120 Elizabeth Ave · Talladega, AL 35160

$94,900

2 bd · 1.0 ba · 844 sqft · SingleFamily public records · 322 Days on market

Built 1942 8,276 sqft lot $112/sqft · at area comps Est $98k · at est.

---

Why this score? — see what drove the C+ 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 +28.3/30.0
• DSCR +10.0/10.0
• ARV discount +9.1/15.0
• 1% rule +6.6/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

Key facts

• Mature landscaping
• Fenced backyard
• 8,276 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• LUXURY VINYL PLANK FLOORING
• FENCED BACKYARD
• MATURE LANDSCAPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $306 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $84k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 4.8% in Talladega — 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 59/100 on livability (#327 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A, health & safety A-; Watch: schools F, crime F, amenities F.
• Talladega City (rural): math 7% / reading 25% proficiency, ranked #114 of 129 in AL (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 170 active listings in the ZIP; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $656 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Talladega County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 322 days — a 12% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $15k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $83,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 322 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 1942 — 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: 1.16% ✓
• Cap rate: 10.16%
• Cash-on-cash: 13.80%
• DSCR: 1.61
• GRM: 7.2

CMA / ARV

• ARV (median comp): $98,376
• List price: $94,900
• Delta: -3.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
115 Elizabeth Ave	0.04mi	2/1.0	909 (+8%)	1mo	$86,000	$95	85
308 Lancaster St E	0.14mi	3/1.0 (+1)	905 (+7%)	8mo	$121,000	$134	70
109 Clairmont Dr	0.46mi	2/1.0	962 (+14%)	1mo	$125,500	$130	55
412 S West St	0.69mi	2/1.0	727 (-14%)	4mo	$108,500	$149	41

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: 3.9%
• Equity multiple: 1.15×
• Total profit: $4,044
• Equity at exit: $14,150

10-year hold

• IRR: 13.4%
• Equity multiple: 2.07×
• Total profit: $28,423
• Equity at exit: $8,205

Cash invested: $26,572 (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 35160

• Home prices YoY: -26.9%
• Active inventory: 170
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,102 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$28 /mo · $335/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $306

Break-even live

Break-even rent $715

Max offer price $94,900

Occupancy floor 67%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-19
   days on market $94,900 Active 322 DOM
2. 2026-06-18
   days on market $94,900 Active 321 DOM
3. 2026-06-17
   days on market $94,900 Active 320 DOM
4. 2026-06-16
   days on market $94,900 Active 319 DOM
5. 2026-06-15
   days on market $94,900 Active 318 DOM
6. 2026-06-14
   days on market $94,900 Active 316 DOM
7. 2026-06-12
   days on market $94,900 Active 315 DOM
8. 2026-06-09
   days on market $94,900 Active 312 DOM
9. 2026-06-08
   days on market $94,900 Active 311 DOM
10. 2026-06-07
    days on market $94,900 Active 310 DOM
11. 2026-06-04
    days on market $94,900 Active 306 DOM
12. 2026-06-02
    days on market $94,900 Active 305 DOM
13. 2026-06-01
    days on market $94,900 Active 304 DOM
14. 2026-05-31
    days on market $94,900 Active 303 DOM
15. 2026-05-31
    days on market $94,900 Active 302 DOM
16. 2026-05-14
    status Active 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

17. 2026-05-08
    historical Contingent 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

18. 2026-04-11
    price $94,900 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

19. 2026-03-12
    price $99,500 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

20. 2026-01-06
    price $101,000 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

21. 2026-01-05
    status Active 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

22. 2025-11-21
    historical 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

23. 2025-07-15
    price $104,900 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

24. 2025-06-17
    listed $110,000 Active 663-char remark

    Show marketing remark (663 chars)

    Back on the Market with Improved Pricing! This charming 2-bedroom, 1-bathroom home blends classic character with modern updates. Located on a quiet street, it's less than 1 mile from the Alabama Institute for Deaf and Blind and under 2 miles from downtown Talladega. Features include beautiful original hardwood floors in main living areas, brand-new luxury vinyl plank flooring in select rooms, spacious bedrooms with ample natural light, and an updated bathroom with modern fixtures. The fully fenced backyard offers privacy and security—perfect for pets, children, or gardening. Mature landscaping adds charm and curb appeal. Don't miss this opportunity!

25. 2023-11-21
    soldstatus $84,900
26. 2023-11-16
    soldstatus $84,900 Sold 126-char remark

    Show marketing remark (126 chars)

    Beautiful 2 bedroom, 1 bath home recently remodeled. Concrete Drive with parking area behind house. Front porch. Close to town

27. 2023-10-20
    status Pending 126-char remark

    Show marketing remark (126 chars)

    Beautiful 2 bedroom, 1 bath home recently remodeled. Concrete Drive with parking area behind house. Front porch. Close to town

28. 2023-10-10
    price $84,900 126-char remark

    Show marketing remark (126 chars)

    Beautiful 2 bedroom, 1 bath home recently remodeled. Concrete Drive with parking area behind house. Front porch. Close to town

29. 2023-08-17
    listed $89,900 Active 126-char remark

    Show marketing remark (126 chars)

    Beautiful 2 bedroom, 1 bath home recently remodeled. Concrete Drive with parking area behind house. Front porch. Close to town

ⓘ 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: $335 · $28/mo
• Projected year-2 tax: $389 · $32/mo
• Expected delta: +$54/yr (+$5/mo · 16.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,226
• − Mortgage interest: −$5,316
• − Property taxes: −$335
• − Insurance: −$474
• − Repairs & maintenance: −$1,058
• − Management: −$1,058
• − Depreciation: −$2,761
• Taxable income: $2,223
• Est. tax owed @ 24.0%: −$534
• After-tax cash flow: $3,133/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: Talladega City
• NCES district ID: 0103150
• Math proficiency: 7% ▼ -19.00%
• Reading proficiency: 25% ▼ -4.00%
• Median HH income: $30,107
• Composite: 12.63/100
• National rank: #9610
• State rank: #114 of 129 in AL

Livability — Talladega

• Score: 59/100
• State rank: #327
• US rank: #19965

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Talladega, AL
• Population (ZIP): 26,177

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 49% Black 43% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.24%
• Current HPI: 190.5904
• 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

+5.6% since first listed

14 events — show timeline

• 2026-05-14 Relisted — Greater Alabama MLS
• 2026-05-08 Contingent — Greater Alabama MLS
• 2026-04-11 Price Changed $94,900 Greater Alabama MLS
• 2026-03-12 Price Changed $99,500 Greater Alabama MLS
• 2026-01-06 Price Changed $101,000 Greater Alabama MLS
• 2026-01-05 Relisted — Greater Alabama MLS
• 2025-11-21 Delisted — Greater Alabama MLS
• 2025-07-15 Price Changed $104,900 Greater Alabama MLS
• 2025-06-17 Listed $110,000 Greater Alabama MLS
• 2023-11-21 Sold (Public Records) $84,900 Public Records
• 2023-11-16 Sold (MLS) $84,900 Greater Alabama MLS
• 2023-10-20 Pending — Greater Alabama MLS
• 2023-10-10 Price Changed $84,900 Greater Alabama MLS
• 2023-08-17 Listed $89,900 Greater Alabama MLS

Property tax history

+11.3%/yr

Latest (2025): $335 · -4.8% YoY. Source: county tax records.