1648 Mims St SW · Birmingham, AL 35211

$127,500

3 bd · 1.0 ba · 950 sqft · SingleFamily public records · 9 Days on market

Built 1955 8,276 sqft lot

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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 +16.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.2/10.0
• 1% rule +4.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Good starter home you need to see it. Located on end of the street, minimal traffic. New roof, new air conditioning, new heating system. New paint inside and out! Hurry and schedule your showing today!

Key facts

• 8,276 sq ft lot
• Built 1955
• Listed 9 days

Property features AI

Finance

• Other: Lot size about 0.19 acres; Located in the College Hills subdivision

Exterior

• Parking: Off-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Existing construction; Siding (other)
• Construction: Crawl space foundation
• Exterior features: No waterfront; No pool; No patio; No garden/patio; No decks

Interior

• Kitchen: Laminate countertops
• Bedrooms: Two bedrooms on the main level
• Flooring: Hardwood floors
• Bathrooms: One full bathroom with tub/shower combo on the main level
• Heating & cooling: Central heating; Central cooling
• Interior features: Ceilings listed as other (see remarks); No additional interior features noted
• Laundry & utility: Main-level laundry area with washer hookup and electric dryer hookup; Has laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $128k.

Deal economics

• At list price, monthly cash flow is $77 ($927/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 $114k (10.2% below list).
• Recommended offer: $114k (10.2% 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: Wenonah High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 656 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents soft (-0.0%/yr); 154 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 39% of the median local income ($35k/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 $882 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 8y 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.
• Current owner paid $75k; list at $128k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $114,488 (10.2% below list)

Questions for the listing agent

1. Built in 1955 — 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: 0.90% ✗
• Cap rate: 7.02%
• Cash-on-cash: 2.60%
• DSCR: 1.12
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $55,100
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1524 Elm St SW	0.25mi	3/1.0	960 (+1%)	1mo	$43,000	$45	86
117 E SW Ann Dr	0.22mi	3/1.0	936 (-2%)	6mo	$65,000	$69	82
1311 18th Way SW	0.51mi	3/1.0	979 (+3%)	4mo	$20,500	$21	67
1545 17th Pl SW	0.53mi	3/1.0	920 (-3%)	4mo	$35,000	$38	66
1228 19th Pl SW	0.56mi	3/1.0	978 (+3%)	8mo	$66,500	$68	63
1920 SW 15th Way	0.51mi	3/2.0	972 (+2%)	7mo	$97,000	$100	62
1657 19th Pl	0.29mi	3/1.0	1,074 (+13%)	3mo	$40,000	$37	62
2436 Powderly Ave SW	0.68mi	2/1.0 (-1)	966 (+2%)	2mo	$32,500	$34	58
1324 19th St SW	0.48mi	2/2.0 (-1)	864 (-9%)	6mo	$83,500	$97	49
1813 Jefferson Ave SW	0.65mi	2/1.0 (-1)	816 (-14%)	1mo	$47,500	$58	40
1625 Pine Ave	0.64mi	2/1.0 (-1)	1,062 (+12%)	7mo	$15,000	$14	39
1448 Matt Leonard Dr SW	0.73mi	3/3.0	1,053 (+11%)	6mo	$206,000	$196	35

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -15.4%
• Equity multiple: 0.46×
• Total profit: $-19,113
• Equity at exit: $19,011

10-year hold

• IRR: -12.8%
• Equity multiple: 0.35×
• Total profit: $-23,342
• Equity at exit: $11,024

Cash invested: $35,700 (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 35211

• Rents YoY: -0.0%
• Active inventory: 154
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,145 high
• Mortgage (P&I): −$669
• Tax from tax record: −$105 /mo · $1,266/yr
• Insurance: −$53
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $77

Break-even live

Break-even rent $1,047

Max offer price $127,500

Occupancy floor 88%

Sensitivity live

Price	-10% $149	-5% $113	+0% $77	+5% $41	+10% $5
Rent	-10% $-13	-5% $32	+0% $77	+5% $122	+10% $168
Rate	-1.0pp $141	-0.5pp $110	base $77	+0.5pp $44	+1.0pp $11

