411 Madison Ave · Dothan, AL 36301

$89,000

3 bd · 1.0 ba · 1,727 sqft · SingleFamily public records · 52 Days on market

Built 1943 0.36 ac lot $52/sqft · 41% below area Est $151k · 41% under ↓ 18% since listing

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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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 0.36 acre lot
• Garage
• Built 1943

Property features AI

Exterior

• Parking: Attached carport; Has attached garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Vinyl siding; Other construction materials
• Exterior features: Storage structure on property; No pool

Interior

• Kitchen: Oven
• Flooring: Tile; Vinyl; Wood
• Bathrooms: 2 full bathrooms
• Interior features: Entrance foyer; Eat-in kitchen; Wood-framed windows; Fireplace (1)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $89k.

Deal economics

• At list price, monthly cash flow is $429 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $86k (3.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 4.4% in Dothan — 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 64/100 on livability (#146 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, amenities F.
• Dothan City (urban): math 19% / reading 39% proficiency, ranked #73 of 129 in AL (top 57%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Dothan High School (math 16% / reading 24%, grade F, #163 of 305 statewide, top 54%, 1,454 students, 70% FRL).
• Market conditions: 410 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 463 units permitted in Houston County in 2024 (96 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Houston County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $25k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($86k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1943 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% 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 $86,330 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 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 1943 — 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 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?
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. 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.
7. 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.
8. 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: 1.41% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.66%
• DSCR: 1.92
• GRM: 5.9

CMA / ARV

• ARV (median comp): $150,508
• List price: $89,000
• Delta: -40.87%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
404 Moss St	0.09mi	2/1.0 (-1)	1,766 (+2%)	13mo	$140,000	$79	76
106 Hillman St	0.28mi	4/1.5 (+1)	1,690 (-2%)	14mo	$85,000	$50	65
308 Pearce St	0.53mi	3/2.0	1,713 (-1%)	9mo	$63,000	$37	62
400 Massee Dr	0.48mi	3/2.0	1,639 (-5%)	9mo	$115,000	$70	58
702 Highland St	0.46mi	3/2.0	1,630 (-6%)	10mo	$170,000	$104	57
705 Dexter St	0.46mi	3/2.0	1,564 (-9%)	10mo	$95,500	$61	51
111 Helen St	0.48mi	4/1.5 (+1)	1,571 (-9%)	9mo	$89,900	$57	48
685 Hodgesville Rd	0.74mi	3/2.0	1,780 (+3%)	12mo	$205,000	$115	46
685 Hodgesville Rd	0.74mi	3/2.0	1,780 (+3%)	12mo	$205,000	$115	46
1203 S Bell St	0.47mi	4/2.0 (+1)	1,875 (+9%)	12mo	$113,000	$60	44
902 Moss St	0.49mi	3/2.0	1,491 (-14%)	11mo	$145,500	$98	41
704 Mullins St	0.38mi	4/2.5 (+1)	1,934 (+12%)	12mo	$173,500	$90	41

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: 13.0%
• Equity multiple: 1.52×
• Total profit: $12,888
• Equity at exit: $13,270

10-year hold

• IRR: 21.8%
• Equity multiple: 2.86×
• Total profit: $46,349
• Equity at exit: $7,695

Cash invested: $24,920 (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 36301

• Home prices YoY: -24.9%
• Active inventory: 410
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,254 high
• Mortgage (P&I): −$467
• Tax from tax record: −$58 /mo · $693/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$263
• Net cashflow: $429

