1001 3rd Ave · Pleasant Grove, AL 35127

$165,000

2 bd · 2.0 ba · 1,244 sqft · SingleFamily public records · 42 Days on market

Built 1910 0.43 ac lot $133/sqft · 8% above area Est $187k · 12% under

---

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 +15.1/30.0
• ARV discount +12.8/15.0
• DSCR +4.6/10.0
• 1% rule +3.7/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Terrific investment property, 3/2, large living room, separate dining room, open floor plan. Level backyard, perfect for cooking out.

Key facts

• 0.43 acre lot
• Built 1910
• Listed 42 days

Property features AI

Finance

• Other: Property access via paved, public road; Approximately 0.43 acre lot; Flood plain: no
• HOA & community: No association fees

Exterior

• Parking: On-street parking
• Utilities: Public water; Septic sewer; Electric water heater; Internet service available
• Home design: Existing (previously built) property; 1 side brick and wood siding construction
• Construction: Crawl space foundation
• Exterior features: Front porch; No pool; No patio or deck; Not waterfront; Lot view: none

Interior

• Kitchen: Electric cooktop; Electric oven; Refrigerator
• Bedrooms: Three bedrooms on the main level
• Flooring: Hardwood laminate flooring; Tile flooring
• Bathrooms: Two full bathrooms total; Baths feature tub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Stone kitchen countertops; Window treatments remain; Attic present (other); Ceilings: other (see remarks); No additional interior features listed
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $55 ($656/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $143k (13.1% below list).
• Recommended offer: $143k (13.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#211 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Pleasant Grove Elementary School (math 2% / reading 28%, grade F, #505 of 627 statewide, top 81%, 616 students, 54% FRL); Pleasant Grove High School (math 0% / reading 18%, grade F, #260 of 305 statewide, top 85%, 729 students, 57% FRL).
• Market conditions: 56 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $5k 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 42 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 6 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.
• Current owner paid $75k; list at $165k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,402 (13.1% below list)

Questions for the listing agent

1. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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. 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?
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: 0.87% ✗
• Cap rate: 6.69%
• Cash-on-cash: 1.42%
• DSCR: 1.06
• GRM: 9.6

CMA / ARV

• ARV (median comp): $187,106
• List price: $165,000
• Delta: -11.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
324 10th Way	0.10mi	3/2.0 (+1)	1,150 (-8%)	4mo	$160,000	$139	74
912 2nd Ave	0.08mi	3/1.0 (+1)	1,288 (+4%)	9mo	$124,000	$96	74
209 Park Pl	0.39mi	3/2.0 (+1)	1,270 (+2%)	3mo	$192,000	$151	71
115 5th Way	0.61mi	3/1.5 (+1)	1,250 (+0%)	8mo	$125,000	$100	57
112 9th St	0.17mi	3/1.0 (+1)	1,302 (+5%)	24mo	$181,900	$140	56
168 Park Rd	0.52mi	2/1.0	1,120 (-10%)	20mo	$125,000	$112	38
1132 1st Ave	0.37mi	3/1.5 (+1)	1,375 (+10%)	24mo	$223,000	$162	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.1%
• Equity multiple: 0.50×
• Total profit: $-23,272
• Equity at exit: $24,602

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-15,848
• Equity at exit: $14,266

Cash invested: $46,200 (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 35127

• Home prices YoY: -32.6%
• Active inventory: 56
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,434 high
• Mortgage (P&I): −$865
• Tax from tax record: −$144 /mo · $1,730/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $55

Break-even live

Break-even rent $1,365

Max offer price $165,000

Occupancy floor 91%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
120 6th St Pleasant Grove, AL	3.0	2.0	1425	$1,375	$0.96	23d	1	0.59mi
1133 7th Ave Pleasant Grove, AL	3.0	2.0	1104	$1,250	$1.13	14d	1	0.73mi
1207 7th Ave Pleasant Grove, AL	3.0	1.0	1362	$1,601	$1.18	1d	1	0.77mi
713 10th Ln Pleasant Grove, AL	3.0	2.0	1400	$1,595	$1.14	43d	1	1.27mi
704 3rd St Pleasant Grove, AL	3.0	2.0	1194	$1,350	$1.13	21d	1	1.36mi

