1672 Fulton Ave SW · Birmingham, AL 35211

$75,000

3 bd · 1.0 ba · 1,478 sqft · SingleFamily public records · 269 Days on market

Built 1925 6,969 sqft lot $51/sqft · 100% above area Est $75k · at est.

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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 +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 1 bathroom home offers solid investment potential with a new roof installed in 2022 and reliable tenants already in place. The property provides steady rental income, making it a strong addition to any portfolio, while the recent roof update gives peace of mind on one of the biggest expenses. With manageable upkeep and income-producing occupancy, this home is well-suited for both new and seasoned investors. Rent 1,030, CapRate 16.48%.

Key facts

• Steady rental income
• New roof
• 6,969 sq ft lot

Tags

• NEW ROOF
• STEADY RENTAL INCOME
• INCOME PRODUCING OCCUPANCY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.5% 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 soft (-0.0%/yr); 154 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 44% of the median local income ($35k/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 $519 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 + 0.0% rent growth), your $21k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 269 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago; this cycle's ask is 15% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 269 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 1925 — 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: 1.72% ✓
• Cap rate: 14.48%
• Cash-on-cash: 29.24%
• DSCR: 2.30
• GRM: 4.8

CMA / ARV

• ARV (median comp): $75,028
• List price: $75,000
• Delta: -0.04%
• Verdict: FAIR
• Comps: 11 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1700 Lee Ave SW	0.25mi	3/2.0	1,586 (+7%)	0mo	$177,000	$112	72
1629 Steiner Ave SW	0.41mi	2/1.0 (-1)	1,476 (-0%)	8mo	$72,000	$49	69
1437 Woodland Ave SW	0.35mi	3/1.0	1,369 (-7%)	5mo	$53,000	$39	68
1728 Princeton Ave SW	0.25mi	3/1.0	1,334 (-10%)	10mo	$63,500	$48	64
1625 SW Alabama Ave	0.12mi	2/2.0 (-1)	1,290 (-13%)	2mo	$19,900	$15	62
724 18th Pl SW	0.56mi	4/2.0 (+1)	1,508 (+2%)	4mo	$48,900	$32	58
412 SW 12th St	0.64mi	3/1.0	1,526 (+3%)	8mo	$59,000	$39	57
430 12th St SW	0.65mi	3/2.0	1,408 (-5%)	7mo	$140,000	$99	52
1125 Fulton Ave SW	0.72mi	3/1.0	1,332 (-10%)	8mo	$75,000	$56	44
213 SW 22nd St	0.67mi	3/1.0	1,260 (-15%)	8mo	$110,000	$87	38
201 21st St SW	0.60mi	3/2.0	1,258 (-15%)	8mo	$30,000	$24	37
1125 SW 15th St	0.69mi	3/2.0	1,684 (+14%)	7mo	$139,000	$83	34

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 20.3%
• Equity multiple: 1.79×
• Total profit: $16,677
• Equity at exit: $11,183

10-year hold

• IRR: 26.4%
• Equity multiple: 3.00×
• Total profit: $41,946
• Equity at exit: $6,485

Cash invested: $21,000 (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 35211

• Rents YoY: -0.0%
• Active inventory: 154
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,289 high
• Mortgage (P&I): −$393
• Tax from tax record: −$82 /mo · $982/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $512

Break-even live

Break-even rent $641

Max offer price $75,000

Occupancy floor 55%

Sensitivity live

Price	-10% $554	-5% $533	+0% $512	+5% $491	+10% $469
Rent	-10% $410	-5% $461	+0% $512	+5% $563	+10% $614
Rate	-1.0pp $550	-0.5pp $531	base $512	+0.5pp $492	+1.0pp $473

