412 Pittsburgh Ave · Sheffield, AL 35660

$69,900

3 bd · 1.0 ba · 954 sqft · SingleFamily public records · 43 Days on market

Built 1925 4,356 sqft lot $73/sqft · 21% below area Est $93k · 25% under

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming cottage with endless potential! Ideal as a first home or investment property. This cozy property features a brand new roof, updated flooring, a 6-foot privacy fence and two storage buildings. With just a bit of TLC, this home offers a great chance to make it your own. Don't miss out on this great investment! Sold AS IS. Buyer to verify all information.

Key facts

• 4,356 sq ft lot
• Built 1925
• Listed 42 days

Property features AI

Exterior

• Utilities: Public sewer
• Home design: Single-family residence; Residential property; Located in the Sheffield subdivision; Facing direction not specified
• Construction: Brick construction
• Exterior features: Wood fencing; Shed(s)

Interior

• Kitchen: Electric oven; Electric range; Microwave
• Bedrooms: 3 bedrooms on the main level
• Flooring: Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Wall unit cooling
• Interior features: Fireplace (1); Microwave; Electric oven; Electric range
• Laundry & utility: Washer hookup; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($981 rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.4% vs local median 5.1% in Sheffield — 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 60/100 on livability (#312 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Sheffield City (suburban): math 12% / reading 34% proficiency, ranked #103 of 129 in AL (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 115 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 91 units permitted in Colbert County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $483 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Colbert County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 19y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $40k; list at $70k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• 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 $67,803 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.40% ✓
• Cap rate: 12.45%
• Cash-on-cash: 21.99%
• DSCR: 1.98
• GRM: 5.9

CMA / ARV

• ARV (median comp): $93,094
• List price: $69,900
• Delta: -24.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
405 St Louis Ave	0.09mi	2/1.0 (-1)	1,026 (+8%)	18mo	$26,000	$25	63
800 N Dover Ave	0.63mi	2/1.0 (-1)	963 (+1%)	12mo	$15,000	$16	54
104 Wood Ave	0.22mi	2/2.0 (-1)	1,020 (+7%)	19mo	$105,000	$103	53
900 Montgomery Ave W	0.40mi	3/2.0	900 (-6%)	23mo	$66,670	$74	49
613 Park Blvd	0.36mi	2/1.0 (-1)	1,080 (+13%)	14mo	$135,000	$125	45
907 N Atlanta Ave	0.53mi	2/1.0 (-1)	1,080 (+13%)	21mo	$82,000	$76	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: 14.7%
• Equity multiple: 1.59×
• Total profit: $11,488
• Equity at exit: $10,422

10-year hold

• IRR: 23.4%
• Equity multiple: 3.01×
• Total profit: $39,308
• Equity at exit: $6,044

Cash invested: $19,572 (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 35660

• Home prices YoY: -29.5%
• Active inventory: 115
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $981 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$20 /mo · $245/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$206
• Net cashflow: $359

Break-even live

Break-even rent $527

Max offer price $69,900

Occupancy floor 58%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
500 N Montgomery Ave Sheffield, AL	2.0	1.0–2.0	483	$1,000	$2.07	43d	10	0.27mi
3323 Oakwood Blvd Sheffield, AL	2.0	1.0	1100	$1,000	$0.91	44d	1	1.46mi
100 Brink Ct Sheffield, AL	2.0	2.0	1100	$899	$0.82	43d	5	1.49mi

