2841 42nd Ave N · Birmingham, AL 35207

$89,900

3 bd · 2.0 ba · 1,160 sqft · SingleFamily public records · 97 Days on market

Built 1999 6,969 sqft lot $78/sqft · 152% above area

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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 +27.2/30.0
• Appreciation +10.0/10.0
• DSCR +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

2841 42nd Ave N in Birmingham, Alabama is a one-story residential home featuring 3 bedrooms and 2 full bathrooms with approximately 1,160 square feet of living space. Located in a quiet North Birmingham neighborhood, the property sits on a modest lot and offers convenient access to nearby major roads, making travel to other parts of Birmingham simple. The surrounding area includes established homes, local parks, and everyday amenities, providing a comfortable neighborhood setting while still being close to shopping, schools, and services

Key facts

• 6,969 sq ft lot
• Built 1999
• Listed 97 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $256 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $82k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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: 42 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% 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

• In year one you build about $10k of equity ($622 loan paydown + $9k appreciation (10.0% local appreciation)).
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 14y ago; this cycle's ask has dropped $20k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $81,809 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
7. 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.
8. 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: 1.24% ✓
• Cap rate: 9.72%
• Cash-on-cash: 12.23%
• DSCR: 1.54
• GRM: 6.7

CMA / ARV

• ARV (median comp): $35,676
• List price: $89,900
• Delta: 151.99%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4200 29th St N	0.04mi	3/1.5	1,159 (-0%)	12mo	$30,000	$26	86
2912 41st Ave N	0.13mi	3/1.0	1,036 (-11%)	5mo	$35,000	$34	68
2808 38th Ave N	0.48mi	3/2.0	1,176 (+1%)	11mo	$20,000	$17	66
4005 N 28th Pl	0.33mi	2/2.0 (-1)	1,227 (+6%)	24mo	$72,000	$59	50
3429 31st Pl	0.65mi	2/2.0 (-1)	1,120 (-3%)	19mo	$30,000	$27	43
4941 Cheek Rd	0.69mi	3/1.0	1,284 (+11%)	13mo	$14,500	$11	35
5001 Lewisburg Rd	0.66mi	3/2.0	1,002 (-14%)	24mo	$130,000	$130	27
3426 31st Pl N	0.64mi	3/1.0	1,008 (-13%)	23mo	$8,500	$8	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.3%
• Equity multiple: 3.59×
• Total profit: $65,314
• Equity at exit: $80,989

10-year hold

• IRR: 28.7%
• Equity multiple: 8.13×
• Total profit: $179,528
• Equity at exit: $174,656

Cash invested: $25,172 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 42
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,112 high
• Mortgage (P&I): −$471
• Tax from tax record: −$113 /mo · $1,353/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$233
• Net cashflow: $256

Break-even live

Break-even rent $787

Max offer price $89,900

Occupancy floor 72%

Sensitivity live

Price	-10% $307	-5% $282	+0% $256	+5% $231	+10% $206
Rent	-10% $169	-5% $213	+0% $256	+5% $300	+10% $344
Rate	-1.0pp $302	-0.5pp $279	base $256	+0.5pp $233	+1.0pp $209

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	44d	1	0.69mi
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	4d	1	0.92mi
3376 34th St N Birmingham, AL	3.0	1.0	928	$1,200	$1.29	12d	1	0.95mi
3376 34th St N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	24d	1	0.95mi
3376 34th Ave N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	3d	1	1.11mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	24d	1	1.14mi
2015 36th Ave N Birmingham, AL	3.0	1.0	1468	$1,190	$0.81	24d	1	1.21mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	44d	1	1.25mi
2129 30th Ave N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	44d	1	1.31mi
1709 36th Ave N Birmingham, AL	3.0	1.0	970	$1,350	$1.39	44d	1	1.44mi
1721 35th Ave N Birmingham, AL	2.0	1.0	1184	$875	$0.74	44d	1	1.46mi

Listing history 26 events

1. 2026-06-18
   days on market $89,900 Active 97 DOM
2. 2026-06-17
   days on market $89,900 Active 96 DOM
3. 2026-06-16
   days on market $89,900 Active 95 DOM
4. 2026-06-15
   days on market $89,900 Active 94 DOM
5. 2026-06-13
   pricedays on market $89,900 Active 92 DOM
6. 2026-06-10
   days on market $94,900 Active 89 DOM
7. 2026-06-09
   days on market $94,900 Active 88 DOM
8. 2026-06-08
   days on market $94,900 Active 87 DOM
9. 2026-06-07
   days on market $94,900 Active 86 DOM
10. 2026-06-03
    days on market $94,900 Active 82 DOM
11. 2026-06-02
    days on market $94,900 Active 81 DOM
12. 2026-06-01
    days on market $94,900 Active 80 DOM
13. 2026-05-31
    days on market $94,900 Active 79 DOM
14. 2026-05-15
    price $99,900 543-char remark

    Show marketing remark (543 chars)

    2841 42nd Ave N in Birmingham, Alabama is a one-story residential home featuring 3 bedrooms and 2 full bathrooms with approximately 1,160 square feet of living space. Located in a quiet North Birmingham neighborhood, the property sits on a modest lot and offers convenient access to nearby major roads, making travel to other parts of Birmingham simple. The surrounding area includes established homes, local parks, and everyday amenities, providing a comfortable neighborhood setting while still being close to shopping, schools, and services

15. 2026-03-13
    listed $109,900 Active 543-char remark

    Show marketing remark (543 chars)

