3137 Texas St · Montgomery, AL 36107

$69,000

3 bd · 2.0 ba · 1,290 sqft · SingleFamily public records · 402 Days on market

Built 1955 $53/sqft · 47% above area Est $63k · 9% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.8/5.0
• ARV discount +3.2/15.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Must have appointment. TENANT OCCUPIED

Key facts

• Garage
• Built 1955
• Listed 402 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $69k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 6.0% in Montgomery — 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 (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.0%/yr); 67 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).
• This rent runs 39% of the median local income ($32k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $477 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 402 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 25y ago; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $45k; list at $69k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $60,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 402 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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. 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?
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: 1.54% ✓
• Cap rate: 13.36%
• Cash-on-cash: 25.26%
• DSCR: 2.12
• GRM: 5.4

CMA / ARV

• ARV (median comp): $63,030
• List price: $69,000
• Delta: 9.47%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3127 Texas St	0.02mi	3/1.0	1,260 (-2%)	8mo	$70,000	$56	85
3216 Texas St	0.07mi	3/1.0	1,353 (+5%)	1mo	$40,000	$30	84
1827 Austin St	0.16mi	3/2.0	1,376 (+7%)	8mo	$56,000	$41	74
1949 Johnson St	0.42mi	2/1.0 (-1)	1,296 (+0%)	2mo	$57,000	$44	69
1805 Texas Ct	0.22mi	4/1.0 (+1)	1,353 (+5%)	5mo	$62,500	$46	68
1833 Midway St	0.27mi	3/1.0	1,175 (-9%)	1mo	$64,900	$55	68
3452 Harris St	0.30mi	3/1.0	1,400 (+8%)	1mo	$35,000	$25	67
3129 Cabot St	0.25mi	3/2.0	1,099 (-15%)	1mo	$17,501	$16	63
1641 N Yarbrough Ct	0.38mi	3/1.0	1,215 (-6%)	8mo	$75,000	$62	62
3025 Baffin Dr	0.41mi	3/1.0	1,146 (-11%)	6mo	$50,000	$44	54
132 Amanda Ln	0.63mi	3/2.0	1,118 (-13%)	1mo	$45,000	$40	47
231 Shelly Ct	0.69mi	3/1.0	1,200 (-7%)	9mo	$59,000	$49	45

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 · 5.05% rent growth · sell at horizon

5-year hold

• IRR: 21.0%
• Equity multiple: 1.88×
• Total profit: $16,945
• Equity at exit: $10,288

10-year hold

• IRR: 30.4%
• Equity multiple: 3.98×
• Total profit: $57,642
• Equity at exit: $5,966

Cash invested: $19,320 (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 36107

• Home prices YoY: -10.9%
• Rents YoY: 5.0%
• Active inventory: 67
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $1,064 high
• Mortgage (P&I): −$362
• Tax from tax record: −$43 /mo · $518/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $407

