4201 Pulaski St · Birmingham, AL 35217

$69,900

3 bd · 2.0 ba · 1,152 sqft · SingleFamily public records · 79 Days on market

Built 1978 6,969 sqft lot $61/sqft · 16% above area Est $60k · 16% over

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Why this score? — see what drove the C+ 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
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.2/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this 3-bedroom home situated on a large lot at 4201 Pulaski. Offering plenty of space and potential, this property is ideal for buyers looking to customize or add value. The generous lot provides room for expansion, outdoor living, or additional improvements. A great option for investors or those seeking a project with upside. Receivership property being sold as-is.

Key facts

• Large lot
• Room for expansion
• Outdoor living

Tags

• LARGE LOT
• ROOM FOR EXPANSION
• OUTDOOR LIVING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.8% 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 rising (+3.6%/yr); 94 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; lower-income renter base — watch delinquency; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 34% of the median local income ($40k/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 $483 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 + 3.6% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $41k; list at $70k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 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 1978 — 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: 1.64% ✓
• Cap rate: 13.80%
• Cash-on-cash: 26.82%
• DSCR: 2.19
• GRM: 5.1

CMA / ARV

• ARV (median comp): $60,187
• List price: $69,900
• Delta: 16.14%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4125 40th Ave N	0.51mi	3/2.0	1,144 (-1%)	4mo	$67,000	$59	72
4300 Pulaski St	0.08mi	2/1.0 (-1)	1,045 (-9%)	1mo	$45,000	$43	71
3929 41st Ave N	0.33mi	2/1.0 (-1)	1,120 (-3%)	2mo	$52,000	$46	69
725 Fulton Ave	0.36mi	3/1.0	1,110 (-4%)	5mo	$80,050	$72	69
4421 43rd St N	0.42mi	3/1.0	1,200 (+4%)	4mo	$42,000	$35	66
4208 50th Ave N	0.43mi	3/1.0	1,104 (-4%)	7mo	$67,500	$61	63
621 Bell Ave	0.27mi	3/1.0	1,008 (-12%)	1mo	$68,000	$67	62
4316 Gadsden St	0.35mi	2/1.0 (-1)	1,048 (-9%)	5mo	$50,000	$48	56
817 Jackson Blvd	0.46mi	3/1.0	1,025 (-11%)	1mo	$114,429	$112	55
4125 43rd Ave N	0.29mi	2/1.0 (-1)	981 (-15%)	4mo	$28,000	$29	49
732 Fulton Ave	0.39mi	4/2.0 (+1)	1,320 (+15%)	4mo	$95,000	$72	49
1045 Waverly St	0.74mi	3/1.0	1,014 (-12%)	9mo	$65,000	$64	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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 1.88×
• Total profit: $17,212
• Equity at exit: $10,422

10-year hold

• IRR: 29.9%
• Equity multiple: 3.74×
• Total profit: $53,678
• Equity at exit: $6,044

Cash invested: $19,572 (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 35217

• Rents YoY: 3.6%
• Active inventory: 94
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,144 high
• Mortgage (P&I): −$367
• Tax from tax record: −$71 /mo · $847/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$240
• Net cashflow: $437

Break-even live

Break-even rent $590

Max offer price $69,900

Occupancy floor 57%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	43d	1	0.07mi
4301 Greenwood St Birmingham, AL	3.0	1.0	1140	$1,025	$0.90	2d	1	0.10mi
4329 Pulaski St Birmingham, AL	3.0	2.0	1240	$1,353	$1.09	23d	1	0.12mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	43d	1	0.13mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	3d	1	0.13mi
4344 Pulaski St Birmingham, AL	3.0	1.0	1268	$1,050	$0.83	43d	1	0.16mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	43d	1	0.18mi
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	3d	1	0.22mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.28mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	23d	1	0.28mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	43d	1	0.34mi
732 Fulton Ave Birmingham, AL	4.0	2.0	1320	$1,450	$1.10	43d	1	0.37mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	0.37mi
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	43d	1	0.38mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	43d	1	0.40mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	0.41mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	43d	1	0.45mi
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.46mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	43d	1	0.52mi
4925 43rd Way N Birmingham, AL	3.0	2.0	1232	$1,461	$1.19	1d	1	0.54mi
5025 43rd Pl N Birmingham, AL	4.0	2.0	1017	$1,300	$1.28	43d	1	0.56mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	43d	1	0.57mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	43d	1	0.58mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	14d	1	0.58mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	19d	1	0.60mi
1043 Jackson Blvd Birmingham, AL	4.0	2.0	1300	$1,095	$0.84	14d	1	0.62mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	19d	1	0.62mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	23d	1	0.64mi
1237 Elm Ave Birmingham, AL	2.0	1.5	1312	$1,150	$0.88	43d	1	0.67mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	43d	1	0.69mi
1045 Waverly St Birmingham, AL	3.0	1.0	1014	$1,000	$0.99	43d	1	0.72mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	43d	1	0.78mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	43d	1	0.79mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	43d	1	0.85mi
1249 Waverly St Birmingham, AL	3.0	1.0	1260	$1,000	$0.79	43d	1	0.87mi
1076 Green St Birmingham, AL	3.0	1.0	1172	$1,050	$0.90	16d	1	0.92mi
1439 Sloan Ave Birmingham, AL	3.0	1.0	936	$900	$0.96	43d	1	0.95mi
1137 Sloan Ave Birmingham, AL	2.0	1.0	750	$750	$1.00	14d	1	0.96mi
1415 Virginia St Birmingham, AL	2.0	1.0	781	$650	$0.83	43d	1	0.98mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	19d	1	0.98mi

