4305 41st Ave N · Birmingham, AL 35217

$76,900

3 bd · 1.0 ba · 864 sqft · SingleFamily public records · 82 Days on market

Built 1958 7,405 sqft lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

SELLER IS READY TO SELL ALL REASONABLE OFFERS WILL BE CONSIDER!!!! This newly update home is complete with updated kitchen with subway tile backsplash, new hardwood like flooring throughout, freshly painted and best of all new roof!!! The backyard is fenced and large enough for all you outdoor gatherings! TURN KEY READY-- NO BLIND OFFERS.

Key facts

• Updated kitchen
• Fenced backyard
• New roof

Tags

• UPDATED KITCHEN
• SUBWAY TILE BACKSPLASH
• NEW ROOF
• FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $72k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.6% 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-, crime F, employment 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.
• Zoned schools: Inglenook School (math 2% / reading 8%, grade F, #618 of 627 statewide, top 100%, 333 students, 91% FRL); George Washington Carver High School (math 2% / reading 17%, grade F, #252 of 305 statewide, top 84%, 531 students, 87% FRL).
• Market conditions: Rents rising (+3.6%/yr); 94 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 33% 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 $532 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 $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $77k implies a 275% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1958 — 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 $72,286 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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: 1.43% ✓
• Cap rate: 11.59%
• Cash-on-cash: 18.92%
• DSCR: 1.84
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $50,112
• Comps found: 7

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4305 41st Ave N	0.00mi	3/1.0	864 (0%)	2mo	$66,000	$76	99
4317 N 41st Ave N	0.03mi	3/1.0	864 (0%)	14mo	$49,900	$58	87
4333 N 43rd Ave	0.10mi	2/1.0 (-1)	841 (-3%)	17mo	$50,000	$59	72
4125 43rd Ave N	0.25mi	2/1.0 (-1)	981 (+14%)	4mo	$28,000	$29	58
4541 40th Pl	0.54mi	3/1.0	860 (-0%)	24mo	$75,000	$87	54
3921 37th Ave N	0.56mi	2/1.0 (-1)	816 (-6%)	22mo	$32,000	$39	42
5021 43rd St N	0.74mi	2/1.0 (-1)	834 (-4%)	21mo	$40,000	$48	38

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: 11.4%
• Equity multiple: 1.46×
• Total profit: $9,824
• Equity at exit: $11,466

10-year hold

• IRR: 20.9%
• Equity multiple: 2.82×
• Total profit: $39,149
• Equity at exit: $6,649

Cash invested: $21,532 (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: 5.8×

Monthly cashflow live

• Estimated rent: $1,102 high
• Mortgage (P&I): −$403
• Tax est. 1.5%: −$96 /mo · $1,154/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$232
• Net cashflow: $339

Break-even live

Break-even rent $673

Max offer price $76,900

Occupancy floor 64%

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: $19,225
• Closing costs: $2,307
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	44d	1	0.04mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	44d	1	0.11mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	24d	1	0.19mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$675	$1.08	44d	1	0.42mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$699	$1.12	2d	1	0.42mi
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	44d	1	0.54mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	44d	1	0.59mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	44d	1	0.68mi
5025 43rd Pl N Birmingham, AL	4.0	2.0	1017	$1,300	$1.28	44d	1	0.71mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	44d	1	0.74mi
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	3d	1	0.75mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	3d	1	0.75mi
1045 Waverly St Birmingham, AL	3.0	1.0	1014	$1,000	$0.99	44d	1	0.77mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	19d	1	0.96mi
821 Overton Ave Unit B Birmingham, AL	2.0	1.0	650	$625	$0.96	44d	1	0.99mi
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	44d	1	1.07mi
1439 Sloan Ave Birmingham, AL	3.0	1.0	936	$900	$0.96	44d	1	1.09mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	44d	1	1.15mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	44d	1	1.16mi
1401 Wharton Ave Birmingham, AL	2.0	1.0	1104	$950	$0.86	19d	1	1.16mi
4513 13th Ave N Birmingham, AL	2.0	2.0	778	$1,175	$1.51	24d	1	1.17mi
1415 Virginia St Birmingham, AL	2.0	1.0	781	$650	$0.83	44d	1	1.19mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	44d	1	1.20mi
1137 Sloan Ave Birmingham, AL	2.0	1.0	750	$750	$1.00	14d	1	1.24mi
1217 43rd St N Birmingham, AL	2.0	1.0	750	$850	$1.13	44d	1	1.27mi
3376 34th Ave N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	3d	1	1.41mi
1117 42nd Pl N Birmingham, AL	3.0	1.0	1026	$900	$0.88	44d	1	1.42mi

Listing history 6 events

1. 2026-04-06
   status Pending
2. 2026-03-14
   price $76,900
3. 2026-03-07
   price $78,900
4. 2026-02-18
   price $85,000
5. 2026-01-14
   listed $87,900 Active
6. 1977-07-25
   soldstatus $20,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% 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 5/10 Major 9 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,229
• − Mortgage interest: −$4,308
• − Property taxes: −$1,154
• − Insurance: −$384
• − Repairs & maintenance: −$1,058
• − Management: −$1,058
• − Depreciation: −$2,237
• Taxable income: $3,030
• Est. tax owed @ 24.0%: −$727
• After-tax cash flow: $3,347/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): 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

+275.1% since first listed

6 events — show timeline

• 2026-04-06 Pending — Greater Alabama MLS
• 2026-03-14 Price Changed $76,900 Greater Alabama MLS
• 2026-03-07 Price Changed $78,900 Greater Alabama MLS
• 2026-02-18 Price Changed $85,000 Greater Alabama MLS
• 2026-01-14 Listed $87,900 Greater Alabama MLS
• 1977-07-25 Sold (Public Records) $20,500 Public Records