1725 Walnut Ave · Anniston, AL 36201

$32,000

2 bd · 1.0 ba · 1,172 sqft · SingleFamily public records · 12 Days on market

Built 1935 7,405 sqft lot Est $33k · at est. ↓ 25% 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +8.6/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special. .. . New plumbing, new toilet, new shower, of the demo work is completed. New front porch roof, Garage in the back yard has 2 storage rooms and an upstairs 2 bedroom apartment.

Key facts

• New plumbing
• New front porch roof
• New shower

Tags

• NEW PLUMBING
• NEW TOILET
• NEW SHOWER
• NEW FRONT PORCH ROOF
• GARAGE IN THE BACK YARD
• 2 STORAGE ROOMS

Property features AI

Finance

• Other: Subdivision: Metes And Bounds; Directions: From Alexandria Road turn left onto W. 18th St, turn right onto Walnut Ave — house is the 2nd on the left
• HOA & community: No homeowners association

Exterior

• Parking: Concrete driveway
• Utilities: Public water
• Home design: Single family residence; Residential property; Built in 1935; 1,243 square feet living area
• Construction: No fireplaces
• Exterior features: Public water; Lot of about 0.17 acres

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: No heating; No cooling
• Interior features: Crawl space basement; 5 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $32k.

Deal economics

• At list price, monthly cash flow is $708 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $32k).
• Cap rate 32.9% vs local median 5.1% in Anniston — 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 58/100 on livability (#348 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Anniston City (urban): math 2% / reading 12% proficiency, ranked #128 of 129 in AL (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Anniston Middle School (math 2% / reading 0%, grade F, #257 of 257 statewide, top 100%, 393 students, 91% FRL); Anniston High School (math 2% / reading 12%, grade F, #265 of 305 statewide, top 89%, 466 students, 86% FRL) — zoned schools at 89% FRL track the district average.
• Market conditions: 73 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $221 of loan paydown is wiped out by about $960 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 $9k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 4y 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.
• Current owner paid $23k; 39% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 8→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $32,000

Questions for the listing agent

1. Built in 1935 — 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: 3.73% ✓
• Cap rate: 32.85%
• Cash-on-cash: 94.86%
• DSCR: 5.22
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $32,816
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
323 W 22nd St	0.41mi	2/1.0	1,194 (+2%)	9mo	$28,000	$23	70
2108 Moore Ave	0.33mi	3/1.0 (+1)	1,210 (+3%)	6mo	$27,000	$22	69
2415 Noble St	0.66mi	2/1.0	1,154 (-2%)	13mo	$26,000	$23	56
1927 Leighton Ave	0.56mi	3/1.0 (+1)	1,247 (+6%)	3mo	$35,000	$28	56
117 E 22nd St	0.55mi	2/1.0	1,246 (+6%)	10mo	$64,494	$52	55
115 E 21st St	0.48mi	2/1.0	1,135 (-3%)	21mo	$90,000	$79	55
1905 Noble St	0.29mi	3/1.0 (+1)	1,256 (+7%)	21mo	$15,000	$12	52
2213 Mckleroy Ave	0.45mi	3/1.0 (+1)	1,244 (+6%)	16mo	$10,000	$8	50
2117 Leighton Ave	0.63mi	2/1.0	1,120 (-4%)	22mo	$45,000	$40	44
2018 Lagrande Ave	0.71mi	2/1.0	1,218 (+4%)	22mo	$104,000	$85	42
505 E 19th St	0.71mi	3/1.0 (+1)	1,046 (-11%)	2mo	$129,900	$124	42
930 22nd St	0.62mi	2/1.0	1,088 (-7%)	20mo	$14,250	$13	42

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: 95.7%
• Equity multiple: 5.46×
• Total profit: $39,952
• Equity at exit: $4,771

10-year hold

• IRR: 98.5%
• Equity multiple: 11.38×
• Total profit: $92,986
• Equity at exit: $2,767

Cash invested: $8,960 (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 36201

• Active inventory: 73
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,195 high
• Mortgage (P&I): −$168
• Tax from tax record: −$55 /mo · $657/yr
• Insurance: −$13
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $708

