236 Bartlett Loop · Headland, AL 36345

$108,500

3 bd · 2.0 ba · 1,586 sqft · Manufactured · 71 Days on market

Built 1997 Good condition 0.51 ac lot $68/sqft · 54% below area ↓ 8% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.3/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Three bedroom, two bath doublewide is ready for a family to move rght in! Newly remodeled and updated. Spacious kitchen with loads of cbinets and a pantry. Primary suite has an additonal room for sitting, office, library, or a nursery. Breakfast nook, as well as a seperate dining area. Individual zoning heat and cool units.

Key facts

• Pantry
• Loads of cabinets
• Spacious kitchen

Tags

• DOUBLEWIDE
• NEWLY REMODELED
• SPACIOUS KITCHEN
• LOADS OF CABINETS
• PANTRY
• PRIMARY SUITE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $108k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $738 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $108k).
• Recommended offer: $102k (6.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 3.8% in Headland — 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 66/100 on livability (#101 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D, schools D-, amenities F.
• Henry County (rural): math 21% / reading 45% proficiency, ranked #55 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 172 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 71 units permitted in Henry County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $750 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Henry County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $30k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($102k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $101,990 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% 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. 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.
6. 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.
7. 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: 1.74% ✓
• Cap rate: 14.46%
• Cash-on-cash: 29.15%
• DSCR: 2.30
• GRM: 4.8

CMA / ARV

• ARV (median comp): $234,465
• List price: $108,500
• Delta: -53.72%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
609 Bartlett Loop	0.19mi	3/2.0	1,568 (-1%)	2mo	$75,000	$48	88
172 Hazel Dr	0.23mi	3/2.0	1,579 (-0%)	4mo	$120,000	$76	86
133 Peach Dr	0.15mi	3/2.0	1,440 (-9%)	8mo	$132,000	$92	71
206 Bradford Dr	0.26mi	3/2.0	1,673 (+6%)	9mo	$115,000	$69	71
445 Bartlett Loop	0.12mi	3/2.0	1,792 (+13%)	2mo	$121,900	$68	71
445 Bartlett Loop	0.12mi	3/2.0	1,792 (+13%)	2mo	$121,900	$68	71
309 Cherry Dr	0.07mi	3/2.0	1,800 (+14%)	12mo	$172,000	$96	64
231 Bradford Cir	0.25mi	3/2.0	1,356 (-14%)	13mo	$113,000	$83	53

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: 23.6%
• Equity multiple: 1.97×
• Total profit: $29,457
• Equity at exit: $16,178

10-year hold

• IRR: 31.5%
• Equity multiple: 3.84×
• Total profit: $86,300
• Equity at exit: $9,381

Cash invested: $30,380 (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 36345

• Home prices YoY: -16.0%
• Active inventory: 172
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,883 medium
• Mortgage (P&I): −$569
• Tax est. 1.5%: −$136 /mo · $1,628/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $738

Break-even live

Break-even rent $949

Max offer price $108,500

Occupancy floor 56%

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: $27,125
• Closing costs: $3,255
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
121 Tanglewood Dr Headland, AL	3.0	2.0	1624	$1,800	$1.11	43d	1	0.74mi
124 Tanglewood Dr Headland, AL	3.0	2.0	1487	$1,975	$1.33	43d	1	0.78mi

Listing history 19 events

1. 2026-06-19
   days on market $108,500 Active 71 DOM
2. 2026-06-18
   days on market $108,500 Active 70 DOM
3. 2026-06-17
   days on market $108,500 Active 69 DOM
4. 2026-06-16
   days on market $108,500 Active 68 DOM
5. 2026-06-15
   days on market $108,500 Active 67 DOM
6. 2026-06-14
   days on market $108,500 Active 65 DOM
7. 2026-06-12
   days on market $108,500 Active 64 DOM
8. 2026-06-09
   days on market $108,500 Active 61 DOM
9. 2026-06-08
   days on market $108,500 Active 60 DOM
10. 2026-06-07
    days on market $108,500 Active 59 DOM
11. 2026-06-03
    days on market $108,500 Active 55 DOM
12. 2026-06-02
    days on market $108,500 Active 54 DOM
13. 2026-06-01
    days on market $108,500 Active 53 DOM
14. 2026-05-31
    days on market $108,500 Active 52 DOM
15. 2026-05-30
    days on market $108,500 Active 51 DOM
16. 2026-05-06
    price $108,500 325-char remark

    Show marketing remark (325 chars)

    Three bedroom, two bath doublewide is ready for a family to move rght in! Newly remodeled and updated. Spacious kitchen with loads of cbinets and a pantry. Primary suite has an additonal room for sitting, office, library, or a nursery. Breakfast nook, as well as a seperate dining area. Individual zoning heat and cool units.

