514 3rd St · Aliceville, AL 35442

$134,900

3 bd · 1.0 ba · 2,264 sqft · SingleFamily public records · 128 Days on market

Built 1920 1.00 ac lot $60/sqft · 19% below area Est $167k · 19% under

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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 +19.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.0/10.0
• Appreciation +5.0/10.0
• 1% rule +3.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

Welcome to this spacious 3 bedroom, 2 bath home in Aliceville, offered at an exceptional value of $134,900. Inside, you’ll find hardwood floors, neutral paint throughout, and generously sized rooms that provide comfort and flexibility. Step outside to enjoy a large backyard complete with an in-ground pool. An additional shed offers extra storage or workspace. With its combination of indoor space, outdoor amenities, and affordability, this home is a wonderful opportunity. Schedule your showing today!

Key facts

• In-ground pool
• Large backyard
• Hardwood floors

Tags

• HARDWOOD FLOORS
• LARGE BACKYARD
• IN-GROUND POOL
• ADDITIONAL SHED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $142 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $119k (11.7% below list).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#437 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: health & safety D, schools F, amenities F.
• Pickens County (rural): math 7% / reading 31% proficiency, ranked #108 of 129 in AL (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 13 active listings in the ZIP; 2 units permitted in Pickens County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($933 loan paydown + $4k appreciation (3.0% local appreciation)).
• Pickens County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 6 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.
• Current owner paid $45k; list at $135k implies a 200% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 69% 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 $118,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 128 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 1920 — 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. 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?
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: 0.88% ✗
• Cap rate: 7.55%
• Cash-on-cash: 4.50%
• DSCR: 1.20
• GRM: 9.4

CMA / ARV

• ARV (median comp): $167,443
• List price: $134,900
• Delta: -19.44%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
418 3rd St SE	0.07mi	4/3.0 (+1)	2,324 (+3%)	4mo	$83,000	$36	76

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: 11.7%
• Equity multiple: 1.67×
• Total profit: $25,217
• Equity at exit: $60,657

10-year hold

• IRR: 13.8%
• Equity multiple: 3.04×
• Total profit: $77,050
• Equity at exit: $93,479

Cash invested: $37,772 (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 35442

• Active inventory: 13
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,192 medium
• Mortgage (P&I): −$707
• Tax from tax record: −$36 /mo · $431/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$250
• Net cashflow: $142

Break-even live

Break-even rent $1,012

Max offer price $134,900

Occupancy floor 83%

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: $33,725
• Closing costs: $4,047
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $134,900 Active 128 DOM
2. 2026-06-18
   days on market $134,900 Active 127 DOM
3. 2026-06-17
   days on market $134,900 Active 126 DOM
4. 2026-06-16
   days on market $134,900 Active 125 DOM
5. 2026-06-15
   days on market $134,900 Active 124 DOM
6. 2026-06-14
   days on market $134,900 Active 122 DOM
7. 2026-06-12
   days on market $134,900 Active 121 DOM
8. 2026-06-09
   days on market $134,900 Active 118 DOM
9. 2026-06-08
   days on market $134,900 Active 117 DOM
10. 2026-06-07
    days on market $134,900 Active 116 DOM
11. 2026-06-05
    days on market $134,900 Active 113 DOM
12. 2026-06-03
    days on market $134,900 Active 112 DOM
13. 2026-06-02
    days on market $134,900 Active 111 DOM
14. 2026-06-01
    days on market $134,900 Active 110 DOM
15. 2026-05-31
    days on market $134,900 Active 109 DOM
16. 2026-05-30
    days on market $134,900 Active 108 DOM
17. 2026-02-11
    listed $134,900 Active 510-char remark

    Show marketing remark (510 chars)

    Welcome to this spacious 3 bedroom, 2 bath home in Aliceville, offered at an exceptional value of $134,900. Inside, you’ll find hardwood floors, neutral paint throughout, and generously sized rooms that provide comfort and flexibility. Step outside to enjoy a large backyard complete with an in-ground pool. An additional shed offers extra storage or workspace. With its combination of indoor space, outdoor amenities, and affordability, this home is a wonderful opportunity. Schedule your showing today!

18. 2025-08-30
    listed $139,500 Active
19. 2025-05-05
    status Active
20. 2025-05-05
    price $144,900
21. 2025-02-05
    listed $149,900 Active
22. 2024-09-12
    status Active
23. 2024-04-08
    listed $159,900 Active
24. 2018-05-07
    soldstatus $45,000
25. 2013-03-18
    soldstatus $23,000

ⓘ 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: $431 · $36/mo
• Projected year-2 tax: $553 · $46/mo
• Expected delta: +$123/yr (+$10/mo · 28.5%)

ⓘ 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 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% 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: $14,298
• − Mortgage interest: −$7,556
• − Property taxes: −$431
• − Insurance: −$674
• − Repairs & maintenance: −$1,144
• − Management: −$1,144
• − Depreciation: −$3,924
• Taxable loss: −$575
• Est. tax savings @ 24.0%: +$138
• After-tax cash flow: $1,839/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: Pickens County
• NCES district ID: 0102730
• Math proficiency: 7% ▼ -19.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $31,043
• Composite: 15.18/100
• National rank: #9342
• State rank: #108 of 129 in AL

Livability — Aliceville

• Score: 55/100
• State rank: #437
• US rank: #23352

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Aliceville, AL
• Population (ZIP): 5,539

Population outlook (Pickens County) Hauer SSP2

• Today (2025): 23,794 people
• By 2030: 25,224 · +6.0%
• By 2040: 27,833 · +17.0%
• By 2050: 30,077 · +26.4%
• By 2075: 34,120 · +43.4%
• By 2100: 35,388 · +48.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 24% Hispanic / Latino 11%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 9% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 8%

Political lean MEDSL · Pickens

• 2024 margin: Strong R (+23.3) · D 38.1% · R 61.4%
• 2008→2024 swing: -15.0pp toward R · 2008: -8.3pp · 2024: -23.3pp
• All cycles: 2024: R+23.3 2020: R+16.3 2016: R+15.6 2012: R+7.0 2008: R+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+486.5% since first listed

9 events — show timeline

• 2026-02-11 Listed $134,900 WAMLS
• 2025-08-30 Listed $139,500 WAMLS
• 2025-05-05 Relisted — WAMLS
• 2025-05-05 Price Changed $144,900 WAMLS
• 2025-02-05 Listed $149,900 WAMLS
• 2024-09-12 Relisted — WAMLS
• 2024-04-08 Listed $159,900 WAMLS
• 2018-05-07 Sold (Public Records) $45,000 Public Records
• 2013-03-18 Sold (Public Records) $23,000 Public Records

Property tax history

+9.8%/yr

Latest (2025): $431 · +0.0% YoY. Source: county tax records.