900 T St · Birmingham, AL 35235

$149,900

3 bd · 1.0 ba · 2,338 sqft · SingleFamily public records · 65 Days on market

Built 1955 0.63 ac lot $64/sqft · 52% below area Est $167k · 10% 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 +22.4/30.0
• ARV discount +12.2/15.0
• DSCR +7.2/10.0
• 1% rule +5.2/10.0
• 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

Here is a must see. This one has already been updated so you just need to put your special touches and move in. Living room, Dining room, Kitchen with Appliances, 2 bedrooms and 2 full baths. Don't let this one get away. * * * FMFL expires 05/17/26 * * *

Key facts

• 0.63 acre lot
• Built 1955
• Listed 65 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $249 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $141k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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-, schools F, crime 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.
• Market conditions: Rents rising fast (+5.4%/yr); 115 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 18d 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.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $42k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 65 days — a 6% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y 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

• 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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 65 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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. 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: 1.02% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.12%
• DSCR: 1.32
• GRM: 8.2

CMA / ARV

• ARV (median comp): $167,230
• List price: $149,900
• Delta: -10.36%
• 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
500 Rollingwood Rd	0.15mi	4/2.0 (+1)	2,272 (-3%)	4mo	$220,000	$97	76
840 Sherwood Forest Dr	0.21mi	3/2.0	2,538 (+9%)	4mo	$180,000	$71	69
754 Gene Reed Rd	0.44mi	3/2.0	2,240 (-4%)	2mo	$127,000	$57	67
809 Sherwood Forest Dr	0.40mi	3/2.0	2,421 (+4%)	6mo	$222,000	$92	66
904 Wildwood Dr	0.46mi	4/2.5 (+1)	2,260 (-3%)	1mo	$219,888	$97	61
713 Sundale Dr	0.52mi	4/3.0 (+1)	2,430 (+4%)	1mo	$269,000	$111	55
909 Winchester Cir	0.61mi	3/2.0	2,276 (-3%)	9mo	$220,000	$97	55
1017 Jeffery Dr	0.25mi	4/3.5 (+1)	2,543 (+9%)	4mo	$250,000	$98	55
953 Ridgewood Cir	0.66mi	4/3.0 (+1)	2,372 (+2%)	4mo	$256,000	$108	50
613 Sundale Dr	0.64mi	4/2.0 (+1)	2,429 (+4%)	10mo	$130,000	$54	46
818 Rose Dr	0.58mi	4/3.5 (+1)	2,397 (+2%)	12mo	$411,000	$171	44
9253 Summit Dr	0.70mi	4/3.0 (+1)	2,083 (-11%)	4mo	$219,900	$106	33

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: -2.9%
• Equity multiple: 0.89×
• Total profit: $-4,697
• Equity at exit: $22,351

10-year hold

• IRR: 9.1%
• Equity multiple: 1.77×
• Total profit: $32,394
• Equity at exit: $12,961

Cash invested: $41,972 (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: 115
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,523 high
• Mortgage (P&I): −$786
• Tax from tax record: −$105 /mo · $1,265/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $249

Break-even live

Break-even rent $1,208

Max offer price $149,900

Occupancy floor 79%

Sensitivity live

Price	-10% $334	-5% $292	+0% $249	+5% $207	+10% $164
Rent	-10% $129	-5% $189	+0% $249	+5% $309	+10% $370
Rate	-1.0pp $325	-0.5pp $287	base $249	+0.5pp $210	+1.0pp $171

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1108 Hob Hill Rd Birmingham, AL	3.0	1.5	1646	$1,600	$0.97	18d	1	0.44mi
625 Lisa Ln Birmingham, AL	3.0	1.5	1700	$1,200	$0.71	21d	1	0.81mi
933 Edwards Lake Rd Birmingham, AL	3.0	2.0	1684	$1,360	$0.81	5d	1	1.05mi
417 Price Dr Birmingham, AL	4.0	2.0	1584	$1,395	$0.88	25d	1	1.05mi
901 Eldorado Dr Birmingham, AL	4.0	2.0	1680	$1,415	$0.84	16d	1	1.13mi
929 Meadowbrook Dr Birmingham, AL	3.0	2.0	1649	$1,200	$0.73	13d	1	1.18mi

Listing history 21 events

1. 2026-06-21
   days on market $149,900 Active 65 DOM
2. 2026-06-18
   days on market $149,900 Active 62 DOM
3. 2026-06-17
   days on market $149,900 Active 61 DOM
4. 2026-06-16
   days on market $149,900 Active 60 DOM
5. 2026-06-15
   days on market $149,900 Active 59 DOM
6. 2026-06-13
   days on market $149,900 Active 57 DOM
7. 2026-06-10
   days on market $149,900 Active 54 DOM
8. 2026-06-09
   days on market $149,900 Active 53 DOM
9. 2026-06-08
   days on market $149,900 Active 52 DOM
10. 2026-06-07
    pricedays on market $149,900 Active 51 DOM
11. 2026-06-03
    days on market $169,900 Active 47 DOM
12. 2026-06-02
    days on market $169,900 Active 46 DOM
13. 2026-06-01
    days on market $169,900 Active 45 DOM
14. 2026-05-31
    days on market $169,900 Active 44 DOM
15. 2026-04-10
    listed $169,900 Active 258-char remark

