901 Bain Ave · Attalla, AL 35954

$68,000

2 bd · 1.0 ba · 1,075 sqft · SingleFamily public records · 30 Days on market

Built 1940 0.32 ac lot $63/sqft · 6% below area Est $74k · 9% under ↓ 43% since listing

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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 +25.6/30.0
• ARV discount +11.4/15.0
• DSCR +8.5/10.0
• 1% rule +6.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attalla- This home features 2 bedrooms, 1 bath, U shaped kitchen, good size laundry, detached garage and carports with tons of paved parking.

Key facts

• U shaped kitchen
• Good size laundry
• Carports

Tags

• U SHAPED KITCHEN
• GOOD SIZE LAUNDRY
• DETACHED GARAGE
• CARPORTS
• TONS OF PAVED PARKING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $161 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($750 rent vs $68k).
• Recommended offer: $67k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 4.2% in Attalla — 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 60/100 on livability (#305 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, schools D-, crime F.
• Attalla City (suburban): math 9% / reading 39% proficiency, ranked #98 of 129 in AL (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 66 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 119 units permitted in Etowah County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $470 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Etowah County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($67k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y 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

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 25% 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 $66,980 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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 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?
4. 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?
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: 1.10% ✓
• Cap rate: 9.14%
• Cash-on-cash: 10.16%
• DSCR: 1.45
• GRM: 7.6

CMA / ARV

• ARV (median comp): $74,407
• List price: $68,000
• Delta: -8.61%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3600 Madison Ave	0.18mi	2/1.0	1,208 (+12%)	1mo	$45,000	$37	70
317 Grady St	0.49mi	3/1.0 (+1)	1,050 (-2%)	4mo	$30,000	$29	66
3806 Madison Ave	0.09mi	2/1.5	1,200 (+12%)	16mo	$107,000	$89	61
507 Bryan St	0.59mi	2/1.5	1,095 (+2%)	10mo	$36,000	$33	59
414 Madison Cir	0.26mi	2/1.0	915 (-15%)	14mo	$58,000	$63	52
3817 W Meighan Blvd	0.49mi	3/1.0 (+1)	1,012 (-6%)	20mo	$43,500	$43	45
304 Chestnut St	0.63mi	3/1.5 (+1)	1,176 (+9%)	19mo	$72,500	$62	32
3604 W Meighan Blvd	0.68mi	3/1.0 (+1)	1,184 (+10%)	21mo	$110,000	$93	29
3602 W Meighan Blvd	0.69mi	3/2.0 (+1)	1,200 (+12%)	22mo	$104,000	$87	21

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: -1.1%
• Equity multiple: 0.96×
• Total profit: $-765
• Equity at exit: $10,139

10-year hold

• IRR: 8.6%
• Equity multiple: 1.66×
• Total profit: $12,503
• Equity at exit: $5,879

Cash invested: $19,040 (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 35954

• Home prices YoY: -7.8%
• Active inventory: 66
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $750 medium
• Mortgage (P&I): −$357
• Tax from tax record: −$46 /mo · $556/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$158
• Net cashflow: $161

Break-even live

Break-even rent $546

Max offer price $68,000

Occupancy floor 74%

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
504 Pearl St Gadsden, AL	2.0	1.0	903	$750	$0.83	44d	1	0.85mi

Listing history 9 events

1. 2026-05-14
   status Active 142-char remark

   Show marketing remark (142 chars)

   Attalla- This home features 2 bedrooms, 1 bath, U shaped kitchen, good size laundry, detached garage and carports with tons of paved parking.

2. 2026-05-08
   status Pending 142-char remark

   Show marketing remark (142 chars)

   Attalla- This home features 2 bedrooms, 1 bath, U shaped kitchen, good size laundry, detached garage and carports with tons of paved parking.

3. 2026-04-15
   listed $68,000 Active 142-char remark

   Show marketing remark (142 chars)

   Attalla- This home features 2 bedrooms, 1 bath, U shaped kitchen, good size laundry, detached garage and carports with tons of paved parking.

4. 2021-12-31
   soldstatus $82,599 Sold 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

5. 2021-11-22
   historical Contingent 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

6. 2021-11-01
   price $79,999 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

7. 2021-09-29
   price $99,900 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

8. 2021-09-01
   price $109,900 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

9. 2021-08-08
   listed $119,900 Active 408-char remark

   Show marketing remark (408 chars)

   Adorable 2 BR FULL BRICK bungalow on a huge corner lot! Freshly painted throughout w/ new wood laminate flooring, welcoming front porch, metal roof, central heat and air, large "easy entry" shower, spacious laundry room, attached two car carport, detached 2 bay garage/workshop and an additional two car carport! Tons of paved area in the back. Beautiful shade trees on a nice level lot. $79,999

ⓘ 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: $556 · $46/mo
• Projected year-2 tax: $556 · $46/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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,000
• − Mortgage interest: −$3,809
• − Property taxes: −$556
• − Insurance: −$340
• − Repairs & maintenance: −$720
• − Management: −$720
• − Depreciation: −$1,978
• Taxable income: $876
• Est. tax owed @ 24.0%: −$210
• After-tax cash flow: $1,724/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: Attalla City
• NCES district ID: 0100180
• Math proficiency: 9% ▼ -31.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $35,739
• Composite: 19.74/100
• National rank: #8711
• State rank: #98 of 129 in AL

Livability — Attalla

• Score: 60/100
• State rank: #305
• US rank: #19263

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Attalla, AL
• Population (ZIP): 12,170

Population outlook (Etowah County) Hauer SSP2

• Today (2025): 100,500 people
• By 2030: 98,488 · -2.0%
• By 2040: 93,731 · -6.7%
• By 2050: 88,681 · -11.8%
• By 2075: 76,746 · -23.6%
• By 2100: 65,373 · -35.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 7% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 1% Iranian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3% French/Haitian/Cajun 1%

Political lean MEDSL · Etowah

• 2024 margin: Solid R (+55.7) · D 21.8% · R 77.5%
• 2008→2024 swing: -17.5pp toward R · 2008: -38.2pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+50.2 2016: R+50.1 2012: R+38.4 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.42%
• Current HPI: 253.7203
• 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

-43.3% since first listed

9 events — show timeline

• 2026-05-14 Relisted — VMLS
• 2026-05-08 Pending — VMLS
• 2026-04-15 Listed $68,000 VMLS
• 2021-12-31 Sold (MLS) $82,599 VMLS
• 2021-11-22 Contingent — VMLS
• 2021-11-01 Price Changed $79,999 VMLS
• 2021-09-29 Price Changed $99,900 VMLS
• 2021-09-01 Price Changed $109,900 VMLS
• 2021-08-08 Listed $119,900 VMLS

Property tax history

+1.6%/yr

Latest (2025): $556 · +0.0% YoY. Source: county tax records.