904 E Ladiga St · Piedmont, AL 36272

$70,000

3 bd · 1.0 ba · 1,037 sqft · SingleFamily public records · 45 Days on market

Built 1961 0.43 ac lot $68/sqft · 29% below area Est $98k · 29% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Schools +4.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor special alert. If your ready to try your hand at becoming a landlord, a flipper or looking for a cheaper option to becoming a home owner then you will want to come see this one. 3 Bedroom 1 Bath home is situated on a large flat lot in a great neighborhood on the edge of town. Inside you will find a big living room with hardwood floors, an eat in kitchen with plenty of cabinetry, counter space, built ins and a pantry. a recently remodled bath with an oversized handicapped tile shower.

Key facts

• Eat in kitchen
• Large flat lot
• Plenty of cabinetry

Tags

• LARGE FLAT LOT
• HARDWOOD FLOORS
• EAT IN KITCHEN
• PLENTY OF CABINETRY
• RECENTLY REMODELED BATH

Property features AI

Finance

• Other: Lot size approximately 0.43 acre; Located in the Piedmont tax/school area

Exterior

• Parking: Attached parking; Driveway parking; One carport space
• Utilities: Public water; Connected sewer; Internet available (Charter Spectrum & AT&T)
• Home design: Existing (previously built) property; Crawl space foundation; Siding (other)
• Construction: Siding exterior; Crawl space foundation
• Exterior features: Storage building; No pool, patio, deck, or garden/patio; Not waterfront

Interior

• Kitchen: Eating area; Pantry; Laminate countertops; Refrigerator; Electric stove
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Hardwood; Tile; Vinyl
• Bathrooms: One full bathroom with separate shower
• Heating & cooling: Gas heating; Window air conditioning units
• Interior features: Handyman special; Attic present; Ceilings: Other (see remarks)
• Laundry & utility: Laundry room on the main level; Washer hookup; Electric dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $347 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($966 rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.3% vs local median 4.5% in Piedmont — 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 57/100 on livability (#402 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Piedmont City (town): math 40% / reading 57% proficiency, ranked #14 of 129 in AL (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Piedmont Elementary School (math 50% / reading 66%, grade C+, #72 of 627 statewide, top 12%, 534 students, 64% FRL); Piedmont High School (math 22% / reading 32%, grade F, #90 of 305 statewide, top 35%, 342 students, 62% FRL).
• Market conditions: 88 active listings in the ZIP; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Calhoun County population projected at -21% 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 $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $37k; list at $70k implies a 89% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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 $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.38% ✓
• Cap rate: 12.25%
• Cash-on-cash: 21.28%
• DSCR: 1.95
• GRM: 6.0

CMA / ARV

• ARV (median comp): $97,935
• List price: $70,000
• Delta: -28.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 E Ladiga St	0.23mi	2/1.0 (-1)	1,088 (+5%)	5mo	$40,000	$37	72
121 Taylor St	0.48mi	2/1.0 (-1)	1,024 (-1%)	1mo	$108,500	$106	70
120 Old Ladiga Rd	0.22mi	2/1.0 (-1)	1,052 (+1%)	15mo	$45,000	$43	70
411 Cedartown Hwy	0.28mi	2/1.0 (-1)	1,085 (+5%)	14mo	$87,500	$81	63
605 Logan St	0.32mi	2/1.0 (-1)	952 (-8%)	12mo	$60,000	$63	57
303 Southern Ave	0.64mi	2/1.0 (-1)	994 (-4%)	12mo	$105,000	$106	48
612 Morgan St	0.73mi	3/1.0	904 (-13%)	9mo	$110,000	$122	37

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: 13.8%
• Equity multiple: 1.55×
• Total profit: $10,762
• Equity at exit: $10,437

10-year hold

• IRR: 22.5%
• Equity multiple: 2.93×
• Total profit: $37,761
• Equity at exit: $6,052

Cash invested: $19,600 (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 36272

• Home prices YoY: -10.2%
• Active inventory: 88
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $966 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$20 /mo · $237/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $347

Break-even live

Break-even rent $527

Max offer price $70,000

Occupancy floor 59%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $70,000 Active 45 DOM
2. 2026-06-18
   days on market $70,000 Active 44 DOM
3. 2026-06-17
   days on market $70,000 Active 43 DOM
4. 2026-06-16
   days on market $70,000 Active 42 DOM
5. 2026-06-15
   days on market $70,000 Active 41 DOM
6. 2026-06-14
   days on market $70,000 Active 39 DOM
7. 2026-06-12
   days on market $70,000 Active 38 DOM
8. 2026-06-09
   days on market $70,000 Active 35 DOM
9. 2026-06-08
   days on market $70,000 Active 34 DOM
10. 2026-06-07
    days on market $70,000 Active 33 DOM
11. 2026-06-07
    days on market $70,000 Active 32 DOM
12. 2026-06-04
    days on market $70,000 Active 29 DOM
13. 2026-06-02
    days on market $70,000 Active 28 DOM
14. 2026-06-01
    days on market $70,000 Active 27 DOM
15. 2026-05-31
    days on market $70,000 Active 26 DOM
16. 2026-05-31
    days on market $70,000 Active 25 DOM
17. 2026-05-05
    listed $70,000 Active 497-char remark
18. 2006-05-05
    soldstatus $37,000

ⓘ 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: $237 · $20/mo
• Projected year-2 tax: $287 · $24/mo
• Expected delta: +$50/yr (+$4/mo · 21.2%)

ⓘ 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 6/10 Major 7 d/yr ≥105°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: $11,597
• − Mortgage interest: −$3,921
• − Property taxes: −$237
• − Insurance: −$350
• − Repairs & maintenance: −$928
• − Management: −$928
• − Depreciation: −$2,036
• Taxable income: $3,197
• Est. tax owed @ 24.0%: −$767
• After-tax cash flow: $3,403/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: Piedmont City
• NCES district ID: 0102760
• Math proficiency: 40% ▼ -14.00%
• Reading proficiency: 57% ▲ 6.00%
• Median HH income: $32,302
• Composite: 39.78/100
• National rank: #3881
• State rank: #14 of 129 in AL

Livability — Piedmont

• Score: 57/100
• State rank: #402
• US rank: #22342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piedmont, AL
• City population: 12,996
• Population (ZIP): 12,996

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Black 5% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Russian 2% Serbian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.87%
• Current HPI: 192.177
• 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

+89.2% since first listed

2 events — show timeline

• 2026-05-05 Listed $70,000 Greater Alabama MLS
• 2006-05-05 Sold (Public Records) $37,000 Public Records