1214 2nd Ave Ave SW · Fayette, AL 35555

$62,500

4 bd · 2.0 ba · 1,330 sqft · SingleFamily public records · 71 Days on market

Built 1975 0.47 ac lot $47/sqft · 53% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling all investors! This property would make a beautiful home with a little work. This house offers 4 bedroom and 2 full bathrooms. The house is sold as is. Call today for a showing. One of the sellers is a licensed real estate agent in the state of Alabama.

Key facts

• 0.47 acre lot
• Built 1975
• Listed 70 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $62k.

Deal economics

• At list price, monthly cash flow is $597 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $59k (6.0% below list) — sets the bar for market timing.
• Cap rate 17.8% vs local median 6.0% in Fayette — 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 64/100 on livability (#158 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: schools D, health & safety D, amenities F.
• Fayette County (rural): math 17% / reading 44% proficiency, ranked #71 of 129 in AL (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 61 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $432 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Fayette 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 $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $50k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• 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 $58,750 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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?
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: 2.08% ✓
• Cap rate: 17.75%
• Cash-on-cash: 40.92%
• DSCR: 2.82
• GRM: 4.0

CMA / ARV

• ARV (median comp): $132,492
• List price: $62,500
• Delta: -52.83%
• Verdict: UNDERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
126 11th st St SW	0.11mi	3/1.0 (-1)	1,280 (-4%)	7mo	$149,900	$117	74
135 11th St St SW	0.08mi	3/2.0 (-1)	1,500 (+13%)	11mo	$137,000	$91	61
908 SW 2nd Ave	0.24mi	3/2.0 (-1)	1,234 (-7%)	14mo	$134,000	$109	60
652 6th St SW	0.45mi	3/2.0 (-1)	1,140 (-14%)	17mo	$25,000	$22	36
316 Columbus ST St W	0.67mi	3/1.0 (-1)	1,400 (+5%)	24mo	$65,000	$46	31

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: 37.4%
• Equity multiple: 2.59×
• Total profit: $27,898
• Equity at exit: $9,319

10-year hold

• IRR: 44.0%
• Equity multiple: 5.19×
• Total profit: $73,311
• Equity at exit: $5,404

Cash invested: $17,500 (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 35555

• Home prices YoY: -18.1%
• Active inventory: 61
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,302 medium
• Mortgage (P&I): −$328
• Tax est. 1.5%: −$78 /mo · $938/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$273
• Net cashflow: $597

Break-even live

Break-even rent $547

Max offer price $62,500

Occupancy floor 49%

Sensitivity live

Price	-10% $640	-5% $618	+0% $597	+5% $575	+10% $554
Rent	-10% $494	-5% $545	+0% $597	+5% $648	+10% $700
Rate	-1.0pp $628	-0.5pp $613	base $597	+0.5pp $581	+1.0pp $564

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: $15,625
• Closing costs: $1,875
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $62,500 Active 71 DOM
2. 2026-06-18
   days on market $62,500 Active 70 DOM
3. 2026-06-17
   days on market $62,500 Active 69 DOM
4. 2026-06-16
   days on market $62,500 Active 68 DOM
5. 2026-06-15
   days on market $62,500 Active 67 DOM
6. 2026-06-14
   days on market $62,500 Active 65 DOM
7. 2026-06-12
   days on market $62,500 Active 64 DOM
8. 2026-06-09
   days on market $62,500 Active 61 DOM
9. 2026-06-08
   days on market $62,500 Active 60 DOM
10. 2026-06-07
    days on market $62,500 Active 59 DOM
11. 2026-06-07
    days on market $62,500 Active 58 DOM
12. 2026-06-04
    days on market $62,500 Active 55 DOM
13. 2026-06-02
    days on market $62,500 Active 54 DOM
14. 2026-06-01
    days on market $62,500 Active 53 DOM
15. 2026-05-31
    days on market $62,500 Active 52 DOM
16. 2026-05-31
    days on market $62,500 Active 51 DOM
17. 2026-04-09
    listed $62,500 Active 261-char remark

    Show marketing remark (261 chars)

    Calling all investors! This property would make a beautiful home with a little work. This house offers 4 bedroom and 2 full bathrooms. The house is sold as is. Call today for a showing. One of the sellers is a licensed real estate agent in the state of Alabama.

