301 15th Ave SW · Childersburg, AL 35044

$34,900

3 bd · 1.5 ba · 1,560 sqft · SingleFamily · 56 Days on market

Built 1960 Poor condition 0.55 ac lot $22/sqft · 81% below area ↓ 30% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks

This 3-bedroom, 1.5 bath home offers a compelling opportunity for investors or buyers seeking a full-scale project. The home features a classic brick exterior, an attached carport, and a spacious lot. The existing structure presents a layout with generous proportions and a fireplace, offering a starting point for those looking to undertake a complete transformation. Whether restoring or exploring new possibilities, the property’s value lies in its location, lot size, and future potential. Ideal for those ready to bring fresh vision and maximize upside, this is a rare chance to create something new in an established area with long-term potential.

Key facts

• Brick exterior
• Attached carport
• Lot size

Tags

• BRICK EXTERIOR
• ATTACHED CARPORT
• SPACIOUS LOT
• FIREPLACE
• LOT SIZE

Property features AI

Finance

• Financial info: Down payment assistance available
• HOA & community: No association fee

Exterior

• Parking: Attached front-entry garage with 1 garage space (main level)
• Security: No security features listed
• Utilities: Public water; Connected sewer; Electric water heater; Ceiling fans; Internet availability unknown
• Home design: Existing construction; Single-story layout (all rooms listed on main level); Tri-level/split-level/loft not present
• Construction: Brick over foundation and wood siding; Crawl space foundation
• Exterior features: No waterfront; No pool; No patio, decks, or garden/patio indicated; Public road access; Lot view: none; Flood plain: no

Interior

• Kitchen: Kitchen on main level
• Bedrooms: Three bedrooms, all on main level
• Flooring: Hardwood; Tile
• Bathrooms: One full bath; One half bath; Tub/shower combo
• Heating & cooling: No heat; No air conditioning
• Interior features: Hardwood and tile floors; Ceiling details: other (see remarks); Wood-burning fireplace with brick surround in the living room; No additional interior amenities listed
• Laundry & utility: No specific laundry details listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $35k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $611 ($7k/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 (3.0% below list) — sets the bar for market timing.
• Cap rate 27.3% vs local median 3.1% in Childersburg — 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 54/100 on livability (#457 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: crime F, amenities F, commute F.
• Talladega County (rural): math 15% / reading 44% proficiency, ranked #75 of 129 in AL (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Childersburg Elementary School (math 17% / reading 47%, grade F, #331 of 627 statewide, top 57%, 240 students, 80% FRL); Childersburg High School (math 8% / reading 27%, grade F, #190 of 305 statewide, top 63%, 355 students, 82% FRL) — zoned schools average 81% FRL vs 64% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 99 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $241 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Talladega County population projected at -14% 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($34k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 37% 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 $33,853 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-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: 3.09% ✓
• Cap rate: 27.30%
• Cash-on-cash: 75.04%
• DSCR: 4.34
• GRM: 2.7

CMA / ARV

• ARV (median comp): $182,993
• List price: $34,900
• Delta: -80.93%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
140 David Rd	0.18mi	4/2.0 (+1)	1,506 (-4%)	4mo	$115,000	$76	75
118 College Park Dr	0.33mi	3/2.0	1,340 (-14%)	1mo	$214,560	$160	58
50 Taylor Ln	0.33mi	3/2.0	1,340 (-14%)	1mo	$192,510	$144	58
105 Yellowhammer Dr	0.52mi	4/2.0 (+1)	1,459 (-6%)	1mo	$220,600	$151	58
248 College Park Dr	0.40mi	4/2.0 (+1)	1,459 (-6%)	11mo	$210,000	$144	54
13 Yellowhammer Dr	0.52mi	3/2.0	1,402 (-10%)	4mo	$205,000	$146	54
123 Dogwood St	0.52mi	3/2.5	1,689 (+8%)	12mo	$241,240	$143	48
702 4th St SW	0.52mi	3/1.0	1,392 (-11%)	10mo	$167,000	$120	47
506 3rd St SW	0.64mi	3/2.0	1,352 (-13%)	3mo	$184,000	$136	44
914 SW Avenue A	0.52mi	2/1.0 (-1)	1,650 (+6%)	19mo	$106,000	$64	44
84 Taylor Ln	0.52mi	4/2.0 (+1)	1,459 (-6%)	19mo	$233,590	$160	42
259 College Park Dr	0.52mi	3/2.0	1,340 (-14%)	10mo	$218,240	$163	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: 74.9%
• Equity multiple: 4.41×
• Total profit: $33,281
• Equity at exit: $5,204

10-year hold

• IRR: 78.6%
• Equity multiple: 9.10×
• Total profit: $79,162
• Equity at exit: $3,018

Cash invested: $9,772 (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 35044

• Home prices YoY: -17.8%
• Active inventory: 99
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $1,079 medium
• Mortgage (P&I): −$183
• Tax est. 1.5%: −$44 /mo · $524/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $611

