512 60th St · Fairfield, AL 35064

$45,000

2 bd · 1.0 ba · 904 sqft · SingleFamily public records · 4 Days on market

Built 1935 Est $44k · 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 +6.8/15.0
• 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

INVESTOR ALERT! Tenant occupied 2Bed /1Bath home with an additional room offering potential for a third bedroom, office, or bonus space. Existing tenant provides immediate income producing potential or can possibly sell without the tenant . Convenient Fairfield location with strong rental demand. Property sold as-is.

Key facts

• Office
• Strong rental demand
• Additional room

Tags

• ADDITIONAL ROOM
• POTENTIAL FOR A THIRD BEDROOM
• OFFICE
• BONUS SPACE
• FAIRFIELD LOCATION
• STRONG RENTAL DEMAND

Property features AI

Finance

• Other: Parcel ID: 30-00-13-2-002-003.000
• Financial info: No investor or income/expense details listed
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; Off-street parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Gas water heater; Internet service available
• Home design: Existing construction; Single-story (all rooms listed at level 1); Subdivision: Fairfield
• Construction: Shingle construction; Crawl space foundation
• Exterior features: Not waterfront; No pool, patio, decks, or garden/patio listed; Lot view: none; Flood plain: not in flood plain

Interior

• Kitchen: Solid surface countertops
• Bedrooms: Two bedrooms on the main level
• Flooring: Hardwood laminate flooring
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Gas heating; Window unit heating; Window air conditioning units
• Interior features: Ceilings: Other (see remarks); No additional interior features listed
• Laundry & utility: No specific laundry/utility details listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $477 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Cap rate 19.0% 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+, amenities F, employment 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.
• Zoned schools: C J Donald Middle School (math 2% / reading 17%, grade F, #227 of 257 statewide, top 90%, 332 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: 51 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% 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 $311 of loan paydown is wiped out by about $1k 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 $13k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1935 — 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 $45,000

Questions for the listing agent

1. Built in 1935 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.23% ✓
• Cap rate: 19.01%
• Cash-on-cash: 45.41%
• DSCR: 3.02
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $44,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5704 Myron Massey Blvd	0.24mi	2/1.0	894 (-1%)	5mo	$35,000	$39	83
4944 Court G	0.41mi	2/1.0	869 (-4%)	1mo	$21,000	$24	73
616 62nd St	0.15mi	3/1.0 (+1)	1,008 (+12%)	7mo	$47,500	$47	63
721 51st St	0.45mi	2/1.0	962 (+6%)	7mo	$67,000	$70	62
712 61st St	0.14mi	2/1.0	1,008 (+12%)	14mo	$3,000	$3	62
5520 Avenue J	0.56mi	2/1.0	916 (+1%)	21mo	$48,000	$52	54
6021 Court F	0.18mi	2/1.0	1,022 (+13%)	22mo	$50,000	$49	51
4925 Court G	0.48mi	2/1.0	966 (+7%)	21mo	$53,000	$55	49
5512 Terrace J	0.67mi	3/1.0 (+1)	972 (+8%)	3mo	$22,000	$23	48
4713 Avenue I	0.70mi	2/1.0	968 (+7%)	12mo	$19,000	$20	45
5125 Farrell Ave	0.56mi	3/2.0 (+1)	839 (-7%)	21mo	$132,000	$157	35
5621 Terrace J	0.69mi	3/1.0 (+1)	999 (+10%)	22mo	$60,000	$60	26

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: 42.6%
• Equity multiple: 2.83×
• Total profit: $23,092
• Equity at exit: $6,710

10-year hold

• IRR: 48.7%
• Equity multiple: 5.70×
• Total profit: $59,282
• Equity at exit: $3,891

Cash invested: $12,600 (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: 51
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,003 high
• Mortgage (P&I): −$236
• Tax from tax record: −$61 /mo · $729/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $477

Break-even live

Break-even rent $399

Max offer price $45,000

Occupancy floor 47%

Sensitivity live

Price	-10% $502	-5% $490	+0% $477	+5% $464	+10% $451
Rent	-10% $398	-5% $437	+0% $477	+5% $516	+10% $556
Rate	-1.0pp $499	-0.5pp $488	base $477	+0.5pp $465	+1.0pp $453

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: $11,250
• Closing costs: $1,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	45d	1	0.26mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	4d	1	0.37mi
125 Jerry Coleman St Fairfield, AL	2.0	1.0	715	$725	$1.01	45d	1	0.41mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	45d	1	0.55mi
1045 57th St Birmingham, AL	1.0	1.0	700	$775	$1.11	45d	1	0.64mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	45d	1	0.67mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	12d	1	0.72mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	4d	1	0.76mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	45d	1	0.82mi
5714 Court M Unit 5720 Birmingham, AL	1.0	1.0	600	$700	$1.17	45d	1	0.88mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	45d	1	0.92mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	45d	1	0.94mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	25d	1	0.94mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	45d	1	0.97mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	4d	1	0.98mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	45d	1	1.02mi
1317 Woodward Rd Birmingham, AL	2.0	1.0	672	$800	$1.19	3d	1	1.03mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	45d	1	1.06mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	45d	1	1.08mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	45d	1	1.10mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	4d	1	1.11mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	45d	1	1.12mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	25d	1	1.12mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	45d	1	1.16mi
1429 47th Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	768	$750	$0.98	45d	1	1.18mi
5516 Avenue P Birmingham, AL	2.0	1.0	888	$1,000	$1.13	45d	1	1.22mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	1.22mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	45d	1	1.22mi
5832 Court Q Birmingham, AL	3.0	1.0	912	$950	$1.04	46d	1	1.39mi
5820 Court Q Birmingham, AL	3.0	1.0	902	$1,200	$1.33	45d	1	1.40mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	4d	1	1.43mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	25d	1	1.44mi
5219 Court Q Birmingham, AL	3.0	2.0	1082	$1,200	$1.11	20d	1	1.44mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	17d	1	1.44mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	45d	1	1.45mi
5320 Ter Q Unit Q Birmingham, AL	3.0	2.0	1116	$1,250	$1.12	45d	1	1.47mi
1012 33rd St SW Birmingham, AL	1.0–2.0	1.0–2.0	800	$750	$0.94	4d	1	1.48mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	45d	1	1.48mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	45d	1	1.49mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	45d	1	1.49mi

Listing history 3 events

1. 2026-06-22
   days on market $45,000 Active 4 DOM
2. 2026-06-17
   remarks 318-char remark
3. 2026-06-17
   listed $45,000 Active 1 DOM

ⓘ 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: $729 · $61/mo
• Projected year-2 tax: $729 · $61/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 7/10 Severe 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: $12,034
• − Mortgage interest: −$2,521
• − Property taxes: −$729
• − Insurance: −$225
• − Repairs & maintenance: −$963
• − Management: −$963
• − Depreciation: −$1,309
• Taxable income: $5,325
• Est. tax owed @ 24.0%: −$1,278
• After-tax cash flow: $4,443/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

+28.6% since first listed

2 events — show timeline

• 2026-06-17 Listed $45,000 Greater Alabama MLS
• 2015-12-22 Price Changed $34,999 Greater Alabama MLS

Property tax history

+2.1%/yr

Latest (2025): $729 · -1.4% YoY. Source: county tax records.