3906 S Court St · Montgomery, AL 36105

$35,000

3 bd · 1.0 ba · 1,092 sqft · SingleFamily public records · 227 Days on market

Built 1950 0.29 ac lot $32/sqft · 28% above area Est $27k · 28% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Yes, opportunities still abound! This fixer is ready for a new look and new life. Don't miss this opportunity to renovate this cute, three bedroom, one level cute that's perfect for investors, looking to flip or buy and hold. Or, if you're a first time buyer or moving down and are open to renovating, this one's for you. Location offers quick access to all amenities and recreational living. Build out your own home the way you want to in the heart of Montgomery. Don't miss this, call today!

Key facts

• Recreational living
• Heart of montgomery
• Quick access

Tags

• QUICK ACCESS
• RECREATIONAL LIVING
• HEART OF MONTGOMERY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $709 ($9k/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: $31k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities D-.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Davis Elementary School (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 509 students, 97% FRL, charter); Bellingrath Middle School (math 0% / reading 12%, grade F, #252 of 257 statewide, top 98%, 607 students, 96% FRL, charter); Lanier Senior High School (math 2% / reading 12%, grade F, #265 of 305 statewide, top 89%, 798 students, 94% FRL) — zoned schools average 95% FRL vs 70% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 7% at this address vs 20% district-wide (-13 pts) — the specific schools serving this property underperform the Montgomery County average; the district grade overstates school quality for this exact location.
• Market conditions: 79 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• 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 227 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 10y ago; this cycle's ask has dropped $5k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $20k; list at $35k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 227 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 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. 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?
6. 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.
7. 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.
8. 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: 3.31% ✓
• Cap rate: 30.60%
• Cash-on-cash: 86.82%
• DSCR: 4.86
• GRM: 2.5

CMA / ARV

• ARV (median comp): $27,332
• List price: $35,000
• Delta: 28.06%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
76 W Clover Ln	0.16mi	3/1.0	1,118 (+2%)	2mo	$21,000	$19	87
3804 Southmont Dr	0.24mi	3/1.0	1,025 (-6%)	2mo	$40,000	$39	77
103 W Woodland Dr	0.33mi	3/1.0	1,080 (-1%)	9mo	$50,000	$46	75
4053 Rosa L Parks Ave	0.45mi	3/1.0	1,053 (-4%)	1mo	$83,000	$79	72
17 Davis Dr	0.39mi	3/1.0	1,063 (-3%)	7mo	$10,000	$9	72
501 Japonica St	0.43mi	3/1.0	1,053 (-4%)	3mo	$62,500	$59	71
223 Canna Dr	0.38mi	2/1.0 (-1)	1,045 (-4%)	2mo	$19,500	$19	68
4204 Rosa L Parks Ave	0.54mi	3/1.0	1,158 (+6%)	2mo	$22,500	$19	63
160 Beckview Dr	0.70mi	3/2.0	1,092 (0%)	5mo	$52,000	$48	59
330 National St	0.50mi	2/1.0 (-1)	1,150 (+5%)	6mo	$50,000	$43	58
713 W Patton Ave	0.61mi	4/1.0 (+1)	1,044 (-4%)	9mo	$65,000	$62	52
3448 Gilmer Ct	0.69mi	2/1.0 (-1)	974 (-11%)	7mo	$50,000	$51	39

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: 87.3%
• Equity multiple: 5.03×
• Total profit: $39,482
• Equity at exit: $5,219

10-year hold

• IRR: 90.4%
• Equity multiple: 10.44×
• Total profit: $92,511
• Equity at exit: $3,026

Cash invested: $9,800 (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 36105

• Home prices YoY: -32.6%
• Active inventory: 79
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,160 high
• Mortgage (P&I): −$184
• Tax from tax record: −$9 /mo · $107/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $709

Break-even live

Break-even rent $262

Max offer price $35,000

Occupancy floor 34%

Sensitivity live

Price	-10% $729	-5% $719	+0% $709	+5% $699	+10% $689
Rent	-10% $617	-5% $663	+0% $709	+5% $755	+10% $801
Rate	-1.0pp $727	-0.5pp $718	base $709	+0.5pp $700	+1.0pp $691