17. 2026-05-05
    price $108,500 325-char remark

    Show marketing remark (325 chars)

    Three bedroom, two bath doublewide is ready for a family to move rght in! Newly remodeled and updated. Spacious kitchen with loads of cbinets and a pantry. Primary suite has an additonal room for sitting, office, library, or a nursery. Breakfast nook, as well as a seperate dining area. Individual zoning heat and cool units.

18. 2026-04-09
    listed $118,500 Active 325-char remark

    Show marketing remark (325 chars)

    Three bedroom, two bath doublewide is ready for a family to move rght in! Newly remodeled and updated. Spacious kitchen with loads of cbinets and a pantry. Primary suite has an additonal room for sitting, office, library, or a nursery. Breakfast nook, as well as a seperate dining area. Individual zoning heat and cool units.

19. 2026-04-08
    listed $118,500 Active 325-char remark

    Show marketing remark (325 chars)

    Three bedroom, two bath doublewide is ready for a family to move rght in! Newly remodeled and updated. Spacious kitchen with loads of cbinets and a pantry. Primary suite has an additonal room for sitting, office, library, or a nursery. Breakfast nook, as well as a seperate dining area. Individual zoning heat and cool units.

ⓘ 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 ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,601
• − Mortgage interest: −$6,078
• − Property taxes: −$1,628
• − Insurance: −$542
• − Repairs & maintenance: −$1,808
• − Management: −$1,808
• − Depreciation: −$3,156
• Taxable income: $7,581
• Est. tax owed @ 24.0%: −$1,819
• After-tax cash flow: $7,038/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 · 1 photo

Good 80/100 Cosmetic rehab

This doublewide home is ready for a family to move in and is newly remodeled and updated. It offers a spacious kitchen, two bathrooms, and individual zoning heat and cool units. The home is in good condition with minimal maintenance required, making it an attractive option for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics.
• Both Landscaping and adding curb appeal features — Improved landscaping can increase both resale and rental value.
• Resale Upgrading kitchen appliances — Modern appliances can attract more buyers and renters.
• Resale Upgrading bathrooms with modern fixtures — Modern bathrooms can attract more buyers and renters.
• Both Adding a small patio or deck — Outdoor living space can increase both resale and rental value.
• Both Upgrading HVAC systems — Modern HVAC systems can improve comfort and energy efficiency, attracting more buyers and renters.
• Both Adding a small shed or storage unit — Additional storage can be attractive to buyers and renters, especially in a rural setting.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping and adding curb appeal features — Improved landscaping can increase both resale and rental value. ↑
• Resale Upgrading kitchen appliances — Modern appliances can attract more buyers and renters. ↑
• Resale Upgrading bathrooms with modern fixtures — Modern bathrooms can attract more buyers and renters. ↑
• Both Adding a small patio or deck — Outdoor living space can increase both resale and rental value. ↑
• Both Upgrading HVAC systems — Modern HVAC systems can improve comfort and energy efficiency, attracting more buyers and renters. ↑
• Both Adding a small shed or storage unit — Additional storage can be attractive to buyers and renters, especially in a rural setting. ↑

ⓘ 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: Henry County
• NCES district ID: 0101740
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 45% ▲ 3.00%
• Median HH income: $41,502
• Composite: 27.78/100
• National rank: #6894
• State rank: #55 of 129 in AL

Livability — Headland

• Score: 66/100
• State rank: #101
• US rank: #11540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 8,838
• Population (ZIP): 8,838

Population outlook (Henry County) Hauer SSP2

• Today (2025): 17,109 people
• By 2030: 16,928 · -1.1%
• By 2040: 16,376 · -4.3%
• By 2050: 15,778 · -7.8%
• By 2075: 14,491 · -15.3%
• By 2100: 12,673 · -25.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 16% Two or more races 2% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 2% Iranian 1% Romanian 1%
• Foreign-born: 1% · Vietnam

Political lean MEDSL · Henry

• 2024 margin: Solid R (+50.8) · D 24.3% · R 75.1%
• 2008→2024 swing: -21.1pp toward R · 2008: -29.7pp · 2024: -50.8pp
• All cycles: 2024: R+50.8 2020: R+43.0 2016: R+41.6 2012: R+29.4 2008: R+29.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.45%
• Current HPI: 213.0749
• 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

-8.4% since first listed

4 events — show timeline

• 2026-05-06 Price Changed $108,500 SAMLS
• 2026-05-05 Price Changed $108,500 WBR
• 2026-04-09 Listed $118,500 SAMLS
• 2026-04-08 Listed $118,500 WBR