1600 Pleasant Grove Rd · Birmingham, AL 35061

$72,000

3 bd · 1.5 ba · 1,050 sqft · SingleFamily public records · 130 Days on market

Built 1996 Fair condition 7,840 sqft lot $69/sqft · 40% below area Est $119k · 40% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.1/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +0.6/10.0

Listing remarks MLS

Investment opportunity at 1600 Pleasant Grove! This 3-bedroom, 1-bath home offers solid potential with a functional layout and appealing curb presence. With the right updates, this property could be a great addition to a rental portfolio or resale project. Ideal for investors looking to add value and maximize returns. Receivership property being sold as-is.

Key facts

• 7,840 sq ft lot
• Built 1996
• Listed 129 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $72k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $362 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $63k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 6.1% 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: 20 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals lingering (median 51d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 88% 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 $3k of equity ($498 loan paydown + $3k appreciation (4.1% 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 (4.1% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 10, 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 130 days — a 12% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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 $48k; list at $72k implies a 50% gain — meaningful room to come down on a strong offer.

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 $63,360 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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?
7. 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.
8. 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.
9. 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: 1.57% ✓
• Cap rate: 12.33%
• Cash-on-cash: 21.56%
• DSCR: 1.96
• GRM: 5.3

CMA / ARV

• ARV (median comp): $119,311
• List price: $72,000
• Delta: -39.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1598 Pleasant Grove Rd	0.02mi	3/1.0	1,092 (+4%)	2mo	$82,500	$76	89
104 Cypress St	0.56mi	3/1.0	1,004 (-4%)	0mo	$141,000	$140	64
223 Woodward Dr	0.37mi	3/1.0	988 (-6%)	9mo	$100,000	$101	64
1589 Carver St	0.39mi	3/1.0	957 (-9%)	6mo	$120,000	$125	60
1669 Pleasant Grove Rd	0.30mi	3/2.0	1,144 (+9%)	16mo	$135,000	$118	56
212 Cedar Cir	0.41mi	2/1.0 (-1)	1,184 (+13%)	3mo	$82,900	$70	50
399 Clio St	0.62mi	3/1.0	1,118 (+6%)	16mo	$115,000	$103	45
3505 2nd St N	0.46mi	3/1.0	960 (-9%)	23mo	$110,000	$115	43
358 Five Acre Rd	0.67mi	3/1.0	1,118 (+6%)	17mo	$125,900	$113	42
1719 Robins St	0.69mi	3/1.5	1,152 (+10%)	16mo	$27,000	$23	38

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

Projected returns pro-forma

4.1% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.0%
• Equity multiple: 2.79×
• Total profit: $36,083
• Equity at exit: $36,947

10-year hold

• IRR: 29.4%
• Equity multiple: 5.52×
• Total profit: $91,113
• Equity at exit: $60,786

Cash invested: $20,160 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 12 active · 1 under contract
• Months of supply: 18.0 mo (6%/mo absorbed)
• Median asking: $111,950 ($115/sqft)
• Median days on market: 36 d
• This list price: 8% of active listings are priced below it
• ARV vs active asking: -1.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35061

• Home prices YoY: 1.8%
• Active inventory: 20
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,129 high
• Mortgage (P&I): −$378
• Tax from tax record: −$122 /mo · $1,469/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $362

Break-even live

Break-even rent $671

Max offer price $72,000

Occupancy floor 63%

Sensitivity live

Price	-10% $403	-5% $383	+0% $362	+5% $342	+10% $322
Rent	-10% $273	-5% $318	+0% $362	+5% $407	+10% $452
Rate	-1.0pp $399	-0.5pp $381	base $362	+0.5pp $344	+1.0pp $325