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4148 Edgar D Nixon Ave Montgomery, AL	4.0	1.0	1208	$1,200	$0.99	46d	1	0.28mi
3608 Wilmington Rd Montgomery, AL	3.0	1.0	1160	$950	$0.82	46d	1	0.46mi
370 Collinwood Ave Montgomery, AL	3.0	1.0	1080	$1,000	$0.93	23d	1	0.54mi
3515 Norman Bridge Rd Unit A Montgomery, AL	2.0	1.0	1150	$1,150	$1.00	46d	1	0.66mi
548 Winston Dr Montgomery, AL	2.0	2.5	1396	$1,000	$0.72	46d	1	0.66mi
763 Belvedere Dr Montgomery, AL	3.0	1.0	1044	$1,000	$0.96	46d	1	0.69mi
3751 Wesley Dr Apt A Montgomery, AL	2.0	1.0	1034	$550	$0.53	46d	1	0.73mi
4037 Oak St Montgomery, AL	3.0	2.0	1314	$1,450	$1.10	46d	1	0.73mi
3737 Wesley Dr Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	46d	1	0.75mi
3735 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	23d	1	0.75mi
3733 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	23d	1	0.75mi
3709 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	23d	1	0.75mi
3723 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	23d	1	0.76mi
3701 Wesley Dr Unit 3737 Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	46d	1	0.77mi
3701 Wesley Dr Unit 3723 Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	23d	1	0.77mi
3701 Wesley Dr Unit 3733 Montgomery, AL	3.0	1.0	1000	$1,280	$1.28	46d	1	0.77mi
253 John Morris Ave Montgomery, AL	3.0	1.0	912	$950	$1.04	23d	1	0.77mi
3394 Southmont Dr Unit 2 Montgomery, AL	2.0	1.0	810	$1,475	$1.82	46d	1	0.78mi
3394 Southmont Dr Unit 3 Montgomery, AL	2.0	1.0	810	$1,050	$1.30	46d	1	0.78mi
3735 Bridlewood Dr Montgomery, AL	3.0	1.0	1386	$895	$0.65	46d	1	0.80mi
3577 Whiting Ave Montgomery, AL	3.0	1.0	1269	$1,150	$0.91	46d	1	0.81mi
3649 Princeton Rd Montgomery, AL	3.0	1.0	1266	$1,200	$0.95	23d	1	0.87mi
3338 S Hull St Montgomery, AL	2.0	2.0	1311	$1,150	$0.88	23d	1	0.89mi
4724 S Court St Montgomery, AL	2.0	1.0	800	$485	$0.61	16d	1	0.90mi
3445 Le Bron Rd Montgomery, AL	4.0	1.0	1100	$1,050	$0.95	23d	1	0.91mi
3357 Lexington Rd Montgomery, AL	2.0	1.0	1200	$1,175	$0.98	16d	1	0.98mi
718 W Edgemont Ave Unit B Montgomery, AL	2.0	1.0	875	$800	$0.91	23d	1	0.98mi
718 W Edgemont Ave Unit A Montgomery, AL	3.0	1.0	875	$875	$1.00	46d	1	0.98mi
3369 Montezuma Rd Montgomery, AL	3.0	1.0	1281	$1,150	$0.90	46d	1	1.08mi
105 Arlington Rd Unit B Montgomery, AL	2.0	1.0	1100	$925	$0.84	46d	1	1.16mi
3220 Doris Cir Montgomery, AL	3.0	1.0	1139	$1,100	$0.97	46d	1	1.20mi
951 E Edgemont Ave Montgomery, AL	2.0	1.0	841	$750	$0.89	46d	1	1.23mi
945 E Edgemont Ave Unit 951 Montgomery, AL	2.0	1.0	841	$750	$0.89	46d	1	1.23mi
3356 Audubon Rd Montgomery, AL	2.0	1.5	1340	$950	$0.71	46d	1	1.25mi
4342 Sunshine Dr Montgomery, AL	3.0	2.0	1323	$1,250	$0.94	16d	1	1.30mi
1114 Druid Hills Dr Montgomery, AL	3.0	1.0	1192	$1,250	$1.05	23d	1	1.31mi
906 E Fairview Ave Unit 902 Montgomery, AL	2.0	1.0	1100	$995	$0.90	23d	1	1.47mi

