303 Baltimore Ave · Albertville, AL 35950

$176,700

3 bd · 2.0 ba · 1,803 sqft · SingleFamily public records · 64 Days on market

Built 1947 0.26 ac lot $98/sqft · 17% below area Est $213k · 17% under

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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 +17.4/30.0
• ARV discount +15.0/15.0
• DSCR +5.4/10.0
• 1% rule +3.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 1.0 story home in the heart of Albertville! This 3 bedroom, 2.0 bath property offers great charm and plenty of character throughout. Featuring entry foyer, original hardwood floors, spacious living areas, . Conveniently located within Albertville city limits and close to schools, shopping, and dining. Don’t miss this opportunity to add your personal touch to a home with so much promise!

Key facts

• Entry foyer
• Conveniently located
• 0.26 acre lot

Tags

• ENTRY FOYER
• ORIGINAL HARDWOOD FLOORS
• SPACIOUS LIVING AREAS
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $177k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (16.5% below list).
• Recommended offer: $148k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 2.6% in Albertville — 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 65/100 on livability (#141 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, amenities F, commute F.
• Albertville City (town): math 17% / reading 39% proficiency, ranked #79 of 129 in AL (top 61%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 111 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($166k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $147,500 (16.5% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — 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. 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.
7. 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.
8. 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: 0.83% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.24%
• DSCR: 1.14
• GRM: 10.0

CMA / ARV

• ARV (median comp): $213,372
• List price: $176,700
• Delta: -17.19%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 Davis St	0.42mi	3/2.0	1,839 (+2%)	2mo	$170,000	$92	75
803 Elm St	0.42mi	4/1.5 (+1)	1,750 (-3%)	1mo	$200,000	$114	68
105 West Ln	0.15mi	4/2.0 (+1)	2,013 (+12%)	8mo	$249,900	$124	62
7 Sycamore Ln	0.37mi	3/2.0	1,998 (+11%)	11mo	$249,000	$125	56
615 East Main St	0.40mi	3/2.0	1,950 (+8%)	14mo	$220,000	$113	56
209 Noblitt St	0.60mi	3/2.0	1,675 (-7%)	8mo	$242,000	$144	54
112 Ivy Park Cir	0.71mi	4/2.0 (+1)	1,841 (+2%)	12mo	$264,900	$144	48
126 Ivy Park Cir	0.72mi	4/2.0 (+1)	1,841 (+2%)	12mo	$265,990	$144	48
118 Ivy Park Cir	0.71mi	4/2.0 (+1)	1,558 (-14%)	10mo	$248,900	$160	31
130 Ivy Park Cir	0.72mi	4/2.0 (+1)	1,558 (-14%)	11mo	$252,900	$162	30
102 Ivy Park Cir	0.73mi	4/2.0 (+1)	1,558 (-14%)	11mo	$254,485	$163	29
124 Ivy Park Cir	0.72mi	4/2.0 (+1)	1,558 (-14%)	13mo	$248,990	$160	28

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: -11.3%
• Equity multiple: 0.59×
• Total profit: $-20,213
• Equity at exit: $26,347

10-year hold

• IRR: -2.1%
• Equity multiple: 0.86×
• Total profit: $-7,020
• Equity at exit: $15,278

Cash invested: $49,476 (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 35950

• Home prices YoY: -20.4%
• Active inventory: 111
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,475 medium
• Mortgage (P&I): −$927
• Tax from tax record: −$31 /mo · $376/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $134

Break-even live

Break-even rent $1,306

Max offer price $176,700

Occupancy floor 86%

Sensitivity live

Price	-10% $234	-5% $184	+0% $134	+5% $84	+10% $-178
Rent	-10% $17	-5% $75	+0% $134	+5% $192	+10% $250
Rate	-1.0pp $223	-0.5pp $179	base $134	+0.5pp $88	+1.0pp $41

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: $44,175
• Closing costs: $5,301
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 Corbin St Albertville, AL	4.0	2.0	1423	$1,475	$1.04	24d	1	0.87mi

Listing history 18 events

1. 2026-06-21
   days on market $176,700 Active 64 DOM
2. 2026-06-19
   days on market $176,700 Active 62 DOM
3. 2026-06-18
   days on market $176,700 Active 61 DOM
4. 2026-06-17
   days on market $176,700 Active 60 DOM
5. 2026-06-16
   days on market $176,700 Active 59 DOM
6. 2026-06-15
   days on market $176,700 Active 58 DOM
7. 2026-06-14
   days on market $176,700 Active 56 DOM
8. 2026-06-12
   days on market $176,700 Active 55 DOM
9. 2026-06-09
   days on market $176,700 Active 52 DOM
10. 2026-06-08
    days on market $176,700 Active 51 DOM
11. 2026-06-07
    days on market $176,700 Active 50 DOM
12. 2026-06-07
    days on market $176,700 Active 49 DOM
13. 2026-06-04
    pricedays on market $176,700 Active 46 DOM
14. 2026-06-02
    days on market $187,000 Active 45 DOM
15. 2026-06-01
    days on market $187,000 Active 44 DOM
16. 2026-05-31
    days on market $187,000 Active 43 DOM
17. 2026-05-31
    days on market $187,000 Active 42 DOM
18. 2026-04-18
    listed $187,000 Active 404-char remark

    Show marketing remark (404 chars)

    Charming 1.0 story home in the heart of Albertville! This 3 bedroom, 2.0 bath property offers great charm and plenty of character throughout. Featuring entry foyer, original hardwood floors, spacious living areas, . Conveniently located within Albertville city limits and close to schools, shopping, and dining. Don’t miss this opportunity to add your personal touch to a home with so much promise!

ⓘ 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: $376 · $31/mo
• Projected year-2 tax: $724 · $60/mo
• Expected delta: +$349/yr (+$29/mo · 92.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,700
• − Mortgage interest: −$9,898
• − Property taxes: −$376
• − Insurance: −$884
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − Depreciation: −$5,140
• Taxable loss: −$1,430
• Est. tax savings @ 24.0%: +$343
• After-tax cash flow: $1,947/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: Albertville City
• NCES district ID: 0100005
• Math proficiency: 17% ▼ -29.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $36,890
• Composite: 23.21/100
• National rank: #7940
• State rank: #79 of 129 in AL

Livability — Albertville

• Score: 65/100
• State rank: #141
• US rank: #13438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albertville, AL
• Population (ZIP): 21,173

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 10% Native American 5% Black 3%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 1% Italian 1% Hispanic 1%
• Foreign-born: 13% · Canada
• Languages at home: 71% English-only · Spanish 28% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.37%
• Current HPI: 220.4214
• 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

• 2026-04-18 Listed $187,000 VMLS

Property tax history

+4.3%/yr

Latest (2025): $376 · +9.1% YoY. Source: county tax records.