203 Noble Rd · Sylacauga, AL 35150

$79,000

3 bd · 1.0 ba · 840 sqft · SingleFamily · 70 Days on market

Built 1943 Average condition 9,583 sqft lot $94/sqft · 16% below area Est $94k · 16% 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 +21.6/30.0
• ARV discount +14.6/15.0
• DSCR +6.9/10.0
• 1% rule +5.7/10.0
• Livability +3.2/5.0
• Condition / age +2.8/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

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 $120 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($843 rent vs $79k).
• Recommended offer: $74k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.3% 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: 135 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 70 days — a 6% lower offer ($74k) 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 $74,260 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% 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: 1.07% ✓
• Cap rate: 8.12%
• Cash-on-cash: 6.52%
• DSCR: 1.29
• GRM: 7.8

CMA / ARV

• ARV (median comp): $93,906
• List price: $79,000
• Delta: -15.87%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
902 N Louisville Ave	0.69mi	3/2.0	936 (+11%)	4mo	$142,500	$152	42
403 S Main Ave	0.70mi	2/1.0 (-1)	774 (-8%)	22mo	$18,000	$23	31

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: -6.3%
• Equity multiple: 0.77×
• Total profit: $-5,131
• Equity at exit: $11,779

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $5,445
• 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 →

ZIP-level market 35150

• Home prices YoY: -7.9%
• Active inventory: 135
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $843 medium
• Mortgage (P&I): −$414
• Tax est. 1.5%: −$99 /mo · $1,185/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$177
• Net cashflow: $120

Break-even live

Break-even rent $691

Max offer price $79,000

Occupancy floor 81%

Sensitivity live

Price	-10% $175	-5% $148	+0% $120	+5% $93	+10% $66
Rent	-10% $54	-5% $87	+0% $120	+5% $154	+10% $187
Rate	-1.0pp $160	-0.5pp $140	base $120	+0.5pp $100	+1.0pp $79

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
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14 E Clay St Sylacauga, AL	3.0	1.0	1000	$895	$0.90	45d	1	0.58mi
12 E Clay St Sylacauga, AL	3.0	1.0	1000	$895	$0.90	45d	1	0.59mi
600 S Broadway Ave Sylacauga, AL	1.0–2.0	1.0	785	$700	$0.89	45d	1	0.90mi

Listing history 20 events

1. 2026-06-22
   days on market $79,000 Active 70 DOM
2. 2026-06-21
   days on market $79,000 Active 69 DOM
3. 2026-06-19
   days on market $79,000 Active 67 DOM
4. 2026-06-18
   days on market $79,000 Active 66 DOM
5. 2026-06-17
   days on market $79,000 Active 65 DOM
6. 2026-06-16
   days on market $79,000 Active 64 DOM
7. 2026-06-15
   days on market $79,000 Active 63 DOM
8. 2026-06-14
   days on market $79,000 Active 61 DOM
9. 2026-06-12
   days on market $79,000 Active 60 DOM
10. 2026-06-09
    days on market $79,000 Active 57 DOM
11. 2026-06-08
    days on market $79,000 Active 56 DOM
12. 2026-06-07
    days on market $79,000 Active 55 DOM
13. 2026-06-07
    days on market $79,000 Active 54 DOM
14. 2026-06-04
    days on market $79,000 Active 51 DOM
15. 2026-06-02
    days on market $79,000 Active 50 DOM
16. 2026-06-01
    days on market $79,000 Active 49 DOM
17. 2026-05-31
    days on market $79,000 Active 48 DOM
18. 2026-05-31
    days on market $79,000 Active 47 DOM
19. 2026-04-13
    listed $79,000 Active 451-char remark

    Show marketing remark (451 chars)

    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.

20. 2026-02-19
    price $195,000

ⓘ 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 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: $10,119
• − Mortgage interest: −$4,425
• − Property taxes: −$1,185
• − Insurance: −$395
• − Repairs & maintenance: −$810
• − Management: −$810
• − Depreciation: −$2,298
• Taxable income: $197
• Est. tax owed @ 24.0%: −$47
• After-tax cash flow: $1,396/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

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

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · old and outdated	Minor	$500–3,000
bathroom fixtures · standard and dated	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• 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 ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

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
• City population: 17,118
• Population (ZIP): 17,118

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%

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%
• Common ancestry: Slovak 1% Hispanic 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

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

Industry mix (Fortune 500 HQ in AL)

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

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