SW Unit 523 Birmingham, AL	2.0	1.0	800	$800	$1.00	44d	1	1.02mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	44d	1	1.02mi
1545 29th Street Ensley Birmingham, AL	3.0	1.5	1331	$1,200	$0.90	44d	1	1.02mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	44d	1	1.03mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	4d	1	1.03mi
1306 Avenue R Unit R Birmingham, AL	3.0	1.0	980	$950	$0.97	44d	1	1.04mi

Listing history 23 events

1. 2026-06-18
   days on market $75,000 Active 44 DOM
2. 2026-06-17
   days on market $75,000 Active 43 DOM
3. 2026-06-16
   remarks 373-char remark
4. 2026-06-16
   status $75,000 Active 42 DOM
5. 2026-06-13
   statusdays on market $75,000 Pending 42 DOM
6. 2026-06-10
   days on market $75,000 Active 41 DOM
7. 2026-06-09
   days on market $75,000 Active 40 DOM
8. 2026-06-08
   days on market $75,000 Active 39 DOM
9. 2026-06-07
   days on market $75,000 Active 38 DOM
10. 2026-06-03
    days on market $75,000 Active 34 DOM
11. 2026-06-02
    status $75,000 Active 33 DOM
12. 2026-04-17
    listed $75,000 Active 289-char remark

    Show marketing remark (289 chars)

    ATTN Investors! Welcome to 3012 Anniston Ave in Birmingham! This charming home offers 2 bedrooms 1 full bath and 1152 sq ft of comfortable living space with character throughout. Step inside to find a large great room perfect for entertaining and relaxing! Add this one to your portfolio!!

13. 2026-04-11
    historical $925
14. 2026-02-25
    listed $925
15. 2023-10-04
    soldstatus $530,000
16. 2023-10-02
    soldstatus $66,250 Sold 583-char remark

    Show marketing remark (583 chars)

    Welcome to the ideal addition to your investment portfolio! This two-bedroom, one-bath with a tenant already in place. Enjoy the benefits of a steady rental income. Tenant remains Rented for $750 per month. Rent roll in documents. Can be purchased separate or as an 8 package deal, properties in close proximity. All sold with tenants in place. Cannot be shown until under contract for inspection. Monthly rental total for all 8 properties - $6,146 Addresses: 1) 1304 Ave G, 2) 2318 Ave H, 3) 4717 Terrace M, 4) 1143 41st Street, 5) 5720 Court I 6) 4720 Court M 7) 915 38th Street.

17. 2023-08-04
    historical Contingent 583-char remark

    Show marketing remark (583 chars)

    Welcome to the ideal addition to your investment portfolio! This two-bedroom, one-bath with a tenant already in place. Enjoy the benefits of a steady rental income. Tenant remains Rented for $750 per month. Rent roll in documents. Can be purchased separate or as an 8 package deal, properties in close proximity. All sold with tenants in place. Cannot be shown until under contract for inspection. Monthly rental total for all 8 properties - $6,146 Addresses: 1) 1304 Ave G, 2) 2318 Ave H, 3) 4717 Terrace M, 4) 1143 41st Street, 5) 5720 Court I 6) 4720 Court M 7) 915 38th Street.

18. 2023-07-31
    listed $62,500 Active 583-char remark

    Show marketing remark (583 chars)

    Welcome to the ideal addition to your investment portfolio! This two-bedroom, one-bath with a tenant already in place. Enjoy the benefits of a steady rental income. Tenant remains Rented for $750 per month. Rent roll in documents. Can be purchased separate or as an 8 package deal, properties in close proximity. All sold with tenants in place. Cannot be shown until under contract for inspection. Monthly rental total for all 8 properties - $6,146 Addresses: 1) 1304 Ave G, 2) 2318 Ave H, 3) 4717 Terrace M, 4) 1143 41st Street, 5) 5720 Court I 6) 4720 Court M 7) 915 38th Street.

19. 2021-02-02
    soldstatus $57,000
20. 2020-12-21
    listed $57,000
21. 2008-08-19
    soldstatus $15,000
22. 2002-08-02
    soldstatus $30,000
23. 1980-03-01
    soldstatus $26,000

ⓘ 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: $587 · $49/mo
• Projected year-2 tax: $587 · $49/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 1/10 Low
• 🌡 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: $13,009
• − Mortgage interest: −$4,201
• − Property taxes: −$587
• − Insurance: −$375
• − Repairs & maintenance: −$1,041
• − Management: −$1,041
• − Depreciation: −$2,182
• Taxable income: $3,582
• Est. tax owed @ 24.0%: −$860
• After-tax cash flow: $3,735/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+188.5% since first listed

12 events — show timeline

• 2026-04-17 Listed $75,000 Greater Alabama MLS
• 2026-04-11 Rental Removed $925 GALMLS
• 2026-02-25 Listed for Rent $925 GALMLS
• 2023-10-04 Sold (Public Records) $530,000 Public Records
• 2023-10-02 Sold (MLS) $66,250 Greater Alabama MLS
• 2023-08-04 Contingent — Greater Alabama MLS
• 2023-07-31 Listed $62,500 Greater Alabama MLS
• 2021-02-02 Sold (MLS) $57,000 Greater Alabama MLS
• 2020-12-21 Listed $57,000 Greater Alabama MLS
• 2008-08-19 Sold (Public Records) $15,000 Public Records
• 2002-08-02 Sold (Public Records) $30,000 Public Records
• 1980-03-01 Sold (Public Records) $26,000 Public Records

Property tax history

-0.8%/yr

Latest (2025): $587 · +0.0% YoY. Source: county tax records.