212 56th St · Fairfield, AL 35064

$44,900

3 bd · 1.0 ba · 1,126 sqft · SingleFamily public records · 29 Days on market

Built 1925 6,534 sqft lot Est $72k · 38% under ↓ 30% since listing

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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

CALLING ALL OFFERS!! This home features 3 bedrooms & 1 full bathroom. Large covered front porch leads into the living area with hardwood flooring. Dining space opens to the kitchen with eat in area, updated laminate flooring & washer / dryer hook-ups. There are 3 bedrooms with closets. The full hall bathroom features a tub/shower combo, vanity & new toilet. Out back features a flat back yard. Home Sold As-Is.

Key facts

• Covered front porch
• Hardwood flooring
• Flat back yard

Tags

• COVERED FRONT PORCH
• HARDWOOD FLOORING
• DINING SPACE
• KITCHEN WITH EAT IN AREA
• UPDATED LAMINATE FLOORING
• FLAT BACK YARD

Property features AI

Exterior

• Parking: On-street parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available; Paved, public road access
• Home design: Existing structure; Construction: one-side brick with brick over foundation and wood siding; Crawl space foundation
• Construction: Brick and wood siding construction
• Exterior features: Front porch; Interior lot with some trees

Interior

• Kitchen: Laminate countertops
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood; Hardwood laminate
• Bathrooms: One full bathroom with tub/shower combo (shared bath)
• Heating & cooling: No heat; No air conditioning
• Interior features: Hardwood and hardwood-laminate floors; Some window treatments to remain; Attic present; Ceilings: see remarks
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $45k.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $45k).
• Recommended offer: $44k (1.5% below list) — sets the bar for market timing.
• Cap rate 22.5% 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: Robinson Primary School (math 2% / reading 22%, grade F, #536 of 627 statewide, top 88%, 245 students, 89% FRL) — zoned schools at 89% FRL track the district average.
• Market conditions: 52 active listings in the ZIP; 40 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 $310 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 ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($44k) is reasonable based on typical stale-listing flexibility.

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 $44,226 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — 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: 2.53% ✓
• Cap rate: 22.46%
• Cash-on-cash: 57.73%
• DSCR: 3.57
• GRM: 3.3

CMA / ARV

• ARV (on-the-fly): $72,064
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5303 Acadia Ter	0.17mi	3/1.0	1,146 (+2%)	10mo	$11,000	$10	81
5314 Belrosa Ter	0.13mi	2/1.0 (-1)	1,078 (-4%)	6mo	$25,000	$23	76
405 55th St	0.19mi	3/2.0	1,207 (+7%)	2mo	$99,000	$82	73
109 60th St	0.30mi	2/2.0 (-1)	1,148 (+2%)	4mo	$86,850	$76	70
411 58th St	0.21mi	3/2.0	1,176 (+4%)	11mo	$59,000	$50	69
5219 Court G	0.57mi	3/1.0	1,140 (+1%)	4mo	$47,000	$41	68
704 61st St	0.49mi	3/1.0	1,184 (+5%)	3mo	$88,500	$75	66
513 Lloyd Noland Pkwy	0.56mi	3/1.5	1,212 (+8%)	3mo	$77,900	$64	57
117 62nd St	0.41mi	2/1.0 (-1)	1,220 (+8%)	9mo	$61,000	$50	54
616 62nd St	0.51mi	3/1.0	1,008 (-10%)	7mo	$47,500	$47	53
114 60th St	0.26mi	3/2.0	1,290 (+15%)	12mo	$120,000	$93	50
721 51st St	0.62mi	2/1.0 (-1)	962 (-15%)	7mo	$67,000	$70	36

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: 56.3%
• Equity multiple: 3.49×
• Total profit: $31,254
• Equity at exit: $6,695

10-year hold

• IRR: 61.2%
• Equity multiple: 7.11×
• Total profit: $76,846
• Equity at exit: $3,882

Cash invested: $12,572 (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: 3.3×

Monthly cashflow live

• Estimated rent: $1,135 high
• Mortgage (P&I): −$235
• Tax from tax record: −$38 /mo · $456/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $605