Break-even live

Break-even rent $549

Max offer price $69,000

Occupancy floor 57%

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: $17,250
• Closing costs: $2,070
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3329 Texas St Montgomery, AL	3.0	1.0	1000	$1,100	$1.10	44d	1	0.15mi
3050 Willena Ave Montgomery, AL	3.0	1.0	1466	$985	$0.67	21d	1	0.21mi
3114 Cotton St Montgomery, AL	3.0	1.0	888	$1,100	$1.24	44d	1	0.22mi
1817 Texas Ct Montgomery, AL	3.0	1.0	925	$1,050	$1.14	21d	1	0.23mi
2107 Yarbrough Cir Montgomery, AL	3.0	1.0	910	$925	$1.02	44d	1	0.24mi
2111 Yarbrough St Montgomery, AL	3.0	1.0	962	$795	$0.83	44d	1	0.25mi
3452 Harris St Montgomery, AL	3.0	1.0	1400	$1,150	$0.82	21d	1	0.29mi
3042 George B Edmondson Dr Montgomery, AL	3.0	1.0	900	$860	$0.96	44d	1	0.33mi
3008 Cabot St Montgomery, AL	4.0	2.0	1300	$1,150	$0.88	44d	1	0.34mi
218 Broadway St Montgomery, AL	2.0	1.0	960	$895	$0.93	14d	1	0.38mi
2056 Midway St Montgomery, AL	3.0	1.0	1110	$985	$0.89	44d	1	0.38mi
1653 N Yarbrough Ct Montgomery, AL	3.0	1.0	1130	$950	$0.84	21d	1	0.38mi
298 Broadway St Montgomery, AL	2.0	1.0	896	$900	$1.00	44d	1	0.40mi
2076 Midway St Montgomery, AL	3.0	1.0	1068	$1,000	$0.94	44d	1	0.41mi
2019 Amos St Montgomery, AL	3.0	1.5	1134	$985	$0.87	44d	1	0.45mi
216 Gardendale Dr Montgomery, AL	3.0	1.0	900	$850	$0.94	21d	1	0.51mi
2001 Speigle St Montgomery, AL	3.0	1.0	1260	$1,035	$0.82	44d	1	0.64mi
3613 Erwin Dr Montgomery, AL	3.0	2.0	1092	$1,250	$1.14	44d	1	0.73mi
4029 Chelsea Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	44d	1	0.74mi
2503 Skyline Ave Montgomery, AL	3.0	1.0	1015	$1,150	$1.13	44d	1	0.76mi
207 Destin St Montgomery, AL	3.0	1.0	966	$695	$0.72	21d	1	0.80mi
16 Garden St Montgomery, AL	3.0	1.5	1008	$775	$0.77	44d	1	0.81mi
1324 Federal Dr Montgomery, AL	2.0	1.0	1000	$1,100	$1.10	44d	1	0.82mi
204 W Park Ave Montgomery, AL	3.0	1.0	1145	$850	$0.74	21d	1	0.85mi
3 Rotary St Montgomery, AL	3.0	1.0	1131	$925	$0.82	21d	1	0.91mi
942 Parkwood Ct Montgomery, AL	4.0	2.0	1752	$1,299	$0.74	14d	1	1.03mi
1024 Grenada Dr Montgomery, AL	3.0	1.0	1144	$1,125	$0.98	44d	1	1.17mi
2822 Sumter Ave Montgomery, AL	3.0	2.5	1617	$1,300	$0.80	21d	1	1.20mi
2814 Ashley Ave Montgomery, AL	3.0	2.0	1683	$1,350	$0.80	14d	1	1.32mi
740 Coliseum Blvd Unit 740A Montgomery, AL	2.0	1.0	1100	$895	$0.81	14d	1	1.34mi
105 Dyas Ct Montgomery, AL	3.0	1.0	1025	$1,095	$1.07	44d	1	1.38mi
2769 Pelzer Ave Montgomery, AL	3.0	2.0	1608	$1,325	$0.82	44d	1	1.39mi
700 Coliseum Blvd Unit 700D Montgomery, AL	2.0	1.0	911	$895	$0.98	44d	1	1.41mi
517 N Florida St Unit B Montgomery, AL	2.0	1.0	900	$750	$0.83	44d	1	1.42mi
2023 Windsor Ave Montgomery, AL	2.0	1.0	889	$895	$1.01	44d	1	1.44mi
2122 Windsor Ave Montgomery, AL	2.0	1.0	1052	$725	$0.69	44d	1	1.48mi
508 Glenmore Rd Montgomery, AL	2.0	1.0	1135	$1,000	$0.88	44d	1	1.49mi

