211 S Center St · Piedmont, AL 36272

$49,900

6 bd · 1.0 ba · 3,584 sqft · SingleFamily public records · 90 Days on market

Built 1925 0.27 ac lot $14/sqft · 78% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this 101 year old diamond waiting to be polished up and shining again! Located in the City limits of Piedmont Alabama this home is an original 1925 Sears Roebuck home! Bring your creativity and restore it! This home has super wide hallways with oversized bedrooms. The main floor has 3 bedrooms, bath and kitchen. Upstairs has 3 bedrooms and the bathroom is gutted and ready to be remodeled. Level lot is easy to maintain, close to shopping and within walking distance to the Chief Ladiga Trail for biking/walking. Piedmont is a small town atmosphere with local original businesses, award winning schools and access to nature like Terrapin Creek for kayaking. Schedule your private showing!

Key facts

• Access to nature
• Oversized bedrooms
• Super wide hallways

Tags

• SUPER WIDE HALLWAYS
• OVERSIZED BEDROOMS
• LEVEL LOT
• AWARD WINNING SCHOOLS
• ACCESS TO NATURE

What this means for you Summary

Snapshot

• This is a 6-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $716 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $47k (6.0% below list) — sets the bar for market timing.
• Cap rate 23.5% vs local median 4.5% in Piedmont — 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 57/100 on livability (#402 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools C-, crime F, amenities F.
• Piedmont City (town): math 40% / reading 57% proficiency, ranked #14 of 129 in AL (top 11%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 88 active listings in the ZIP; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $345 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Calhoun County population projected at -21% 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 $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 25% 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 $46,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 days. Have you received any prior offers? Is the seller open to a 6% 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: 2.59% ✓
• Cap rate: 23.51%
• Cash-on-cash: 61.47%
• DSCR: 3.74
• GRM: 3.2

CMA / ARV

• ARV (median comp): $228,428
• List price: $49,900
• Delta: -78.16%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 60.3%
• Equity multiple: 3.68×
• Total profit: $37,495
• Equity at exit: $7,440

10-year hold

• IRR: 65.0%
• Equity multiple: 7.54×
• Total profit: $91,330
• Equity at exit: $4,314

Cash invested: $13,972 (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 36272

• Home prices YoY: -10.2%
• Active inventory: 88
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,293 medium
• Mortgage (P&I): −$262
• Tax from tax record: −$23 /mo · $276/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $716

Break-even live

Break-even rent $387

Max offer price $49,900

Occupancy floor 40%

Sensitivity live

Price	-10% $744	-5% $730	+0% $716	+5% $702	+10% $687
Rent	-10% $614	-5% $665	+0% $716	+5% $767	+10% $818
Rate	-1.0pp $741	-0.5pp $728	base $716	+0.5pp $703	+1.0pp $690

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: $12,475
• Closing costs: $1,497
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-06-09
   days on market $49,900 Active 90 DOM
2. 2026-06-08
   days on market $49,900 Active 89 DOM
3. 2026-06-07
   days on market $49,900 Active 88 DOM
4. 2026-06-07
   days on market $49,900 Active 87 DOM
5. 2026-06-04
   days on market $49,900 Active 84 DOM
6. 2026-06-02
   days on market $49,900 Active 83 DOM
7. 2026-06-01
   days on market $49,900 Active 82 DOM
8. 2026-05-31
   days on market $49,900 Active 81 DOM
9. 2026-05-31
   days on market $49,900 Active 80 DOM
10. 2026-03-11
    listed $49,900 Active 700-char remark

    Show marketing remark (700 chars)

    Check out this 101 year old diamond waiting to be polished up and shining again! Located in the City limits of Piedmont Alabama this home is an original 1925 Sears Roebuck home! Bring your creativity and restore it! This home has super wide hallways with oversized bedrooms. The main floor has 3 bedrooms, bath and kitchen. Upstairs has 3 bedrooms and the bathroom is gutted and ready to be remodeled. Level lot is easy to maintain, close to shopping and within walking distance to the Chief Ladiga Trail for biking/walking. Piedmont is a small town atmosphere with local original businesses, award winning schools and access to nature like Terrapin Creek for kayaking. Schedule your private showing!

ⓘ 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: $276 · $23/mo
• Projected year-2 tax: $276 · $23/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 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,512
• − Mortgage interest: −$2,795
• − Property taxes: −$276
• − Insurance: −$250
• − Repairs & maintenance: −$1,241
• − Management: −$1,241
• − Depreciation: −$1,452
• Taxable income: $8,258
• Est. tax owed @ 24.0%: −$1,982
• After-tax cash flow: $6,607/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: Piedmont City
• NCES district ID: 0102760
• Math proficiency: 40% ▼ -14.00%
• Reading proficiency: 57% ▲ 6.00%
• Median HH income: $32,302
• Composite: 39.78/100
• National rank: #3881
• State rank: #14 of 129 in AL

Livability — Piedmont

• Score: 57/100
• State rank: #402
• US rank: #22342

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Piedmont, AL
• City population: 12,996
• Population (ZIP): 12,996

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Black 5% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Russian 2% Serbian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.87%
• Current HPI: 192.177
• 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

1 event — show timeline

• 2026-03-11 Listed $49,900 VMLS

Property tax history

-7.4%/yr

Latest (2025): $276 · +0.0% YoY. Source: county tax records.