3008 Tall Tree Ln · Forestdale, AL 35005

$80,080

3 bd · 2.0 ba · 1,624 sqft · SingleFamily public records · 26 Days on market

Built 1970 0.36 ac lot $49/sqft · 60% below area ↓ 10% since listing

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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 +9.1/10.0
• ARV discount +7.5/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.1/10.0

Listing remarks

Welcome to 3008 Tall Tree Lane, a 3-bedroom, 2-bath home in Adamsville offering a great opportunity to make it your own. Situated on a quiet street, this home features a spacious layout with plenty of natural light throughout. The living areas provide a comfortable setting for everyday living, while the kitchen offers a solid starting point for your personal updates and design touches. Each bedroom is generously sized, and the two full bathrooms add convenience and functionality. The surrounding neighborhood is established and peaceful, with easy access to local amenities, schools, and major routes for commuting. Whether you're looking for your next home or an investment with strong potenti

Key facts

• 0.36 acre lot
• Built 1970
• Listed 26 days

Property features AI

Finance

• Other: Subdivision: Eastdale
• Financial info: Property qualifies for down payment assistance

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Electric water heater; Internet service availability unknown
• Home design: One-story main living level with split foyer; One-side brick construction; Existing (previously built) structure
• Construction: Concrete block basement; Basement foundation
• Exterior features: No pool, patio, decks, or garden/patio indicated; Not waterfront; Lot area approximately 0.36 acres

Interior

• Kitchen: Laminate countertops
• Bedrooms: Two first-floor bedrooms
• Flooring: Carpet
• Bathrooms: Two full bathrooms; Tub/shower combos
• Heating & cooling: Central heating; Central cooling
• Interior features: Split foyer entry; Finished and unfinished basement (concrete block foundation); No attic; Ceilings: see remarks; No additional interior features listed
• Laundry & utility: Laundry in basement; Washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $318 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $79k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 6.5% in Forestdale — 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 58/100 on livability (#367 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, commute 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: Adamsville Elementary School (math 2% / reading 17%, grade F, #568 of 627 statewide, top 94%, 302 students, 83% FRL); Minor High School (math 4% / reading 8%, grade F, #275 of 305 statewide, top 90%, 915 students, 84% FRL) — zoned schools average 83% FRL vs 49% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 20% district-wide (-13 pts) — the specific schools serving this property underperform the Jefferson County average; the district grade overstates school quality for this exact location.
• Market conditions: 59 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 40% 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 $554 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 + 3.0% rent growth), your $22k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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

• 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 $78,878 (1.5% below list)

Questions for the listing agent

1. Built in 1970 — 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 D-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. 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.
5. 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.
6. 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: 1.41% ✓
• Cap rate: 11.06%
• Cash-on-cash: 17.03%
• DSCR: 1.76
• GRM: 5.9

CMA / ARV

• ARV (median comp): $199,551
• List price: $80,080
• Delta: -59.87%
• 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
103 Woodland Dr	0.33mi	3/1.5	1,638 (+1%)	2mo	$189,900	$116	79
2904 Crestlane Dr	0.15mi	3/2.0	1,759 (+8%)	3mo	$200,000	$114	77
902 Hillcrest Rd	0.36mi	3/2.0	1,643 (+1%)	13mo	$156,000	$95	70
3031 Summit Ridge Dr	0.33mi	3/2.0	1,508 (-7%)	6mo	$175,000	$116	67
704 Hillcrest Rd	0.27mi	3/2.0	1,733 (+7%)	12mo	$234,000	$135	67
128 Waverly Ave	0.70mi	4/2.0 (+1)	1,650 (+2%)	2mo	$101,100	$61	58
129 Baggett Hills Rd	0.22mi	3/2.0	1,424 (-12%)	17mo	$74,000	$52	55
204 Hilltop Dr	0.10mi	3/2.0	1,850 (+14%)	21mo	$183,000	$99	55
3701 Midway Rd	0.63mi	3/2.0	1,432 (-12%)	0mo	$259,900	$181	50
213 Blackmon Cir	0.35mi	3/2.0	1,414 (-13%)	15mo	$155,000	$110	50
201 Blackmon Cir	0.43mi	3/1.5	1,766 (+9%)	16mo	$160,000	$91	50
2707 Forestdale Blvd	0.51mi	3/2.0	1,454 (-10%)	16mo	$105,000	$72	45

