203 Judson St · Talladega, AL 35160

$155,900

2 bd · 2.0 ba · 1,351 sqft · SingleFamily public records · 11 Days on market

Built 1956 Est $111k · 41% over

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Why this score? — see what drove the F 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 +16.4/30.0
• DSCR +5.1/10.0
• 1% rule +3.1/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautiful cottage style completely remodeled home is move-in ready. This home has 2 bedrooms, 2 full baths, new paint, dining room, all hardwood floors, den, kitchen with new tile floors, new cabinets and appliances, enclosed front porch that can be used as a sunroom, laundry room, detached 2 car garage. Please call for your private viewing.

Key facts

• Half basement
• Modern kitchen
• Hardwood floors

Tags

• HARDWOOD FLOORS
• MODERN KITCHEN
• ENCLOSED FRONT PORCH
• DEDICATED LAUNDRY ROOM
• DETACHED GARAGE
• HALF BASEMENT

Property features AI

Finance

• Other: Garbage fee amount listed as $50 monthly
• HOA & community: Garbage fee applies monthly

Exterior

• Parking: Detached garage; Two total garage spaces (both on main level); Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Underground utilities; Internet service available
• Home design: Single-family property (existing construction); Entry/Garage located on the side; Not a tri-level, split-level, loft, or split foyer
• Construction: Siding (other) exterior; Crawl space foundation; Year built listed as existing (no specific year provided)
• Exterior features: Storage building; Workshop; Some trees on the lot; No pool, deck, patio, or garden/patio listed; Not waterfront

Interior

• Kitchen: Built-in dishwasher; Electric oven; Electric stove; Solid surface countertops; Eating area
• Bedrooms: Master bedroom on main level; Additional bedroom on main level; All bedrooms located on the main level
• Flooring: Hardwood floors; Tile floors
• Bathrooms: Two full bathrooms; Separate shower; Combination tub/shower; Shared bath; Linen closet
• Heating & cooling: Central heating (electric); Central cooling (electric)
• Interior features: 9 ft. + ceilings; Some window treatments to remain; Solid surface kitchen countertops; Eating area in the kitchen; No additional built-in interior features listed
• Laundry & utility: Laundry room on the main level; Washer hookup; Electric dryer hookup; Pull-down attic access

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $156k.

Deal economics

• At list price, monthly cash flow is $90 ($1k/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 $127k (18.6% below list).
• Recommended offer: $127k (18.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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: 170 active listings in the ZIP; 4 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; 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,910 (18.6% below list)

Questions for the listing agent

1. Built in 1956 — 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: 0.81% ✗
• Cap rate: 6.98%
• Cash-on-cash: 2.47%
• DSCR: 1.11
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $110,782
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
203 E Damon Ave	0.10mi	2/2.0	1,544 (+14%)	9mo	$144,500	$94	64
407 East Damon Ave	0.31mi	2/2.0	1,214 (-10%)	10mo	$92,500	$76	60
302 Charles St	0.18mi	3/1.0 (+1)	1,524 (+13%)	2mo	$124,900	$82	59
405 Talladega Ave	0.28mi	2/1.5	1,198 (-11%)	12mo	$58,000	$48	56
416 Wells Ave	0.37mi	3/2.0 (+1)	1,236 (-8%)	13mo	$178,000	$144	53

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: -12.5%
• Equity multiple: 0.55×
• Total profit: $-19,624
• Equity at exit: $23,245

10-year hold

• IRR: -3.5%
• Equity multiple: 0.77×
• Total profit: $-10,054
• Equity at exit: $13,479

Cash invested: $43,652 (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: 170
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,269 medium
• Mortgage (P&I): −$818
• Tax from tax record: −$30 /mo · $363/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$267
• Net cashflow: $90

Break-even live

Break-even rent $1,155

Max offer price $155,900

Occupancy floor 88%

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: $38,975
• Closing costs: $4,677
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2795 Allison Mill Rd Talladega, AL	3.0	2.0	1006	$1,275	$1.27	43d	1	0.88mi
350 Sunlight Cir Talladega, AL	3.0	2.0	1006	$1,275	$1.27	43d	1	0.91mi
37 Sunlight Cir Talladega, AL	3.0	2.0	1006	$1,275	$1.27	43d	1	0.99mi
145 Sunlight Cir Talladega, AL	3.0	2.0	1006	$1,250	$1.24	43d	1	1.00mi

Listing history 9 events

1. 2026-06-19
   days on market $155,900 Active 11 DOM
2. 2026-06-18
   days on market $155,900 Active 10 DOM
3. 2026-06-17
   days on market $155,900 Active 9 DOM
4. 2026-06-16
   days on market $155,900 Active 8 DOM
5. 2026-06-15
   days on market $155,900 Active 7 DOM
6. 2026-06-14
   days on market $155,900 Active 5 DOM
7. 2026-06-12
   days on market $155,900 Active 4 DOM
8. 2026-06-09
   remarks 693-char remark
9. 2026-06-09
   listed $155,900 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: $363 · $30/mo
• Projected year-2 tax: $639 · $53/mo
• Expected delta: +$276/yr (+$23/mo · 76.0%)

ⓘ 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 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 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: $15,229
• − Mortgage interest: −$8,733
• − Property taxes: −$363
• − Insurance: −$780
• − Repairs & maintenance: −$1,218
• − Management: −$1,218
• − Depreciation: −$4,535
• Taxable loss: −$1,618
• Est. tax savings @ 24.0%: +$388
• After-tax cash flow: $1,466/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

+0.6% since first listed

11 events — show timeline

• 2026-06-08 Listed $155,900 Greater Alabama MLS
• 2023-08-29 Sold (Public Records) $140,000 Public Records
• 2023-08-25 Sold (MLS) $140,000 Greater Alabama MLS
• 2023-08-15 Contingent — Greater Alabama MLS
• 2023-08-07 Relisted — Greater Alabama MLS
• 2023-08-05 Contingent — Greater Alabama MLS
• 2023-07-20 Relisted — Greater Alabama MLS
• 2023-06-19 Contingent — Greater Alabama MLS
• 2023-06-02 Price Changed $145,000 Greater Alabama MLS
• 2023-05-19 Price Changed $150,000 Greater Alabama MLS
• 2023-04-05 Listed $155,000 Greater Alabama MLS

Property tax history

-3.8%/yr

Latest (2025): $363 · +0.0% YoY. Source: county tax records.