408 Crest Dr · Fairfield, AL 35064

$84,900

3 bd · 1.0 ba · 1,689 sqft · SingleFamily public records · 21 Days on market

Built 1956 0.26 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• 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

Fully Rehabbed and Rented Property!

Key facts

• Spacious backyard
• Convenient carport
• 0.26 acre lot

Tags

• SPACIOUS BACKYARD
• CONVENIENT CARPORT
• FULL UNFINISHED BASEMENT
• WELL ESTABLISHED NEIGHBORHOOD

Property features AI

Finance

• HOA & community: No association fee

Exterior

• Parking: Driveway and off-street parking; One carport space
• Utilities: Public water; Electric water heater; Internet availability unknown
• Home design: Existing property; Siding (other)
• Construction: Basement foundation; Concrete block basement
• Exterior features: No waterfront; No pool; No patio; No garden or deck; Paved road access

Interior

• Kitchen: Laminate countertops
• Bedrooms: Three bedrooms on main level
• Flooring: Hardwood and laminate floors
• Bathrooms: One full bathroom with tub/shower combo
• Heating & cooling: Central heating; Central cooling
• Interior features: Tri-level: No; Split level: No; Split foyer: No; Ceilings: see remarks; Basement: partial basement with both finished and unfinished areas, concrete block construction; Attic with pull-down access; Living area reported per tax report
• Laundry & utility: Laundry on main level; Washer hookup; Dryer hookups for electric and gas

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $368 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $84k (1.5% 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+, 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: Glen Oaks Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 324 students, 70% FRL).
• 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); 48% 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 $587 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y 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 1956 — 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 $83,626 (1.5% below list)

Questions for the listing agent

1. Built in 1956 — 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: 1.43% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.59%
• DSCR: 1.83
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $173,967
• Comps found: 8

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6828 Cherokee Dr	0.27mi	3/2.0	1,675 (-1%)	16mo	$108,000	$64	69
7317 Westmoreland Dr	0.48mi	3/2.0	1,703 (+1%)	13mo	$175,000	$103	61
909 Owen Ave	0.68mi	3/2.0	1,732 (+2%)	1mo	$199,900	$115	59
7121 Westmoreland Dr	0.47mi	3/2.0	1,647 (-2%)	20mo	$160,000	$97	54
209 Fair Oaks Dr	0.41mi	3/2.0	1,558 (-8%)	16mo	$174,400	$112	51
621 Beacon Dr	0.70mi	3/2.0	1,800 (+7%)	10mo	$96,900	$54	44
521 Fair Oaks Dr	0.29mi	3/2.0	1,442 (-15%)	19mo	$205,000	$142	42
719 Owen Ave	0.71mi	3/1.5	1,527 (-10%)	17mo	$105,000	$69	35

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: 10.4%
• Equity multiple: 1.41×
• Total profit: $9,724
• Equity at exit: $12,659

10-year hold

• IRR: 19.5%
• Equity multiple: 2.63×
• Total profit: $38,759
• Equity at exit: $7,341

Cash invested: $23,772 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,213 high
• Mortgage (P&I): −$445
• Tax from tax record: −$109 /mo · $1,311/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $368

