3129 Cabot St · Montgomery, AL 36110

$35,000

3 bd · 2.0 ba · 1,099 sqft · SingleFamily public records · 209 Days on market

Built 1950 0.33 ac lot Est $56k · 38% under ↓ 31% since listing

---

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

3BEDROOM 2BATH HOME IN HIHLAND GARDENS, VACANT AND MOVE IN READY DETACHED 1 CAR GARAGE, COVERED PATIO, CENTRAL HEAT AND AIR, LARGE LOT

Key facts

• Covered front porch
• Private backyard
• Large covered patios

Tags

• HIGHLAND GARDEN NEIGHBORHOOD
• COVERED FRONT PORCH
• LARGE COVERED PATIOS
• PRIVATE BACKYARD
• FUNCTIONAL LAYOUT
• CENTRAL HEATING AND AIR

Property features AI

Exterior

• Parking: Driveway; 1-car garage
• Utilities: Electricity available; Natural gas available; Public water; Public sewer
• Home design: Single-story house; Wood siding construction
• Construction: Wood siding; Built (year per public records)
• Exterior features: Covered patio; Porch; Mature trees; City lot

Interior

• Kitchen: Dishwasher
• Bedrooms: 2 bedrooms on the first floor
• Flooring: Carpet; Vinyl; Wood
• Bathrooms: 2 full bathrooms on the first floor
• Heating & cooling: Central heating (electric); Central air (electric)
• Interior features: Kitchen/dining combo; Family room; Laundry room on main level
• Laundry & utility: Laundry room (first floor); Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $608 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $35k).
• Recommended offer: $31k (12.0% below list) — sets the bar for market timing.
• Cap rate 27.1% 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: 62 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% of comp listings sitting > 30 days — soft ceiling on asking rent; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $242 of loan paydown is wiped out by about $1k 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 $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 209 days — a 12% lower offer ($31k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 19y ago; this cycle's ask has dropped $10k (22%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 6→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $30,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 209 days. Have you received any prior offers? Is the seller open to a 12% 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. 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: 3.02% ✓
• Cap rate: 27.13%
• Cash-on-cash: 74.43%
• DSCR: 4.31
• GRM: 2.8

CMA / ARV

• ARV (on-the-fly): $56,049
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3129 Cabot St	0.00mi	3/2.0	1,099 (0%)	1mo	$17,501	$16	100
1945 Gibson St	0.11mi	3/1.0	1,045 (-5%)	2mo	$23,000	$22	80
1930 Gibson St	0.15mi	3/2.0	1,040 (-5%)	4mo	$63,500	$61	80
1833 Midway St	0.27mi	3/1.0	1,175 (+7%)	1mo	$64,900	$55	71
3123 Fairground Rd	0.18mi	3/1.0	962 (-12%)	2mo	$64,000	$67	65
2003 Miller St	0.45mi	2/1.0 (-1)	1,044 (-5%)	2mo	$54,000	$52	60
1515 Baffin Ct	0.59mi	3/1.0	1,025 (-7%)	3mo	$26,000	$25	55
1544 Gibson St	0.63mi	3/1.0	1,025 (-7%)	2mo	$52,000	$51	54
4015 Montclair Dr	0.75mi	3/1.0	1,040 (-5%)	3mo	$45,000	$43	50
997 Parkwood Dr	0.71mi	3/1.0	1,188 (+8%)	1mo	$115,000	$97	49
504 Ferndale Ct	0.72mi	3/2.0	1,202 (+9%)	2mo	$60,000	$50	49
218 Broadway St	0.52mi	2/1.0 (-1)	960 (-13%)	1mo	$49,000	$51	45

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: 74.3%
• Equity multiple: 4.37×
• Total profit: $33,052
• Equity at exit: $5,219

10-year hold

• IRR: 78.0%
• Equity multiple: 9.03×
• Total profit: $78,664
• Equity at exit: $3,026

Cash invested: $9,800 (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 36110

• Home prices YoY: -34.8%
• Active inventory: 62
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,058 high
• Mortgage (P&I): −$184
• Tax from tax record: −$29 /mo · $353/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $608

