5021 41st Way N · Birmingham, AL 35217

$100,000

2 bd · 1.0 ba · 1,088 sqft · SingleFamily public records · 34 Days on market

Built 1957 0.25 ac lot Est $73k · 37% over

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Why this score? — see what drove the D+ 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 +22.4/30.0
• DSCR +7.2/10.0
• 1% rule +5.6/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Completely renovated from top to bottom, this beautifully updated 2-bedroom, 1-bath home is move-in ready and full of charm. No detail was overlooked in this full renovation, offering buyers the perfect blend of modern updates and comfortable living. Features include updated flooring, fresh paint, renovated kitchen and bath, upgraded fixtures, and more. Whether you’re a first-time homebuyer, downsizing, or looking for a great investment opportunity, this home is a must-see. Conveniently located in Birmingham with easy access to shopping, dining, and major interstates. Schedule your showing today!

Key facts

• Fresh paint
• Renovated kitchen
• Renovated bath

Tags

• RENOVATED KITCHEN
• RENOVATED BATH
• UPDATED FLOORING
• FRESH PAINT
• UPGRADED FIXTURES
• EASY ACCESS TO SHOPPING

Property features AI

Finance

• Other: Parcel ID: 23-00-08-2-023-005.000
• Financial info: No investor/multifamily financial details provided
• HOA & community: No association fees; Garbage fee included

Exterior

• Parking: Driveway parking
• Security: No specific security features listed
• Utilities: Public water service; Connected sewer; Underground utilities; Internet availability unknown
• Home design: Existing single-family residence (per listing); No split, tri-level, or split-foyer layout indicated
• Construction: Vinyl siding exterior; Crawl space foundation
• Exterior features: Quarter-acre lot (0.25 acre); Not waterfront; No pool, patio, deck, or garden/patio listed; Not in a flood plain; No notable lot view

Interior

• Kitchen: Kitchen with stone countertops
• Bedrooms: Two bedrooms on the main level
• Flooring: Hardwood laminate flooring; Tile flooring
• Bathrooms: One full bathroom (tub/shower combo)
• Heating & cooling: Gas heating; Central air conditioning
• Interior features: Stone kitchen countertops; Pull-down attic; One wood-burning fireplace in the living room with stone surround; Ceilings noted as 'Other (See Remarks)'; No additional built-in interior features listed
• Laundry & utility: Main-level laundry area; Washer hookup provided; Electric dryer hookup; Water heater is electric

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $166 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $97k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.3% 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; 39 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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 31% 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 $691 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $39k; list at $100k implies a 156% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — 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 $97,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 34 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 1957 — 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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.06% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.13%
• DSCR: 1.32
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $72,896
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4208 50th Ave N	0.06mi	3/1.0 (+1)	1,104 (+2%)	7mo	$67,500	$61	84
725 Fulton Ave	0.35mi	3/1.0 (+1)	1,110 (+2%)	5mo	$80,050	$72	71
4300 Pulaski St	0.47mi	2/1.0	1,045 (-4%)	1mo	$45,000	$43	70
817 Jackson Blvd	0.34mi	3/1.0 (+1)	1,025 (-6%)	1mo	$114,429	$112	68
621 Bell Ave	0.42mi	3/1.0 (+1)	1,008 (-7%)	1mo	$68,000	$67	62
1045 Waverly St	0.37mi	3/1.0 (+1)	1,014 (-7%)	9mo	$65,000	$64	59
4338 49th Ct	0.25mi	3/1.0 (+1)	1,205 (+11%)	10mo	$87,500	$73	57
4021 43rd Ave N	0.64mi	2/1.0	1,150 (+6%)	10mo	$18,000	$16	53
4232 42nd St N	0.62mi	3/2.0 (+1)	1,092 (+0%)	11mo	$126,000	$115	52
4125 43rd Ave N	0.62mi	2/1.0	981 (-10%)	4mo	$28,000	$29	51
4421 43rd St N	0.53mi	3/1.0 (+1)	1,200 (+10%)	4mo	$42,000	$35	49
1021 Green St	0.70mi	2/1.0	1,015 (-7%)	11mo	$75,000	$74	47

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: -4.7%
• Equity multiple: 0.82×
• Total profit: $-4,976
• Equity at exit: $14,910

10-year hold

• IRR: 5.6%
• Equity multiple: 1.43×
• Total profit: $11,919
• Equity at exit: $8,646

Cash invested: $28,000 (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: 7.9×

Monthly cashflow live

• Estimated rent: $1,060 high
• Mortgage (P&I): −$524
• Tax from tax record: −$105 /mo · $1,262/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $166

