5685 County Rd 14 · Waterloo, AL 35677

$214,900

2 bd · 1.5 ba · 1,159 sqft · SingleFamily public records · 147 Days on market

Built 1967 1.00 ac lot $185/sqft · 40% below area Est $356k · 40% under ↓ 7% since listing

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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 +15.0/15.0
• Appreciation +8.2/10.0
• Cash flow +7.4/30.0
• Livability +3.1/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.5/10.0
• 1% rule +1.0/10.0

Listing remarks MLS

Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc. ! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

Key facts

• Fully renovated
• Updated bathrooms
• Updated kitchen

Tags

• FULLY RENOVATED
• NEW ROOF
• UPDATED KITCHEN
• UPDATED BATHROOMS
• APPROXIMATELY 1 ACRE LOT

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $-280 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $165k (23.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $128k (40.4% below list).
• Recommended offer: $128k (40.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#277 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D-, amenities F, commute F.
• Lauderdale County (rural): math 19% / reading 46% proficiency, ranked #53 of 129 in AL (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Underwood Elementary School (math 12% / reading 42%, grade F, #392 of 627 statewide, top 65%, 325 students, 58% FRL) — zoned schools average 58% FRL vs 37% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 22 active listings in the ZIP; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).

Forward outlook

• In year one you build about $15k of equity ($1k loan paydown + $14k appreciation (6.5% local appreciation)).
• By year 3, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,113 (40.4% 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 147 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
7. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.60% ✗
• Cap rate: 4.73%
• Cash-on-cash: -5.59%
• DSCR: 0.75
• GRM: 14.0

CMA / ARV

• ARV (median comp): $356,316
• List price: $214,900
• Delta: -39.69%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5425 Co Rd 14	0.26mi	2/1.0	1,000 (-14%)	4mo	$114,000	$114	60
840 Co Rd 78	0.50mi	3/1.0 (+1)	1,302 (+12%)	8mo	$369,000	$283	43
850 County Road 90	0.58mi	1/1.0 (-1)	1,035 (-11%)	9mo	$350,000	$338	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

6.49% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.1%
• Equity multiple: 1.84×
• Total profit: $50,343
• Equity at exit: $141,751

10-year hold

• IRR: 12.7%
• Equity multiple: 3.67×
• Total profit: $160,398
• Equity at exit: $263,009

Cash invested: $60,172 (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 35677

• Home prices YoY: 3.9%
• Active inventory: 22
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $1,281 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$76 /mo · $912/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$269
• Net cashflow: $-280

Break-even live

Break-even rent $1,636

Max offer price $165,359

Occupancy floor —

Sensitivity live

Price	-10% $-159	-5% $-220	+0% $-280	+5% $-341	+10% $-402
Rent	-10% $-382	-5% $-331	+0% $-280	+5% $-230	+10% $-179
Rate	-1.0pp $-172	-0.5pp $-226	base $-280	+0.5pp $-336	+1.0pp $-393

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $214,900 Active 147 DOM
2. 2026-06-18
   days on market $214,900 Active 146 DOM
3. 2026-06-17
   days on market $214,900 Active 145 DOM
4. 2026-06-16
   days on market $214,900 Active 144 DOM
5. 2026-06-15
   days on market $214,900 Active 143 DOM
6. 2026-06-14
   days on market $214,900 Active 141 DOM
7. 2026-06-13
   days on market $214,900 Active 140 DOM
8. 2026-06-10
   days on market $214,900 Active 138 DOM
9. 2026-06-09
   days on market $214,900 Active 137 DOM
10. 2026-06-08
    days on market $214,900 Active 136 DOM
11. 2026-06-07
    days on market $214,900 Active 135 DOM
12. 2026-06-05
    days on market $214,900 Active 132 DOM
13. 2026-06-03
    days on market $214,900 Active 131 DOM
14. 2026-06-02
    days on market $214,900 Active 130 DOM
15. 2026-06-01
    days on market $214,900 Active 129 DOM
16. 2026-05-31
    days on market $214,900 Active 128 DOM
17. 2026-05-30
    days on market $214,900 Active 127 DOM
18. 2026-05-19
    status Active 409-char remark

    Show marketing remark (408 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc.! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

19. 2026-05-19
    status Active 408-char remark

    Show marketing remark (408 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc.! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

20. 2026-05-19
    price $214,900 409-char remark

    Show marketing remark (408 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc.! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

21. 2026-05-19
    price $214,900 408-char remark

    Show marketing remark (408 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc.! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

22. 2026-05-11
    status Pending 408-char remark

    Show marketing remark (409 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc. ! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

23. 2026-05-11
    status Pending 409-char remark

    Show marketing remark (409 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc. ! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

24. 2026-01-15
    listed $229,900 Active 408-char remark

    Show marketing remark (408 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc.! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

25. 2025-12-04
    listed $229,900 Active 409-char remark

    Show marketing remark (409 chars)

    Fully renovated and ready for your clothes and your groceries! This 2-bedroom, 1-1/2 bath brick rancher is in move-in condition and like new! New roof and the HVAC, water heater, plumbing, and a lot of the electrical have all been updated and/or replaced. New floors, lighting, updated kitchen and bathrooms, etc. ! This home is situated on approximately 1 acre lot. Seller will provide a new boundary survey.

ⓘ 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: $912 · $76/mo
• Projected year-2 tax: $912 · $76/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $15,374
• − Mortgage interest: −$12,038
• − Property taxes: −$912
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,230
• − Management: −$1,230
• − Depreciation: −$6,252
• Taxable loss: −$7,362
• Est. tax savings @ 24.0%: +$1,767
• After-tax cash flow: $-1,598/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: Lauderdale County
• NCES district ID: 0102010
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $47,501
• Composite: 27.93/100
• National rank: #6863
• State rank: #53 of 129 in AL

Livability — Waterloo

• Score: 61/100
• State rank: #277
• US rank: #18440

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,874

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Slovak 5% Serbian 4% Iranian 2%
• Foreign-born: 0% · Vietnam

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.49%
• Current HPI: 173.8023
• 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

-6.5% since first listed

8 events — show timeline

• 2026-05-19 Relisted — SAARMLS
• 2026-05-19 Relisted — REALTRACS as Distributed by MLS Grid
• 2026-05-19 Price Changed $214,900 SAARMLS
• 2026-05-19 Price Changed $214,900 REALTRACS as Distributed by MLS Grid
• 2026-05-11 Pending — REALTRACS as Distributed by MLS Grid
• 2026-05-11 Pending — SAARMLS
• 2026-01-15 Listed $229,900 REALTRACS as Distributed by MLS Grid
• 2025-12-04 Listed $229,900 SAARMLS

Property tax history

+14.9%/yr

Latest (2025): $912 · +6.5% YoY. Source: county tax records.