31191 County Road 107 · Red Level, AL 36474

$34,000

3 bd · 1.0 ba · 1,056 sqft · Manufactured · 13 Days on market

Built 1988 Poor condition 2.43 ac lot

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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
• Appreciation +6.3/10.0
• Schools +3.2/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

Check out this investment opportunity!Disclaimer- This is a tax deed property. Cash offers only. No title insurance available.

Key facts

• 2.43 acre lot
• 2 parking spots
• Built 1988

Property features AI

Exterior

• Parking: Attached parking; Driveway parking; 2-car carport spaces
• Utilities: Public water; Septic system; Internet service availability unknown
• Home design: Existing construction; Single-story layout (all rooms listed at level 1)
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: No waterfront; No pool; No patio; No decks; Lot not in a flood plain; No notable lot view

Interior

• Kitchen: Laminate countertops
• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Vinyl
• Bathrooms: One full bathroom on the main level
• Heating & cooling: No heat; No air conditioning
• Interior features: Ceilings noted as 'Other (see remarks)'; No additional interior features listed
• Laundry & utility: No specific laundry or utility features listed

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $34k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $432 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($844 rent vs $34k).

Location & tenants

• Location reads 62/100 on livability (#214 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety C-, employment D+, schools D-.
• Covington County (rural): math 27% / reading 50% proficiency, ranked #32 of 129 in AL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 25 active listings in the ZIP; 13 units permitted in Covington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $1k of equity ($235 loan paydown + $903 appreciation (2.7% local appreciation)).
• Covington County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $34,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 2.48% ✓
• Cap rate: 21.53%
• Cash-on-cash: 54.42%
• DSCR: 3.42
• GRM: 3.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.66% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 59.1%
• Equity multiple: 4.26×
• Total profit: $30,994
• Equity at exit: $14,634

10-year hold

• IRR: 58.9%
• Equity multiple: 8.63×
• Total profit: $72,592
• Equity at exit: $22,057

Cash invested: $9,520 (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 36474

• Home prices YoY: 1.9%
• Active inventory: 25
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $844 medium
• Mortgage (P&I): −$178
• Tax est. 1.5%: −$42 /mo · $510/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$177
• Net cashflow: $432

Break-even live

Break-even rent $297

Max offer price $34,000

Occupancy floor 44%

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: $8,500
• Closing costs: $1,020
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-19
   days on market $34,000 Active 13 DOM
2. 2026-06-18
   days on market $34,000 Active 12 DOM
3. 2026-06-17
   days on market $34,000 Active 11 DOM
4. 2026-06-16
   days on market $34,000 Active 10 DOM
5. 2026-06-15
   days on market $34,000 Active 9 DOM
6. 2026-06-14
   days on market $34,000 Active 7 DOM
7. 2026-06-12
   days on market $34,000 Active 6 DOM
8. 2026-06-09
   days on market $34,000 Active 3 DOM
9. 2026-06-08
   days on market $34,000 Active 2 DOM
10. 2026-06-07
    remarks 126-char remark
11. 2026-06-07
    listed $34,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $10,128
• − Mortgage interest: −$1,905
• − Property taxes: −$510
• − Insurance: −$170
• − Repairs & maintenance: −$810
• − Management: −$810
• − Depreciation: −$989
• Taxable income: $4,934
• Est. tax owed @ 24.0%: −$1,184
• After-tax cash flow: $3,997/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.

Condition & rehab AI · 6 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive repairs and updates, including a new roof, exterior siding, flooring, and kitchen and bathroom updates. Improvements will significantly enhance its resale and rental value.

Repairs flagged

• Major roof — Signs of wear and tear on the roof as seen in the satellite image.
• Major exterior siding — Peeling and faded paint on the exterior siding.
• Major flooring — Worn and stained flooring in the kitchen and possibly other areas.
• Major interior walls — Faded paint and potential water damage on interior walls.
• Major kitchen cabinets — Outdated and worn cabinetry.
• Major bathroom fixtures — Dated and worn bathroom fixtures.

Value-add opportunities

• Both Painting and updating the exterior siding — Improves curb appeal and enhances the home's overall appearance, attracting potential buyers or renters.
• Both Flooring replacement — New flooring will improve the home's condition and make it more attractive to potential buyers or renters.
• Both Kitchen and bathroom updates — Updating the kitchen and bathroom will make the home more modern and appealing, increasing its value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Signs of wear and tear on the roof as seen in the satellite image.	Major	$15,000–50,000
exterior siding · Peeling and faded paint on the exterior siding.	Major	$15,000–50,000
flooring · Worn and stained flooring in the kitchen and possibly other areas.	Major	$15,000–50,000
interior walls · Faded paint and potential water damage on interior walls.	Major	$15,000–50,000
kitchen cabinets · Outdated and worn cabinetry.	Major	$15,000–50,000
bathroom fixtures · Dated and worn bathroom fixtures.	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both Painting and updating the exterior siding — Improves curb appeal and enhances the home's overall appearance, attracting potential buyers or renters. ↑
• Both Flooring replacement — New flooring will improve the home's condition and make it more attractive to potential buyers or renters. ↑
• Both Kitchen and bathroom updates — Updating the kitchen and bathroom will make the home more modern and appealing, increasing its value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Covington County
• NCES district ID: 0100930
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $39,213
• Composite: 32.13/100
• National rank: #5797
• State rank: #32 of 129 in AL

Livability — Red Level

• Score: 62/100
• State rank: #214
• US rank: #16271

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Red Level, AL
• Population (ZIP): 2,523

Population outlook (Covington County) Hauer SSP2

• Today (2025): 37,007 people
• By 2030: 36,401 · -1.6%
• By 2040: 34,983 · -5.5%
• By 2050: 33,437 · -9.6%
• By 2075: 29,753 · -19.6%
• By 2100: 25,109 · -32.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 13% Two or more races 2%
• Common ancestry: Serbian 2% Italian 1% Lithuanian 1%

Political lean MEDSL · Covington

• 2024 margin: Solid R (+72.4) · D 13.6% · R 86.0%
• 2008→2024 swing: -14.1pp toward R · 2008: -58.3pp · 2024: -72.4pp
• All cycles: 2024: R+72.4 2020: R+68.1 2016: R+68.5 2012: R+58.3 2008: R+58.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.66%
• Current HPI: 145.0099
• 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

• 2026-06-06 Listed $34,000 Greater Alabama MLS