112 Central Ave · Anniston, AL 36201

$28,900

3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 149 Days on market

Built 1940 8,276 sqft lot $23/sqft · 66% below area ↓ 3% 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 +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention investors, flippers, and contractors! This is a true value-add opportunity for those looking to take on a full renovation project. This property is in need of substantial repairs and is being sold as-is, making it ideal for an experienced buyer with vision. Located near downtown Anniston, this home offers convenient access to local shops, schools, and major roadways. With the right renovation, this property has strong potential as a flip, rental, or long-term hold. Call today to schedule your private showing.

Key facts

• Convenient access
• Major roadways
• Local shops

Tags

• FULL RENOVATION PROJECT
• CONVENIENT ACCESS
• LOCAL SHOPS
• MAJOR ROADWAYS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $29k.

Deal economics

• At list price, monthly cash flow is $650 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $29k).
• Recommended offer: $25k (12.0% below list) — sets the bar for market timing.
• Cap rate 36.1% vs local median 5.1% in Anniston — 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 58/100 on livability (#348 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, crime F, amenities F.
• Anniston City (urban): math 2% / reading 12% proficiency, ranked #128 of 129 in AL (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 73 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $200 of loan paydown is wiped out by about $867 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($25k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $25,432 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 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 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 3.89% ✓
• Cap rate: 36.06%
• Cash-on-cash: 106.31%
• DSCR: 5.73
• GRM: 2.1

CMA / ARV

• ARV (median comp): $85,538
• List price: $28,900
• Delta: -66.21%
• 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
118 W 35th St	0.36mi	2/1.0 (-1)	1,216 (-1%)	8mo	$88,000	$72	69
3912 Cross St N	0.18mi	2/1.0 (-1)	1,143 (-7%)	9mo	$67,000	$59	67
4108 Saks Rd	0.51mi	3/1.0	1,172 (-5%)	2mo	$139,500	$119	66
411 Rosewood Ave	0.43mi	3/2.0	1,314 (+7%)	11mo	$150,000	$114	56
2909 Mcclellan Blvd	0.72mi	3/1.5	1,174 (-5%)	4mo	$119,900	$102	53
2921 Walnut Ave	0.74mi	3/2.0	1,314 (+7%)	1mo	$28,000	$21	49
3014 Walnut Ave	0.70mi	3/1.5	1,150 (-7%)	10mo	$144,500	$126	46
4 Ridge St	0.61mi	3/1.0	1,062 (-14%)	4mo	$24,900	$23	45
326 W 41st St	0.62mi	3/1.0	1,387 (+13%)	8mo	$125,000	$90	44
4030 Ridge Dr	0.69mi	2/1.0 (-1)	1,115 (-10%)	6mo	$119,000	$107	42
6 Twine St	0.59mi	2/1.0 (-1)	1,140 (-8%)	17mo	$13,500	$12	41
300 E 30th St	0.72mi	3/1.0	1,324 (+8%)	20mo	$40,000	$30	37

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: 97.4%
• Equity multiple: 5.55×
• Total profit: $36,785
• Equity at exit: $4,309

10-year hold

• IRR: —
• Equity multiple: 11.57×
• Total profit: $85,542
• Equity at exit: $2,499

Cash invested: $8,092 (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 36201

• Active inventory: 73
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,125 medium
• Mortgage (P&I): −$152
• Tax from tax record: −$8 /mo · $96/yr
• Insurance: −$12
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $650

Break-even live

Break-even rent $301

Max offer price $28,900

Occupancy floor 37%

Sensitivity live

Price	-10% $667	-5% $659	+0% $650	+5% $642	+10% $634
Rent	-10% $562	-5% $606	+0% $650	+5% $695	+10% $739
Rate	-1.0pp $665	-0.5pp $658	base $650	+0.5pp $643	+1.0pp $635

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: $7,225
• Closing costs: $867
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
305 Dogwood Ave Anniston, AL	3.0	2.0	1015	$1,100	$1.08	44d	1	0.50mi
323 W 22nd St Anniston, AL	2.0	1.0	1194	$950	$0.80	44d	1	1.43mi
2117 Moore Ave Unit NA Anniston, AL	2.0	1.0	1102	$1,385	$1.26	44d	1	1.47mi

Listing history 18 events

1. 2026-06-19
   days on market $28,900 Active 149 DOM
2. 2026-06-18
   days on market $28,900 Active 148 DOM
3. 2026-06-17
   days on market $28,900 Active 147 DOM
4. 2026-06-16
   days on market $28,900 Active 146 DOM
5. 2026-06-15
   days on market $28,900 Active 145 DOM
6. 2026-06-14
   days on market $28,900 Active 143 DOM
7. 2026-06-13
   days on market $28,900 Active 142 DOM
8. 2026-06-10
   days on market $28,900 Active 140 DOM
9. 2026-06-09
   days on market $28,900 Active 139 DOM
10. 2026-06-08
    days on market $28,900 Active 138 DOM
11. 2026-06-07
    days on market $28,900 Active 137 DOM
12. 2026-06-05
    days on market $28,900 Active 134 DOM
13. 2026-06-02
    days on market $28,900 Active 132 DOM
14. 2026-06-01
    days on market $28,900 Active 131 DOM
15. 2026-05-31
    days on market $28,900 Active 130 DOM
16. 2026-05-30
    days on market $28,900 Active 129 DOM
17. 2026-02-03
    price $28,900 525-char remark

    Show marketing remark (525 chars)

    Attention investors, flippers, and contractors! This is a true value-add opportunity for those looking to take on a full renovation project. This property is in need of substantial repairs and is being sold as-is, making it ideal for an experienced buyer with vision. Located near downtown Anniston, this home offers convenient access to local shops, schools, and major roadways. With the right renovation, this property has strong potential as a flip, rental, or long-term hold. Call today to schedule your private showing.

18. 2026-01-15
    listed $29,900 Active 525-char remark

    Show marketing remark (525 chars)

    Attention investors, flippers, and contractors! This is a true value-add opportunity for those looking to take on a full renovation project. This property is in need of substantial repairs and is being sold as-is, making it ideal for an experienced buyer with vision. Located near downtown Anniston, this home offers convenient access to local shops, schools, and major roadways. With the right renovation, this property has strong potential as a flip, rental, or long-term hold. Call today to schedule your private showing.

ⓘ 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: $96 · $8/mo
• Projected year-2 tax: $118 · $10/mo
• Expected delta: +$22/yr (+$2/mo · 22.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 97% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,497
• − Mortgage interest: −$1,619
• − Property taxes: −$96
• − Insurance: −$942
• − Repairs & maintenance: −$1,080
• − Management: −$1,080
• − Depreciation: −$841
• Taxable income: $7,839
• Est. tax owed @ 24.0%: −$1,881
• After-tax cash flow: $5,924/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: Anniston City
• NCES district ID: 0100090
• Math proficiency: 2% ▼ -20.00%
• Reading proficiency: 12% ▼ -15.00%
• Median HH income: $31,824
• Composite: 5.36/100
• National rank: #10030
• State rank: #128 of 129 in AL

Livability — Anniston

• Score: 58/100
• State rank: #348
• US rank: #20680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anniston, AL
• City population: 19,220
• Population (ZIP): 17,406

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 47% Black 46% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 1% Scandinavian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -78.92%
• Current HPI: 59.1512
• 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

-3.3% since first listed

2 events — show timeline

• 2026-02-03 Price Changed $28,900 Greater Alabama MLS
• 2026-01-15 Listed $29,900 Greater Alabama MLS

Property tax history

+0.2%/yr

Latest (2025): $96 · +0.0% YoY. Source: county tax records.