3664 43rd Ave N · Birmingham, AL 35207

$55,000

3 bd · 1.0 ba · 1,556 sqft · SingleFamily public records · 120 Days on market

Built 1964 5,662 sqft lot $35/sqft · at area comps Est $57k · 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
• Appreciation +10.0/10.0
• ARV discount +9.1/15.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

This 3 bedroom & 2 full bathoom home is great for first time home buyers or an investment property for rental income. Large front porch leads you into the living room & dinin room with hardwood floors. Good sized kitchen with original pine cabinets, with counter space & an eat in area. There are 3 bedrooms with closets. The full hall bathroom features a tub/shower combo. Oversized den in the back features a full bathroom as well with a separate shower & leads to a covered patio area. Flat back yard also features a detached garage. Seller Finance options available!

Key facts

• Oversized den
• Large front porch
• Eat in area

Tags

• LARGE FRONT PORCH
• HARDWOOD FLOORS
• ORIGINAL PINE CABINETS
• EAT IN AREA
• OVERSIZED DEN
• COVERED PATIO AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $55k.

Deal economics

• At list price, monthly cash flow is $449 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 17.5% 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: 42 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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

• In year one you build about $6k of equity ($380 loan paydown + $6k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 120 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 120 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 2.06% ✓
• Cap rate: 17.54%
• Cash-on-cash: 40.17%
• DSCR: 2.79
• GRM: 4.0

CMA / ARV

• ARV (median comp): $57,062
• List price: $55,000
• Delta: -3.61%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
636 Jefferson Blvd	0.68mi	3/1.0	1,505 (-3%)	0mo	$65,000	$43	62
3837 41st Ave N	0.60mi	3/1.0	1,554 (-0%)	23mo	$30,000	$19	52
3920 39th Ave N	0.74mi	3/1.5	1,502 (-4%)	9mo	$53,000	$35	50
717 Jackson Blvd	0.71mi	4/1.0 (+1)	1,604 (+3%)	8mo	$65,000	$41	50
3940 40th Ave N	0.74mi	3/1.0	1,444 (-7%)	19mo	$50,000	$35	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 51.1%
• Equity multiple: 4.81×
• Total profit: $58,617
• Equity at exit: $49,548

10-year hold

• IRR: 44.8%
• Equity multiple: 10.76×
• Total profit: $150,237
• Equity at exit: $106,853

Cash invested: $15,400 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,134 high
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $449

Break-even live

Break-even rent $565

Max offer price $55,000

Occupancy floor 55%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	43d	1	0.33mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.53mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	23d	1	0.53mi
4344 Pulaski St Birmingham, AL	3.0	1.0	1268	$1,050	$0.83	43d	1	0.59mi
4301 Greenwood St Birmingham, AL	3.0	1.0	1140	$1,025	$0.90	2d	1	0.60mi
619 Bell Ave Birmingham, AL	3.0	1.0	1550	$1,075	$0.69	43d	1	0.62mi
4329 Pulaski St Birmingham, AL	3.0	2.0	1240	$1,353	$1.09	23d	1	0.63mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	3d	1	0.69mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	43d	1	0.69mi
732 Fulton Ave Birmingham, AL	4.0	2.0	1320	$1,450	$1.10	43d	1	0.74mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	43d	1	0.83mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	1.01mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	43d	1	1.05mi
4212 50th Ave N Birmingham, AL	4.0	2.0	1517	$1,595	$1.05	1d	1	1.06mi
4418 43rd St N Birmingham, AL	3.0	1.0	1710	$925	$0.54	23d	1	1.06mi
1043 Jackson Blvd Birmingham, AL	4.0	2.0	1300	$1,095	$0.84	14d	1	1.08mi
2807 34th St N Birmingham, AL	4.0	2.0	1556	$1,100	$0.71	43d	1	1.09mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	19d	1	1.10mi
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	1.10mi
1236 Elm Ave Birmingham, AL	3.0	1.0	1888	$950	$0.50	43d	1	1.21mi
1237 Elm Ave Birmingham, AL	2.0	1.5	1312	$1,150	$0.88	43d	1	1.22mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	43d	1	1.22mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	14d	1	1.22mi
1108 Hall St Birmingham, AL	2.0	1.0	1680	$850	$0.51	43d	1	1.22mi
4925 43rd Way N Birmingham, AL	3.0	2.0	1232	$1,461	$1.19	1d	1	1.24mi
1249 Waverly St Birmingham, AL	3.0	1.0	1260	$1,000	$0.79	43d	1	1.48mi

