707 E Horner St · Atmore, AL 36502

$155,000

2 bd · 1.0 ba · 1,220 sqft · SingleFamily public records · 47 Days on market

Built 1955 0.36 ac lot $127/sqft · 24% above area Est $125k · 24% 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 +20.3/30.0
• DSCR +6.4/10.0
• 1% rule +5.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charm meets convenience in this adorable 2-bedroom, 1-bath brick home on a coveted corner lot, offering over 1,220 sq ft of thoughtfully designed living space. There’s no wasted space here—enjoy a large eat-in kitchen with a separate dining room, a bright living room with picturesque windows that let natural light glow across pristine hardwood floors, and spacious bedrooms. Outside, a single carport pairs with a detached single garage, plus extra storage, a back patio, and a fenced dog run for four-legged friends. With a roof and HVAC updated in the last four years, this home is move-in ready and waiting for you to make it your own! Buyer to verify all information during due diligence.

Key facts

• 0.36 acre lot
• Garage
• Built 1955

Property features AI

Finance

• Other: Lot approx. 0.36 acres (dimensions approx. 100 x 157); Road is publicly maintained
• HOA & community: No association; Association fee frequency listed as annually

Exterior

• Parking: Total 2 parking spaces; Detached garage (1 garage space); Carport (1 carport space); Covered parking available
• Utilities: Public water; Public sewer; Electric with circuit breakers
• Home design: One-story detached property; Resale condition; Paved public road access; Homestead exemption indicated; Composition roof
• Construction: Brick and frame construction; Off-grade foundation
• Exterior features: Partial fencing; Patio; Porch; Yard building (outbuilding); Corner lot with central access

Interior

• Kitchen: Dishwasher; Refrigerator; Tankless gas water heater (listed with appliances)
• Bedrooms: Master bedroom on first floor, approx. 15 x 13; Additional bedroom on first floor, approx. 11 x 12
• Flooring: Hardwood; Tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Heat pump; Central air; Ceiling fan(s); Natural gas heating
• Interior features: Hardwood and tile flooring; Drapes on windows
• Laundry & utility: Tankless water heater (gas)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $197 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#530 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: crime F, amenities F, commute F.
• Escambia County (town): math 17% / reading 39% proficiency, ranked #83 of 129 in AL (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rachel Patterson Elementary School (math 27% / reading 42%, grade F, #296 of 627 statewide, top 49%, 532 students, 77% FRL); Escambia County Middle School (math 8% / reading 28%, grade F, #197 of 257 statewide, top 77%, 516 students, 94% FRL); Escambia County High School (math 2% / reading 8%, grade F, #276 of 305 statewide, top 95%, 399 students, 89% FRL) — zoned schools average 87% FRL vs 70% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 120 active listings in the ZIP; 18 units permitted in Escambia 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 $5k of value loss. Plan a longer hold.
• Escambia County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $115k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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?
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: 1.04% ✓
• Cap rate: 7.82%
• Cash-on-cash: 5.46%
• DSCR: 1.24
• GRM: 8.0

CMA / ARV

• ARV (median comp): $125,191
• List price: $155,000
• Delta: 23.81%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
704 E Horner St	0.05mi	3/2.0 (+1)	1,201 (-2%)	12mo	$163,000	$136	77
202 5th Ave	0.21mi	2/1.0	1,191 (-2%)	18mo	$143,000	$120	71
506 E Horner St	0.21mi	3/1.0 (+1)	1,241 (+2%)	17mo	$124,000	$100	68
106 2nd Ave	0.43mi	2/1.0	1,232 (+1%)	17mo	$65,000	$53	64
609 E Pine St	0.46mi	3/1.0 (+1)	1,328 (+9%)	0mo	$165,000	$124	58
511 E Pine St	0.55mi	3/1.0 (+1)	1,254 (+3%)	8mo	$150,000	$120	58
205 12th Ave	0.44mi	3/2.0 (+1)	1,200 (-2%)	15mo	$229,000	$191	55
611 E Poplar St	0.33mi	3/1.0 (+1)	1,104 (-10%)	13mo	$115,000	$104	53
514 5th Ave	0.45mi	2/1.0	1,092 (-10%)	12mo	$132,500	$121	51
216 Perdido St	0.73mi	2/2.0	1,142 (-6%)	11mo	$55,000	$48	42

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: -7.8%
• Equity multiple: 0.71×
• Total profit: $-12,520
• Equity at exit: $23,111

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $5,386
• Equity at exit: $13,402

Cash invested: $43,400 (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 36502

• Home prices YoY: -23.4%
• Active inventory: 120
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,606 medium
• Mortgage (P&I): −$813
• Tax est. 1.5%: −$194 /mo · $2,325/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $197

Break-even live

Break-even rent $1,356

Max offer price $155,000

Occupancy floor 83%

Sensitivity live

Price	-10% $305	-5% $251	+0% $197	+5% $144	+10% $90
Rent	-10% $71	-5% $134	+0% $197	+5% $261	+10% $324
Rate	-1.0pp $275	-0.5pp $237	base $197	+0.5pp $157	+1.0pp $116

