1301 Martin Luther King Blvd · Northport, AL 35476

$199,900

4 bd · 2.0 ba · 400 sqft · SingleFamily public records · 20 Days on market

Built 1950 4,791 sqft lot

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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).

• ARV discount +7.5/15.0
• Cash flow +7.2/30.0
• Livability +3.9/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• 1% rule +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for investment or residential use. The main house is spacious with 3 bedrooms and 2 baths, fully updated with new flooring, countertops, and bathrooms, along with new appliances. It is in excellent condition and move-in ready. The detached garage offers great storage and includes a 1-bedroom, 1-bath unit above. It is conveniently located near businesses, schools, and shopping.

Key facts

• Storage
• 1 bedroom unit
• Conveniently located

Tags

• DETACHED GARAGE
• STORAGE
• 1 BEDROOM UNIT
• 1 BATH UNIT
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Driveway parking
• Utilities: Public water; Gas water heater; Internet service availability unknown
• Home design: Existing property (year built: existing); 4-side brick construction
• Construction: 4-side brick exterior; Crawl space foundation
• Exterior features: No waterfront; No pool; No patio, deck, or garden/patio listed; Lot size approximately 0.11 acres; Not in a flood plain; No notable lot view

Interior

• Kitchen: Kitchen with laminate countertops; Refrigerator included
• Bedrooms: Master bedroom (main level); Additional bedroom (main level)
• Flooring: Hardwood laminate; Tile
• Bathrooms: 2 full bathrooms (including a master bath) — both on the main level
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Hardwood laminate and tile flooring; Gas fireplace with gas logs in the living room; Ceilings: other (see remarks); No additional interior features listed
• Laundry & utility: Main-level laundry room; Washer hookup and electric dryer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-279 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (24.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $115k (42.5% below list).
• Recommended offer: $115k (42.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#8 in AL, #2,686 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Tuscaloosa County (suburban): math 21% / reading 45% proficiency, ranked #47 of 129 in AL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Englewood Elementary School (math 19% / reading 48%, grade F, #318 of 627 statewide, top 51%, 512 students, 74% FRL); Hillcrest High School (math 18% / reading 26%, grade F, #142 of 305 statewide, top 51%, 1,356 students, 65% FRL) — zoned schools average 69% FRL vs 45% district-wide (24 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 44 active listings in the ZIP; 622 units permitted in Tuscaloosa County in 2024 (69 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 $6k of value loss. Plan a longer hold.
• Tuscaloosa County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask has dropped $35k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $200k implies a 304% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 53% 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 $114,927 (42.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.57% ✗
• Cap rate: 4.62%
• Cash-on-cash: -5.99%
• DSCR: 0.73
• GRM: 14.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -26.7%
• Equity multiple: 0.10×
• Total profit: $-50,295
• Equity at exit: $29,806

10-year hold

• IRR: -24.3%
• Equity multiple: -0.20×
• Total profit: $-67,132
• Equity at exit: $17,284

Cash invested: $55,972 (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 35476

• Home prices YoY: -32.3%
• Active inventory: 44
• Price-to-rent: 14.5×

Monthly cashflow live

• Estimated rent: $1,149 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$56 /mo · $670/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$241
• Net cashflow: $-279

Break-even live

Break-even rent $1,503

Max offer price $150,527

Occupancy floor —

Sensitivity live

Price	-10% $-166	-5% $-223	+0% $-279	+5% $-336	+10% $-393
Rent	-10% $-370	-5% $-325	+0% $-279	+5% $-234	+10% $-189
Rate	-1.0pp $-179	-0.5pp $-229	base $-279	+0.5pp $-331	+1.0pp $-384

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-21
   days on market $199,900 Active 20 DOM
2. 2026-06-18
   days on market $199,900 Active 17 DOM
3. 2026-06-17
   days on market $199,900 Active 16 DOM
4. 2026-06-16
   days on market $199,900 Active 15 DOM
5. 2026-06-15
   days on market $199,900 Active 14 DOM
6. 2026-06-14
   days on market $199,900 Active 12 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   pricedays on market $199,900 Active 11 DOM
9. 2026-06-10
   days on market $235,000 Active 9 DOM
10. 2026-06-09
    days on market $235,000 Active 8 DOM
11. 2026-06-08
    days on market $235,000 Active 7 DOM
12. 2026-06-07
    days on market $235,000 Active 6 DOM
13. 2026-06-05
    days on market $235,000 Active 3 DOM
14. 2026-06-03
    days on market $235,000 Active 2 DOM
15. 2026-06-02
    remarks 397-char remark
16. 2026-06-02
    listed $235,000 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: $670 · $56/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$150/yr (+$12/mo · 22.3%)

ⓘ 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 8/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 53% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,791
• − Mortgage interest: −$11,198
• − Property taxes: −$670
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,103
• − Management: −$1,103
• − Depreciation: −$5,815
• Taxable loss: −$7,098
• Est. tax savings @ 24.0%: +$1,703
• After-tax cash flow: $-1,650/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: Tuscaloosa County
• NCES district ID: 0103390
• Math proficiency: 21% ▼ -24.00%
• Reading proficiency: 45% ▲ 2.00%
• Median HH income: $53,000
• Composite: 28.88/100
• National rank: #6641
• State rank: #47 of 129 in AL

Livability — Northport

• Score: 78/100
• State rank: #8
• US rank: #2686

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northport, AL
• County: Tuscaloosa County · 206,491 people
• City population: 47,464
• Metro: Tuscaloosa, AL
• Population (ZIP): 8,521
• Household income: $61,154
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 281.0

Population outlook (Tuscaloosa County) Hauer SSP2

• Today (2025): 228,293 people
• By 2030: 240,551 · +5.4%
• By 2040: 263,856 · +15.6%
• By 2050: 286,491 · +25.5%
• By 2075: 335,783 · +47.1%
• By 2100: 370,520 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 50% White 40% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Cuban 2%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Tuscaloosa

• 2024 margin: Strong R (+20.4) · D 39.4% · R 59.8%
• 2008→2024 swing: -4.4pp toward R · 2008: -16.0pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+14.8 2016: R+19.5 2012: R+17.4 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.98%
• Current HPI: 219.7539
• Rent YoY: —
• Metro: Tuscaloosa, 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

+135.2% since first listed

8 events — show timeline

• 2026-06-01 Listed $235,000 Greater Alabama MLS
• 2026-06-01 Listed $235,000 WAMLS
• 2023-05-26 Sold (Public Records) $49,500 Public Records
• 2017-05-17 Sold (Public Records) $65,000 Public Records
• 2017-05-15 Sold (MLS) $65,000 WAMLS
• 2017-01-09 Listed $72,900 WAMLS
• 2017-01-09 Listed $72,900 WAMLS
• 2016-09-26 Listed $99,900 WAMLS

Property tax history

+2.2%/yr

Latest (2025): $670 · +6.9% YoY. Source: county tax records.