203 Noble Rd · Sylacauga, AL 35150

$79,000

3 bd · 1.0 ba · 840 sqft · SingleFamily · 174 Days on market

Built 1943 Average condition 9,583 sqft lot $94/sqft · 16% below area Est $95k · 17% under ↓ 59% 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 +24.3/30.0
• ARV discount +14.9/15.0
• DSCR +7.8/10.0
• 1% rule +6.3/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

3 bed, 1 bath home situated on two lots with 840 sq ft of living space, located in the Sylacauga City School District. This property features a newer metal roof, central heat and air, and hardwood floors throughout with tile in the kitchen and bathroom. With solid updates already in place, this home just needs a little TLC to truly shine. A great opportunity for investors or buyers looking to add their personal touch and unlock its full potential.

Key facts

• Two lots
• Tile in kitchen
• Central heat and air

Tags

• NEWER METAL ROOF
• CENTRAL HEAT AND AIR
• HARDWOOD FLOORS
• TILE IN KITCHEN
• TILE IN BATHROOM
• TWO LOTS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $159 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($892 rent vs $79k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.7% 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: crime F, amenities F, commute 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.
• Zoned schools: Indian Valley Elementary School (553 students, 66% FRL); Nicholslawson Middle School (math 17% / reading 48%, grade F, #105 of 257 statewide, top 42%, 481 students, 68% FRL); Sylacauga High School (math 22% / reading 32%, grade F, #90 of 305 statewide, top 35%, 677 students, 63% FRL) — zoned schools average 66% FRL vs 50% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 186 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 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 $546 of loan paydown is wiped out by about $2k 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 174 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 46% 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 $69,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 174 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 1943 — 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: 1.13% ✓
• Cap rate: 8.70%
• Cash-on-cash: 8.61%
• DSCR: 1.38
• GRM: 7.4

CMA / ARV

• ARV (median comp): $94,612
• List price: $79,000
• Delta: -16.50%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
206 E Spring St	0.26mi	2/1.0 (-1)	910 (+8%)	4mo	$132,000	$145	65
42 Two Stone Trl	0.36mi	2/1.0 (-1)	700 (-17%)	14mo	$294,000	$420	41
902 N Louisville Ave	0.69mi	3/2.0	936 (+11%)	8mo	$142,500	$152	38
1004 N Main Ave	0.77mi	2/1.0 (-1)	933 (+11%)	8mo	$20,000	$21	35
501 Avondale Ave	1.05mi	2/2.0 (-1)	899 (+7%)	12mo	$109,000	$121	34
196 Hill Ave	0.96mi	2/1.0 (-1)	940 (+12%)	17mo	$114,900	$122	26
600 Morris Ave	0.97mi	3/1.0	960 (+14%)	23mo	$40,000	$42	22
616 W Walnut St	0.90mi	2/1.0 (-1)	986 (+17%)	19mo	$106,500	$108	19

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: -3.2%
• Equity multiple: 0.88×
• Total profit: $-2,676
• Equity at exit: $11,779

10-year hold

• IRR: 6.5%
• Equity multiple: 1.49×
• Total profit: $10,744
• Equity at exit: $6,830

Cash invested: $22,120 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 4 active · 4 under contract
• Months of supply: 12.0 mo (8%/mo absorbed)
• Median asking: $93,450 ($97/sqft)
• Median days on market: 188 d
• This list price: 25% of active listings are priced below it
• ARV vs active asking: +15.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35150

• Home prices YoY: -7.9%
• Active inventory: 186
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $892 high
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $159

Break-even live

Break-even rent $691

Max offer price $79,000

Occupancy floor 77%

Sensitivity live

Price	-10% $213	-5% $186	+0% $159	+5% $131	+10% $104
Rent	-10% $88	-5% $124	+0% $159	+5% $194	+10% $229
Rate	-1.0pp $199	-0.5pp $179	base $159	+0.5pp $138	+1.0pp $117

