41420 Highway 21 · Munford, AL 36268

$155,000

3 bd · 1.0 ba · 1,796 sqft · SingleFamily public records · 54 Days on market

Built 2007 5.00 ac lot Est $219k · 29% under

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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 +23.7/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +7.6/10.0
• 1% rule +5.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

Beautiful home situated on 5 level secluded acres. This country style home features 3 large bedrooms 2 baths with shiplap walls, tiled shower and jetted tub, master also has a walk in closet. The cottage style kitchen features stainless steel appliances with a gas stove. Custom shelving and other features for the farmhouse feel. There is an extra room perfect for a play area or small den, downstairs is an unfinished area, perfect for rec room, play area, and a workshop with tons of storage in the garage. This floor plan is amazing and shows like new. If you want privacy and a very nice home with all the bells and whistles, put this one first on the list.

Key facts

• 5 acre lot
• Garage
• Built 2007

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $155k).
• Recommended offer: $150k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#212 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, housing B+; Watch: amenities F, commute F, employment F.
• Talladega County (rural): math 15% / reading 44% proficiency, ranked #75 of 129 in AL (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Munford Elementary School (math 25% / reading 59%, grade F, #213 of 627 statewide, top 37%, 748 students, 66% FRL); Munford High School (math 27% / reading 22%, grade F, #118 of 305 statewide, top 45%, 416 students, 72% FRL).
• Market conditions: 27 active listings in the ZIP; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Talladega County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $43k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y ago; this cycle's ask has dropped $37k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; major 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 $150,350 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.05% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.17%
• DSCR: 1.36
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $219,112
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
112 Meadowview Cir	0.56mi	4/2.0 (+1)	1,803 (+0%)	3mo	$220,000	$122	62

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 30.2%
• Equity multiple: 3.38×
• Total profit: $103,206
• Equity at exit: $139,636

10-year hold

• IRR: 26.2%
• Equity multiple: 7.66×
• Total profit: $289,078
• Equity at exit: $301,131

Cash invested: $43,400 (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 36268

• Home prices YoY: 5.1%
• Active inventory: 27
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,626 medium
• Mortgage (P&I): −$813
• Tax from tax record: −$112 /mo · $1,340/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$341
• Net cashflow: $295

Break-even live

Break-even rent $1,252

Max offer price $155,000

Occupancy floor 77%

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $155,000 Active 54 DOM
2. 2026-06-18
   days on market $155,000 Active 53 DOM
3. 2026-06-17
   days on market $155,000 Active 52 DOM
4. 2026-06-16
   days on market $155,000 Active 51 DOM
5. 2026-06-15
   days on market $155,000 Active 50 DOM
6. 2026-06-14
   status $155,000 Active 48 DOM
7. 2026-04-02
   status Pending
8. 2026-03-23
   price $155,000
9. 2026-02-03
   listed $192,000 Active
10. 2019-01-22
    soldstatus $193,734
11. 2019-01-17
    soldstatus $188,000 Sold 662-char remark

    Show marketing remark (662 chars)

    Beautiful home situated on 5 level secluded acres. This country style home features 3 large bedrooms 2 baths with shiplap walls, tiled shower and jetted tub, master also has a walk in closet. The cottage style kitchen features stainless steel appliances with a gas stove. Custom shelving and other features for the farmhouse feel. There is an extra room perfect for a play area or small den, downstairs is an unfinished area, perfect for rec room, play area, and a workshop with tons of storage in the garage. This floor plan is amazing and shows like new. If you want privacy and a very nice home with all the bells and whistles, put this one first on the list.

12. 2018-12-10
    historical 662-char remark

    Show marketing remark (662 chars)

    Beautiful home situated on 5 level secluded acres. This country style home features 3 large bedrooms 2 baths with shiplap walls, tiled shower and jetted tub, master also has a walk in closet. The cottage style kitchen features stainless steel appliances with a gas stove. Custom shelving and other features for the farmhouse feel. There is an extra room perfect for a play area or small den, downstairs is an unfinished area, perfect for rec room, play area, and a workshop with tons of storage in the garage. This floor plan is amazing and shows like new. If you want privacy and a very nice home with all the bells and whistles, put this one first on the list.

13. 2018-10-05
    price $188,900 662-char remark

    Show marketing remark (662 chars)

    Beautiful home situated on 5 level secluded acres. This country style home features 3 large bedrooms 2 baths with shiplap walls, tiled shower and jetted tub, master also has a walk in closet. The cottage style kitchen features stainless steel appliances with a gas stove. Custom shelving and other features for the farmhouse feel. There is an extra room perfect for a play area or small den, downstairs is an unfinished area, perfect for rec room, play area, and a workshop with tons of storage in the garage. This floor plan is amazing and shows like new. If you want privacy and a very nice home with all the bells and whistles, put this one first on the list.

