1539 Highway 67 · Priceville, AL 35603

$243,000

4 bd · 2.0 ba · 2,256 sqft · SingleFamily public records · 88 Days on market

Built 1985 1.00 ac lot $108/sqft · 21% below area Est $412k · 41% 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 +15.0/15.0
• Cash flow +9.1/30.0
• Livability +3.6/5.0
• Schools +2.7/10.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 4 bed, 3 bath home with over 3000 sq ft on an acre lot. Updated kitchen with breakfast bar and ample cabinets. Features tile, wood, and carpet flooring, a generous den and living room, and a cozy fireplace. Conveniently located near I-65, Redstone Arsenal, and a short drive to Decatur or Huntsville.

Key facts

• Ample cabinets
• Updated kitchen
• Cozy fireplace

Tags

• UPDATED KITCHEN
• BREAKFAST BAR
• AMPLE CABINETS
• TILE WOOD CARPET FLOORING
• GENEROUS DEN
• COZY FIREPLACE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $243k.

Deal economics

• At list price, monthly cash flow is $-186 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $210k (13.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (34.3% below list).
• Recommended offer: $160k (34.3% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 2.6% in Priceville — 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 72/100 on livability (#31 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Morgan County (rural): math 19% / reading 43% proficiency, ranked #61 of 129 in AL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 395 active listings in the ZIP; solid renter incomes; 231 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Morgan County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y 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 $110k; list at $243k implies a 121% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,553 (34.3% 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. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 34% concession, seller financing, or rate buy-down credit?
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. 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: 0.66% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.29%
• DSCR: 0.85
• GRM: 12.7

CMA / ARV

• ARV (median comp): $411,626
• List price: $243,000
• Delta: -40.97%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -21.9%
• Equity multiple: 0.25×
• Total profit: $-51,360
• Equity at exit: $36,232

10-year hold

• IRR: -15.9%
• Equity multiple: 0.11×
• Total profit: $-60,483
• Equity at exit: $21,010

Cash invested: $68,040 (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 35603

• Active inventory: 395
• Price-to-rent: 12.7×

Monthly cashflow live

• Estimated rent: $1,596 medium
• Mortgage (P&I): −$1,274
• Tax from tax record: −$71 /mo · $854/yr
• Insurance: −$101
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $-186

Break-even live

Break-even rent $1,831

Max offer price $210,092

Occupancy floor —

Sensitivity live

Price	-10% $-49	-5% $-118	+0% $-186	+5% $-255	+10% $-324
Rent	-10% $-312	-5% $-249	+0% $-186	+5% $-123	+10% $-60
Rate	-1.0pp $-64	-0.5pp $-124	base $-186	+0.5pp $-249	+1.0pp $-313

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: $60,750
• Closing costs: $7,290
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-06-02
   days on market $243,000 Active 88 DOM
2. 2026-06-01
   days on market $243,000 Active 87 DOM
3. 2026-05-31
   days on market $243,000 Active 86 DOM
4. 2026-05-30
   days on market $243,000 Active 85 DOM
5. 2026-03-06
   listed $243,000 Active 309-char remark

   Show marketing remark (309 chars)

   Spacious 4 bed, 3 bath home with over 3000 sq ft on an acre lot. Updated kitchen with breakfast bar and ample cabinets. Features tile, wood, and carpet flooring, a generous den and living room, and a cozy fireplace. Conveniently located near I-65, Redstone Arsenal, and a short drive to Decatur or Huntsville.

6. 2026-01-10
   price $243,000
7. 2025-12-07
   price $250,000
8. 2015-01-14
   soldstatus $110,000
9. 2014-09-15
   listed $119,900

ⓘ 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: $854 · $71/mo
• Projected year-2 tax: $996 · $83/mo
• Expected delta: +$142/yr (+$12/mo · 16.6%)

ⓘ 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 ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% 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: $19,146
• − Mortgage interest: −$13,612
• − Property taxes: −$854
• − Insurance: −$1,215
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − Depreciation: −$7,069
• Taxable loss: −$6,667
• Est. tax savings @ 24.0%: +$1,600
• After-tax cash flow: $-635/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: Morgan County
• NCES district ID: 0102480
• Math proficiency: 19% ▼ -28.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $47,362
• Composite: 26.68/100
• National rank: #7157
• State rank: #61 of 129 in AL

Livability — Priceville

• Score: 72/100
• State rank: #31
• US rank: #6399

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Priceville, AL
• County: Morgan County · 67,628 people
• Metro: Decatur, AL
• Population (ZIP): 32,179
• Household income: $81,490
• Rent vs Own: 26.1% rent · 73.9% own
• Severe rent burden: 467.0

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 118,775 people
• By 2030: 116,979 · -1.5%
• By 2040: 111,800 · -5.9%
• By 2050: 105,181 · -11.4%
• By 2075: 87,736 · -26.1%
• By 2100: 67,624 · -43.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 15% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 5% · Canada, Vietnam
• Languages at home: 92% English-only · Spanish 5% Arabic 2%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8%
• 2008→2024 swing: -8.8pp toward R · 2008: -43.8pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+49.2 2016: R+52.4 2012: R+44.5 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -141.07%
• Current HPI: 243.157
• Rent YoY: —
• Metro: Decatur, 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

+102.7% since first listed

5 events — show timeline

• 2026-03-06 Listed $243,000 VMLS
• 2026-01-10 Price Changed $243,000 VMLS
• 2025-12-07 Price Changed $250,000 VMLS
• 2015-01-14 Sold (MLS) $110,000 VMLS
• 2014-09-15 Listed $119,900 VMLS

Property tax history

+5.4%/yr

Latest (2025): $854 · +6.7% YoY. Source: county tax records.