603 Oak St E · Alexander City, AL 35010

$24,900

1 bd · 1.0 ba · 886 sqft · SingleFamily public records · 15 Days on market

Built 1925 4,356 sqft lot

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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

Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

Key facts

• Covered front porch
• Spacious kitchen
• Level lot

Tags

• SPACIOUS KITCHEN
• COVERED FRONT PORCH
• STORAGE ATTACHED ADDITION
• LEVEL LOT
• EASY ACCESS TO THE INTERIOR

Property features AI

Finance

• Other: Approximately 0.1 acre lot

Exterior

• Parking: Driveway parking
• Utilities: Public water; Connected sewer; Internet service available
• Home design: Existing construction; Single-story (all rooms listed at main level)
• Construction: Vinyl siding exterior; Crawl space foundation
• Exterior features: No pool, patio, decks, or garden/patio; Not waterfront; Located in Avondale Mills subdivision

Interior

• Kitchen: Laminate countertops
• Bedrooms: 1 bedroom on main level
• Flooring: Carpet; Vinyl
• Bathrooms: 1 full bathroom with tub/shower combo
• Heating & cooling: No central heat; Window air conditioning units
• Interior features: Handyman special; Ceilings: Other (see remarks)
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level in a closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $410 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($720 rent vs $25k).
• Recommended offer: $25k (1.5% below list) — sets the bar for market timing.
• Cap rate 26.1% 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: crime F, amenities F, commute 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.
• Zoned schools: Jim Pearson Elementary School (772 students, 46% FRL); Benjamin Russell High School (math 17% / reading 22%, grade F, #169 of 305 statewide, top 59%, 812 students, 38% FRL).
• Market conditions: 205 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $172 of loan paydown is wiped out by about $747 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 $7k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($25k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $14k; list at $25k implies a 78% 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: major wind risk, 59% 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 $24,526 (1.5% below list)

Questions for the listing agent

1. Built in 1925 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 2.89% ✓
• Cap rate: 26.06%
• Cash-on-cash: 70.60%
• DSCR: 4.14
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $105,434
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
432 Woodlawn Ave	0.21mi	1/1.0	780 (-12%)	6mo	$52,000	$67	65
241 14th Ave	0.61mi	2/1.0 (+1)	860 (-3%)	5mo	$103,000	$120	58
1411 3rd St	0.60mi	2/1.0 (+1)	860 (-3%)	12mo	$21,000	$24	52
474 13th Ave	0.49mi	2/1.0 (+1)	996 (+12%)	1mo	$123,600	$124	50
425 11th Ave	0.39mi	2/1.0 (+1)	1,008 (+14%)	13mo	$120,000	$119	43
939 Bishop St	0.50mi	2/1.0 (+1)	1,008 (+14%)	17mo	$65,000	$64	34

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: 70.2%
• Equity multiple: 4.17×
• Total profit: $22,091
• Equity at exit: $3,713

10-year hold

• IRR: 74.2%
• Equity multiple: 8.59×
• Total profit: $52,885
• Equity at exit: $2,153

Cash invested: $6,972 (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: 2.9×

Monthly cashflow live

• Estimated rent: $720 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$18 /mo · $212/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$151
• Net cashflow: $410

Break-even live

Break-even rent $201

Max offer price $24,900

Occupancy floor 38%

Sensitivity live

Price	-10% $424	-5% $417	+0% $410	+5% $403	+10% $396
Rent	-10% $353	-5% $382	+0% $410	+5% $439	+10% $467
Rate	-1.0pp $423	-0.5pp $416	base $410	+0.5pp $404	+1.0pp $397

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2148 Parkway Cir Alexander City, AL	1.0–2.0	1.0	613	$720	$1.17	44d	1	1.38mi

Listing history 12 events

1. 2026-06-07
   statusdays on market $24,900 Pending 15 DOM
2. 2026-06-04
   days on market $24,900 Active 13 DOM
3. 2026-06-02
   days on market $24,900 Active 12 DOM
4. 2026-06-01
   days on market $24,900 Active 11 DOM
5. 2026-05-31
   days on market $24,900 Active 10 DOM
6. 2026-05-31
   days on market $24,900 Active 9 DOM
7. 2026-05-20
   listed $24,900 Active
8. 2026-04-30
   soldstatus $14,000 Sold 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

9. 2026-03-26
   status Pending 198-char remark

   Show marketing remark (198 chars)

   Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

10. 2026-03-24
    price $34,900 198-char remark

    Show marketing remark (198 chars)

    Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

11. 2026-03-16
    listed $41,900 Active 198-char remark

    Show marketing remark (198 chars)

    Attention investors and DIY enthusiasts! Multiple exit strategies: finish this remodel then either flip, rent or move in! Home being sold as is. Cash preferred but will consider financed all offers.

12. 2001-04-17
    soldstatus $20,750

ⓘ 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: $212 · $18/mo
• Projected year-2 tax: $212 · $18/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% 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: $8,640
• − Mortgage interest: −$1,395
• − Property taxes: −$212
• − Insurance: −$124
• − Repairs & maintenance: −$691
• − Management: −$691
• − Depreciation: −$724
• Taxable income: $4,802
• Est. tax owed @ 24.0%: −$1,152
• After-tax cash flow: $3,770/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

+20.0% since first listed

6 events — show timeline

• 2026-05-20 Listed $24,900 Greater Alabama MLS
• 2026-04-30 Sold (MLS) $14,000 Greater Alabama MLS
• 2026-03-26 Pending — Greater Alabama MLS
• 2026-03-24 Price Changed $34,900 Greater Alabama MLS
• 2026-03-16 Listed $41,900 Greater Alabama MLS
• 2001-04-17 Sold (Public Records) $20,750 Public Records

Property tax history

+1.4%/yr

Latest (2025): $212 · +0.0% YoY. Source: county tax records.