1104 3rd Ave S · Clanton, AL 35045

$130,000

3 bd · 2.5 ba · 1,660 sqft · SingleFamily · 151 Days on market

Built 1900 Average condition 9,147 sqft lot $78/sqft · 22% below area Est $167k · 22% under ↓ 16% since listing

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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 +22.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Livability +3.1/5.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious brick home offers over 1,600 square feet, ideal for a growing family. The laundry room is conveniently located by the kitchen, and the separate dining room with hardwood floors connects to the living area—great for entertaining. Neutral tones and stained wood trim flow throughout. The kitchen features ample counters and attractive cabinetry. Enjoy two living areas, each with a brick fireplace, and a bright primary bedroom with fresh paint. Easy-clean floors, crisp white trim, and large windows add to the home's appeal. The bathroom awaits your personal touch.

Key facts

• 9,147 sq ft lot
• 2 parking spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $130k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $229 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.4% in Clanton — 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 61/100 on livability (#259 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime D-, amenities F.
• Chilton County (rural): math 15% / reading 34% proficiency, ranked #94 of 129 in AL (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 125 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 25 units permitted in Chilton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Chilton County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 64% 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 $114,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 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 1900 — 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. Crime grade is D 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?
7. 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.
8. 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.
9. 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: 1.10% ✓
• Cap rate: 8.41%
• Cash-on-cash: 7.55%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $167,153
• List price: $130,000
• Delta: -22.23%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
906 6th Ave N	0.52mi	3/2.0	1,673 (+1%)	2mo	$180,000	$108	71
140 Searcy Ln	0.64mi	3/2.0	1,568 (-6%)	9mo	$230,000	$147	52
115 Sara Ln	0.65mi	3/2.0	1,558 (-6%)	8mo	$253,000	$162	51
1199 Pipes Ave	0.40mi	3/2.0	1,517 (-9%)	17mo	$165,000	$109	51
165 Searcy Ln	0.62mi	3/2.0	1,776 (+7%)	23mo	$265,000	$149	38
303 2nd Ave S	0.75mi	3/2.0	1,764 (+6%)	23mo	$185,000	$105	33

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: -4.8%
• Equity multiple: 0.82×
• Total profit: $-6,457
• Equity at exit: $19,383

10-year hold

• IRR: 4.9%
• Equity multiple: 1.36×
• Total profit: $13,247
• Equity at exit: $11,240

Cash invested: $36,400 (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 35045

• Home prices YoY: -25.8%
• Active inventory: 125
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,427 high
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $229

Break-even live

Break-even rent $1,137

Max offer price $130,000

Occupancy floor 79%

Sensitivity live

Price	-10% $319	-5% $274	+0% $229	+5% $184	+10% $139
Rent	-10% $116	-5% $173	+0% $229	+5% $285	+10% $342
Rate	-1.0pp $294	-0.5pp $262	base $229	+0.5pp $195	+1.0pp $161

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
57 Park Dr S Clanton, AL	3.0	2.0	1192	$1,200	$1.01	44d	1	1.36mi
87 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	24d	1	1.38mi
85 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	24d	1	1.38mi
89 Park Dr S Clanton, AL	3.0	2.5	1344	$1,495	$1.11	24d	1	1.38mi
91 Park Dr S Clanton, AL	2.0	2.5	1204	$1,395	$1.16	24d	1	1.38mi

Listing history 11 events

1. 2026-06-10
   days on market $130,000 Active 151 DOM
2. 2026-06-09
   days on market $130,000 Active 150 DOM
3. 2026-06-08
   days on market $130,000 Active 149 DOM
4. 2026-06-07
   days on market $130,000 Active 148 DOM
5. 2026-06-03
   days on market $130,000 Active 144 DOM
6. 2026-06-02
   days on market $130,000 Active 143 DOM
7. 2026-06-01
   days on market $130,000 Active 142 DOM
8. 2026-05-31
   days on market $130,000 Active 141 DOM
9. 2026-05-10
   price $130,000 585-char remark

   Show marketing remark (585 chars)

   This spacious brick home offers over 1,600 square feet, ideal for a growing family. The laundry room is conveniently located by the kitchen, and the separate dining room with hardwood floors connects to the living area—great for entertaining. Neutral tones and stained wood trim flow throughout. The kitchen features ample counters and attractive cabinetry. Enjoy two living areas, each with a brick fireplace, and a bright primary bedroom with fresh paint. Easy-clean floors, crisp white trim, and large windows add to the home's appeal. The bathroom awaits your personal touch.