Listing history 21 events

1. 2026-06-18
   days on market $55,000 Active 120 DOM
2. 2026-06-17
   days on market $55,000 Active 119 DOM
3. 2026-06-16
   days on market $55,000 Active 118 DOM
4. 2026-06-15
   days on market $55,000 Active 117 DOM
5. 2026-06-13
   days on market $55,000 Active 115 DOM
6. 2026-06-10
   days on market $55,000 Active 112 DOM
7. 2026-06-09
   days on market $55,000 Active 111 DOM
8. 2026-06-08
   days on market $55,000 Active 110 DOM
9. 2026-06-07
   pricedays on market $55,000 Active 109 DOM
10. 2026-06-03
    days on market $65,000 Active 105 DOM
11. 2026-06-02
    days on market $65,000 Active 104 DOM
12. 2026-06-01
    days on market $65,000 Active 103 DOM
13. 2026-05-31
    days on market $65,000 Active 102 DOM
14. 2026-04-01
    price $65,000 594-char remark

    Show marketing remark (594 chars)

    This 3 bedroom & 2 full bathoom home is great for first time home buyers or an investment property for rental income. Large front porch leads you into the living room & dinin room with hardwood floors. Good sized kitchen with original pine cabinets, with counter space & an eat in area. There are 3 bedrooms with closets. The full hall bathroom features a tub/shower combo. Oversized den in the back features a full bathroom as well with a separate shower & leads to a covered patio area. Flat back yard also features a detached garage. Seller Finance options available!

15. 2026-02-18
    listed $75,000 Active 594-char remark

    Show marketing remark (594 chars)

    This 3 bedroom & 2 full bathoom home is great for first time home buyers or an investment property for rental income. Large front porch leads you into the living room & dinin room with hardwood floors. Good sized kitchen with original pine cabinets, with counter space & an eat in area. There are 3 bedrooms with closets. The full hall bathroom features a tub/shower combo. Oversized den in the back features a full bathroom as well with a separate shower & leads to a covered patio area. Flat back yard also features a detached garage. Seller Finance options available!

16. 2025-08-21
    price $24,800
17. 2025-07-28
    price $28,400
18. 2025-07-08
    price $35,500
19. 2025-06-06
    price $38,400
20. 2025-05-22
    price $43,100
21. 2025-05-06
    listed $52,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 76% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,605
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$1,072
• − Repairs & maintenance: −$1,088
• − Management: −$1,088
• − Depreciation: −$1,600
• Taxable income: $4,850
• Est. tax owed @ 24.0%: −$1,164
• After-tax cash flow: $4,225/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
• City population: 210,422
• Population (ZIP): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% 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: ▲ 35.95%
• Current HPI: 228.5664
• Rent YoY: —
• Metro: —
• 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

+25.0% since first listed

8 events — show timeline

• 2026-04-01 Price Changed $65,000 Greater Alabama MLS
• 2026-02-18 Listed $75,000 Greater Alabama MLS
• 2025-08-21 Price Changed $24,800 WAMLS
• 2025-07-28 Price Changed $28,400 WAMLS
• 2025-07-08 Price Changed $35,500 WAMLS
• 2025-06-06 Price Changed $38,400 WAMLS
• 2025-05-22 Price Changed $43,100 WAMLS
• 2025-05-06 Listed $52,000 WAMLS