6721 Grasselli Rd · Fairfield, AL 35064

$79,900

3 bd · 1.0 ba · 1,057 sqft · SingleFamily public records · 233 Days on market

Built 1950 8,712 sqft lot $76/sqft · 8% below area Est $86k · 8% 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 +10.9/15.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• 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 MLS

Great investment opportunity! This 3-bedroom, 1.5-bath home has been freshly updated with new paint and flooring throughout. Features include a spacious kitchen, formal living and dining areas, and a laundry room. Conveniently located near the expressway, schools, and shopping — ideal for attracting long-term tenants. Sold As Is, ready to add to your portfolio

Key facts

• Near schools
• Near shopping
• Laundry room

Tags

• SPACIOUS KITCHEN
• FORMAL LIVING AND DINING AREAS
• LAUNDRY ROOM
• NEAR SCHOOLS
• NEAR SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $377 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.

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+, schools F, amenities 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.
• Market conditions: 52 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $552 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 + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 233 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 14y ago; this cycle's ask is 7164% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $32k; list at $80k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 233 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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 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?
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: 1.46% ✓
• Cap rate: 11.96%
• Cash-on-cash: 20.24%
• DSCR: 1.90
• GRM: 5.7

CMA / ARV

• ARV (median comp): $86,458
• List price: $79,900
• Delta: -7.59%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
565 Seminole Cir	0.30mi	3/2.0	1,008 (-5%)	16mo	$91,700	$91	61
109 60th St	0.69mi	2/2.0 (-1)	1,148 (+9%)	4mo	$86,850	$76	41

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: 12.5%
• Equity multiple: 1.50×
• Total profit: $11,102
• Equity at exit: $11,913

10-year hold

• IRR: 21.4%
• Equity multiple: 2.82×
• Total profit: $40,665
• Equity at exit: $6,908

Cash invested: $22,372 (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: 5.7×

Monthly cashflow live

• Estimated rent: $1,164 high
• Mortgage (P&I): −$419
• Tax from tax record: −$90 /mo · $1,076/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $377

Break-even live

Break-even rent $686

Max offer price $79,900

Occupancy floor 63%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6629 Grasselli Rd Fairfield, AL	4.0	1.0	1114	$1,295	$1.16	43d	1	0.08mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	2d	1	0.28mi
125 Jerry Coleman St Fairfield, AL	2.0	1.0	715	$725	$1.01	43d	1	0.56mi
109 59th St Fairfield, AL	4.0	1.0	1344	$1,200	$0.89	11d	1	0.72mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	2d	1	0.74mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	11d	1	0.74mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	2d	1	0.74mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	10d	1	0.74mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	10d	1	0.74mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	10d	1	0.74mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	10d	1	0.74mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	10d	1	0.74mi
209 58th St Fairfield, AL	3.0	2.0	1468	$1,200	$0.82	43d	1	0.81mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	43d	1	0.84mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	43d	1	0.84mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	1d	1	0.97mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	15d	1	0.99mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	1d	1	1.00mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	23d	1	1.03mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	43d	1	1.08mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	23d	1	1.10mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	43d	1	1.11mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	43d	1	1.13mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	43d	1	1.15mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	23d	1	1.16mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	43d	1	1.16mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	15d	1	1.17mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	2d	1	1.18mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	23d	1	1.18mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	43d	1	1.22mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	43d	1	1.23mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	43d	1	1.23mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	23d	1	1.24mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	43d	1	1.26mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	11d	1	1.29mi
1721 Collier Dr Birmingham, AL	2.0	1.0	925	$800	$0.86	43d	1	1.29mi
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	21d	1	1.32mi
5709 Court H Birmingham, AL	4.0	1.5	1455	$1,400	$0.96	1d	1	1.32mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	23d	1	1.36mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	1.36mi

Listing history 22 events

1. 2026-06-18
   days on market $79,900 Active 233 DOM
2. 2026-06-17
   days on market $79,900 Active 232 DOM
3. 2026-06-16
   days on market $79,900 Active 231 DOM
4. 2026-06-15
   days on market $79,900 Active 230 DOM
5. 2026-06-13
   days on market $79,900 Active 228 DOM
6. 2026-06-10
   days on market $79,900 Active 225 DOM
7. 2026-06-09
   days on market $79,900 Active 224 DOM
8. 2026-06-08
   days on market $79,900 Active 223 DOM
9. 2026-06-07
   days on market $79,900 Active 222 DOM
10. 2026-06-03
    days on market $79,900 Active 218 DOM
11. 2026-06-02
    days on market $79,900 Active 217 DOM
12. 2026-06-01
    days on market $79,900 Active 216 DOM
13. 2026-05-31
    days on market $79,900 Active 215 DOM
14. 2026-04-17
    price $79,900 368-char remark

