1601 43rd St · Birmingham, AL 35208

$89,000

3 bd · 2.0 ba · 1,792 sqft · SingleFamily public records · 93 Days on market

Built 1935 6,969 sqft lot $50/sqft · 37% below area Est $141k · 37% under

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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 +27.9/30.0
• ARV discount +15.0/15.0
• DSCR +9.9/10.0
• 1% rule +8.7/10.0
• Rent growth +4.3/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

CALLING ALL OFFERS!! Looking for a new investment property, then here it is! This home features 3 bedrooms & 2 full bathrooms. Main level features large living room, dining room with hardwood flooring. The kitchen has been updated with tile flooring, painted cabinets & new hardware. Off the kitchen there is a full bathroom with shower & that connects to the laundry room. Upstairs features 3 bedrooms with hardwood floors that share a full hall bathroom with a tub/shower combo. Downstairs features unfinished basement with bonus storage space. Spacious backyard area outback. Only 6 minutes to access I-20/59 & just 12 mins to UAB & Downtown Birmingham. Property Sold As-Is.

Key facts

• Hardwood flooring
• Spacious backyard
• Unfinished basement

Tags

• HARDWOOD FLOORING
• UPDATED KITCHEN
• UNFINISHED BASEMENT
• BONUS STORAGE SPACE
• SPACIOUS BACKYARD
• ACCESS I-20/59

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $81k (9.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 6.2% 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: Rents rising fast (+7.2%/yr); 122 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 38% of the median local income ($39k/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 $615 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 + 7.2% rent growth), your $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $13k; list at $89k implies a 585% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — 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 $80,990 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 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 1935 — 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 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: 1.37% ✓
• Cap rate: 10.00%
• Cash-on-cash: 13.24%
• DSCR: 1.59
• GRM: 6.1

CMA / ARV

• ARV (median comp): $141,164
• List price: $89,000
• Delta: -36.95%
• 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
4624 Court R	0.25mi	3/2.0	1,887 (+5%)	1mo	$35,000	$19	79
1563 Martin Ave	0.25mi	4/2.0 (+1)	1,848 (+3%)	6mo	$69,000	$37	73
1644 42nd St	0.14mi	3/2.0	1,632 (-9%)	8mo	$162,000	$99	71
1428 41st St	0.24mi	3/2.0	2,038 (+14%)	3mo	$170,750	$84	64
1527 46th Street Ensley	0.21mi	3/1.0	1,571 (-12%)	6mo	$35,000	$22	61
1023 46th St	0.58mi	3/2.0	1,920 (+7%)	0mo	$75,000	$39	61
1340 43rd St	0.28mi	3/2.0	1,540 (-14%)	7mo	$85,000	$55	58
1633 29th St	0.71mi	3/1.5	1,658 (-8%)	8mo	$105,000	$63	46
1128 50th St Ensley	0.57mi	3/1.0	2,014 (+12%)	5mo	$106,000	$53	44
1825 49th St	0.56mi	3/1.0	1,532 (-14%)	4mo	$51,000	$33	42
949 44th St	0.66mi	3/2.5	1,595 (-11%)	9mo	$94,000	$59	42
1109 40th St	0.61mi	4/1.0 (+1)	1,556 (-13%)	5mo	$90,000	$58	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 · 7.24% rent growth · sell at horizon

5-year hold

• IRR: 8.3%
• Equity multiple: 1.34×
• Total profit: $8,570
• Equity at exit: $13,270

10-year hold

• IRR: 21.2%
• Equity multiple: 3.19×
• Total profit: $54,517
• Equity at exit: $7,695

Cash invested: $24,920 (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 35208

• Home prices YoY: -18.1%
• Rents YoY: 7.2%
• Active inventory: 122
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,217 high
• Mortgage (P&I): −$467
• Tax from tax record: −$183 /mo · $2,191/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $275

