112 Ridgewood Ave · Fairfield, AL 35064

$53,400

3 bd · 1.0 ba · 1,471 sqft · SingleFamily public records · 69 Days on market

Built 1952 0.38 ac lot $36/sqft · 62% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This attractive three bedroom is situated on a nice lot with shady trees. Near all conveniences. Could be a good rental or fixer upper. Repairs may be needed once access is gained. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. As is sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer will be responsible for obtaining possession of the property upon closing.

Key facts

• 0.38 acre lot
• Garage
• Pool

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $53k.

Deal economics

• At list price, monthly cash flow is $552 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $53k).
• Recommended offer: $50k (6.0% below list) — sets the bar for market timing.
• Cap rate 18.7% vs local median 10.2% in Fairfield — 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 64/100 on livability (#160 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, schools F, amenities F.
• Fairfield City (suburban): math 2% / reading 15% proficiency, ranked #125 of 129 in AL (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 52 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $369 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 + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($50k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1952 — 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 $50,196 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 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 1952 — 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 D 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: 2.21% ✓
• Cap rate: 18.70%
• Cash-on-cash: 44.30%
• DSCR: 2.97
• GRM: 3.8

CMA / ARV

• ARV (median comp): $141,041
• List price: $53,400
• Delta: -62.14%
• 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
101 60th St	0.68mi	3/1.5	1,540 (+5%)	2mo	$90,000	$58	57
6729 Grasselli Rd	0.27mi	3/2.0	1,254 (-15%)	3mo	$57,000	$45	56
521 Fair Oaks Dr	0.49mi	3/2.0	1,442 (-2%)	19mo	$205,000	$142	54
6716 Cherokee Dr	0.46mi	3/1.5	1,346 (-8%)	11mo	$140,000	$104	53
209 Fair Oaks Dr	0.44mi	3/2.0	1,558 (+6%)	16mo	$174,400	$112	52
7121 Westmoreland Dr	0.39mi	3/2.0	1,647 (+12%)	20mo	$160,000	$97	42
6828 Cherokee Dr	0.49mi	3/2.0	1,675 (+14%)	16mo	$108,000	$64	37
6604 Myron Massey Blvd	0.56mi	3/1.0	1,254 (-15%)	17mo	$70,000	$56	35
6825 Cherokee Dr	0.45mi	3/2.5	1,252 (-15%)	16mo	$118,000	$94	34
6628 Dr Martin Luther King Jr Dr	0.54mi	3/2.0	1,260 (-14%)	16mo	$140,000	$111	33
114 60th St	0.72mi	3/2.0	1,290 (-12%)	12mo	$120,000	$93	32
121 61st St	0.63mi	4/2.0 (+1)	1,664 (+13%)	10mo	$52,000	$31	31

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: 41.3%
• Equity multiple: 2.77×
• Total profit: $26,525
• Equity at exit: $7,962

10-year hold

• IRR: 47.5%
• Equity multiple: 5.58×
• Total profit: $68,460
• Equity at exit: $4,617

Cash invested: $14,952 (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 35064

• Home prices YoY: -28.8%
• Active inventory: 52
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,178 high
• Mortgage (P&I): −$280
• Tax from tax record: −$76 /mo · $913/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $552

Break-even live

Break-even rent $479

Max offer price $53,400

Occupancy floor 48%

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: $13,350
• Closing costs: $1,602
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	44d	1	0.33mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	3d	1	0.55mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	44d	1	0.70mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	16d	1	0.73mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	44d	1	0.73mi
109 59th St Fairfield, AL	4.0	1.0	1344	$1,200	$0.89	12d	1	0.74mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	10d	1	0.78mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	10d	1	0.78mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	10d	1	0.78mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	10d	1	0.78mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	3d	1	0.78mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	10d	1	0.78mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	3d	1	0.78mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	12d	1	0.78mi
209 58th St Fairfield, AL	3.0	2.0	1468	$1,200	$0.82	44d	1	0.82mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	24d	1	0.84mi
5722 Terrace Ave Fairfield, AL	4.0	2.0	1548	$1,495	$0.97	44d	1	0.84mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	44d	1	0.85mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	44d	1	0.90mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	16d	1	0.90mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	24d	1	0.91mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	24d	1	0.95mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	44d	1	0.96mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	2d	1	0.99mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	44d	1	0.99mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	2d	1	1.00mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	24d	1	1.00mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	44d	1	1.03mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	44d	1	1.06mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	24d	1	1.08mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	44d	1	1.08mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	44d	1	1.09mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	1.10mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	1.12mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	44d	1	1.13mi
328 54th St Unit B Fairfield, AL	2.0	1.0	1570	$750	$0.48	44d	1	1.15mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	3d	1	1.17mi
5709 Court H Birmingham, AL	4.0	1.5	1455	$1,400	$0.96	2d	1	1.18mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	12d	1	1.20mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	44d	1	1.25mi

