1514 17th Ave · Northport, AL 35476

$135,000

3 bd · 1.0 ba · 1,296 sqft · SingleFamily public records · 14 Days on market

Built 1946 10,018 sqft lot $104/sqft · 26% below area Est $195k · 31% 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +5.5/10.0
• Livability +3.9/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this well-maintained 3-bedroom, 1.5-bath home that blends classic charm with modern convenience. Situated on a spacious lot, this property offers inviting curb appeal with its front porch, distinctive stone, and brick accents. Inside, the open kitchen is designed for both functionality and style, featuring ample countertop space and plenty of cabinetry. Outside, enjoy the large, fenced backyard for outdoor activities and relaxation. Two storage buildings provide extra space for tools, equipment, or seasonal items. This property is complete with covered parking and additional driveway space. Don’t miss the opportunity to make this delightful property your new home or next in

Key facts

• Covered parking
• Front porch
• Open kitchen

Tags

• FRONT PORCH
• STONE AND BRICK ACCENTS
• OPEN KITCHEN
• LARGE FENCED BACKYARD
• TWO STORAGE BUILDINGS
• COVERED PARKING

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 $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $135k).
• Cap rate 9.1% vs local median 4.2% in Northport — 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 78/100 on livability (#8 in AL, #2,686 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Tuscaloosa County (suburban): math 21% / reading 45% proficiency, ranked #47 of 129 in AL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 44 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 622 units permitted in Tuscaloosa County in 2024 (69 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Tuscaloosa County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 55% 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 $135,000

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.05% ✓
• Cap rate: 9.06%
• Cash-on-cash: 9.89%
• DSCR: 1.44
• GRM: 7.9

CMA / ARV

• ARV (median comp): $194,954
• List price: $135,000
• Delta: -28.24%
• 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
1711 17th St	0.08mi	3/2.0	1,342 (+4%)	5mo	$96,000	$72	82
1406 10th St	0.20mi	3/2.0	1,404 (+8%)	3mo	$205,000	$146	70
2111 18th St	0.29mi	3/1.5	1,418 (+9%)	0mo	$232,500	$164	68
2109 20th Ave	0.34mi	3/1.0	1,217 (-6%)	9mo	$186,000	$153	67
2412 17th Ave	0.49mi	3/2.0	1,355 (+5%)	4mo	$135,000	$100	62
2300 18th Ave	0.41mi	2/1.0 (-1)	1,326 (+2%)	11mo	$187,900	$142	62
2600 17th Ave	0.55mi	3/2.0	1,254 (-3%)	4mo	$186,000	$148	61
2105 22nd Ave	0.41mi	3/2.0	1,456 (+12%)	1mo	$254,000	$174	56
1901 Main Ave. Ave	0.49mi	2/1.0 (-1)	1,176 (-9%)	4mo	$216,000	$184	53
2422 17th Ave	0.45mi	3/2.0	1,150 (-11%)	7mo	$199,000	$173	51
2812 Robinwood Ln Ln	0.73mi	3/3.0	1,314 (+1%)	7mo	$235,000	$179	50
2739 Meadowlark Ln	0.75mi	3/2.0	1,400 (+8%)	7mo	$225,000	$161	42

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: -1.5%
• Equity multiple: 0.94×
• Total profit: $-2,092
• Equity at exit: $20,129

10-year hold

• IRR: 8.2%
• Equity multiple: 1.62×
• Total profit: $23,504
• Equity at exit: $11,672

Cash invested: $37,800 (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 35476

• Home prices YoY: -32.3%
• Active inventory: 44
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,421 high
• Mortgage (P&I): −$708
• Tax from tax record: −$47 /mo · $560/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $311

Break-even live

Break-even rent $1,026

Max offer price $135,000

Occupancy floor 73%

Sensitivity live

Price	-10% $388	-5% $350	+0% $311	+5% $273	+10% $235
Rent	-10% $199	-5% $255	+0% $311	+5% $368	+10% $424
Rate	-1.0pp $379	-0.5pp $346	base $311	+0.5pp $276	+1.0pp $241

