409 Park Cir · Talladega, AL 35160

$19,900

3 bd · 2.0 ba · 1,323 sqft · SingleFamily public records · 17 Days on market

Built 1930 0.34 ac lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Calling all investors, flippers, and bargain hunters! This fixer-upper at 409 Park Circle in Talladega is priced to sell. Sitting on approximately 0.34 acres, this property offers tremendous potential for the right buyer willing to bring it back to life. This property need a bunch of TLC and will require substantial repairs and renovations throughout. Whether you're looking for your next flip, rental property, or a complete rebuild project, this is an opportunity to acquire real estate at an affordable price and create value through improvements. Sold AS-IS, WHERE-IS. Cash or renovation financing likely required. Buyer to verify all information deemed important, including square footage, lo

Key facts

• 0.34 acre lot
• Built 1930
• Listed 16 days

Property features AI

Finance

• Other: Lot size approximately 0.34 acres; Subdivision: Highland Park

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Unknown internet service availability
• Home design: Existing property; Single-story living spaces (rooms listed on main level)
• Construction: Wood construction; Crawl space foundation
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront; No notable lot view

Interior

• Kitchen: Solid surface countertops
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level (total bedrooms listed)
• Flooring: Carpet
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Smooth ceilings; Has attic
• Laundry & utility: Laundry room on main level; Washer hookup; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $20k.

Deal economics

• At list price, monthly cash flow is $823 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $20k (1.5% below list) — sets the bar for market timing.
• Cap rate 55.9% vs local median 4.8% in Talladega — 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 59/100 on livability (#327 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.
• Talladega City (rural): math 7% / reading 25% proficiency, ranked #114 of 129 in AL (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Talladega High School (math 2% / reading 2%, grade F, #291 of 305 statewide, top 100%, 446 students, 84% FRL).
• Zoned-school proficiency averages 2% at this address vs 16% district-wide (-14 pts) — the specific schools serving this property underperform the Talladega City average; the district grade overstates school quality for this exact location.
• Market conditions: 171 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $138 of loan paydown is wiped out by about $597 of value loss. Plan a longer hold.
• Talladega County population projected at -14% 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 $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($20k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $19,601 (1.5% below list)

Questions for the listing agent

1. Built in 1930 — 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 F-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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 5.97% ✓
• Cap rate: 55.90%
• Cash-on-cash: 177.16%
• DSCR: 8.88
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $79,380
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
406 Brignoli St	0.05mi	3/1.0	1,366 (+3%)	2mo	$81,705	$60	86
414 19th St	0.17mi	3/1.0	1,200 (-9%)	4mo	$11,000	$9	69
114 Sloan Ave E	0.36mi	3/2.0	1,176 (-11%)	13mo	$150,000	$128	54
300 Johnson Ave S	0.62mi	3/2.0	1,368 (+3%)	17mo	$144,900	$106	52
706 Coffee St E	0.67mi	3/1.0	1,206 (-9%)	11mo	$36,000	$30	40

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: —
• Equity multiple: 9.83×
• Total profit: $49,173
• Equity at exit: $2,967

10-year hold

• IRR: —
• Equity multiple: 20.80×
• Total profit: $110,303
• Equity at exit: $1,721

Cash invested: $5,572 (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 35160

• Home prices YoY: -26.9%
• Active inventory: 171
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,189 medium
• Mortgage (P&I): −$104
• Tax from tax record: −$4 /mo · $44/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $823

Break-even live

Break-even rent $147

Max offer price $19,900

Occupancy floor 26%

Sensitivity live

Price	-10% $834	-5% $828	+0% $823	+5% $817	+10% $811
Rent	-10% $729	-5% $776	+0% $823	+5% $870	+10% $917
Rate	-1.0pp $833	-0.5pp $828	base $823	+0.5pp $817	+1.0pp $812

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: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
207 Jemison St Talladega, AL	3.0	2.0	1490	$1,295	$0.87	45d	1	0.23mi
515 Lawson St Talladega, AL	2.0	1.5	1169	$800	$0.68	45d	1	0.84mi

Listing history 12 events

1. 2026-06-21
   days on market $19,900 Active 17 DOM
2. 2026-06-19
   days on market $19,900 Active 15 DOM
3. 2026-06-18
   days on market $19,900 Active 14 DOM
4. 2026-06-17
   days on market $19,900 Active 13 DOM
5. 2026-06-16
   days on market $19,900 Active 12 DOM
6. 2026-06-15
   days on market $19,900 Active 11 DOM
7. 2026-06-14
   days on market $19,900 Active 9 DOM
8. 2026-06-12
   days on market $19,900 Active 8 DOM
9. 2026-06-09
   days on market $19,900 Active 5 DOM
10. 2026-06-08
    days on market $19,900 Active 4 DOM
11. 2026-06-07
    remarks 699-char remark
12. 2026-06-07
    listed $19,900 Active 3 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: $44 · $4/mo
• Projected year-2 tax: $82 · $7/mo
• Expected delta: +$37/yr (+$3/mo · 85.0%)

ⓘ 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 ≥109°F today · 19 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: $14,262
• − Mortgage interest: −$1,115
• − Property taxes: −$44
• − Insurance: −$100
• − Repairs & maintenance: −$1,141
• − Management: −$1,141
• − Depreciation: −$579
• Taxable income: $10,143
• Est. tax owed @ 24.0%: −$2,434
• After-tax cash flow: $7,437/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: Talladega City
• NCES district ID: 0103150
• Math proficiency: 7% ▼ -19.00%
• Reading proficiency: 25% ▼ -4.00%
• Median HH income: $30,107
• Composite: 12.63/100
• National rank: #9610
• State rank: #114 of 129 in AL

Livability — Talladega

• Score: 59/100
• State rank: #327
• US rank: #19965

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: Talladega, AL
• Population (ZIP): 26,177

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 49% Black 43% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Italian 1% Iranian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.24%
• Current HPI: 190.5904
• 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

• 2026-06-04 Listed $19,900 Greater Alabama MLS

Property tax history

+3.9%/yr

Latest (2025): $44 · -46.3% YoY. Source: county tax records.