1208 31st St SW · Birmingham, AL 35221

$15,000

2 bd · 1.0 ba · 1,100 sqft · SingleFamily public records · 52 Days on market

Built 1950 9,583 sqft lot $14/sqft · 52% below area ↓ 55% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Appreciation +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

Key facts

• 9,583 sq ft lot
• Built 1950
• Listed 51 days

Property features AI

Exterior

• Parking: Off-street parking
• Utilities: Public water; Connected sewer; Gas water heater; Internet availability unknown
• Home design: Existing construction; Not a tri-level, split-level, or split-foyer
• Construction: Hardiplank siding; Crawl space foundation
• Exterior features: Covered and open decks; No pool; No patio; No garden/patio; Not waterfront; Lot is approximately 0.22 acres; Located in West End subdivision

Interior

• Kitchen: Laminate countertops; Kitchen on main level
• Bedrooms: Two bedrooms on main level
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Handyman special; Pull-down attic
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Gas water heater

🏷️ Possibly a rental listed for sale. The $15,000 price doesn't fit this home's estimated sale value (~$62,917) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $731 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).
• Recommended offer: $15k (3.0% below list) — sets the bar for market timing.
• Cap rate 64.8% 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: 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: 26 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); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.3%/yr); year-one equity from $104 of loan paydown is wiped out by about $198 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 (-1.3% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($15k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $3k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $14,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1950 — 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. 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?
7. 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.
8. 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.
9. 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: 7.04% ✓
• Cap rate: 64.76%
• Cash-on-cash: 208.80%
• DSCR: 10.29
• GRM: 1.2

CMA / ARV

• ARV (median comp): $62,917
• List price: $15,000
• Delta: -76.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5625 Avenue Q	0.49mi	3/1.0 (+1)	1,103 (+0%)	3mo	$22,000	$20	69
5621 Avenue Q	0.50mi	3/1.0 (+1)	1,136 (+3%)	1mo	$72,000	$63	65
5541 Court P	0.53mi	2/1.0	1,035 (-6%)	1mo	$35,000	$34	64
1560 Meadow Ln	0.34mi	3/1.0 (+1)	1,008 (-8%)	1mo	$87,000	$86	64
5800 Court Q	0.39mi	3/1.0 (+1)	1,024 (-7%)	2mo	$111,000	$108	64
1569 Meadow Ln	0.31mi	3/1.5 (+1)	1,192 (+8%)	2mo	$50,000	$42	63
2436 Powderly Ave SW	0.50mi	2/1.0	966 (-12%)	2mo	$32,500	$34	54
6144 Court M	0.72mi	3/1.0 (+1)	1,066 (-3%)	2mo	$76,000	$71	54
6633 Avenue	0.75mi	3/2.0 (+1)	1,107 (+1%)	2mo	$99,900	$90	54
5528 Avenue Q	0.55mi	3/1.0 (+1)	1,252 (+14%)	2mo	$52,900	$42	45
2724 Lee Ave SW	0.63mi	3/1.0 (+1)	960 (-13%)	1mo	$72,000	$75	43
1113 51st St	0.73mi	3/2.0 (+1)	1,231 (+12%)	3mo	$204,900	$166	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-1.32% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 11.77×
• Total profit: $45,218
• Equity at exit: $3,393

10-year hold

• IRR: —
• Equity multiple: 24.90×
• Total profit: $100,378
• Equity at exit: $3,373

Cash invested: $4,200 (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 35221

• Home prices YoY: -1.1%
• Active inventory: 26
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,056 high
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $731

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 26%

Sensitivity live

Price	-10% $741	-5% $736	+0% $731	+5% $726	+10% $720
Rent	-10% $647	-5% $689	+0% $731	+5% $773	+10% $814
Rate	-1.0pp $738	-0.5pp $735	base $731	+0.5pp $727	+1.0pp $723

