306 S Nashville Ave · Sylacauga, AL 35150

$39,900

3 bd · 2.0 ba · 2,022 sqft · SingleFamily public records · 61 Days on market

Built 1955 0.49 ac lot $20/sqft · 76% below area ↓ 29% since listing

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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
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 3 bedroom, 3 bathroom home with 2,022 square feet is a true handyman special ready for your vision! Packed with space and potential, this property is the perfect opportunity for buyers looking to build sweat equity and make a home their own. With a flexible layout and plenty of room to reimagine, the possibilities here are endless. Whether you’re an investor or a buyer not afraid to roll up your sleeves, this one is full of promise. Don’t miss your chance to turn this diamond in the rough into something special!

Key facts

• 0.49 acre lot
• Built 1955
• Listed 61 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $703 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.
• Cap rate 29.4% vs local median 4.3% in Sylacauga — 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 64/100 on livability (#157 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A, health & safety A-; Watch: schools D+, crime F, amenities F.
• Sylacauga City (town): math 20% / reading 45% proficiency, ranked #63 of 129 in AL (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 135 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Talladega County population projected at -14% 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 61 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 45% 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 $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 61 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 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 3.38% ✓
• Cap rate: 29.44%
• Cash-on-cash: 82.68%
• DSCR: 4.68
• GRM: 2.5

CMA / ARV

• ARV (median comp): $166,687
• List price: $39,900
• Delta: -76.06%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
306 Main Ave	0.16mi	3/2.0	1,968 (-3%)	14mo	$27,500	$14	77
401 Park St E	0.08mi	4/2.0 (+1)	2,100 (+4%)	10mo	$168,000	$80	76
12 Montgomery Ave	0.54mi	3/2.0	1,969 (-3%)	8mo	$194,500	$99	64
201 Bay St	0.54mi	3/2.0	2,096 (+4%)	11mo	$27,000	$13	60
309 & 311 S Main Ave	0.20mi	3/1.0	1,775 (-12%)	8mo	$40,000	$23	60
403 S Norton Ave	0.43mi	4/3.0 (+1)	2,091 (+3%)	7mo	$193,000	$92	59
205 S Norton Ave	0.44mi	3/2.0	1,831 (-9%)	11mo	$194,000	$106	55
306 3rd St	0.74mi	3/2.0	2,247 (+11%)	15mo	$68,250	$30	35

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: 75.5%
• Equity multiple: 4.44×
• Total profit: $38,403
• Equity at exit: $5,949

10-year hold

• IRR: 79.2%
• Equity multiple: 9.18×
• Total profit: $91,421
• Equity at exit: $3,450

Cash invested: $11,172 (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 35150

• Home prices YoY: -7.9%
• Active inventory: 135
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,350 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$71 /mo · $850/yr
• Insurance: −$17
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $703

Break-even live

Break-even rent $460

Max offer price $39,900

Occupancy floor 43%

Sensitivity live

Price	-10% $726	-5% $715	+0% $703	+5% $692	+10% $681
Rent	-10% $597	-5% $650	+0% $703	+5% $757	+10% $810
Rate	-1.0pp $723	-0.5pp $713	base $703	+0.5pp $693	+1.0pp $682

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
307 N Cannon Ave Sylacauga, AL	4.0	2.0	1540	$1,350	$0.88	45d	1	1.28mi

Listing history 17 events

1. 2026-06-16
   status $39,900 Pending 61 DOM
2. 2026-06-15
   days on market $39,900 Active 61 DOM
3. 2026-06-14
   days on market $39,900 Active 59 DOM
4. 2026-06-12
   days on market $39,900 Active 58 DOM
5. 2026-06-09
   days on market $39,900 Active 55 DOM
6. 2026-06-08
   days on market $39,900 Active 54 DOM
7. 2026-06-07
   days on market $39,900 Active 53 DOM
8. 2026-06-07
   days on market $39,900 Active 52 DOM
9. 2026-06-04
   days on market $39,900 Active 49 DOM
10. 2026-06-03
    price $39,900 Active 48 DOM
11. 2026-06-02
    days on market $49,900 Active 48 DOM
12. 2026-06-01
    days on market $49,900 Active 47 DOM
13. 2026-05-31
    days on market $49,900 Active 46 DOM
14. 2026-05-31
    days on market $49,900 Active 45 DOM
15. 2026-05-06
    price $49,900 534-char remark

    Show marketing remark (534 chars)

    This 3 bedroom, 3 bathroom home with 2,022 square feet is a true handyman special ready for your vision! Packed with space and potential, this property is the perfect opportunity for buyers looking to build sweat equity and make a home their own. With a flexible layout and plenty of room to reimagine, the possibilities here are endless. Whether you’re an investor or a buyer not afraid to roll up your sleeves, this one is full of promise. Don’t miss your chance to turn this diamond in the rough into something special!

16. 2026-04-29
    price $59,900 534-char remark

    Show marketing remark (534 chars)

    This 3 bedroom, 3 bathroom home with 2,022 square feet is a true handyman special ready for your vision! Packed with space and potential, this property is the perfect opportunity for buyers looking to build sweat equity and make a home their own. With a flexible layout and plenty of room to reimagine, the possibilities here are endless. Whether you’re an investor or a buyer not afraid to roll up your sleeves, this one is full of promise. Don’t miss your chance to turn this diamond in the rough into something special!

17. 2026-04-15
    listed $69,900 Active 534-char remark

    Show marketing remark (534 chars)

    This 3 bedroom, 3 bathroom home with 2,022 square feet is a true handyman special ready for your vision! Packed with space and potential, this property is the perfect opportunity for buyers looking to build sweat equity and make a home their own. With a flexible layout and plenty of room to reimagine, the possibilities here are endless. Whether you’re an investor or a buyer not afraid to roll up your sleeves, this one is full of promise. Don’t miss your chance to turn this diamond in the rough into something special!

ⓘ 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: $850 · $71/mo
• Projected year-2 tax: $850 · $71/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 7/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 45% 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: $16,200
• − Mortgage interest: −$2,235
• − Property taxes: −$850
• − Insurance: −$997
• − Repairs & maintenance: −$1,296
• − Management: −$1,296
• − Depreciation: −$1,161
• Taxable income: $8,365
• Est. tax owed @ 24.0%: −$2,008
• After-tax cash flow: $6,432/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: Sylacauga City
• NCES district ID: 0103120
• Math proficiency: 20% ▼ -25.00%
• Reading proficiency: 45% ▲ 4.00%
• Median HH income: $33,900
• Composite: 26.64/100
• National rank: #7170
• State rank: #63 of 129 in AL

Livability — Sylacauga

• Score: 64/100
• State rank: #157
• US rank: #14297

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sylacauga, AL
• City population: 17,118
• Population (ZIP): 17,118

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (62%)
• Race & ethnicity: White 62% Black 32% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Hispanic 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -20.65%
• Current HPI: 240.527
• 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

-28.6% since first listed

3 events — show timeline

• 2026-05-06 Price Changed $49,900 Greater Alabama MLS
• 2026-04-29 Price Changed $59,900 Greater Alabama MLS
• 2026-04-15 Listed $69,900 Greater Alabama MLS

Property tax history

+4.3%/yr

Latest (2025): $850 · +2.7% YoY. Source: county tax records.