31 3rd Ave · Ashville, AL 35953

$149,900

3 bd · 1.0 ba · 1,537 sqft · SingleFamily public records · 169 Days on market

Built 1972 0.27 ac lot Est $172k · 13% under

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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
• ARV discount +13.3/15.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• Schools +3.2/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

Key facts

• Hardwood flooring
• Fenced-in backyard
• 0.27 acre lot

Tags

• FOUR-SIDES BRICK CONSTRUCTION
• HARDWOOD FLOORING
• SCREENED IN BACK PORCH
• FENCED-IN BACKYARD
• PRIME LOCATION NEAR SHOPPING
• PRIME LOCATION NEAR DINING

Property features AI

Finance

• Financial info: Has down payment assistance
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; On-street parking
• Utilities: Public water; Septic system; Electric water heater; Internet service available; Ceiling fans
• Home design: Single-family existing home; Crawl space foundation; 4-side brick construction
• Construction: 4-side brick exterior; Crawl space foundation; Decks present (screened)
• Exterior features: Fenced yard; Screened porch; Screened deck

Interior

• Kitchen: Eating area; Laminate countertops; Built-in dishwasher; Electric oven; Refrigerator
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level
• Flooring: Carpet; Hardwood
• Bathrooms: Two full bathrooms; Tub/shower combo; Master bath on main level
• Heating & cooling: Central heating; Central air
• Interior features: Crown molding and smooth ceilings; One gas fireplace with gas logs in the family room; All window treatments remain; Living room
• Laundry & utility: Main-level laundry room; Washer hookup; Electric dryer hookup; Pull-down attic

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $657 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 3.7% in Ashville — 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 57/100 on livability (#385 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities F.
• St Clair County (rural): math 21% / reading 52% proficiency, ranked #33 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ashville Elementary School (math 27% / reading 57%, grade F, #213 of 627 statewide, top 37%, 506 students, 72% FRL); Ashville High School (math 27% / reading 27%, grade F, #90 of 305 statewide, top 35%, 385 students, 74% FRL) — zoned schools average 73% FRL vs 41% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 57 active listings in the ZIP; 557 units permitted in St. Clair County in 2024 (0 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 $4k of value loss. Plan a longer hold.
• St. Clair County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 169 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $70k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $63k; list at $150k implies a 138% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 169 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 1972 — 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: 1.33% ✓
• Cap rate: 11.55%
• Cash-on-cash: 18.77%
• DSCR: 1.84
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $172,144
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
36 9th Ave	0.26mi	3/2.0	1,647 (+7%)	19mo	$185,000	$112	56
10 Red Bud Ln	0.29mi	3/2.0	1,728 (+12%)	18mo	$199,000	$115	47
31970 US Highway 411	0.57mi	3/1.0	1,610 (+5%)	23mo	$142,500	$89	47

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: 10.5%
• Equity multiple: 1.42×
• Total profit: $17,484
• Equity at exit: $22,351

10-year hold

• IRR: 19.6%
• Equity multiple: 2.64×
• Total profit: $68,901
• Equity at exit: $12,961

Cash invested: $41,972 (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 35953

• Home prices YoY: -15.2%
• Active inventory: 57
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,995 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$71 /mo · $855/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$419
• Net cashflow: $657

Break-even live

Break-even rent $1,164

Max offer price $149,900

Occupancy floor 62%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 32 events

1. 2026-06-18
   days on market $149,900 Active 169 DOM
2. 2026-06-17
   days on market $149,900 Active 168 DOM
3. 2026-06-16
   days on market $149,900 Active 167 DOM
4. 2026-06-15
   days on market $149,900 Active 166 DOM
5. 2026-06-13
   days on market $149,900 Active 164 DOM
6. 2026-06-10
   days on market $149,900 Active 161 DOM
7. 2026-06-09
   days on market $149,900 Active 160 DOM
8. 2026-06-08
   days on market $149,900 Active 159 DOM
9. 2026-06-07
   days on market $149,900 Active 158 DOM
10. 2026-06-03
    days on market $149,900 Active 154 DOM
11. 2026-06-02
    days on market $149,900 Active 153 DOM
12. 2026-06-01
    days on market $149,900 Active 152 DOM
13. 2026-05-31
    days on market $149,900 Active 151 DOM
14. 2026-03-19
    price $149,900
15. 2026-03-04
    price $160,000
16. 2026-02-07
    price $189,900
17. 2026-01-13
    price $199,000
18. 2026-01-01
    listed $220,000 Active
19. 2020-06-15
    soldstatus $63,000 Sold 241-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

