3721 S Court St · Montgomery, AL 36105

$72,000

4 bd · 2.0 ba · 1,971 sqft · SingleFamily public records · 51 Days on market

Built 1950 $37/sqft · 37% below area Est $115k · 37% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• 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 MLS

4 Bedroom, 2 bathroom home in Cloverland. Nice backyard, covered patio. Go to www. hudhomestore.com ; enter case# 011-502672 For more information. Property to be sold as-is. KEYS WILL NOT BE GIVEN AT CLOSING. Call an agent today to place a bid.

Key facts

• New roof
• Hardwood floors
• 2 parking spots

Tags

• NEW ROOF
• HARDWOOD FLOORS
• OVERSIZED COVERED BACK PATIO

Property features AI

Exterior

• Parking: Attached carport; Driveway; 2-car carport
• Utilities: Electricity available; Public water; Public sewer
• Home design: Single-story; Brick construction; Slab foundation
• Construction: Built (year per public records)
• Exterior features: Covered patio; Covered porch; Storage; Workshop; City lot

Interior

• Flooring: Carpet; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central electric air conditioning
• Interior features: Pull-down attic stairs; One fireplace
• Laundry & utility: Washer hookup; Dryer hookup; Water heater

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $72k.

Deal economics

• At list price, monthly cash flow is $721 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $72k).
• Recommended offer: $70k (3.0% below list) — sets the bar for market timing.
• Cap rate 18.3% 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: 79 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).
• This rent runs 43% of the median local income ($41k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $498 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 24y 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 $14k; list at $72k implies a 397% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — 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 $69,840 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1950 — 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. 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: 2.05% ✓
• Cap rate: 18.31%
• Cash-on-cash: 42.90%
• DSCR: 2.91
• GRM: 4.1

CMA / ARV

• ARV (median comp): $114,652
• List price: $72,000
• Delta: -37.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3653 Kelley Ln	0.45mi	4/1.0	1,934 (-2%)	0mo	$50,000	$26	72
27 W Edgemont Ave	0.28mi	4/2.5	2,065 (+5%)	8mo	$155,000	$75	71
3960 S Court St	0.51mi	5/2.0 (+1)	1,971 (0%)	8mo	$30,000	$15	64
3515 Whiting Ave	0.69mi	4/2.0	1,935 (-2%)	2mo	$125,000	$65	63
3607 S Court St	0.21mi	3/2.0 (-1)	1,703 (-14%)	2mo	$32,500	$19	61
3357 Wilmington Rd	0.57mi	3/2.0 (-1)	2,064 (+5%)	2mo	$165,000	$80	59
3134 S Hull St	0.72mi	3/2.0 (-1)	1,830 (-7%)	2mo	$115,000	$63	48
3126 Gilmer Ave	0.70mi	3/2.0 (-1)	2,130 (+8%)	7mo	$39,900	$19	43
114 Stuart St	0.71mi	4/2.0	1,726 (-12%)	5mo	$115,000	$67	42
3319 Lexington Rd	0.71mi	3/2.0 (-1)	1,777 (-10%)	7mo	$160,000	$90	39
25 Arlington Rd	0.73mi	3/2.0 (-1)	2,231 (+13%)	0mo	$57,500	$26	39
3370 Lexington Rd	0.64mi	3/2.0 (-1)	2,265 (+15%)	6mo	$238,900	$105	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: 39.7%
• Equity multiple: 2.70×
• Total profit: $34,228
• Equity at exit: $10,735

10-year hold

• IRR: 46.0%
• Equity multiple: 5.41×
• Total profit: $88,873
• Equity at exit: $6,225

Cash invested: $20,160 (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 36105

• Home prices YoY: -32.6%
• Active inventory: 79
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,474 high
• Mortgage (P&I): −$378
• Tax from tax record: −$36 /mo · $436/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $721

Break-even live

Break-even rent $562

Max offer price $72,000

Occupancy floor 46%

Sensitivity live

Price	-10% $762	-5% $741	+0% $721	+5% $700	+10% $680
Rent	-10% $604	-5% $663	+0% $721	+5% $779	+10% $837
Rate	-1.0pp $757	-0.5pp $739	base $721	+0.5pp $702	+1.0pp $683

