987 County Road 40 Rd W · Autaugaville, AL 36067

$170,000

3 bd · 3.0 ba · 2,169 sqft · SingleFamily · 83 Days on market

Built 1970 Fair condition 1.00 ac lot ↓ 7% since listing

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Why this score? — see what drove the C- 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 +19.5/30.0
• ARV discount +7.5/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Rent growth +3.9/5.0
• Schools +3.2/10.0
• Livability +2.7/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks

Come and enjoy this spacious 3bedroom 3 bath home nestled in the heart of Prattville! Located at 987 County Road 40 West, this inviting residence offers a warm blend of comfort and classic style featuring a cozy living room, rich wood trim, and neutral wall tones that create a serene ambiance. The space is accented with a tiled area rug and traditional furnishings, perfect for relaxing or entertaining. The main kitchen has an eat in area great for family and friends. There is also a kitchen upstairs attached to a bath and bedroom that can be a separate apartment. While the full bathroom provides plenty of space and functionality with large, tiled flooring, custom vanity, and a warm color pa

Key facts

• Custom vanity
• Rich wood trim
• Large tiled flooring

Tags

• MODERN CEILING FAN
• RICH WOOD TRIM
• TILED AREA RUG
• RICH HARDWOOD FLOORING
• LARGE TILED FLOORING
• CUSTOM VANITY

Property features AI

Exterior

• Parking: Driveway
• Utilities: Public water; Septic tank sewer; Cable available
• Home design: Brick construction; Slab foundation; Year built per public records
• Construction: Brick exterior; Slab foundation
• Exterior features: Porch; City lot

Interior

• Kitchen: Kitchen on the second level; Eat-in kitchen on the first level
• Bedrooms: Bedroom on the first level; In-law suite on the second level
• Flooring: Tile
• Bathrooms: Three full bathrooms (located on first and second levels)
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Tile flooring; Porch (interior-accessible)
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $170k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $160k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 54/100 on livability (#458 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D, schools F, amenities F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.8%/yr); 131 active listings in the ZIP; 221 units permitted in Autauga County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($66k/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 $5k of value loss. Plan a longer hold.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 77% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,800 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1970 — 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. 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.
9. 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.
10. 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: 1.02% ✓
• Cap rate: 7.66%
• Cash-on-cash: 4.90%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.78% rent growth · sell at horizon

5-year hold

• IRR: -5.6%
• Equity multiple: 0.79×
• Total profit: $-10,159
• Equity at exit: $25,348

10-year hold

• IRR: 7.1%
• Equity multiple: 1.61×
• Total profit: $28,846
• Equity at exit: $14,698

Cash invested: $47,600 (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 36067

• Home prices YoY: -12.4%
• Rents YoY: 5.8%
• Active inventory: 131
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,733 medium
• Mortgage (P&I): −$891
• Tax est. 1.5%: −$212 /mo · $2,550/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$364
• Net cashflow: $194

Break-even live

Break-even rent $1,487

Max offer price $170,000

Occupancy floor 84%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-18
   days on market $170,000 Active 83 DOM
2. 2026-06-17
   days on market $170,000 Active 82 DOM
3. 2026-06-16
   days on market $170,000 Active 81 DOM
4. 2026-06-15
   days on market $170,000 Active 80 DOM
5. 2026-06-14
   days on market $170,000 Active 78 DOM
6. 2026-06-13
   pricedays on market $170,000 Active 77 DOM
7. 2026-06-10
   days on market $175,000 Active 75 DOM
8. 2026-06-09
   days on market $175,000 Active 74 DOM
9. 2026-06-08
   days on market $175,000 Active 73 DOM
10. 2026-06-07
    days on market $175,000 Active 72 DOM
11. 2026-06-03
    days on market $175,000 Active 68 DOM
12. 2026-06-02
    remarks 699-char remark
13. 2026-06-02
    listed $175,000 Active 67 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 77% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,798
• − Mortgage interest: −$9,523
• − Property taxes: −$2,550
• − Insurance: −$850
• − Repairs & maintenance: −$1,664
• − Management: −$1,664
• − Depreciation: −$4,945
• Taxable loss: −$398
• Est. tax savings @ 24.0%: +$95
• After-tax cash flow: $2,428/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 · 11 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to the kitchen and bathrooms, along with some landscaping and paint touch-ups. Upgrading the kitchen and bathrooms can significantly increase its resale value.

Repairs flagged

• Moderate Kitchen cabinets — The cabinets are dated and may need updating or replacement.
• Moderate Kitchen countertops — The countertops are dated and may need updating or replacement.
• Moderate Kitchen flooring — The mosaic tile floor may need updating or replacement.
• Moderate Bathroom fixtures — The fixtures in the bathrooms may need updating or replacement.
• Minor Paint touch-ups — The walls and ceilings may need a fresh coat of paint.
• Moderate Landscaping — The landscaping is sparse and could be improved with some landscaping and a fence.

Value-add opportunities

• Resale Kitchen renovation — Updating the kitchen with new cabinets, countertops, and flooring can significantly increase the home's resale value.
• Resale Bathroom updates — Updating the bathroom fixtures and possibly the paint can increase the home's resale value.
• Both Landscaping and fence — Improving the landscaping and adding a fence can enhance the curb appeal and increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · The cabinets are dated and may need updating or replacement.	Moderate	$3,000–15,000
Kitchen countertops · The countertops are dated and may need updating or replacement.	Moderate	$3,000–15,000
Kitchen flooring · The mosaic tile floor may need updating or replacement.	Moderate	$3,000–15,000
Bathroom fixtures · The fixtures in the bathrooms may need updating or replacement.	Moderate	$3,000–15,000
Paint touch-ups · The walls and ceilings may need a fresh coat of paint.	Minor	$500–3,000
Landscaping · The landscaping is sparse and could be improved with some landscaping and a fence.	Moderate	$3,000–15,000
Total estimated repair cost · 6 items		$15,500–78,000

Value-add ROI direction

• Resale Kitchen renovation — Updating the kitchen with new cabinets, countertops, and flooring can significantly increase the home's resale value. ↑
• Resale Bathroom updates — Updating the bathroom fixtures and possibly the paint can increase the home's resale value. ↑
• Both Landscaping and fence — Improving the landscaping and adding a fence can enhance the curb appeal and increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Autaugaville

• Score: 54/100
• State rank: #458
• US rank: #23828

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Autauga County · 50,925 people
• Metro: Montgomery, AL
• Population (ZIP): 28,293
• Household income: $65,593
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 389.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.98%
• Current HPI: 211.1676
• Rent YoY: ▲ 5.78%
• Metro: Montgomery, 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

-6.9% since first listed

2 events — show timeline

• 2026-06-01 Price Changed $175,000 MAAR
• 2026-03-27 Listed $188,000 MAAR