1027 41st St · Birmingham, AL 35208

$82,500

3 bd · 2.0 ba · 2,410 sqft · SingleFamily public records · 51 Days on market

Built 1949 4,791 sqft lot $34/sqft · 54% below area Est $144k · 43% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Unlock the potential in this 4-bedroom, 2-bath investment property located in the rapidly growing Ensley area. This home features a classic brick exterior, a convenient carport, and original wood floors that add character and charm. With solid bones and a spacious layout, it’s the perfect canvas for a renovation or rental income opportunity. Whether you’re looking to fix and flip or build long-term equity, this property offers tons of upside in an up-and-coming neighborhood seeing increased interest and revitalization. Don’t miss your chance to get in early and maximize returns.

Key facts

• Brick exterior
• Carport
• Investment property

Tags

• BRICK EXTERIOR
• CARPORT
• ORIGINAL WOOD FLOORS
• SPACIOUS LAYOUT
• INVESTMENT PROPERTY
• RENTAL INCOME OPPORTUNITY

Property features AI

Finance

• Other: Lot size approximately 0.11 acres; Property located in the Terrace Sect Fairfield subdivision

Exterior

• Parking: Detached parking; Two carport spaces
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Four-sided brick construction; Existing (previously built) home; Tri-level is listed as No; Split level and split foyer are listed as No
• Construction: 4-side brick exterior; Crawl space foundation
• Exterior features: Front porch; Crawl space foundation; No pool, patio, deck, or garden/patio listed; Not waterfront

Interior

• Kitchen: Laminate countertops; Convection oven
• Bedrooms: Bedrooms on main and upper levels (multiple bedrooms across levels)
• Flooring: Hardwood flooring
• Bathrooms: Two full bathrooms; Tub/shower combinations
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Hardwood floors; Convection oven; Ceilings noted as 'Other (See Remarks)'; No special interior features listed
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level; Additional laundry space noted as 'Other (See Remarks)'

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $82k.

Deal economics

• At list price, monthly cash flow is $497 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $82k).
• Recommended offer: $80k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.5% 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 (+7.2%/yr); 126 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% 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 41% of the median local income ($39k/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 $570 of loan paydown is wiped out by about $2k 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 + 7.2% rent growth), your $23k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($80k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1949 — 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 $80,025 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1949 — 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. 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: 1.58% ✓
• Cap rate: 13.52%
• Cash-on-cash: 25.82%
• DSCR: 2.15
• GRM: 5.3

CMA / ARV

• ARV (median comp): $143,601
• List price: $82,500
• Delta: -42.55%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2311 Katie St	0.13mi	4/2.0 (+1)	2,500 (+4%)	3mo	$310,000	$124	80
1319 31st Street Ensley	0.52mi	4/2.0 (+1)	2,374 (-2%)	7mo	$87,000	$37	62
3218 Avenue I	0.50mi	4/2.0 (+1)	2,391 (-1%)	10mo	$165,000	$69	62
1500 32nd St	0.64mi	3/2.5	2,424 (+1%)	12mo	$78,000	$32	57
1349 41st St	0.37mi	3/2.0	2,663 (+10%)	18mo	$75,000	$28	50
1511 43rd St	0.57mi	3/2.5	2,627 (+9%)	7mo	$86,500	$33	50
658 Maple St	0.38mi	4/2.0 (+1)	2,183 (-9%)	14mo	$45,000	$21	50
1348 41st St	0.37mi	3/2.0	2,098 (-13%)	16mo	$259,900	$124	48
1025 50th St Ensley	0.58mi	4/2.5 (+1)	2,132 (-12%)	4mo	$175,000	$82	44
1401 29th St W	0.68mi	3/1.5	2,104 (-13%)	21mo	$37,500	$18	27

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 24.0%
• Equity multiple: 2.04×
• Total profit: $24,097
• Equity at exit: $12,301

10-year hold

• IRR: 34.4%
• Equity multiple: 4.80×
• Total profit: $87,782
• Equity at exit: $7,133