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: $18,000
• Closing costs: $2,160
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3544 Southmont Dr Montgomery, AL	4.0	1.5	1774	$1,300	$0.73	21d	1	0.17mi
3963 S Court St Montgomery, AL	5.0	2.0	2000	$1,840	$0.92	44d	1	0.50mi
3304 Gilmer Ave Montgomery, AL	4.0	2.0	2009	$1,400	$0.70	21d	1	0.53mi
3616 Gaston Ave Montgomery, AL	4.0	2.0	1629	$1,300	$0.80	44d	1	0.61mi
3577 Whiting Ave Montgomery, AL	3.0	1.0	1269	$1,150	$0.91	44d	1	0.67mi
139 Mount Vernon Dr Unit A Montgomery, AL	4.0	2.5	1700	$1,000	$0.59	44d	1	0.68mi
3543 Berkley Dr Montgomery, AL	4.0	2.0	2067	$1,575	$0.76	14d	1	0.72mi
3235 Norman Bridge Rd Montgomery, AL	3.0	1.0	1873	$900	$0.48	44d	1	0.74mi
3485 Wellington Rd Montgomery, AL	3.0	2.0	2437	$1,395	$0.57	21d	1	0.76mi
3369 Montezuma Rd Montgomery, AL	3.0	1.0	1281	$1,150	$0.90	44d	1	0.84mi
3735 Bridlewood Dr Montgomery, AL	3.0	1.0	1386	$895	$0.65	44d	1	0.87mi
3256 Montezuma Rd Montgomery, AL	3.0	2.0	1515	$1,450	$0.96	44d	1	0.90mi
4037 Oak St Montgomery, AL	3.0	2.0	1314	$1,450	$1.10	44d	1	0.91mi
3720 Stanley Dr Montgomery, AL	4.0	2.0	1719	$1,650	$0.96	21d	1	0.94mi
3902 Wesley Dr Montgomery, AL	5.0	2.0	1689	$1,595	$0.94	21d	1	0.96mi
3649 Princeton Rd Montgomery, AL	3.0	1.0	1266	$1,200	$0.95	21d	1	0.96mi
1919 Norman Bridge Ct Unit 1043838P Montgomery, AL	4.0	3.0	1539	$4,108	$2.67	44d	1	1.00mi
3510 Bankhead Ave Montgomery, AL	3.0	3.0	2210	$2,250	$1.02	44d	1	1.10mi
334 Felder Ave Montgomery, AL	3.0	2.0	2223	$2,395	$1.08	44d	1	1.21mi
1388 Adrian Ln Montgomery, AL	5.0	2.0	1701	$1,600	$0.94	14d	1	1.32mi
1067 Roslyn Dr Montgomery, AL	4.0	2.0	1760	$1,125	$0.64	21d	1	1.35mi
1259 S Lawrence St Montgomery, AL	3.0	1.0	1728	$1,300	$0.75	44d	1	1.38mi
2727 Boultier St Montgomery, AL	1.0–3.0	1.0–2.0	1070	$1,582	$1.48	14d	3	1.39mi
1437 Beaumont Dr Montgomery, AL	4.0	2.0	2029	$1,500	$0.74	44d	1	1.44mi

