1717 Kathy Ln · Fultondale, AL 35068

$132,000

3 bd · 2.0 ba · 1,138 sqft · SingleFamily public records · 18 Days on market

Built 1976 0.29 ac lot $116/sqft · 36% below area Est $214k · 38% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Conveniently located to shopping, schools, and the interstate, this 3- bedroom, 2-full bathroom home has a fenced back yard, some mature hardwood trees, wooded privacy, covered parking and more. Inside, the rooms are ample-sized with a cathedral/vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat-in kitchen with stainless appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Right of redemption may apply. Case 013-003783. Property is Owned by the US Dept. of HUD. Insurability is "IE", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Lead-based paint notices to be included in the contract. Contact your agent today to schedule a showing.

Key facts

• Fenced back yard
• Wooded privacy
• Covered parking

Tags

• FENCED BACK YARD
• MATURE HARDWOOD TREES
• WOODED PRIVACY
• COVERED PARKING
• BRICK FIREPLACE
• EAT-IN KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $647 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $132k).
• Recommended offer: $130k (1.5% below list) — sets the bar for market timing.
• Cap rate 12.2% vs local median 4.7% in Fultondale — 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 69/100 on livability (#51 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime D+, schools F, amenities F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 105 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).
• This rent runs 30% of the median local income ($74k/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 $913 of loan paydown is wiped out by about $4k 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 $37k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y 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.

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 $130,020 (1.5% below list)

Questions for the listing agent

1. Built in 1976 — 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. 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?
5. 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.
6. 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.
7. 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: 1.40% ✓
• Cap rate: 12.18%
• Cash-on-cash: 21.01%
• DSCR: 1.93
• GRM: 5.9

CMA / ARV

• ARV (median comp): $214,492
• List price: $132,000
• Delta: -38.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1705 Kathy Ln	0.05mi	3/2.0	1,248 (+10%)	8mo	$214,000	$171	74
1628 Pinewood Ln	0.20mi	3/2.0	1,177 (+3%)	16mo	$188,500	$160	71
2901 Walker St	0.29mi	3/2.0	1,200 (+5%)	15mo	$210,000	$175	65
2809 Walker St	0.33mi	3/2.0	1,089 (-4%)	24mo	$179,900	$165	58
2610 Walker Chapel Rd	0.41mi	2/1.0 (-1)	1,020 (-10%)	7mo	$145,000	$142	48
908 Kathy Ln	0.60mi	2/2.0 (-1)	1,200 (+5%)	13mo	$210,000	$175	47
3705 Hightower Ave	0.60mi	3/1.0	1,024 (-10%)	8mo	$172,000	$168	44
3596 Mary Ln	0.55mi	3/2.0	1,304 (+15%)	18mo	$215,000	$165	35

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: 13.4%
• Equity multiple: 1.54×
• Total profit: $19,788
• Equity at exit: $19,682

10-year hold

• IRR: 22.2%
• Equity multiple: 2.90×
• Total profit: $70,164
• Equity at exit: $11,413

Cash invested: $36,960 (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 35068

• Home prices YoY: -9.4%
• Active inventory: 105
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,850 medium
• Mortgage (P&I): −$692
• Tax from tax record: −$67 /mo · $802/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$388
• Net cashflow: $647

Break-even live

Break-even rent $1,030

Max offer price $132,000

Occupancy floor 60%

Sensitivity live

Price	-10% $722	-5% $684	+0% $647	+5% $610	+10% $572
Rent	-10% $501	-5% $574	+0% $647	+5% $720	+10% $793
Rate	-1.0pp $714	-0.5pp $681	base $647	+0.5pp $613	+1.0pp $578

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: $33,000
• Closing costs: $3,960
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
383 W Park Dr Fultondale, AL	3.0	2.0	1450	$1,786	$1.23	2d	1	0.82mi
3143 Enclave Ln Fultondale, AL	3.0	2.0	1424	$1,950	$1.37	19d	1	0.93mi
2931 Summit Dr Fultondale, AL	3.0	2.0	1327	$1,900	$1.43	2d	1	0.99mi

Listing history 22 events

1. 2026-05-12
   status Pending 1019-char remark

   Show marketing remark (1019 chars)

   Conveniently located to shopping, schools, and the interstate, this 3- bedroom, 2-full bathroom home has a fenced back yard, some mature hardwood trees, wooded privacy, covered parking and more. Inside, the rooms are ample-sized with a cathedral/vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat-in kitchen with stainless appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Right of redemption may apply. Case 013-003783. Property is Owned by the US Dept. of HUD. Insurability is "IE", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Lead-based paint notices to be included in the contract. Contact your agent today to schedule a showing.

2. 2026-05-06
   status Active 1019-char remark

   Show marketing remark (1019 chars)

   Conveniently located to shopping, schools, and the interstate, this 3- bedroom, 2-full bathroom home has a fenced back yard, some mature hardwood trees, wooded privacy, covered parking and more. Inside, the rooms are ample-sized with a cathedral/vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat-in kitchen with stainless appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Right of redemption may apply. Case 013-003783. Property is Owned by the US Dept. of HUD. Insurability is "IE", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Lead-based paint notices to be included in the contract. Contact your agent today to schedule a showing.

