615 Hubbard St · Montgomery, AL 36106

$105,000

3 bd · 1.0 ba · 1,586 sqft · SingleFamily public records · 231 Days on market

Built 1938 $66/sqft · 50% below area Est $209k · 50% under

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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 +29.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

Key facts

• Formal dining room
• Spacious living area
• Enclosed porch

Tags

• ORIGINAL ROUND TOP DOOR
• SPACIOUS LIVING AREA
• ORIGINAL FIREPLACE
• ENCLOSED PORCH
• FORMAL DINING ROOM
• BREAKFAST AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $105k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $105k).
• Recommended offer: $92k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.6% vs local median 6.0% in Montgomery — 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 65/100 on livability (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• 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.
• Market conditions: Rents rising fast (+6.3%/yr); 137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 48% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $726 of loan paydown is wiped out by about $3k 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 + 6.3% rent growth), your $29k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 231 days — a 12% lower offer ($92k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 22y ago; this cycle's ask has dropped $30k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $69k; list at $105k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1938 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $92,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 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 1938 — 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: 1.27% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.21%
• DSCR: 1.68
• GRM: 6.5

CMA / ARV

• ARV (median comp): $208,942
• List price: $105,000
• Delta: -49.75%
• 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
615 Hubbard St	0.00mi	3/1.0	1,586 (0%)	0mo	$112,000	$71	100
3115 Lexington Rd	0.07mi	3/2.0	1,620 (+2%)	5mo	$226,000	$140	85
1935 Norman Bridge Rd	0.36mi	3/2.0	1,526 (-4%)	2mo	$57,237	$38	71
3417 Wellington Rd	0.23mi	3/2.0	1,722 (+9%)	1mo	$100,000	$58	70
1028 Magnolia Curv	0.45mi	3/1.5	1,661 (+5%)	1mo	$250,000	$151	68
3200 S Perry St	0.57mi	3/2.0	1,564 (-1%)	0mo	$60,000	$38	67
3357 S Hull St	0.40mi	3/1.0	1,413 (-11%)	3mo	$46,000	$33	61
1908 Norman Bridge Ct	0.32mi	3/2.0	1,762 (+11%)	2mo	$129,000	$73	61
3460 Cloverdale Rd	0.55mi	4/2.0 (+1)	1,562 (-2%)	3mo	$166,900	$107	60
641 E Edgemont Ave	0.34mi	4/1.5 (+1)	1,430 (-10%)	2mo	$143,000	$100	59
3469 Wellington Rd	0.32mi	3/2.0	1,782 (+12%)	3mo	$49,900	$28	58
426 Earl Pl	0.73mi	3/1.0	1,496 (-6%)	2mo	$20,000	$13	54

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 · 6.29% rent growth · sell at horizon

5-year hold

• IRR: 9.4%
• Equity multiple: 1.38×
• Total profit: $11,284
• Equity at exit: $15,656

10-year hold

• IRR: 21.1%
• Equity multiple: 3.06×
• Total profit: $60,428
• Equity at exit: $9,078

Cash invested: $29,400 (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 36106

• Home prices YoY: -13.1%
• Rents YoY: 6.3%
• Active inventory: 137
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $1,336 high
• Mortgage (P&I): −$551
• Tax from tax record: −$89 /mo · $1,065/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $373

