110 Kieran Trce · Dothan, AL 36301

$264,900

3 bd · 2.0 ba · 1,618 sqft · SingleFamily · 136 Days on market

Built 2026 Good condition 0.32 ac lot $164/sqft · 6% below area Est $281k · 6% under

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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 +14.9/30.0
• ARV discount +10.0/15.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• Condition / age +4.0/5.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 110 Kieran Trace, the Aria floorplan featured in our beautiful Halls Creek community in Dothan, Alabama. The Aria features 3-bedrooms, 2-bathrooms, and just over 1,600 square feet of desirable living space. As you walk in, you are greeted by the foyer with convenient access to a connecting bathroom with 2 spacious bedrooms, and the laundry room is conveniently across the way. Moving along, you are welcomed into the open concept living, dining, and kitchen space, perfect for everyday entertainment. The kitchen features a stunning island, quartz countertops, stainless steel appliances, and a pantry which are sure to make meal preps easy. The island is the perfect spot for your guests to sit and dine. A covered porch is connected to the living space for seamless indoor-outdoor leisure. Tucked in the corner is the private primary suite that features a stunning bathroom with a double vanity sink with quartz countertops, a separate standing shower, a garden tub, and a large walk-in closet. In every bedroom you'll have carpeted floors and a closet. Like all homes in Halls Creek the Aria includes a Home is Connected smart home technology package which allows you to control your home with your smart device while near or away. Pictures may be of a similar home and not necessarily of the subject property. Pictures are representational only. Call one of our New Home Specialists today to schedule your tour!

Key facts

• Pantry
• Covered porch
• Quartz countertops

Tags

• STUNNING ISLAND
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• PANTRY
• COVERED PORCH
• PRIVATE PRIMARY SUITE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $265k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $80 ($956/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 $242k (8.7% below list).
• Recommended offer: $233k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.3% 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: Selma Street Elementary School (math 13% / reading 33%, grade F, #431 of 627 statewide, top 69%, 413 students, 93% FRL); Dothan Preparatory Academy (math 12% / reading 38%, grade F, #163 of 257 statewide, top 64%, 1,133 students, 78% FRL) — zoned schools average 85% FRL vs 59% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 538 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 93d 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).
• At $2,418/mo this rent would consume 59% of the median local household income ($49k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• 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 $233,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 136 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 0.91% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.29%
• DSCR: 1.06
• GRM: 9.1

CMA / ARV

• ARV (median comp): $280,768
• List price: $264,900
• Delta: -5.65%
• 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
114 Kieran Trce	0.03mi	3/2.0	1,618 (0%)	4mo	$255,900	$158	95
121 Halls Creek Ln	0.17mi	3/2.0	1,618 (0%)	14mo	$265,000	$164	80
504 Blackman Rd	0.31mi	3/2.0	1,560 (-4%)	3mo	$218,000	$140	77
100 Oliver Dr	0.21mi	4/2.0 (+1)	1,774 (+10%)	2mo	$272,500	$154	68
204 Thistlewood Dr	0.52mi	4/2.0 (+1)	1,601 (-1%)	5mo	$219,000	$137	65
4001 Woodberry Dr	0.50mi	3/2.0	1,600 (-1%)	12mo	$210,000	$131	64
1603 Cone Dr	0.74mi	3/2.0	1,624 (+0%)	14mo	$200,000	$123	53
128 Thistlewood Dr	0.56mi	3/2.0	1,421 (-12%)	11mo	$195,000	$137	44
113 Thistlewood Dr	0.59mi	3/2.0	1,385 (-14%)	6mo	$210,000	$152	44
576 Taylor Rd	0.68mi	3/2.0	1,783 (+10%)	10mo	$223,000	$125	43
106 Needle Pne	0.75mi	3/2.0	1,836 (+14%)	2mo	$185,000	$101	41
2017 Fern Dr	0.62mi	3/2.0	1,850 (+14%)	11mo	$323,000	$175	38

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: -14.2%
• Equity multiple: 0.49×
• Total profit: $-37,815
• Equity at exit: $39,497

10-year hold

• IRR: -5.4%
• Equity multiple: 0.65×
• Total profit: $-26,247
• Equity at exit: $22,904

Cash invested: $74,172 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 13 active · 14 under contract
• Months of supply: 5.6 mo (18%/mo absorbed)
• Median asking: $264,900 ($164/sqft)
• Median days on market: 56 d
• This list price: 46% of active listings are priced below it
• ARV vs active asking: +6.0% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 36301

• Home prices YoY: -24.9%
• Active inventory: 538
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,418 medium
• Mortgage (P&I): −$1,389
• Tax est. 1.5%: −$331 /mo · $3,974/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$508
• Net cashflow: $80

Break-even live

Break-even rent $2,317

Max offer price $264,900

Occupancy floor 92%

Sensitivity live

Price	-10% $263	-5% $171	+0% $80	+5% $-12	+10% $-103
Rent	-10% $-111	-5% $-16	+0% $80	+5% $175	+10% $271
Rate	-1.0pp $213	-0.5pp $147	base $80	+0.5pp $11	+1.0pp $-59

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: $66,225
• Closing costs: $7,947
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 Ivy Dr Dothan, AL	3.0	2.0	1888	$3,400	$1.80	93d	1	0.70mi
306 Hidden Creek Cir #1 Dothan, AL	2.0	2.0	1233	$1,450	$1.18	93d	1	0.77mi
31 Trillium Cir Dothan, AL	1.0–3.0	1.0–2.0	958	$1,290	$1.35	93d	15	1.19mi
413 Christopher Dr Miami, AL	3.0	2.0	1482	$2,900	$1.96	93d	1	1.34mi