18. 2025-08-11
    soldstatus $50,000 Sold 649-char remark

    Show marketing remark (649 chars)

    GREAT INVESTMENT PROPERTY OPPORTUNITY or home for handyman located in Fayette, AL. This property features spacious interiors with three bedrooms and two bathrooms. The open floor plan connects the living room, dining area, and kitchen, providing ample space for entertaining, along with a large family room. In addition, there is a storage building on the property, as well as an addition to the patio area. The home is conveniently located near local amenities. Don't miss the opportunity to add this one to your portfolio! (Updated photos to be added soon. Home is now nearly empty. ) Be aware that this property is to be sold with no warranties.

19. 2025-08-11
    soldstatus $50,000

    Show marketing remark (649 chars)

    GREAT INVESTMENT PROPERTY OPPORTUNITY or home for handyman located in Fayette, AL. This property features spacious interiors with three bedrooms and two bathrooms. The open floor plan connects the living room, dining area, and kitchen, providing ample space for entertaining, along with a large family room. In addition, there is a storage building on the property, as well as an addition to the patio area. The home is conveniently located near local amenities. Don't miss the opportunity to add this one to your portfolio! (Updated photos to be added soon. Home is now nearly empty. ) Be aware that this property is to be sold with no warranties.

20. 2025-07-24
    status Pending 649-char remark

    Show marketing remark (649 chars)

    GREAT INVESTMENT PROPERTY OPPORTUNITY or home for handyman located in Fayette, AL. This property features spacious interiors with three bedrooms and two bathrooms. The open floor plan connects the living room, dining area, and kitchen, providing ample space for entertaining, along with a large family room. In addition, there is a storage building on the property, as well as an addition to the patio area. The home is conveniently located near local amenities. Don't miss the opportunity to add this one to your portfolio! (Updated photos to be added soon. Home is now nearly empty. ) Be aware that this property is to be sold with no warranties.

21. 2025-07-23
    listed $54,995 Active 649-char remark

    Show marketing remark (649 chars)

    GREAT INVESTMENT PROPERTY OPPORTUNITY or home for handyman located in Fayette, AL. This property features spacious interiors with three bedrooms and two bathrooms. The open floor plan connects the living room, dining area, and kitchen, providing ample space for entertaining, along with a large family room. In addition, there is a storage building on the property, as well as an addition to the patio area. The home is conveniently located near local amenities. Don't miss the opportunity to add this one to your portfolio! (Updated photos to be added soon. Home is now nearly empty. ) Be aware that this property is to be sold with no warranties.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,625
• − Mortgage interest: −$3,501
• − Property taxes: −$938
• − Insurance: −$312
• − Repairs & maintenance: −$1,250
• − Management: −$1,250
• − Depreciation: −$1,818
• Taxable income: $6,556
• Est. tax owed @ 24.0%: −$1,573
• After-tax cash flow: $5,587/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: Fayette County
• NCES district ID: 0101470
• Math proficiency: 17% ▼ -25.00%
• Reading proficiency: 44% ▼ -1.00%
• Median HH income: $34,767
• Composite: 25.06/100
• National rank: #7540
• State rank: #71 of 129 in AL

Livability — Fayette

• Score: 64/100
• State rank: #158
• US rank: #14298

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fayette, AL
• Population (ZIP): 9,689

Population outlook (Fayette County) Hauer SSP2

• Today (2025): 15,631 people
• By 2030: 14,975 · -4.2%
• By 2040: 13,604 · -13.0%
• By 2050: 12,302 · -21.3%
• By 2075: 9,599 · -38.6%
• By 2100: 7,282 · -53.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 19% Two or more races 3%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 1% · Canada

Political lean MEDSL · Fayette

• 2024 margin: Solid R (+72.0) · D 13.7% · R 85.7%
• 2008→2024 swing: -23.1pp toward R · 2008: -48.9pp · 2024: -72.0pp
• All cycles: 2024: R+72.0 2020: R+67.4 2016: R+65.2 2012: R+53.5 2008: R+48.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.04%
• Current HPI: 190.5031
• 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

+13.6% since first listed

5 events — show timeline

• 2026-04-09 Listed $62,500 WAMLS
• 2025-08-11 Sold (Public Records) $50,000 Public Records
• 2025-08-11 Sold (MLS) $50,000 Greater Alabama MLS
• 2025-07-24 Pending — Greater Alabama MLS
• 2025-07-23 Listed $54,995 Greater Alabama MLS

Property tax history

-81.0%/yr

Latest (2015): $5 · -96.4% YoY. Source: county tax records.