91 Killough Dr · Childersburg, AL 35044

$16,900

3 bd · 1.0 ba · 1,000 sqft · SingleFamily · 23 Days on market

Built 1950 0.37 ac lot $17/sqft · 85% below area ↓ 32% since listing

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

Key facts

• 0.37 acre lot
• Built 1950
• Listed 23 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $17k.

Deal economics

• At list price, monthly cash flow is $678 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $17k).
• Recommended offer: $17k (1.5% below list) — sets the bar for market timing.
• Cap rate 54.4% vs local median 3.1% in Childersburg — 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 54/100 on livability (#457 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: schools F, crime F, amenities F.
• Talladega County (rural): math 15% / reading 44% proficiency, ranked #75 of 129 in AL (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 99 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $117 of loan paydown is wiped out by about $507 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $5k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($17k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $8k (32%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $16,646 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 5.95% ✓
• Cap rate: 54.41%
• Cash-on-cash: 171.85%
• DSCR: 8.65
• GRM: 1.4

CMA / ARV

• ARV (median comp): $110,000
• List price: $16,900
• Delta: -84.64%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11195 Grist Mill Rd	0.16mi	3/1.0	999 (-0%)	1mo	$40,000	$40	92
104 Princeton Dr	0.36mi	3/1.0	988 (-1%)	9mo	$132,000	$134	74

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: —
• Equity multiple: 9.55×
• Total profit: $40,438
• Equity at exit: $2,520

10-year hold

• IRR: —
• Equity multiple: 20.20×
• Total profit: $90,852
• Equity at exit: $1,461

Cash invested: $4,732 (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 35044

• Home prices YoY: -17.8%
• Active inventory: 99
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,006 high
• Mortgage (P&I): −$89
• Tax est. 1.5%: −$21 /mo · $254/yr
• Insurance: −$7
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $678

Break-even live

Break-even rent $148

Max offer price $16,900

Occupancy floor 28%

Sensitivity live

Price	-10% $689	-5% $684	+0% $678	+5% $672	+10% $666
Rent	-10% $598	-5% $638	+0% $678	+5% $717	+10% $757
Rate	-1.0pp $686	-0.5pp $682	base $678	+0.5pp $673	+1.0pp $669

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: $4,225
• Closing costs: $507
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
77 Alan St Childersburg, AL	2.0	1.0	720	$775	$1.08	12d	1	0.94mi
101 8th St NE Childersburg, AL	3.0	1.0	1080	$1,000	$0.93	19d	1	1.20mi
70 Lakeside Dr Childersburg, AL	2.0	2.0	759	$925	$1.22	24d	1	1.20mi
14 Lakeside Dr Childersburg, AL	3.0	2.0	1042	$1,200	$1.15	16d	1	1.30mi
788 6th Ave SW Childersburg, AL	3.0	2.0	1100	$1,150	$1.05	4d	1	1.48mi

Listing history 6 events

1. 2026-05-06
   status Pending 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

2. 2026-04-22
   price $16,900 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

3. 2026-04-21
   status Active 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

4. 2026-04-10
   status Pending 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

5. 2026-04-08
   price $19,900 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

6. 2026-04-02
   listed $24,900 Active 901-char remark

   Show marketing remark (901 chars)

   ATTENTION INVESTORS & CONTRACTORS: Rare equity-build opportunity in the established Killough Heights community! This 1950s brick-front cottage is situated on a sprawling, level 0.37-acre lot (approx. 75' x 215'), offering massive potential for a full custom renovation or a high-yield rental addition to your portfolio. The interior is a blank canvas requiring a total gut rehab, including extensive ceiling, roof, and structural repairs as evidenced by the visible damage. Sold strictly AS-IS, WHERE-IS, with no repairs or clean-out to be provided by the seller. Enjoy the freedom of NO HOA and the reliability of municipal water and sewer services. Located just minutes from the Highway 280 corridor and downtown Childersburg. Buyer and buyer's agent to verify all measurements, schools, and utility connections. Priced for a fast, all-cash closing—bring your vision and your flashlight.

ⓘ 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 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,068
• − Mortgage interest: −$947
• − Property taxes: −$254
• − Insurance: −$84
• − Repairs & maintenance: −$965
• − Management: −$965
• − Depreciation: −$492
• Taxable income: $8,361
• Est. tax owed @ 24.0%: −$2,007
• After-tax cash flow: $6,126/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: Talladega County
• NCES district ID: 0103180
• Math proficiency: 15% ▼ -24.00%
• Reading proficiency: 44% ▲ 3.00%
• Median HH income: $37,715
• Composite: 24.5/100
• National rank: #7650
• State rank: #75 of 129 in AL

Livability — Childersburg

• Score: 54/100
• State rank: #457
• US rank: #23818

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Childersburg, AL
• City population: 8,225
• Population (ZIP): 8,225

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 (61%)
• Race & ethnicity: White 61% Black 35% Asian 2% Two or more races 1%
• Common ancestry: Italian 2% Slovak 2% Greek 2%
• Foreign-born: 1% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 2% Korean 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: ▼ -34.76%
• Current HPI: 160.56
• 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

-32.1% since first listed

6 events — show timeline

• 2026-05-06 Pending — Greater Alabama MLS
• 2026-04-22 Price Changed $16,900 Greater Alabama MLS
• 2026-04-21 Relisted — Greater Alabama MLS
• 2026-04-10 Pending — Greater Alabama MLS
• 2026-04-08 Price Changed $19,900 Greater Alabama MLS
• 2026-04-02 Listed $24,900 Greater Alabama MLS