525 Aldridge Rd · Parrish, AL 35580

$67,000

3 bd · 2.0 ba · 1,008 sqft · SingleFamily public records · 40 Days on market

Built 1960 2.60 ac lot $66/sqft · 43% below area Est $118k · 43% under

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Why this score? — see what drove the A- 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +9.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.3/5.0
• Schools +2.2/10.0

Listing remarks MLS

Here is a nice older 3br 2ba home, with a cozy wood burning fireplace! It includes a shed, and very nice storm shelter. It has a circle drive, with a concrete drive though carport. It just feels like home! Easy access to Hwy 269, and within 10 minutes of I22.

Key facts

• Country living
• Convenient access
• Spacious lot

Tags

• SPACIOUS LOT
• PEACEFUL RURAL SETTING
• CONVENIENT ACCESS
• OUTDOOR SPACE
• COUNTRY LIVING

Property features AI

Finance

• Other: Property sits on approximately 2.6 acres; Subdivision: Aldridge; Flood plain: No

Exterior

• Parking: Attached parking
• Security: No security features listed
• Utilities: Public water; Internet service availability unknown
• Home design: 4-side brick construction; Existing/previously built home; Crawl space foundation; Historic register property
• Construction: 4-side brick exterior; Crawl space foundation; Existing (previously built)
• Exterior features: Porch; Open deck; No patio; No pool; No garden/patio; Not on waterfront

Interior

• Kitchen: Laminate countertops; Built-in microwave
• Bedrooms: Bedrooms located on main level
• Flooring: Carpet
• Bathrooms: Two full bathrooms; Tub/shower combination
• Heating & cooling: Central heating; Central cooling
• Interior features: Carpet floors; Ceilings: other (see remarks); Built-in microwave; Gas fireplace in the living room with brick surround; No additional interior features listed
• Laundry & utility: No attic

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $67k.

Deal economics

• At list price, monthly cash flow is $701 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $67k).
• Recommended offer: $65k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 46/100 on livability (#549 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: housing C-, crime F, amenities F.
• Walker County (rural): math 13% / reading 39% proficiency, ranked #89 of 129 in AL (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Parrish Elementarymiddle School (math 17% / reading 57%, grade F, #267 of 627 statewide, top 45%, 324 students, 76% FRL); Cordova High School (math 8% / reading 12%, grade F, #252 of 305 statewide, top 84%, 467 students, 65% FRL) — zoned schools average 70% FRL vs 53% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 18 active listings in the ZIP; 36 units permitted in Walker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($463 loan paydown + $6k appreciation (8.7% local appreciation)).
• Walker County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.7% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($65k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $64,990 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 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 1960 — 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 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?
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: 2.10% ✓
• Cap rate: 18.84%
• Cash-on-cash: 44.83%
• DSCR: 2.99
• GRM: 4.0

CMA / ARV

• ARV (median comp): $117,997
• List price: $67,000
• Delta: -43.22%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

8.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 57.6%
• Equity multiple: 5.02×
• Total profit: $75,400
• Equity at exit: $54,281

10-year hold

• IRR: 52.1%
• Equity multiple: 10.91×
• Total profit: $185,857
• Equity at exit: $111,142

Cash invested: $18,760 (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 35580

• Home prices YoY: 3.9%
• Active inventory: 18
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,405 medium
• Mortgage (P&I): −$351
• Tax from tax record: −$30 /mo · $363/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $701

