1652 Azalea Dr · Birmingham, AL 35235

$125,000

3 bd · 1.0 ba · 1,120 sqft · SingleFamily public records · 8 Days on market

Built 1979 0.52 ac lot Est $158k · 21% under

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.8/10.0
• 1% rule +7.1/10.0
• 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

One level living on dead end street with lots of wooded views abounding in this home. This home has a lot of major improvements which include: New HVAC 2019, New Roof 2019, New Gutters 2020, Kitchen Floor - 2020, New Garage Door 2020. This home also has a large fenced yard both on front, side and back of home ready for your furry friends. This home also has a full unfinished basement which is stubbed for a second bath and can be finished out for a lot more space. Make plans to see this one today!

Key facts

• Dead end street
• Oversized lot
• 0.52 acre lot

Tags

• OVERSIZED LOT
• DEAD END STREET

Property features AI

Finance

• Other: Lot size approximately 0.52 acres; Subdivision: SPRING LAKE MANOR
• HOA & community: No association fee

Exterior

• Parking: Rear garage entry; Driveway parking; 1 total garage space (basement level)
• Utilities: Public water; Connected sewer; Electric water heater; Internet availability: unknown
• Home design: Existing construction; Siding (other); Basement foundation; Not waterfront; No pool; No patio; No garden/patio
• Construction: Siding exterior; Basement foundation
• Exterior features: Fenced yard; Open deck

Interior

• Kitchen: Laminate countertops; Breakfast bar and eating area; Refrigerator; Some stainless appliances; Electric stove
• Bedrooms: Master bedroom on main level; Additional bedroom on main level
• Flooring: Carpet; Concrete; Hardwood laminate; Vinyl
• Bathrooms: One full bath on main level; One half bath in basement; Tub/shower combo; Linen closet
• Heating & cooling: Central heating (electric); Central cooling
• Interior features: Handyman special; Ceilings: other (see remarks); Walk-up attic; Full unfinished basement with plumbing stubbed and concrete block
• Laundry & utility: Laundry in basement (utilities in garage); Dryer hookup: electric; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $257 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $125k).
• Cap rate 9.3% 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); 114 active listings in the ZIP; 16 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 $864 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 $35k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 9y ago; this cycle's ask is 39% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $80k; list at $125k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo.
• Climate carrying-cost: severe flood risk; 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 $125,000

Questions for the listing agent

1. Built in 1979 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 1.21% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.72%
• DSCR: 1.48
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $157,920
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1503 Wilderness Ln	0.18mi	4/2.0 (+1)	1,209 (+8%)	1mo	$135,000	$112	69
1608 Azalea Dr	0.16mi	3/2.0	1,131 (+1%)	22mo	$145,000	$128	68
1801 Molly Ln	0.74mi	3/2.0	1,176 (+5%)	5mo	$249,000	$212	49
1709 Driftwood Ln	0.49mi	3/2.0	1,288 (+15%)	15mo	$182,000	$141	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 · 5.39% rent growth · sell at horizon

5-year hold

• IRR: -0.1%
• Equity multiple: 1.00×
• Total profit: $-92
• Equity at exit: $18,638

10-year hold

• IRR: 12.1%
• Equity multiple: 2.07×
• Total profit: $37,290
• Equity at exit: $10,808

Cash invested: $35,000 (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 35235

• Home prices YoY: -21.1%
• Rents YoY: 5.4%
• Active inventory: 114
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,508 high
• Mortgage (P&I): −$656
• Tax from tax record: −$171 /mo · $2,056/yr
• Insurance: −$52
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $257

Break-even live

Break-even rent $1,183

Max offer price $125,000

Occupancy floor 78%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 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	3d	1	0.07mi
1729 Tall Oak Cir Birmingham, AL	3.0	2.0	1403	$1,630	$1.16	2d	1	0.11mi
1421 Brewster Cir Birmingham, AL	3.0	2.0	1439	$1,525	$1.06	2d	1	0.31mi
1516 Highland Dr Birmingham, AL	4.0	2.0	1104	$1,675	$1.52	15d	1	0.34mi
1440 Hickory Ln Birmingham, AL	3.0	2.0	1448	$1,625	$1.12	2d	1	0.57mi
1830 Christian St Birmingham, AL	3.0	2.0	1468	$1,375	$0.94	3d	1	0.85mi
1748 Sonia Dr Birmingham, AL	4.0	2.0	1401	$1,395	$1.00	44d	1	0.95mi
1360 Orlando Cir NE Birmingham, AL	3.0	2.0	1489	$1,455	$0.98	24d	1	1.14mi
1935 Springlake Ct Unit 1 Birmingham, AL	2.0	1.5	1152	$1,095	$0.95	44d	1	1.18mi
1845 Stonehenge Dr Birmingham, AL	3.0	2.0	1358	$1,323	$0.97	15d	1	1.19mi
1340 Orlando Cir NE Birmingham, AL	3.0	2.0	1329	$1,166	$0.88	24d	1	1.22mi
1817 Lyle Dr Birmingham, AL	4.0	2.0	1361	$1,605	$1.18	24d	1	1.24mi
1814 Valley Run Cir Birmingham, AL	3.0	1.0	1025	$1,350	$1.32	44d	1	1.24mi
341 Argonne Dr NE Center Point, AL	3.0	1.0	1040	$1,300	$1.25	3d	1	1.36mi
2025 Brewster Rd Birmingham, AL	3.0	2.0	1369	$1,450	$1.06	24d	1	1.44mi
213 Meadwood Dr NE Center Point, AL	3.0	1.0	1194	$995	$0.83	44d	1	1.50mi

Listing history 6 events

1. 2026-06-18
   days on market $125,000 Coming Soon 8 DOM
2. 2026-06-17
   days on market $125,000 Coming Soon 7 DOM
3. 2026-06-16
   days on market $125,000 Coming Soon 6 DOM
4. 2026-06-15
   days on market $125,000 Coming Soon 5 DOM
5. 2026-06-13
   remarks 335-char remark
6. 2026-06-13
   listed $125,000 Coming Soon 3 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: $2,056 · $171/mo
• Projected year-2 tax: $2,056 · $171/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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $18,102
• − Mortgage interest: −$7,002
• − Property taxes: −$2,056
• − Insurance: −$1,292
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − Depreciation: −$3,636
• Taxable income: $1,220
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $2,794/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

+237.8% since first listed

12 events — show timeline

• 2026-06-11 Coming Soon $125,000 Greater Alabama MLS
• 2020-12-03 Sold (Public Records) $80,000 Public Records
• 2020-12-02 Sold (MLS) $80,000 Greater Alabama MLS
• 2020-11-20 Contingent — Greater Alabama MLS
• 2020-11-09 Price Changed $85,000 Greater Alabama MLS
• 2020-11-05 Listed $90,000 Greater Alabama MLS
• 2020-11-01 Coming Soon $90,000 Greater Alabama MLS
• 2018-01-09 Sold (Public Records) $68,000 Public Records
• 2018-01-08 Sold (MLS) $68,000 Greater Alabama MLS
• 2017-12-15 Delisted — Greater Alabama MLS
• 2017-11-02 Listed $69,900 Greater Alabama MLS
• 1978-12-27 Sold (Public Records) $37,000 Public Records

Property tax history

+12.4%/yr

Latest (2025): $2,056 · +6.9% YoY. Source: county tax records.