Break-even live

Break-even rent $869

Max offer price $89,000

Occupancy floor 72%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1607 43rd Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1435	$1,150	$0.80	23d	1	0.05mi
1617 42nd Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1413	$1,030	$0.73	15d	1	0.10mi
1509 44th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1260	$1,123	$0.89	11d	1	0.10mi
1526 42nd Street Ensley Unit ENSLEY Birmingham, AL	4.0	1.5	1600	$1,050	$0.66	43d	1	0.12mi
1436 44th Street Ensley Unit ENSLEY Birmingham, AL	4.0	2.0	1435	$1,495	$1.04	1d	1	0.13mi
1515 45th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1440	$875	$0.61	3d	1	0.15mi
4105 Avenue Q Unit Q Birmingham, AL	3.0	3.0	1760	$1,250	$0.71	3d	1	0.21mi
1563 Martin Ave Birmingham, AL	4.0	2.0	1848	$1,495	$0.81	1d	1	0.24mi
1345 46th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1617	$1,175	$0.73	3d	1	0.31mi
4637 Court S Birmingham, AL	3.0	1.0	1225	$975	$0.80	1d	1	0.45mi
4612 Terrace S Birmingham, AL	3.0	1.0	1612	$1,050	$0.65	43d	1	0.46mi
1632 51st St W Birmingham, AL	3.0	1.0	1337	$1,000	$0.75	1d	1	0.47mi
1632 51st Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.0	1337	$1,100	$0.82	43d	1	0.48mi
4817 Court R Birmingham, AL	3.0	2.0	1530	$1,300	$0.85	15d	1	0.50mi
1417 Bessemer Rd Birmingham, AL	3.0	1.0	1688	$1,200	$0.71	43d	1	0.51mi
4732 Court S Birmingham, AL	3.0	1.0	1372	$1,100	$0.80	43d	1	0.51mi
4736 Court S Birmingham, AL	3.0	1.5	1300	$1,200	$0.92	3d	1	0.52mi
4801 Avenue S Birmingham, AL	3.0	1.0	1310	$1,000	$0.76	43d	1	0.53mi
4636 Avenue T Unit T Birmingham, AL	4.0	1.5	1842	$1,500	$0.81	1d	1	0.54mi
1037 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	2.0	1299	$1,000	$0.77	43d	1	0.55mi
4825 Avenue S Birmingham, AL	3.0	1.0	1310	$1,050	$0.80	15d	1	0.58mi
2520 Avenue U Unit A Birmingham, AL	4.0	1.0	1260	$1,200	$0.95	43d	1	0.61mi
1724 30th Street Ensley Birmingham, AL	4.0	2.0	1428	$1,395	$0.98	15d	1	0.69mi
2017 48th Street Ensley Birmingham, AL	3.0	2.0	1383	$1,250	$0.90	43d	1	0.69mi
1545 29th Street Ensley Birmingham, AL	3.0	1.5	1331	$1,200	$0.90	43d	1	0.70mi
2133 47th Street Ensley Unit ENSLEY Birmingham, AL	3.0	1.5	1308	$1,300	$0.99	43d	1	0.71mi
1633 29th Street Ensley Birmingham, AL	3.0	2.0	1658	$1,200	$0.72	43d	1	0.72mi
1313 Pike Rd Birmingham, AL	3.0	1.0	1437	$975	$0.68	43d	1	0.75mi
5713 Avenue P Unit P Birmingham, AL	3.0	1.0	1300	$1,100	$0.85	19d	1	0.82mi
3017 Ensley Ave Birmingham, AL	3.0	1.0	1540	$1,400	$0.91	1d	1	0.89mi
3100 Avenue J Birmingham, AL	3.0	1.0	1409	$1,000	$0.71	10d	1	0.91mi
5316 Court I Birmingham, AL	3.0	2.0	1284	$1,200	$0.93	43d	1	0.92mi
5808 Court O Birmingham, AL	3.0	1.5	1227	$1,100	$0.90	43d	1	0.92mi
5300 Avenue I Birmingham, AL	4.0	2.0	1360	$1,500	$1.10	1d	1	0.94mi
2520 Avenue L Unit A Birmingham, AL	4.0	1.5	1260	$1,150	$0.91	23d	1	0.97mi
5521 Court I Birmingham, AL	3.0	2.0	1545	$1,100	$0.71	43d	1	0.98mi
2348 Court R Birmingham, AL	3.0	2.0	1792	$1,769	$0.99	1d	1	1.01mi
2348 Court R Birmingham, AL	3.0	2.0	2400	$1,639	$0.68	19d	1	1.01mi
709 30th St SW Birmingham, AL	3.0	1.0	1273	$1,000	$0.79	43d	1	1.01mi
2908 Avenue I Unit I Ensley, AL	3.0	1.0	1383	$1,025	$0.74	23d	1	1.02mi

Listing history 19 events

1. 2026-06-18
   days on market $89,000 Active 93 DOM
2. 2026-06-17
   days on market $89,000 Active 92 DOM
3. 2026-06-16
   days on market $89,000 Active 91 DOM
4. 2026-06-15
   days on market $89,000 Active 90 DOM
5. 2026-06-13
   days on market $89,000 Active 88 DOM
6. 2026-06-10
   days on market $89,000 Active 85 DOM
7. 2026-06-09
   days on market $89,000 Active 84 DOM
8. 2026-06-08
   days on market $89,000 Active 83 DOM
9. 2026-06-07
   days on market $89,000 Active 82 DOM
10. 2026-06-03
    days on market $89,000 Active 78 DOM
11. 2026-06-02
    days on market $89,000 Active 77 DOM
12. 2026-06-01
    days on market $89,000 Active 76 DOM
13. 2026-05-31
    days on market $89,000 Active 75 DOM
14. 2026-05-01
    price $89,000 707-char remark

