24061 Citation Loop · Daphne, AL 36526

$294,900

3 bd · 2.0 ba · 1,545 sqft · SingleFamily public records · 143 Days on market

Built 2021 6,795 sqft lot $191/sqft · at area comps Est $323k · 9% under $109/mo HOA · 5% of rent

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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 +11.4/15.0
• Cash flow +8.2/30.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best Price in Jubilee Farms. Like new . One of Daphne's premiere neighborhoods, resort style amenities. Walking trails, resort style pool and clubhouse. Energy efficient and move in ready. Double garage and covered patio. Home has a Open Floor plan

Key facts

• Open floor plan
• Clubhouse
• Resort style pool

Tags

• RESORT STYLE AMENITIES
• WALKING TRAILS
• RESORT STYLE POOL
• CLUBHOUSE
• ENERGY EFFICIENT
• OPEN FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $295k.

Deal economics

• At list price, monthly cash flow is $-273 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (16.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $217k (26.3% below list).
• Recommended offer: $217k (26.3% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 3.9% in Daphne — 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 75/100 on livability (#18 in AL, #3,949 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A; Watch: amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Daphne East Elementary School (math 44% / reading 68%, grade C+, #83 of 627 statewide, top 13%, 930 students, 40% FRL); Daphne Middle School (math 25% / reading 62%, grade D, #45 of 257 statewide, top 18%, 846 students, 45% FRL); Daphne High School (math 41% / reading 40%, grade F, #33 of 305 statewide, top 11%, 1,725 students, 40% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+1.7%/yr); 600 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,883 units permitted in Baldwin County in 2024 (481 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 $9k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 143 days — a 12% lower offer ($260k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask is 13943% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $217,339 (26.3% 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 143 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 5.18%
• Cash-on-cash: -3.97%
• DSCR: 0.82
• GRM: 11.3

CMA / ARV

• ARV (median comp): $322,722
• List price: $294,900
• Delta: -8.62%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10204 Fionn Loop	0.36mi	3/2.0	1,523 (-1%)	5mo	$299,000	$196	77
10251 Fionn Loop	0.32mi	3/2.0	1,550 (+0%)	13mo	$273,000	$176	74
10976 Animal Kingdom Way	0.44mi	3/2.0	1,641 (+6%)	2mo	$303,000	$185	67
24542 Tepin Ln	0.34mi	3/2.0	1,636 (+6%)	12mo	$287,000	$175	64
24413 Alydar Loop	0.23mi	3/2.0	1,736 (+12%)	6mo	$324,000	$187	63
10921 Northern Dancer Ct	0.38mi	3/2.0	1,640 (+6%)	13mo	$296,500	$181	61
10957 Northern Dancer Ct	0.41mi	3/2.0	1,641 (+6%)	12mo	$319,000	$194	60
10751 Northern Dancer Ct	0.22mi	4/2.0 (+1)	1,768 (+14%)	3mo	$325,000	$184	58
10680 War Emblem Ave	0.41mi	4/2.0 (+1)	1,768 (+14%)	1mo	$312,000	$176	51
10712 Dunmore Dr	0.40mi	4/2.0 (+1)	1,699 (+10%)	12mo	$300,000	$177	50
10261 Ruffian Rte	0.36mi	4/2.0 (+1)	1,747 (+13%)	13mo	$303,000	$173	46
10345 Ruffian Rte	0.32mi	4/2.0 (+1)	1,768 (+14%)	13mo	$325,000	$184	45

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 · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -24.4%
• Equity multiple: 0.18×
• Total profit: $-67,939
• Equity at exit: $43,971

10-year hold

• IRR: -23.8%
• Equity multiple: -0.12×
• Total profit: $-92,594
• Equity at exit: $25,498

Cash invested: $82,572 (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 36526

• Home prices YoY: -21.3%
• Rents YoY: 1.7%
• Active inventory: 600
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,173 high
• Mortgage (P&I): −$1,546
• Tax from tax record: −$212 /mo · $2,540/yr
• Insurance: −$123
• HOA: −$109
• Vacancy / Maint / Mgmt: −$456
• Net cashflow: $-273