Break-even live

Break-even rent $518

Max offer price $67,000

Occupancy floor 45%

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $67,000 Active 40 DOM
2. 2026-06-17
   days on market $67,000 Active 39 DOM
3. 2026-06-16
   days on market $67,000 Active 38 DOM
4. 2026-06-15
   days on market $67,000 Active 37 DOM
5. 2026-06-13
   days on market $67,000 Active 35 DOM
6. 2026-06-13
   pricedays on market $67,000 Active 34 DOM
7. 2026-06-10
   days on market $70,000 Active 32 DOM
8. 2026-06-09
   days on market $70,000 Active 31 DOM
9. 2026-06-08
   days on market $70,000 Active 30 DOM
10. 2026-06-07
    days on market $70,000 Active 29 DOM
11. 2026-06-05
    days on market $70,000 Active 26 DOM
12. 2026-06-03
    days on market $70,000 Active 25 DOM
13. 2026-06-03
    days on market $70,000 Active 24 DOM
14. 2026-06-01
    days on market $70,000 Active 23 DOM
15. 2026-05-31
    days on market $70,000 Active 22 DOM
16. 2026-05-07
    listed $70,000 Active 259-char remark
17. 2023-03-17
    soldstatus $126,000
18. 2023-03-14
    soldstatus $126,000 Closed 259-char remark

    Show marketing remark (259 chars)

    Here is a nice older 3br 2ba home, with a cozy wood burning fireplace! It includes a shed, and very nice storm shelter. It has a circle drive, with a concrete drive though carport. It just feels like home! Easy access to Hwy 269, and within 10 minutes of I22.

19. 2023-01-20
    historical Active Under Contract 259-char remark

    Show marketing remark (259 chars)

    Here is a nice older 3br 2ba home, with a cozy wood burning fireplace! It includes a shed, and very nice storm shelter. It has a circle drive, with a concrete drive though carport. It just feels like home! Easy access to Hwy 269, and within 10 minutes of I22.

20. 2023-01-15
    listed $120,000 Active 259-char remark

    Show marketing remark (259 chars)

    Here is a nice older 3br 2ba home, with a cozy wood burning fireplace! It includes a shed, and very nice storm shelter. It has a circle drive, with a concrete drive though carport. It just feels like home! Easy access to Hwy 269, and within 10 minutes of I22.

21. 2022-05-13
    soldstatus $1,001

ⓘ 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: $363 · $30/mo
• Projected year-2 tax: $363 · $30/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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥106°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: $16,866
• − Mortgage interest: −$3,753
• − Property taxes: −$363
• − Insurance: −$335
• − Repairs & maintenance: −$1,349
• − Management: −$1,349
• − Depreciation: −$1,949
• Taxable income: $7,767
• Est. tax owed @ 24.0%: −$1,864
• After-tax cash flow: $6,545/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: Walker County
• NCES district ID: 0103450
• Math proficiency: 13% ▼ -28.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $36,664
• Composite: 21.51/100
• National rank: #8321
• State rank: #89 of 129 in AL

Livability — Parrish

• Score: 46/100
• State rank: #549
• US rank: #26522

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,526

Population outlook (Walker County) Hauer SSP2

• Today (2025): 61,037 people
• By 2030: 58,391 · -4.3%
• By 2040: 53,080 · -13.0%
• By 2050: 48,031 · -21.3%
• By 2075: 37,799 · -38.1%
• By 2100: 29,001 · -52.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 7% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Slovak 5% Italian 2% Lithuanian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+71.8) · D 13.8% · R 85.6%
• 2008→2024 swing: -25.4pp toward R · 2008: -46.4pp · 2024: -71.8pp
• All cycles: 2024: R+71.8 2020: R+67.9 2016: R+67.4 2012: R+52.9 2008: R+46.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.73%
• Current HPI: 235.753
• 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

+6593.3% since first listed

8 events — show timeline

• 2026-06-12 Price Changed $67,000 Greater Alabama MLS
• 2026-06-12 Price Changed $63,000 Greater Alabama MLS
• 2026-05-07 Listed $70,000 Greater Alabama MLS
• 2023-03-17 Sold (Public Records) $126,000 Public Records
• 2023-03-14 Sold (MLS) $126,000 Walker County Area MLS
• 2023-01-20 Contingent — Walker County Area MLS
• 2023-01-15 Listed $120,000 Walker County Area MLS
• 2022-05-13 Sold (Public Records) $1,001 Public Records

Property tax history

+32.9%/yr

Latest (2024): $363 · +0.0% YoY. Source: county tax records.