40 Walley Dr · Arab, AL 35016

$210,000

3 bd · 2.0 ba · 1,334 sqft · SingleFamily public records · 22 Days on market

Built 2005 0.39 ac lot $157/sqft · 12% below area Est $240k · 12% under

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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).

• ARV discount +13.1/15.0
• Cash flow +10.4/30.0
• Livability +3.2/5.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• 1% rule +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3BR, 2BA home with an attached garage. The interior boasts a soaring vaulted ceiling in the great room, an eat-in kitchen with a designated dining area, and a private, isolated master suite. Enjoy outdoor living with a covered front porch, back deck, and a fenced in backyard. Includes underground utilities. Call today and make it yours!

Key facts

• Covered front porch
• Private master suite
• Vaulted ceiling

Tags

• VAULTED CEILING
• EAT-IN KITCHEN
• PRIVATE MASTER SUITE
• COVERED FRONT PORCH
• BACK DECK
• FENCED BACKYARD

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Attached two-car garage that faces the front
• Utilities: Septic tank sewer
• Home design: Single-family residence; One level; Built in 2005
• Construction: Vinyl siding exterior
• Exterior features: Lot approximately 0.39 acres (about 100 x 170); Subdivision: Walley Estates

Interior

• Kitchen: Range; Dishwasher; Microwave; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement; Total of 8 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-112 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $190k (9.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (32.5% below list).
• Recommended offer: $142k (32.5% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.0% in Arab — 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 (#149 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D, amenities F.
• Marshall County (rural): math 14% / reading 38% proficiency, ranked #86 of 129 in AL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Brindlee Mountain Elementary School (math 25% / reading 41%, grade F, #323 of 627 statewide, top 52%, 236 students, 46% FRL); Brindlee Mountain High School (math 7% / reading 27%, grade F, #195 of 305 statewide, top 68%, 553 students, 51% FRL).
• Market conditions: 178 active listings in the ZIP; 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($207k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y 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.
• Current owner paid $150k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $141,797 (32.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.68% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.28%
• DSCR: 0.90
• GRM: 12.3

CMA / ARV

• ARV (median comp): $239,678
• List price: $210,000
• Delta: -12.38%
• 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
1898 Lowery Rd NE	0.18mi	3/2.0	1,350 (+1%)	2mo	$224,000	$166	88
160 Walley Dr	0.11mi	3/2.0	1,423 (+7%)	4mo	$240,000	$169	80
74 Mary Jo Isom Ln	0.15mi	3/2.0	1,365 (+2%)	16mo	$248,000	$182	76
300 Temple Xing	0.36mi	3/2.0	1,360 (+2%)	5mo	$225,000	$165	76
222 Mary Jo Isom Ln	0.22mi	3/2.0	1,462 (+10%)	5mo	$255,000	$174	70
77 Temple Xing	0.27mi	3/2.0	1,451 (+9%)	6mo	$245,500	$169	68
223 Mary Jo Isom Ln	0.24mi	3/2.0	1,400 (+5%)	22mo	$238,900	$171	62
3629 Eddy Scant City Rd	0.74mi	2/1.0 (-1)	1,322 (-1%)	4mo	$129,000	$98	51
295 Temple Xing	0.32mi	3/2.0	1,464 (+10%)	22mo	$235,000	$161	50
3516 Eddy Scant City Rd	0.63mi	3/2.0	1,398 (+5%)	18mo	$220,000	$157	48
653 Halston Rd	0.72mi	3/2.0	1,243 (-7%)	13mo	$217,900	$175	44
335 Maple Cir	0.73mi	3/2.0	1,280 (-4%)	23mo	$260,000	$203	40

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: -20.2%
• Equity multiple: 0.30×
• Total profit: $-41,257
• Equity at exit: $31,312

10-year hold

• IRR: -13.3%
• Equity multiple: 0.23×
• Total profit: $-45,549
• Equity at exit: $18,157

Cash invested: $58,800 (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 35016

• Home prices YoY: -28.0%
• Active inventory: 178
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,418 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$43 /mo · $518/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $-112

Break-even live

Break-even rent $1,559

Max offer price $190,266

Occupancy floor —

Sensitivity live

Price	-10% $7	-5% $-52	+0% $-112	+5% $-171	+10% $-231
Rent	-10% $-224	-5% $-168	+0% $-112	+5% $-56	+10% $0
Rate	-1.0pp $-6	-0.5pp $-58	base $-112	+0.5pp $-166	+1.0pp $-221