Break-even live

Break-even rent $2,519

Max offer price $246,663

Occupancy floor —

Sensitivity live

Price	-10% $-106	-5% $-190	+0% $-273	+5% $-357	+10% $-440
Rent	-10% $-445	-5% $-359	+0% $-273	+5% $-187	+10% $-101
Rate	-1.0pp $-125	-0.5pp $-198	base $-273	+0.5pp $-349	+1.0pp $-427

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: $73,725
• Closing costs: $8,847
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23982 Citation Loop Daphne, AL	4.0	2.0	1787	$2,350	$1.32	22d	1	0.10mi
10641 Northern Dancer Ct Daphne, AL	4.0	2.0	1791	$2,200	$1.23	46d	1	0.13mi
10685 Northern Dancer Ct Daphne, AL	4.0	2.0	2031	$2,245	$1.11	45d	1	0.15mi
10703 Northern Dancer Ct Daphne, AL	4.0	2.0	1791	$2,195	$1.23	45d	1	0.18mi
10449 Ruffian Rte Daphne, AL	4.0	2.0	1791	$2,200	$1.23	45d	1	0.27mi
10378 Ruffian Rte Daphne, AL	4.0	2.0	1791	$2,150	$1.20	45d	1	0.29mi
24501 Tepin Ln Daphne, AL	4.0	2.0	1791	$2,150	$1.20	45d	1	0.30mi
10928 Northern Dancer Ct Daphne, AL	4.0	2.0	1800	$2,095	$1.16	22d	1	0.40mi
24525 Alamitos Trace Dr Daphne, AL	4.0	2.0	2000	$2,000	$1.00	45d	1	0.44mi
24572 Alamitos Trace Dr Daphne, AL	4.0	2.0	1791	$2,150	$1.20	45d	1	0.49mi
11303 Animal Kingdom Way Daphne, AL	4.0	2.0	2091	$2,300	$1.10	45d	1	0.49mi
24490 Kipling Ct Daphne, AL	3.0	2.0	1641	$2,000	$1.22	15d	1	1.15mi
23294 Shadowridge Dr Daphne, AL	4.0	2.0	1830	$2,150	$1.17	22d	1	1.24mi
23234 Shadowridge Dr Daphne, AL	4.0	2.0	1787	$2,000	$1.12	45d	1	1.31mi
23351 Shadowridge Dr Daphne, AL	3.0	2.0	1641	$1,975	$1.20	15d	1	1.32mi
24722 Slater Mill Rd Daphne, AL	3.0	2.0	1714	$2,100	$1.23	45d	1	1.32mi
23162 Shadowridge Dr Fairhope, AL	4.0	2.0	1787	$1,950	$1.09	45d	1	1.39mi
22351 Shadowridge Dr Fairhope, AL	3.0	2.0	1625	$2,200	$1.35	22d	1	1.41mi

HOA detail

• Monthly dues: $109 · $1,308/yr
• Likely covers: pool

Listing history 34 events

1. 2026-06-21
   days on market $294,900 Active 143 DOM
2. 2026-06-19
   days on market $294,900 Active 141 DOM
3. 2026-06-18
   days on market $294,900 Active 140 DOM
4. 2026-06-17
   days on market $294,900 Active 139 DOM
5. 2026-06-16
   days on market $294,900 Active 138 DOM
6. 2026-06-15
   days on market $294,900 Active 137 DOM
7. 2026-06-14
   days on market $294,900 Active 135 DOM
8. 2026-06-13
   days on market $294,900 Active 134 DOM
9. 2026-06-10
   days on market $294,900 Active 132 DOM
10. 2026-06-09
    days on market $294,900 Active 131 DOM
11. 2026-06-08
    days on market $294,900 Active 130 DOM
12. 2026-06-07
    days on market $294,900 Active 129 DOM
13. 2026-06-05
    days on market $294,900 Active 126 DOM
14. 2026-06-03
    days on market $294,900 Active 125 DOM
15. 2026-06-02
    days on market $294,900 Active 124 DOM
16. 2026-06-01
    days on market $294,900 Active 123 DOM
17. 2026-05-31
    days on market $294,900 Active 122 DOM
18. 2026-05-30
    days on market $294,900 Active 121 DOM
19. 2026-05-12
    price $294,900 248-char remark

    Show marketing remark (302 chars)

    Best Price in Jubilee Farms. Like new . One of Daphne's premiere neighborhoods, resort style amenities. Walking trails, resort style pool and clubhouse. Energy efficient and move in ready. Double garage and covered patio. Home has a Open Floor plan Buyer to verify all information during due diligence.

