1503 Wilderness Ln · Birmingham, AL 35235

$134,950

3 bd · 2.0 ba · 1,209 sqft · SingleFamily public records · 174 Days on market

Built 1984 0.48 ac lot Est $170k · 21% 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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.2/10.0
• Rent growth +3.8/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3BR/2BA

Key facts

• Spacious yard
• Half-acre lot
• Ample cabinetry

Tags

• HALF-ACRE LOT
• SINGLE-LEVEL LAYOUT
• AMPLE CABINETRY
• FULL BASEMENT
• SPACIOUS YARD
• MATURE TREES

Property features AI

Finance

• Financial info: Down payment assistance available

Exterior

• Parking: Front garage entry; Two-car garage (2 total garage spaces); Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Brick over foundation with Hardiplank siding; Basement foundation; Basement: full basement with both finished and unfinished areas constructed of concrete block; Tri-level: no; split level: no; split foyer: no; Subdivision: Cedarbark
• Construction: Existing construction (year built listed as existing)
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront; Property partly in a flood plain

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Electric oven; Electric stove; Refrigerator
• Bedrooms: Multiple bedrooms on main level (three bedrooms listed on level 1); Den/family room on main level
• Flooring: Carpet
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Heat pump for heating; Heat pump for cooling
• Interior features: Carpet flooring; Stone woodburning fireplace in the family room; Ceilings: other (see remarks); No additional built-in interior features listed
• Laundry & utility: Laundry in basement; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $243 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% 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: Huffman Academy (math 0% / reading 17%, grade F, #594 of 627 statewide, top 95%, 735 students, 79% FRL); Huffman High Schoolmagnet (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 1,147 students, 72% FRL).
• Market conditions: Rents rising fast (+5.4%/yr); 113 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 16d 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 $934 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.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $38k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 174 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $34k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 5→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $118,756 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.12% ✓
• Cap rate: 8.45%
• Cash-on-cash: 7.72%
• DSCR: 1.34
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $170,469
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1503 Wilderness Ln	0.00mi	4/2.0 (+1)	1,209 (0%)	1mo	$135,000	$112	94
1801 Molly Ln	0.71mi	3/2.0	1,176 (-3%)	5mo	$249,000	$212	58
1608 Azalea Dr	0.34mi	3/2.0	1,131 (-6%)	22mo	$145,000	$128	55
1709 Driftwood Ln	0.59mi	3/2.0	1,288 (+6%)	15mo	$182,000	$141	49
1729 English Knoll Cir	0.71mi	3/2.0	1,387 (+15%)	12mo	$175,000	$126	32
1432 Mesa Ln	0.71mi	3/2.0	1,353 (+12%)	21mo	$199,900	$148	29

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: -1.8%
• Equity multiple: 0.93×
• Total profit: $-2,624
• Equity at exit: $20,121

10-year hold

• IRR: 10.4%
• Equity multiple: 1.90×
• Total profit: $33,872
• Equity at exit: $11,668

Cash invested: $37,786 (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: 113
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,516 high
• Mortgage (P&I): −$708
• Tax from tax record: −$190 /mo · $2,285/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $243

Break-even live

Break-even rent $1,208

Max offer price $134,950

Occupancy floor 79%

Sensitivity live

Price	-10% $319	-5% $281	+0% $243	+5% $205	+10% $167
Rent	-10% $123	-5% $183	+0% $243	+5% $303	+10% $363
Rate	-1.0pp $311	-0.5pp $277	base $243	+0.5pp $208	+1.0pp $172

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: $33,738
• Closing costs: $4,048
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1753 Tall Oak Cir Birmingham, AL	3.0	2.0	1380	$1,225	$0.89	4d	1	0.22mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	3d	1	0.29mi
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	3d	1	0.42mi
1516 Highland Dr Birmingham, AL	4.0	2.0	1104	$1,675	$1.52	16d	1	0.51mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	3d	1	0.72mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	4d	1	0.93mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	45d	1	0.99mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	25d	1	1.31mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	25d	1	1.32mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	45d	1	1.33mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	45d	1	1.34mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	16d	1	1.36mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	25d	1	1.39mi
90 Meadows Dr Birmingham, AL	1.0–3.0	1.0–2.0	1098	$1,528	$1.39	3d	22	1.41mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	25d	1	1.50mi

Listing history 20 events

1. 2026-05-01
   status Pending
2. 2026-04-06
   price $134,950
3. 2026-03-11
   price $145,000
4. 2026-01-09
   price $150,000
5. 2025-11-20
   price $159,000
6. 2025-11-07
   listed $169,000 Active
7. 2025-06-19
   price $170,000
8. 2025-06-05
   price $174,900
9. 2025-05-09
   price $179,900
10. 2025-04-07
    historical $1,395
11. 2025-03-07
    listed $1,395
12. 2024-08-03
    historical $1,395
13. 2024-08-01
    listed $1,395
14. 2021-05-25
    soldstatus $1,250,000
15. 2021-05-20
    soldstatus $70,644 Sold 7-char remark

    Show marketing remark (7 chars)

    3BR/2BA

16. 2021-05-13
    historical 7-char remark

    Show marketing remark (7 chars)

    3BR/2BA

17. 2021-04-16
    historical Contingent 7-char remark

    Show marketing remark (7 chars)

    3BR/2BA

18. 2021-04-03
    listed $98,500 Active 7-char remark

    Show marketing remark (7 chars)

    3BR/2BA

19. 2000-11-02
    soldstatus $66,500
20. 1983-12-22
    soldstatus $64,200

ⓘ 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: $2,285 · $190/mo
• Projected year-2 tax: $2,285 · $190/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 5 d/yr ≥105°F today · 14 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: $18,188
• − Mortgage interest: −$7,559
• − Property taxes: −$2,285
• − Insurance: −$675
• − Repairs & maintenance: −$1,455
• − Management: −$1,455
• − Depreciation: −$3,926
• Taxable income: $832
• Est. tax owed @ 24.0%: −$200
• After-tax cash flow: $2,716/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): 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

+110.2% since first listed

20 events — show timeline

• 2026-05-01 Pending — Greater Alabama MLS
• 2026-04-06 Price Changed $134,950 Greater Alabama MLS
• 2026-03-11 Price Changed $145,000 Greater Alabama MLS
• 2026-01-09 Price Changed $150,000 Greater Alabama MLS
• 2025-11-20 Price Changed $159,000 Greater Alabama MLS
• 2025-11-07 Listed $169,000 Greater Alabama MLS
• 2025-06-19 Price Changed $170,000 Greater Alabama MLS
• 2025-06-05 Price Changed $174,900 Greater Alabama MLS
• 2025-05-09 Price Changed $179,900 Greater Alabama MLS
• 2025-04-07 Rental Removed $1,395 RENT.
• 2025-03-07 Listed for Rent $1,395 RENT.
• 2024-08-03 Rental Removed $1,395 RENT.
• 2024-08-01 Listed for Rent $1,395 RENT.
• 2021-05-25 Sold (Public Records) $1,250,000 Public Records
• 2021-05-20 Sold (MLS) $70,644 Greater Alabama MLS
• 2021-05-13 Delisted — Greater Alabama MLS
• 2021-04-16 Contingent — Greater Alabama MLS
• 2021-04-03 Listed $98,500 Greater Alabama MLS
• 2000-11-02 Sold (Public Records) $66,500 Public Records
• 1983-12-22 Sold (Public Records) $64,200 Public Records

Property tax history

+3.7%/yr

Latest (2025): $2,285 · +0.0% YoY. Source: county tax records.