    2841 42nd Ave N in Birmingham, Alabama is a one-story residential home featuring 3 bedrooms and 2 full bathrooms with approximately 1,160 square feet of living space. Located in a quiet North Birmingham neighborhood, the property sits on a modest lot and offers convenient access to nearby major roads, making travel to other parts of Birmingham simple. The surrounding area includes established homes, local parks, and everyday amenities, providing a comfortable neighborhood setting while still being close to shopping, schools, and services

16. 2024-03-11
    soldstatus $404,410,000
17. 2017-01-13
    soldstatus $641,500
18. 2017-01-13
    soldstatus $5,001,000
19. 2016-04-21
    historical 354-char remark

    Show marketing remark (354 chars)

    !!!HUGE PRICE REDUCTION!!! 3 YEAR WARRANTY ON NEW ROOF!!! DON'T MISS OUT, COME SEE IT TODAY!!!! NEWLY RENOVATED, MOVE RIGHT IN! HOME IS ROOMIER THAN SQUARE FOOTAGE INDICATES. QUIET AREA, CLOSE TO DOWNTOWN BUT AWAY FROM ALL THE NOISE. BRAND NEW * * ROOF * * , CARPETS, PAINT, AC UNIT TO BE INSTALLED, FRESH LOOKING AND READY FOR YOU TO CALL IT HOME!

20. 2016-04-08
    soldstatus $52,000
21. 2016-04-07
    soldstatus $52,000 Sold 354-char remark

    Show marketing remark (354 chars)

    !!!HUGE PRICE REDUCTION!!! 3 YEAR WARRANTY ON NEW ROOF!!! DON'T MISS OUT, COME SEE IT TODAY!!!! NEWLY RENOVATED, MOVE RIGHT IN! HOME IS ROOMIER THAN SQUARE FOOTAGE INDICATES. QUIET AREA, CLOSE TO DOWNTOWN BUT AWAY FROM ALL THE NOISE. BRAND NEW * * ROOF * * , CARPETS, PAINT, AC UNIT TO BE INSTALLED, FRESH LOOKING AND READY FOR YOU TO CALL IT HOME!

22. 2016-01-27
    price $64,900 354-char remark

    Show marketing remark (354 chars)

    !!!HUGE PRICE REDUCTION!!! 3 YEAR WARRANTY ON NEW ROOF!!! DON'T MISS OUT, COME SEE IT TODAY!!!! NEWLY RENOVATED, MOVE RIGHT IN! HOME IS ROOMIER THAN SQUARE FOOTAGE INDICATES. QUIET AREA, CLOSE TO DOWNTOWN BUT AWAY FROM ALL THE NOISE. BRAND NEW * * ROOF * * , CARPETS, PAINT, AC UNIT TO BE INSTALLED, FRESH LOOKING AND READY FOR YOU TO CALL IT HOME!

23. 2016-01-07
    listed $78,900 Active 354-char remark

    Show marketing remark (354 chars)

    !!!HUGE PRICE REDUCTION!!! 3 YEAR WARRANTY ON NEW ROOF!!! DON'T MISS OUT, COME SEE IT TODAY!!!! NEWLY RENOVATED, MOVE RIGHT IN! HOME IS ROOMIER THAN SQUARE FOOTAGE INDICATES. QUIET AREA, CLOSE TO DOWNTOWN BUT AWAY FROM ALL THE NOISE. BRAND NEW * * ROOF * * , CARPETS, PAINT, AC UNIT TO BE INSTALLED, FRESH LOOKING AND READY FOR YOU TO CALL IT HOME!

24. 2013-03-29
    soldstatus $10,200
25. 2012-08-28
    listed $10,000
26. 2006-07-10
    soldstatus $75,000

ⓘ 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: $1,353 · $113/mo
• Projected year-2 tax: $1,353 · $113/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 3/10 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: $13,339
• − Mortgage interest: −$5,036
• − Property taxes: −$1,353
• − Insurance: −$450
• − Repairs & maintenance: −$1,067
• − Management: −$1,067
• − Depreciation: −$2,615
• Taxable income: $1,751
• Est. tax owed @ 24.0%: −$420
• After-tax cash flow: $2,658/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
• City population: 210,422
• Population (ZIP): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 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: ▲ 35.95%
• Current HPI: 228.5664
• Rent YoY: —
• Metro: —
• 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

+33.2% since first listed

13 events — show timeline

• 2026-05-15 Price Changed $99,900 Greater Alabama MLS
• 2026-03-13 Listed $109,900 Greater Alabama MLS
• 2024-03-11 Sold (Public Records) $404,410,000 Public Records
• 2017-01-13 Sold (Public Records) $5,001,000 Public Records
• 2017-01-13 Sold (Public Records) $641,500 Public Records
• 2016-04-21 Delisted — Greater Alabama MLS
• 2016-04-08 Sold (Public Records) $52,000 Public Records
• 2016-04-07 Sold (MLS) $52,000 Greater Alabama MLS
• 2016-01-27 Price Changed $64,900 Greater Alabama MLS
• 2016-01-07 Listed $78,900 Greater Alabama MLS
• 2013-03-29 Sold (MLS) $10,200 Greater Alabama MLS
• 2012-08-28 Listed $10,000 Greater Alabama MLS
• 2006-07-10 Sold (Public Records) $75,000 Public Records

Property tax history

+2.3%/yr

Latest (2025): $1,353 · +123.4% YoY. Source: county tax records.