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3116 Steiner Ave SW Birmingham, AL	3.0	1.0	1362	$1,200	$0.88	45d	1	0.08mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	4d	1	0.21mi
2709 Powderly Ave SW Birmingham, AL	3.0	2.0	1056	$950	$0.90	24d	1	0.37mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	45d	1	0.39mi
3000 Dawson Ave SW Birmingham, AL	3.0	1.0	1092	$925	$0.85	45d	1	0.40mi
1838 31st St SW Birmingham, AL	3.0	2.0	1400	$1,223	$0.87	17d	1	0.40mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	45d	1	0.40mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	45d	1	0.40mi
2516 Powderly Ave SW Birmingham, AL	3.0	1.0	1236	$1,050	$0.85	45d	1	0.42mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	20d	1	0.56mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	45d	1	0.57mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	45d	1	0.60mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	24d	1	0.63mi
612 26th St SW Birmingham, AL	2.0	1.0	988	$825	$0.84	45d	1	0.64mi
2128 Mayfield Ave SW Birmingham, AL	3.0	1.0	1196	$1,200	$1.00	24d	1	0.64mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	45d	1	0.65mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	45d	1	0.66mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	45d	1	0.66mi
5211 Ter Q Unit Q Birmingham, AL	2.0	1.0	756	$775	$1.03	45d	1	0.68mi
2304 Beulah Ave SW Birmingham, AL	3.0	1.0	1283	$1,025	$0.80	3d	1	0.68mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	20d	1	0.69mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	0.73mi
1781 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1069	$950	$0.89	45d	1	0.74mi
2300 31st St SW Unit ENSLEY2316 A Birmingham, AL	2.0	1.0	750	$1,000	$1.33	4d	1	0.74mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	45d	1	0.76mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	45d	1	0.81mi
1228 19th Pl SW Birmingham, AL	3.0	2.0	978	$1,195	$1.22	4d	1	0.81mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	45d	1	0.83mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	45d	1	0.83mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	3d	1	0.84mi
2005 Snavely Ave SW Birmingham, AL	3.0	2.0	1380	$1,150	$0.83	45d	1	0.84mi
4929 Avenue R Unit R Birmingham, AL	2.0	1.0	962	$950	$0.99	45d	1	0.84mi
1209 19th Pl SW Birmingham, AL	3.0	1.0	1050	$1,275	$1.21	45d	1	0.85mi
914 21st St SW Birmingham, AL	3.0	1.0	784	$1,200	$1.53	22d	1	0.90mi
3332 Walnut Ave SW Birmingham, AL	3.0	1.0	1339	$750	$0.56	20d	1	0.95mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	45d	1	0.96mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	22d	1	0.98mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	24d	1	1.00mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	1.01mi
3400 Walnut Ave SW Birmingham, AL	3.0	1.0	1133	$1,200	$1.06	45d	1	1.02mi

Listing history 28 events

1. 2026-06-21
   days on market $15,000 Active 52 DOM
2. 2026-06-18
   days on market $15,000 Active 49 DOM
3. 2026-06-17
   days on market $15,000 Active 48 DOM
4. 2026-06-16
   days on market $15,000 Active 47 DOM
5. 2026-06-15
   days on market $15,000 Active 46 DOM
6. 2026-06-13
   days on market $15,000 Active 44 DOM
7. 2026-06-10
   days on market $15,000 Active 41 DOM
8. 2026-06-09
   days on market $15,000 Active 40 DOM
9. 2026-06-08
   days on market $15,000 Active 39 DOM
10. 2026-06-07
    pricedays on market $15,000 Active 38 DOM
11. 2026-06-03
    days on market $18,000 Active 34 DOM
12. 2026-06-02
    days on market $18,000 Active 33 DOM
13. 2026-06-01
    days on market $18,000 Active 32 DOM
14. 2026-05-31
    days on market $18,000 Active 31 DOM
15. 2026-04-30
    listed $18,000 Active 505-char remark
16. 2026-01-05
    historical $900
17. 2025-12-16
    listed $900
18. 2025-11-20
    historical $950
19. 2025-11-14
    price $950
20. 2025-11-05
    listed $975
21. 2024-03-22
    soldstatus $40,000 Sold 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

22. 2024-03-12
    status Pending 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

23. 2024-03-12
    status Active 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

24. 2024-03-01
    status Pending 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

25. 2024-02-29
    listed $55,500 Active 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

26. 2024-02-26
    historical $55,500 160-char remark

    Show marketing remark (160 chars)

    This property is perfect for an investment property and is being sold as-is. This home is tenant occupied. Home does need a few repairs. No wholesalers, please!

27. 2006-11-28
    soldstatus $56,800
28. 1987-06-25
    soldstatus $33,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 20 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: $12,675
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,014
• − Management: −$1,014
• − Depreciation: −$436
• Taxable income: $9,071
• Est. tax owed @ 24.0%: −$2,177
• After-tax cash flow: $6,593/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
• City population: 210,422
• Population (ZIP): 3,127

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 (89%)
• Race & ethnicity: Black 89% Two or more races 7% Hispanic / Latino 6% White 4%
• Hispanic origin (detail): Mexican 6%
• Foreign-born: 3% · Canada
• Languages at home: 93% English-only · Spanish 6%

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: ▼ -1.32%
• Current HPI: 121.0566
• Rent YoY: —
• Metro: —
• 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

-54.5% since first listed

15 events — show timeline

• 2026-06-04 Price Changed $15,000 Greater Alabama MLS
• 2026-04-30 Listed $18,000 Greater Alabama MLS
• 2026-01-05 Rental Removed $900 GALMLS
• 2025-12-16 Listed for Rent $900 GALMLS
• 2025-11-20 Rental Removed $950 GALMLS
• 2025-11-14 Price Changed $950 GALMLS
• 2025-11-05 Listed for Rent $975 GALMLS
• 2024-03-22 Sold (MLS) $40,000 Greater Alabama MLS
• 2024-03-12 Pending — Greater Alabama MLS
• 2024-03-12 Relisted — Greater Alabama MLS
• 2024-03-01 Pending — Greater Alabama MLS
• 2024-02-29 Listed $55,500 Greater Alabama MLS
• 2024-02-26 Coming Soon $55,500 Greater Alabama MLS
• 2006-11-28 Sold (Public Records) $56,800 Public Records
• 1987-06-25 Sold (Public Records) $33,000 Public Records

Property tax history

+15.5%/yr

Latest (2025): $853 · +140.4% YoY. Source: county tax records.