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
504 Francis Pl SW Birmingham, AL	3.0	2.0	1816	$1,223	$0.67	25d	1	0.10mi
1645 Woodland Ave SW Birmingham, AL	4.0	2.0	1298	$1,300	$1.00	20d	1	0.13mi
1800 Woodland Ave SW Birmingham, AL	4.0	1.0	1411	$1,195	$0.85	3d	1	0.19mi
1816 Saint Charles Ave SW Birmingham, AL	3.0	1.0	1395	$1,295	$0.93	25d	1	0.26mi
1728 Princeton Ave SW Birmingham, AL	4.0	2.0	1334	$1,300	$0.97	45d	1	0.27mi
1501 Princeton Ave SW Birmingham, AL	3.0	2.0	1260	$1,350	$1.07	46d	1	0.30mi
1734 Lee Ave SW Birmingham, AL	4.0	1.0	1142	$1,150	$1.01	20d	1	0.31mi
1437 Woodland Ave SW Birmingham, AL	3.0	1.0	1369	$1,100	$0.80	5d	1	0.33mi
1900 Saint Charles Ave SW Birmingham, AL	4.0	2.0	1623	$1,350	$0.83	3d	1	0.45mi
1933 Saint Charles Ct SW Birmingham, AL	3.0	1.0	1106	$1,050	$0.95	25d	1	0.54mi
1609 Jefferson Ave SW Birmingham, AL	4.0	1.0	1572	$1,300	$0.83	5d	1	0.54mi
1228 Fulton Ave SW Birmingham, AL	2.0	1.0	900	$800	$0.89	46d	1	0.56mi
1000 17th Pl SW Birmingham, AL	3.0	2.0	1200	$1,275	$1.06	20d	1	0.57mi
1220 Alabama Ave SW Birmingham, AL	3.0	1.5	1175	$1,350	$1.15	45d	1	0.58mi
1217 Fulton Ave SW Birmingham, AL	4.0	2.0	1397	$1,395	$1.00	45d	1	0.59mi
1213 Alabama Ave SW Birmingham, AL	4.0	2.0	1616	$1,200	$0.74	45d	1	0.60mi
1620 Alemeda Ave SW Birmingham, AL	3.0	2.0	1314	$1,295	$0.99	3d	1	0.61mi
2028 Lee Ter SW Birmingham, AL	2.0	1.0	884	$695	$0.79	45d	1	0.62mi
2026 Lee Ct SW Birmingham, AL	3.0	1.0	1204	$1,100	$0.91	45d	1	0.70mi
1136 15th St SW Birmingham, AL	4.0	2.0	1296	$1,395	$1.08	25d	1	0.70mi
208 22nd St SW Birmingham, AL	2.0	1.0	926	$1,050	$1.13	5d	1	0.72mi
1204 15th Way SW Birmingham, AL	4.0	3.0	1715	$1,400	$0.82	45d	1	0.74mi
2216 Lee Ave SW Birmingham, AL	3.0	1.0	902	$900	$1.00	25d	1	0.77mi
1698 Dennison Ave SW Birmingham, AL	4.0	2.0	1780	$1,300	$0.73	45d	1	0.77mi
405 11th St SW Unit B Birmingham, AL	2.0	1.0	1065	$800	$0.75	45d	1	0.77mi
1233 15th Way SW Birmingham, AL	3.0	1.0	1119	$1,050	$0.94	45d	1	0.81mi
2017 48th Street Ensley Birmingham, AL	3.0	2.0	1383	$1,250	$0.90	45d	1	0.87mi
1012 Cotton Ave SW Birmingham, AL	3.0	1.0	1232	$1,000	$0.81	45d	1	0.88mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	45d	1	0.88mi
1621 2nd Ct W Birmingham, AL	3.0	1.0	1074	$1,095	$1.02	45d	1	0.89mi
1256 15th St SW Birmingham, AL	3.0	1.0	1206	$1,300	$1.08	4d	1	0.89mi
2709 30th Street Ensley Birmingham, AL	4.0	2.0	1410	$1,323	$0.94	3d	1	0.92mi
407 S Park Rd SW Birmingham, AL	3.0	1.0	1050	$900	$0.86	45d	1	0.94mi
312 25th St SW Birmingham, AL	4.0	1.0	1159	$1,000	$0.86	25d	1	0.94mi
1332 15th Pl SW Birmingham, AL	2.0	1.0	1115	$950	$0.85	5d	1	0.96mi
2519 Saint Charles Ave SW Birmingham, AL	2.0	1.0	990	$975	$0.98	46d	1	0.97mi
4813 Court S Birmingham, AL	3.0	2.0	1118	$1,125	$1.01	45d	1	0.99mi
2329 30th Street Ensley Birmingham, AL	2.0	1.0	917	$990	$1.08	25d	1	1.00mi
1252 18th Pl SW Birmingham, AL	3.0	1.0	950	$1,000	$1.05	17d	1	1.02mi
2421 29th Street Ensley Unit C Birmingham, AL	2.0	1.0	950	$703	$0.74	25d	1	1.02mi