    Show marketing remark (258 chars)

    Here is a must see. This one has already been updated so you just need to put your special touches and move in. Living room, Dining room, Kitchen with Appliances, 2 bedrooms and 2 full baths. Don't let this one get away. * * * FMFL expires 05/17/26 * * *

16. 2023-02-10
    soldstatus $177,000
17. 2023-02-09
    soldstatus $177,000 Sold 984-char remark

    Show marketing remark (984 chars)

    Cutest easy living 1 level cottage home you will ever find located on a quiet dead end street. Home features 3 bedrooms and 2 full bathrooms. One of the bedrooms has been converted to a large walk in closet, but can be changed back to a bedroom if desired. Huge den/family room that is open to the dining or breakfast area that leads to the large kitchen with a bay window with updated granite countertops, custom cabinets and sink. Master bath has been updated with a walk in shower and new laboratory. Full bath has been updated with a new tub and laboratory and both have new tile flooring that matches the kitchen floor. Immaculate hardwood flooring through out the rest of the home with no carpet. Updated electrical and new brick paver sidewalk that leads to the front porch. Out back is a large covered deck with a fenced backyard for the kids and pets. Plenty of other storage in the basement. Convenient to interstate, shopping and restaurants. Make appointment to see today.

18. 2023-01-10
    historical Contingent 984-char remark

    Show marketing remark (984 chars)

    Cutest easy living 1 level cottage home you will ever find located on a quiet dead end street. Home features 3 bedrooms and 2 full bathrooms. One of the bedrooms has been converted to a large walk in closet, but can be changed back to a bedroom if desired. Huge den/family room that is open to the dining or breakfast area that leads to the large kitchen with a bay window with updated granite countertops, custom cabinets and sink. Master bath has been updated with a walk in shower and new laboratory. Full bath has been updated with a new tub and laboratory and both have new tile flooring that matches the kitchen floor. Immaculate hardwood flooring through out the rest of the home with no carpet. Updated electrical and new brick paver sidewalk that leads to the front porch. Out back is a large covered deck with a fenced backyard for the kids and pets. Plenty of other storage in the basement. Convenient to interstate, shopping and restaurants. Make appointment to see today.

19. 2022-12-01
    listed $179,900 Active 984-char remark

    Show marketing remark (984 chars)

    Cutest easy living 1 level cottage home you will ever find located on a quiet dead end street. Home features 3 bedrooms and 2 full bathrooms. One of the bedrooms has been converted to a large walk in closet, but can be changed back to a bedroom if desired. Huge den/family room that is open to the dining or breakfast area that leads to the large kitchen with a bay window with updated granite countertops, custom cabinets and sink. Master bath has been updated with a walk in shower and new laboratory. Full bath has been updated with a new tub and laboratory and both have new tile flooring that matches the kitchen floor. Immaculate hardwood flooring through out the rest of the home with no carpet. Updated electrical and new brick paver sidewalk that leads to the front porch. Out back is a large covered deck with a fenced backyard for the kids and pets. Plenty of other storage in the basement. Convenient to interstate, shopping and restaurants. Make appointment to see today.

20. 2022-11-29
    historical $179,900 984-char remark

    Show marketing remark (984 chars)

    Cutest easy living 1 level cottage home you will ever find located on a quiet dead end street. Home features 3 bedrooms and 2 full bathrooms. One of the bedrooms has been converted to a large walk in closet, but can be changed back to a bedroom if desired. Huge den/family room that is open to the dining or breakfast area that leads to the large kitchen with a bay window with updated granite countertops, custom cabinets and sink. Master bath has been updated with a walk in shower and new laboratory. Full bath has been updated with a new tub and laboratory and both have new tile flooring that matches the kitchen floor. Immaculate hardwood flooring through out the rest of the home with no carpet. Updated electrical and new brick paver sidewalk that leads to the front porch. Out back is a large covered deck with a fenced backyard for the kids and pets. Plenty of other storage in the basement. Convenient to interstate, shopping and restaurants. Make appointment to see today.

21. 2004-05-07
    soldstatus $104,500

ⓘ 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: $1,265 · $105/mo
• Projected year-2 tax: $1,265 · $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 5/10 Major 7 d/yr ≥106°F today · 17 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: $18,276
• − Mortgage interest: −$8,397
• − Property taxes: −$1,265
• − Insurance: −$750
• − Repairs & maintenance: −$1,462
• − Management: −$1,462
• − Depreciation: −$4,361
• Taxable income: $580
• Est. tax owed @ 24.0%: −$139
• After-tax cash flow: $2,851/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

+62.6% since first listed

7 events — show timeline

• 2026-04-10 Listed $169,900 Greater Alabama MLS
• 2023-02-10 Sold (Public Records) $177,000 Public Records
• 2023-02-09 Sold (MLS) $177,000 Greater Alabama MLS
• 2023-01-10 Contingent — Greater Alabama MLS
• 2022-12-01 Listed $179,900 Greater Alabama MLS
• 2022-11-29 Coming Soon $179,900 Greater Alabama MLS
• 2004-05-07 Sold (Public Records) $104,500 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,265 · +7.4% YoY. Source: county tax records.