412 Apple Ave · Albertville, AL 35950

$110,000

3 bd · 2.0 ba · 2,100 sqft · SingleFamily public records · 6 Days on market

Built 1966 0.38 ac lot $52/sqft · 56% below area

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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
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks

This is a HUD Owned property. Case#011-542728 (UI) Un-Insured. (Subject to Appraisal). Lead Paint Addendum required for any property built prior to 1978. Seller makes no representations or warranties as to property condition. Sold AS-IS. EQUAL HOUSING OPPORTUNITY. Seller may contribute up to 3% for buyer's closing costs, upon buyer request.

Key facts

• 0.38 acre lot
• Built 1966
• Listed 6 days

Property features AI

Finance

• Other: Property type: Residential; Living area listed as 2,052 square feet; Lot size approximately 0.38 acres (120 x 138)
• HOA & community: No homeowners association; Subdivision: Orchard View

Exterior

• Parking: No parking (None listed)
• Utilities: Public water
• Home design: Single-family residence; One level; Built in 1966
• Construction: Brick construction
• Exterior features: Detached building; Covered porch; Screened porch

Interior

• Kitchen: Cooktop; Oven; Dishwasher
• Bedrooms: 7 total rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement; One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.8% vs local median 2.6% in Albertville — 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 (#141 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Albertville City (town): math 17% / reading 39% proficiency, ranked #79 of 129 in AL (top 61%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Albertville Primary School (944 students, 82% FRL); Albertville Middle School (math 11% / reading 42%, grade F, #150 of 257 statewide, top 60%, 890 students, 78% FRL); Albertville High School (math 19% / reading 22%, grade F, #159 of 305 statewide, top 53%, 1,712 students, 73% FRL) — zoned schools average 78% FRL vs 59% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 110 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000

Questions for the listing agent

1. Built in 1966 — 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. 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.
5. 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.
6. 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: 1.34% ✓
• Cap rate: 10.77%
• Cash-on-cash: 15.99%
• DSCR: 1.71
• GRM: 6.2

CMA / ARV

• ARV (median comp): $244,522
• List price: $110,000
• Delta: -55.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
412 Apple Ave	0.00mi	3/2.0	2,052 (-2%)	0mo	$118,000	$58	96
409 Forestdale Ave	0.17mi	3/2.5	2,100 (0%)	1mo	$265,000	$126	90
409 Peach Ave	0.07mi	4/2.0 (+1)	2,010 (-4%)	4mo	$235,000	$117	82
82 Drury Ln	0.43mi	3/2.0	2,087 (-1%)	1mo	$328,900	$158	78
413 Apple Ave	0.03mi	4/3.0 (+1)	2,400 (+14%)	4mo	$290,000	$121	63
605 Coby Cir	0.28mi	4/2.0 (+1)	1,899 (-10%)	6mo	$261,000	$137	61
617 Preston Ave	0.52mi	4/3.0 (+1)	2,209 (+5%)	6mo	$365,000	$165	53
1511 Jason St	0.57mi	4/2.5 (+1)	1,947 (-7%)	5mo	$255,000	$131	50
1504 Fulton St	0.60mi	3/2.0	2,349 (+12%)	7mo	$385,000	$164	47
1202 Crestbrook Dr	0.43mi	4/2.5 (+1)	2,373 (+13%)	10mo	$349,900	$147	43
61 Berkshire Ln	0.42mi	4/3.0 (+1)	1,837 (-12%)	10mo	$330,000	$180	42
908 E Alabama Ave	0.51mi	4/2.0 (+1)	2,409 (+15%)	7mo	$259,900	$108	41

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: 6.9%
• Equity multiple: 1.27×
• Total profit: $8,330
• Equity at exit: $16,401

10-year hold

• IRR: 16.3%
• Equity multiple: 2.33×
• Total profit: $40,984
• Equity at exit: $9,511

Cash invested: $30,800 (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 35950

• Home prices YoY: -20.4%
• Active inventory: 110
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,475 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$132 /mo · $1,587/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $410

Break-even live

Break-even rent $956

Max offer price $110,000

Occupancy floor 67%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 Corbin St Albertville, AL	4.0	2.0	1423	$1,475	$1.04	23d	1	0.71mi

Listing history 3 events

1. 2026-05-11
   status Pending 342-char remark
2. 2026-05-05
   listed $110,000 Active 342-char remark
3. 2024-03-25
   soldstatus $299,000

ⓘ 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: $1,587 · $132/mo
• Projected year-2 tax: $1,587 · $132/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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,700
• − Mortgage interest: −$6,162
• − Property taxes: −$1,587
• − Insurance: −$550
• − Repairs & maintenance: −$1,416
• − Management: −$1,416
• − Depreciation: −$3,200
• Taxable income: $3,370
• Est. tax owed @ 24.0%: −$809
• After-tax cash flow: $4,115/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: Albertville City
• NCES district ID: 0100005
• Math proficiency: 17% ▼ -29.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $36,890
• Composite: 23.21/100
• National rank: #7940
• State rank: #79 of 129 in AL

Livability — Albertville

• Score: 65/100
• State rank: #141
• US rank: #13438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albertville, AL
• Population (ZIP): 21,173

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 10% Native American 5% Black 3%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 1% Italian 1% Hispanic 1%
• Foreign-born: 13% · Canada
• Languages at home: 71% English-only · Spanish 28% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.37%
• Current HPI: 220.4214
• 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

-60.5% since first listed

4 events — show timeline

• 2026-06-15 Sold (MLS) $118,000 VMLS
• 2026-05-11 Pending — VMLS
• 2026-05-05 Listed $110,000 VMLS
• 2024-03-25 Sold (Public Records) $299,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,587 · +7.0% YoY. Source: county tax records.