137 3rd Ave · Parrish, AL 35580

$35,000

4 bd · 1.0 ba · 1,490 sqft · SingleFamily public records · 23 Days on market

Built 1940 ↓ 49% 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 +15.0/30.0
• Appreciation +9.4/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Schools +2.2/10.0

Listing remarks

Investor Special! 4 bed 1 bath 1792 square foot 1940 build on 5 city lots 0.7 acres in Parrish Al. Home has a lot of potential and is structurally sound. Quiet neighborhood plumbing and electrical have been updated. House needs a roof or at least patched as it has 2 current leaks. Several floor joists will need replaced as well as there is several weak spots in floor. Enter at your own risk! Even though previous owners lived here i would say the house is probably close to a full gut to modernize everything. Property will be conveyed via warranty deed! Trades are considered! Owner financing available with $7000 down and 10 percent interest. Term length no longer than 6 years! My number is 20

Key facts

• Built 1940
• Listed 23 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $954 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $34k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 46/100 on livability (#549 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: housing C-, schools D-, crime F.
• Walker County (rural): math 13% / reading 39% proficiency, ranked #89 of 129 in AL (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 18 active listings in the ZIP; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($242 loan paydown + $3k appreciation (8.7% local appreciation)).
• Walker County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.7% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~1 year — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $34,475 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 4.28% ✓
• Cap rate: 38.99%
• Cash-on-cash: 116.76%
• DSCR: 6.20
• GRM: 1.9

CMA / ARV

• ARV (on-the-fly): $83,440
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
285 White St	0.20mi	3/1.5 (-1)	1,444 (-3%)	9mo	$110,000	$76	71
85 Tucker Rd	0.62mi	3/1.0 (-1)	1,498 (+0%)	10mo	$11,000	$7	57
109 Levine St	0.54mi	3/1.0 (-1)	1,326 (-11%)	1mo	$63,000	$48	51
75 Henson Rd	0.39mi	3/2.0 (-1)	1,328 (-11%)	19mo	$75,000	$56	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

8.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 8.84×
• Total profit: $76,824
• Equity at exit: $28,356

10-year hold

• IRR: —
• Equity multiple: 19.16×
• Total profit: $177,952
• Equity at exit: $58,059

Cash invested: $9,800 (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 35580

• Home prices YoY: 3.9%
• Active inventory: 18
• Price-to-rent: 1.9×

Monthly cashflow live

• Estimated rent: $1,498 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$32 /mo · $380/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $954

Break-even live

Break-even rent $291

Max offer price $35,000

Occupancy floor 31%

Sensitivity live

Price	-10% $973	-5% $963	+0% $954	+5% $944	+10% $934
Rent	-10% $835	-5% $894	+0% $954	+5% $1,013	+10% $1,072
Rate	-1.0pp $971	-0.5pp $962	base $954	+0.5pp $944	+1.0pp $935

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $35,000 Active 23 DOM
2. 2026-06-17
   days on market $35,000 Active 22 DOM
3. 2026-06-16
   days on market $35,000 Active 21 DOM
4. 2026-06-15
   days on market $35,000 Active 20 DOM
5. 2026-06-13
   days on market $35,000 Active 18 DOM
6. 2026-06-13
   days on market $35,000 Active 17 DOM
7. 2026-06-10
   days on market $35,000 Active 15 DOM
8. 2026-06-09
   days on market $35,000 Active 14 DOM
9. 2026-06-08
   days on market $35,000 Active 13 DOM
10. 2026-06-07
    days on market $35,000 Active 12 DOM
11. 2026-06-05
    days on market $35,000 Active 9 DOM
12. 2026-06-03
    days on market $35,000 Active 8 DOM
13. 2026-06-03
    days on market $35,000 Active 7 DOM
14. 2026-06-01
    days on market $35,000 Active 6 DOM
15. 2026-05-31
    days on market $35,000 Active 5 DOM
16. 2026-05-26
    listed $35,000 Active
17. 2026-04-17
    soldstatus $68,500

ⓘ 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: $380 · $32/mo
• Projected year-2 tax: $380 · $32/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 ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,975
• − Mortgage interest: −$1,961
• − Property taxes: −$380
• − Insurance: −$175
• − Repairs & maintenance: −$1,438
• − Management: −$1,438
• − Depreciation: −$1,018
• Taxable income: $11,565
• Est. tax owed @ 24.0%: −$2,776
• After-tax cash flow: $8,667/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: Walker County
• NCES district ID: 0103450
• Math proficiency: 13% ▼ -28.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $36,664
• Composite: 21.51/100
• National rank: #8321
• State rank: #89 of 129 in AL

Livability — Parrish

• Score: 46/100
• State rank: #549
• US rank: #26522

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Parrish, AL
• Population (ZIP): 3,526

Population outlook (Walker County) Hauer SSP2

• Today (2025): 61,037 people
• By 2030: 58,391 · -4.3%
• By 2040: 53,080 · -13.0%
• By 2050: 48,031 · -21.3%
• By 2075: 37,799 · -38.1%
• By 2100: 29,001 · -52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 7% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Slovak 5% Italian 2% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+71.8) · D 13.8% · R 85.6%
• 2008→2024 swing: -25.4pp toward R · 2008: -46.4pp · 2024: -71.8pp
• All cycles: 2024: R+71.8 2020: R+67.9 2016: R+67.4 2012: R+52.9 2008: R+46.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.73%
• Current HPI: 235.753
• 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

-48.9% since first listed

2 events — show timeline

• 2026-05-26 Listed $35,000 FSBO.com
• 2026-04-17 Sold (Public Records) $68,500 Public Records

Property tax history

+11.6%/yr

Latest (2024): $380 · +0.0% YoY. Source: county tax records.