2409 Walnut Ave · Anniston, AL 36201

$79,900

2 bd · 2.0 ba · 814 sqft · SingleFamily public records · 81 Days on market

Built 1963 10,454 sqft lot $98/sqft · 105% above 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 +9.1/10.0
• ARV discount +7.5/15.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully renovated and move-in ready! This 2BR/2BA home at 2409 Walnut Ave in Anniston has been completely updated with a new roof, new LVP flooring throughout, and fresh paint inside and out. Located in Cobb Elem, Anniston Middle, and Anniston High School zones. The layout has been improved with the addition of a second full bathroom, providing added functionality and convenience. The updated kitchen and bathrooms offer a clean, modern feel, making this property truly turn-key with no updates needed. Listing agent and business partner are both owners of this legal entity and are both actively licensed real estate brokers. Buyer to verify all information.

Key facts

• Fresh paint
• Updated bathrooms
• Updated kitchen

Tags

• NEW ROOF
• NEW LVP FLOORING
• FRESH PAINT
• UPDATED KITCHEN
• UPDATED BATHROOMS
• SECOND FULL BATHROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $75k (6.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 5.1% in Anniston — 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 58/100 on livability (#348 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.
• Anniston City (urban): math 2% / reading 12% proficiency, ranked #128 of 129 in AL (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Randolph Park Elementary School (math 2% / reading 22%, grade F, #536 of 627 statewide, top 88%, 337 students, 95% FRL); Anniston Middle School (math 2% / reading 0%, grade F, #257 of 257 statewide, top 100%, 393 students, 91% FRL); Anniston High School (math 2% / reading 12%, grade F, #265 of 305 statewide, top 89%, 466 students, 86% FRL) — zoned schools at 91% FRL track the district average.
• Market conditions: 73 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Calhoun 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 $22k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($75k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $32k; list at $80k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 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 1963 — 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 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?
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: 1.41% ✓
• Cap rate: 12.41%
• Cash-on-cash: 21.85%
• DSCR: 1.97
• GRM: 5.9

CMA / ARV

• ARV (median comp): $38,949
• List price: $79,900
• Delta: 105.14%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2916 Mckleroy Ave	0.51mi	2/1.0	756 (-7%)	2mo	$80,000	$106	59
3030 Moore Ave	0.65mi	2/1.0	928 (+14%)	1mo	$22,500	$24	42
3006 Mckleroy Ave	0.60mi	3/1.0 (+1)	784 (-4%)	18mo	$18,000	$23	42

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: 14.5%
• Equity multiple: 1.58×
• Total profit: $12,969
• Equity at exit: $11,913

10-year hold

• IRR: 23.2%
• Equity multiple: 2.99×
• Total profit: $44,592
• Equity at exit: $6,908

Cash invested: $22,372 (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 36201

• Active inventory: 73
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,126 high
• Mortgage (P&I): −$419
• Tax from tax record: −$30 /mo · $364/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $407

Break-even live

Break-even rent $611

Max offer price $79,900

Occupancy floor 59%

Sensitivity live

Price	-10% $453	-5% $430	+0% $407	+5% $385	+10% $362
Rent	-10% $318	-5% $363	+0% $407	+5% $452	+10% $496
Rate	-1.0pp $448	-0.5pp $428	base $407	+0.5pp $387	+1.0pp $366

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2117 Moore Ave Unit NA Anniston, AL	2.0	1.0	1102	$1,385	$1.26	45d	1	0.26mi
1605 W 21st St Anniston, AL	3.0	1.0	970	$950	$0.98	45d	1	1.06mi
305 Dogwood Ave Anniston, AL	3.0	2.0	1015	$1,100	$1.08	45d	1	1.09mi
1414 Marguerite Ave Unit 7 Anniston, AL	2.0	1.0	1000	$750	$0.75	45d	1	1.24mi
1130 Christine Ave Apt 16 Anniston, AL	1.0	1.0	700	$625	$0.89	45d	1	1.27mi

Listing history 24 events

1. 2026-06-22
   days on market $79,900 Active 81 DOM
2. 2026-06-19
   days on market $79,900 Active 79 DOM
3. 2026-06-18
   days on market $79,900 Active 78 DOM
4. 2026-06-17
   days on market $79,900 Active 77 DOM
5. 2026-06-16
   days on market $79,900 Active 76 DOM
6. 2026-06-15
   days on market $79,900 Active 75 DOM
7. 2026-06-14
   days on market $79,900 Active 73 DOM
8. 2026-06-13
   days on market $79,900 Active 72 DOM
9. 2026-06-10
   days on market $79,900 Active 70 DOM
10. 2026-06-09
    days on market $79,900 Active 69 DOM
11. 2026-06-08
    days on market $79,900 Active 68 DOM
12. 2026-06-07
    days on market $79,900 Active 67 DOM
13. 2026-06-05
    days on market $79,900 Active 64 DOM
14. 2026-06-02
    days on market $79,900 Active 62 DOM
15. 2026-06-01
    days on market $79,900 Active 61 DOM
16. 2026-05-31
    days on market $79,900 Active 60 DOM
17. 2026-05-30
    days on market $79,900 Active 59 DOM
18. 2026-05-07
    price $89,900 660-char remark

    Show marketing remark (660 chars)

    Fully renovated and move-in ready! This 2BR/2BA home at 2409 Walnut Ave in Anniston has been completely updated with a new roof, new LVP flooring throughout, and fresh paint inside and out. Located in Cobb Elem, Anniston Middle, and Anniston High School zones. The layout has been improved with the addition of a second full bathroom, providing added functionality and convenience. The updated kitchen and bathrooms offer a clean, modern feel, making this property truly turn-key with no updates needed. Listing agent and business partner are both owners of this legal entity and are both actively licensed real estate brokers. Buyer to verify all information.