Listing history 30 events

1. 2026-06-19
   days on market $69,900 Active 43 DOM
2. 2026-06-18
   days on market $69,900 Active 42 DOM
3. 2026-06-17
   days on market $69,900 Active 41 DOM
4. 2026-06-16
   days on market $69,900 Active 40 DOM
5. 2026-06-15
   days on market $69,900 Active 39 DOM
6. 2026-06-14
   days on market $69,900 Active 37 DOM
7. 2026-06-13
   days on market $69,900 Active 36 DOM
8. 2026-06-10
   days on market $69,900 Active 34 DOM
9. 2026-06-09
   days on market $69,900 Active 33 DOM
10. 2026-06-08
    days on market $69,900 Active 32 DOM
11. 2026-06-07
    days on market $69,900 Active 31 DOM
12. 2026-06-05
    days on market $69,900 Active 28 DOM
13. 2026-06-02
    days on market $69,900 Active 26 DOM
14. 2026-06-01
    days on market $69,900 Active 25 DOM
15. 2026-05-31
    days on market $69,900 Active 24 DOM
16. 2026-05-30
    days on market $69,900 Active 23 DOM
17. 2026-05-05
    listed $69,900 Active 363-char remark
18. 2025-08-01
    listed $79,900 Active
19. 2023-08-11
    soldstatus $40,000 Closed
20. 2023-07-18
    status Pending
21. 2023-07-10
    price $44,999
22. 2023-06-19
    listed $49,999 Active
23. 2023-05-02
    price $48,500
24. 2023-04-25
    listed $58,500 Active
25. 2022-03-08
    soldstatus $27,000
26. 2022-02-17
    listed $30,000
27. 2011-01-14
    listed $19,250
28. 2008-03-15
    listed $22,500
29. 2007-08-21
    listed $22,500
30. 2007-01-23
    soldstatus $16,500

ⓘ 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: $245 · $20/mo
• Projected year-2 tax: $287 · $24/mo
• Expected delta: +$41/yr (+$3/mo · 16.9%)

ⓘ 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 ≥108°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: $11,768
• − Mortgage interest: −$3,915
• − Property taxes: −$245
• − Insurance: −$350
• − Repairs & maintenance: −$941
• − Management: −$941
• − Depreciation: −$2,033
• Taxable income: $3,342
• Est. tax owed @ 24.0%: −$802
• After-tax cash flow: $3,502/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: Sheffield City
• NCES district ID: 0103000
• Math proficiency: 12% ▼ -30.00%
• Reading proficiency: 34% ▼ -1.00%
• Median HH income: $34,188
• Composite: 18.8/100
• National rank: #8866
• State rank: #103 of 129 in AL

Livability — Sheffield

• Score: 60/100
• State rank: #312
• US rank: #19366

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sheffield, AL
• City population: 9,385
• Population (ZIP): 9,385

Population outlook (Colbert County) Hauer SSP2

• Today (2025): 54,154 people
• By 2030: 53,746 · -0.8%
• By 2040: 52,431 · -3.2%
• By 2050: 50,303 · -7.1%
• By 2075: 44,789 · -17.3%
• By 2100: 36,676 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 26% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Colbert

• 2024 margin: Solid R (+46.4) · D 26.4% · R 72.8%
• 2008→2024 swing: -26.2pp toward R · 2008: -20.3pp · 2024: -46.4pp
• All cycles: 2024: R+46.4 2020: R+38.9 2016: R+38.3 2012: R+20.4 2008: R+20.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.23%
• Current HPI: 177.3226
• 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

+323.6% since first listed

14 events — show timeline

• 2026-05-05 Listed $69,900 SAARMLS
• 2025-08-01 Listed $79,900 SAARMLS
• 2023-08-11 Sold (MLS) $40,000 SAARMLS
• 2023-07-18 Pending — SAARMLS
• 2023-07-10 Price Changed $44,999 SAARMLS
• 2023-06-19 Listed $49,999 SAARMLS
• 2023-05-02 Price Changed $48,500 VMLS
• 2023-04-25 Listed $58,500 VMLS
• 2022-03-08 Sold (MLS) $27,000 SAARMLS
• 2022-02-17 Listed $30,000 SAARMLS
• 2011-01-14 Listed $19,250 SAARMLS
• 2008-03-15 Listed $22,500 SAARMLS
• 2007-08-21 Listed $22,500 SAARMLS
• 2007-01-23 Sold (Public Records) $16,500 Public Records

Property tax history

+8.6%/yr

Latest (2025): $245 · +6.7% YoY. Source: county tax records.