1427 S Court St · Montgomery, AL 36104

$174,900

3 bd · 2.0 ba · 2,502 sqft · SingleFamily public records · 164 Days on market

Built 1925 10,454 sqft lot Est $180k · 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 +24.1/30.0
• ARV discount +8.8/15.0
• DSCR +7.8/10.0
• 1% rule +5.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Come visit this home with great potential in the Garden District! This beautifully home has an updated kitchen with Whirlpool appliances, new cabinets, and stylish countertops! The bathrooms have been fully renovated with modern finishes, offering both luxury and functionality. Seller now offering $5000 concession to use your way. Step inside to discover spacious living areas, including a formal dining room, a cozy living room, and a great room perfect for gatherings around one of two elegant gas fireplaces. With three bedrooms and 2.5 bathrooms, this home ensures both comfort and privacy for every member of the household. The exterior is equally impressive. The backyard features mature

Key facts

• Stylish countertops
• Whirlpool appliances
• New cabinets

Tags

• UPDATED KITCHEN
• WHIRLPOOL APPLIANCES
• NEW CABINETS
• STYLISH COUNTERTOPS
• FULLY RENOVATED BATHROOMS
• MODERN FINISHES

Property features AI

Finance

• Other: Lot dimensions approximately 69 x 149 x 69 x 150; Lot is about 0.24 acres

Exterior

• Parking: Detached garage; 2-car garage
• Security: No specific security features listed
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; High-speed internet available
• Home design: Single-story home; Brick and vinyl siding exterior; Basement foundation
• Construction: Built (year per public records); Brick construction; Vinyl siding
• Exterior features: Covered patio; Patio; Enclosed/screened porch; Partial fencing; Storage structure; Mature trees; Located in a subdivision; Public road frontage

Interior

• Kitchen: Electric cooktop; Electric oven
• Bedrooms: Bedrooms located on the first floor
• Flooring: Laminate; Tile; Wood
• Bathrooms: Two full bathrooms; One half bathroom
• Heating & cooling: Central heating (gas); Central air conditioning (electric)
• Interior features: Unfinished basement; Gas log fireplaces (multiple, outside); Laminate, tile, and wood flooring
• Laundry & utility: Washer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $347 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 6.0% in Montgomery — 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 65/100 on livability (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 53 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).
• At $1,810/mo this rent would consume 64% of the median local household income ($34k/yr) (locally 641% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $153,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 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 1925 — 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. 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: 1.03% ✓
• Cap rate: 8.68%
• Cash-on-cash: 8.51%
• DSCR: 1.38
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $180,144
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1427 S Court St	0.00mi	3/2.5	2,502 (0%)	1mo	$174,900	$70	98
201 Felder Ave	0.27mi	3/2.5	2,517 (+1%)	1mo	$385,000	$153	83
1615 S Court St	0.14mi	3/2.0	2,545 (+2%)	13mo	$183,000	$72	80
1560 Gilmer Ave	0.39mi	3/2.5	2,565 (+2%)	11mo	$390,000	$152	67
541 Cloverdale Rd	0.64mi	3/2.5	2,400 (-4%)	4mo	$450,000	$188	58
302 Finley Ave	0.26mi	4/2.0 (+1)	2,300 (-8%)	15mo	$53,000	$23	57
25 Arlington Rd	0.62mi	3/2.0	2,231 (-11%)	0mo	$57,500	$26	53
1715 Haven Ln	0.64mi	2/1.0 (-1)	2,568 (+3%)	6mo	$100,000	$39	52
1163 S Mcdonough St	0.28mi	3/2.5	2,196 (-12%)	22mo	$115,000	$52	46
529 Felder Ave	0.62mi	3/3.0	2,749 (+10%)	6mo	$398,000	$145	45
210 E Fairview Ave	0.62mi	3/2.5	2,379 (-5%)	22mo	$259,900	$109	43
3126 Gilmer Ave	0.71mi	3/2.0	2,130 (-15%)	7mo	$39,900	$19	36

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: -3.4%
• Equity multiple: 0.87×
• Total profit: $-6,274
• Equity at exit: $26,078

10-year hold

• IRR: 6.3%
• Equity multiple: 1.47×
• Total profit: $22,812
• Equity at exit: $15,122

Cash invested: $48,972 (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 36104

• Active inventory: 53
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,810 high
• Mortgage (P&I): −$917
• Tax from tax record: −$92 /mo · $1,107/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $347