3. 2026-04-27
   status Pending 1019-char remark

   Show marketing remark (1019 chars)

   Conveniently located to shopping, schools, and the interstate, this 3- bedroom, 2-full bathroom home has a fenced back yard, some mature hardwood trees, wooded privacy, covered parking and more. Inside, the rooms are ample-sized with a cathedral/vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat-in kitchen with stainless appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Right of redemption may apply. Case 013-003783. Property is Owned by the US Dept. of HUD. Insurability is "IE", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Lead-based paint notices to be included in the contract. Contact your agent today to schedule a showing.

4. 2026-04-16
   listed $132,000 Active 1019-char remark

   Show marketing remark (1019 chars)

   Conveniently located to shopping, schools, and the interstate, this 3- bedroom, 2-full bathroom home has a fenced back yard, some mature hardwood trees, wooded privacy, covered parking and more. Inside, the rooms are ample-sized with a cathedral/vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat-in kitchen with stainless appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Right of redemption may apply. Case 013-003783. Property is Owned by the US Dept. of HUD. Insurability is "IE", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing costs, upon buyer request. Lead-based paint notices to be included in the contract. Contact your agent today to schedule a showing.

5. 2022-06-14
   soldstatus $180,000
6. 2022-05-02
   soldstatus $180,000 Sold 403-char remark

   Show marketing remark (403 chars)

   This is a must see move in ready 3 bedroom, 2 bath home. Cathedral/Vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat in kitchen with S/S appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Reserve your time today to view this wonderful home.

7. 2022-04-12
   status Pending 403-char remark

   Show marketing remark (403 chars)

   This is a must see move in ready 3 bedroom, 2 bath home. Cathedral/Vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat in kitchen with S/S appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Reserve your time today to view this wonderful home.

8. 2022-04-07
   listed $165,000 Active 403-char remark

   Show marketing remark (403 chars)

   This is a must see move in ready 3 bedroom, 2 bath home. Cathedral/Vaulted ceiling with wood faux beams. Open living area featuring brick fireplace and eat in kitchen with S/S appliances. Large and flat fenced in back yard perfect for playing and relaxing on open sun deck. Complete with one covered carport with additional parking on concrete drive. Reserve your time today to view this wonderful home.

9. 2020-02-21
   soldstatus $129,400
10. 2020-02-20
    soldstatus $129,900 Sold
11. 2020-01-16
    historical Contingent
12. 2020-01-06
    listed $129,900 Active
13. 2013-08-26
    soldstatus $110,000
14. 2013-06-25
    listed $109,900
15. 2013-01-29
    soldstatus $54,505
16. 2012-08-21
    listed $68,310
17. 2012-07-19
    soldstatus $144,322
18. 2005-01-12
    soldstatus $98,000
19. 2003-04-09
    soldstatus $70,000
20. 2002-05-20
    soldstatus $76,000
21. 1998-12-15
    soldstatus $81,000
22. 1995-03-16
    soldstatus $32,175

ⓘ 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: $802 · $67/mo
• Projected year-2 tax: $802 · $67/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $22,194
• − Mortgage interest: −$7,394
• − Property taxes: −$802
• − Insurance: −$660
• − Repairs & maintenance: −$1,776
• − Management: −$1,776
• − Depreciation: −$3,840
• Taxable income: $5,947
• Est. tax owed @ 24.0%: −$1,427
• After-tax cash flow: $6,337/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Fultondale

• Score: 69/100
• State rank: #51
• US rank: #8334

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fultondale, AL
• County: Jefferson County · 527,445 people
• City population: 8,378
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 8,378
• Household income: $73,750
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 302.0

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: White 49% Black 43% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Serbian 1% Iranian 1% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5%

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: ▼ -23.34%
• Current HPI: 224.4813
• 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

+310.3% since first listed

22 events — show timeline

• 2026-05-12 Pending — Greater Alabama MLS
• 2026-05-06 Relisted — Greater Alabama MLS
• 2026-04-27 Pending — Greater Alabama MLS
• 2026-04-16 Listed $132,000 Greater Alabama MLS
• 2022-06-14 Sold (Public Records) $180,000 Public Records
• 2022-05-02 Sold (MLS) $180,000 Greater Alabama MLS
• 2022-04-12 Pending — Greater Alabama MLS
• 2022-04-07 Listed $165,000 Greater Alabama MLS
• 2020-02-21 Sold (Public Records) $129,400 Public Records
• 2020-02-20 Sold (MLS) $129,900 Greater Alabama MLS
• 2020-01-16 Contingent — Greater Alabama MLS
• 2020-01-06 Listed $129,900 Greater Alabama MLS
• 2013-08-26 Sold (MLS) $110,000 Greater Alabama MLS
• 2013-06-25 Listed $109,900 Greater Alabama MLS
• 2013-01-29 Sold (MLS) $54,505 Greater Alabama MLS
• 2012-08-21 Listed $68,310 Greater Alabama MLS
• 2012-07-19 Sold (Public Records) $144,322 Public Records
• 2005-01-12 Sold (Public Records) $98,000 Public Records
• 2003-04-09 Sold (Public Records) $70,000 Public Records
• 2002-05-20 Sold (Public Records) $76,000 Public Records
• 1998-12-15 Sold (Public Records) $81,000 Public Records
• 1995-03-16 Sold (Public Records) $32,175 Public Records

Property tax history

-1.5%/yr

Latest (2025): $802 · +0.3% YoY. Source: county tax records.