Listing history 21 events

1. 2026-06-18
   days on market $69,900 Active 79 DOM
2. 2026-06-17
   days on market $69,900 Active 78 DOM
3. 2026-06-16
   days on market $69,900 Active 77 DOM
4. 2026-06-15
   days on market $69,900 Active 76 DOM
5. 2026-06-13
   days on market $69,900 Active 74 DOM
6. 2026-06-10
   days on market $69,900 Active 71 DOM
7. 2026-06-09
   days on market $69,900 Active 70 DOM
8. 2026-06-08
   days on market $69,900 Active 69 DOM
9. 2026-06-07
   days on market $69,900 Active 68 DOM
10. 2026-06-03
    days on market $69,900 Active 64 DOM
11. 2026-06-02
    days on market $69,900 Active 63 DOM
12. 2026-06-01
    days on market $69,900 Active 62 DOM
13. 2026-05-31
    days on market $69,900 Active 61 DOM
14. 2026-03-30
    listed $69,900 Active 392-char remark

    Show marketing remark (392 chars)

    Opportunity awaits with this 3-bedroom home situated on a large lot at 4201 Pulaski. Offering plenty of space and potential, this property is ideal for buyers looking to customize or add value. The generous lot provides room for expansion, outdoor living, or additional improvements. A great option for investors or those seeking a project with upside. Receivership property being sold as-is.

15. 2026-02-03
    price $69,900
16. 2019-05-20
    soldstatus $41,000 Sold
17. 2019-05-09
    historical Contingent
18. 2019-04-19
    listed $42,000 Active
19. 2013-10-29
    soldstatus $14,900
20. 2013-08-30
    listed $19,900
21. 1982-11-08
    soldstatus $40,000

ⓘ 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: $847 · $71/mo
• Projected year-2 tax: $847 · $71/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 3/10 Moderate
• 🌡 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 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,727
• − Mortgage interest: −$3,915
• − Property taxes: −$847
• − Insurance: −$350
• − Repairs & maintenance: −$1,098
• − Management: −$1,098
• − Depreciation: −$2,033
• Taxable income: $4,385
• Est. tax owed @ 24.0%: −$1,052
• After-tax cash flow: $4,197/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): 12,240
• Household income: $40,486
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 594.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 57% White 27% Hispanic / Latino 14% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 3% Italian 1%
• Foreign-born: 7% · Canada, Guatemala
• Languages at home: 86% English-only · Spanish 13%

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: ▼ -74.54%
• Current HPI: 117.416
• Rent YoY: ▲ 3.58%
• 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

+74.8% since first listed

8 events — show timeline

• 2026-03-30 Listed $69,900 Greater Alabama MLS
• 2026-02-03 Price Changed $69,900 Greater Alabama MLS
• 2019-05-20 Sold (MLS) $41,000 Greater Alabama MLS
• 2019-05-09 Contingent — Greater Alabama MLS
• 2019-04-19 Listed $42,000 Greater Alabama MLS
• 2013-10-29 Sold (MLS) $14,900 Greater Alabama MLS
• 2013-08-30 Listed $19,900 Greater Alabama MLS
• 1982-11-08 Sold (Public Records) $40,000 Public Records

Property tax history

-1.2%/yr

Latest (2025): $847 · +0.0% YoY. Source: county tax records.