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $155,000 Active 47 DOM
2. 2026-06-19
   days on market $155,000 Active 45 DOM
3. 2026-06-18
   days on market $155,000 Active 44 DOM
4. 2026-06-17
   days on market $155,000 Active 43 DOM
5. 2026-06-16
   days on market $155,000 Active 42 DOM
6. 2026-06-15
   days on market $155,000 Active 41 DOM
7. 2026-06-14
   days on market $155,000 Active 39 DOM
8. 2026-06-12
   days on market $155,000 Active 38 DOM
9. 2026-06-09
   days on market $155,000 Active 35 DOM
10. 2026-06-08
    days on market $155,000 Active 34 DOM
11. 2026-06-07
    days on market $155,000 Active 33 DOM
12. 2026-06-04
    days on market $155,000 Active 29 DOM
13. 2026-06-02
    days on market $155,000 Active 28 DOM
14. 2026-06-01
    days on market $155,000 Active 27 DOM
15. 2026-05-31
    days on market $155,000 Active 26 DOM
16. 2026-05-31
    days on market $155,000 Active 25 DOM
17. 2026-05-05
    listed $155,000 Active 706-char remark

    Show marketing remark (706 chars)

    Charm meets convenience in this adorable 2-bedroom, 1-bath brick home on a coveted corner lot, offering over 1,220 sq ft of thoughtfully designed living space. There’s no wasted space here—enjoy a large eat-in kitchen with a separate dining room, a bright living room with picturesque windows that let natural light glow across pristine hardwood floors, and spacious bedrooms. Outside, a single carport pairs with a detached single garage, plus extra storage, a back patio, and a fenced dog run for four-legged friends. With a roof and HVAC updated in the last four years, this home is move-in ready and waiting for you to make it your own! Buyer to verify all information during due diligence.

18. 2026-05-05
    listed $155,000 Active 706-char remark

    Show marketing remark (706 chars)

    Charm meets convenience in this adorable 2-bedroom, 1-bath brick home on a coveted corner lot, offering over 1,220 sq ft of thoughtfully designed living space. There’s no wasted space here—enjoy a large eat-in kitchen with a separate dining room, a bright living room with picturesque windows that let natural light glow across pristine hardwood floors, and spacious bedrooms. Outside, a single carport pairs with a detached single garage, plus extra storage, a back patio, and a fenced dog run for four-legged friends. With a roof and HVAC updated in the last four years, this home is move-in ready and waiting for you to make it your own! Buyer to verify all information during due diligence.

19. 2022-02-04
    soldstatus $114,900

    Show marketing remark (935 chars)

    Cute, Convenient, & Affordable!! Take a look at this brick home in good condition with beautiful & original hardwood flooring! User Friendly Kitchen with plenty of counter space, cabinets, & like-new refrigerator & stove. The kitchen has a breakfast bar & also serves as a small den for visiting with the neighbors. Each of the two bedrooms have double closets. The bathroom vanity has nice counter space & extra storage. It also has the well preserved & original cast iron bathtub! The open living & formal dining area create a big room for entertaining as well. This home sits on a corner lot with a carport at the rear of the home, a detached storage building , and bricked patio area. Lots of little extras and opportunity to enjoy this adorable cottage!! Make Your Appointment to See Today!! ALL SQ. FOOTAGE AND DIMENSIONS ARE APPROXIMATE AND IS THE BUYER'S RESPONSIBILITY TO VERIFY.

20. 2022-02-04
    soldstatus $114,900

    Show marketing remark (935 chars)

    Cute, Convenient, & Affordable!! Take a look at this brick home in good condition with beautiful & original hardwood flooring! User Friendly Kitchen with plenty of counter space, cabinets, & like-new refrigerator & stove. The kitchen has a breakfast bar & also serves as a small den for visiting with the neighbors. Each of the two bedrooms have double closets. The bathroom vanity has nice counter space & extra storage. It also has the well preserved & original cast iron bathtub! The open living & formal dining area create a big room for entertaining as well. This home sits on a corner lot with a carport at the rear of the home, a detached storage building , and bricked patio area. Lots of little extras and opportunity to enjoy this adorable cottage!! Make Your Appointment to See Today!! ALL SQ. FOOTAGE AND DIMENSIONS ARE APPROXIMATE AND IS THE BUYER'S RESPONSIBILITY TO VERIFY.