Listing history 17 events

1. 2026-06-18
   days on market $53,400 Active 69 DOM
2. 2026-06-17
   days on market $53,400 Active 68 DOM
3. 2026-06-16
   days on market $53,400 Active 67 DOM
4. 2026-06-15
   days on market $53,400 Active 66 DOM
5. 2026-06-13
   days on market $53,400 Active 64 DOM
6. 2026-06-10
   days on market $53,400 Active 61 DOM
7. 2026-06-09
   days on market $53,400 Active 60 DOM
8. 2026-06-08
   days on market $53,400 Active 59 DOM
9. 2026-06-07
   days on market $53,400 Active 58 DOM
10. 2026-06-03
    days on market $53,400 Active 54 DOM
11. 2026-06-02
    days on market $53,400 Active 53 DOM
12. 2026-06-01
    days on market $53,400 Active 52 DOM
13. 2026-05-31
    days on market $53,400 Active 51 DOM
14. 2026-05-13
    price $58,700 454-char remark

    Show marketing remark (454 chars)

    This attractive three bedroom is situated on a nice lot with shady trees. Near all conveniences. Could be a good rental or fixer upper. Repairs may be needed once access is gained. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. As is sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer will be responsible for obtaining possession of the property upon closing.

15. 2026-04-27
    price $69,500 454-char remark

    Show marketing remark (454 chars)

    This attractive three bedroom is situated on a nice lot with shady trees. Near all conveniences. Could be a good rental or fixer upper. Repairs may be needed once access is gained. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. As is sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer will be responsible for obtaining possession of the property upon closing.

16. 2026-04-10
    listed $100,700 Active 454-char remark

    Show marketing remark (454 chars)

    This attractive three bedroom is situated on a nice lot with shady trees. Near all conveniences. Could be a good rental or fixer upper. Repairs may be needed once access is gained. Occupied Reserve Auction – NO ACCESS OR VIEWINGS of this property. Please DO NOT DISTURB the occupant. As is sale with no contingencies or inspections. Seller cannot guarantee occupancy. Buyer will be responsible for obtaining possession of the property upon closing.

17. 1993-02-17
    soldstatus $54,000

ⓘ 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: $913 · $76/mo
• Projected year-2 tax: $913 · $76/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 ≥108°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: $14,131
• − Mortgage interest: −$2,991
• − Property taxes: −$913
• − Insurance: −$267
• − Repairs & maintenance: −$1,130
• − Management: −$1,130
• − Depreciation: −$1,553
• Taxable income: $6,146
• Est. tax owed @ 24.0%: −$1,475
• After-tax cash flow: $5,149/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: Fairfield City
• NCES district ID: 0101440
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 15% ▼ -4.00%
• Median HH income: $35,288
• Composite: 6.92/100
• National rank: #9974
• State rank: #125 of 129 in AL

Livability — Fairfield

• Score: 64/100
• State rank: #160
• US rank: #14390

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairfield, AL
• County: Jefferson County · 527,445 people
• City population: 9,872
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 9,872
• Household income: $48,692
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 784.0

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 (91%)
• Race & ethnicity: Black 91% White 7% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 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: ▼ -50.47%
• Current HPI: 124.7012
• 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

+8.7% since first listed

4 events — show timeline

• 2026-05-13 Price Changed $58,700 VMLS
• 2026-04-27 Price Changed $69,500 VMLS
• 2026-04-10 Listed $100,700 VMLS
• 1993-02-17 Sold (Public Records) $54,000 Public Records

Property tax history

-5.5%/yr

Latest (2025): $913 · -5.5% YoY. Source: county tax records.