1377 Fulton Ave · Tarrant, AL 35217

$88,000

3 bd · 1.0 ba · 1,560 sqft · SingleFamily public records · 145 Days on market

Built 1925 7,405 sqft lot $56/sqft · 22% above area Est $72k · 22% over

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Why this score? — see what drove the C 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 +8.6/10.0
• Rent growth +3.4/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Investment Opportunity. Property was remodeled 24 months ago, with some cosmetic updates this property would make a great rental or flip. 3 bedrooms 1 bath, hardwood and lvp floors throughout. Off Street Parking, spacious yard and a covered porch give this home tons of potential. Sold As-Is, right redemption may apply.

Key facts

• Spacious yard
• Covered porch
• Remodeled

Tags

• REMODELED
• HARDWOOD FLOORS
• LVP FLOORS
• OFF STREET PARKING
• SPACIOUS YARD
• COVERED PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $88k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $88k).
• Recommended offer: $77k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 51/100 on livability (#507 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, amenities F, commute F.
• Tarrant City (suburban): math 4% / reading 17% proficiency, ranked #121 of 129 in AL (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 89% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Tarrant Intermediate School (math 4% / reading 18%, grade F, #560 of 627 statewide, top 90%, 402 students, 89% FRL); Tarrant High School (math 3% / reading 16%, grade F, #258 of 305 statewide, top 85%, 559 students, 84% FRL) — zoned schools at 87% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 94 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 48% 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 ($40k/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 $608 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 + 3.6% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 145 days — a 12% lower offer ($77k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 5y ago; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — 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 $77,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.36% ✓
• Cap rate: 11.85%
• Cash-on-cash: 19.84%
• DSCR: 1.88
• GRM: 6.1

CMA / ARV

• ARV (median comp): $72,348
• List price: $88,000
• Delta: 21.63%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1012 Birmingham St	0.43mi	3/2.0	1,572 (+1%)	3mo	$26,000	$17	72
4101 49th Ter N	0.34mi	3/1.0	1,547 (-1%)	14mo	$67,000	$43	71
636 Jefferson Blvd	0.55mi	3/1.0	1,505 (-4%)	0mo	$65,000	$43	68
1249 Park Ave	0.27mi	3/2.0	1,456 (-7%)	12mo	$108,000	$74	62
1140 Wharton Ave	0.51mi	3/2.0	1,568 (+0%)	12mo	$130,000	$83	62
717 Jackson Blvd	0.57mi	4/1.0 (+1)	1,604 (+3%)	8mo	$65,000	$41	57
1360 Prosch Ave	0.16mi	3/2.0	1,344 (-14%)	11mo	$84,000	$63	56
1225 Elizabeth Ave	0.64mi	3/1.0	1,697 (+9%)	1mo	$114,429	$67	55
4240 49th Ave	0.27mi	3/2.0	1,358 (-13%)	14mo	$149,000	$110	50
1104 Linthicum St	0.51mi	3/1.0	1,340 (-14%)	7mo	$56,000	$42	47
1433 Ford Ave	0.52mi	3/2.0	1,372 (-12%)	10mo	$90,000	$66	44
4409 41st Pl N	0.62mi	4/2.0 (+1)	1,793 (+15%)	2mo	$150,000	$84	36

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 · 3.58% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.50×
• Total profit: $12,369
• Equity at exit: $13,121

10-year hold

• IRR: 21.9%
• Equity multiple: 2.91×
• Total profit: $47,015
• Equity at exit: $7,609

Cash invested: $24,640 (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 35217

• Rents YoY: 3.6%
• Active inventory: 94
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,201 high
• Mortgage (P&I): −$461
• Tax from tax record: −$43 /mo · $517/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$252
• Net cashflow: $407

Break-even live

Break-even rent $685

Max offer price $88,000

Occupancy floor 61%

Sensitivity live

Price	-10% $457	-5% $432	+0% $407	+5% $382	+10% $358
Rent	-10% $313	-5% $360	+0% $407	+5% $455	+10% $502
Rate	-1.0pp $452	-0.5pp $430	base $407	+0.5pp $385	+1.0pp $361