14. 2018-09-17
    listed $189,900 Active 662-char remark

    Show marketing remark (662 chars)

    Beautiful home situated on 5 level secluded acres. This country style home features 3 large bedrooms 2 baths with shiplap walls, tiled shower and jetted tub, master also has a walk in closet. The cottage style kitchen features stainless steel appliances with a gas stove. Custom shelving and other features for the farmhouse feel. There is an extra room perfect for a play area or small den, downstairs is an unfinished area, perfect for rec room, play area, and a workshop with tons of storage in the garage. This floor plan is amazing and shows like new. If you want privacy and a very nice home with all the bells and whistles, put this one first on the list.

15. 2018-03-01
    soldstatus $176,312
16. 2018-02-27
    soldstatus $176,000 Sold 671-char remark

    Show marketing remark (671 chars)

    Sit on your porch over looking a beautifully wooded, completley secluded 5 acres of land in Munford. This lovely home has so much to offer, including stylish shiplap walls, custom tile showers, extra large bedrooms, a walk in closet with custom shelving, stainless steel appliances, and so much more. You will love the farmhouse feel of this adorable home. In addition to the move in ready upstairs is a basement full of opportunity, with ample storage, room for a workshop, and a portion that could be finished for additional living space. Other features included a new deck, new gutters, a garage, and so much more. Make your appointment to see this awesome home today!

17. 2018-01-22
    historical Contingent 671-char remark

    Show marketing remark (671 chars)

    Sit on your porch over looking a beautifully wooded, completley secluded 5 acres of land in Munford. This lovely home has so much to offer, including stylish shiplap walls, custom tile showers, extra large bedrooms, a walk in closet with custom shelving, stainless steel appliances, and so much more. You will love the farmhouse feel of this adorable home. In addition to the move in ready upstairs is a basement full of opportunity, with ample storage, room for a workshop, and a portion that could be finished for additional living space. Other features included a new deck, new gutters, a garage, and so much more. Make your appointment to see this awesome home today!

18. 2018-01-20
    listed $174,900 Active 671-char remark

    Show marketing remark (671 chars)

    Sit on your porch over looking a beautifully wooded, completley secluded 5 acres of land in Munford. This lovely home has so much to offer, including stylish shiplap walls, custom tile showers, extra large bedrooms, a walk in closet with custom shelving, stainless steel appliances, and so much more. You will love the farmhouse feel of this adorable home. In addition to the move in ready upstairs is a basement full of opportunity, with ample storage, room for a workshop, and a portion that could be finished for additional living space. Other features included a new deck, new gutters, a garage, and so much more. Make your appointment to see this awesome home today!

19. 2015-08-05
    soldstatus $130,000
20. 2015-05-06
    historical
21. 2015-05-04
    listed $109,900
22. 2014-10-24
    soldstatus $70,457

ⓘ 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: $1,340 · $112/mo
• Projected year-2 tax: $1,340 · $112/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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,511
• − Mortgage interest: −$8,682
• − Property taxes: −$1,340
• − Insurance: −$775
• − Repairs & maintenance: −$1,561
• − Management: −$1,561
• − Depreciation: −$4,509
• Taxable income: $1,083
• Est. tax owed @ 24.0%: −$260
• After-tax cash flow: $3,285/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: Talladega County
• NCES district ID: 0103180
• Math proficiency: 15% ▼ -24.00%
• Reading proficiency: 44% ▲ 3.00%
• Median HH income: $37,715
• Composite: 24.5/100
• National rank: #7650
• State rank: #75 of 129 in AL

Livability — Munford

• Score: 62/100
• State rank: #212
• US rank: #16235

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 6,022

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 11% Two or more races 2%
• Common ancestry: Italian 2% Lithuanian 2% Serbian 1%
• Foreign-born: 2%
• Languages at home: 97% English-only · Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.88%
• Current HPI: 243.6068
• 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

+120.0% since first listed

16 events — show timeline

• 2026-04-02 Pending — Greater Alabama MLS
• 2026-03-23 Price Changed $155,000 Greater Alabama MLS
• 2026-02-03 Listed $192,000 Greater Alabama MLS
• 2019-01-22 Sold (Public Records) $193,734 Public Records
• 2019-01-17 Sold (MLS) $188,000 Greater Alabama MLS
• 2018-12-10 Delisted — Greater Alabama MLS
• 2018-10-05 Price Changed $188,900 Greater Alabama MLS
• 2018-09-17 Listed $189,900 Greater Alabama MLS
• 2018-03-01 Sold (Public Records) $176,312 Public Records
• 2018-02-27 Sold (MLS) $176,000 Greater Alabama MLS
• 2018-01-22 Contingent — Greater Alabama MLS
• 2018-01-20 Listed $174,900 Greater Alabama MLS
• 2015-08-05 Sold (MLS) $130,000 Greater Alabama MLS
• 2015-05-06 Delisted — Greater Alabama MLS
• 2015-05-04 Listed $109,900 Greater Alabama MLS
• 2014-10-24 Sold (Public Records) $70,457 Public Records

Property tax history

+10.3%/yr

Latest (2025): $1,340 · -4.0% YoY. Source: county tax records.