Break-even live

Break-even rent $370

Max offer price $44,900

Occupancy floor 42%

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: $11,225
• Closing costs: $1,347
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 58th St Fairfield, AL	3.0	2.0	1468	$1,200	$0.82	43d	1	0.13mi
109 59th St Fairfield, AL	4.0	1.0	1344	$1,200	$0.89	11d	1	0.21mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	3d	1	0.27mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	43d	1	0.31mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	43d	1	0.43mi
125 Jerry Coleman St Fairfield, AL	2.0	1.0	715	$725	$1.01	43d	1	0.44mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	23d	1	0.48mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	43d	1	0.53mi
513 Oak Pl Fairfield, AL	4.0	2.0	1440	$1,300	$0.90	23d	1	0.54mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	43d	1	0.55mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	11d	1	0.56mi
518 Oak Pl Fairfield, AL	3.0	1.0	1236	$875	$0.71	19d	1	0.57mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	23d	1	0.59mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	43d	1	0.62mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	3d	1	0.72mi
5709 Court H Birmingham, AL	4.0	1.5	1455	$1,400	$0.96	1d	1	0.73mi
5300 Avenue I Birmingham, AL	4.0	2.0	1360	$1,500	$1.10	2d	1	0.73mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	43d	1	0.78mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	10d	1	0.78mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	43d	1	0.79mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	0.86mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	43d	1	0.87mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	43d	1	0.89mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	43d	1	0.91mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	43d	1	0.91mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	3d	1	0.96mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	43d	1	0.99mi
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	43d	1	0.99mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	43d	1	0.99mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	3d	1	1.01mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	1.05mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	43d	1	1.14mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	43d	1	1.17mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	43d	1	1.18mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	43d	1	1.19mi
1312 Gulfport St Birmingham, AL	3.0	1.5	1376	$1,100	$0.80	43d	1	1.19mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	43d	1	1.23mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	23d	1	1.23mi
1232 Frisco St Birmingham, AL	4.0	2.0	1332	$1,295	$0.97	2d	1	1.24mi
3517 Avenue F Birmingham, AL	3.0	2.0	1155	$1,200	$1.04	43d	1	1.25mi

Listing history 17 events

1. 2026-06-18
   days on market $44,900 Active 29 DOM
2. 2026-06-17
   days on market $44,900 Active 28 DOM
3. 2026-06-16
   days on market $44,900 Active 27 DOM
4. 2026-06-15
   days on market $44,900 Active 26 DOM
5. 2026-06-13
   days on market $44,900 Active 24 DOM
6. 2026-06-10
   days on market $44,900 Active 21 DOM
7. 2026-06-09
   days on market $44,900 Active 20 DOM
8. 2026-06-08
   days on market $44,900 Active 19 DOM
9. 2026-06-07
   days on market $44,900 Active 18 DOM
10. 2026-06-03
    days on market $44,900 Active 14 DOM
11. 2026-06-02
    days on market $44,900 Active 13 DOM
12. 2026-06-01
    days on market $44,900 Active 12 DOM
13. 2026-05-31
    days on market $44,900 Active 11 DOM
14. 2026-05-19
    listed $44,900 Active
15. 2026-04-10
    price $45,000
16. 2026-04-08
    price $54,000
17. 2026-02-27
    price $64,000

ⓘ 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: $456 · $38/mo
• Projected year-2 tax: $456 · $38/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: $13,626
• − Mortgage interest: −$2,515
• − Property taxes: −$456
• − Insurance: −$224
• − Repairs & maintenance: −$1,090
• − Management: −$1,090
• − Depreciation: −$1,306
• Taxable income: $6,944
• Est. tax owed @ 24.0%: −$1,667
• After-tax cash flow: $5,592/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

-29.8% since first listed

4 events — show timeline

• 2026-05-19 Listed $44,900 Greater Alabama MLS
• 2026-04-10 Price Changed $45,000 Greater Alabama MLS
• 2026-04-08 Price Changed $54,000 Greater Alabama MLS
• 2026-02-27 Price Changed $64,000 Greater Alabama MLS

Property tax history

+11.2%/yr

Latest (2025): $456 · -1.3% YoY. Source: county tax records.