80 Nashua Cir · Cordova, AL 35550

$30,000

2 bd · 1.0 ba · 697 sqft · SingleFamily public records · 158 Days on market

Built 1905 4,356 sqft lot $43/sqft · 39% below area Est $49k · 39% 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 +6.6/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Fantastic Fixer-Upper Opportunity Attention investors and handy homeowners! Here's your chance to transform this property home into your dream haven. This property presents an incredible rehab opportunity, offering a blank canvas for your creative vision. With some TLC and a little elbow grease, this hidden gem has the potential to become a charming and cozy residence. Situated on a spacious lot in a quiet neighborhood, this home is priced to sell. View Cordova, AL comps for yourself! The current layout features 2 rooms and 1 bath, offering a comfortable living space. The kitchen, although in need of renovation, provides the opportunity to customize and create your ideal culinary space. While this property requires some work, it offers several advantages. Front and backyard gardening. The neighborhood is conveniently located near schools, and other amenities. 20 minutes from Birmingham and a short drive to Huntsville or Atlanta. Whether you're an investor looking for a profitable project or a homeowner seeking a budget-friendly opportunity, this fixer-upper is well worth your consideration. Take advantage and make a mark on this property. You can transform this diamond in the rough into a true masterpiece. Don't miss out on this exciting rehab venture.

Key facts

• Spacious lot
• Kitchen renovation
• Quiet neighborhood

Tags

• SPACIOUS LOT
• QUIET NEIGHBORHOOD
• KITCHEN RENOVATION
• FRONT AND BACKYARD GARDENING
• 20 MINUTES FROM BIRMINGHAM
• SHORT DRIVE TO HUNTSVILLE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $650 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $26k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#441 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools D-, crime F, amenities F.
• Walker County (rural): math 13% / reading 39% proficiency, ranked #89 of 129 in AL (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 27 active listings in the ZIP; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($207 loan paydown + $970 appreciation (3.2% local appreciation)).
• Walker County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.2% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 158 days — a 12% lower offer ($26k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1905 — 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 $26,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 158 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 1905 — 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 D-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: 3.49% ✓
• Cap rate: 32.29%
• Cash-on-cash: 92.86%
• DSCR: 5.13
• GRM: 2.4

CMA / ARV

• ARV (median comp): $49,335
• List price: $30,000
• Delta: -39.19%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

3.23% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 97.2%
• Equity multiple: 6.40×
• Total profit: $45,386
• Equity at exit: $13,888

10-year hold

• IRR: 96.7%
• Equity multiple: 13.27×
• Total profit: $103,090
• Equity at exit: $21,718

Cash invested: $8,400 (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 35550

• Home prices YoY: 2.5%
• Active inventory: 27
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,048 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$8 /mo · $94/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $650

Break-even live

Break-even rent $225

Max offer price $30,000

Occupancy floor 33%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-03
   days on market $30,000 Active 158 DOM
2. 2026-06-03
   days on market $30,000 Active 157 DOM
3. 2026-06-01
   days on market $30,000 Active 156 DOM
4. 2026-05-31
   days on market $30,000 Active 155 DOM
5. 2025-12-27
   listed $30,000 Active 1275-char remark

   Show marketing remark (1275 chars)

   Fantastic Fixer-Upper Opportunity Attention investors and handy homeowners! Here's your chance to transform this property home into your dream haven. This property presents an incredible rehab opportunity, offering a blank canvas for your creative vision. With some TLC and a little elbow grease, this hidden gem has the potential to become a charming and cozy residence. Situated on a spacious lot in a quiet neighborhood, this home is priced to sell. View Cordova, AL comps for yourself! The current layout features 2 rooms and 1 bath, offering a comfortable living space. The kitchen, although in need of renovation, provides the opportunity to customize and create your ideal culinary space. While this property requires some work, it offers several advantages. Front and backyard gardening. The neighborhood is conveniently located near schools, and other amenities. 20 minutes from Birmingham and a short drive to Huntsville or Atlanta. Whether you're an investor looking for a profitable project or a homeowner seeking a budget-friendly opportunity, this fixer-upper is well worth your consideration. Take advantage and make a mark on this property. You can transform this diamond in the rough into a true masterpiece. Don't miss out on this exciting rehab venture.

ⓘ 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: $94 · $8/mo
• Projected year-2 tax: $123 · $10/mo
• Expected delta: +$29/yr (+$2/mo · 30.3%)

ⓘ 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 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,573
• − Mortgage interest: −$1,680
• − Property taxes: −$94
• − Insurance: −$150
• − Repairs & maintenance: −$1,006
• − Management: −$1,006
• − Depreciation: −$873
• Taxable income: $7,763
• Est. tax owed @ 24.0%: −$1,863
• After-tax cash flow: $5,937/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: Walker County
• NCES district ID: 0103450
• Math proficiency: 13% ▼ -28.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $36,664
• Composite: 21.51/100
• National rank: #8321
• State rank: #89 of 129 in AL

Livability — Cordova

• Score: 55/100
• State rank: #441
• US rank: #23435

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cordova, AL
• Population (ZIP): 5,053

Population outlook (Walker County) Hauer SSP2

• Today (2025): 61,037 people
• By 2030: 58,391 · -4.3%
• By 2040: 53,080 · -13.0%
• By 2050: 48,031 · -21.3%
• By 2075: 37,799 · -38.1%
• By 2100: 29,001 · -52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 8% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+71.8) · D 13.8% · R 85.6%
• 2008→2024 swing: -25.4pp toward R · 2008: -46.4pp · 2024: -71.8pp
• All cycles: 2024: R+71.8 2020: R+67.9 2016: R+67.4 2012: R+52.9 2008: R+46.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.23%
• Current HPI: 134.7822
• 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

• 2025-12-27 Listed $30,000 ForSaleByOwner.com

Property tax history

+2.5%/yr

Latest (2024): $94 · +0.0% YoY. Source: county tax records.