21. 2022-02-04
    soldstatus $114,900

    Show marketing remark (935 chars)

    Cute, Convenient, & Affordable!! Take a look at this brick home in good condition with beautiful & original hardwood flooring! User Friendly Kitchen with plenty of counter space, cabinets, & like-new refrigerator & stove. The kitchen has a breakfast bar & also serves as a small den for visiting with the neighbors. Each of the two bedrooms have double closets. The bathroom vanity has nice counter space & extra storage. It also has the well preserved & original cast iron bathtub! The open living & formal dining area create a big room for entertaining as well. This home sits on a corner lot with a carport at the rear of the home, a detached storage building , and bricked patio area. Lots of little extras and opportunity to enjoy this adorable cottage!! Make Your Appointment to See Today!! ALL SQ. FOOTAGE AND DIMENSIONS ARE APPROXIMATE AND IS THE BUYER'S RESPONSIBILITY TO VERIFY.

22. 2021-11-18
    listed $114,900

    Show marketing remark (935 chars)

    Cute, Convenient, & Affordable!! Take a look at this brick home in good condition with beautiful & original hardwood flooring! User Friendly Kitchen with plenty of counter space, cabinets, & like-new refrigerator & stove. The kitchen has a breakfast bar & also serves as a small den for visiting with the neighbors. Each of the two bedrooms have double closets. The bathroom vanity has nice counter space & extra storage. It also has the well preserved & original cast iron bathtub! The open living & formal dining area create a big room for entertaining as well. This home sits on a corner lot with a carport at the rear of the home, a detached storage building , and bricked patio area. Lots of little extras and opportunity to enjoy this adorable cottage!! Make Your Appointment to See Today!! ALL SQ. FOOTAGE AND DIMENSIONS ARE APPROXIMATE AND IS THE BUYER'S RESPONSIBILITY TO VERIFY.

23. 2021-11-18
    listed $114,900

    Show marketing remark (935 chars)

    Cute, Convenient, & Affordable!! Take a look at this brick home in good condition with beautiful & original hardwood flooring! User Friendly Kitchen with plenty of counter space, cabinets, & like-new refrigerator & stove. The kitchen has a breakfast bar & also serves as a small den for visiting with the neighbors. Each of the two bedrooms have double closets. The bathroom vanity has nice counter space & extra storage. It also has the well preserved & original cast iron bathtub! The open living & formal dining area create a big room for entertaining as well. This home sits on a corner lot with a carport at the rear of the home, a detached storage building , and bricked patio area. Lots of little extras and opportunity to enjoy this adorable cottage!! Make Your Appointment to See Today!! ALL SQ. FOOTAGE AND DIMENSIONS ARE APPROXIMATE AND IS THE BUYER'S RESPONSIBILITY TO VERIFY.

24. 2018-02-09
    soldstatus $66,000
25. 2018-02-09
    soldstatus $66,000
26. 2017-08-17
    listed $69,900
27. 2017-08-17
    listed $69,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $19,269
• − Mortgage interest: −$8,682
• − Property taxes: −$2,325
• − Insurance: −$775
• − Repairs & maintenance: −$1,542
• − Management: −$1,542
• − Depreciation: −$4,509
• Taxable loss: −$105
• Est. tax savings @ 24.0%: +$25
• After-tax cash flow: $2,394/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: Escambia County
• NCES district ID: 0101350
• Math proficiency: 17% ▼ -27.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $31,905
• Composite: 22.73/100
• National rank: #8036
• State rank: #83 of 129 in AL

Livability — Atmore

• Score: 50/100
• State rank: #530
• US rank: #25632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atmore, AL
• City population: 1,121
• Population (ZIP): 16,008

Population outlook (Escambia County) Hauer SSP2

• Today (2025): 36,683 people
• By 2030: 35,844 · -2.3%
• By 2040: 34,393 · -6.2%
• By 2050: 33,109 · -9.7%
• By 2075: 28,305 · -22.8%
• By 2100: 21,091 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 49% Black 40% Native American 7% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Iranian 3% Slovak 1% Serbian 1%
• Foreign-born: 1% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Escambia

• 2024 margin: Solid R (+46.4) · D 26.6% · R 72.9%
• 2008→2024 swing: -17.8pp toward R · 2008: -28.5pp · 2024: -46.4pp
• All cycles: 2024: R+46.4 2020: R+37.4 2016: R+36.7 2012: R+25.5 2008: R+28.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.16%
• Current HPI: 190.1872
• 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

+121.7% since first listed

11 events — show timeline

• 2026-05-05 Listed $155,000 PARMLS
• 2026-05-05 Listed $155,000 BCAR
• 2022-02-04 Sold (Public Records) $114,900 Public Records
• 2022-02-04 Sold (MLS) $114,900 BCAR
• 2022-02-04 Sold (MLS) $114,900 PARMLS
• 2021-11-18 Listed $114,900 BCAR
• 2021-11-18 Listed $114,900 PARMLS
• 2018-02-09 Sold (MLS) $66,000 BCAR
• 2018-02-09 Sold (MLS) $66,000 PARMLS
• 2017-08-17 Listed $69,900 BCAR
• 2017-08-17 Listed $69,900 PARMLS

Property tax history

-10.6%/yr

Latest (2025): $297 · +6.2% YoY. Source: county tax records.