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: $22,000
• Closing costs: $2,640
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5015 42nd Pl N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	45d	1	0.17mi
1237 Elm Ave Birmingham, AL	2.0	1.5	1312	$1,150	$0.88	45d	1	0.19mi
1236 Elm Ave Birmingham, AL	3.0	1.0	1888	$950	$0.50	45d	1	0.21mi
4212 50th Ave N Birmingham, AL	4.0	2.0	1517	$1,595	$1.05	3d	1	0.22mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	45d	1	0.23mi
1249 Waverly St Birmingham, AL	3.0	1.0	1260	$1,000	$0.79	45d	1	0.24mi
4925 43rd Way N Birmingham, AL	3.0	2.0	1232	$1,461	$1.19	3d	1	0.27mi
1434 Thomason Ave Birmingham, AL	4.0	2.0	1644	$1,100	$0.67	45d	1	0.28mi
1043 Jackson Blvd Birmingham, AL	4.0	2.0	1300	$1,095	$0.84	16d	1	0.34mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	20d	1	0.36mi
1224 Sloan Ave Birmingham, AL	3.0	2.0	2164	$1,200	$0.55	4d	1	0.37mi
1076 Green St Birmingham, AL	3.0	1.0	1172	$1,050	$0.90	17d	1	0.43mi
1108 Hall St Birmingham, AL	2.0	1.0	1680	$850	$0.51	45d	1	0.44mi
732 Fulton Ave Birmingham, AL	4.0	2.0	1320	$1,450	$1.10	45d	1	0.55mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	45d	1	0.58mi
4329 Harmon St Birmingham, AL	3.0	1.0	1227	$950	$0.77	4d	1	0.58mi
1225 Elizabeth Ave Birmingham, AL	3.0	1.5	1697	$1,100	$0.65	20d	1	0.60mi
4418 43rd St N Birmingham, AL	3.0	1.0	1710	$925	$0.54	25d	1	0.62mi
619 Bell Ave Birmingham, AL	3.0	1.0	1550	$1,075	$0.69	45d	1	0.64mi
4329 Pulaski St Birmingham, AL	3.0	2.0	1240	$1,353	$1.09	25d	1	0.64mi
1731 Mountain Dr Birmingham, AL	3.0	1.0	1160	$975	$0.84	45d	1	0.65mi
4344 Pulaski St Birmingham, AL	3.0	1.0	1268	$1,050	$0.83	45d	1	0.68mi
1816 Damon Cir Birmingham, AL	3.0	1.0	1401	$1,153	$0.82	17d	1	0.70mi
4301 Greenwood St Birmingham, AL	3.0	1.0	1140	$1,025	$0.90	4d	1	0.71mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	16d	1	0.74mi
4400 43rd St N Birmingham, AL	3.0	1.0	1152	$850	$0.74	45d	1	0.74mi
4217 43rd Ave N Birmingham, AL	3.0	1.0	1140	$1,200	$1.05	4d	1	0.76mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	45d	1	0.91mi
3823 43rd Ave N Birmingham, AL	3.0	2.0	1500	$1,200	$0.80	25d	1	0.91mi
1303 Main St Birmingham, AL	4.0	2.0	1432	$1,300	$0.91	45d	1	0.94mi
4231 40th Ave N Birmingham, AL	3.0	1.0	1272	$850	$0.67	20d	1	0.98mi
4028 40th Ave N Birmingham, AL	3.0	1.0	1186	$950	$0.80	45d	1	0.98mi
1508 Saint Joseph St Birmingham, AL	3.0	1.0	1200	$995	$0.83	16d	1	0.98mi

Listing history 45 events

1. 2026-06-18
   days on market $88,000 Active 145 DOM
2. 2026-06-17
   days on market $88,000 Active 144 DOM
3. 2026-06-16
   days on market $88,000 Active 143 DOM
4. 2026-06-15
   days on market $88,000 Active 142 DOM
5. 2026-06-13
   days on market $88,000 Active 140 DOM
6. 2026-06-10
   days on market $88,000 Active 137 DOM
7. 2026-06-09
   days on market $88,000 Active 136 DOM
8. 2026-06-08
   days on market $88,000 Active 135 DOM
9. 2026-06-07
   days on market $88,000 Active 134 DOM
10. 2026-06-05
    days on market $88,000 Active 131 DOM
11. 2026-06-03
    days on market $88,000 Active 130 DOM
12. 2026-06-02
    days on market $88,000 Active 129 DOM
13. 2026-06-01
    days on market $88,000 Active 128 DOM
14. 2026-05-31
    days on market $88,000 Active 127 DOM
15. 2026-05-05
    price $88,000 326-char remark

    Show marketing remark (326 chars)

    Great Investment Opportunity. Property was remodeled 24 months ago, with some cosmetic updates this property would make a great rental or flip. 3 bedrooms 1 bath, hardwood and lvp floors throughout. Off Street Parking, spacious yard and a covered porch give this home tons of potential. Sold As-Is, right redemption may apply.

16. 2026-01-23
    listed $98,000 Active 326-char remark

    Show marketing remark (326 chars)

    Great Investment Opportunity. Property was remodeled 24 months ago, with some cosmetic updates this property would make a great rental or flip. 3 bedrooms 1 bath, hardwood and lvp floors throughout. Off Street Parking, spacious yard and a covered porch give this home tons of potential. Sold As-Is, right redemption may apply.