Listing history 50 events

1. 2026-08-08
   days on market $264,900 Active 136 DOM
2. 2026-08-07
   days on market $264,900 Active 135 DOM
3. 2026-08-06
   days on market $264,900 Active 134 DOM
4. 2026-08-05
   days on market $264,900 Active 133 DOM
5. 2026-08-04
   days on market $264,900 Active 132 DOM
6. 2026-08-03
   days on market $264,900 Active 131 DOM
7. 2026-07-31
   days on market $264,900 Active 128 DOM
8. 2026-07-29
   days on market $264,900 Active 126 DOM
9. 2026-07-27
   days on market $264,900 Active 124 DOM
10. 2026-07-25
    pricedays on market $264,900 Active 122 DOM
11. 2026-07-23
    days on market $270,900 Active 120 DOM
12. 2026-07-22
    days on market $270,900 Active 119 DOM
13. 2026-07-21
    days on market $270,900 Active 118 DOM
14. 2026-07-18
    days on market $270,900 Active 115 DOM
15. 2026-07-16
    days on market $270,900 Active 113 DOM
16. 2026-07-16
    days on market $270,900 Active 112 DOM
17. 2026-07-14
    days on market $270,900 Active 111 DOM
18. 2026-07-13
    days on market $270,900 Active 110 DOM
19. 2026-07-12
    days on market $270,900 Active 109 DOM
20. 2026-07-11
    days on market $270,900 Active 108 DOM
21. 2026-07-10
    days on market $270,900 Active 107 DOM
22. 2026-07-09
    days on market $270,900 Active 106 DOM
23. 2026-07-08
    days on market $270,900 Active 105 DOM
24. 2026-07-07
    days on market $270,900 Active 104 DOM
25. 2026-07-06
    days on market $270,900 Active 103 DOM
26. 2026-07-05
    days on market $270,900 Active 102 DOM
27. 2026-07-04
    days on market $270,900 Active 101 DOM
28. 2026-07-03
    days on market $270,900 Active 100 DOM
29. 2026-07-02
    days on market $270,900 Active 99 DOM
30. 2026-07-01
    days on market $270,900 Active 98 DOM
31. 2026-06-30
    days on market $270,900 Active 97 DOM
32. 2026-06-29
    days on market $270,900 Active 96 DOM
33. 2026-06-28
    days on market $270,900 Active 95 DOM
34. 2026-06-28
    days on market $270,900 Active 94 DOM
35. 2026-06-27
    days on market $270,900 Active 93 DOM
36. 2026-06-26
    days on market $270,900 Active 92 DOM
37. 2026-06-22
    days on market $270,900 Active 89 DOM
38. 2026-06-21
    days on market $270,900 Active 88 DOM
39. 2026-06-19
    days on market $270,900 Active 86 DOM
40. 2026-06-18
    days on market $270,900 Active 85 DOM
41. 2026-06-17
    days on market $270,900 Active 84 DOM
42. 2026-06-16
    days on market $270,900 Active 83 DOM
43. 2026-06-15
    days on market $270,900 Active 82 DOM
44. 2026-06-14
    days on market $270,900 Active 80 DOM
45. 2026-06-12
    days on market $270,900 Active 79 DOM
46. 2026-06-09
    days on market $270,900 Active 76 DOM
47. 2026-06-08
    days on market $270,900 Active 75 DOM
48. 2026-06-07
    days on market $270,900 Active 74 DOM
49. 2026-06-05
    days on market $270,900 Active 71 DOM
50. 2026-06-03
    days on market $270,900 Active 70 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 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: $29,018
• − Mortgage interest: −$14,839
• − Property taxes: −$3,974
• − Insurance: −$1,324
• − Repairs & maintenance: −$2,321
• − Management: −$2,321
• − Depreciation: −$7,706
• Taxable loss: −$3,468
• Est. tax savings @ 24.0%: +$832
• After-tax cash flow: $1,788/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This home is in excellent condition with a good condition score of 80. It is move-in ready with minimal maintenance required. Upgrades to the exterior, interior, and appliances can further enhance its value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance the curb appeal and interior aesthetics. ↑
• Both Replacing the carpet in the bedrooms — New carpet can improve comfort and reduce maintenance costs. ↑
• Both Upgrading the kitchen appliances — Modern appliances can increase the home's appeal and value. ↑
• Both Landscaping the front yard — A well-maintained front yard can improve curb appeal and attract potential buyers/tenants. ↑

F Composite school gradezoned avg 23/100

Zoned Schools

Elementary Selma Street Elementary School F AL #431/627 Nat'l #31,702/41,679 High Carver 9th Grade Academy

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

C Composite livability gradescore 64/100

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
• County: Houston · 110,280 people
• City population: 47,783
• Metro: Dothan, AL
• Population (ZIP): 38,627
• Household income: $49,124
• Rent vs Own: 41.7% rent · 58.3% own
• Severe rent burden: 9% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+0.0% since first listed

5 events — show timeline

• 2026-04-11 Price Changed $270,900 Zillow
• 2026-03-25 Relisted — SAMLS
• 2026-03-25 Listed $276,100 Zillow
• 2026-03-17 Pending — SAMLS
• 2026-03-16 Listed $270,900 SAMLS