141 S Central Ave · Alexander City, AL 35010

$78,000

4 bd · 1.0 ba · 2,678 sqft · SingleFamily public records · 385 Days on market

Built 1940 6,098 sqft lot ↓ 1% 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 +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

Key facts

• Real hardwood floors
• 6,098 sq ft lot
• Garage

Tags

• REAL HARDWOOD FLOORS
• JACK AND JILL BATHROOM
• SEVERAL ROOMS UPSTAIRS

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $583 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $69k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.3% vs local median 0.6% in Alexander City — 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 55/100 on livability (#426 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools F, crime F, amenities F.
• Alexander City (town): math 18% / reading 39% proficiency, ranked #77 of 129 in AL (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 205 active listings in the ZIP; 218 units permitted in Tallapoosa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $539 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Tallapoosa County population projected at -22% 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 $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 385 days — a 12% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $17k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 55% 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 $68,640 (12.0% below list)

Questions for the listing agent

1. It's been on market 385 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. 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 F-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: 1.82% ✓
• Cap rate: 15.26%
• Cash-on-cash: 32.01%
• DSCR: 2.42
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $251,732
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
430 Valley Rd	0.59mi	4/3.5	2,391 (-11%)	6mo	$225,000	$94	40

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: 27.0%
• Equity multiple: 2.12×
• Total profit: $24,488
• Equity at exit: $11,630

10-year hold

• IRR: 34.6%
• Equity multiple: 4.17×
• Total profit: $69,191
• Equity at exit: $6,744

Cash invested: $21,840 (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 35010

• Home prices YoY: -22.3%
• Active inventory: 205
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,420 medium
• Mortgage (P&I): −$409
• Tax est. 1.5%: −$98 /mo · $1,170/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $583

Break-even live

Break-even rent $682

Max offer price $78,000

Occupancy floor 54%

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: $19,500
• Closing costs: $2,340
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $78,000 Active 385 DOM
2. 2026-06-18
   days on market $78,000 Active 384 DOM
3. 2026-06-17
   days on market $78,000 Active 383 DOM
4. 2026-06-16
   days on market $78,000 Active 382 DOM
5. 2026-06-15
   days on market $78,000 Active 381 DOM
6. 2026-06-14
   days on market $78,000 Active 379 DOM
7. 2026-06-12
   days on market $78,000 Active 378 DOM
8. 2026-06-09
   days on market $78,000 Active 375 DOM
9. 2026-06-09
   status $78,000 Active 374 DOM
10. 2026-03-23
    status Pending 631-char remark

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

11. 2026-03-23
    status Pending

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

12. 2026-02-19
    price $78,000 631-char remark

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

13. 2026-02-19
    price $78,000

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

14. 2026-02-19
    price $78,000

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

15. 2025-09-02
    price $85,000

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

16. 2025-09-02
    price $85,000 631-char remark

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

17. 2025-09-02
    price $85,000

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

18. 2025-03-14
    listed $95,000 Active 631-char remark

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

19. 2025-03-14
    listed $95,000 Active

    Show marketing remark (631 chars)

    If you are looking for convenience, this is the home for you! This 4 bedroom 2 bath home is located right in the heartbeat of Alexander City. Close to schools, the post office, Fire Dept, shopping and restaurants. It's zoned both residential and commercial. This home is just waiting to be restored and love poured into it. The main floor features 2 bedrooms with a jack and jill bathroom and boasts of real hardwood floors. Upstairs you will find several rooms that can be used as bedrooms, playroom, hangout room, storage, etc. So much character just waiting to be brought back to life. This is the perfect HGVT restoration home!

20. 2013-04-08
    listed $59,900
21. 2011-04-08
    listed $79,000

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,038
• − Mortgage interest: −$4,369
• − Property taxes: −$1,170
• − Insurance: −$390
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$2,269
• Taxable income: $6,113
• Est. tax owed @ 24.0%: −$1,467
• After-tax cash flow: $5,524/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: Alexander City
• NCES district ID: 0100030
• Math proficiency: 18% ▼ -25.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $35,482
• Composite: 23.49/100
• National rank: #7871
• State rank: #77 of 129 in AL

Livability — Alexander City

• Score: 55/100
• State rank: #426
• US rank: #23127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alexander City, AL
• City population: 19,619
• Population (ZIP): 19,619

Population outlook (Tallapoosa County) Hauer SSP2

• Today (2025): 38,909 people
• By 2030: 37,413 · -3.8%
• By 2040: 33,935 · -12.8%
• By 2050: 30,467 · -21.7%
• By 2075: 22,716 · -41.6%
• By 2100: 15,167 · -61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 59% Black 29% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Italian 1% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% Korean 1% German/W. Germanic 1%

Political lean MEDSL · Tallapoosa

• 2024 margin: Solid R (+49.6) · D 24.9% · R 74.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -36.5pp · 2024: -49.6pp
• All cycles: 2024: R+49.6 2020: R+43.4 2016: R+41.6 2012: R+32.4 2008: R+36.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.88%
• Current HPI: 170.2791
• 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

-1.3% since first listed

12 events — show timeline

• 2026-03-23 Pending — LCMLS
• 2026-03-23 Pending — MAAR
• 2026-02-19 Price Changed $78,000 LCMLS
• 2026-02-19 Price Changed $78,000 LMMLS
• 2026-02-19 Price Changed $78,000 MAAR
• 2025-09-02 Price Changed $85,000 LMMLS
• 2025-09-02 Price Changed $85,000 LCMLS
• 2025-09-02 Price Changed $85,000 MAAR
• 2025-03-14 Listed $95,000 MAAR
• 2025-03-14 Listed $95,000 LCMLS
• 2013-04-08 Listed $59,900 LMMLS
• 2011-04-08 Listed $79,000 MAAR