414 S Market St · Scottsboro, AL 35768

$125,000

3 bd · 1.0 ba · 1,520 sqft · Townhouse public records · 579 Days on market

Built 1985 2,613 sqft lot $82/sqft · 37% below area Est $215k · 42% under ↓ 37% since listing

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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 +26.7/30.0
• ARV discount +15.0/15.0
• DSCR +9.2/10.0
• 1% rule +6.8/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

Key facts

• Finished third floor
• Fenced courtyard
• Built 1985

Tags

• FIREPLACE IN LIVING ROOM
• FINISHED THIRD FLOOR
• FENCED COURTYARD
• TWO COVERED PARKING SPACES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $125k.

Deal economics

• At list price, monthly cash flow is $340 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.6% vs local median 3.3% in Scottsboro — 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 74/100 on livability (#21 in AL, #4,752 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing B+; Watch: schools C-, employment D+, amenities D-.
• Scottsboro City (town): math 27% / reading 54% proficiency, ranked #27 of 129 in AL (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 78 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 46 units permitted in Jackson County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Jackson County population projected at -17% 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 $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 579 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago; this cycle's ask has dropped $75k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 579 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.18% ✓
• Cap rate: 9.56%
• Cash-on-cash: 11.65%
• DSCR: 1.52
• GRM: 7.1

CMA / ARV

• ARV (median comp): $214,926
• List price: $125,000
• Delta: -41.84%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Market St	0.00mi	2/2.5 (-1)	1,560 (+3%)	3mo	$178,000	$114	82
408 South Market St	0.01mi	2/2.5 (-1)	1,524 (+0%)	23mo	$229,000	$150	69

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: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,385
• Equity at exit: $18,638

10-year hold

• IRR: 10.7%
• Equity multiple: 1.83×
• Total profit: $29,059
• Equity at exit: $10,808

Cash invested: $35,000 (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 35768

• Home prices YoY: -16.1%
• Active inventory: 78
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,469 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$113 /mo · $1,357/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$308
• Net cashflow: $340

Break-even live

Break-even rent $1,039

Max offer price $125,000

Occupancy floor 72%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
208 Meadow St Unit B Scottsboro, AL	3.0	2.0	1100	$1,350	$1.23	14d	1	0.36mi
902 Sisk St Scottsboro, AL	4.0	2.0	1400	$1,600	$1.14	14d	1	0.68mi
314 Beverly St Scottsboro, AL	3.0	2.0	1247	$1,550	$1.24	14d	1	1.07mi

Listing history 9 events

1. 2026-05-02
   status Pending 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

2. 2026-01-27
   price $125,000 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

3. 2026-01-06
   price $139,900 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

4. 2025-09-14
   status Active 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

5. 2025-07-30
   price $159,900 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

6. 2025-05-12
   price $179,900 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

7. 2025-03-03
   status Active 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

8. 2025-03-03
   price $189,900 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

9. 2024-08-19
   listed $199,900 Active 571-char remark

   Show marketing remark (571 chars)

   Here's your chance to own a 3 Bedroom/ 2.5 Bath condo just steps from the downtown square in Scottsboro. Living room with fireplace, kitchen, dining room and half bath on the first floor. Two large bedrooms , both with en suite full bathrooms on the second floor. Master has dressing area and walk-in closet. Finished third floor which could be a third bedroom. Fenced courtyard and two covered parking spaces in rear. These condos are independently owned and maintained, inside and out so there's no HOA fees! This condo is ready for you to move in and make it your own.

ⓘ 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: $1,357 · $113/mo
• Projected year-2 tax: $1,357 · $113/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 · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $17,628
• − Mortgage interest: −$7,002
• − Property taxes: −$1,357
• − Insurance: −$625
• − Repairs & maintenance: −$1,410
• − Management: −$1,410
• − Depreciation: −$3,636
• Taxable income: $2,187
• Est. tax owed @ 24.0%: −$525
• After-tax cash flow: $3,553/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: Scottsboro City
• NCES district ID: 0102940
• Math proficiency: 27% ▼ -26.00%
• Reading proficiency: 54% ▼ -3.00%
• Median HH income: $38,210
• Composite: 33.67/100
• National rank: #5388
• State rank: #27 of 129 in AL

Livability — Scottsboro

• Score: 74/100
• State rank: #21
• US rank: #4752

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Scottsboro, AL
• Population (ZIP): 12,394

Population outlook (Jackson County) Hauer SSP2

• Today (2025): 50,261 people
• By 2030: 48,655 · -3.2%
• By 2040: 45,119 · -10.2%
• By 2050: 41,518 · -17.4%
• By 2075: 33,507 · -33.3%
• By 2100: 26,385 · -47.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 5% Hispanic / Latino 4% Black 3% Native American 1%
• Common ancestry: Serbian 2% Slovak 1% Iranian 1%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 3% Vietnamese 1%

Political lean MEDSL · Jackson

• 2024 margin: Solid R (+71.4) · D 13.9% · R 85.4%
• 2008→2024 swing: -34.5pp toward R · 2008: -36.9pp · 2024: -71.4pp
• All cycles: 2024: R+71.4 2020: R+67.5 2016: R+62.5 2012: R+41.9 2008: R+36.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.15%
• Current HPI: 193.1223
• 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

-37.5% since first listed

9 events — show timeline

• 2026-05-02 Pending — VMLS
• 2026-01-27 Price Changed $125,000 VMLS
• 2026-01-06 Price Changed $139,900 VMLS
• 2025-09-14 Relisted — VMLS
• 2025-07-30 Price Changed $159,900 VMLS
• 2025-05-12 Price Changed $179,900 VMLS
• 2025-03-03 Relisted — VMLS
• 2025-03-03 Price Changed $189,900 VMLS
• 2024-08-19 Listed $199,900 VMLS

Property tax history

+3.0%/yr

Latest (2025): $1,357 · +7.0% YoY. Source: county tax records.