1036 Linthicum St · Tarrant, AL 35217

$75,000

3 bd · 1.0 ba · 2,064 sqft · SingleFamily public records · 57 Days on market

Built 1925 0.34 ac lot $36/sqft · 42% below area Est $130k · 42% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.4/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great 4 bedroom, 2 full bath investment property. Maintenance free vinyl siding. Very large den and dining room. There is an unfinished basement that is plumbed for additional full bath.

Key facts

• Unfinished basement
• 0.34 acre lot
• Built 1925

Tags

• MAINTENANCE FREE VINYL SIDING
• UNFINISHED BASEMENT

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 $451 ($5k/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: $73k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 11.0% in Tarrant — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 51/100 on livability (#507 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, schools F, amenities F.
• Tarrant City (suburban): math 4% / reading 17% proficiency, ranked #121 of 129 in AL (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 89% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.6%/yr); 94 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 36% 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 $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 + 3.6% 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 57 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 8y 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 $34k; list at $75k implies a 121% gain — meaningful room to come down on a strong offer.

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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,750 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.61% ✓
• Cap rate: 13.50%
• Cash-on-cash: 25.75%
• DSCR: 2.15
• GRM: 5.2

CMA / ARV

• ARV (median comp): $129,841
• List price: $75,000
• Delta: -42.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1925 Etowah St	0.55mi	3/2.0	1,968 (-5%)	9mo	$95,000	$48	55
1408 Elizabeth Ave	0.67mi	4/1.0 (+1)	2,048 (-1%)	22mo	$60,000	$29	44
2309 Etowah St	0.72mi	3/2.0	1,860 (-10%)	23mo	$140,000	$75	27

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: 20.0%
• Equity multiple: 1.82×
• Total profit: $17,268
• Equity at exit: $11,183

10-year hold

• IRR: 28.7%
• Equity multiple: 3.62×
• Total profit: $54,984
• 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 35217

• Rents YoY: 3.6%
• Active inventory: 94
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,210 high
• Mortgage (P&I): −$393
• Tax from tax record: −$81 /mo · $971/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $451

Break-even live

Break-even rent $640

Max offer price $75,000

Occupancy floor 58%

Sensitivity live

Price	-10% $493	-5% $472	+0% $451	+5% $429	+10% $408
Rent	-10% $355	-5% $403	+0% $451	+5% $498	+10% $546
Rate	-1.0pp $488	-0.5pp $470	base $451	+0.5pp $431	+1.0pp $411

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 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1434 Thomason Ave Birmingham, AL	4.0	2.0	1644	$1,100	$0.67	44d	1	0.43mi
1816 Damon Cir Birmingham, AL	3.0	1.0	1401	$1,153	$0.82	16d	1	0.61mi
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	0.63mi
1224 Sloan Ave Birmingham, AL	3.0	2.0	2164	$1,200	$0.55	4d	1	0.64mi
4221 50th Ave N Birmingham, AL	4.0	2.0	2984	$1,200	$0.40	12d	1	0.65mi
4212 50th Ave N Birmingham, AL	4.0	2.0	1517	$1,595	$1.05	2d	1	0.67mi
1225 Elizabeth Ave Birmingham, AL	3.0	1.5	1697	$1,100	$0.65	19d	1	0.69mi
1236 Elm Ave Birmingham, AL	3.0	1.0	1888	$950	$0.50	44d	1	0.71mi
4418 43rd St N Birmingham, AL	3.0	1.0	1710	$925	$0.54	24d	1	0.78mi
1108 Hall St Birmingham, AL	2.0	1.0	1680	$850	$0.51	44d	1	0.92mi
4029 44th Ave N Unit 1 Birmingham, AL	4.0	2.0	2768	$1,300	$0.47	44d	1	1.03mi
619 Bell Ave Birmingham, AL	3.0	1.0	1550	$1,075	$0.69	44d	1	1.11mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	1.27mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	24d	1	1.27mi
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	44d	1	1.38mi

Listing history 8 events

1. 2026-03-31
   listed $75,000 Active 186-char remark

   Show marketing remark (186 chars)

   Great 4 bedroom, 2 full bath investment property. Maintenance free vinyl siding. Very large den and dining room. There is an unfinished basement that is plumbed for additional full bath.

2. 2020-10-22
   soldstatus $34,000
3. 2020-10-20
   soldstatus $34,000 Sold 220-char remark

   Show marketing remark (220 chars)

   Great 4 bedroom, 2 full bath investment property. Maintenance free vinyl siding. Very large den and dining room. There is an unfinished basement that is plumbed for additional full bath. Current tenant pays $800 monthly.

4. 2020-10-09
   status Pending 220-char remark

   Show marketing remark (220 chars)

   Great 4 bedroom, 2 full bath investment property. Maintenance free vinyl siding. Very large den and dining room. There is an unfinished basement that is plumbed for additional full bath. Current tenant pays $800 monthly.

5. 2020-09-21
   listed $50,000 Active 220-char remark

   Show marketing remark (220 chars)

   Great 4 bedroom, 2 full bath investment property. Maintenance free vinyl siding. Very large den and dining room. There is an unfinished basement that is plumbed for additional full bath. Current tenant pays $800 monthly.

6. 2018-07-02
   soldstatus $30,500 Sold
7. 2018-05-10
   price $37,000
8. 2018-05-09
   listed $36,000 Active

ⓘ 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: $971 · $81/mo
• Projected year-2 tax: $971 · $81/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 · 17 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: $14,523
• − Mortgage interest: −$4,201
• − Property taxes: −$971
• − Insurance: −$375
• − Repairs & maintenance: −$1,162
• − Management: −$1,162
• − Depreciation: −$2,182
• Taxable income: $4,470
• Est. tax owed @ 24.0%: −$1,073
• After-tax cash flow: $4,335/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: Tarrant City
• NCES district ID: 0103270
• Math proficiency: 4% ▼ -14.00%
• Reading proficiency: 17% ▼ -2.00%
• Median HH income: $29,256
• Composite: 8.0/100
• National rank: #9924
• State rank: #121 of 129 in AL

Livability — Tarrant

• Score: 51/100
• State rank: #507
• US rank: #25136

Category grades

Amenities F Commute F Cost of living A+ Crime C- Employment F Housing A+ Health & safety F User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarrant, AL
• County: Jefferson County · 527,445 people
• City population: 12,240
• 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

+108.3% since first listed

8 events — show timeline

• 2026-03-31 Listed $75,000 Greater Alabama MLS
• 2020-10-22 Sold (Public Records) $34,000 Public Records
• 2020-10-20 Sold (MLS) $34,000 Greater Alabama MLS
• 2020-10-09 Pending — Greater Alabama MLS
• 2020-09-21 Listed $50,000 Greater Alabama MLS
• 2018-07-02 Sold (MLS) $30,500 Greater Alabama MLS
• 2018-05-10 Price Changed $37,000 Greater Alabama MLS
• 2018-05-09 Listed $36,000 Greater Alabama MLS

Property tax history

+2.3%/yr

Latest (2025): $971 · +0.0% YoY. Source: county tax records.