Break-even live

Break-even rent $711

Max offer price $89,000

Occupancy floor 61%

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: $22,250
• Closing costs: $2,670
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
31 Trillium Cir Dothan, AL	1.0–3.0	1.0–2.0	958	$1,290	$1.35	43d	15	0.79mi
413 Christopher Dr Miami, AL	3.0	2.0	1482	$2,900	$1.96	43d	1	0.88mi
2004 Roebuck St Dothan, AL	3.0	1.5	1609	$1,175	$0.73	43d	1	0.95mi
131 Hedstrom Dr Greenwood, AL	3.0	2.0	1526	$1,400	$0.92	43d	1	1.24mi
1009 Jonathan St Dothan, AL	3.0	1.5	1318	$1,300	$0.99	43d	1	1.33mi
2211 Shannondoah Dr Dothan, AL	3.0	2.0	1409	$1,450	$1.03	43d	1	1.37mi
1000 Fairlane Dr Dothan, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	1.41mi
2918 Third Ave Dothan, AL	3.0	2.0	1504	$1,400	$0.93	43d	1	1.44mi
306 Mustang Dr Dothan, AL	3.0	1.0	1301	$1,050	$0.81	43d	1	1.48mi
310 W Lafayette St Dothan, AL	3.0	1.0	1459	$995	$0.68	43d	1	1.49mi

Listing history 18 events

1. 2026-06-19
   days on market $89,000 Active 52 DOM
2. 2026-06-18
   days on market $89,000 Active 51 DOM
3. 2026-06-17
   days on market $89,000 Active 50 DOM
4. 2026-06-17
   price $89,000 Active 49 DOM
5. 2026-06-16
   days on market $92,000 Active 49 DOM
6. 2026-06-15
   days on market $92,000 Active 48 DOM
7. 2026-06-14
   days on market $92,000 Active 46 DOM
8. 2026-06-12
   days on market $92,000 Active 45 DOM
9. 2026-06-09
   days on market $92,000 Active 42 DOM
10. 2026-06-08
    days on market $92,000 Active 41 DOM
11. 2026-06-07
    days on market $92,000 Active 40 DOM
12. 2026-06-05
    days on market $92,000 Active 37 DOM
13. 2026-06-03
    days on market $92,000 Active 36 DOM
14. 2026-06-02
    pricedays on market $92,000 Active 35 DOM
15. 2026-06-01
    days on market $109,000 Active 34 DOM
16. 2026-05-31
    days on market $109,000 Active 33 DOM
17. 2026-05-30
    days on market $109,000 Active 32 DOM
18. 2026-04-28
    listed $109,000 Active

ⓘ 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: $693 · $58/mo
• Projected year-2 tax: $693 · $58/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,046
• − Mortgage interest: −$4,985
• − Property taxes: −$693
• − Insurance: −$445
• − Repairs & maintenance: −$1,204
• − Management: −$1,204
• − Depreciation: −$2,589
• Taxable income: $3,927
• Est. tax owed @ 24.0%: −$942
• After-tax cash flow: $4,206/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: Dothan City
• NCES district ID: 0101230
• Math proficiency: 19% ▼ -23.00%
• Reading proficiency: 39% ▼ -3.00%
• Median HH income: $42,279
• Composite: 24.56/100
• National rank: #7640
• State rank: #73 of 129 in AL

Livability — Dothan

• Score: 64/100
• State rank: #146
• US rank: #13662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dothan, AL
• City population: 47,783
• Population (ZIP): 38,627

Population outlook (Houston County) Hauer SSP2

• Today (2025): 110,280 people
• By 2030: 112,668 · +2.2%
• By 2040: 116,149 · +5.3%
• By 2050: 117,805 · +6.8%
• By 2075: 118,577 · +7.5%
• By 2100: 110,940 · +0.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 59% Black 31% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Houston

• 2024 margin: Solid R (+47.8) · D 25.7% · R 73.5%
• 2008→2024 swing: -7.0pp toward R · 2008: -40.8pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+42.7 2016: R+47.6 2012: R+40.3 2008: R+40.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.46%
• Current HPI: 161.1212
• 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

-18.3% since first listed

3 events — show timeline

• 2026-06-16 Price Changed $89,000 SAMLS
• 2026-06-02 Price Changed $92,000 SAMLS
• 2026-04-28 Listed $109,000 SAMLS

Property tax history

+5.7%/yr

Latest (2025): $693 · +6.9% YoY. Source: county tax records.