Cash invested: $23,100 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 126
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,307 high
• Mortgage (P&I): −$433
• Tax from tax record: −$69 /mo · $826/yr
• Insurance: −$34
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $497

Break-even live

Break-even rent $678

Max offer price $82,500

Occupancy floor 57%

Sensitivity live

Price	-10% $544	-5% $520	+0% $497	+5% $474	+10% $450
Rent	-10% $394	-5% $445	+0% $497	+5% $549	+10% $600
Rate	-1.0pp $539	-0.5pp $518	base $497	+0.5pp $476	+1.0pp $454

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: $20,625
• Closing costs: $2,475
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	4d	1	0.47mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	45d	1	0.53mi
521 41st St Fairfield, AL	4.0	2.0	1800	$1,300	$0.72	45d	1	0.59mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	3d	1	0.66mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	4d	1	0.74mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	45d	1	0.77mi
2722 Avenue I Unit I Ensley, AL	4.0	1.0	1578	$1,000	$0.63	45d	1	0.80mi
1633 29th Street Ensley Birmingham, AL	3.0	2.0	1658	$1,200	$0.72	45d	1	0.89mi
4612 Terrace S Birmingham, AL	3.0	1.0	1612	$1,050	$0.65	45d	1	1.02mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	3d	1	1.11mi
2348 Court R Birmingham, AL	3.0	2.0	2400	$1,639	$0.68	20d	1	1.22mi
2348 Court R Birmingham, AL	3.0	2.0	1792	$1,769	$0.99	3d	1	1.22mi
1300 Gulfport St Birmingham, AL	3.0	2.0	1778	$1,200	$0.67	45d	1	1.28mi
2436 Avenue S Birmingham, AL	4.0	2.0	1800	$1,400	$0.78	4d	1	1.29mi

Listing history 17 events

1. 2026-06-21
   days on market $82,500 Active 51 DOM
2. 2026-06-18
   days on market $82,500 Active 48 DOM
3. 2026-06-17
   days on market $82,500 Active 47 DOM
4. 2026-06-16
   days on market $82,500 Active 46 DOM
5. 2026-06-15
   days on market $82,500 Active 45 DOM
6. 2026-06-13
   days on market $82,500 Active 43 DOM
7. 2026-06-10
   pricedays on market $82,500 Active 40 DOM
8. 2026-06-09
   days on market $90,000 Active 39 DOM
9. 2026-06-08
   days on market $90,000 Active 38 DOM
10. 2026-06-07
    days on market $90,000 Active 37 DOM
11. 2026-06-03
    days on market $90,000 Active 33 DOM
12. 2026-06-02
    days on market $90,000 Active 32 DOM
13. 2026-06-01
    days on market $90,000 Active 31 DOM
14. 2026-05-31
    days on market $90,000 Active 30 DOM
15. 2026-05-01
    listed $90,000 Active 603-char remark
16. 2022-11-11
    price $97,500
17. 2021-07-28
    soldstatus $280,000

ⓘ 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: $826 · $69/mo
• Projected year-2 tax: $826 · $69/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $15,689
• − Mortgage interest: −$4,621
• − Property taxes: −$826
• − Insurance: −$412
• − Repairs & maintenance: −$1,255
• − Management: −$1,255
• − Depreciation: −$2,400
• Taxable income: $4,918
• Est. tax owed @ 24.0%: −$1,180
• After-tax cash flow: $4,783/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% 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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

-70.5% since first listed

4 events — show timeline

• 2026-06-10 Price Changed $82,500 Greater Alabama MLS
• 2026-05-01 Listed $90,000 Greater Alabama MLS
• 2022-11-11 Price Changed $97,500 Greater Alabama MLS
• 2021-07-28 Sold (Public Records) $280,000 Public Records

Property tax history

-0.1%/yr

Latest (2025): $826 · +0.0% YoY. Source: county tax records.