1331 43rd St · Birmingham, AL 35208

$68,999

3 bd · 1.0 ba · 1,303 sqft · SingleFamily public records · 25 Days on market

Built 1940 6,969 sqft lot $53/sqft · 19% below area Est $85k · 19% 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 +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BACK ON THE MARKET! "EQUAL HOUSING Opportunity" - HUD Owned Property Sold AS-IS - #011-597207 Here is a 3- bedroom 1 bath property priced to sell. This property is Listed as Uninsured.

Key facts

• Ample counter space
• Main living area
• 1 story home

Tags

• 1 STORY HOME
• MAIN LIVING AREA
• FIREPLACE
• NATURAL LIGHT
• AMPLE CABINET SPACE
• AMPLE COUNTER SPACE

Property features AI

Finance

• Other: Lot size approximately 0.16 acres; Parcel ID: 29-00-07-2-019-005.000; Flood plain: no; Historic register: no; Subdivision: Belview Heights
• Financial info: Has down payment assistance

Exterior

• Parking: Off-street parking
• Utilities: Public water; Electric water heater; Internet service availability unknown
• Home design: Existing (previously built) home; Siding: vinyl; Crawl space foundation
• Construction: Vinyl siding construction
• Exterior features: Front porch; No pool, patio, deck, or garden/patio listed; Not waterfront

Interior

• Kitchen: Refrigerator; Electric stove; Laminate countertops
• Bedrooms: Three bedrooms on the main level
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Vinyl floors; Brick wood-burning fireplace in the living room; Laminate kitchen countertops; No attic; Ceilings: other (see remarks); No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $68k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.9% 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 fast (+7.2%/yr); 122 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); 45% 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 ($39k/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 $477 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 + 7.2% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($68k) 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.

Risks & watch-outs

• Watch-outs: built in 1940 — 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 $67,964 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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 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?
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: 1.68% ✓
• Cap rate: 13.85%
• Cash-on-cash: 26.99%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

• ARV (median comp): $85,378
• List price: $68,999
• Delta: -19.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1205 41st Street Ensley	0.20mi	3/1.0	1,204 (-8%)	2mo	$125,000	$104	76
1515 35th St	0.34mi	3/1.5	1,205 (-8%)	1mo	$80,000	$66	69
821 46th St	0.56mi	3/1.0	1,254 (-4%)	0mo	$116,000	$93	67
1836 Bessemer Rd	0.51mi	3/1.0	1,258 (-4%)	4mo	$55,000	$44	67
1508 W 51st St	0.54mi	3/1.5	1,264 (-3%)	2mo	$30,000	$24	66
1112 47th St	0.26mi	2/1.0 (-1)	1,166 (-10%)	5mo	$83,000	$71	61
1607 43rd St	0.32mi	3/2.0	1,435 (+10%)	5mo	$85,000	$59	60
3300 Avenue Q	0.58mi	2/1.0 (-1)	1,227 (-6%)	0mo	$35,000	$29	58
4637 Avenue R	0.54mi	2/1.0 (-1)	1,378 (+6%)	3mo	$28,500	$21	58
1031 40th St	0.43mi	3/1.0	1,130 (-13%)	1mo	$76,000	$67	57
1037 W 51st St	0.57mi	3/2.0	1,392 (+7%)	3mo	$174,000	$125	55
3105 Avenue J	0.73mi	4/2.0 (+1)	1,434 (+10%)	3mo	$175,000	$122	38

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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 25.7%
• Equity multiple: 2.12×
• Total profit: $21,674
• Equity at exit: $10,288

10-year hold

• IRR: 35.9%
• Equity multiple: 5.02×
• Total profit: $77,688
• Equity at exit: $5,966

Cash invested: $19,320 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,159 high
• Mortgage (P&I): −$362
• Tax from tax record: −$91 /mo · $1,086/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $435