10. 2026-02-11
    price $150,000 585-char remark

    Show marketing remark (585 chars)

    This spacious brick home offers over 1,600 square feet, ideal for a growing family. The laundry room is conveniently located by the kitchen, and the separate dining room with hardwood floors connects to the living area—great for entertaining. Neutral tones and stained wood trim flow throughout. The kitchen features ample counters and attractive cabinetry. Enjoy two living areas, each with a brick fireplace, and a bright primary bedroom with fresh paint. Easy-clean floors, crisp white trim, and large windows add to the home's appeal. The bathroom awaits your personal touch.

11. 2026-01-10
    listed $155,000 Active 585-char remark

    Show marketing remark (585 chars)

    This spacious brick home offers over 1,600 square feet, ideal for a growing family. The laundry room is conveniently located by the kitchen, and the separate dining room with hardwood floors connects to the living area—great for entertaining. Neutral tones and stained wood trim flow throughout. The kitchen features ample counters and attractive cabinetry. Enjoy two living areas, each with a brick fireplace, and a bright primary bedroom with fresh paint. Easy-clean floors, crisp white trim, and large windows add to the home's appeal. The bathroom awaits your personal touch.

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% 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: $17,125
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,370
• − Management: −$1,370
• − Depreciation: −$3,782
• Taxable income: $722
• Est. tax owed @ 24.0%: −$173
• After-tax cash flow: $2,575/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.

Condition & rehab AI · 10 photos

Average 55/100 Moderate rehab

This spacious brick home requires moderate renovations to update the kitchen and bathrooms, paint interior walls, and replace flooring and landscaping. The home is currently in average condition and has potential for significant value increase.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate kitchen countertops — dated and worn
• Moderate kitchen flooring — dated and worn
• Moderate bathroom fixtures — dated and worn
• Moderate bathroom tile — dated and worn

Value-add opportunities

• Both update kitchen cabinets and countertops — modernizing the kitchen will appeal to buyers and renters
• Both update bathrooms with new fixtures and tile — modernizing bathrooms will appeal to buyers and renters
• Both paint interior walls — fresh paint will make the home more appealing and easier to sell
• Both replace flooring in living areas — new flooring will make the home more appealing and easier to sell
• Both landscape and improve curb appeal — improved landscaping will make the home more appealing and easier to sell

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
kitchen countertops · dated and worn	Moderate	$3,000–15,000
kitchen flooring · dated and worn	Moderate	$3,000–15,000
bathroom fixtures · dated and worn	Moderate	$3,000–15,000
bathroom tile · dated and worn	Moderate	$3,000–15,000
Total estimated repair cost · 5 items		$15,000–75,000

Value-add ROI direction

• Both update kitchen cabinets and countertops — modernizing the kitchen will appeal to buyers and renters ↑
• Both update bathrooms with new fixtures and tile — modernizing bathrooms will appeal to buyers and renters ↑
• Both paint interior walls — fresh paint will make the home more appealing and easier to sell ↑
• Both replace flooring in living areas — new flooring will make the home more appealing and easier to sell ↑
• Both landscape and improve curb appeal — improved landscaping will make the home more appealing and easier to sell ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Chilton County
• NCES district ID: 0100660
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $41,269
• Composite: 20.73/100
• National rank: #8520
• State rank: #94 of 129 in AL

Livability — Clanton

• Score: 61/100
• State rank: #259
• US rank: #18072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clanton, AL
• County: Chilton County · 15,324 people
• City population: 15,324
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 15,324
• Household income: $65,907
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 326.0

Population outlook (Chilton County) Hauer SSP2

• Today (2025): 44,064 people
• By 2030: 43,694 · -0.8%
• By 2040: 42,168 · -4.3%
• By 2050: 39,667 · -10.0%
• By 2075: 31,397 · -28.7%
• By 2100: 21,319 · -51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Hispanic / Latino 7% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Chilton

• 2024 margin: Solid R (+72.1) · D 13.7% · R 85.8%
• 2008→2024 swing: -14.3pp toward R · 2008: -57.8pp · 2024: -72.1pp
• All cycles: 2024: R+72.1 2020: R+67.4 2016: R+66.6 2012: R+60.3 2008: R+57.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.21%
• Current HPI: 187.6339
• Rent YoY: —
• Metro: Birmingham-Hoover, 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

-16.1% since first listed

3 events — show timeline

• 2026-05-10 Price Changed $130,000 Greater Alabama MLS
• 2026-02-11 Price Changed $150,000 Greater Alabama MLS
• 2026-01-10 Listed $155,000 Greater Alabama MLS