Listing history 22 events

1. 2026-06-18
   days on market $72,000 Active 51 DOM
2. 2026-06-17
   days on market $72,000 Active 50 DOM
3. 2026-06-16
   price $72,000 Active 49 DOM
4. 2026-06-16
   days on market $75,000 Active 49 DOM
5. 2026-06-15
   days on market $75,000 Active 48 DOM
6. 2026-06-14
   days on market $75,000 Active 46 DOM
7. 2026-06-13
   days on market $75,000 Active 45 DOM
8. 2026-06-10
   days on market $75,000 Active 43 DOM
9. 2026-06-09
   days on market $75,000 Active 42 DOM
10. 2026-06-09
    status $75,000 Active 41 DOM
11. 2026-06-08
    days on market $75,000 Contingent 41 DOM
12. 2026-06-07
    days on market $75,000 Contingent 40 DOM
13. 2026-06-03
    statusdays on market $75,000 Contingent 36 DOM
14. 2026-06-02
    days on market $75,000 Active 35 DOM
15. 2026-06-01
    days on market $75,000 Active 34 DOM
16. 2026-05-31
    days on market $75,000 Active 33 DOM
17. 2026-05-30
    days on market $75,000 Active 32 DOM
18. 2026-04-28
    listed $75,000 Active 474-char remark
19. 2015-01-09
    soldstatus $14,500 244-char remark

    Show marketing remark (244 chars)

    4 Bedroom, 2 bathroom home in Cloverland. Nice backyard, covered patio. Go to www. hudhomestore.com ; enter case# 011-502672 For more information. Property to be sold as-is. KEYS WILL NOT BE GIVEN AT CLOSING. Call an agent today to place a bid.

20. 2014-09-18
    listed $20,000 244-char remark

    Show marketing remark (244 chars)

    4 Bedroom, 2 bathroom home in Cloverland. Nice backyard, covered patio. Go to www. hudhomestore.com ; enter case# 011-502672 For more information. Property to be sold as-is. KEYS WILL NOT BE GIVEN AT CLOSING. Call an agent today to place a bid.

21. 2002-12-20
    soldstatus $66,500

    Show marketing remark (303 chars)

    ROOF 1 YR OLD. .$500 BONUS AT LIST PRICE. .METAL STOR BLDG TO BE REMOVED. . CARPET TO BE CLEANED BEFORE POSSESSION. .LARGE LIVING RM. .CUSTOM WHITE DRAPES. .L-SHAPED W/ DINING RM. .EAT-IN KIT. .STOVE & SIDE-BY-SIDE REFRIG. . LARGE LOT. .CERAMIC TILE IN KIT. .NICE COVERED PATIO. .OWNER ANXIOUS. .

22. 2002-08-20
    listed $66,500

    Show marketing remark (303 chars)

    ROOF 1 YR OLD. .$500 BONUS AT LIST PRICE. .METAL STOR BLDG TO BE REMOVED. . CARPET TO BE CLEANED BEFORE POSSESSION. .LARGE LIVING RM. .CUSTOM WHITE DRAPES. .L-SHAPED W/ DINING RM. .EAT-IN KIT. .STOVE & SIDE-BY-SIDE REFRIG. . LARGE LOT. .CERAMIC TILE IN KIT. .NICE COVERED PATIO. .OWNER ANXIOUS. .

ⓘ 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: $436 · $36/mo
• Projected year-2 tax: $436 · $36/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 ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,691
• − Mortgage interest: −$4,033
• − Property taxes: −$436
• − Insurance: −$360
• − Repairs & maintenance: −$1,415
• − Management: −$1,415
• − Depreciation: −$2,095
• Taxable income: $7,937
• Est. tax owed @ 24.0%: −$1,905
• After-tax cash flow: $6,744/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): 9,207
• Household income: $41,486
• Rent vs Own: 39.9% rent · 60.1% own
• Severe rent burden: 679.0

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 (83%)
• Race & ethnicity: Black 83% White 12% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4%

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: ▼ -31.17%
• Current HPI: 64.4673
• 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

+8.3% since first listed

8 events — show timeline

• 2026-06-16 Price Changed $72,000 MAAR
• 2026-06-08 Relisted — MAAR
• 2026-06-03 Contingent — MAAR
• 2026-04-28 Listed $75,000 MAAR
• 2015-01-09 Sold (MLS) $14,500 MAAR
• 2014-09-18 Listed $20,000 MAAR
• 2002-12-20 Sold (MLS) $66,500 MAAR
• 2002-08-20 Listed $66,500 MAAR

Property tax history

+9.0%/yr

Latest (2025): $436 · -8.0% YoY. Source: county tax records.