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: 8.3%
• Equity multiple: 1.33×
• Total profit: $7,322
• Equity at exit: $11,940

10-year hold

• IRR: 17.6%
• Equity multiple: 2.45×
• Total profit: $32,590
• Equity at exit: $6,924

Cash invested: $22,422 (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 35005

• Home prices YoY: -3.9%
• Active inventory: 59
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,126 high
• Mortgage (P&I): −$420
• Tax from tax record: −$118 /mo · $1,411/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $318

Break-even live

Break-even rent $723

Max offer price $80,080

Occupancy floor 67%

Sensitivity live

Price	-10% $364	-5% $341	+0% $318	+5% $296	+10% $273
Rent	-10% $229	-5% $274	+0% $318	+5% $363	+10% $407
Rate	-1.0pp $359	-0.5pp $339	base $318	+0.5pp $298	+1.0pp $276

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: $20,020
• Closing costs: $2,402
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3716 Main St Adamsville, AL	2.0	1.0	1058	$896	$0.85	16d	1	0.55mi
4213 Kendall Ave Adamsville, AL	4.0	2.0	1250	$1,225	$0.98	3d	1	1.03mi
4400 Old Jasper Hwy Adamsville, AL	4.0	2.0	1200	$1,350	$1.12	3d	1	1.23mi
328 Cimmaron Dr Birmingham, AL	3.0	1.0	1472	$1,100	$0.75	44d	1	1.43mi
308 Cimmaron Dr Birmingham, AL	3.0	2.0	1479	$1,250	$0.85	44d	1	1.47mi

Listing history 12 events

1. 2026-06-18
   days on market $80,080 Active 26 DOM
2. 2026-06-17
   days on market $80,080 Active 25 DOM
3. 2026-06-16
   days on market $80,080 Active 24 DOM
4. 2026-06-15
   days on market $80,080 Active 23 DOM
5. 2026-06-13
   days on market $80,080 Active 21 DOM
6. 2026-06-10
   days on market $80,080 Active 18 DOM
7. 2026-06-09
   days on market $80,080 Active 17 DOM
8. 2026-06-08
   days on market $80,080 Active 16 DOM
9. 2026-06-07
   statusdays on market $80,080 Active 15 DOM
10. 2026-05-07
    status Pending 787-char remark
11. 2026-04-24
    listed $80,080 Active 787-char remark
12. 2001-08-22
    soldstatus $89,000

ⓘ 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: $1,411 · $118/mo
• Projected year-2 tax: $1,411 · $118/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 4/10 Moderate 4 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,506
• − Mortgage interest: −$4,486
• − Property taxes: −$1,411
• − Insurance: −$400
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$2,330
• Taxable income: $2,719
• Est. tax owed @ 24.0%: −$652
• After-tax cash flow: $3,167/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 — Forestdale

• Score: 58/100
• State rank: #367
• US rank: #21236

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Forestdale, AL
• City population: 17,027
• Population (ZIP): 8,143

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: Majority Black (60%)
• Race & ethnicity: Black 60% White 38% Asian 2%
• Common ancestry: Serbian 2% Lithuanian 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Other Indo-European 1% 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: ▼ -9.72%
• Current HPI: 237.5788
• 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

-10.0% since first listed

4 events — show timeline

• 2026-06-04 Relisted — Greater Alabama MLS
• 2026-05-07 Pending — Greater Alabama MLS
• 2026-04-24 Listed $80,080 Greater Alabama MLS
• 2001-08-22 Sold (Public Records) $89,000 Public Records

Property tax history

+15.7%/yr

Latest (2025): $1,411 · +0.0% YoY. Source: county tax records.