Listing history 31 events

1. 2026-06-21
   days on market $35,000 Active 227 DOM
2. 2026-06-18
   days on market $35,000 Active 224 DOM
3. 2026-06-17
   days on market $35,000 Active 223 DOM
4. 2026-06-16
   days on market $35,000 Active 222 DOM
5. 2026-06-15
   days on market $35,000 Active 221 DOM
6. 2026-06-14
   days on market $35,000 Active 219 DOM
7. 2026-06-13
   days on market $35,000 Active 218 DOM
8. 2026-06-10
   days on market $35,000 Active 216 DOM
9. 2026-06-09
   days on market $35,000 Active 215 DOM
10. 2026-06-08
    days on market $35,000 Active 214 DOM
11. 2026-06-07
    days on market $35,000 Active 213 DOM
12. 2026-06-03
    days on market $35,000 Active 209 DOM
13. 2026-06-02
    days on market $35,000 Active 208 DOM
14. 2026-06-01
    days on market $35,000 Active 207 DOM
15. 2026-05-31
    days on market $35,000 Active 206 DOM
16. 2026-05-30
    days on market $35,000 Active 205 DOM
17. 2026-02-13
    price $35,000 493-char remark

    Show marketing remark (493 chars)

    Yes, opportunities still abound! This fixer is ready for a new look and new life. Don't miss this opportunity to renovate this cute, three bedroom, one level cute that's perfect for investors, looking to flip or buy and hold. Or, if you're a first time buyer or moving down and are open to renovating, this one's for you. Location offers quick access to all amenities and recreational living. Build out your own home the way you want to in the heart of Montgomery. Don't miss this, call today!

18. 2025-11-05
    listed $40,000 Active 493-char remark

    Show marketing remark (493 chars)

    Yes, opportunities still abound! This fixer is ready for a new look and new life. Don't miss this opportunity to renovate this cute, three bedroom, one level cute that's perfect for investors, looking to flip or buy and hold. Or, if you're a first time buyer or moving down and are open to renovating, this one's for you. Location offers quick access to all amenities and recreational living. Build out your own home the way you want to in the heart of Montgomery. Don't miss this, call today!

19. 2025-05-01
    status Active
20. 2025-04-02
    status Active
21. 2025-03-01
    historical Contingent
22. 2024-11-22
    listed $40,000 Active
23. 2024-06-18
    price $26,000
24. 2024-05-02
    listed $36,000 Active
25. 2022-11-10
    soldstatus $20,000
26. 2022-10-23
    listed $23,900
27. 2021-02-26
    soldstatus $13,000
28. 2020-01-24
    listed $17,900
29. 2018-12-03
    listed $14,900
30. 2017-11-21
    listed $24,000
31. 2016-07-29
    listed $25,000

ⓘ 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: $107 · $9/mo
• Projected year-2 tax: $144 · $12/mo
• Expected delta: +$37/yr (+$3/mo · 34.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $13,914
• − Mortgage interest: −$1,961
• − Property taxes: −$107
• − Insurance: −$175
• − Repairs & maintenance: −$1,113
• − Management: −$1,113
• − Depreciation: −$1,018
• Taxable income: $8,428
• Est. tax owed @ 24.0%: −$2,023
• After-tax cash flow: $6,485/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 9,207
• Household income: $41,486
• Rent vs Own: 39.9% rent · 60.1% own
• Severe rent burden: 679.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (83%)
• Race & ethnicity: Black 83% White 12% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.17%
• Current HPI: 64.4673
• Rent YoY: —
• Metro: Montgomery, AL
• 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

+40.0% since first listed

15 events — show timeline

• 2026-02-13 Price Changed $35,000 Greater Alabama MLS
• 2025-11-05 Listed $40,000 Greater Alabama MLS
• 2025-05-01 Relisted — MAAR
• 2025-04-02 Relisted — MAAR
• 2025-03-01 Contingent — MAAR
• 2024-11-22 Listed $40,000 MAAR
• 2024-06-18 Price Changed $26,000 MAAR
• 2024-05-02 Listed $36,000 MAAR
• 2022-11-10 Sold (MLS) $20,000 MAAR
• 2022-10-23 Listed $23,900 MAAR
• 2021-02-26 Sold (MLS) $13,000 MAAR
• 2020-01-24 Listed $17,900 MAAR
• 2018-12-03 Listed $14,900 MAAR
• 2017-11-21 Listed $24,000 MAAR
• 2016-07-29 Listed $25,000 MAAR

Property tax history

-5.6%/yr

Latest (2023): $107 · +35.3% YoY. Source: county tax records.