Break-even live

Break-even rent $747

Max offer price $84,900

Occupancy floor 65%

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: $21,225
• Closing costs: $2,547
• 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	0.28mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	2d	1	0.52mi
733 Glen Ridge Dr Fairfield, AL	3.0	1.0	1225	$1,378	$1.12	1d	1	0.77mi
120 Parkwood St Birmingham, AL	3.0	1.5	1224	$1,150	$0.94	16d	1	0.78mi
800 Fairfax Dr Fairfield, AL	4.0	2.0	1200	$1,650	$1.38	1d	1	0.78mi
226 3rd Ave Birmingham, AL	4.0	2.0	1248	$1,300	$1.04	43d	1	0.84mi
222 4th Ave Birmingham, AL	3.0	1.0	1300	$1,050	$0.81	43d	1	0.89mi
923 Woodward Rd Birmingham, AL	3.0	1.0	1273	$1,200	$0.94	23d	1	0.90mi
925 Woodward Rd Birmingham, AL	2.0	2.0	1104	$950	$0.86	43d	1	0.90mi
502 64th St Fairfield, AL	3.0	1.0	1250	$695	$0.56	43d	1	0.93mi
109 59th St Fairfield, AL	4.0	1.0	1344	$1,200	$0.89	11d	1	0.93mi
435 62nd St Fairfield, AL	3.0	2.0	1249	$985	$0.79	43d	1	0.95mi
537 Grant St Birmingham, AL	3.0	1.0	1444	$1,200	$0.83	23d	1	0.99mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	23d	1	0.99mi
1412 Woodward Rd Birmingham, AL	3.0	1.0	1220	$1,203	$0.99	16d	1	1.01mi
209 58th St Fairfield, AL	3.0	2.0	1468	$1,200	$0.82	43d	1	1.02mi
5722 Terrace Ave Fairfield, AL	4.0	2.0	1548	$1,495	$0.97	43d	1	1.03mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	43d	1	1.06mi
373 Belcher Dr Birmingham, AL	4.0	1.0	1255	$1,100	$0.88	43d	1	1.06mi
704 61st St Fairfield, AL	3.0	1.0	1184	$1,050	$0.89	23d	1	1.13mi
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	21d	1	1.18mi
1441 Creel St Birmingham, AL	3.0	2.0	1319	$1,275	$0.97	3d	1	1.22mi
408 Midway St Birmingham, AL	3.0	1.0	1301	$1,075	$0.83	19d	1	1.23mi
616 Rutledge Dr Birmingham, AL	3.0	1.0	1416	$1,095	$0.77	21d	1	1.27mi
801 Rutledge Dr Birmingham, AL	4.0	2.0	1808	$1,600	$0.88	1d	1	1.27mi
328 54th St Unit B Fairfield, AL	2.0	1.0	1570	$750	$0.48	43d	1	1.35mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	43d	1	1.36mi
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	1d	1	1.36mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	2d	1	1.38mi
5709 Court H Birmingham, AL	4.0	1.5	1455	$1,400	$0.96	1d	1	1.41mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	43d	1	1.41mi
5624 Cairo Ave Birmingham, AL	4.0	2.0	1386	$1,200	$0.87	43d	1	1.41mi
5406 Court G Unit G Fairfield, AL	3.0	2.0	1449	$1,199	$0.83	11d	1	1.42mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	43d	1	1.43mi
304 52nd St Fairfield, AL	4.0	2.0	1355	$1,000	$0.74	43d	1	1.44mi
63 Wilkes Cir Birmingham, AL	4.0	1.0	1164	$1,200	$1.03	43d	1	1.47mi
63 Wilkes Cir Unit 1 Birmingham, AL	4.0	1.0	1164	$1,250	$1.07	43d	1	1.47mi
603 11th Ave Birmingham, AL	3.0	1.0	1289	$1,100	$0.85	43d	1	1.47mi
80 Wilkes Cir Birmingham, AL	4.0	2.0	1078	$1,200	$1.11	14d	1	1.49mi
5219 Court G Unit G Fairfield, AL	3.0	1.0	1140	$950	$0.83	23d	1	1.49mi

Listing history 18 events

1. 2026-06-18
   days on market $84,900 Active 21 DOM
2. 2026-06-17
   days on market $84,900 Active 20 DOM
3. 2026-06-16
   days on market $84,900 Active 19 DOM
4. 2026-06-15
   days on market $84,900 Active 18 DOM
5. 2026-06-13
   days on market $84,900 Active 16 DOM
6. 2026-06-10
   days on market $84,900 Active 13 DOM
7. 2026-06-09
   days on market $84,900 Active 12 DOM
8. 2026-06-08
   days on market $84,900 Active 11 DOM
9. 2026-06-07
   days on market $84,900 Active 10 DOM
10. 2026-06-03
    days on market $84,900 Active 6 DOM
11. 2026-06-02
    days on market $84,900 Active 5 DOM
12. 2026-06-01
    days on market $84,900 Active 4 DOM
13. 2026-05-31
    days on market $84,900 Active 3 DOM
14. 2026-05-28
    listed $84,900 Active
15. 2022-02-02
    soldstatus $94,000
16. 2019-06-19
    soldstatus $79,999 35-char remark

    Show marketing remark (35 chars)

    Fully Rehabbed and Rented Property!

17. 2019-06-19
    listed $79,999 35-char remark

    Show marketing remark (35 chars)

    Fully Rehabbed and Rented Property!

18. 1981-01-01
    soldstatus $84,500

ⓘ 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: $1,311 · $109/mo
• Projected year-2 tax: $1,311 · $109/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 ≥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: $14,555
• − Mortgage interest: −$4,756
• − Property taxes: −$1,311
• − Insurance: −$424
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − Depreciation: −$2,470
• Taxable income: $3,265
• Est. tax owed @ 24.0%: −$784
• After-tax cash flow: $3,637/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

+0.5% since first listed

5 events — show timeline

• 2026-05-28 Listed $84,900 Greater Alabama MLS
• 2022-02-02 Sold (Public Records) $94,000 Public Records
• 2019-06-19 Listed $79,999 Greater Alabama MLS
• 2019-06-19 Sold (MLS) $79,999 Greater Alabama MLS
• 1981-01-01 Sold (Public Records) $84,500 Public Records

Property tax history

+12.0%/yr

Latest (2025): $1,311 · +0.0% YoY. Source: county tax records.