Break-even live

Break-even rent $1,370

Max offer price $174,900

Occupancy floor 76%

Sensitivity live

Price	-10% $446	-5% $397	+0% $347	+5% $298	+10% $248
Rent	-10% $204	-5% $276	+0% $347	+5% $419	+10% $490
Rate	-1.0pp $435	-0.5pp $392	base $347	+0.5pp $302	+1.0pp $256

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
144 Clanton Ave Montgomery, AL	4.0	2.0	3178	$1,595	$0.50	21d	1	0.16mi
334 Felder Ave Montgomery, AL	3.0	2.0	2223	$2,395	$1.08	44d	1	0.43mi
3304 Gilmer Ave Montgomery, AL	4.0	2.0	2009	$1,400	$0.70	21d	1	0.93mi
3235 Norman Bridge Rd Montgomery, AL	3.0	1.0	1873	$900	$0.48	44d	1	0.98mi
1029 Magnolia Curv Montgomery, AL	3.0	2.5	3134	$2,695	$0.86	14d	1	1.03mi
1121 Felder Ave Unit 1043909P Montgomery, AL	4.0	2.5	2647	$3,152	$1.19	21d	1	1.06mi
3386 Lexington Rd Unit B Montgomery, AL	2.0	1.0	1950	$900	$0.46	21d	1	1.17mi
3485 Wellington Rd Montgomery, AL	3.0	2.0	2437	$1,395	$0.57	21d	1	1.26mi
1355 Magnolia Curv Montgomery, AL	3.0	3.0	2260	$1,800	$0.80	14d	1	1.28mi
2043 Hazel Hedge Ln Montgomery, AL	4.0	3.0	2001	$1,650	$0.82	14d	1	1.31mi
3544 Southmont Dr Montgomery, AL	4.0	1.5	1774	$1,300	$0.73	21d	1	1.44mi

Listing history 17 events

1. 2026-05-24
   status Pending
2. 2026-05-23
   historical
3. 2026-05-23
   status Pending
4. 2026-04-24
   historical Contingent
5. 2026-03-19
   historical $1,900
6. 2026-01-19
   price $174,900
7. 2025-12-30
   price $1,900
8. 2025-12-07
   listed $179,000 Active
9. 2025-10-26
   listed $2,100
10. 2025-06-19
    price $229,500
11. 2025-06-13
    price $245,000
12. 2025-05-30
    status Active
13. 2025-05-30
    price $250,000
14. 2025-05-13
    price $264,500
15. 2025-02-04
    price $269,500
16. 2024-12-30
    price $285,000
17. 2024-11-27
    listed $295,900 Active

ⓘ 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: $1,107 · $92/mo
• Projected year-2 tax: $1,107 · $92/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,715
• − Mortgage interest: −$9,797
• − Property taxes: −$1,107
• − Insurance: −$874
• − Repairs & maintenance: −$1,737
• − Management: −$1,737
• − Depreciation: −$5,088
• Taxable income: $1,374
• Est. tax owed @ 24.0%: −$330
• After-tax cash flow: $3,837/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 10,535
• Household income: $33,823
• Rent vs Own: 75.4% rent · 24.6% own
• Severe rent burden: 641.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 20% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Swedish 2% Russian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -101.13%
• Current HPI: 27.2384
• Rent YoY: —
• Metro: Montgomery, 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

-99.4% since first listed

17 events — show timeline

• 2026-05-24 Pending — MAAR
• 2026-05-23 Delisted — MAAR
• 2026-05-23 Pending — MAAR
• 2026-04-24 Contingent — MAAR
• 2026-03-19 Rental Removed $1,900 MAAR
• 2026-01-19 Price Changed $174,900 MAAR
• 2025-12-30 Price Changed $1,900 MAAR
• 2025-12-07 Listed $179,000 MAAR
• 2025-10-26 Listed for Rent $2,100 MAAR
• 2025-06-19 Price Changed $229,500 MAAR
• 2025-06-13 Price Changed $245,000 MAAR
• 2025-05-30 Relisted — MAAR
• 2025-05-30 Price Changed $250,000 MAAR
• 2025-05-13 Price Changed $264,500 MAAR
• 2025-02-04 Price Changed $269,500 MAAR
• 2024-12-30 Price Changed $285,000 MAAR
• 2024-11-27 Listed $295,900 MAAR

Property tax history

+10.1%/yr

Latest (2025): $1,107 · +43.2% YoY. Source: county tax records.