412 62nd St · Fairfield, AL 35064

$35,000

2 bd · 1.0 ba · 1,000 sqft · SingleFamily public records · 30 Days on market

Built 1960 6,534 sqft lot Est $41k · 15% 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 +14.1/15.0
• 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

This is an all brick home that sits in the heart of Fairfield, Al just a few blocks away from Miles College. it's minutes away from everything in Fairfield . The home is being sold "as is, " and is perfect for investors looking to get into the Fairfield real estate market.

Key facts

• 6,534 sq ft lot
• Built 1960
• Listed 30 days

Property features AI

Finance

• Other: Lot size about 0.15 acre; Subdivision: Fairfield Village
• Financial info: Quarterly garbage fee applies
• HOA & community: No association fee

Exterior

• Parking: On-street parking; Unassigned parking
• Utilities: Public water; Connected sewer; Internet service availability unknown; Electric water heater
• Home design: Existing single-family home; One-level living (all main-level rooms listed)
• Construction: Four-sided brick exterior; Brick over foundation; Crawl space foundation
• Exterior features: Front porch; No pool; No patio, deck, or garden view

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Additional bedroom on main level
• Flooring: Hardwood
• Bathrooms: One full bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; Hardwood floors; Approximately 1,000 finished square feet (per tax report)
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $532 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.
• Cap rate 24.5% 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 $242 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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 $34,475 (1.5% below list)

Questions for the listing agent

1. Built in 1960 — 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: 2.90% ✓
• Cap rate: 24.53%
• Cash-on-cash: 65.11%
• DSCR: 3.90
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $41,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 62nd St	0.19mi	3/1.0 (+1)	1,008 (+1%)	7mo	$47,500	$47	79
712 61st St	0.25mi	2/1.0	1,008 (+1%)	14mo	$3,000	$3	75
500 Jerry Coleman St	0.11mi	3/1.0 (+1)	1,092 (+9%)	12mo	$37,000	$34	64
5704 Myron Massey Blvd	0.37mi	2/1.0	894 (-11%)	5mo	$35,000	$39	61
721 51st St	0.62mi	2/1.0	962 (-4%)	7mo	$67,000	$70	59
5314 Belrosa Ter	0.54mi	2/1.0	1,078 (+8%)	6mo	$25,000	$23	56
109 60th St	0.28mi	2/2.0	1,148 (+15%)	4mo	$86,850	$76	54
4944 Court G	0.59mi	2/1.0	869 (-13%)	1mo	$21,000	$24	50
565 Seminole Cir	0.69mi	3/2.0 (+1)	1,008 (+1%)	16mo	$91,700	$91	44
5219 Court G	0.56mi	3/1.0 (+1)	1,140 (+14%)	4mo	$47,000	$41	42
5520 Avenue J	0.70mi	2/1.0	916 (-8%)	21mo	$48,000	$52	36
5303 Acadia Ter	0.58mi	3/1.0 (+1)	1,146 (+15%)	10mo	$11,000	$10	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: 64.3%
• Equity multiple: 3.88×
• Total profit: $28,230
• Equity at exit: $5,219

10-year hold

• IRR: 68.7%
• Equity multiple: 7.97×
• Total profit: $68,328
• Equity at exit: $3,026

Cash invested: $9,800 (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: 2.9×

Monthly cashflow live

• Estimated rent: $1,016 high
• Mortgage (P&I): −$184
• Tax from tax record: −$73 /mo · $870/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $532

Break-even live

Break-even rent $343

Max offer price $35,000

Occupancy floor 43%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	43d	1	0.06mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	43d	1	0.16mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	23d	1	0.22mi
125 Jerry Coleman St Fairfield, AL	2.0	1.0	715	$725	$1.01	43d	1	0.25mi
209 58th St Fairfield, AL	3.0	2.0	1468	$1,200	$0.82	43d	1	0.28mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	43d	1	0.43mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	11d	1	0.48mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	2d	1	0.51mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	23d	1	0.56mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	43d	1	0.68mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	3d	1	0.68mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	43d	1	0.69mi
1045 57th St Birmingham, AL	1.0	1.0	700	$775	$1.11	43d	1	0.77mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	43d	1	0.79mi
518 Oak Pl Fairfield, AL	3.0	1.0	1236	$875	$0.71	19d	1	0.80mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	43d	1	0.84mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	23d	1	0.85mi
5001 Farrell Ave Fairfield, AL	2.0	1.0	1218	$995	$0.82	43d	1	0.87mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	10d	1	0.90mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	0.94mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	2d	1	0.96mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	43d	1	0.98mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	15d	1	1.01mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	43d	1	1.02mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	43d	1	1.02mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	1.06mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	1.07mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	15d	1	1.08mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	43d	1	1.09mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	43d	1	1.11mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	43d	1	1.12mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	43d	1	1.12mi
728 41st St Fairfield, AL	3.0	1.0	1316	$1,100	$0.84	43d	1	1.13mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	43d	1	1.14mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	3d	1	1.16mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	1.20mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	43d	1	1.21mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	43d	1	1.23mi
5725 Avenue O Unit O Birmingham, AL	3.0	1.0	957	$1,073	$1.12	23d	1	1.24mi
5717 Avenue O Unit O Birmingham, AL	3.0	2.0	1029	$1,250	$1.21	43d	1	1.24mi

Listing history 15 events

1. 2026-06-18
   days on market $35,000 Active 30 DOM
2. 2026-06-17
   days on market $35,000 Active 29 DOM
3. 2026-06-16
   days on market $35,000 Active 28 DOM
4. 2026-06-15
   days on market $35,000 Active 27 DOM
5. 2026-06-13
   days on market $35,000 Active 25 DOM
6. 2026-06-10
   days on market $35,000 Active 22 DOM
7. 2026-06-09
   days on market $35,000 Active 21 DOM
8. 2026-06-08
   days on market $35,000 Active 20 DOM
9. 2026-06-07
   days on market $35,000 Active 19 DOM
10. 2026-06-03
    days on market $35,000 Active 15 DOM
11. 2026-06-02
    days on market $35,000 Active 14 DOM
12. 2026-06-01
    days on market $35,000 Active 13 DOM
13. 2026-05-31
    days on market $35,000 Active 12 DOM
14. 2026-05-11
    listed $35,000 Active
15. 1990-04-23
    soldstatus $25,000

ⓘ 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: $870 · $73/mo
• Projected year-2 tax: $870 · $73/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: $12,189
• − Mortgage interest: −$1,961
• − Property taxes: −$870
• − Insurance: −$175
• − Repairs & maintenance: −$975
• − Management: −$975
• − Depreciation: −$1,018
• Taxable income: $6,214
• Est. tax owed @ 24.0%: −$1,491
• After-tax cash flow: $4,890/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

+40.0% since first listed

2 events — show timeline

• 2026-05-11 Listed $35,000 Greater Alabama MLS
• 1990-04-23 Sold (Public Records) $25,000 Public Records

Property tax history

+2.4%/yr

Latest (2025): $870 · -1.5% YoY. Source: county tax records.