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: $19,750
• Closing costs: $2,370
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12a Brown Ave Sylacauga, AL	2.0	1.0	1025	$950	$0.93	1d	1	0.56mi
14 E Clay St Sylacauga, AL	3.0	1.0	1000	$895	$0.90	184d	1	0.58mi
12 E Clay St Sylacauga, AL	3.0	1.0	1000	$895	$0.90	184d	1	0.59mi
600 S Broadway Ave Sylacauga, AL	2.0	1.0	900	$765	$0.85	0d	1	0.90mi
222 S Cannon Ave Sylacauga, AL	2.0	1.0	960	$940	$0.98	0d	1	1.09mi

Property features AI

Finance

• Other: Property accessed via curb and gutters and paved road
• Financial info: Down payment assistance availableGarbage fee included (monthly $17)
• HOA & community: No association fee

Exterior

• Parking: Uncovered parking (on parking level)
• Utilities: Public waterConnected sewerElectric water heaterInternet available (Spectrum or Sylacauga)
• Home design: Single-family property (existing)One story (rooms listed at level 1)
• Construction: Siding (other) exteriorCrawl space foundation
• Exterior features: Open deckInterior lotCity viewNo pool, patio, or garden/patioNot waterfront

Interior

• Kitchen: Laminate countertopsElectric oven and electric stoveRefrigerator included
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Hardwood floorsTile flooring
• Bathrooms: One full bathroom with tub/shower combo (main level)
• Heating & cooling: Central heating (electric)Central cooling (electric)
• Interior features: Handyman specialAttic presentWindow treatments remainCeilings: other (see remarks)
• Laundry & utility: Laundry room on main levelWasher hookupElectric dryer hookup

Listing history 50 events

1. 2026-10-04
   days on market $79,000 Active 174 DOM
2. 2026-10-03
   days on market $79,000 Active 173 DOM
3. 2026-10-02
   days on market $79,000 Active 172 DOM
4. 2026-10-01
   days on market $79,000 Active 171 DOM
5. 2026-09-30
   days on market $79,000 Active 170 DOM
6. 2026-09-29
   days on market $79,000 Active 169 DOM
7. 2026-09-28
   days on market $79,000 Active 168 DOM
8. 2026-09-27
   days on market $79,000 Active 167 DOM
9. 2026-09-26
   days on market $79,000 Active 166 DOM
10. 2026-09-25
    days on market $79,000 Active 165 DOM
11. 2026-09-24
    days on market $79,000 Active 164 DOM
12. 2026-09-23
    days on market $79,000 Active 163 DOM
13. 2026-09-21
    days on market $79,000 Active 161 DOM
14. 2026-09-20
    days on market $79,000 Active 160 DOM
15. 2026-09-19
    days on market $79,000 Active 159 DOM
16. 2026-09-18
    days on market $79,000 Active 158 DOM
17. 2026-09-17
    days on market $79,000 Active 157 DOM
18. 2026-09-16
    days on market $79,000 Active 156 DOM
19. 2026-09-15
    days on market $79,000 Active 155 DOM
20. 2026-09-14
    days on market $79,000 Active 154 DOM
21. 2026-09-13
    days on market $79,000 Active 153 DOM
22. 2026-09-12
    days on market $79,000 Active 152 DOM
23. 2026-09-11
    days on market $79,000 Active 151 DOM
24. 2026-09-05
    days on market $79,000 Active 145 DOM
25. 2026-09-04
    days on market $79,000 Active 144 DOM
26. 2026-09-03
    days on market $79,000 Active 143 DOM
27. 2026-09-02
    days on market $79,000 Active 142 DOM
28. 2026-08-30
    days on market $79,000 Active 139 DOM
29. 2026-08-29
    days on market $79,000 Active 138 DOM
30. 2026-08-28
    days on market $79,000 Active 137 DOM
31. 2026-08-27
    days on market $79,000 Active 136 DOM
32. 2026-08-26
    days on market $79,000 Active 135 DOM
33. 2026-08-25
    days on market $79,000 Active 134 DOM
34. 2026-08-24
    days on market $79,000 Active 133 DOM
35. 2026-08-23
    days on market $79,000 Active 132 DOM
36. 2026-08-22
    days on market $79,000 Active 131 DOM
37. 2026-08-21
    days on market $79,000 Active 130 DOM
38. 2026-08-20
    days on market $79,000 Active 129 DOM
39. 2026-08-19
    days on market $79,000 Active 128 DOM
40. 2026-08-18
    days on market $79,000 Active 127 DOM
41. 2026-08-17
    days on market $79,000 Active 126 DOM
42. 2026-08-16
    days on market $79,000 Active 125 DOM
43. 2026-08-15
    days on market $79,000 Active 124 DOM
44. 2026-08-14
    days on market $79,000 Active 123 DOM
45. 2026-08-13
    days on market $79,000 Active 122 DOM
46. 2026-08-12
    days on market $79,000 Active 121 DOM
47. 2026-08-11
    days on market $79,000 Active 120 DOM
48. 2026-08-10
    days on market $79,000 Active 119 DOM
49. 2026-08-09
    days on market $79,000 Active 118 DOM
50. 2026-08-08
    days on market $79,000 Active 117 DOM

