1032 Forrest St · Tarrant, AL 35217

$72,900

2 bd · 1.0 ba · 975 sqft · SingleFamily public records · 13 Days on market

Built 1955 10,454 sqft lot $75/sqft · at area comps Est $70k · at est.

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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 +29.7/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +5.4/15.0
• Rent growth +3.4/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Currently rented at $750 per month. Excellent rental property with long term tenants in place. Recently renovated. Professionally managed. Seller prefers to sell as a pair along with 1233 Forrest St. Total asking price 69,000. Total monthly rental income $1,400.

Key facts

• Alley access
• Attached carport
• Huge backyard

Tags

• HARDWOOD FLOORS
• SPACIOUS LIVING ROOM
• HUGE BACKYARD
• ALLEY ACCESS
• ATTACHED CARPORT

Property features AI

Finance

• Other: Lot size about 0.24 acres; Located in the Oak Park subdivision
• Financial info: Garbage fee billed quarterly ($75)

Exterior

• Parking: Attached parking; Driveway parking; One carport space
• Utilities: Public water; Connected sewer; Electric water heater; Internet service available
• Home design: Existing single-family home; Main living all on one level (single-story entry level indicated); Siding (wood)
• Construction: Wood siding construction; Crawl space foundation
• Exterior features: Fenced yard; No pool; No deck or patio; Not waterfront

Interior

• Kitchen: Laminate countertops; Built-in dishwasher
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Hardwood; Vinyl
• Bathrooms: One full bathroom (tub/shower combo) on the main level
• Heating & cooling: Central heating; Central cooling
• Interior features: Smooth ceilings; No special interior features listed
• Laundry & utility: Laundry on the main level; Washer hookup; Electric dryer hookup; Pull-down attic

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $73k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($968 rent vs $73k).

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 Elementary School (310 students, 85% FRL); Tarrant High School (math 3% / reading 16%, grade F, #258 of 305 statewide, top 85%, 559 students, 84% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: Rents rising (+3.6%/yr); 95 active listings in the ZIP; 23 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $504 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 + 3.6% rent growth), your $20k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $7k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $72,900

Questions for the listing agent

1. Built in 1955 — 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. 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: 1.33% ✓
• Cap rate: 10.64%
• Cash-on-cash: 15.53%
• DSCR: 1.69
• GRM: 6.3

CMA / ARV

• ARV (median comp): $69,623
• List price: $72,900
• Delta: 7.58%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1045 Waverly St	0.12mi	3/1.0 (+1)	1,014 (+4%)	9mo	$65,000	$64	76
1021 Green St	0.23mi	2/1.0	1,015 (+4%)	11mo	$75,000	$74	74
1233 Forest St	0.25mi	3/1.0 (+1)	864 (-11%)	2mo	$66,625	$77	63
1128 Cooper St	0.32mi	3/2.0 (+1)	912 (-6%)	8mo	$142,500	$156	58
1101 Linthicum St	0.23mi	3/1.0 (+1)	864 (-11%)	11mo	$62,000	$72	56
2009 Day Ave	0.52mi	3/1.0 (+1)	1,034 (+6%)	11mo	$123,000	$119	51
1901 Hoke Ave	0.44mi	3/1.0 (+1)	1,109 (+14%)	1mo	$56,000	$50	51
1812 Damon Cir	0.65mi	3/1.0 (+1)	1,056 (+8%)	1mo	$60,000	$57	50
4208 50th Ave N	0.46mi	3/1.0 (+1)	1,104 (+13%)	7mo	$67,500	$61	45
1525 Mountain Dr	0.46mi	2/1.0	1,120 (+15%)	12mo	$42,000	$38	44
1412 Elizabeth Ave	0.63mi	3/1.0 (+1)	1,096 (+12%)	14mo	$32,500	$30	34
2033 E Lake Blvd	0.71mi	3/2.0 (+1)	1,109 (+14%)	7mo	$124,538	$112	29

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: 7.0%
• Equity multiple: 1.27×
• Total profit: $5,598
• Equity at exit: $10,870

10-year hold

• IRR: 16.8%
• Equity multiple: 2.42×
• Total profit: $28,956
• Equity at exit: $6,303

Cash invested: $20,412 (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: 95
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $968 high
• Mortgage (P&I): −$382
• Tax from tax record: −$88 /mo · $1,055/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $264

Break-even live

Break-even rent $634

Max offer price $72,900

Occupancy floor 68%

Sensitivity live

Price	-10% $306	-5% $285	+0% $264	+5% $244	+10% $223
Rent	-10% $188	-5% $226	+0% $264	+5% $302	+10% $341
Rate	-1.0pp $301	-0.5pp $283	base $264	+0.5pp $245	+1.0pp $226

