703 Edmon Ave · Opelika, AL 36804

$215,000

3 bd · 1.0 ba · 1,303 sqft · SingleFamily public records · 2 Days on market

Built 2001 0.70 ac lot Est $219k · at est.

---

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 +20.0/30.0
• ARV discount +8.3/15.0
• DSCR +6.3/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 0.7 acre lot
• Built 2001
• Listed 2 days

Property features AI

Finance

• HOA & community: No association amenities

Exterior

• Utilities: Cable available; Electricity available; Water available; Sewer connected
• Home design: Single-story residence
• Construction: Brick and vinyl siding exterior; Slab foundation
• Exterior features: Partial fencing; Located on a cul-de-sac

Interior

• Kitchen: Refrigerator
• Flooring: Carpet; Linoleum
• Bathrooms: Two full bathrooms; Two main-level bathrooms
• Heating & cooling: Central air conditioning (electric); Electric forced-air heating
• Interior features: Refrigerator included; Carpet and linoleum flooring
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $264 ($3k/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 $195k (9.3% below list).
• Recommended offer: $195k (9.3% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 3.8% in Opelika — 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 63/100 on livability (#188 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime F, amenities F.
• Opelika City (urban): math 27% / reading 43% proficiency, ranked #45 of 129 in AL (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Northside School (math 39% / reading 57%, grade D, #135 of 627 statewide, top 22%, 435 students, 62% FRL); Opelika Middle School (math 19% / reading 39%, grade F, #134 of 257 statewide, top 53%, 1,132 students, 72% FRL); Opelika High School (math 27% / reading 24%, grade F, #111 of 305 statewide, top 37%, 1,562 students, 62% FRL) — zoned schools at 65% FRL track the district average.
• Market conditions: 397 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 1,858 units permitted in Lee County in 2024 (113 in 5+ unit buildings).
• This rent runs 38% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lee County population projected at +54% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• 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 $195,060 (9.3% 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. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 7.77%
• Cash-on-cash: 5.26%
• DSCR: 1.23
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $218,904
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
602 Edmon Ave	0.09mi	4/2.5 (+1)	1,365 (+5%)	3mo	$230,000	$168	74
2712 Tara Ct	0.31mi	3/2.0	1,402 (+8%)	4mo	$285,000	$203	66
605 Hall Ave	0.14mi	3/2.0	1,469 (+13%)	3mo	$230,000	$157	66
307 Hall Ave	0.41mi	3/1.5	1,392 (+7%)	7mo	$145,000	$104	62
408 Wittel Ave	0.27mi	3/2.0	1,352 (+4%)	22mo	$198,000	$146	59
2706 Samantha Ln	0.32mi	3/2.0	1,479 (+14%)	1mo	$300,000	$203	58
1103 Watwood Ave	0.42mi	3/1.0	1,130 (-13%)	1mo	$205,000	$181	57
2802 Matsu Ln	0.35mi	3/2.0	1,450 (+11%)	9mo	$280,000	$193	54
302 Hall Ave	0.42mi	3/2.0	1,353 (+4%)	22mo	$165,000	$122	51
1007 Alabama Ave	0.72mi	3/1.5	1,197 (-8%)	22mo	$110,000	$92	33

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: -8.2%
• Equity multiple: 0.70×
• Total profit: $-18,125
• Equity at exit: $32,057

10-year hold

• IRR: 1.3%
• Equity multiple: 1.09×
• Total profit: $5,464
• Equity at exit: $18,589

Cash invested: $60,200 (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 36804

• Home prices YoY: -19.0%
• Active inventory: 397
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,951 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$60 /mo · $719/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $264

Break-even live

Break-even rent $1,616

Max offer price $215,000

Occupancy floor 81%

Sensitivity live

Price	-10% $386	-5% $325	+0% $264	+5% $203	+10% $142
Rent	-10% $110	-5% $187	+0% $264	+5% $341	+10% $418
Rate	-1.0pp $372	-0.5pp $319	base $264	+0.5pp $208	+1.0pp $152

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2704 Matsu Ln Opelika, AL	3.0	2.0	1430	$2,350	$1.64	23d	1	0.31mi
1213 Monroe Ave Opelika, AL	2.0	2.0	928	$850	$0.92	23d	1	1.12mi
613 Lismore Dr Opelika, AL	3.0	2.0	1300	$1,600	$1.23	45d	1	1.44mi

Listing history 1 events

1. 2026-06-21
   listed $215,000 Coming Soon 2 DOM

ⓘ 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: $719 · $60/mo
• Projected year-2 tax: $882 · $73/mo
• Expected delta: +$162/yr (+$14/mo · 22.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 69% 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: $23,407
• − Mortgage interest: −$12,043
• − Property taxes: −$719
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,873
• − Management: −$1,873
• − Depreciation: −$6,255
• Taxable loss: −$430
• Est. tax savings @ 24.0%: +$103
• After-tax cash flow: $3,271/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: Opelika City
• NCES district ID: 0102580
• Math proficiency: 27% ▼ -25.00%
• Reading proficiency: 43% ▼ -1.00%
• Median HH income: $40,081
• Composite: 29.34/100
• National rank: #6541
• State rank: #45 of 129 in AL

Livability — Opelika

• Score: 63/100
• State rank: #188
• US rank: #15556

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Opelika, AL
• County: Lee County · 144,175 people
• City population: 45,973
• Metro: Auburn-Opelika, AL
• Population (ZIP): 20,535
• Household income: $61,880
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 399.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 196,440 people
• By 2030: 217,417 · +10.7%
• By 2040: 259,467 · +32.1%
• By 2050: 301,557 · +53.5%
• By 2075: 402,186 · +104.7%
• By 2100: 474,503 · +141.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 61% Black 27% Hispanic / Latino 8% Two or more races 6% Native American 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 1% Lithuanian 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 90% English-only · Spanish 8% Korean 1% Other Indo-European 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+27.8) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -8.1pp toward R · 2008: -19.8pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+20.1 2016: R+23.1 2012: R+19.9 2008: R+19.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.83%
• Current HPI: 212.8718
• Rent YoY: —
• Metro: Auburn-Opelika, 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

1 event — show timeline

• 2026-06-20 Coming Soon $215,000 LCMLS

Property tax history

+3.3%/yr

Latest (2025): $719 · +0.0% YoY. Source: county tax records.