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: $31,875
• Closing costs: $3,825
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1544 18th St SW Birmingham, AL	3.0	1.0	950	$1,130	$1.19	45d	1	0.17mi
1537 18th St SW Birmingham, AL	3.0	1.0	1049	$1,130	$1.08	45d	1	0.18mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	13d	1	0.23mi
1520 17th Way SW Birmingham, AL	3.0	1.0	900	$900	$1.00	23d	1	0.23mi
224 E Ann Dr SW Birmingham, AL	3.0	1.0	1026	$1,050	$1.02	25d	1	0.25mi
249 Gloria Rd SW Birmingham, AL	2.0	1.0	624	$800	$1.28	45d	1	0.29mi
1845 Henry Crumpton Dr Birmingham, AL	3.0	1.0	1000	$895	$0.90	5d	1	0.30mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	0.53mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	5d	1	0.56mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	0.59mi
2432 Ishkooda Rd SW Birmingham, AL	3.0	1.0	1075	$1,150	$1.07	45d	1	0.70mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	25d	1	0.81mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	23d	1	0.86mi
2409 Garrison Ave SW Birmingham, AL	4.0	2.0	1000	$1,295	$1.29	45d	1	1.00mi
2113 Rambow Ave SW Birmingham, AL	2.0	1.0	838	$1,250	$1.49	45d	1	1.00mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	45d	1	1.02mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	45d	1	1.06mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	45d	1	1.08mi
2904 Garrison Ave SW Birmingham, AL	4.0	2.0	952	$1,050	$1.10	25d	1	1.12mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	25d	1	1.16mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	45d	1	1.17mi
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	5d	1	1.19mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	46d	1	1.20mi
1508 Dennison Ave SW Birmingham, AL	2.0	1.0	924	$890	$0.96	45d	1	1.20mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	4d	1	1.24mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	45d	1	1.27mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	5d	1	1.28mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	4d	1	1.33mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	45d	1	1.43mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	46d	1	1.44mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	45d	1	1.46mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	25d	1	1.47mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	45d	1	1.48mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	45d	1	1.48mi

Listing history 7 events

1. 2026-06-21
   days on market $127,500 Active 9 DOM
2. 2026-06-18
   days on market $127,500 Active 6 DOM
3. 2026-06-17
   days on market $127,500 Active 5 DOM
4. 2026-06-16
   days on market $127,500 Active 4 DOM
5. 2026-06-15
   days on market $127,500 Active 3 DOM
6. 2026-06-13
   remarks 147-char remark
7. 2026-06-13
   listed $127,500 Active 1 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: $1,266 · $105/mo
• Projected year-2 tax: $1,266 · $105/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 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: $13,739
• − Mortgage interest: −$7,142
• − Property taxes: −$1,266
• − Insurance: −$638
• − Repairs & maintenance: −$1,099
• − Management: −$1,099
• − Depreciation: −$3,709
• Taxable loss: −$1,214
• Est. tax savings @ 24.0%: +$291
• After-tax cash flow: $1,218/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 (77%)
• Race & ethnicity: Black 77% White 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% French/Haitian/Cajun 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+138.3% since first listed

7 events — show timeline

• 2026-06-12 Listed $127,500 Greater Alabama MLS
• 2020-06-09 Sold (Public Records) $74,937 Public Records
• 2019-10-17 Sold (Public Records) $47,000 Public Records
• 2019-10-16 Sold (MLS) $47,000 Greater Alabama MLS
• 2019-05-03 Relisted — Greater Alabama MLS
• 2019-04-08 Delisted — Greater Alabama MLS
• 2018-09-07 Listed $53,500 Greater Alabama MLS

Property tax history

+3.2%/yr

Latest (2025): $1,266 · +0.0% YoY. Source: county tax records.