1125 Grand Blvd · Birmingham, AL 35214

$145,000

3 bd · 2.0 ba · 1,702 sqft · SingleFamily public records · 294 Days on market

Built 1978 10,018 sqft lot Est $238k · 39% under

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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 +15.8/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.1/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

3 Bedroom, 2 Bath home - Update to make your own! Right of Redemption may apply.

Key facts

• 0.23 acre lot
• Garage
• Built 1978

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $65 ($786/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 $132k (8.6% below list).
• Recommended offer: $128k (12.0% below list) — sets the bar for market timing.

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: South Hampton K8 (math 4% / reading 22%, grade F, #532 of 627 statewide, top 85%, 513 students, 86% FRL) — zoned schools at 86% FRL track the district average.
• Market conditions: Rents flat; 116 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 21d 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 $1k 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

• It's been on market 294 days — a 12% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $20k (12%) 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 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $127,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 294 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.91% ✗
• Cap rate: 6.83%
• Cash-on-cash: 1.94%
• DSCR: 1.09
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $238,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1165 Grand Blvd	0.15mi	3/2.5	1,576 (-7%)	2mo	$230,000	$146	77
1120 Grand Blvd	0.03mi	4/2.5 (+1)	1,560 (-8%)	3mo	$130,000	$83	75
1137 Circle Trl	0.12mi	3/2.5	1,890 (+11%)	4mo	$265,000	$140	70
1224 Circle Trl	0.15mi	3/3.0	1,728 (+2%)	22mo	$200,000	$116	68
939 Brandy Ln	0.58mi	3/1.0	1,652 (-3%)	3mo	$107,500	$65	62
1312 U W Clemon Dr	0.26mi	3/2.5	1,604 (-6%)	20mo	$235,000	$147	60
1050 Plum Ln	0.56mi	3/2.0	1,498 (-12%)	2mo	$93,000	$62	52
987 Chichester Dr	0.64mi	4/2.0 (+1)	1,632 (-4%)	8mo	$187,500	$115	51
1607 U W Clemon Dr	0.49mi	4/3.0 (+1)	1,774 (+4%)	20mo	$272,990	$154	45
1668 U W Clemon Dr	0.55mi	4/2.5 (+1)	1,880 (+10%)	8mo	$279,999	$149	43
1382 Tomahawk Rd	0.75mi	3/3.0	1,815 (+7%)	8mo	$245,000	$135	43
1503 Hollins Dr	0.49mi	4/3.0 (+1)	1,774 (+4%)	22mo	$264,990	$149	43

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 · 0.74% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.45×
• Total profit: $-22,265
• Equity at exit: $21,620

10-year hold

• IRR: -11.7%
• Equity multiple: 0.37×
• Total profit: $-25,544
• Equity at exit: $12,537

Cash invested: $40,600 (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 35214

• Home prices YoY: -20.0%
• Rents YoY: 0.7%
• Active inventory: 116
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,325 high
• Mortgage (P&I): −$760
• Tax from tax record: −$160 /mo · $1,924/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $65

Break-even live

Break-even rent $1,242

Max offer price $145,000

Occupancy floor 90%

Sensitivity live

Price	-10% $148	-5% $107	+0% $65	+5% $24	+10% $-17
Rent	-10% $-39	-5% $13	+0% $65	+5% $118	+10% $170
Rate	-1.0pp $138	-0.5pp $102	base $65	+0.5pp $28	+1.0pp $-10

