109 62nd St · Fairfield, AL 35064

$59,900

2 bd · 1.0 ba · 896 sqft · SingleFamily public records · 91 Days on market

Built 1950 6,534 sqft lot $67/sqft · 20% above area Est $50k · 20% over

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 109 62nd Street! This charming 2-bedroom, 1-bath home is a fantastic investment opportunity. Enjoy relaxing on the covered front porch, and step inside to a cozy layout featuring a kitchen equipped with a refrigerator and stove. Fenced backyard with a patio, perfect for outdoor gatherings. Don’t miss out, schedule your showing today!

Key facts

• 6,534 sq ft lot
• Built 1950
• Listed 91 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $356 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($957 rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 10.2% in Fairfield — 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 64/100 on livability (#160 in AL) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime D+, amenities F, employment F.
• Fairfield City (suburban): math 2% / reading 15% proficiency, ranked #125 of 129 in AL (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 84% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: C J Donald Middle School (math 2% / reading 17%, grade F, #227 of 257 statewide, top 90%, 332 students, 85% FRL) — zoned schools at 85% FRL track the district average.
• Market conditions: 52 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $414 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 $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 91 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $54,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. Crime grade is D 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: 1.60% ✓
• Cap rate: 13.43%
• Cash-on-cash: 25.48%
• DSCR: 2.13
• GRM: 5.2

CMA / ARV

• ARV (median comp): $49,719
• List price: $59,900
• Delta: 20.48%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5704 Myron Massey Blvd	0.63mi	2/1.0	894 (-0%)	5mo	$35,000	$39	66
616 62nd St	0.46mi	3/1.0 (+1)	1,008 (+12%)	7mo	$47,500	$47	47
552 Osceola Cir	0.48mi	2/1.0	788 (-12%)	17mo	$50,000	$63	44
712 61st St	0.51mi	2/1.0	1,008 (+12%)	14mo	$3,000	$3	43
565 Seminole Cir	0.43mi	3/2.0 (+1)	1,008 (+12%)	16mo	$91,700	$91	37
6021 Court F	0.55mi	2/1.0	1,022 (+14%)	22mo	$50,000	$49	32

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: 19.1%
• Equity multiple: 1.77×
• Total profit: $12,980
• Equity at exit: $8,931

10-year hold

• IRR: 27.4%
• Equity multiple: 3.42×
• Total profit: $40,531
• Equity at exit: $5,179

Cash invested: $16,772 (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 35064

• Home prices YoY: -28.8%
• Active inventory: 52
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $957 high
• Mortgage (P&I): −$314
• Tax from tax record: −$60 /mo · $726/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$201
• Net cashflow: $356

