51 Pelham Hts · Anniston, AL 36206

$99,000

3 bd · 1.0 ba · 972 sqft · SingleFamily public records · 171 Days on market

Built 1944 7,840 sqft lot $102/sqft · at area comps Est $101k · at est.

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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 +28.4/30.0
• DSCR +10.0/10.0
• ARV discount +8.2/15.0
• 1% rule +7.3/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 51 Pelham Heights, a well-maintained 3-bedroom, 1-bath home located in Anniston. This home features a good-sized kitchen equipped with a gas stove, dishwasher, refrigerator, and ample cabinet and countertop space, perfect for everyday living and entertaining. The bathroom includes a walk-in shower, and the home is comfortably serviced by central heat and air. Outside, enjoy a fully fenced back yard offering privacy and space, along with a 20 x 15 workshop with garage located behind the home that is ideal for storage, hobbies, or projects. This is a great opportunity for homeowners or investors alike. Listing agent has a personal interest in this property.

Key facts

• Good-sized kitchen
• Dishwasher
• Gas stove

Tags

• GOOD-SIZED KITCHEN
• GAS STOVE
• DISHWASHER
• REFRIGERATOR
• AMPLE CABINET SPACE
• WALK-IN SHOWER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $322 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 5.1% in Anniston — 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 58/100 on livability (#348 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, crime F, amenities F.
• Anniston City (urban): math 2% / reading 12% proficiency, ranked #128 of 129 in AL (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 40 active listings in the ZIP; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Calhoun County population projected at -21% 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 $28k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 171 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y ago; this cycle's ask has dropped $21k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $48k; list at $99k implies a 106% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 171 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 1944 — 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: 1.23% ✓
• Cap rate: 10.19%
• Cash-on-cash: 13.93%
• DSCR: 1.62
• GRM: 6.8

CMA / ARV

• ARV (median comp): $100,597
• List price: $99,000
• Delta: -1.59%
• Verdict: FAIR
• Comps: 19 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
807 Bellwood Ave	0.14mi	2/1.0 (-1)	884 (-9%)	4mo	$109,900	$124	70
825 Bellwood Ave	0.07mi	2/1.0 (-1)	840 (-14%)	3mo	$26,000	$31	67
225 Hillside Dr	0.62mi	3/2.0	1,113 (+14%)	4mo	$169,900	$153	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: 4.2%
• Equity multiple: 1.16×
• Total profit: $4,447
• Equity at exit: $14,761

10-year hold

• IRR: 13.6%
• Equity multiple: 2.09×
• Total profit: $30,236
• Equity at exit: $8,560

Cash invested: $27,720 (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 36206

• Home prices YoY: -20.6%
• Active inventory: 40
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,221 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$82 /mo · $990/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$256
• Net cashflow: $322

Break-even live

Break-even rent $814

Max offer price $99,000

Occupancy floor 69%

Sensitivity live

Price	-10% $378	-5% $350	+0% $322	+5% $294	+10% $266
Rent	-10% $225	-5% $274	+0% $322	+5% $370	+10% $418
Rate	-1.0pp $372	-0.5pp $347	base $322	+0.5pp $296	+1.0pp $270

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-19
   days on market $99,000 Active 171 DOM
2. 2026-06-18
   days on market $99,000 Active 170 DOM
3. 2026-06-17
   days on market $99,000 Active 169 DOM
4. 2026-06-16
   days on market $99,000 Active 168 DOM
5. 2026-06-15
   days on market $99,000 Active 167 DOM
6. 2026-06-14
   days on market $99,000 Active 165 DOM
7. 2026-06-13
   days on market $99,000 Active 164 DOM
8. 2026-06-10
   days on market $99,000 Active 162 DOM
9. 2026-06-09
   days on market $99,000 Active 161 DOM
10. 2026-06-08
    days on market $99,000 Active 160 DOM
11. 2026-06-07
    days on market $99,000 Active 159 DOM
12. 2026-06-05
    days on market $99,000 Active 156 DOM
13. 2026-06-02
    days on market $99,000 Active 154 DOM
14. 2026-06-01
    days on market $99,000 Active 153 DOM
15. 2026-05-31
    days on market $99,000 Active 152 DOM
16. 2026-05-30
    days on market $99,000 Active 151 DOM
17. 2026-03-06
    price $99,000 674-char remark

    Show marketing remark (674 chars)

    Welcome to 51 Pelham Heights, a well-maintained 3-bedroom, 1-bath home located in Anniston. This home features a good-sized kitchen equipped with a gas stove, dishwasher, refrigerator, and ample cabinet and countertop space, perfect for everyday living and entertaining. The bathroom includes a walk-in shower, and the home is comfortably serviced by central heat and air. Outside, enjoy a fully fenced back yard offering privacy and space, along with a 20 x 15 workshop with garage located behind the home that is ideal for storage, hobbies, or projects. This is a great opportunity for homeowners or investors alike. Listing agent has a personal interest in this property.