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: $18,000
• Closing costs: $2,160
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1565 Miles St Dolomite, AL	3.0	2.0	1120	$1,150	$1.03	46d	1	0.22mi
216 Pine St Bessemer, AL	3.0	2.0	1000	$1,200	$1.20	93d	1	0.41mi
200 Woodward Dr Bessemer, AL	3.0	1.0	900	$1,123	$1.25	51d	1	0.44mi
513 12th St Midfield, AL	2.0	1.0	936	$850	$0.91	33d	1	1.05mi
1401 9th Ave Birmingham, AL	3.0	2.0	1222	$1,100	$0.90	33d	1	1.08mi
1983 Townhouse Ln Bessemer, AL	2.0	2.0	1465	$1,100	$0.75	65d	1	1.20mi
406 Forest Rd Bessemer, AL	3.0	2.0	1200	$1,125	$0.94	31d	1	1.21mi
1207 7th Ave Pleasant Grove, AL	3.0	1.0	1362	$1,456	$1.07	35d	1	1.26mi
608 5th Ave Midfield, AL	3.0	1.0	1241	$795	$0.64	70d	1	1.33mi
1109 12th Ave Birmingham, AL	4.0	2.0	1217	$1,475	$1.21	52d	1	1.36mi
616 Rutledge Dr Birmingham, AL	3.0	1.0	1416	$1,095	$0.77	70d	1	1.36mi
1133 7th Ave Pleasant Grove, AL	3.0	2.0	1104	$1,250	$1.13	63d	1	1.37mi
617 8th Ave Birmingham, AL	4.0	2.0	1436	$1,350	$0.94	39d	1	1.39mi
806 12th Ave Birmingham, AL	3.0	1.0	1262	$950	$0.75	25d	1	1.46mi
1400 Freda Dr Birmingham, AL	3.0	1.0	1255	$1,035	$0.82	25d	1	1.46mi
605 10th Ave Birmingham, AL	3.0	1.0	1060	$850	$0.80	93d	1	1.48mi

Listing history 50 events

1. 2026-08-08
   days on market $72,000 Active 130 DOM
2. 2026-08-07
   days on market $72,000 Active 129 DOM
3. 2026-08-06
   days on market $72,000 Active 128 DOM
4. 2026-08-05
   days on market $72,000 Active 127 DOM
5. 2026-08-04
   days on market $72,000 Active 126 DOM
6. 2026-08-03
   days on market $72,000 Active 125 DOM
7. 2026-07-31
   days on market $72,000 Active 122 DOM
8. 2026-07-30
   days on market $72,000 Active 121 DOM
9. 2026-07-30
   days on market $72,000 Active 120 DOM
10. 2026-07-28
    days on market $72,000 Active 119 DOM
11. 2026-07-26
    days on market $72,000 Active 117 DOM
12. 2026-07-24
    days on market $72,000 Active 115 DOM
13. 2026-07-23
    days on market $72,000 Active 114 DOM
14. 2026-07-22
    days on market $72,000 Active 113 DOM
15. 2026-07-21
    days on market $72,000 Active 112 DOM
16. 2026-07-20
    days on market $72,000 Active 111 DOM
17. 2026-07-19
    days on market $72,000 Active 109 DOM
18. 2026-07-18
    days on market $72,000 Active 108 DOM
19. 2026-07-16
    days on market $72,000 Active 107 DOM
20. 2026-07-15
    days on market $72,000 Active 106 DOM
21. 2026-07-14
    days on market $72,000 Active 105 DOM
22. 2026-07-13
    days on market $72,000 Active 104 DOM
23. 2026-07-13
    days on market $72,000 Active 103 DOM
24. 2026-07-11
    days on market $72,000 Active 102 DOM
25. 2026-07-10
    days on market $72,000 Active 101 DOM
26. 2026-07-10
    price $72,000 Active 100 DOM
27. 2026-07-09
    days on market $74,900 Active 100 DOM
28. 2026-07-07
    days on market $74,900 Active 98 DOM
29. 2026-07-06
    days on market $74,900 Active 97 DOM
30. 2026-07-05
    days on market $74,900 Active 96 DOM
31. 2026-07-03
    days on market $74,900 Active 94 DOM
32. 2026-07-02
    days on market $74,900 Active 93 DOM
33. 2026-07-01
    days on market $74,900 Active 92 DOM
34. 2026-06-30
    days on market $74,900 Active 91 DOM
35. 2026-06-29
    days on market $74,900 Active 90 DOM
36. 2026-06-28
    days on market $74,900 Active 89 DOM
37. 2026-06-27
    days on market $74,900 Active 88 DOM
38. 2026-06-27
    days on market $74,900 Active 87 DOM
39. 2026-06-25
    days on market $74,900 Active 85 DOM
40. 2026-06-22
    days on market $74,900 Active 83 DOM
41. 2026-06-21
    days on market $74,900 Active 82 DOM
42. 2026-06-18
    days on market $74,900 Active 79 DOM
43. 2026-06-17
    days on market $74,900 Active 78 DOM
44. 2026-06-16
    days on market $74,900 Active 77 DOM
45. 2026-06-15
    days on market $74,900 Active 76 DOM
46. 2026-06-13
    days on market $74,900 Active 74 DOM
47. 2026-06-10
    days on market $74,900 Active 71 DOM
48. 2026-06-09
    days on market $74,900 Active 70 DOM
49. 2026-06-08
    days on market $74,900 Active 69 DOM
50. 2026-06-07
    days on market $74,900 Active 68 DOM