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
120 Dewberry Ln Birmingham, AL	3.0	2.0	1485	$1,510	$1.02	21d	1	0.52mi
939 Brandy Ln Birmingham, AL	3.0	1.0	1652	$1,180	$0.71	45d	1	0.59mi
115 Crabapple Ln Birmingham, AL	1.0–3.0	1.0–2.0	906	$1,027	$1.13	13d	19	0.61mi
634 Broken Bow Cir Birmingham, AL	3.0	2.0	1890	$1,625	$0.86	21d	1	0.75mi
1500 Cherry Ave Birmingham, AL	3.0	1.0	1144	$1,225	$1.07	4d	1	0.84mi
1512 Cherry Ave Birmingham, AL	4.0	1.0	1146	$1,200	$1.05	45d	1	0.88mi
305 Rose Hill Rd Birmingham, AL	3.0	1.5	1285	$1,200	$0.93	12d	1	0.94mi
944 Cagle Rd Birmingham, AL	3.0	2.0	1174	$1,425	$1.21	25d	1	0.94mi
161 Cindy Ln Birmingham, AL	3.0	2.0	1388	$1,425	$1.03	25d	1	0.95mi
609 Cherry Ave Birmingham, AL	3.0	1.5	1104	$1,495	$1.35	25d	1	1.07mi
1147 Oakley Dr Birmingham, AL	3.0	1.0	1352	$1,250	$0.92	45d	1	1.08mi
1143 Oakley Dr Birmingham, AL	3.0	1.0	1066	$1,300	$1.22	45d	1	1.09mi
1425 Hibernian St Birmingham, AL	3.0	1.0	1152	$1,200	$1.04	25d	1	1.14mi
408 Miles Ave Birmingham, AL	3.0	2.0	1377	$1,050	$0.76	23d	1	1.14mi
779 Heflin Ave E Birmingham, AL	3.0	1.5	1052	$1,100	$1.05	21d	1	1.22mi
1533 Choctaw Dr Birmingham, AL	3.0	1.0	1241	$1,175	$0.95	45d	1	1.24mi
225 Bayberry Rd Birmingham, AL	3.0	1.0	1496	$1,261	$0.84	21d	1	1.24mi
1647 Cherry Ave Birmingham, AL	3.0	2.0	1079	$1,150	$1.07	13d	1	1.28mi
213 Beech Ave Birmingham, AL	3.0	1.0	1288	$1,000	$0.78	21d	1	1.29mi
528 Lamplighter Ln Birmingham, AL	3.0	1.0	1114	$1,220	$1.10	5d	1	1.31mi
629 Lanett Ave Birmingham, AL	3.0	1.0	1092	$1,200	$1.10	45d	1	1.35mi
1204 Pratt Hwy Birmingham, AL	3.0	1.0	1124	$1,125	$1.00	17d	1	1.37mi
656 Kenwood Dr Birmingham, AL	3.0	1.0	1252	$1,175	$0.94	17d	1	1.38mi
617 Ozark Ct Birmingham, AL	3.0	2.0	1242	$1,195	$0.96	5d	1	1.42mi
1208 2nd St Birmingham, AL	3.0	2.0	1506	$1,050	$0.70	45d	1	1.43mi

Listing history 12 events

1. 2026-02-20
   status Pending
2. 2026-01-28
   price $145,000
3. 2026-01-12
   status Active
4. 2026-01-01
   historical
5. 2025-10-06
   status Active
6. 2025-09-13
   historical
7. 2025-08-28
   price $155,000
8. 2025-03-20
   listed $165,500 Active
9. 2017-05-23
   soldstatus $6,335,000
10. 2013-07-02
    soldstatus $36,100 80-char remark

    Show marketing remark (80 chars)

    3 Bedroom, 2 Bath home - Update to make your own! Right of Redemption may apply.

11. 2013-04-11
    listed $40,000 80-char remark

    Show marketing remark (80 chars)

    3 Bedroom, 2 Bath home - Update to make your own! Right of Redemption may apply.

12. 1981-04-01
    soldstatus $59,200

ⓘ 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: $1,924 · $160/mo
• Projected year-2 tax: $1,924 · $160/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,898
• − Mortgage interest: −$8,122
• − Property taxes: −$1,924
• − Insurance: −$725
• − Repairs & maintenance: −$1,272
• − Management: −$1,272
• − Depreciation: −$4,218
• Taxable loss: −$1,635
• Est. tax savings @ 24.0%: +$392
• After-tax cash flow: $1,178/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): 17,027
• Household income: $56,383
• Rent vs Own: 35.4% rent · 64.6% own
• Severe rent burden: 578.0

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 18% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% 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: ▼ -54.48%
• Current HPI: 218.5233
• Rent YoY: ▲ 0.74%
• 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

+144.9% since first listed

12 events — show timeline

• 2026-02-20 Pending — Greater Alabama MLS
• 2026-01-28 Price Changed $145,000 Greater Alabama MLS
• 2026-01-12 Relisted — Greater Alabama MLS
• 2026-01-01 Delisted — Greater Alabama MLS
• 2025-10-06 Relisted — Greater Alabama MLS
• 2025-09-13 Delisted — Greater Alabama MLS
• 2025-08-28 Price Changed $155,000 Greater Alabama MLS
• 2025-03-20 Listed $165,500 Greater Alabama MLS
• 2017-05-23 Sold (Public Records) $6,335,000 Public Records
• 2013-07-02 Sold (MLS) $36,100 Greater Alabama MLS
• 2013-04-11 Listed $40,000 Greater Alabama MLS
• 1981-04-01 Sold (Public Records) $59,200 Public Records

Property tax history

+1.5%/yr

Latest (2025): $1,924 · +5.6% YoY. Source: county tax records.