3576 42nd Ave N · Birmingham, AL 35207

$39,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 214 Days on market

Built 1951 6,098 sqft lot $41/sqft · 23% below area Est $51k · 23% 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 +10.0/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.9/10.0

Listing remarks MLS

Great investment opportunity in the Harriman Park area of North Birmingham. This 3-bedroom, 1-bath home offers strong rental potential and sits on a level lot with easy access to downtown, schools, and major highways. With a little updating, this property could make an excellent addition to any investor’s portfolio. The home is connected to public sewer and offers solid value at an affordable entry point for the market.

Key facts

• Solid value
• Level lot
• 6,098 sq ft lot

Tags

• INVESTMENT OPPORTUNITY
• STRONG RENTAL POTENTIAL
• LEVEL LOT
• EASY ACCESS TO DOWNTOWN
• CONNECTED TO PUBLIC SEWER
• SOLID VALUE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $39k.

Deal economics

• At list price, monthly cash flow is $545 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $39k).
• Recommended offer: $34k (12.0% below list) — sets the bar for market timing.
• Cap rate 23.1% 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: 44 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% 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 $4k of equity ($270 loan paydown + $4k appreciation (10.0% 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 (10.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 214 days — a 12% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $34,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 214 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — 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: 2.64% ✓
• Cap rate: 23.05%
• Cash-on-cash: 59.86%
• DSCR: 3.66
• GRM: 3.2

CMA / ARV

• ARV (median comp): $50,966
• List price: $39,000
• Delta: -23.48%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3533 42nd Ave	0.09mi	3/1.0	1,008 (+5%)	20mo	$38,000	$38	70
3708 42nd Ave N	0.19mi	3/1.0	876 (-9%)	13mo	$54,900	$63	66
3716 44th Ave N	0.23mi	3/1.0	1,008 (+5%)	22mo	$50,000	$50	63
3459 35th Ave N	0.34mi	2/1.0 (-1)	864 (-10%)	1mo	$60,000	$69	62
3373 33rd Pl N	0.59mi	3/1.0	912 (-5%)	3mo	$55,000	$60	61
3148 34th Ter N	0.65mi	3/1.0	912 (-5%)	11mo	$100,000	$110	53
4316 Gadsden St	0.52mi	2/1.0 (-1)	1,048 (+9%)	5mo	$50,000	$48	52
3402 33rd Ct N	0.67mi	3/1.0	876 (-9%)	7mo	$63,000	$72	48
1316 Spring St	0.75mi	2/1.0 (-1)	920 (-4%)	8mo	$34,000	$37	46
3435 33rd Pl N	0.53mi	3/1.0	816 (-15%)	9mo	$75,000	$92	43
3811 40th Ave N	0.68mi	3/1.0	1,050 (+9%)	16mo	$75,000	$71	39

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 72.1%
• Equity multiple: 6.12×
• Total profit: $55,951
• Equity at exit: $35,134

10-year hold

• IRR: 65.9%
• Equity multiple: 13.59×
• Total profit: $137,514
• Equity at exit: $75,768

Cash invested: $10,920 (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 35207

• Home prices YoY: 18.7%
• Active inventory: 44
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,031 high
• Mortgage (P&I): −$205
• Tax est. 1.5%: −$49 /mo · $585/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $545

Break-even live

Break-even rent $341

Max offer price $39,000

Occupancy floor 42%

Sensitivity live

Price	-10% $572	-5% $558	+0% $545	+5% $531	+10% $518
Rent	-10% $463	-5% $504	+0% $545	+5% $585	+10% $626
Rate	-1.0pp $564	-0.5pp $555	base $545	+0.5pp $535	+1.0pp $524