Break-even live

Break-even rent $305

Max offer price $34,900

Occupancy floor 38%

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: $8,725
• Closing costs: $1,047
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
788 6th Ave SW Childersburg, AL	3.0	2.0	1100	$1,150	$1.05	3d	1	0.75mi
101 8th St NE Childersburg, AL	3.0	1.0	1080	$1,000	$0.93	19d	1	0.81mi

Listing history 18 events

1. 2026-06-19
   days on market $34,900 Active 56 DOM
2. 2026-06-18
   days on market $34,900 Active 55 DOM
3. 2026-06-17
   days on market $34,900 Active 54 DOM
4. 2026-06-16
   days on market $34,900 Active 53 DOM
5. 2026-06-15
   days on market $34,900 Active 52 DOM
6. 2026-06-14
   days on market $34,900 Active 50 DOM
7. 2026-06-13
   days on market $34,900 Active 49 DOM
8. 2026-06-10
   days on market $34,900 Active 47 DOM
9. 2026-06-09
   days on market $34,900 Active 46 DOM
10. 2026-06-08
    days on market $34,900 Active 45 DOM
11. 2026-06-07
    days on market $34,900 Active 44 DOM
12. 2026-06-05
    days on market $34,900 Active 41 DOM
13. 2026-06-03
    days on market $34,900 Active 40 DOM
14. 2026-06-02
    days on market $34,900 Active 39 DOM
15. 2026-06-01
    days on market $34,900 Active 38 DOM
16. 2026-05-31
    days on market $34,900 Active 37 DOM
17. 2026-05-30
    days on market $34,900 Active 36 DOM
18. 2026-04-24
    listed $49,900 Active 659-char remark

ⓘ 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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 37% 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: $12,946
• − Mortgage interest: −$1,955
• − Property taxes: −$524
• − Insurance: −$174
• − Repairs & maintenance: −$1,036
• − Management: −$1,036
• − Depreciation: −$1,015
• Taxable income: $7,206
• Est. tax owed @ 24.0%: −$1,729
• After-tax cash flow: $5,603/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive renovation, including new cabinets, fixtures, roofing, siding, flooring, drywall, and HVAC components. Landscaping improvements are also needed. The potential resale and rental value is high with a complete transformation.

Repairs flagged

• Major Kitchen cabinets — Exposed framing
• Major Bathroom fixtures — Exposed framing
• Major Roof shingles — Exposed framing
• Major Exterior siding — Exposed framing
• Major Flooring — Exposed framing
• Major Interior drywall — Exposed framing
• Major HVAC components — Exposed framing

Value-add opportunities

• Resale New kitchen cabinets — Modernizes the space and adds value
• Resale New bathroom fixtures — Enhances functionality and appeal
• Resale New roof shingles — Improves curb appeal and longevity
• Resale New exterior siding — Enhances curb appeal and durability
• Resale New flooring — Modernizes the space and adds value
• Resale New interior drywall — Improves aesthetics and functionality
• Resale New HVAC components — Ensures comfort and energy efficiency
• Both Landscaping — Enhances curb appeal and adds value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Exposed framing	Major	$15,000–50,000
Bathroom fixtures · Exposed framing	Major	$15,000–50,000
Roof shingles · Exposed framing	Major	$15,000–50,000
Exterior siding · Exposed framing	Major	$15,000–50,000
Flooring · Exposed framing	Major	$15,000–50,000
Interior drywall · Exposed framing	Major	$15,000–50,000
HVAC components · Exposed framing	Major	$15,000–50,000
Total estimated repair cost · 7 items		$105,000–350,000

Value-add ROI direction

• Resale New kitchen cabinets — Modernizes the space and adds value ↑
• Resale New bathroom fixtures — Enhances functionality and appeal ↑
• Resale New roof shingles — Improves curb appeal and longevity ↑
• Resale New exterior siding — Enhances curb appeal and durability ↑
• Resale New flooring — Modernizes the space and adds value ↑
• Resale New interior drywall — Improves aesthetics and functionality ↑
• Resale New HVAC components — Ensures comfort and energy efficiency ↑
• Both Landscaping — Enhances curb appeal and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Talladega County
• NCES district ID: 0103180
• Math proficiency: 15% ▼ -24.00%
• Reading proficiency: 44% ▲ 3.00%
• Median HH income: $37,715
• Composite: 24.5/100
• National rank: #7650
• State rank: #75 of 129 in AL

Livability — Childersburg

• Score: 54/100
• State rank: #457
• US rank: #23818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Childersburg, AL
• City population: 8,225
• Population (ZIP): 8,225

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (61%)
• Race & ethnicity: White 61% Black 35% Asian 2% Two or more races 1%
• Common ancestry: Italian 2% Slovak 2% Greek 2%
• Foreign-born: 1% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 2% Korean 1%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.76%
• Current HPI: 160.56
• 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

-30.1% since first listed

2 events — show timeline

• 2026-05-27 Price Changed $34,900 Greater Alabama MLS
• 2026-04-24 Listed $49,900 Greater Alabama MLS