ⓘ 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 7/10 Severe 8 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,704
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$856
• − Management: −$856
• − Depreciation: −$2,298
• Taxable income: $688
• Est. tax owed @ 24.0%: −$165
• After-tax cash flow: $1,740/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.

Condition & rehab AI · 11 photos

Average 55/100 Cosmetic rehab Est. rehab $4,200–$12,600 screening

This home has solid updates already in place but needs minor repairs and cosmetic upgrades to fully shine. A fresh coat of paint and new kitchen appliances would significantly enhance its resale and rental value.

Repairs flagged

• Minor kitchen appliances — old and outdated
• Minor bathroom fixtures — standard and dated

Value-add opportunities

• Resale new kitchen appliances — modernizes the space and appeals to buyers ↑
• Resale updated bathroom fixtures — enhances the bathroom's functionality and appeal ↑
• Both paint exterior — improves curb appeal and enhances the home's value ↑
• Both landscaping — enhances curb appeal and adds value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 30/100

Zoned Schools

Elementary Indian Valley Elementary School Middle Nicholslawson Middle School F AL #105/257 Nat'l #8,188/14,009 High Sylacauga High School F AL #90/305 Nat'l #11,887/17,239

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

C Composite livability gradescore 64/100

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
• County: Talladega · 78,905 people
• City population: 17,118
• Population (ZIP): 17,118
• Household income: $41,328
• Rent vs Own: 42.3% rent · 57.7% own
• Severe rent burden: 7% of renters

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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%

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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%
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

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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

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• Other: Property accessed via curb and gutters and paved road
• Financial info: Down payment assistance availableGarbage fee included (monthly $17)
• HOA & community: No association fee

Exterior

• Parking: Uncovered parking (on parking level)
• Utilities: Public waterConnected sewerElectric water heaterInternet available (Spectrum or Sylacauga)
• Home design: Single-family property (existing)One story (rooms listed at level 1)
• Construction: Siding (other) exteriorCrawl space foundation
• Exterior features: Open deckInterior lotCity viewNo pool, patio, or garden/patioNot waterfront

Interior

• Kitchen: Laminate countertopsElectric oven and electric stoveRefrigerator included
• Bedrooms: Three bedrooms (all on main level)
• Flooring: Hardwood floorsTile flooring
• Bathrooms: One full bathroom with tub/shower combo (main level)
• Heating & cooling: Central heating (electric)Central cooling (electric)
• Interior features: Handyman specialAttic presentWindow treatments remainCeilings: other (see remarks)
• Laundry & utility: Laundry room on main levelWasher hookupElectric dryer hookup

Price history

-59.5% since first listed

2 events — show timeline

• 2026-04-13 Listed $79,000 Greater Alabama MLS
• 2026-02-19 Price Changed $195,000 Greater Alabama MLS