Break-even live

Break-even rent $865

Max offer price $105,000

Occupancy floor 67%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3256 Montezuma Rd Montgomery, AL	3.0	2.0	1515	$1,450	$0.96	43d	1	0.17mi
3235 Norman Bridge Rd Montgomery, AL	3.0	1.0	1873	$900	$0.48	43d	1	0.21mi
906 E Fairview Ave Unit 902 Montgomery, AL	2.0	1.0	1100	$995	$0.90	21d	1	0.21mi
428 Thorn Pl Montgomery, AL	2.0	1.0	1549	$1,450	$0.94	43d	1	0.27mi
519 Thorn Pl Montgomery, AL	2.0	1.0	1632	$650	$0.40	21d	1	0.29mi
1919 Norman Bridge Ct Unit 1043838P Montgomery, AL	4.0	3.0	1539	$4,108	$2.67	43d	1	0.31mi
3357 Lexington Rd Montgomery, AL	2.0	1.0	1200	$1,175	$0.98	13d	1	0.32mi
3369 Montezuma Rd Montgomery, AL	3.0	1.0	1281	$1,150	$0.90	43d	1	0.36mi
3386 Lexington Rd Unit B Montgomery, AL	2.0	1.0	1950	$900	$0.46	21d	1	0.36mi
3338 S Hull St Montgomery, AL	2.0	2.0	1311	$1,150	$0.88	21d	1	0.43mi
3356 Audubon Rd Montgomery, AL	2.0	1.5	1340	$950	$0.71	43d	1	0.45mi
2727 Boultier St Montgomery, AL	1.0–3.0	1.0–2.0	1070	$1,582	$1.48	13d	3	0.46mi
3304 Gilmer Ave Montgomery, AL	4.0	2.0	2009	$1,400	$0.70	21d	1	0.47mi
139 Mount Vernon Dr Unit A Montgomery, AL	4.0	2.5	1700	$1,000	$0.59	43d	1	0.49mi
334 Felder Ave Montgomery, AL	3.0	2.0	2223	$2,395	$1.08	43d	1	0.54mi
105 Arlington Rd Unit B Montgomery, AL	2.0	1.0	1100	$925	$0.84	43d	1	0.55mi
3445 Le Bron Rd Montgomery, AL	4.0	1.0	1100	$1,050	$0.95	21d	1	0.64mi
3515 Norman Bridge Rd Unit A Montgomery, AL	2.0	1.0	1150	$1,150	$1.00	43d	1	0.71mi
3510 Bankhead Ave Montgomery, AL	3.0	3.0	2210	$2,250	$1.02	43d	1	0.75mi
3543 Berkley Dr Montgomery, AL	4.0	2.0	2067	$1,575	$0.76	13d	1	0.82mi
1259 S Lawrence St Montgomery, AL	3.0	1.0	1728	$1,300	$0.75	43d	1	0.84mi
1425 Blairwood Montgomery, AL	3.0	2.0	1700	$1,850	$1.09	13d	1	0.86mi
1450 Crenshaw Pl S Montgomery, AL	3.0	2.0	1641	$1,775	$1.08	43d	1	0.86mi
3544 Southmont Dr Montgomery, AL	4.0	1.5	1774	$1,300	$0.73	21d	1	0.89mi
1301 S Perry St Unit A Montgomery, AL	2.0	1.0	1100	$950	$0.86	13d	1	0.90mi
3608 Wilmington Rd Montgomery, AL	3.0	1.0	1160	$950	$0.82	43d	1	0.93mi
2043 Hazel Hedge Ln Montgomery, AL	4.0	3.0	2001	$1,650	$0.82	13d	1	0.96mi
1314 S Court St Montgomery, AL	2.0	2.0	1650	$1,495	$0.91	13d	1	1.00mi
24 Flood St Montgomery, AL	2.0	1.0	1140	$1,000	$0.88	21d	1	1.01mi
1020 S Lawrence St Montgomery, AL	2.0	1.0	1711	$2,000	$1.17	13d	1	1.02mi
3735 Bridlewood Dr Montgomery, AL	3.0	1.0	1386	$895	$0.65	43d	1	1.04mi
3649 Princeton Rd Montgomery, AL	3.0	1.0	1266	$1,200	$0.95	21d	1	1.12mi
2226 Carter Hill Rd Montgomery, AL	2.0	1.0	1506	$905	$0.60	43d	1	1.13mi
22 W Cromwell St Montgomery, AL	4.0	2.0	1645	$1,350	$0.82	21d	1	1.15mi
3737 Wesley Dr Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	43d	1	1.17mi
3708 Princeton Rd Montgomery, AL	2.0	2.0	1749	$900	$0.51	21d	1	1.18mi
3701 Wesley Dr Unit 3737 Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	43d	1	1.20mi
3720 Stanley Dr Montgomery, AL	4.0	2.0	1719	$1,650	$0.96	21d	1	1.21mi
1437 Beaumont Dr Montgomery, AL	4.0	2.0	2029	$1,500	$0.74	43d	1	1.22mi
2020 E 3rd St Montgomery, AL	2.0	1.0	1186	$750	$0.63	21d	1	1.24mi

Listing history 17 events

1. 2026-03-24
   price $105,000 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

2. 2026-02-23
   price $115,000 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

3. 2026-01-21
   price $120,000 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

4. 2025-12-12
   price $125,000 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

5. 2025-11-13
   price $130,000 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

6. 2025-10-01
   listed $134,900 Active 364-char remark

   Show marketing remark (364 chars)

   This home has a lot to offer with three good size bedrooms. Enter the beautiful original round top door into a spacious living area and original fireplace Ceilings are high with canned lighting. The enclosed porch which goes out onto the porch. There is a formal dining room as well as a breakfast area There's an adorable screened porch space off the kitchen. T

7. 2022-02-16
   listed $167,500
8. 2021-06-10
   listed $185,000
9. 2021-04-12
   soldstatus $69,000
10. 2021-04-02
    soldstatus $69,000
11. 2021-01-20
    listed $69,000
12. 2018-12-14
    soldstatus $62,000
13. 2018-06-26
    soldstatus $55,000
14. 2009-02-09
    listed $94,900
15. 2008-03-05
    listed $94,900
16. 2005-11-22
    soldstatus $90,000
17. 2004-12-14
    listed $94,500

ⓘ 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: $1,065 · $89/mo
• Projected year-2 tax: $1,065 · $89/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 19 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: $16,037
• − Mortgage interest: −$5,882
• − Property taxes: −$1,065
• − Insurance: −$525
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$3,055
• Taxable income: $2,945
• Est. tax owed @ 24.0%: −$707
• After-tax cash flow: $3,765/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): 14,065
• Household income: $69,087
• Rent vs Own: 43.8% rent · 56.2% own
• Severe rent burden: 876.0

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: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 47% Black 43% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Serbian 2% Slovak 2% Italian 1%
• Foreign-born: 4% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 3%

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: ▼ -22.82%
• Current HPI: 151.1822
• Rent YoY: ▲ 6.29%
• 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

+11.1% since first listed

17 events — show timeline

• 2026-03-24 Price Changed $105,000 MAAR
• 2026-02-23 Price Changed $115,000 MAAR
• 2026-01-21 Price Changed $120,000 MAAR
• 2025-12-12 Price Changed $125,000 MAAR
• 2025-11-13 Price Changed $130,000 MAAR
• 2025-10-01 Listed $134,900 MAAR
• 2022-02-16 Listed $167,500 MAAR
• 2021-06-10 Listed $185,000 MAAR
• 2021-04-12 Sold (Public Records) $69,000 Public Records
• 2021-04-02 Sold (MLS) $69,000 MAAR
• 2021-01-20 Listed $69,000 MAAR
• 2018-12-14 Sold (Public Records) $62,000 Public Records
• 2018-06-26 Sold (Public Records) $55,000 Public Records
• 2009-02-09 Listed $94,900 MAAR
• 2008-03-05 Listed $94,900 MAAR
• 2005-11-22 Sold (MLS) $90,000 MAAR
• 2004-12-14 Listed $94,500 MAAR

Property tax history

+8.5%/yr

Latest (2025): $1,065 · -3.8% YoY. Source: county tax records.