18. 2026-01-27
    price $110,000 674-char remark

    Show marketing remark (674 chars)

    Welcome to 51 Pelham Heights, a well-maintained 3-bedroom, 1-bath home located in Anniston. This home features a good-sized kitchen equipped with a gas stove, dishwasher, refrigerator, and ample cabinet and countertop space, perfect for everyday living and entertaining. The bathroom includes a walk-in shower, and the home is comfortably serviced by central heat and air. Outside, enjoy a fully fenced back yard offering privacy and space, along with a 20 x 15 workshop with garage located behind the home that is ideal for storage, hobbies, or projects. This is a great opportunity for homeowners or investors alike. Listing agent has a personal interest in this property.

19. 2025-12-30
    listed $120,000 Active 674-char remark

    Show marketing remark (674 chars)

    Welcome to 51 Pelham Heights, a well-maintained 3-bedroom, 1-bath home located in Anniston. This home features a good-sized kitchen equipped with a gas stove, dishwasher, refrigerator, and ample cabinet and countertop space, perfect for everyday living and entertaining. The bathroom includes a walk-in shower, and the home is comfortably serviced by central heat and air. Outside, enjoy a fully fenced back yard offering privacy and space, along with a 20 x 15 workshop with garage located behind the home that is ideal for storage, hobbies, or projects. This is a great opportunity for homeowners or investors alike. Listing agent has a personal interest in this property.

20. 2021-03-09
    soldstatus $48,000
21. 2021-03-09
    soldstatus $48,000
22. 2021-03-05
    soldstatus $48,000 Sold 714-char remark

    Show marketing remark (714 chars)

    This will make a great starter home for a young family or someone needing to downsize. This home offers 3 bedrooms and 1 full bath. There’s a really good size kitchen that hopper is a gas stove, dishwasher and a refrigerator. There are plenty of cabinets and countertops. There’s a nice living room with the fireplace. Also there is a really nice bathroom that has been recently updated and has a walk-in shower shower. The home also has central heat and air that is in good working order. All this home needs is a little TLC, just some new paint to make it your own. There is a nice fenced in lot that has a 20 x 15 workshop with garage door in the back. This home is being offered “as is”

23. 2021-02-17
    status Pending 714-char remark

    Show marketing remark (714 chars)

    This will make a great starter home for a young family or someone needing to downsize. This home offers 3 bedrooms and 1 full bath. There’s a really good size kitchen that hopper is a gas stove, dishwasher and a refrigerator. There are plenty of cabinets and countertops. There’s a nice living room with the fireplace. Also there is a really nice bathroom that has been recently updated and has a walk-in shower shower. The home also has central heat and air that is in good working order. All this home needs is a little TLC, just some new paint to make it your own. There is a nice fenced in lot that has a 20 x 15 workshop with garage door in the back. This home is being offered “as is”

24. 2020-10-19
    listed $62,000 Active 714-char remark

    Show marketing remark (714 chars)

    This will make a great starter home for a young family or someone needing to downsize. This home offers 3 bedrooms and 1 full bath. There’s a really good size kitchen that hopper is a gas stove, dishwasher and a refrigerator. There are plenty of cabinets and countertops. There’s a nice living room with the fireplace. Also there is a really nice bathroom that has been recently updated and has a walk-in shower shower. The home also has central heat and air that is in good working order. All this home needs is a little TLC, just some new paint to make it your own. There is a nice fenced in lot that has a 20 x 15 workshop with garage door in the back. This home is being offered “as is”

ⓘ 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: $990 · $82/mo
• Projected year-2 tax: $990 · $82/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $14,654
• − Mortgage interest: −$5,546
• − Property taxes: −$990
• − Insurance: −$495
• − Repairs & maintenance: −$1,172
• − Management: −$1,172
• − Depreciation: −$2,880
• Taxable income: $2,399
• Est. tax owed @ 24.0%: −$576
• After-tax cash flow: $3,286/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: Anniston City
• NCES district ID: 0100090
• Math proficiency: 2% ▼ -20.00%
• Reading proficiency: 12% ▼ -15.00%
• Median HH income: $31,824
• Composite: 5.36/100
• National rank: #10030
• State rank: #128 of 129 in AL

Livability — Anniston

• Score: 58/100
• State rank: #348
• US rank: #20680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anniston, AL
• County: Calhoun County · 71,763 people
• City population: 19,220
• Metro: Anniston-Oxford, AL
• Population (ZIP): 11,172
• Household income: $51,116
• Rent vs Own: 38.5% rent · 61.5% own
• Severe rent burden: 300.0

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 51% Black 38% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Italian 1% Slovak 1%
• Foreign-born: 6% · Canada
• Languages at home: 92% English-only · Spanish 5% Other Asian/Pacific 1%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.39%
• Current HPI: 175.4422
• Rent YoY: —
• Metro: Anniston-Oxford, 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

+59.7% since first listed

8 events — show timeline

• 2026-03-06 Price Changed $99,000 Greater Alabama MLS
• 2026-01-27 Price Changed $110,000 Greater Alabama MLS
• 2025-12-30 Listed $120,000 Greater Alabama MLS
• 2021-03-09 Sold (Public Records) $48,000 Public Records
• 2021-03-09 Sold (Public Records) $48,000 Public Records
• 2021-03-05 Sold (MLS) $48,000 Greater Alabama MLS
• 2021-02-17 Pending — Greater Alabama MLS
• 2020-10-19 Listed $62,000 Greater Alabama MLS

Property tax history

+13.0%/yr

Latest (2025): $990 · +0.0% YoY. Source: county tax records.