Break-even live

Break-even rent $288

Max offer price $35,000

Occupancy floor 38%

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3050 Willena Ave Montgomery, AL	3.0	1.0	1466	$985	$0.67	21d	1	0.06mi
3008 Cabot St Montgomery, AL	4.0	2.0	1300	$1,150	$0.88	44d	1	0.12mi
2056 Midway St Montgomery, AL	3.0	1.0	1110	$985	$0.89	44d	1	0.17mi
2076 Midway St Montgomery, AL	3.0	1.0	1068	$1,000	$0.94	44d	1	0.19mi
2111 Yarbrough St Montgomery, AL	3.0	1.0	962	$795	$0.83	44d	1	0.23mi
1817 Texas Ct Montgomery, AL	3.0	1.0	925	$1,050	$1.14	21d	1	0.25mi
2107 Yarbrough Cir Montgomery, AL	3.0	1.0	910	$925	$1.02	44d	1	0.25mi
2019 Amos St Montgomery, AL	3.0	1.5	1134	$985	$0.87	44d	1	0.26mi
3329 Texas St Montgomery, AL	3.0	1.0	1000	$1,100	$1.10	44d	1	0.34mi
3114 Cotton St Montgomery, AL	3.0	1.0	888	$1,100	$1.24	44d	1	0.40mi
3452 Harris St Montgomery, AL	3.0	1.0	1400	$1,150	$0.82	21d	1	0.42mi
3042 George B Edmondson Dr Montgomery, AL	3.0	1.0	900	$860	$0.96	44d	1	0.47mi
2001 Speigle St Montgomery, AL	3.0	1.0	1260	$1,035	$0.82	44d	1	0.50mi
298 Broadway St Montgomery, AL	2.0	1.0	896	$900	$1.00	44d	1	0.52mi
218 Broadway St Montgomery, AL	2.0	1.0	960	$895	$0.93	13d	1	0.54mi
1653 N Yarbrough Ct Montgomery, AL	3.0	1.0	1130	$950	$0.84	21d	1	0.59mi
1324 Federal Dr Montgomery, AL	2.0	1.0	1000	$1,100	$1.10	44d	1	0.62mi
341 Chisholm St Montgomery, AL	3.0	1.0	756	$1,195	$1.58	21d	1	0.62mi
2503 Skyline Ave Montgomery, AL	3.0	1.0	1015	$1,150	$1.13	44d	1	0.69mi
216 Gardendale Dr Montgomery, AL	3.0	1.0	900	$850	$0.94	21d	1	0.70mi
2006 Harmon St Unit 3 Montgomery, AL	3.0	1.0	800	$500	$0.62	44d	1	0.71mi
4029 Chelsea Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	44d	1	0.83mi
3613 Erwin Dr Montgomery, AL	3.0	2.0	1092	$1,250	$1.14	44d	1	0.95mi
1024 Grenada Dr Montgomery, AL	3.0	1.0	1144	$1,125	$0.98	44d	1	0.97mi
16 Garden St Montgomery, AL	3.0	1.5	1008	$775	$0.77	44d	1	1.02mi
207 Destin St Montgomery, AL	3.0	1.0	966	$695	$0.72	21d	1	1.02mi
204 W Park Ave Montgomery, AL	3.0	1.0	1145	$850	$0.74	21d	1	1.07mi
3 Rotary St Montgomery, AL	3.0	1.0	1131	$925	$0.82	21d	1	1.10mi
740 Coliseum Blvd Unit 740A Montgomery, AL	2.0	1.0	1100	$895	$0.81	13d	1	1.12mi
700 Coliseum Blvd Unit 700D Montgomery, AL	2.0	1.0	911	$895	$0.98	44d	1	1.19mi
142 W Michigan Ave Montgomery, AL	3.0	1.0	840	$995	$1.18	13d	1	1.27mi
429 Edward St Montgomery, AL	3.0	1.0	828	$1,080	$1.30	13d	1	1.27mi
412 Edward St Montgomery, AL	3.0	1.0	828	$800	$0.97	44d	1	1.28mi
517 N Florida St Unit B Montgomery, AL	2.0	1.0	900	$750	$0.83	44d	1	1.29mi
2023 Windsor Ave Montgomery, AL	2.0	1.0	889	$895	$1.01	44d	1	1.31mi
2122 Windsor Ave Montgomery, AL	2.0	1.0	1052	$725	$0.69	44d	1	1.33mi
424 N California St Apt D Montgomery, AL	2.0	1.0	850	$778	$0.92	21d	1	1.36mi
108 Calhoun Rd Unit 108B Montgomery, AL	2.0	1.0	1350	$750	$0.56	44d	1	1.40mi
508 Glenmore Rd Montgomery, AL	2.0	1.0	1135	$1,000	$0.88	44d	1	1.41mi
2009 Yancey Ave Montgomery, AL	3.0	1.0	1140	$1,080	$0.95	21d	1	1.45mi

Listing history 9 events

1. 2026-04-17
   historical Contingent
2. 2026-03-01
   price $35,000
3. 2026-02-17
   status Active
4. 2026-02-10
   historical Contingent
5. 2025-12-01
   price $40,000
6. 2025-10-30
   listed $45,000 Active
7. 2024-12-19
   listed $55,000 Active
8. 2008-03-12
   soldstatus $46,500 134-char remark

   Show marketing remark (134 chars)

   3BEDROOM 2BATH HOME IN HIHLAND GARDENS, VACANT AND MOVE IN READY DETACHED 1 CAR GARAGE, COVERED PATIO, CENTRAL HEAT AND AIR, LARGE LOT

9. 2007-10-26
   listed $50,500 134-char remark

   Show marketing remark (134 chars)

   3BEDROOM 2BATH HOME IN HIHLAND GARDENS, VACANT AND MOVE IN READY DETACHED 1 CAR GARAGE, COVERED PATIO, CENTRAL HEAT AND AIR, LARGE LOT

ⓘ 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: $353 · $29/mo
• Projected year-2 tax: $353 · $29/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 6 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,690
• − Mortgage interest: −$1,961
• − Property taxes: −$353
• − Insurance: −$175
• − Repairs & maintenance: −$1,015
• − Management: −$1,015
• − Depreciation: −$1,018
• Taxable income: $7,153
• Est. tax owed @ 24.0%: −$1,717
• After-tax cash flow: $5,578/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): 12,102
• Household income: $47,315
• Rent vs Own: 50.0% rent · 50.0% own
• Severe rent burden: 753.0

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 11% Two or more races 3% Asian 2% Hispanic / Latino 1%
• Common ancestry: Hispanic 1%
• Foreign-born: 2% · China, Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1%

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: ▼ -35.37%
• Current HPI: 66.3114
• 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

-30.7% since first listed

9 events — show timeline

• 2026-04-17 Contingent — MAAR
• 2026-03-01 Price Changed $35,000 MAAR
• 2026-02-17 Relisted — MAAR
• 2026-02-10 Contingent — MAAR
• 2025-12-01 Price Changed $40,000 MAAR
• 2025-10-30 Listed $45,000 MAAR
• 2024-12-19 Listed $55,000 MAAR
• 2008-03-12 Sold (MLS) $46,500 MAAR
• 2007-10-26 Listed $50,500 MAAR

Property tax history

+5.6%/yr

Latest (2025): $353 · +113.2% YoY. Source: county tax records.