19. 2026-05-07
    price $94,900 660-char remark

    Show marketing remark (660 chars)

    Fully renovated and move-in ready! This 2BR/2BA home at 2409 Walnut Ave in Anniston has been completely updated with a new roof, new LVP flooring throughout, and fresh paint inside and out. Located in Cobb Elem, Anniston Middle, and Anniston High School zones. The layout has been improved with the addition of a second full bathroom, providing added functionality and convenience. The updated kitchen and bathrooms offer a clean, modern feel, making this property truly turn-key with no updates needed. Listing agent and business partner are both owners of this legal entity and are both actively licensed real estate brokers. Buyer to verify all information.

20. 2026-04-01
    listed $99,900 Active 660-char remark

    Show marketing remark (660 chars)

    Fully renovated and move-in ready! This 2BR/2BA home at 2409 Walnut Ave in Anniston has been completely updated with a new roof, new LVP flooring throughout, and fresh paint inside and out. Located in Cobb Elem, Anniston Middle, and Anniston High School zones. The layout has been improved with the addition of a second full bathroom, providing added functionality and convenience. The updated kitchen and bathrooms offer a clean, modern feel, making this property truly turn-key with no updates needed. Listing agent and business partner are both owners of this legal entity and are both actively licensed real estate brokers. Buyer to verify all information.

21. 2025-08-06
    status Pending 313-char remark

    Show marketing remark (313 chars)

    This 2- bedroom, 1-bathroom home is ready for its next chapter! Sitting on a nice, spacious lot, this property is the perfect opportunity for investors, DIY enthusiasts, or anyone looking to put their personal touch on a fixer-upper. With a vision and a little TLC, it could be transformed into something special!

22. 2025-08-06
    soldstatus $32,000 Sold 313-char remark

    Show marketing remark (313 chars)

    This 2- bedroom, 1-bathroom home is ready for its next chapter! Sitting on a nice, spacious lot, this property is the perfect opportunity for investors, DIY enthusiasts, or anyone looking to put their personal touch on a fixer-upper. With a vision and a little TLC, it could be transformed into something special!

23. 2025-07-18
    price $39,000 313-char remark

    Show marketing remark (313 chars)

    This 2- bedroom, 1-bathroom home is ready for its next chapter! Sitting on a nice, spacious lot, this property is the perfect opportunity for investors, DIY enthusiasts, or anyone looking to put their personal touch on a fixer-upper. With a vision and a little TLC, it could be transformed into something special!

24. 2025-06-26
    listed $45,000 Active 313-char remark

    Show marketing remark (313 chars)

    This 2- bedroom, 1-bathroom home is ready for its next chapter! Sitting on a nice, spacious lot, this property is the perfect opportunity for investors, DIY enthusiasts, or anyone looking to put their personal touch on a fixer-upper. With a vision and a little TLC, it could be transformed into something special!

ⓘ 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: $364 · $30/mo
• Projected year-2 tax: $364 · $30/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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 21 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: $13,518
• − Mortgage interest: −$4,476
• − Property taxes: −$364
• − Insurance: −$400
• − Repairs & maintenance: −$1,081
• − Management: −$1,081
• − Depreciation: −$2,324
• Taxable income: $3,792
• Est. tax owed @ 24.0%: −$910
• After-tax cash flow: $3,978/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: Anniston City
• NCES district ID: 0100090
• Math proficiency: 2% ▼ -20.00%
• Reading proficiency: 12% ▼ -15.00%
• Median HH income: $31,824
• Composite: 5.36/100
• National rank: #10030
• State rank: #128 of 129 in AL

Livability — Anniston

• Score: 58/100
• State rank: #348
• US rank: #20680

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: Anniston, AL
• City population: 19,220
• Population (ZIP): 17,406

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 47% Black 46% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 1% Scandinavian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.92%
• Current HPI: 59.1512
• 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

+99.8% since first listed

7 events — show timeline

• 2026-05-07 Price Changed $89,900 WAMLS
• 2026-05-07 Price Changed $94,900 WAMLS
• 2026-04-01 Listed $99,900 WAMLS
• 2025-08-06 Pending — Greater Alabama MLS
• 2025-08-06 Sold (MLS) $32,000 Greater Alabama MLS
• 2025-07-18 Price Changed $39,000 Greater Alabama MLS
• 2025-06-26 Listed $45,000 Greater Alabama MLS

Property tax history

+2.5%/yr

Latest (2025): $364 · +0.0% YoY. Source: county tax records.