Listing history 26 events

1. 2026-06-21
   days on market $75,000 Active 269 DOM
2. 2026-06-18
   days on market $75,000 Active 266 DOM
3. 2026-06-17
   days on market $75,000 Active 265 DOM
4. 2026-06-16
   days on market $75,000 Active 264 DOM
5. 2026-06-15
   days on market $75,000 Active 263 DOM
6. 2026-06-13
   days on market $75,000 Active 261 DOM
7. 2026-06-10
   days on market $75,000 Active 258 DOM
8. 2026-06-09
   days on market $75,000 Active 257 DOM
9. 2026-06-08
   days on market $75,000 Active 256 DOM
10. 2026-06-07
    days on market $75,000 Active 255 DOM
11. 2026-06-03
    days on market $75,000 Active 251 DOM
12. 2026-06-02
    days on market $75,000 Active 250 DOM
13. 2026-06-01
    days on market $75,000 Active 249 DOM
14. 2026-05-31
    days on market $75,000 Active 248 DOM
15. 2026-01-25
    price $75,000 454-char remark

    Show marketing remark (454 chars)

    This 3 bedroom, 1 bathroom home offers solid investment potential with a new roof installed in 2022 and reliable tenants already in place. The property provides steady rental income, making it a strong addition to any portfolio, while the recent roof update gives peace of mind on one of the biggest expenses. With manageable upkeep and income-producing occupancy, this home is well-suited for both new and seasoned investors. Rent 1,030, CapRate 16.48%.

16. 2026-01-24
    status Active 454-char remark

    Show marketing remark (454 chars)

    This 3 bedroom, 1 bathroom home offers solid investment potential with a new roof installed in 2022 and reliable tenants already in place. The property provides steady rental income, making it a strong addition to any portfolio, while the recent roof update gives peace of mind on one of the biggest expenses. With manageable upkeep and income-producing occupancy, this home is well-suited for both new and seasoned investors. Rent 1,030, CapRate 16.48%.

17. 2025-10-09
    historical Contingent 454-char remark

    Show marketing remark (454 chars)

    This 3 bedroom, 1 bathroom home offers solid investment potential with a new roof installed in 2022 and reliable tenants already in place. The property provides steady rental income, making it a strong addition to any portfolio, while the recent roof update gives peace of mind on one of the biggest expenses. With manageable upkeep and income-producing occupancy, this home is well-suited for both new and seasoned investors. Rent 1,030, CapRate 16.48%.

18. 2025-09-19
    listed $65,000 Active 454-char remark

    Show marketing remark (454 chars)

    This 3 bedroom, 1 bathroom home offers solid investment potential with a new roof installed in 2022 and reliable tenants already in place. The property provides steady rental income, making it a strong addition to any portfolio, while the recent roof update gives peace of mind on one of the biggest expenses. With manageable upkeep and income-producing occupancy, this home is well-suited for both new and seasoned investors. Rent 1,030, CapRate 16.48%.

