121 Taylor St · Piedmont, AL 36272

$104,900

2 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 29 Days on market

Built 1920 6,969 sqft lot Est $109k · at est.

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Why this score? — see what drove the D 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 +14.2/30.0
• ARV discount +9.0/15.0
• DSCR +4.3/10.0
• 1% rule +4.0/10.0
• Schools +4.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

What a cute Bungalow that would be a perfect starter home or a home for someone wanting to downsize. This well maintained home offers 2 spacious bedrooms, one full bath, living room and an eat in-kitchen. Home has original hardwood floors, metal roof, tankless water heater. Outside you will find a great flat lot with fenced backyard for the kiddos or the family pet. Home is located in the heart of Piedmont, Home of The Chief Ladiga Trail, Terrapin Creek & one of the best School Systems in the State.

Key facts

• Metal roof
• Flat lot
• Fenced backyard

Tags

• ORIGINAL HARDWOOD FLOORS
• METAL ROOF
• TANKLESS WATER HEATER
• FENCED BACKYARD
• FLAT LOT
• CHIEF LADIGA TRAIL

Property features AI

Finance

• Other: Property has paved road access with curb and gutters; Lot size approximately 0.16 acres; Not in a flood plain; Subdivision: Standard Coosa Thatcher
• Financial info: Down payment assistance available

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Tankless water heater; Internet available — Charter Spectrum & AT&T
• Home design: Existing residence; Siding (other)
• Construction: Crawl space foundation
• Exterior features: Fenced yard; Porch

Interior

• Kitchen: Eating area; Laminate countertops; Dishwasher (built-in); Refrigerator; Electric stove
• Bedrooms: Two bedrooms on the main level; Linen closet
• Flooring: Hardwood; Tile; Vinyl
• Bathrooms: One full bath (main level)
• Heating & cooling: Central heating; Central air conditioning (electric)
• Interior features: Ceilings: other (see remarks); No additional interior features listed
• Laundry & utility: Laundry on the main level; Washer hookup; Electric dryer hookup; Attic present

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $17 ($205/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $94k (10.5% below list).
• Recommended offer: $94k (10.5% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.5% in Piedmont — 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 (#402 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Piedmont City (town): math 40% / reading 57% proficiency, ranked #14 of 129 in AL (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Piedmont Elementary School (math 50% / reading 66%, grade C+, #72 of 627 statewide, top 12%, 534 students, 64% FRL); Piedmont High School (math 22% / reading 32%, grade F, #90 of 305 statewide, top 35%, 342 students, 62% FRL).
• Market conditions: 88 active listings in the ZIP; 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 $725 of loan paydown is wiped out by about $3k 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.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,929 (10.5% below list)

Questions for the listing agent

1. Built in 1920 — 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. 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?
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: 0.90% ✗
• Cap rate: 6.49%
• Cash-on-cash: 0.70%
• DSCR: 1.03
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $108,544
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
121 Taylor St	0.00mi	2/1.0	1,024 (0%)	1mo	$108,500	$106	99
602 E Ladiga St	0.28mi	2/1.0	1,088 (+6%)	5mo	$40,000	$37	72
303 Southern Ave	0.34mi	2/1.0	994 (-3%)	12mo	$105,000	$106	69
120 Old Ladiga Rd	0.39mi	2/1.0	1,052 (+3%)	15mo	$45,000	$43	64
605 Logan St	0.48mi	2/1.0	952 (-7%)	12mo	$60,000	$63	56
612 Morgan St	0.26mi	3/1.0 (+1)	904 (-12%)	9mo	$110,000	$122	56
411 Cedartown Hwy	0.49mi	2/1.0	1,085 (+6%)	14mo	$87,500	$81	56
119 S Church St	0.55mi	2/1.0	892 (-13%)	2mo	$97,500	$109	51
203 Shady Grove Rd	0.67mi	3/1.0 (+1)	1,000 (-2%)	13mo	$125,000	$125	49
508 Main St N	0.54mi	2/1.0	1,149 (+12%)	18mo	$153,500	$134	39
308 W Alabama St	0.64mi	2/1.0	891 (-13%)	20mo	$48,000	$54	32

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: -15.2%
• Equity multiple: 0.46×
• Total profit: $-15,895
• Equity at exit: $15,641

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-12,381
• Equity at exit: $9,070

Cash invested: $29,372 (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 36272

• Home prices YoY: -10.2%
• Active inventory: 88
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $939 medium
• Mortgage (P&I): −$550
• Tax est. 1.5%: −$131 /mo · $1,574/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$197
• Net cashflow: $17

Break-even live

Break-even rent $918

Max offer price $104,900

Occupancy floor 93%

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: $26,225
• Closing costs: $3,147
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-19
   status Pending
2. 2026-04-22
   historical Contingent
3. 2026-04-20
   listed $104,900 Active

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,271
• − Mortgage interest: −$5,876
• − Property taxes: −$1,574
• − Insurance: −$524
• − Repairs & maintenance: −$902
• − Management: −$902
• − Depreciation: −$3,052
• Taxable loss: −$1,558
• Est. tax savings @ 24.0%: +$374
• After-tax cash flow: $579/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: Piedmont City
• NCES district ID: 0102760
• Math proficiency: 40% ▼ -14.00%
• Reading proficiency: 57% ▲ 6.00%
• Median HH income: $32,302
• Composite: 39.78/100
• National rank: #3881
• State rank: #14 of 129 in AL

Livability — Piedmont

• Score: 57/100
• State rank: #402
• US rank: #22342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piedmont, AL
• City population: 12,996
• Population (ZIP): 12,996

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: Predominantly White (90%)
• Race & ethnicity: White 90% Black 5% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Russian 2% Serbian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

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: ▼ -21.87%
• Current HPI: 192.177
• 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

3 events — show timeline

• 2026-05-19 Pending — Greater Alabama MLS
• 2026-04-22 Contingent — Greater Alabama MLS
• 2026-04-20 Listed $104,900 Greater Alabama MLS

Property tax history

+5.2%/yr

Latest (2025): $147 · +0.0% YoY. Source: county tax records.