ⓘ 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: $1,469 · $122/mo
• Projected year-2 tax: $1,469 · $122/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 ≥108°F today · 19 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: $13,553
• − Mortgage interest: −$4,033
• − Property taxes: −$1,469
• − Insurance: −$360
• − Repairs & maintenance: −$1,084
• − Management: −$1,084
• − Depreciation: −$2,095
• Taxable income: $3,428
• Est. tax owed @ 24.0%: −$823
• After-tax cash flow: $3,525/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.

Condition & rehab AI · 2 photos

Fair 45/100 Moderate rehab Est. rehab $26,250–$47,250 screening

This single-family home presents significant exterior wear and needs repairs and maintenance to improve its condition and value.

Repairs flagged

• Major siding — Significant wear and tear
• Major paint — Peeling and chipping
• Major landscaping — Overgrown and unkempt

Value-add opportunities

• Both painting and repainting — Fresh paint would improve curb appeal and interior appearance ↑
• Both landscaping — A well-maintained yard would enhance curb appeal and property value ↑
• Both roof inspection — A thorough inspection could reveal any needed repairs and ensure the roof is safe ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 6/100

Zoned Schools

Elementary Wylam Elementary School F AL #601/627 Nat'l #40,092/41,679 High Jacksonolin High School F AL #276/305 Nat'l #16,861/17,239

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

C Composite livability gradescore 67/100

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
• County: Jefferson · 669,185 people
• City population: 210,422
• Metro: Birmingham, AL
• Population (ZIP): 1,633
• Household income: $52,143
• Rent vs Own: 44.1% rent · 55.9% own
• Severe rent burden: 8% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (97%)
• Race & ethnicity: Black 97% White 3%
• Foreign-born: 0%

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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: ▲ 4.10%
• Current HPI: 232.777
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+56.0% since first listed

7 events — show timeline

• 2026-03-30 Listed $74,900 Greater Alabama MLS
• 2026-01-20 Price Changed $74,900 Greater Alabama MLS
• 2025-07-25 Rental Removed $1,150 APPFOLIO
• 2024-04-10 Listed for Rent $1,150 APPFOLIO
• 2024-04-10 Rental Removed $1,150 APPFOLIO
• 2023-07-20 Listed for Rent $1,150 APPFOLIO
• 1997-10-01 Sold (Public Records) $48,000 Public Records

Property tax history

+33.8%/yr

Latest (2025): $1,469 · +0.0% YoY. Source: county tax records.