    Show marketing remark (368 chars)

    Great investment opportunity! This 3-bedroom, 1.5-bath home has been freshly updated with new paint and flooring throughout. Features include a spacious kitchen, formal living and dining areas, and a laundry room. Conveniently located near the expressway, schools, and shopping — ideal for attracting long-term tenants. Sold As Is, ready to add to your portfolio

15. 2026-02-20
    price $84,900 368-char remark

    Show marketing remark (368 chars)

    Great investment opportunity! This 3-bedroom, 1.5-bath home has been freshly updated with new paint and flooring throughout. Features include a spacious kitchen, formal living and dining areas, and a laundry room. Conveniently located near the expressway, schools, and shopping — ideal for attracting long-term tenants. Sold As Is, ready to add to your portfolio

16. 2025-11-01
    listed $1,100
17. 2025-10-28
    listed $89,900 Active 368-char remark

    Show marketing remark (368 chars)

    Great investment opportunity! This 3-bedroom, 1.5-bath home has been freshly updated with new paint and flooring throughout. Features include a spacious kitchen, formal living and dining areas, and a laundry room. Conveniently located near the expressway, schools, and shopping — ideal for attracting long-term tenants. Sold As Is, ready to add to your portfolio

18. 2024-08-30
    soldstatus $32,000 Sold 525-char remark

    Show marketing remark (525 chars)

    Looking to add to your portfolio? This 3-bedroom 2 bath home is an Excellent opportunity for established investors or someone just starting a portfolio. Has been a very consistent rental income property. Low property taxes great for investment cash flow. Rents in the area range from $1000 - $1200. Needs some TLC but otherwise a solid property. Roof 2018, ALL Electric home Permitted and complete update to electrical system in whole house 2018, Central heat and air added 2012. Home sold As Is with stove and refrigerator.

19. 2024-08-05
    status Pending 525-char remark

    Show marketing remark (525 chars)

    Looking to add to your portfolio? This 3-bedroom 2 bath home is an Excellent opportunity for established investors or someone just starting a portfolio. Has been a very consistent rental income property. Low property taxes great for investment cash flow. Rents in the area range from $1000 - $1200. Needs some TLC but otherwise a solid property. Roof 2018, ALL Electric home Permitted and complete update to electrical system in whole house 2018, Central heat and air added 2012. Home sold As Is with stove and refrigerator.

20. 2024-07-12
    listed $49,900 Active 525-char remark

    Show marketing remark (525 chars)

    Looking to add to your portfolio? This 3-bedroom 2 bath home is an Excellent opportunity for established investors or someone just starting a portfolio. Has been a very consistent rental income property. Low property taxes great for investment cash flow. Rents in the area range from $1000 - $1200. Needs some TLC but otherwise a solid property. Roof 2018, ALL Electric home Permitted and complete update to electrical system in whole house 2018, Central heat and air added 2012. Home sold As Is with stove and refrigerator.

21. 2012-06-11
    soldstatus $7,000
22. 2012-02-21
    listed $9,900

ⓘ 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: $1,076 · $90/mo
• Projected year-2 tax: $1,076 · $90/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: $13,965
• − Mortgage interest: −$4,476
• − Property taxes: −$1,076
• − Insurance: −$400
• − Repairs & maintenance: −$1,117
• − Management: −$1,117
• − Depreciation: −$2,324
• Taxable income: $3,455
• Est. tax owed @ 24.0%: −$829
• After-tax cash flow: $3,700/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

+707.1% since first listed

9 events — show timeline

• 2026-04-17 Price Changed $79,900 Greater Alabama MLS
• 2026-02-20 Price Changed $84,900 Greater Alabama MLS
• 2025-11-01 Listed for Rent $1,100 TENANTTURNER2
• 2025-10-28 Listed $89,900 Greater Alabama MLS
• 2024-08-30 Sold (MLS) $32,000 Greater Alabama MLS
• 2024-08-05 Pending — Greater Alabama MLS
• 2024-07-12 Listed $49,900 Greater Alabama MLS
• 2012-06-11 Sold (MLS) $7,000 Greater Alabama MLS
• 2012-02-21 Listed $9,900 Greater Alabama MLS

Property tax history

+1.7%/yr

Latest (2025): $1,076 · +0.0% YoY. Source: county tax records.