113 Fairlane Dr · Pleasant Grove, AL 35127

$157,000

3 bd · 2.0 ba · 2,054 sqft · SingleFamily public records · 354 Days on market

Built 1996 0.41 ac lot $76/sqft · 54% below area Est $223k · 30% 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 +18.3/30.0
• ARV discount +15.0/15.0
• DSCR +5.7/10.0
• 1% rule +5.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

Key facts

• Quiet street
• Great location
• Minutes from parks

Tags

• QUIET STREET
• WELL-ESTABLISHED NEIGHBORHOOD
• GREAT LOCATION
• MINUTES FROM SCHOOLS
• MINUTES FROM PARKS
• MINUTES FROM SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $157k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $157k).
• Recommended offer: $138k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 5.8% in Pleasant Grove — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 62/100 on livability (#211 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 56 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 44d 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 (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 354 days — a 12% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $33k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $135k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $138,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 354 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 7.39%
• Cash-on-cash: 3.92%
• DSCR: 1.17
• GRM: 8.1

CMA / ARV

• ARV (median comp): $222,825
• List price: $157,000
• Delta: -29.54%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
137 Elm St	0.15mi	3/3.0	1,940 (-6%)	14mo	$235,000	$121	68
453 Altamont Dr	0.38mi	3/2.0	1,861 (-9%)	20mo	$206,000	$111	50
129 4th Plz	0.55mi	3/3.0	1,779 (-13%)	23mo	$230,000	$129	29

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -10.1%
• Equity multiple: 0.63×
• Total profit: $-16,239
• Equity at exit: $23,409

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,152
• Equity at exit: $13,574

Cash invested: $43,960 (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 35127

• Home prices YoY: -32.6%
• Active inventory: 56
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,609 high
• Mortgage (P&I): −$823
• Tax from tax record: −$239 /mo · $2,866/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $144

Break-even live

Break-even rent $1,427

Max offer price $157,000

Occupancy floor 86%

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: $39,250
• Closing costs: $4,710
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
306 1st St Pleasant Grove, AL	3.0	2.0	2328	$1,250	$0.54	3d	1	0.43mi
247 4th Ave Pleasant Grove, AL	3.0	2.0	1549	$1,905	$1.23	1d	1	0.86mi
7328 Denmark Ave Birmingham, AL	4.0	2.0	1736	$1,250	$0.72	44d	1	1.04mi
416 6th Ave Pleasant Grove, AL	3.0	2.0	1549	$1,955	$1.26	44d	1	1.19mi
433 4th Ave Pleasant Grove, AL	3.0	2.0	1672	$1,586	$0.95	44d	1	1.20mi

Listing history 23 events

1. 2026-06-17
   status $157,000 Pending 354 DOM
2. 2026-06-17
   days on market $157,000 Active 354 DOM
3. 2026-06-16
   days on market $157,000 Active 353 DOM
4. 2026-06-15
   days on market $157,000 Active 352 DOM
5. 2026-06-13
   days on market $157,000 Active 350 DOM
6. 2026-06-10
   days on market $157,000 Active 347 DOM
7. 2026-06-09
   days on market $157,000 Active 346 DOM
8. 2026-06-08
   days on market $157,000 Active 345 DOM
9. 2026-06-07
   days on market $157,000 Active 344 DOM
10. 2026-06-03
    days on market $157,000 Active 340 DOM
11. 2026-06-02
    days on market $157,000 Active 339 DOM
12. 2026-06-01
    days on market $157,000 Active 338 DOM
13. 2026-05-31
    days on market $157,000 Active 337 DOM
14. 2026-04-08
    price $157,000 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

15. 2026-04-04
    price $150,000 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

16. 2026-04-04
    status Active 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

17. 2026-02-15
    status Pending 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

18. 2025-12-21
    price $157,000 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

19. 2025-10-02
    price $160,000 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

20. 2025-10-02
    status Active 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

21. 2025-06-19
    historical Contingent 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

22. 2025-05-12
    listed $190,000 Active 449-char remark

    Show marketing remark (449 chars)

    Investor Special! Don’t miss this opportunity in lovely Pleasant Grove, AL. This 3BR/2BA home sits on a quiet street in a well-established neighborhood and is priced to sell as-is. Great opportunity to add to your rental portfolio, or create your dream home with built-in equity, this is a deal worth exploring. Solid bones, good layout, and a great location just minutes from schools, parks, and shopping. Bring your vision and make it shine!

23. 2004-09-30
    soldstatus $135,000

ⓘ 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: $2,866 · $239/mo
• Projected year-2 tax: $2,866 · $239/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 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 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,310
• − Mortgage interest: −$8,794
• − Property taxes: −$2,866
• − Insurance: −$785
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$4,567
• Taxable loss: −$792
• Est. tax savings @ 24.0%: +$190
• After-tax cash flow: $1,914/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Pleasant Grove

• Score: 62/100
• State rank: #211
• US rank: #16232

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment C+ Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pleasant Grove, AL
• County: Jefferson County · 527,445 people
• City population: 9,442
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 9,442
• Household income: $70,317
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 198.0

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 (68%)
• Race & ethnicity: Black 68% White 29% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• 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: ▼ -98.05%
• Current HPI: 202.2294
• Rent YoY: —
• 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

+16.3% since first listed

10 events — show timeline

• 2026-04-08 Price Changed $157,000 Greater Alabama MLS
• 2026-04-04 Price Changed $150,000 Greater Alabama MLS
• 2026-04-04 Relisted — Greater Alabama MLS
• 2026-02-15 Pending — Greater Alabama MLS
• 2025-12-21 Price Changed $157,000 Greater Alabama MLS
• 2025-10-02 Price Changed $160,000 Greater Alabama MLS
• 2025-10-02 Relisted — Greater Alabama MLS
• 2025-06-19 Contingent — Greater Alabama MLS
• 2025-05-12 Listed $190,000 Greater Alabama MLS
• 2004-09-30 Sold (Public Records) $135,000 Public Records

Property tax history

+7.5%/yr

Latest (2025): $2,866 · +7.0% YoY. Source: county tax records.