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 23 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1045 Waverly St Birmingham, AL	3.0	1.0	1014	$1,000	$0.99	45d	1	0.12mi
1439 Sloan Ave Birmingham, AL	3.0	1.0	936	$900	$0.96	45d	1	0.39mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	45d	1	0.44mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	21d	1	0.49mi
1233 Elm Ave Unit a Birmingham, AL	1.0	1.0	580	$703	$1.21	3d	1	0.50mi
1415 Virginia St Birmingham, AL	2.0	1.0	781	$650	$0.83	45d	1	0.54mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	21d	1	0.57mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	45d	1	0.60mi
1137 Sloan Ave Birmingham, AL	2.0	1.0	750	$750	$1.00	16d	1	0.65mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	45d	1	0.71mi
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	45d	1	0.71mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	45d	1	0.71mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	45d	1	0.72mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	45d	1	0.76mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	45d	1	0.84mi
821 Overton Ave Unit B Birmingham, AL	2.0	1.0	650	$625	$0.96	45d	1	0.85mi
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	5d	1	0.90mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	25d	1	0.94mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	45d	1	0.95mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$675	$1.08	45d	1	1.05mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$699	$1.12	3d	1	1.05mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	5d	1	1.15mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	45d	1	1.46mi

Listing history 18 events

1. 2026-06-22
   days on market $72,900 Active 13 DOM
2. 2026-06-18
   days on market $72,900 Active 10 DOM
3. 2026-06-17
   days on market $72,900 Active 9 DOM
4. 2026-06-16
   days on market $72,900 Active 8 DOM
5. 2026-06-15
   days on market $72,900 Active 7 DOM
6. 2026-06-13
   pricedays on market $72,900 Active 5 DOM
7. 2026-06-10
   days on market $79,900 Active 2 DOM
8. 2026-06-09
   pricedays on marketlisting id $79,900 Active 1 DOM
9. 2026-05-07
   price $74,900 302-char remark
10. 2026-05-06
    status Active 302-char remark
11. 2026-05-06
    historical 302-char remark
12. 2026-04-20
    price $72,500 302-char remark
13. 2026-03-02
    price $72,900 302-char remark
14. 2026-01-21
    listed $74,900 Active 302-char remark
15. 2020-03-18
    soldstatus $75,000
16. 2020-03-04
    soldstatus $37,500 Sold 262-char remark

    Show marketing remark (262 chars)

    Currently rented at $750 per month. Excellent rental property with long term tenants in place. Recently renovated. Professionally managed. Seller prefers to sell as a pair along with 1233 Forrest St. Total asking price 69,000. Total monthly rental income $1,400.

17. 2020-02-12
    historical Contingent 262-char remark

    Show marketing remark (262 chars)

    Currently rented at $750 per month. Excellent rental property with long term tenants in place. Recently renovated. Professionally managed. Seller prefers to sell as a pair along with 1233 Forrest St. Total asking price 69,000. Total monthly rental income $1,400.

18. 2020-02-06
    listed $34,000 Active 262-char remark

    Show marketing remark (262 chars)

    Currently rented at $750 per month. Excellent rental property with long term tenants in place. Recently renovated. Professionally managed. Seller prefers to sell as a pair along with 1233 Forrest St. Total asking price 69,000. Total monthly rental income $1,400.

ⓘ 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: $1,055 · $88/mo
• Projected year-2 tax: $1,055 · $88/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 · 18 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: $11,617
• − Mortgage interest: −$4,084
• − Property taxes: −$1,055
• − Insurance: −$364
• − Repairs & maintenance: −$929
• − Management: −$929
• − Depreciation: −$2,121
• Taxable income: $2,135
• Est. tax owed @ 24.0%: −$512
• After-tax cash flow: $2,659/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

+114.4% since first listed

9 events — show timeline

• 2026-06-12 Price Changed $72,900 Greater Alabama MLS
• 2026-06-08 Listed $79,900 Greater Alabama MLS
• 2026-05-07 Price Changed $74,900 Greater Alabama MLS
• 2026-04-20 Price Changed $72,500 Greater Alabama MLS
• 2026-03-02 Price Changed $72,900 Greater Alabama MLS
• 2020-03-18 Sold (Public Records) $75,000 Public Records
• 2020-03-04 Sold (MLS) $37,500 Greater Alabama MLS
• 2020-02-12 Contingent — Greater Alabama MLS
• 2020-02-06 Listed $34,000 Greater Alabama MLS

Property tax history

+3.9%/yr

Latest (2025): $1,055 · +0.0% YoY. Source: county tax records.