9 N Cannon Ave N · Sylacauga, AL 35150

$124,900

3 bd · 1.0 ba · 1,814 sqft · SingleFamily public records · 295 Days on market

Built 1950 9,147 sqft lot $69/sqft · 16% below area Est $148k · 16% under ↓ 24% 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 +18.6/30.0
• ARV discount +14.6/15.0
• DSCR +5.8/10.0
• 1% rule +3.7/10.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

Key facts

• New plumbing
• Fully renovated home
• New gas

Tags

• FULLY RENOVATED HOME
• NEW ELECTRICAL
• NEW PLUMBING
• NEW GAS
• NEW FLOORING
• NEW COUNTERTOPS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $108k (13.2% below list).
• Recommended offer: $108k (13.2% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.3% in Sylacauga — 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 64/100 on livability (#157 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety A-; Watch: schools D+, crime F, amenities F.
• Sylacauga City (town): math 20% / reading 45% proficiency, ranked #63 of 129 in AL (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 134 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 $864 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 295 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $45k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 50% chance of damaging wind over 30y; extreme-heat days projected 8→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $108,356 (13.2% below list)

Questions for the listing agent

1. It's been on market 295 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.87% ✗
• Cap rate: 7.46%
• Cash-on-cash: 4.15%
• DSCR: 1.18
• GRM: 9.6

CMA / ARV

• ARV (median comp): $148,107
• List price: $124,900
• Delta: -15.67%
• 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
205 S Cannon Ave	0.34mi	3/2.0	1,696 (-6%)	6mo	$173,000	$102	64
105 S Bolton Ave	0.47mi	3/2.0	1,650 (-9%)	3mo	$145,000	$88	56
205 S Norton Ave	0.68mi	3/2.0	1,831 (+1%)	11mo	$194,000	$106	54
1004 W 6th Pl	0.62mi	3/2.0	1,752 (-3%)	11mo	$172,000	$98	52
104 S Cannon Ave	0.16mi	4/3.0 (+1)	1,945 (+7%)	18mo	$220,000	$113	52
917 W Park St	0.66mi	3/2.0	1,605 (-12%)	0mo	$192,900	$120	46
204 Sara Lynn Dr	0.48mi	4/2.0 (+1)	1,620 (-11%)	6mo	$140,000	$86	45
1400 Lloyd Rd	0.66mi	3/2.0	1,590 (-12%)	0mo	$114,900	$72	44
418 Allen Dr	0.67mi	4/2.0 (+1)	1,954 (+8%)	6mo	$190,000	$97	42
107 S Hammett Ave	0.20mi	2/3.0 (-1)	2,052 (+13%)	18mo	$180,000	$88	41
1310 Terrace Rd	0.63mi	3/2.0	2,000 (+10%)	11mo	$229,000	$115	40
914 Heritage Dr	0.73mi	3/2.0	1,676 (-8%)	18mo	$210,000	$125	34

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: -9.9%
• Equity multiple: 0.64×
• Total profit: $-12,595
• Equity at exit: $18,623

10-year hold

• IRR: -0.5%
• Equity multiple: 0.96×
• Total profit: $-1,297
• Equity at exit: $10,799

Cash invested: $34,972 (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 35150

• Home prices YoY: -7.9%
• Active inventory: 134
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,084 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$28 /mo · $336/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $121

Break-even live

Break-even rent $930

Max offer price $124,900

Occupancy floor 84%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
123 Avondale Ave Sylacauga, AL	3.0	1.5	1316	$915	$0.70	43d	1	0.15mi
307 N Cannon Ave Sylacauga, AL	4.0	2.0	1540	$1,350	$0.88	43d	1	0.28mi

Listing history 26 events

1. 2026-06-19
   days on market $124,900 Active 295 DOM
2. 2026-06-18
   days on market $124,900 Active 294 DOM
3. 2026-06-17
   days on market $124,900 Active 293 DOM
4. 2026-06-16
   days on market $124,900 Active 292 DOM
5. 2026-06-15
   days on market $124,900 Active 291 DOM
6. 2026-06-14
   days on market $124,900 Active 289 DOM
7. 2026-06-12
   days on market $124,900 Active 288 DOM
8. 2026-06-09
   days on market $124,900 Active 285 DOM
9. 2026-06-08
   days on market $124,900 Active 284 DOM
10. 2026-06-07
    days on market $124,900 Active 283 DOM
11. 2026-06-07
    pricedays on market $124,900 Active 282 DOM
12. 2026-06-04
    days on market $129,900 Active 279 DOM
13. 2026-06-02
    days on market $129,900 Active 278 DOM
14. 2026-06-01
    days on market $129,900 Active 277 DOM
15. 2026-05-31
    days on market $129,900 Active 276 DOM
16. 2026-05-31
    days on market $129,900 Active 275 DOM
17. 2026-05-06
    price $129,900 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

18. 2026-04-09
    price $135,000 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

19. 2026-03-07
    price $139,900 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

20. 2026-02-19
    status Active 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

21. 2026-02-13
    historical 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

22. 2026-01-24
    price $147,500 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

23. 2025-11-29
    price $149,900 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

24. 2025-11-03
    price $154,900 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

25. 2025-10-06
    price $159,900 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. Call today to schedule your private showing.

26. 2025-08-20
    listed $169,900 Active 312-char remark

    Show marketing remark (312 chars)

    Fully renovated home in the heart of Sylacauga. Just minutes from downtown and located on a dead end street. This property has all new electrical, plumbing and gas. New flooring and countertops, as well as new paint throughout. Out back there is a small shed as well. 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: $336 · $28/mo
• Projected year-2 tax: $512 · $43/mo
• Expected delta: +$176/yr (+$15/mo · 52.5%)

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 70% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 8 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 50% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,003
• − Mortgage interest: −$6,996
• − Property taxes: −$336
• − Insurance: −$624
• − Repairs & maintenance: −$1,040
• − Management: −$1,040
• − Depreciation: −$3,633
• Taxable loss: −$668
• Est. tax savings @ 24.0%: +$160
• After-tax cash flow: $1,612/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: Sylacauga City
• NCES district ID: 0103120
• Math proficiency: 20% ▼ -25.00%
• Reading proficiency: 45% ▲ 4.00%
• Median HH income: $33,900
• Composite: 26.64/100
• National rank: #7170
• State rank: #63 of 129 in AL

Livability — Sylacauga

• Score: 64/100
• State rank: #157
• US rank: #14297

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sylacauga, AL
• City population: 17,118
• Population (ZIP): 17,118

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 (62%)
• Race & ethnicity: White 62% Black 32% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Hispanic 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 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: ▼ -20.65%
• Current HPI: 240.527
• 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

-23.5% since first listed

10 events — show timeline

• 2026-05-06 Price Changed $129,900 Greater Alabama MLS
• 2026-04-09 Price Changed $135,000 Greater Alabama MLS
• 2026-03-07 Price Changed $139,900 Greater Alabama MLS
• 2026-02-19 Relisted — Greater Alabama MLS
• 2026-02-13 Delisted — Greater Alabama MLS
• 2026-01-24 Price Changed $147,500 Greater Alabama MLS
• 2025-11-29 Price Changed $149,900 Greater Alabama MLS
• 2025-11-03 Price Changed $154,900 Greater Alabama MLS
• 2025-10-06 Price Changed $159,900 Greater Alabama MLS
• 2025-08-20 Listed $169,900 Greater Alabama MLS

Property tax history

+0.9%/yr

Latest (2025): $336 · +0.9% YoY. Source: county tax records.