1513 10th Ct · Phenix City, AL 36867

$48,000

2 bd · 1.0 ba · 1,729 sqft · SingleFamily public records · 262 Days on market

Built 1930 7,841 sqft 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
• Rent growth +3.8/5.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property! Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access.

Key facts

• 7,841 sq ft lot
• 2 parking spots
• Built 1930

Property features AI

Finance

• Other: Residential property on a 0.18-acre lot (approximately 72 x 106)
• HOA & community: No community features listed

Exterior

• Parking: Driveway with space for 2 vehicles
• Utilities: Public water; Public sewer; Electricity available; Cable available; Underground utilities; Water available; Sewer available
• Home design: Single-family residence; One story; No common walls; Vinyl siding
• Construction: Composition roof; Vinyl siding construction; Crawl space foundation
• Exterior features: Covered patio/porch; No fencing; Corner, level lot; Asphalt road frontage on a city street; Has a view

Interior

• Kitchen: Electric range
• Bedrooms: 2 main-level bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Space heater; Window unit(s) for cooling
• Interior features: Entrance foyer; Awning(s)
• Laundry & utility: Dedicated laundry room

🏷️ Possibly a rental listed for sale. The $48,000 price doesn't fit this home's estimated sale value (~$198,835) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $803 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $48k).
• Recommended offer: $42k (12.0% below list) — sets the bar for market timing.
• Cap rate 26.4% vs local median 5.0% in Phenix City — 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 60/100 on livability (#297 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime F, amenities F.
• Phenix City (suburban): math 22% / reading 44% proficiency, ranked #59 of 129 in AL (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.3%/yr); 217 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 183 units permitted in Russell County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($48k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $332 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Russell County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.3% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 262 days — a 12% lower offer ($42k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $17k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 69% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $42,240 (12.0% below list)

Questions for the listing agent

1. It's been on market 262 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 1930 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 2.92% ✓
• Cap rate: 26.37%
• Cash-on-cash: 71.69%
• DSCR: 4.19
• GRM: 2.9

CMA / ARV

• ARV (on-the-fly): $198,835
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1104 20th st St	0.28mi	3/2.0 (+1)	1,597 (-8%)	0mo	$96,800	$61	65
1301 21st St	0.43mi	3/2.0 (+1)	1,705 (-1%)	9mo	$141,000	$83	62
1905 4th Ave	0.52mi	3/2.0 (+1)	1,720 (-0%)	13mo	$260,000	$151	55
1024 20th St	0.26mi	3/2.0 (+1)	1,547 (-10%)	9mo	$63,000	$41	53
2112 6th Ave	0.55mi	3/1.0 (+1)	1,852 (+7%)	8mo	$96,000	$52	51
2203 7th Ave	0.56mi	3/2.0 (+1)	1,701 (-2%)	14mo	$165,000	$97	50
2105 12th Avenue Ave	0.42mi	3/2.0 (+1)	1,596 (-8%)	12mo	$184,000	$115	49
2212 9th Ave	0.59mi	3/2.0 (+1)	1,596 (-8%)	5mo	$200,000	$125	46
2505 10th Ave	0.67mi	3/2.0 (+1)	1,587 (-8%)	1mo	$219,900	$139	45
1711 15th Ave	0.49mi	3/2.0 (+1)	1,488 (-14%)	6mo	$178,900	$120	39
500 21st Pl	0.59mi	3/2.0 (+1)	1,470 (-15%)	5mo	$250,650	$171	35
101 20th St	0.67mi	3/2.0 (+1)	1,526 (-12%)	11mo	$149,700	$98	31

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 · 5.33% rent growth · sell at horizon

5-year hold

• IRR: 73.9%
• Equity multiple: 4.48×
• Total profit: $46,733
• Equity at exit: $7,157

10-year hold

• IRR: 78.3%
• Equity multiple: 10.01×
• Total profit: $121,048
• Equity at exit: $4,150

Cash invested: $13,440 (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 36867

• Home prices YoY: -30.1%
• Rents YoY: 5.3%
• Active inventory: 217
• Price-to-rent: 2.9×

Monthly cashflow live

• Estimated rent: $1,403 medium
• Mortgage (P&I): −$252
• Tax from tax record: −$33 /mo · $400/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $803

Break-even live

Break-even rent $386

Max offer price $48,000

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1346 Ingersoll Dr Phenix City, AL	3.0	2.0	1453	$1,700	$1.17	13d	1	0.86mi