Break-even live

Break-even rent $609

Max offer price $68,999

Occupancy floor 58%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.16mi
1410 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1200	$1,000	$0.83	43d	1	0.18mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	3d	1	0.19mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.21mi
1112 47th St W Birmingham, AL	2.0	1.0	1166	$975	$0.84	43d	1	0.24mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.25mi
1429 Warrior Rd Birmingham, AL	3.0	1.0	1036	$850	$0.82	16d	1	0.26mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	43d	1	0.26mi
1420 Warrior Rd Birmingham, AL	3.0	1.0	1061	$1,050	$0.99	43d	1	0.28mi
4716 Court M Birmingham, AL	4.0	1.0	932	$1,200	$1.29	43d	1	0.29mi
1520 41st Street Ensley Birmingham, AL	3.0	2.0	1068	$1,195	$1.12	43d	1	0.29mi
1540 42nd Street Ensley Unit ENSLEY Birmingham, AL	2.0	1.0	899	$1,037	$1.15	43d	1	0.30mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	0.31mi
1604 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1100	$1,200	$1.09	23d	1	0.32mi
1306 35th Street Ensley Birmingham, AL	3.0	2.0	1100	$1,173	$1.07	3d	1	0.32mi
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.34mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	1d	1	0.35mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	16d	1	0.36mi
1417 34th Street Ensley Birmingham, AL	3.0	1.0	1103	$1,025	$0.93	43d	1	0.37mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	3d	1	0.46mi
1528 34th Street Ensley Birmingham, AL	3.0	2.0	972	$1,073	$1.10	43d	1	0.46mi
1556 Burgin Ave Birmingham, AL	4.0	1.0	1168	$1,100	$0.94	19d	1	0.47mi
1556 Burgin Ave Birmingham, AL	3.0	1.0	1168	$1,100	$0.94	21d	1	0.47mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	3d	1	0.47mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	3d	1	0.47mi
4619 Terrace Q Birmingham, AL	3.0	2.0	1198	$900	$0.75	43d	1	0.49mi
1301 32nd Street Ensley Birmingham, AL	3.0	1.0	1200	$975	$0.81	43d	1	0.51mi
1606 49th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1136	$1,100	$0.97	43d	1	0.51mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	43d	1	0.51mi
1520 33rd Street Ensley Birmingham, AL	4.0	2.0	1215	$1,275	$1.05	11d	1	0.52mi
1524 33rd Street Ensley Birmingham, AL	4.0	2.0	1222	$1,095	$0.90	21d	1	0.52mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	10d	1	0.57mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	43d	1	0.58mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	2d	1	0.60mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.61mi
4724 Court R Birmingham, AL	2.0	1.0	1016	$895	$0.88	14d	1	0.65mi
1757 48th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1164	$1,295	$1.11	2d	1	0.66mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	43d	1	0.66mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	43d	1	0.69mi
829 51st Street Ensley Birmingham, AL	3.0	1.0	1203	$1,340	$1.11	3d	1	0.70mi

Listing history 17 events

1. 2026-06-18
   price $68,999 Active 25 DOM
2. 2026-06-18
   days on market $71,500 Active 25 DOM
3. 2026-06-17
   days on market $71,500 Active 24 DOM
4. 2026-06-16
   days on market $71,500 Active 23 DOM
5. 2026-06-15
   days on market $71,500 Active 22 DOM
6. 2026-06-13
   statusdays on market $71,500 Active 20 DOM
7. 2026-06-01
   status $71,500 Pending 18 DOM
8. 2026-05-31
   days on market $71,500 Active 18 DOM
9. 2026-05-13
   listed $71,500 Active 526-char remark
10. 2022-07-20
    price $895
11. 2022-07-15
    price $895
12. 2021-05-18
    soldstatus $7,237,964
13. 2013-09-24
    soldstatus $16,150 194-char remark

    Show marketing remark (194 chars)

    BACK ON THE MARKET! "EQUAL HOUSING Opportunity" - HUD Owned Property Sold AS-IS - #011-597207 Here is a 3- bedroom 1 bath property priced to sell. This property is Listed as Uninsured.

14. 2013-03-29
    listed $16,000 194-char remark

    Show marketing remark (194 chars)

    BACK ON THE MARKET! "EQUAL HOUSING Opportunity" - HUD Owned Property Sold AS-IS - #011-597207 Here is a 3- bedroom 1 bath property priced to sell. This property is Listed as Uninsured.

15. 2008-08-29
    soldstatus $77,500
16. 2005-07-12
    soldstatus $76,000
17. 1988-01-01
    soldstatus $27,500

ⓘ 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: $1,086 · $91/mo
• Projected year-2 tax: $1,086 · $91/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 6/10 Major 7 d/yr ≥107°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: $13,909
• − Mortgage interest: −$3,865
• − Property taxes: −$1,086
• − Insurance: −$345
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$2,007
• Taxable income: $4,380
• Est. tax owed @ 24.0%: −$1,051
• After-tax cash flow: $4,164/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): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+160.0% since first listed

11 events — show timeline

• 2026-06-11 Relisted — Greater Alabama MLS
• 2026-05-31 Pending — Greater Alabama MLS
• 2026-05-13 Listed $71,500 Greater Alabama MLS
• 2022-07-20 Price Changed $895 RENT.
• 2022-07-15 Price Changed $895 RENT.
• 2021-05-18 Sold (Public Records) $7,237,964 Public Records
• 2013-09-24 Sold (MLS) $16,150 Greater Alabama MLS
• 2013-03-29 Listed $16,000 Greater Alabama MLS
• 2008-08-29 Sold (Public Records) $77,500 Public Records
• 2005-07-12 Sold (Public Records) $76,000 Public Records
• 1988-01-01 Sold (Public Records) $27,500 Public Records

Property tax history

+7.5%/yr

Latest (2025): $1,086 · +0.0% YoY. Source: county tax records.