1009 Mckee Rd · Harvest, AL 35773

$199,900

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 23 Days on market

Built 2001 0.36 ac lot Est $167k · 20% over

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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 +15.6/30.0
• Appreciation +10.0/10.0
• DSCR +4.8/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

Key facts

• 0.36 acre lot
• Built 2001
• Listed 23 days

Property features AI

Finance

• HOA & community: No homeowners association

Exterior

• Parking: Concrete driveway
• Utilities: Septic tank
• Home design: Single-family residence; One level; Built in 2001; Living area approximately 1,100
• Construction: Vinyl siding
• Exterior features: 0.36-acre lot; Directions: 72 W, north on Wall Triana about 11 miles, left on McKee Rd; Subdivision: Metes And Bounds

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $84 ($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 $162k (19.1% below list).
• Recommended offer: $162k (19.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.5% in Harvest — 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 (#27 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.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Harvest School (math 19% / reading 46%, grade F, #329 of 627 statewide, top 53%, 734 students, 54% FRL); Sparkman Middle School (math 18% / reading 53%, grade F, #81 of 257 statewide, top 33%, 859 students, 60% FRL); Sparkman High School (math 28% / reading 37%, grade F, #58 of 305 statewide, top 19%, 1,738 students, 37% FRL) — zoned schools average 50% FRL vs 29% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 319 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $56k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $77k; list at $200k implies a 161% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $161,750 (19.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.81% ✗
• Cap rate: 6.79%
• Cash-on-cash: 1.79%
• DSCR: 1.08
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $166,848
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1005 Mckee Rd	0.01mi	3/2.0	1,056 (0%)	3mo	$110,000	$104	93
153 Jennifer Dr	0.44mi	3/1.5	1,200 (+14%)	13mo	$190,000	$158	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.6%
• Equity multiple: 3.04×
• Total profit: $114,105
• Equity at exit: $180,086

10-year hold

• IRR: 22.5%
• Equity multiple: 6.93×
• Total profit: $331,654
• Equity at exit: $388,362

Cash invested: $55,972 (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 35773

• Home prices YoY: 28.8%
• Active inventory: 319
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,618 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$63 /mo · $751/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $84

Break-even live

Break-even rent $1,512

Max offer price $199,900

Occupancy floor 90%

Sensitivity live

Price	-10% $197	-5% $140	+0% $84	+5% $27	+10% $-30
Rent	-10% $-44	-5% $20	+0% $84	+5% $148	+10% $211
Rate	-1.0pp $184	-0.5pp $134	base $84	+0.5pp $32	+1.0pp $-21

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
180 Labrador Ln Harvest, AL	3.0	2.0	1260	$1,650	$1.31	45d	1	0.98mi
348 Ariel Dr Harvest, AL	3.0	2.0	1450	$1,575	$1.09	45d	1	1.11mi

Listing history 26 events

1. 2026-06-18
   days on market $199,900 Active 23 DOM
2. 2026-06-17
   days on market $199,900 Active 22 DOM
3. 2026-06-16
   days on market $199,900 Active 21 DOM
4. 2026-06-15
   days on market $199,900 Active 20 DOM
5. 2026-06-14
   days on market $199,900 Active 18 DOM
6. 2026-06-10
   days on market $199,900 Active 15 DOM
7. 2026-06-09
   days on market $199,900 Active 14 DOM
8. 2026-06-08
   days on market $199,900 Active 13 DOM
9. 2026-06-07
   pricedays on market $199,900 Active 12 DOM
10. 2026-06-03
    days on market $210,000 Active 8 DOM
11. 2026-06-02
    days on market $210,000 Active 7 DOM
12. 2026-06-01
    days on market $210,000 Active 6 DOM
13. 2026-05-31
    days on market $210,000 Active 5 DOM
14. 2026-05-30
    days on market $210,000 Active 4 DOM
15. 2026-05-26
    listed $210,000 Active
16. 2020-09-17
    soldstatus $76,580
17. 2020-09-15
    soldstatus $76,580 Sold 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

18. 2020-08-09
    historical Contingent 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

19. 2020-07-10
    price $75,000 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

20. 2020-06-16
    status Active 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

21. 2020-05-19
    historical Contingent 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

22. 2020-05-05
    listed $90,000 Active 295-char remark

    Show marketing remark (295 chars)

    This quaint, 3 bed 2 full bath, home has a fresh interior and is move in ready. Great opportunities for new homeowners with the large backyard or for use as a rental property. Looking's free so come take a peek before it's gone. Listed below appraisal price! House is being sold as is where is.

23. 2018-01-02
    soldstatus $83,400
24. 2017-11-09
    soldstatus $160,000
25. 2017-11-09
    soldstatus $157,000
26. 2012-08-17
    soldstatus $105,000

ⓘ 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: $751 · $63/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$68/yr (+$6/mo · 9.1%)

ⓘ 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 ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,410
• − Mortgage interest: −$11,198
• − Property taxes: −$751
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,553
• − Management: −$1,553
• − Depreciation: −$5,815
• Taxable loss: −$2,459
• Est. tax savings @ 24.0%: +$590
• After-tax cash flow: $1,594/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Harvest

• Score: 72/100
• State rank: #27
• US rank: #5986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 30,710
• Population (ZIP): 13,977

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 3% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 149.14%
• Current HPI: 666.8602
• 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

+100.0% since first listed

12 events — show timeline

• 2026-05-26 Listed $210,000 VMLS
• 2020-09-17 Sold (Public Records) $76,580 Public Records
• 2020-09-15 Sold (MLS) $76,580 VMLS
• 2020-08-09 Contingent — VMLS
• 2020-07-10 Price Changed $75,000 VMLS
• 2020-06-16 Relisted — VMLS
• 2020-05-19 Contingent — VMLS
• 2020-05-05 Listed $90,000 VMLS
• 2018-01-02 Sold (Public Records) $83,400 Public Records
• 2017-11-09 Sold (Public Records) $157,000 Public Records
• 2017-11-09 Sold (Public Records) $160,000 Public Records
• 2012-08-17 Sold (Public Records) $105,000 Public Records

Property tax history

+4.9%/yr

Latest (2024): $751 · +4.1% YoY. Source: county tax records.