232 Brent St · Hamilton, AL 35570

$78,000

3 bd · 1.0 ba · 2,178 sqft · SingleFamily public records · 35 Days on market

Built 1974 $36/sqft · 60% below area Est $128k · 39% under ↓ 42% since listing

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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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome Home to the 3 bedroom 1.5 bath brick home on .6 of an acre. This move-in ready home features a cozy fireplace in the living room. This one is priced to sell. Take advantage of the low property taxes. Hurry before this one is gone!

Key facts

• Listed 35 days

Property features AI

Finance

• Other: Zoning information not provided
• Financial info: Financial details not provided
• HOA & community: Subdivision listed as 'na'

Exterior

• Parking: No parking on site
• Security: Security details not provided
• Utilities: Utility details not provided
• Home design: Single family residence; Residential property
• Construction: Construction details not provided
• Exterior features: Directions: From Bexar take a right on Guin, left on Linda, then right on Brent

Interior

• Kitchen: Kitchen details not provided
• Bedrooms: Bedroom details not provided
• Flooring: Flooring details not provided
• Bathrooms: Bathroom details not provided
• Heating & cooling: Heating and cooling details not provided
• Interior features: No interior details available
• Laundry & utility: Laundry and utility details not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $309 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($994 rent vs $78k).
• Recommended offer: $76k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 3.0% in Hamilton — 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 63/100 on livability (#190 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: schools D, amenities F, commute F.
• Marion County (rural): math 20% / reading 48% proficiency, ranked #56 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 93 active listings in the ZIP; 1 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $539 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Marion County population projected at -16% 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 ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($76k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $7k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,660 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. 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?
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: 1.27% ✓
• Cap rate: 11.05%
• Cash-on-cash: 16.98%
• DSCR: 1.76
• GRM: 6.5

CMA / ARV

• ARV (median comp): $127,654
• List price: $78,000
• Delta: -38.90%
• Verdict: UNDERPRICED
• Comps: 12 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 8.2%
• Equity multiple: 1.32×
• Total profit: $7,024
• Equity at exit: $11,630

10-year hold

• IRR: 17.4%
• Equity multiple: 2.44×
• Total profit: $31,371
• Equity at exit: $6,744

Cash invested: $21,840 (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 35570

• Home prices YoY: -7.8%
• Active inventory: 93
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $994 medium
• Mortgage (P&I): −$409
• Tax from tax record: −$35 /mo · $414/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $309

Break-even live

Break-even rent $603

Max offer price $78,000

Occupancy floor 64%

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: $19,500
• Closing costs: $2,340
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $78,000 Active 35 DOM
2. 2026-06-18
   days on market $78,000 Active 34 DOM
3. 2026-06-17
   pricedays on market $78,000 Active 33 DOM
4. 2026-06-16
   days on market $85,000 Active 32 DOM
5. 2026-06-15
   days on market $85,000 Active 31 DOM
6. 2026-06-14
   days on market $85,000 Active 29 DOM
7. 2026-06-12
   days on market $85,000 Active 28 DOM
8. 2026-06-09
   days on market $85,000 Active 25 DOM
9. 2026-06-08
   days on market $85,000 Active 24 DOM
10. 2026-06-07
    days on market $85,000 Active 23 DOM
11. 2026-06-04
    days on market $85,000 Active 19 DOM
12. 2026-06-02
    days on market $85,000 Active 18 DOM
13. 2026-06-01
    days on market $85,000 Active 17 DOM
14. 2026-05-31
    days on market $85,000 Active 16 DOM
15. 2026-05-31
    days on market $85,000 Active 15 DOM
16. 2026-05-12
    listed $85,000 Active 142-char remark
17. 2024-01-15
    listed $145,000 Active
18. 2023-02-28
    soldstatus $126,000 Sold

    Show marketing remark (243 chars)

    Welcome Home to the 3 bedroom 1.5 bath brick home on .6 of an acre. This move-in ready home features a cozy fireplace in the living room. This one is priced to sell. Take advantage of the low property taxes. Hurry before this one is gone!

19. 2023-02-09
    status Pending

    Show marketing remark (243 chars)

    Welcome Home to the 3 bedroom 1.5 bath brick home on .6 of an acre. This move-in ready home features a cozy fireplace in the living room. This one is priced to sell. Take advantage of the low property taxes. Hurry before this one is gone!

20. 2023-01-18
    price $129,000

    Show marketing remark (243 chars)

    Welcome Home to the 3 bedroom 1.5 bath brick home on .6 of an acre. This move-in ready home features a cozy fireplace in the living room. This one is priced to sell. Take advantage of the low property taxes. Hurry before this one is gone!

21. 2022-12-07
    listed $135,000 Active

    Show marketing remark (243 chars)

    Welcome Home to the 3 bedroom 1.5 bath brick home on .6 of an acre. This move-in ready home features a cozy fireplace in the living room. This one is priced to sell. Take advantage of the low property taxes. Hurry before this one is gone!

ⓘ 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: $414 · $35/mo
• Projected year-2 tax: $414 · $35/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,927
• − Mortgage interest: −$4,369
• − Property taxes: −$414
• − Insurance: −$390
• − Repairs & maintenance: −$954
• − Management: −$954
• − Depreciation: −$2,269
• Taxable income: $2,576
• Est. tax owed @ 24.0%: −$618
• After-tax cash flow: $3,091/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: Marion County
• NCES district ID: 0102310
• Math proficiency: 20% ▼ -29.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $32,048
• Composite: 27.69/100
• National rank: #6911
• State rank: #56 of 129 in AL

Livability — Hamilton

• Score: 63/100
• State rank: #190
• US rank: #15568

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hamilton, AL
• City population: 10,621
• Population (ZIP): 10,621

Population outlook (Marion County) Hauer SSP2

• Today (2025): 28,759 people
• By 2030: 27,834 · -3.2%
• By 2040: 25,974 · -9.7%
• By 2050: 24,129 · -16.1%
• By 2075: 20,179 · -29.8%
• By 2100: 16,341 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Two or more races 6% Black 5% Hispanic / Latino 2%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+81.7) · D 8.8% · R 90.5%
• 2008→2024 swing: -25.6pp toward R · 2008: -56.1pp · 2024: -81.7pp
• All cycles: 2024: R+81.7 2020: R+77.8 2016: R+76.2 2012: R+61.5 2008: R+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -13.98%
• Current HPI: 166.1943
• 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

-42.2% since first listed

7 events — show timeline

• 2026-06-17 Price Changed $78,000 Walker County Area MLS
• 2026-05-12 Listed $85,000 Walker County Area MLS
• 2024-01-15 Listed $145,000 SAARMLS
• 2023-02-28 Sold (MLS) $126,000 VMLS
• 2023-02-09 Pending — VMLS
• 2023-01-18 Price Changed $129,000 VMLS
• 2022-12-07 Listed $135,000 VMLS

Property tax history

+5.1%/yr

Latest (2025): $414 · +7.8% YoY. Source: county tax records.