Listing history 26 events

1. 2026-06-18
   days on market $69,000 Active 402 DOM
2. 2026-06-17
   days on market $69,000 Active 401 DOM
3. 2026-06-16
   days on market $69,000 Active 400 DOM
4. 2026-06-15
   days on market $69,000 Active 399 DOM
5. 2026-06-14
   days on market $69,000 Active 397 DOM
6. 2026-06-13
   days on market $69,000 Active 396 DOM
7. 2026-06-10
   days on market $69,000 Active 394 DOM
8. 2026-06-09
   days on market $69,000 Active 393 DOM
9. 2026-06-08
   days on market $69,000 Active 392 DOM
10. 2026-06-07
    days on market $69,000 Active 391 DOM
11. 2026-06-03
    days on market $69,000 Active 387 DOM
12. 2026-06-02
    days on market $69,000 Active 386 DOM
13. 2026-06-01
    days on market $69,000 Active 385 DOM
14. 2026-05-31
    days on market $69,000 Active 384 DOM
15. 2026-05-30
    days on market $69,000 Active 383 DOM
16. 2026-05-06
    status Active 38-char remark

    Show marketing remark (38 chars)

    Must have appointment. TENANT OCCUPIED

17. 2025-09-03
    price $69,000 38-char remark

    Show marketing remark (38 chars)

    Must have appointment. TENANT OCCUPIED

18. 2025-06-25
    price $73,000 38-char remark

    Show marketing remark (38 chars)

    Must have appointment. TENANT OCCUPIED

19. 2025-05-08
    listed $79,000 Active 38-char remark

    Show marketing remark (38 chars)

    Must have appointment. TENANT OCCUPIED

20. 2022-10-31
    soldstatus $45,000
21. 2022-10-28
    soldstatus $45,000 88-char remark

    Show marketing remark (88 chars)

    Rental property with long term tenant renting for $655 per month. Must have appointment.

22. 2022-09-22
    listed $49,975 88-char remark

    Show marketing remark (88 chars)

    Rental property with long term tenant renting for $655 per month. Must have appointment.

23. 2004-06-21
    soldstatus $38,000
24. 2004-03-19
    listed $41,400
25. 2001-12-07
    soldstatus $52,000
26. 2001-01-09
    listed $52,000

ⓘ 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: $518 · $43/mo
• Projected year-2 tax: $518 · $43/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,765
• − Mortgage interest: −$3,865
• − Property taxes: −$518
• − Insurance: −$345
• − Repairs & maintenance: −$1,021
• − Management: −$1,021
• − Depreciation: −$2,007
• Taxable income: $3,987
• Est. tax owed @ 24.0%: −$957
• After-tax cash flow: $3,922/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 8,001
• Household income: $32,492
• Rent vs Own: 61.8% rent · 38.2% own
• Severe rent burden: 642.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.69)
• Race & ethnicity: Black 43% White 27% Hispanic / Latino 23% Two or more races 20%
• Hispanic origin (detail): Mexican 8% Cuban 3%
• Common ancestry: Slovak 1% Iranian 1% Serbian 1%
• Foreign-born: 11% · Canada
• Languages at home: 83% English-only · Spanish 13%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.16%
• Current HPI: 147.8065
• Rent YoY: ▲ 5.05%
• Metro: Montgomery, AL
• 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

+32.7% since first listed

11 events — show timeline

• 2026-05-06 Relisted — MAAR
• 2025-09-03 Price Changed $69,000 MAAR
• 2025-06-25 Price Changed $73,000 MAAR
• 2025-05-08 Listed $79,000 MAAR
• 2022-10-31 Sold (Public Records) $45,000 Public Records
• 2022-10-28 Sold (MLS) $45,000 MAAR
• 2022-09-22 Listed $49,975 MAAR
• 2004-06-21 Sold (MLS) $38,000 MAAR
• 2004-03-19 Listed $41,400 MAAR
• 2001-12-07 Sold (MLS) $52,000 MAAR
• 2001-01-09 Listed $52,000 MAAR

Property tax history

+2.6%/yr

Latest (2025): $518 · +1.5% YoY. Source: county tax records.