503 Kimberly St · Albertville, AL 35950

$1

3 bd · 2.0 ba · 1,400 sqft · SingleFamily public records · 6 Days on market

Built 1978 1.41 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.1/30.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• 1% rule +1.4/10.0
• DSCR +0.4/10.0
• Appreciation +0.0/10.0

Listing remarks

Bid and Buy at Your Price! 3Bed / 2Bath Home in Albertville - Online Auction Open House - Monday, May 4th 1-4PM

Key facts

• 1.41 acre lot
• Garage
• Built 1978

Property features AI

Finance

• Other: Directions: Take a right off of Rose Rd onto W. McKinney Ave, then right onto Kimberly St; property will be on the right
• HOA & community: No homeowners association; Subdivision: Parklane

Exterior

• Parking: Attached one-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-story; Built in 1978; Residential property
• Construction: Living area approximately 1,400 square feet; One fireplace
• Exterior features: Covered patio

Interior

• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Fireplace (1) with standard features; Crawl space basement

🔨 Auction listing. The $1 list price is a nominal opening bid, not a real ask — every metric below is computed on the estimated value $175,439 (ARV from comps), not the list price.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $-329 ($-4k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).
• Cap rate 4.0% vs local median 2.6% in Albertville — 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 (#141 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Albertville City (town): math 17% / reading 39% proficiency, ranked #79 of 129 in AL (top 61%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Albertville Primary School (944 students, 82% FRL); Albertville Middle School (math 11% / reading 42%, grade F, #150 of 257 statewide, top 60%, 890 students, 78% FRL); Albertville High School (math 19% / reading 22%, grade F, #159 of 305 statewide, top 53%, 1,712 students, 73% FRL) — zoned schools average 78% FRL vs 59% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 110 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: property tax is 263158.5% of price.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.64% ✗
• Cap rate: 4.04%
• Cash-on-cash: -8.04%
• DSCR: 0.64
• GRM: 13.1

CMA / ARV

• ARV (median comp): $175,439
• List price: $1
• Delta: -100.00%
• 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
503 Kimberly St	0.00mi	3/2.0	1,400 (0%)	0mo	$172,150	$123	100
140 Ivy Park Cir	0.31mi	3/2.0	1,344 (-4%)	10mo	$231,465	$172	70
144 Ivy Park Cir	0.31mi	3/2.0	1,335 (-5%)	10mo	$239,400	$179	70
136 Ivy Park Cir	0.31mi	3/2.0	1,335 (-5%)	10mo	$235,900	$177	69
102 N Willow St	0.21mi	3/2.0	1,250 (-11%)	5mo	$189,000	$151	68
418 Briarwood Ave	0.57mi	3/2.0	1,437 (+3%)	2mo	$230,000	$160	67
813 Nelson Rd	0.64mi	3/2.0	1,450 (+4%)	1mo	$240,000	$166	63
142 Ivy Park Cir	0.29mi	2/2.0 (-1)	1,507 (+8%)	8mo	$224,900	$149	62
614 Rose Rd	0.35mi	3/2.0	1,250 (-11%)	8mo	$199,900	$160	59
134 Ivy Park Cir	0.31mi	4/2.0 (+1)	1,558 (+11%)	9mo	$253,900	$163	54
118 Ivy Park Cir	0.34mi	4/2.0 (+1)	1,558 (+11%)	10mo	$248,900	$160	52
205 E Alabama Ave E	0.74mi	2/1.0 (-1)	1,451 (+4%)	7mo	$190,000	$131	44

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: -30.4%
• Equity multiple: -0.01×
• Total profit: $-49,373
• Equity at exit: $26,159

10-year hold

• IRR: -32.4%
• Equity multiple: -0.42×
• Total profit: $-69,916
• Equity at exit: $15,169

Cash invested: $49,123 (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 35950

• Home prices YoY: -20.4%
• Active inventory: 110

Monthly cashflow live

• Estimated rent: $1,118 medium
• Mortgage (P&I): −$920
• Tax est. 1.5%: −$219 /mo · $2,632/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $-329

Break-even live

Break-even rent $1,535

Max offer price $127,816

Occupancy floor —

Sensitivity live

Price	-10% $-208	-5% $-268	+0% $-329	+5% $-390	+10% $-450
Rent	-10% $-417	-5% $-373	+0% $-329	+5% $-285	+10% $-241
Rate	-1.0pp $-241	-0.5pp $-284	base $-329	+0.5pp $-375	+1.0pp $-421

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: $43,860
• Closing costs: $5,263
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
206 N Emmett St Albertville, AL	2.0	1.0	1000	$895	$0.90	14d	1	0.36mi
1100 Corbin St Albertville, AL	4.0	2.0	1423	$1,475	$1.04	24d	1	1.15mi
1116 Compton Ave Albertville, AL	3.0	1.5	1200	$1,350	$1.12	14d	1	1.40mi

Listing history 2 events

1. 2026-05-07
   status Pending 112-char remark
2. 2026-05-01
   listed $1 Active 112-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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,417
• − Mortgage interest: −$9,827
• − Property taxes: −$2,632
• − Insurance: −$877
• − Repairs & maintenance: −$1,073
• − Management: −$1,073
• − Depreciation: −$5,104
• Taxable loss: −$7,169
• Est. tax savings @ 24.0%: +$1,721
• After-tax cash flow: $-2,229/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: Albertville City
• NCES district ID: 0100005
• Math proficiency: 17% ▼ -29.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $36,890
• Composite: 23.21/100
• National rank: #7940
• State rank: #79 of 129 in AL

Livability — Albertville

• Score: 65/100
• State rank: #141
• US rank: #13438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Albertville, AL
• Population (ZIP): 21,173

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 10% Native American 5% Black 3%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 1% Italian 1% Hispanic 1%
• Foreign-born: 13% · Canada
• Languages at home: 71% English-only · Spanish 28% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.37%
• Current HPI: 220.4214
• 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 events — show timeline

• 2026-06-08 Sold (MLS) $172,150 VMLS
• 2026-05-07 Pending — VMLS
• 2026-05-01 Listed $1 VMLS

Property tax history

+5.0%/yr

Latest (2025): $565 · +7.6% YoY. Source: county tax records.