20. 2026-05-12
    price $294,900 302-char remark

    Show marketing remark (302 chars)

    Best Price in Jubilee Farms. Like new . One of Daphne's premiere neighborhoods, resort style amenities. Walking trails, resort style pool and clubhouse. Energy efficient and move in ready. Double garage and covered patio. Home has a Open Floor plan Buyer to verify all information during due diligence.

21. 2026-04-30
    historical $2,100
22. 2026-02-09
    listed $2,100
23. 2026-02-08
    historical $2,149
24. 2026-01-29
    listed $299,900 Active 248-char remark

    Show marketing remark (302 chars)

    Best Price in Jubilee Farms. Like new . One of Daphne's premiere neighborhoods, resort style amenities. Walking trails, resort style pool and clubhouse. Energy efficient and move in ready. Double garage and covered patio. Home has a Open Floor plan Buyer to verify all information during due diligence.

25. 2026-01-29
    listed $299,900 Active 302-char remark

    Show marketing remark (302 chars)

    Best Price in Jubilee Farms. Like new . One of Daphne's premiere neighborhoods, resort style amenities. Walking trails, resort style pool and clubhouse. Energy efficient and move in ready. Double garage and covered patio. Home has a Open Floor plan Buyer to verify all information during due diligence.

26. 2025-11-25
    listed $309,000 Active
27. 2025-11-04
    price $2,149
28. 2025-10-09
    listed $2,150
29. 2024-12-02
    soldstatus $4,846,400
30. 2023-02-27
    soldstatus $275,000
31. 2023-02-24
    soldstatus $275,000 Closed
32. 2023-02-08
    status Pending
33. 2023-01-27
    listed $285,000 Active
34. 2021-09-23
    soldstatus $233,800

ⓘ 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: $2,540 · $212/mo
• Projected year-2 tax: $2,540 · $212/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $26,081
• − Mortgage interest: −$16,519
• − Property taxes: −$2,540
• − Insurance: −$1,474
• − Repairs & maintenance: −$2,086
• − Management: −$2,086
• − HOA: −$1,308
• − Depreciation: −$8,579
• Taxable loss: −$8,513
• Est. tax savings @ 24.0%: +$2,043
• After-tax cash flow: $-1,234/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Daphne

• Score: 75/100
• State rank: #18
• US rank: #3949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Daphne, AL
• County: Baldwin County · 181,514 people
• City population: 36,484
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 36,484
• Household income: $88,750
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 535.0

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 12% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.47%
• Current HPI: 227.2692
• Rent YoY: ▲ 1.72%
• Metro: Daphne-Fairhope-Foley, 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

+26.1% since first listed

16 events — show timeline

• 2026-05-12 Price Changed $294,900 GCMLS AL
• 2026-05-12 Price Changed $294,900 BCAR
• 2026-04-30 Rental Removed $2,100 BUILDIUM
• 2026-02-09 Listed for Rent $2,100 BUILDIUM
• 2026-02-08 Rental Removed $2,149 BCAR
• 2026-01-29 Listed $299,900 GCMLS AL
• 2026-01-29 Listed $299,900 BCAR
• 2025-11-25 Listed $309,000 BCAR
• 2025-11-04 Price Changed $2,149 BCAR
• 2025-10-09 Listed for Rent $2,150 BCAR
• 2024-12-02 Sold (Public Records) $4,846,400 Public Records
• 2023-02-27 Sold (Public Records) $275,000 Public Records
• 2023-02-24 Sold (MLS) $275,000 BCAR
• 2023-02-08 Pending — BCAR
• 2023-01-27 Listed $285,000 BCAR
• 2021-09-23 Sold (Public Records) $233,800 Public Records

Property tax history

+82.9%/yr

Latest (2025): $2,540 · +9.2% YoY. Source: county tax records.