1820 Walnut Rd · Littleville, AL 35654

$120,000

3 bd · 1.5 ba · 1,300 sqft · SingleFamily public records · 48 Days on market

Built 1964 1.44 ac lot $92/sqft · 7% above area Est $112k · 7% over ↓ 26% since listing

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Why this score? — see what drove the D 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 +17.8/30.0
• DSCR +5.6/10.0
• ARV discount +4.3/15.0
• 1% rule +3.6/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.6/10.0

Listing remarks

3 bedroom/1.5 bath home on a 1.4 acre corner lot in Russellville, AL. Features include storage shed, carport, central hvac, fireplace, electric cooktop, electric oven. Hall bathroom features garden tub/shower combo, with a 1/2 bath off the primary. Tons of potential for renovating this property into your dream home. This is a Lender-owned REO Property -- Cash, Conventional, or Renovation Loan only.

Key facts

• Central hvac
• Carport
• Storage shed

Tags

• CORNER LOT
• STORAGE SHED
• CARPORT
• CENTRAL HVAC
• FIREPLACE
• ELECTRIC COOKTOP

Property features AI

Finance

• Other: No land lease

Exterior

• Parking: Carport (1 space)
• Utilities: Cable available; Electricity available (110 volts); Natural gas available; Phone available; Public water available; Public sewer
• Home design: Single family residence; Residential property; Built in 1964; Shingle roof; Pillar/Post/Pier foundation
• Construction: Brick on all sides and frame construction
• Exterior features: Outdoor storage; Shed(s); No fencing; Property has a view

Interior

• Kitchen: Electric cooktop; Electric oven
• Bedrooms: 3 bedrooms
• Flooring: Ceramic tile flooring; Other flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Other interior features; Fireplace (present); Kitchen cabinets with additional features

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $120k.

Deal economics

• At list price, monthly cash flow is $99 ($1k/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 $103k (14.0% below list).
• Recommended offer: $103k (14.0% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 3.5% in Littleville — 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 (#122 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools F, amenities F.
• Colbert County (rural): math 13% / reading 38% proficiency, ranked #90 of 129 in AL (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 43 active listings in the ZIP; 91 units permitted in Colbert County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Colbert County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $103,141 (14.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.86% ✗
• Cap rate: 7.28%
• Cash-on-cash: 3.54%
• DSCR: 1.16
• GRM: 9.7

CMA / ARV

• ARV (median comp): $111,995
• List price: $120,000
• Delta: 7.15%
• Verdict: FAIR
• Comps: 13 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1175 George Wallace Hwy	0.29mi	3/1.0	1,258 (-3%)	9mo	$104,000	$83	71
1700 Pine Ave	0.73mi	3/1.0	1,333 (+2%)	11mo	$65,000	$49	51
1150 George Wallace Hwy	0.23mi	2/2.0 (-1)	1,120 (-14%)	20mo	$152,000	$136	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: -10.8%
• Equity multiple: 0.61×
• Total profit: $-13,194
• Equity at exit: $17,892

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-3,589
• Equity at exit: $10,375

Cash invested: $33,600 (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 35654

• Home prices YoY: -4.6%
• Active inventory: 43
• Price-to-rent: 9.7×

Monthly cashflow live

• Estimated rent: $1,031 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$37 /mo · $438/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$217
• Net cashflow: $99

Break-even live

Break-even rent $906

Max offer price $120,000

Occupancy floor 85%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $120,000 Active 48 DOM
2. 2026-06-18
   days on market $120,000 Active 47 DOM
3. 2026-06-17
   days on market $120,000 Active 46 DOM
4. 2026-06-16
   days on market $120,000 Active 45 DOM
5. 2026-06-15
   days on market $120,000 Active 44 DOM
6. 2026-06-14
   days on market $120,000 Active 42 DOM
7. 2026-06-13
   days on market $120,000 Active 41 DOM
8. 2026-06-10
   days on market $120,000 Active 39 DOM
9. 2026-06-09
   days on market $120,000 Active 38 DOM
10. 2026-06-08
    days on market $120,000 Active 37 DOM
11. 2026-06-07
    days on market $120,000 Active 36 DOM
12. 2026-06-05
    days on market $120,000 Active 33 DOM
13. 2026-06-03
    days on market $120,000 Active 32 DOM
14. 2026-06-02
    days on market $120,000 Active 31 DOM
15. 2026-06-01
    days on market $120,000 Active 30 DOM
16. 2026-05-31
    days on market $120,000 Active 29 DOM
17. 2026-05-30
    days on market $120,000 Active 28 DOM
18. 2026-05-02
    listed $120,000 Active 401-char remark
19. 2021-03-01
    listed $119,900
20. 2019-05-16
    soldstatus $161,298

ⓘ 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: $438 · $37/mo
• Projected year-2 tax: $492 · $41/mo
• Expected delta: +$54/yr (+$4/mo · 12.3%)

ⓘ 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 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $12,377
• − Mortgage interest: −$6,722
• − Property taxes: −$438
• − Insurance: −$600
• − Repairs & maintenance: −$990
• − Management: −$990
• − Depreciation: −$3,491
• Taxable loss: −$854
• Est. tax savings @ 24.0%: +$205
• After-tax cash flow: $1,393/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: Colbert County
• NCES district ID: 0100840
• Math proficiency: 13% ▼ -24.00%
• Reading proficiency: 38% ▬ 0.00%
• Median HH income: $40,710
• Composite: 21.48/100
• National rank: #8328
• State rank: #90 of 129 in AL

Livability — Littleville

• Score: 65/100
• State rank: #122
• US rank: #12858

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Littleville, AL
• Population (ZIP): 8,396

Population outlook (Colbert County) Hauer SSP2

• Today (2025): 54,154 people
• By 2030: 53,746 · -0.8%
• By 2040: 52,431 · -3.2%
• By 2050: 50,303 · -7.1%
• By 2075: 44,789 · -17.3%
• By 2100: 36,676 · -32.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 18% Two or more races 8% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Serbian 1% Italian 1% Lithuanian 1%
• Foreign-born: 9% · Canada
• Languages at home: 85% English-only · Spanish 15%

Political lean MEDSL · Colbert

• 2024 margin: Solid R (+46.4) · D 26.4% · R 72.8%
• 2008→2024 swing: -26.2pp toward R · 2008: -20.3pp · 2024: -46.4pp
• All cycles: 2024: R+46.4 2020: R+38.9 2016: R+38.3 2012: R+20.4 2008: R+20.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -8.75%
• Current HPI: 181.7
• 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

-25.6% since first listed

3 events — show timeline

• 2026-05-02 Listed $120,000 GCMLS AL
• 2021-03-01 Listed $119,900 SAARMLS
• 2019-05-16 Sold (Public Records) $161,298 Public Records

Property tax history

-1.8%/yr

Latest (2025): $438 · +5.4% YoY. Source: county tax records.