Break-even live

Break-even rent $506

Max offer price $59,900

Occupancy floor 58%

Sensitivity live

Price	-10% $390	-5% $373	+0% $356	+5% $339	+10% $322
Rent	-10% $281	-5% $318	+0% $356	+5% $394	+10% $432
Rate	-1.0pp $386	-0.5pp $371	base $356	+0.5pp $341	+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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
125 Jerry Coleman St Fairfield, AL	2.0	1.0	715	$725	$1.01	45d	1	0.11mi
410 54th St Fairfield, AL	2.0	1.0	1068	$700	$0.66	4d	1	0.61mi
5503 Myron Massey Blvd Fairfield, AL	3.0	2.0	1119	$1,200	$1.07	45d	1	0.68mi
6516 Millard Fuller Rd Fairfield, AL	3.0	1.5	1120	$950	$0.85	4d	1	0.68mi
5712 Monte Sano Rd Birmingham, AL	2.0	1.0	700	$900	$1.29	45d	1	0.96mi
340 McPherson Ave Birmingham, AL	2.0	1.0	924	$910	$0.98	45d	1	1.00mi
336 McPherson Ave Birmingham, AL	3.0	1.0	1094	$1,100	$1.01	25d	1	1.00mi
1045 57th St Birmingham, AL	1.0	1.0	700	$775	$1.11	45d	1	1.05mi
5710 Monte Sano Dr Birmingham, AL	2.0	1.0	700	$950	$1.36	45d	1	1.08mi
813 46th St Fairfield, AL	2.0	1.0	1100	$825	$0.75	12d	1	1.08mi
621 Valley Rd Fairfield, AL	2.0	1.0	935	$900	$0.96	45d	1	1.12mi
920 47th Street Ensley Birmingham, AL	3.0	1.0	1070	$895	$0.84	4d	1	1.15mi
1317 Woodward Rd Birmingham, AL	2.0	1.0	672	$800	$1.19	3d	1	1.15mi
1376 Creel Ct Birmingham, AL	3.0	1.0	1008	$1,000	$0.99	45d	1	1.18mi
1433 Rayfield Dr Birmingham, AL	3.0	1.0	1064	$950	$0.89	45d	1	1.24mi
1309 41st St Fairfield, AL	3.0	1.0	1070	$1,200	$1.12	45d	1	1.24mi
518 41st St Fairfield, AL	3.0	2.0	1095	$1,200	$1.10	45d	1	1.28mi
5714 Court M Unit 5720 Birmingham, AL	1.0	1.0	600	$700	$1.17	45d	1	1.28mi
407 Fairfax Dr Fairfield, AL	1.0	1.5	850	$1,160	$1.36	45d	2	1.30mi
1272 Meadow Ln Birmingham, AL	2.0	1.0	744	$800	$1.08	45d	1	1.30mi
412 Fairfax Dr Unit 424-3 Fairfield, AL	3.0	1.5	1035	$1,200	$1.16	12d	1	1.30mi
412 Fairfax Dr Unit 416-11 Fairfield, AL	2.0	1.5	935	$975	$1.04	4d	1	1.30mi
412 Fairfax Dr Unit 424-10 Fairfield, AL	3.0	1.5	1035	$1,275	$1.23	13d	1	1.30mi
412 Fairfax Dr Unit 436-11 Fairfield, AL	2.0	1.5	935	$910	$0.97	12d	1	1.30mi
412 Fairfax Dr Unit 436-10 Fairfield, AL	2.0	1.0	888	$890	$1.00	12d	1	1.30mi
412 Fairfax Dr Unit 432-13 Fairfield, AL	1.0	1.0	555	$775	$1.40	12d	1	1.30mi
412 Fairfax Dr Unit 400-12 Fairfield, AL	2.0	1.0	888	$915	$1.03	12d	1	1.30mi
412 Fairfax Dr Unit 444-12 Fairfield, AL	2.0	1.0	888	$910	$1.02	12d	1	1.30mi
412 Fairfax Dr Unit 400-1 Fairfield, AL	2.0	1.5	935	$1,175	$1.26	4d	1	1.30mi
931 41st Street Ensley Birmingham, AL	2.0	1.5	1048	$995	$0.95	4d	1	1.33mi
1112 S Gale Dr Birmingham, AL	3.0	1.5	1053	$1,175	$1.12	45d	1	1.34mi
708 40th St Fairfield, AL	2.0	1.0	788	$650	$0.82	45d	1	1.35mi
1340 Pineview Rd Birmingham, AL	3.0	2.0	1116	$1,075	$0.96	45d	1	1.40mi
517 Grant St Birmingham, AL	3.0	1.0	912	$850	$0.93	25d	1	1.42mi
1417 Brighton Rd Birmingham, AL	3.0	2.0	1048	$1,200	$1.15	45d	1	1.49mi
1400 Indiana St Birmingham, AL	3.0	1.0	1020	$1,200	$1.18	45d	1	1.49mi

Listing history 19 events

1. 2026-06-18
   days on market $59,900 Active 91 DOM
2. 2026-06-17
   days on market $59,900 Active 90 DOM
3. 2026-06-16
   days on market $59,900 Active 89 DOM
4. 2026-06-15
   days on market $59,900 Active 88 DOM
5. 2026-06-13
   days on market $59,900 Active 86 DOM
6. 2026-06-10
   days on market $59,900 Active 83 DOM
7. 2026-06-09
   days on market $59,900 Active 82 DOM
8. 2026-06-08
   days on market $59,900 Active 81 DOM
9. 2026-06-07
   days on market $59,900 Active 80 DOM
10. 2026-06-03
    days on market $59,900 Active 76 DOM
11. 2026-06-02
    days on market $59,900 Active 75 DOM
12. 2026-06-01
    days on market $59,900 Active 74 DOM
13. 2026-05-31
    days on market $59,900 Active 73 DOM
14. 2026-03-19
    listed $65,000 Active 352-char remark

    Show marketing remark (352 chars)

    Welcome to 109 62nd Street! This charming 2-bedroom, 1-bath home is a fantastic investment opportunity. Enjoy relaxing on the covered front porch, and step inside to a cozy layout featuring a kitchen equipped with a refrigerator and stove. Fenced backyard with a patio, perfect for outdoor gatherings. Don’t miss out, schedule your showing today!