Listing history 28 events

1. 2026-06-18
   days on market $48,000 Active 262 DOM
2. 2026-06-17
   days on market $48,000 Active 261 DOM
3. 2026-06-16
   days on market $48,000 Active 260 DOM
4. 2026-06-15
   days on market $48,000 Active 259 DOM
5. 2026-06-14
   days on market $48,000 Active 257 DOM
6. 2026-06-13
   days on market $48,000 Active 256 DOM
7. 2026-06-10
   days on market $48,000 Active 254 DOM
8. 2026-06-09
   days on market $48,000 Active 253 DOM
9. 2026-06-08
   days on market $48,000 Active 252 DOM
10. 2026-06-07
    days on market $48,000 Active 251 DOM
11. 2026-06-05
    days on market $48,000 Active 248 DOM
12. 2026-06-02
    days on market $48,000 Active 246 DOM
13. 2026-06-01
    days on market $48,000 Active 245 DOM
14. 2026-05-31
    days on market $48,000 Active 244 DOM
15. 2026-05-30
    days on market $48,000 Active 243 DOM
16. 2026-04-10
    price $48,000
17. 2025-12-02
    status Active
18. 2025-11-25
    status Pending
19. 2025-09-22
    listed $65,000 Active
20. 2023-02-15
    soldstatus $37,000 1041-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

21. 2023-02-15
    soldstatus $37,000 Closed 582-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

22. 2023-02-09
    soldstatus $37,490
23. 2023-01-10
    status Pending 582-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

24. 2022-12-16
    price $42,000 582-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

25. 2022-11-17
    listed $42,000 1041-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

26. 2022-11-17
    listed $45,000 Active 582-char remark

    Show marketing remark (582 chars)

    Larger than life home!!! It has two traditional bedrooms but there is an additional room that is currently used as a third bedroom. The home features a welcoming covered porch to guests that arrive. After you enter the home you have a living room, kitchen with ample cabinet space. Dining area. The bathroom is a retro inspired tub and shower combination with sink and storage area. Large yard. Conveniently located near shopping, schools and highway access. Have it all! Home is currently rented with an income of $400 a month with a tenant over 5 years. Income producing property!

27. 2021-04-22
    soldstatus $37,490
28. 1999-06-21
    soldstatus $19,367

ⓘ 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: $400 · $33/mo
• Projected year-2 tax: $400 · $33/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,831
• − Mortgage interest: −$2,689
• − Property taxes: −$400
• − Insurance: −$240
• − Repairs & maintenance: −$1,346
• − Management: −$1,346
• − Depreciation: −$1,396
• Taxable income: $9,413
• Est. tax owed @ 24.0%: −$2,259
• After-tax cash flow: $7,377/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: Phenix City
• NCES district ID: 0102700
• Math proficiency: 22% ▼ -24.00%
• Reading proficiency: 44% ▼ -1.00%
• Median HH income: $36,228
• Composite: 27.29/100
• National rank: #7001
• State rank: #59 of 129 in AL

Livability — Phenix City

• Score: 60/100
• State rank: #297
• US rank: #19037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Phenix City, AL
• County: Russell County · 53,055 people
• City population: 62,290
• Metro: Columbus, GA-AL
• Population (ZIP): 22,821
• Household income: $48,026
• Rent vs Own: 52.0% rent · 48.0% own
• Severe rent burden: 1399.0

Population outlook (Russell County) Hauer SSP2

• Today (2025): 70,137 people
• By 2030: 75,826 · +8.1%
• By 2040: 87,858 · +25.3%
• By 2050: 99,721 · +42.2%
• By 2075: 128,009 · +82.5%
• By 2100: 149,251 · +112.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 53% Black 34% Hispanic / Latino 7% Two or more races 7% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 1%
• Foreign-born: 4% · Canada, China, South Korea
• Languages at home: 94% English-only · Spanish 4% Tagalog/Filipino 1%

Political lean MEDSL · Russell

• 2024 margin: Toss-up / Even · D 50.4% · R 48.7%
• 2008→2024 swing: -5.6pp toward R · 2008: 7.3pp · 2024: 1.7pp
• All cycles: 2024: D+1.7 2020: D+6.4 2016: D+1.9 2012: D+11.8 2008: D+7.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.10%
• Current HPI: 171.8426
• Rent YoY: ▲ 5.33%
• Metro: Columbus, GA-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

+147.8% since first listed

13 events — show timeline

• 2026-04-10 Price Changed $48,000 EABOR
• 2025-12-02 Relisted — EABOR
• 2025-11-25 Pending — EABOR
• 2025-09-22 Listed $65,000 EABOR
• 2023-02-15 Sold (MLS) $37,000 EABOR
• 2023-02-15 Sold (MLS) $37,000 EABOR
• 2023-02-09 Sold (Public Records) $37,490 Public Records
• 2023-01-10 Pending — EABOR
• 2022-12-16 Price Changed $42,000 EABOR
• 2022-11-17 Listed $45,000 EABOR
• 2022-11-17 Listed $42,000 EABOR
• 2021-04-22 Sold (Public Records) $37,490 Public Records
• 1999-06-21 Sold (Public Records) $19,367 Public Records

Property tax history

+5.0%/yr

Latest (2025): $400 · +5.6% YoY. Source: county tax records.