20. 2020-06-15
    soldstatus $63,000 Sold 236-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

21. 2020-05-07
    status Pending 241-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

22. 2020-05-07
    status Pending 236-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

23. 2020-05-05
    price $64,500 236-char remark

    Show marketing remark (241 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

24. 2020-05-05
    price $64,500 241-char remark

    Show marketing remark (241 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

25. 2020-04-03
    listed $69,500 Active 241-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

26. 2020-04-03
    listed $69,500 Active 236-char remark

    Show marketing remark (236 chars)

    Ashville - Downtown across from the Courthouse. 3 Bedroom 2 Bath Home. The Home appears to be Well Maintained. Once used as a Daycare 1673 +/- Sq Ft, Updated Bath, Hardwood Flooring, and a Carport. This one will not last long at $64,500

27. 2019-10-15
    price $111,000
28. 2019-10-05
    price $119,000
29. 2016-04-11
    historical
30. 2016-03-19
    soldstatus $90,000 Sold
31. 2016-02-24
    status Pending
32. 2015-10-30
    listed $99,900 Active

ⓘ 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: $855 · $71/mo
• Projected year-2 tax: $855 · $71/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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $23,945
• − Mortgage interest: −$8,397
• − Property taxes: −$855
• − Insurance: −$750
• − Repairs & maintenance: −$1,916
• − Management: −$1,916
• − Depreciation: −$4,361
• Taxable income: $5,751
• Est. tax owed @ 24.0%: −$1,380
• After-tax cash flow: $6,498/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: St Clair County
• NCES district ID: 0103062
• Math proficiency: 21% ▼ -34.00%
• Reading proficiency: 52% ▬ 0.00%
• Median HH income: $53,324
• Composite: 31.79/100
• National rank: #5887
• State rank: #33 of 129 in AL

Livability — Ashville

• Score: 57/100
• State rank: #385
• US rank: #21873

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ashville, AL
• Population (ZIP): 7,020

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 94,158 people
• By 2030: 97,008 · +3.0%
• By 2040: 101,615 · +7.9%
• By 2050: 104,537 · +11.0%
• By 2075: 109,350 · +16.1%
• By 2100: 106,785 · +13.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 8% Two or more races 2% Hispanic / Latino 2% Native American 1%
• Common ancestry: Italian 4% Serbian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · St. Clair

• 2024 margin: Solid R (+64.1) · D 17.6% · R 81.7%
• 2008→2024 swing: -0.9pp no change · 2008: -63.2pp · 2024: -64.1pp
• All cycles: 2024: R+64.1 2020: R+64.0 2016: R+68.6 2012: R+66.1 2008: R+63.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.36%
• Current HPI: 180.043
• 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

+50.1% since first listed

19 events — show timeline

• 2026-03-19 Price Changed $149,900 Greater Alabama MLS
• 2026-03-04 Price Changed $160,000 Greater Alabama MLS
• 2026-02-07 Price Changed $189,900 Greater Alabama MLS
• 2026-01-13 Price Changed $199,000 Greater Alabama MLS
• 2026-01-01 Listed $220,000 Greater Alabama MLS
• 2020-06-15 Sold (MLS) $63,000 Greater Alabama MLS
• 2020-06-15 Sold (MLS) $63,000 VMLS
• 2020-05-07 Pending — VMLS
• 2020-05-07 Pending — Greater Alabama MLS
• 2020-05-05 Price Changed $64,500 Greater Alabama MLS
• 2020-05-05 Price Changed $64,500 VMLS
• 2020-04-03 Listed $69,500 Greater Alabama MLS
• 2020-04-03 Listed $69,500 VMLS
• 2019-10-15 Price Changed $111,000 Greater Alabama MLS
• 2019-10-05 Price Changed $119,000 Greater Alabama MLS
• 2016-04-11 Delisted — Greater Alabama MLS
• 2016-03-19 Sold (MLS) $90,000 Greater Alabama MLS
• 2016-02-24 Pending — Greater Alabama MLS
• 2015-10-30 Listed $99,900 Greater Alabama MLS

Property tax history

+12.9%/yr

Latest (2025): $855 · +2.4% YoY. Source: county tax records.