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: $9,750
• Closing costs: $1,170
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3708 42nd Ave N Birmingham, AL	3.0	1.0	876	$950	$1.08	45d	1	0.21mi
3376 34th Ave N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	5d	1	0.52mi
4316 Gadsden St Birmingham, AL	2.0	1.0	1048	$1,100	$1.05	5d	1	0.54mi
3376 34th St N Birmingham, AL	3.0	1.0	928	$1,200	$1.29	13d	1	0.55mi
3376 34th St N Birmingham, AL	3.0	2.0	928	$1,200	$1.29	25d	1	0.55mi
3373 33rd Pl N Birmingham, AL	3.0	1.0	912	$1,150	$1.26	5d	1	0.58mi
4244 Jackson St Birmingham, AL	3.0	1.0	858	$1,100	$1.28	45d	1	0.73mi
1316 Spring St Birmingham, AL	2.0	1.0	920	$1,195	$1.30	5d	1	0.77mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$699	$1.12	4d	1	0.89mi
3944 40th St N Unit A Birmingham, AL	2.0	1.0	625	$675	$1.08	45d	1	0.89mi
4549 40th Pl N Birmingham, AL	2.0	1.0	728	$850	$1.17	45d	1	0.95mi
821 Overton Ave Unit B Birmingham, AL	2.0	1.0	650	$625	$0.96	45d	1	0.99mi
3016 33rd Ct N Birmingham, AL	3.0	1.0	1012	$1,100	$1.09	45d	1	1.01mi
4101 50th Ave N Unit B Birmingham, AL	2.0	1.0	850	$900	$1.06	45d	1	1.10mi
4220 40th Ct N Birmingham, AL	3.0	1.0	948	$1,200	$1.27	45d	1	1.20mi
4208 50th Ave N Birmingham, AL	3.0	1.0	1104	$1,200	$1.09	45d	1	1.23mi
4236 39th Ave N Birmingham, AL	3.0	2.0	1000	$1,195	$1.20	25d	1	1.26mi
4317 41st Ave N Birmingham, AL	3.0	1.0	864	$1,000	$1.16	45d	1	1.30mi
1224 Maple St Birmingham, AL	2.0	1.0	812	$690	$0.85	21d	1	1.32mi
2129 30th Pl N Birmingham, AL	3.0	1.0	1042	$1,000	$0.96	25d	1	1.34mi
1120 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	45d	1	1.39mi
1116 Hall St Birmingham, AL	2.0	1.0	887	$775	$0.87	45d	1	1.40mi
5025 43rd Pl N Birmingham, AL	4.0	2.0	1017	$1,300	$1.28	45d	1	1.41mi
1113 Elm Ave Unit c Birmingham, AL	2.0	1.0	800	$749	$0.94	45d	1	1.47mi

Listing history 15 events

1. 2026-06-21
   days on market $39,000 Active 214 DOM
2. 2026-06-18
   days on market $39,000 Active 211 DOM
3. 2026-06-17
   days on market $39,000 Active 210 DOM
4. 2026-06-16
   days on market $39,000 Active 209 DOM
5. 2026-06-15
   days on market $39,000 Active 208 DOM
6. 2026-06-13
   days on market $39,000 Active 206 DOM
7. 2026-06-10
   days on market $39,000 Active 203 DOM
8. 2026-06-09
   days on market $39,000 Active 202 DOM
9. 2026-06-08
   days on market $39,000 Active 201 DOM
10. 2026-06-07
    days on market $39,000 Active 200 DOM
11. 2026-06-03
    days on market $39,000 Active 196 DOM
12. 2026-06-02
    days on market $39,000 Active 195 DOM
13. 2026-06-01
    days on market $39,000 Active 194 DOM
14. 2026-05-31
    days on market $39,000 Active 193 DOM
15. 2025-11-19
    listed $39,000 Active 429-char remark

    Show marketing remark (429 chars)

    Great investment opportunity in the Harriman Park area of North Birmingham. This 3-bedroom, 1-bath home offers strong rental potential and sits on a level lot with easy access to downtown, schools, and major highways. With a little updating, this property could make an excellent addition to any investor’s portfolio. The home is connected to public sewer and offers solid value at an affordable entry point for the market.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 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: $12,369
• − Mortgage interest: −$2,185
• − Property taxes: −$585
• − Insurance: −$195
• − Repairs & maintenance: −$989
• − Management: −$989
• − Depreciation: −$1,135
• Taxable income: $6,291
• Est. tax owed @ 24.0%: −$1,510
• After-tax cash flow: $5,027/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
• City population: 210,422
• Population (ZIP): 6,824

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 (86%)
• Race & ethnicity: Black 86% White 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 1% Hispanic 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% French/Haitian/Cajun 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: ▲ 35.95%
• Current HPI: 228.5664
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2025-11-19 Listed $39,000 Greater Alabama MLS