17. 2025-08-27
    price $132,000
18. 2025-08-07
    price $89,000
19. 2023-11-03
    soldstatus $109,900 Sold
20. 2023-11-03
    soldstatus $109,900
21. 2023-10-05
    historical Contingent
22. 2023-09-27
    listed $109,900 Active
23. 2023-04-28
    price $74,900
24. 2023-03-30
    price $79,900
25. 2023-03-11
    price $69,900
26. 2022-08-15
    soldstatus $741,200
27. 2022-01-01
    historical
28. 2021-12-29
    soldstatus $53,000 Sold
29. 2021-12-10
    historical Contingent
30. 2021-12-01
    historical
31. 2021-11-10
    historical Contingent
32. 2021-11-05
    historical
33. 2021-10-01
    historical Contingent
34. 2021-09-20
    status Active
35. 2021-09-15
    price $64,000
36. 2021-07-25
    historical Contingent
37. 2021-07-13
    status Active
38. 2021-06-26
    historical
39. 2021-06-04
    status Active
40. 2021-05-27
    historical Contingent
41. 2021-05-14
    listed $68,000 Active
42. 2018-03-29
    soldstatus $54,000
43. 2011-08-19
    soldstatus $61,500
44. 2009-12-14
    soldstatus $61,000
45. 1989-12-14
    soldstatus $41,500

ⓘ 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: $517 · $43/mo
• Projected year-2 tax: $517 · $43/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: $14,409
• − Mortgage interest: −$4,929
• − Property taxes: −$517
• − Insurance: −$440
• − Repairs & maintenance: −$1,153
• − Management: −$1,153
• − Depreciation: −$2,560
• Taxable income: $3,658
• Est. tax owed @ 24.0%: −$878
• After-tax cash flow: $4,011/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: Tarrant City
• NCES district ID: 0103270
• Math proficiency: 4% ▼ -14.00%
• Reading proficiency: 17% ▼ -2.00%
• Median HH income: $29,256
• Composite: 8.0/100
• National rank: #9924
• State rank: #121 of 129 in AL

Livability — Tarrant

• Score: 51/100
• State rank: #507
• US rank: #25136

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarrant, AL
• County: Jefferson County · 527,445 people
• City population: 12,240
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 12,240
• Household income: $40,486
• Rent vs Own: 52.5% rent · 47.5% own
• Severe rent burden: 594.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 57% White 27% Hispanic / Latino 14% Two or more races 6%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Slovak 3% Italian 1%
• Foreign-born: 7% · Canada, Guatemala
• Languages at home: 86% English-only · Spanish 13%

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: ▼ -74.54%
• Current HPI: 117.416
• Rent YoY: ▲ 3.58%
• 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

+112.0% since first listed

31 events — show timeline

• 2026-05-05 Price Changed $88,000 Greater Alabama MLS
• 2026-01-23 Listed $98,000 Greater Alabama MLS
• 2025-08-27 Price Changed $132,000 Greater Alabama MLS
• 2025-08-07 Price Changed $89,000 Greater Alabama MLS
• 2023-11-03 Sold (Public Records) $109,900 Public Records
• 2023-11-03 Sold (MLS) $109,900 Greater Alabama MLS
• 2023-10-05 Contingent — Greater Alabama MLS
• 2023-09-27 Listed $109,900 Greater Alabama MLS
• 2023-04-28 Price Changed $74,900 Greater Alabama MLS
• 2023-03-30 Price Changed $79,900 Greater Alabama MLS
• 2023-03-11 Price Changed $69,900 Greater Alabama MLS
• 2022-08-15 Sold (Public Records) $741,200 Public Records
• 2022-01-01 Delisted — Greater Alabama MLS
• 2021-12-29 Sold (MLS) $53,000 Greater Alabama MLS
• 2021-12-10 Contingent — Greater Alabama MLS
• 2021-12-01 Delisted — Greater Alabama MLS
• 2021-11-10 Contingent — Greater Alabama MLS
• 2021-11-05 Delisted — Greater Alabama MLS
• 2021-10-01 Contingent — Greater Alabama MLS
• 2021-09-20 Relisted — Greater Alabama MLS
• 2021-09-15 Price Changed $64,000 Greater Alabama MLS
• 2021-07-25 Contingent — Greater Alabama MLS
• 2021-07-13 Relisted — Greater Alabama MLS
• 2021-06-26 Delisted — Greater Alabama MLS
• 2021-06-04 Relisted — Greater Alabama MLS
• 2021-05-27 Contingent — Greater Alabama MLS
• 2021-05-14 Listed $68,000 Greater Alabama MLS
• 2018-03-29 Sold (Public Records) $54,000 Public Records
• 2011-08-19 Sold (Public Records) $61,500 Public Records
• 2009-12-14 Sold (Public Records) $61,000 Public Records
• 1989-12-14 Sold (Public Records) $41,500 Public Records

Property tax history

+5.0%/yr

Latest (2025): $517 · +0.0% YoY. Source: county tax records.