15. 2026-03-16
    historical $65,000 352-char remark

    Show marketing remark (352 chars)

    Welcome to 109 62nd Street! This charming 2-bedroom, 1-bath home is a fantastic investment opportunity. Enjoy relaxing on the covered front porch, and step inside to a cozy layout featuring a kitchen equipped with a refrigerator and stove. Fenced backyard with a patio, perfect for outdoor gatherings. Don’t miss out, schedule your showing today!

16. 2020-12-14
    soldstatus $46,000
17. 2018-02-26
    soldstatus $7,450 Sold 276-char remark

    Show marketing remark (276 chars)

    INVESTORS OR FIRST TIME HOME BUYER COME RUNNING, LOCATED IN FAIRFIELD CLOSE TO COLLEGE AND SHOPPING LESS THEN TWO MILES FROM HWY, A PARK NEIGHBORHOOD, TWO BEDROOM, ONE BATH HOME WITH LARGE LIVING ROOM AND DINING ROOM. GOOD SIZE LOT WITH DETACHED CARPORT. CONVENIENTLY LOCATED.

18. 2018-02-06
    historical 276-char remark

    Show marketing remark (276 chars)

    INVESTORS OR FIRST TIME HOME BUYER COME RUNNING, LOCATED IN FAIRFIELD CLOSE TO COLLEGE AND SHOPPING LESS THEN TWO MILES FROM HWY, A PARK NEIGHBORHOOD, TWO BEDROOM, ONE BATH HOME WITH LARGE LIVING ROOM AND DINING ROOM. GOOD SIZE LOT WITH DETACHED CARPORT. CONVENIENTLY LOCATED.

19. 2017-11-20
    listed $15,000 Active 276-char remark

    Show marketing remark (276 chars)

    INVESTORS OR FIRST TIME HOME BUYER COME RUNNING, LOCATED IN FAIRFIELD CLOSE TO COLLEGE AND SHOPPING LESS THEN TWO MILES FROM HWY, A PARK NEIGHBORHOOD, TWO BEDROOM, ONE BATH HOME WITH LARGE LIVING ROOM AND DINING ROOM. GOOD SIZE LOT WITH DETACHED CARPORT. CONVENIENTLY LOCATED.

ⓘ 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: $726 · $60/mo
• Projected year-2 tax: $726 · $60/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 1/10 Low
• 🌡 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 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,478
• − Mortgage interest: −$3,355
• − Property taxes: −$726
• − Insurance: −$300
• − Repairs & maintenance: −$918
• − Management: −$918
• − Depreciation: −$1,743
• Taxable income: $3,519
• Est. tax owed @ 24.0%: −$845
• After-tax cash flow: $3,429/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: Fairfield City
• NCES district ID: 0101440
• Math proficiency: 2% ▼ -18.00%
• Reading proficiency: 15% ▼ -4.00%
• Median HH income: $35,288
• Composite: 6.92/100
• National rank: #9974
• State rank: #125 of 129 in AL

Livability — Fairfield

• Score: 64/100
• State rank: #160
• US rank: #14390

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fairfield, AL
• County: Jefferson County · 527,445 people
• City population: 9,872
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 9,872
• Household income: $48,692
• Rent vs Own: 40.5% rent · 59.5% own
• Severe rent burden: 784.0

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 (91%)
• Race & ethnicity: Black 91% White 7% Two or more races 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · 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: ▼ -50.47%
• Current HPI: 124.7012
• 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

+333.3% since first listed

6 events — show timeline

• 2026-03-19 Listed $65,000 Greater Alabama MLS
• 2026-03-16 Coming Soon $65,000 Greater Alabama MLS
• 2020-12-14 Sold (Public Records) $46,000 Public Records
• 2018-02-26 Sold (MLS) $7,450 Greater Alabama MLS
• 2018-02-06 Delisted — Greater Alabama MLS
• 2017-11-20 Listed $15,000 Greater Alabama MLS

Property tax history

+0.4%/yr

Latest (2025): $726 · -1.4% YoY. Source: county tax records.