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1920 5th St Northport, AL	1.0–2.0	1.0	892	$1,125	$1.26	21d	3	0.46mi
2705 18th Ave Unit 4D Northport, AL	2.0	1.5	1100	$625	$0.57	44d	1	0.59mi
500 Snows Mill Ave Tuscaloosa, AL	1.0–2.0	1.0–2.0	904	$1,100	$1.22	14d	1	0.81mi
201 Marina Dr Tuscaloosa, AL	1.0–3.0	1.0–2.0	1099	$1,595	$1.45	14d	1	0.91mi
301 19th Ave Tuscaloosa, AL	2.0	2.5	1200	$2,200	$1.83	21d	1	1.14mi
800 Energy Center Blvd Northport, AL	3.0	1.0–2.5	950	$1,784	$1.88	14d	1	1.42mi
303 Reed St Tuscaloosa, AL	1.0–2.0	1.0	1150	$1,400	$1.22	44d	2	1.45mi

Listing history 20 events

1. 2026-06-18
   days on market $135,000 Active 14 DOM
2. 2026-06-17
   days on market $135,000 Active 13 DOM
3. 2026-06-16
   days on market $135,000 Active 12 DOM
4. 2026-06-15
   days on market $135,000 Active 11 DOM
5. 2026-06-14
   days on market $135,000 Active 9 DOM
6. 2026-06-13
   days on market $135,000 Active 8 DOM
7. 2026-06-10
   days on market $135,000 Active 6 DOM
8. 2026-06-09
   days on market $135,000 Active 5 DOM
9. 2026-06-08
   days on market $135,000 Active 4 DOM
10. 2026-06-07
    days on market $135,000 Active 3 DOM
11. 2026-06-05
    pricestatusdays on marketlisting id $135,000 Active 1 DOM
12. 2026-04-22
    price $139,900
13. 2026-03-05
    price $154,900
14. 2025-12-11
    price $159,900
15. 2025-07-02
    status Active
16. 2025-06-24
    status Pending
17. 2025-05-14
    listed $164,900 Active
18. 2024-12-30
    listed $169,900 Active
19. 2024-05-30
    historical $1,195
20. 2024-05-15
    listed $1,195

ⓘ 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: $560 · $47/mo
• Projected year-2 tax: $560 · $47/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% 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: $17,048
• − Mortgage interest: −$7,562
• − Property taxes: −$560
• − Insurance: −$675
• − Repairs & maintenance: −$1,364
• − Management: −$1,364
• − Depreciation: −$3,927
• Taxable income: $1,596
• Est. tax owed @ 24.0%: −$383
• After-tax cash flow: $3,354/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: Tuscaloosa County
• NCES district ID: 0103390
• Math proficiency: 21% ▼ -24.00%
• Reading proficiency: 45% ▲ 2.00%
• Median HH income: $53,000
• Composite: 28.88/100
• National rank: #6641
• State rank: #47 of 129 in AL

Livability — Northport

• Score: 78/100
• State rank: #8
• US rank: #2686

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Northport, AL
• County: Tuscaloosa County · 206,491 people
• City population: 47,464
• Metro: Tuscaloosa, AL
• Population (ZIP): 8,521
• Household income: $61,154
• Rent vs Own: 58.8% rent · 41.2% own
• Severe rent burden: 281.0

Population outlook (Tuscaloosa County) Hauer SSP2

• Today (2025): 228,293 people
• By 2030: 240,551 · +5.4%
• By 2040: 263,856 · +15.6%
• By 2050: 286,491 · +25.5%
• By 2075: 335,783 · +47.1%
• By 2100: 370,520 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Black 50% White 40% Hispanic / Latino 8% Two or more races 5%
• Hispanic origin (detail): Mexican 2% Cuban 2%
• Common ancestry: Lithuanian 2% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 7%

Political lean MEDSL · Tuscaloosa

• 2024 margin: Strong R (+20.4) · D 39.4% · R 59.8%
• 2008→2024 swing: -4.4pp toward R · 2008: -16.0pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+14.8 2016: R+19.5 2012: R+17.4 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.98%
• Current HPI: 219.7539
• Rent YoY: —
• Metro: Tuscaloosa, 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

+11607.1% since first listed

9 events — show timeline

• 2026-04-22 Price Changed $139,900 WAMLS
• 2026-03-05 Price Changed $154,900 WAMLS
• 2025-12-11 Price Changed $159,900 WAMLS
• 2025-07-02 Relisted — WAMLS
• 2025-06-24 Pending — WAMLS
• 2025-05-14 Listed $164,900 WAMLS
• 2024-12-30 Listed $169,900 WAMLS
• 2024-05-30 Rental Removed $1,195 RENT.
• 2024-05-15 Listed for Rent $1,195 RENT.

Property tax history

+12.3%/yr

Latest (2025): $560 · +6.9% YoY. Source: county tax records.