Break-even live

Break-even rent $850

Max offer price $100,000

Occupancy floor 79%

Sensitivity live

Price	-10% $223	-5% $195	+0% $166	+5% $138	+10% $110
Rent	-10% $83	-5% $125	+0% $166	+5% $208	+10% $250
Rate	-1.0pp $217	-0.5pp $192	base $166	+0.5pp $141	+1.0pp $114

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 39 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	44d	1	0.04mi
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	0.07mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	44d	1	0.14mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	19d	1	0.25mi
1237 Elm Ave Birmingham, AL	2.0	1.5	1312	$1,150	$0.88	44d	1	0.27mi
4925 43rd Way N Birmingham, AL	3.0	2.0	1232	$1,461	$1.19	2d	1	0.28mi
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	44d	1	0.34mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	3d	1	0.36mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	44d	1	0.36mi
1045 Waverly St Birmingham, AL	3.0	1.0	1014	$1,000	$0.99	44d	1	0.37mi
4329 Pulaski St Birmingham, AL	3.0	2.0	1240	$1,353	$1.09	24d	1	0.42mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	44d	1	0.43mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	44d	1	0.45mi
4344 Pulaski St Birmingham, AL	3.0	1.0	1268	$1,050	$0.83	44d	1	0.46mi
1249 Waverly St Birmingham, AL	3.0	1.0	1260	$1,000	$0.79	44d	1	0.46mi
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	3d	1	0.46mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	44d	1	0.49mi
4301 Greenwood St Birmingham, AL	3.0	1.0	1140	$1,025	$0.90	3d	1	0.49mi
1439 Sloan Ave Birmingham, AL	3.0	1.0	936	$900	$0.96	44d	1	0.54mi
1415 Virginia St Birmingham, AL	2.0	1.0	781	$650	$0.83	44d	1	0.56mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	19d	1	0.57mi
1137 Sloan Ave Birmingham, AL	2.0	1.0	750	$750	$1.00	15d	1	0.57mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	44d	1	0.59mi
1076 Green St Birmingham, AL	3.0	1.0	1172	$1,050	$0.90	16d	1	0.60mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	3d	1	0.62mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	15d	1	0.66mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	44d	1	0.66mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	44d	1	0.70mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	24d	1	0.70mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	44d	1	0.74mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	44d	1	0.76mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	0.76mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	44d	1	0.80mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	19d	1	0.85mi
1731 Mountain Dr Birmingham, AL	3.0	1.0	1160	$975	$0.84	44d	1	0.86mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	24d	1	0.89mi
1816 Damon Cir Birmingham, AL	3.0	1.0	1401	$1,153	$0.82	16d	1	0.92mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	44d	1	1.05mi
1508 Saint Joseph St Birmingham, AL	3.0	1.0	1200	$995	$0.83	15d	1	1.19mi

Listing history 17 events

1. 2026-06-18
   days on market $100,000 Active 34 DOM
2. 2026-06-17
   days on market $100,000 Active 33 DOM
3. 2026-06-16
   days on market $100,000 Active 32 DOM
4. 2026-06-15
   days on market $100,000 Active 31 DOM
5. 2026-06-13
   days on market $100,000 Active 29 DOM
6. 2026-06-10
   days on market $100,000 Active 26 DOM
7. 2026-06-09
   days on market $100,000 Active 25 DOM
8. 2026-06-08
   days on market $100,000 Active 24 DOM
9. 2026-06-07
   days on market $100,000 Active 23 DOM
10. 2026-06-03
    days on market $100,000 Active 19 DOM
11. 2026-06-02
    days on market $100,000 Active 18 DOM
12. 2026-06-01
    days on market $100,000 Active 17 DOM
13. 2026-05-31
    days on market $100,000 Active 16 DOM
14. 2026-05-15
    listed $100,000 Active
15. 2025-11-19
    price $35,000
16. 2025-08-21
    price $49,000
17. 1995-03-17
    soldstatus $39,000

ⓘ 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: $1,262 · $105/mo
• Projected year-2 tax: $1,262 · $105/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 4/10 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: $12,724
• − Mortgage interest: −$5,602
• − Property taxes: −$1,262
• − Insurance: −$500
• − Repairs & maintenance: −$1,018
• − Management: −$1,018
• − Depreciation: −$2,909
• Taxable income: $416
• Est. tax owed @ 24.0%: −$100
• After-tax cash flow: $1,898/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

+156.4% since first listed

4 events — show timeline

• 2026-05-15 Listed $100,000 Greater Alabama MLS
• 2025-11-19 Price Changed $35,000 Greater Alabama MLS
• 2025-08-21 Price Changed $49,000 Greater Alabama MLS
• 1995-03-17 Sold (Public Records) $39,000 Public Records

Property tax history

+6.3%/yr

Latest (2025): $1,262 · +0.0% YoY. Source: county tax records.