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Listing history 38 events

1. 2026-06-18
   days on market $210,000 Active 22 DOM
2. 2026-06-17
   days on market $210,000 Active 21 DOM
3. 2026-06-16
   days on market $210,000 Active 20 DOM
4. 2026-06-15
   days on market $210,000 Active 19 DOM
5. 2026-06-14
   days on market $210,000 Active 17 DOM
6. 2026-06-13
   days on market $210,000 Active 16 DOM
7. 2026-06-10
   days on market $210,000 Active 14 DOM
8. 2026-06-09
   days on market $210,000 Active 13 DOM
9. 2026-06-08
   days on market $210,000 Active 12 DOM
10. 2026-06-07
    days on market $210,000 Active 11 DOM
11. 2026-06-05
    days on market $210,000 Active 8 DOM
12. 2026-06-03
    days on market $210,000 Active 7 DOM
13. 2026-06-02
    days on market $210,000 Active 6 DOM
14. 2026-06-01
    days on market $210,000 Active 5 DOM
15. 2026-05-31
    days on market $210,000 Active 4 DOM
16. 2026-05-30
    days on market $210,000 Active 3 DOM
17. 2026-05-19
    listed $210,000 Active 347-char remark

    Show marketing remark (347 chars)

    Charming 3BR, 2BA home with an attached garage. The interior boasts a soaring vaulted ceiling in the great room, an eat-in kitchen with a designated dining area, and a private, isolated master suite. Enjoy outdoor living with a covered front porch, back deck, and a fenced in backyard. Includes underground utilities. Call today and make it yours!

18. 2026-05-19
    listed $210,000 Active 347-char remark

    Show marketing remark (347 chars)

    Charming 3BR, 2BA home with an attached garage. The interior boasts a soaring vaulted ceiling in the great room, an eat-in kitchen with a designated dining area, and a private, isolated master suite. Enjoy outdoor living with a covered front porch, back deck, and a fenced in backyard. Includes underground utilities. Call today and make it yours!

19. 2026-05-06
    price $210,000
20. 2026-05-06
    price $210,000
21. 2026-05-06
    price $210,000
22. 2026-03-31
    price $214,900
23. 2026-03-31
    price $214,900
24. 2026-03-31
    price $214,900
25. 2026-03-04
    price $229,900
26. 2026-03-04
    price $229,900
27. 2026-03-04
    price $229,900
28. 2026-02-22
    price $232,400
29. 2026-02-22
    price $232,400
30. 2026-02-22
    price $232,400
31. 2026-02-12
    listed $239,900 Active
32. 2026-01-20
    listed $239,900 Active
33. 2022-09-30
    soldstatus $150,000
34. 2022-09-28
    soldstatus $150,000 Sold
35. 2022-09-13
    status Pending
36. 2022-08-29
    price $145,000
37. 2022-08-03
    listed $165,000 Active
38. 2022-04-26
    soldstatus $132,000

ⓘ 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: $518 · $43/mo
• Projected year-2 tax: $861 · $72/mo
• Expected delta: +$343/yr (+$29/mo · 66.3%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,016
• − Mortgage interest: −$11,763
• − Property taxes: −$518
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − Depreciation: −$6,109
• Taxable loss: −$5,147
• Est. tax savings @ 24.0%: +$1,235
• After-tax cash flow: $-105/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: Marshall County
• NCES district ID: 0100006
• Math proficiency: 14% ▼ -26.00%
• Reading proficiency: 38% ▲ 2.00%
• Median HH income: $40,439
• Composite: 21.88/100
• National rank: #8234
• State rank: #86 of 129 in AL

Livability — Arab

• Score: 64/100
• State rank: #149
• US rank: #13733

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 17,435
• Population (ZIP): 17,435

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.17%
• Current HPI: 180.2225
• 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

+59.1% since first listed

23 events — show timeline

• 2026-05-27 Listed $210,000 VMLS
• 2026-05-19 Listed $210,000 SAARMLS
• 2026-05-19 Listed $210,000 Walker County Area MLS
• 2026-05-06 Price Changed $210,000 Walker County Area MLS
• 2026-05-06 Price Changed $210,000 SAARMLS
• 2026-05-06 Price Changed $210,000 VMLS
• 2026-03-31 Price Changed $214,900 Walker County Area MLS
• 2026-03-31 Price Changed $214,900 SAARMLS
• 2026-03-31 Price Changed $214,900 VMLS
• 2026-03-04 Price Changed $229,900 VMLS
• 2026-03-04 Price Changed $229,900 Walker County Area MLS
• 2026-03-04 Price Changed $229,900 SAARMLS
• 2026-02-22 Price Changed $232,400 Walker County Area MLS
• 2026-02-22 Price Changed $232,400 SAARMLS
• 2026-02-22 Price Changed $232,400 VMLS
• 2026-02-12 Listed $239,900 VMLS
• 2026-01-20 Listed $239,900 SAARMLS
• 2022-09-30 Sold (Public Records) $150,000 Public Records
• 2022-09-28 Sold (MLS) $150,000 VMLS
• 2022-09-13 Pending — VMLS
• 2022-08-29 Price Changed $145,000 VMLS
• 2022-08-03 Listed $165,000 VMLS
• 2022-04-26 Sold (Public Records) $132,000 Public Records

Property tax history

+3.7%/yr

Latest (2025): $518 · -10.4% YoY. Source: county tax records.