Listing history 35 events

1. 2026-06-18
   days on market $165,000 Active 42 DOM
2. 2026-06-17
   days on market $165,000 Active 41 DOM
3. 2026-06-16
   days on market $165,000 Active 40 DOM
4. 2026-06-15
   days on market $165,000 Active 39 DOM
5. 2026-06-13
   days on market $165,000 Active 37 DOM
6. 2026-06-10
   days on market $165,000 Active 34 DOM
7. 2026-06-09
   days on market $165,000 Active 33 DOM
8. 2026-06-08
   days on market $165,000 Active 32 DOM
9. 2026-06-07
   days on market $165,000 Active 31 DOM
10. 2026-06-03
    days on market $165,000 Active 27 DOM
11. 2026-06-02
    days on market $165,000 Active 26 DOM
12. 2026-06-01
    days on market $165,000 Active 25 DOM
13. 2026-05-31
    days on market $165,000 Active 24 DOM
14. 2026-05-07
    listed $165,000 Active 173-char remark
15. 2025-11-13
    historical $1,195
16. 2025-10-16
    price $1,195
17. 2025-07-19
    listed $1,295
18. 2024-01-22
    historical $1,125
19. 2024-01-20
    listed $1,125
20. 2024-01-20
    historical $1,125
21. 2024-01-11
    price $1,125
22. 2023-12-30
    listed $1,133
23. 2020-01-23
    soldstatus $75,000
24. 2020-01-20
    soldstatus $34,500 Sold 133-char remark

    Show marketing remark (133 chars)

    Terrific investment property, 3/2, large living room, separate dining room, open floor plan. Level backyard, perfect for cooking out.

25. 2019-12-24
    status Pending 133-char remark

    Show marketing remark (133 chars)

    Terrific investment property, 3/2, large living room, separate dining room, open floor plan. Level backyard, perfect for cooking out.

26. 2019-12-19
    historical Contingent 133-char remark

    Show marketing remark (133 chars)

    Terrific investment property, 3/2, large living room, separate dining room, open floor plan. Level backyard, perfect for cooking out.

27. 2019-12-13
    listed $34,500 Active 133-char remark

    Show marketing remark (133 chars)

    Terrific investment property, 3/2, large living room, separate dining room, open floor plan. Level backyard, perfect for cooking out.

28. 2019-12-12
    soldstatus $114,000
29. 2018-08-20
    soldstatus $32,969,600
30. 2014-05-28
    soldstatus $45,000
31. 2014-05-23
    soldstatus $45,000

    Show marketing remark (53 chars)

    This house is occupied but can be show without notice

32. 2013-04-17
    listed $56,700

    Show marketing remark (53 chars)

    This house is occupied but can be show without notice

33. 2007-08-15
    soldstatus $27,500
34. 2005-10-26
    soldstatus $90,000
35. 1998-08-12
    soldstatus $47,500

ⓘ 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: $1,730 · $144/mo
• Projected year-2 tax: $1,730 · $144/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 ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,208
• − Mortgage interest: −$9,243
• − Property taxes: −$1,730
• − Insurance: −$825
• − Repairs & maintenance: −$1,377
• − Management: −$1,377
• − Depreciation: −$4,800
• Taxable loss: −$2,143
• Est. tax savings @ 24.0%: +$514
• After-tax cash flow: $1,170/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Pleasant Grove

• Score: 62/100
• State rank: #211
• US rank: #16232

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment C+ Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pleasant Grove, AL
• County: Jefferson County · 527,445 people
• City population: 9,442
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 9,442
• Household income: $70,317
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 198.0

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 (68%)
• Race & ethnicity: Black 68% White 29% Two or more races 1% Hispanic / Latino 1%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% 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: ▼ -98.05%
• Current HPI: 202.2294
• 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

+247.4% since first listed

22 events — show timeline

• 2026-05-07 Listed $165,000 Greater Alabama MLS
• 2025-11-13 Rental Removed $1,195 GALMLS
• 2025-10-16 Price Changed $1,195 GALMLS
• 2025-07-19 Listed for Rent $1,295 GALMLS
• 2024-01-22 Rental Removed $1,125 BUILDIUM
• 2024-01-20 Listed for Rent $1,125 BUILDIUM
• 2024-01-20 Rental Removed $1,125 GALMLS
• 2024-01-11 Price Changed $1,125 GALMLS
• 2023-12-30 Listed for Rent $1,133 GALMLS
• 2020-01-23 Sold (Public Records) $75,000 Public Records
• 2020-01-20 Sold (MLS) $34,500 Greater Alabama MLS
• 2019-12-24 Pending — Greater Alabama MLS
• 2019-12-19 Contingent — Greater Alabama MLS
• 2019-12-13 Listed $34,500 Greater Alabama MLS
• 2019-12-12 Sold (Public Records) $114,000 Public Records
• 2018-08-20 Sold (Public Records) $32,969,600 Public Records
• 2014-05-28 Sold (Public Records) $45,000 Public Records
• 2014-05-23 Sold (MLS) $45,000 Greater Alabama MLS
• 2013-04-17 Listed $56,700 Greater Alabama MLS
• 2007-08-15 Sold (Public Records) $27,500 Public Records
• 2005-10-26 Sold (Public Records) $90,000 Public Records
• 1998-08-12 Sold (Public Records) $47,500 Public Records

Property tax history

+10.7%/yr

Latest (2025): $1,730 · +6.9% YoY. Source: county tax records.