19. 2024-10-13
    historical $980
20. 2024-09-14
    listed $980
21. 2024-08-02
    soldstatus $400,000
22. 2022-10-27
    soldstatus $455,000
23. 2017-06-26
    soldstatus $15,900 Sold 340-char remark

    Show marketing remark (340 chars)

    VERY LOVELY WELL MAINTAINED HOME, 3 BEDROOMS 1 FULL BATH, SEPARATE LR, DR, LAUNDRY RM. NICE LEVEL FENCED -N-BACKYARD W/ DECK FOR GRILLING OUT . UTILITY SHED, WASHER AND DRYER, REMAIN. LONG DRIVE-WAY W/ A DETACHED GARAGE. THIS HOME IS MAINTENANCE FREE, VINYL SIDING . INTERIOR AND EXTERIOR HAS BEEN PAINTED. THIS HOME IS IN MOVE IN CONDITION

24. 2017-04-18
    price $19,900 340-char remark

    Show marketing remark (340 chars)

    VERY LOVELY WELL MAINTAINED HOME, 3 BEDROOMS 1 FULL BATH, SEPARATE LR, DR, LAUNDRY RM. NICE LEVEL FENCED -N-BACKYARD W/ DECK FOR GRILLING OUT . UTILITY SHED, WASHER AND DRYER, REMAIN. LONG DRIVE-WAY W/ A DETACHED GARAGE. THIS HOME IS MAINTENANCE FREE, VINYL SIDING . INTERIOR AND EXTERIOR HAS BEEN PAINTED. THIS HOME IS IN MOVE IN CONDITION

25. 2017-01-26
    listed $39,000 Active 340-char remark

    Show marketing remark (340 chars)

    VERY LOVELY WELL MAINTAINED HOME, 3 BEDROOMS 1 FULL BATH, SEPARATE LR, DR, LAUNDRY RM. NICE LEVEL FENCED -N-BACKYARD W/ DECK FOR GRILLING OUT . UTILITY SHED, WASHER AND DRYER, REMAIN. LONG DRIVE-WAY W/ A DETACHED GARAGE. THIS HOME IS MAINTENANCE FREE, VINYL SIDING . INTERIOR AND EXTERIOR HAS BEEN PAINTED. THIS HOME IS IN MOVE IN CONDITION

26. 1976-11-23
    soldstatus $18,550

ⓘ 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: $982 · $82/mo
• Projected year-2 tax: $982 · $82/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 ≥106°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: $15,465
• − Mortgage interest: −$4,201
• − Property taxes: −$982
• − Insurance: −$375
• − Repairs & maintenance: −$1,237
• − Management: −$1,237
• − Depreciation: −$2,182
• Taxable income: $5,251
• Est. tax owed @ 24.0%: −$1,260
• After-tax cash flow: $4,881/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): 24,924
• Household income: $34,884
• Rent vs Own: 59.7% rent · 40.3% own
• Severe rent burden: 2161.0

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 10% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 7%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 8% French/Haitian/Cajun 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: ▼ -49.29%
• Current HPI: 91.2903
• Rent YoY: ▬ -0.01%
• 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

+304.3% since first listed

12 events — show timeline

• 2026-01-25 Price Changed $75,000 Greater Alabama MLS
• 2026-01-24 Relisted — Greater Alabama MLS
• 2025-10-09 Contingent — Greater Alabama MLS
• 2025-09-19 Listed $65,000 Greater Alabama MLS
• 2024-10-13 Rental Removed $980 APPFOLIO
• 2024-09-14 Listed for Rent $980 APPFOLIO
• 2024-08-02 Sold (Public Records) $400,000 Public Records
• 2022-10-27 Sold (Public Records) $455,000 Public Records
• 2017-06-26 Sold (MLS) $15,900 Greater Alabama MLS
• 2017-04-18 Price Changed $19,900 Greater Alabama MLS
• 2017-01-26 Listed $39,000 Greater Alabama MLS
• 1976-11-23 Sold (Public Records) $18,550 Public Records

Property tax history

+8.7%/yr

Latest (2025): $982 · +0.0% YoY. Source: county tax records.