Break-even live

Break-even rent $299

Max offer price $32,000

Occupancy floor 36%

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: $8,000
• Closing costs: $960
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1831 Moore Ave Anniston, AL	3.0	2.0	1494	$1,395	$0.93	44d	1	0.14mi
2117 Moore Ave Unit NA Anniston, AL	2.0	1.0	1102	$1,385	$1.26	44d	1	0.37mi
323 W 22nd St Anniston, AL	2.0	1.0	1194	$950	$0.80	44d	1	0.42mi
1130 Christine Ave Apt 16 Anniston, AL	1.0	1.0	700	$625	$0.89	44d	1	0.78mi
1414 Marguerite Ave Unit 7 Anniston, AL	2.0	1.0	1000	$750	$0.75	44d	1	0.95mi
1605 W 21st St Anniston, AL	3.0	1.0	970	$950	$0.98	44d	1	1.07mi
901 Kirkwood Ave Anniston, AL	3.0	2.0	1216	$1,025	$0.84	44d	1	1.40mi
1317 Kilby Ter Anniston, AL	3.0	2.0	1203	$1,400	$1.16	44d	1	1.40mi

Listing history 11 events

1. 2026-06-19
   days on market $32,000 Active 12 DOM
2. 2026-06-18
   days on market $32,000 Active 11 DOM
3. 2026-06-17
   days on market $32,000 Active 10 DOM
4. 2026-06-16
   days on market $32,000 Active 9 DOM
5. 2026-06-15
   days on market $32,000 Active 8 DOM
6. 2026-06-14
   days on market $32,000 Active 6 DOM
7. 2026-06-13
   days on market $32,000 Active 5 DOM
8. 2026-06-10
   days on market $32,000 Active 3 DOM
9. 2026-06-09
   days on market $32,000 Active 2 DOM
10. 2026-06-08
    remarks 194-char remark
11. 2026-06-08
    listed $32,000 Active 1 DOM

ⓘ 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: $657 · $55/mo
• Projected year-2 tax: $657 · $55/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 8 d/yr ≥105°F today · 23 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: $14,342
• − Mortgage interest: −$1,792
• − Property taxes: −$657
• − Insurance: −$160
• − Repairs & maintenance: −$1,147
• − Management: −$1,147
• − Depreciation: −$931
• Taxable income: $8,507
• Est. tax owed @ 24.0%: −$2,042
• After-tax cash flow: $6,458/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: Anniston City
• NCES district ID: 0100090
• Math proficiency: 2% ▼ -20.00%
• Reading proficiency: 12% ▼ -15.00%
• Median HH income: $31,824
• Composite: 5.36/100
• National rank: #10030
• State rank: #128 of 129 in AL

Livability — Anniston

• Score: 58/100
• State rank: #348
• US rank: #20680

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: Anniston, AL
• City population: 19,220
• Population (ZIP): 17,406

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 47% Black 46% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 1% Scandinavian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -78.92%
• Current HPI: 59.1512
• 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

-24.7% since first listed

25 events — show timeline

• 2026-06-07 Listed $32,000 VMLS
• 2025-10-23 Price Changed $34,900 VMLS
• 2025-09-30 Price Changed $35,000 VMLS
• 2025-08-05 Relisted — VMLS
• 2025-06-16 Pending — VMLS
• 2025-06-13 Relisted — VMLS
• 2025-04-25 Relisted — VMLS
• 2025-04-18 Price Changed $39,000 Greater Alabama MLS
• 2025-03-25 Pending — VMLS
• 2025-03-12 Price Changed $39,000 VMLS
• 2025-01-14 Price Changed $40,000 Greater Alabama MLS
• 2025-01-13 Price Changed $40,000 VMLS
• 2024-11-14 Listed $42,000 VMLS
• 2024-10-18 Price Changed $42,000 Greater Alabama MLS
• 2023-05-01 Sold (MLS) $23,000 VMLS
• 2023-04-24 Pending — VMLS
• 2023-04-22 Relisted — VMLS
• 2023-04-12 Pending — VMLS
• 2023-04-06 Listed $30,000 VMLS
• 2022-10-17 Sold (MLS) $10,000 Greater Alabama MLS
• 2022-09-29 Price Changed $10,000 Greater Alabama MLS
• 2022-09-29 Pending — Greater Alabama MLS
• 2022-08-24 Price Changed $29,500 Greater Alabama MLS
• 2022-06-09 Price Changed $37,000 Greater Alabama MLS
• 2022-04-12 Listed $42,500 Greater Alabama MLS

Property tax history

+4.4%/yr

Latest (2025): $657 · +0.0% YoY. Source: county tax records.