    Show marketing remark (707 chars)

    CALLING ALL OFFERS!! Looking for a new investment property, then here it is! This home features 3 bedrooms & 2 full bathrooms. Main level features large living room, dining room with hardwood flooring. The kitchen has been updated with tile flooring, painted cabinets & new hardware. Off the kitchen there is a full bathroom with shower & that connects to the laundry room. Upstairs features 3 bedrooms with hardwood floors that share a full hall bathroom with a tub/shower combo. Downstairs features unfinished basement with bonus storage space. Spacious backyard area outback. Only 6 minutes to access I-20/59 & just 12 mins to UAB & Downtown Birmingham. Property Sold As-Is.

15. 2026-04-10
    price $99,900 707-char remark

    Show marketing remark (707 chars)

    CALLING ALL OFFERS!! Looking for a new investment property, then here it is! This home features 3 bedrooms & 2 full bathrooms. Main level features large living room, dining room with hardwood flooring. The kitchen has been updated with tile flooring, painted cabinets & new hardware. Off the kitchen there is a full bathroom with shower & that connects to the laundry room. Upstairs features 3 bedrooms with hardwood floors that share a full hall bathroom with a tub/shower combo. Downstairs features unfinished basement with bonus storage space. Spacious backyard area outback. Only 6 minutes to access I-20/59 & just 12 mins to UAB & Downtown Birmingham. Property Sold As-Is.

16. 2026-04-08
    price $129,900 707-char remark

    Show marketing remark (707 chars)

    CALLING ALL OFFERS!! Looking for a new investment property, then here it is! This home features 3 bedrooms & 2 full bathrooms. Main level features large living room, dining room with hardwood flooring. The kitchen has been updated with tile flooring, painted cabinets & new hardware. Off the kitchen there is a full bathroom with shower & that connects to the laundry room. Upstairs features 3 bedrooms with hardwood floors that share a full hall bathroom with a tub/shower combo. Downstairs features unfinished basement with bonus storage space. Spacious backyard area outback. Only 6 minutes to access I-20/59 & just 12 mins to UAB & Downtown Birmingham. Property Sold As-Is.

17. 2026-03-17
    listed $139,900 Active 707-char remark

    Show marketing remark (707 chars)

    CALLING ALL OFFERS!! Looking for a new investment property, then here it is! This home features 3 bedrooms & 2 full bathrooms. Main level features large living room, dining room with hardwood flooring. The kitchen has been updated with tile flooring, painted cabinets & new hardware. Off the kitchen there is a full bathroom with shower & that connects to the laundry room. Upstairs features 3 bedrooms with hardwood floors that share a full hall bathroom with a tub/shower combo. Downstairs features unfinished basement with bonus storage space. Spacious backyard area outback. Only 6 minutes to access I-20/59 & just 12 mins to UAB & Downtown Birmingham. Property Sold As-Is.

18. 2011-08-15
    soldstatus $13,000
19. 2004-10-22
    soldstatus $77,900

ⓘ 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: $2,191 · $183/mo
• Projected year-2 tax: $2,191 · $183/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,604
• − Mortgage interest: −$4,985
• − Property taxes: −$2,191
• − Insurance: −$445
• − Repairs & maintenance: −$1,168
• − Management: −$1,168
• − Depreciation: −$2,589
• Taxable income: $2,057
• Est. tax owed @ 24.0%: −$494
• After-tax cash flow: $2,807/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: 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

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 County · 527,445 people
• City population: 210,422
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 13,412
• Household income: $38,561
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 573.0

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 (94%)
• Race & ethnicity: Black 94% White 4% Hispanic / Latino 2% Two or more races 1%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -33.99%
• Current HPI: 153.414
• Rent YoY: ▲ 7.24%
• 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

+14.2% since first listed

6 events — show timeline

• 2026-05-01 Price Changed $89,000 Greater Alabama MLS
• 2026-04-10 Price Changed $99,900 Greater Alabama MLS
• 2026-04-08 Price Changed $129,900 Greater Alabama MLS
• 2026-03-17 Listed $139,900 Greater Alabama MLS
• 2011-08-15 Sold (Public Records) $13,000 Public Records
• 2004-10-22 Sold (Public Records) $77,900 Public Records

Property tax history

+5.2%/yr

Latest (2025): $2,191 · +0.0% YoY. Source: county tax records.