818 Bayshore Ave · Dothan, AL 36303

$24,900

3 bd · 1.5 ba · 1,152 sqft · SingleFamily public records · 4 Days on market

Built 1950 5,998 sqft lot

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor Special in Dothan! Opportunity is knocking with this 3-bedroom, 1.5-bath home that's ready to become your next investment property. Conveniently located within walking distance to the Andrew Belle Community Center and ball fields, this property offers strong rental potential in a location close to everything Dothan has to offer. The current tenant will be moving out at the end of June, giving you time to plan renovations and updates before placing your next tenant. Major items already offer peace of mind, including an HVAC system that's only 4 years old and a roof that appears to be in good condition. Outside, you'll find a spacious yard shaded by a beautiful mature pecan tree &mda

Key facts

• Spacious yard
• Mature pecan tree
• 5,998 sq ft lot

Tags

• STRONG RENTAL POTENTIAL
• SPACIOUS YARD
• MATURE PECAN TREE
• HVAC SYSTEM 4 YEARS OLD
• ROOF IN GOOD CONDITION

Property features AI

Exterior

• Parking: No designated parking
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family residence; One level
• Construction: Vinyl siding
• Exterior features: Covered patio/porch; Deck; Patio; City lot (approx. 0.1377 acres, 50 x 120 x 50 x 120)

Interior

• Kitchen: Electric range
• Flooring: Vinyl flooring
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Hot water heating; Heat pump (heating and cooling)
• Interior features: Electric range; Electric water heater
• Laundry & utility: Electric water heater

🏷️ Possibly a rental listed for sale. The $24,900 price doesn't fit this home's estimated sale value (~$57,600) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Cap rate 55.3% vs local median 4.4% 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: Faine Elementary School (math 2% / reading 12%, grade F, #601 of 627 statewide, top 98%, 413 students, 97% FRL); Dothan Preparatory Academy (math 12% / reading 38%, grade F, #163 of 257 statewide, top 64%, 1,133 students, 78% FRL); Dothan High School (math 16% / reading 24%, grade F, #163 of 305 statewide, top 54%, 1,454 students, 70% FRL) — zoned schools average 81% FRL vs 59% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 234 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 45d 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).
• This rent runs 33% of the median local income ($54k/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 $172 of loan paydown is wiped out by about $747 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• 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 $24,900

Questions for the listing agent

1. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
5. 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?
6. 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.
7. 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.
8. 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: 5.98% ✓
• Cap rate: 55.35%
• Cash-on-cash: 175.19%
• DSCR: 8.80
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $57,600
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
719 Price St	0.16mi	3/1.0	1,130 (-2%)	5mo	$52,500	$46	84
717 Price St	0.16mi	2/1.0 (-1)	1,141 (-1%)	5mo	$52,500	$46	80
1103 E Newton St	0.30mi	3/1.5	1,104 (-4%)	11mo	$80,500	$73	70
303 Beulah St	0.40mi	3/1.5	1,092 (-5%)	4mo	$54,000	$49	69
206 Adkins Ct	0.14mi	3/1.0	1,209 (+5%)	19mo	$95,000	$79	67
2266 Lake St	0.60mi	4/1.5 (+1)	1,164 (+1%)	3mo	$108,000	$93	63
606 E Newton St	0.52mi	3/1.0	1,132 (-2%)	13mo	$28,000	$25	60
908 Wendell Ave	0.47mi	3/1.0	1,207 (+5%)	14mo	$60,000	$50	57
507 Beulah St	0.49mi	3/1.0	1,100 (-4%)	13mo	$35,000	$32	56
1119 Meharis Cir	0.35mi	4/2.0 (+1)	1,310 (+14%)	1mo	$115,000	$88	53
1106 N Cherry St	0.59mi	3/1.5	1,212 (+5%)	16mo	$54,000	$45	50
307 Mallon St	0.46mi	2/1.0 (-1)	1,040 (-10%)	8mo	$64,000	$62	49

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: —
• Equity multiple: 9.72×
• Total profit: $60,807
• Equity at exit: $3,713

10-year hold

• IRR: —
• Equity multiple: 20.58×
• Total profit: $136,482
• Equity at exit: $2,153

Cash invested: $6,972 (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 36303

• Active inventory: 234
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $1,488 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$17 /mo · $203/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $1,018

Break-even live

Break-even rent $200

Max offer price $24,900

Occupancy floor 27%

Sensitivity live

Price	-10% $1,032	-5% $1,025	+0% $1,018	+5% $1,011	+10% $1,004
Rent	-10% $900	-5% $959	+0% $1,018	+5% $1,077	+10% $1,135
Rate	-1.0pp $1,030	-0.5pp $1,024	base $1,018	+0.5pp $1,011	+1.0pp $1,005

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: $6,225
• Closing costs: $747
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
193 S Saint Andrews St Dothan, AL	2.0	2.0	1100	$2,100	$1.91	44d	1	0.95mi
806 S Ussery St Dothan, AL	3.0	1.0	934	$895	$0.96	44d	1	1.25mi
310 W Lafayette St Dothan, AL	3.0	1.0	1459	$995	$0.68	44d	1	1.31mi

Listing history 6 events

1. 2026-06-03
   statusdays on marketlisting id $24,900 Pending 4 DOM
2. 2026-06-02
   days on market $24,900 Active 3 DOM
3. 2026-06-01
   days on market $24,900 Active 2 DOM
4. 2026-05-30
   remarks 699-char remark
5. 2026-05-30
   listing id $24,900 Active 1 DOM
6. 2026-05-29
   listed $24,900 Active

ⓘ 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: $203 · $17/mo
• Projected year-2 tax: $203 · $17/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 3/10 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: $17,859
• − Mortgage interest: −$1,395
• − Property taxes: −$203
• − Insurance: −$124
• − Repairs & maintenance: −$1,429
• − Management: −$1,429
• − Depreciation: −$724
• Taxable income: $12,555
• Est. tax owed @ 24.0%: −$3,013
• After-tax cash flow: $9,201/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: 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

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 County · 47,783 people
• City population: 47,783
• Metro: Dothan, AL
• Population (ZIP): 30,173
• Household income: $54,147
• Rent vs Own: 41.3% rent · 58.7% own
• Severe rent burden: 1156.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: White 50% Black 41% Two or more races 5% Hispanic / Latino 4% Asian 1%
• Common ancestry: Italian 2% Slovak 2% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3%

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: ▼ -121.35%
• Current HPI: 182.6482
• Rent YoY: —
• Metro: Dothan, 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

1 event — show timeline

• 2026-05-29 Listed $24,900 WBR

Property tax history

+5.0%/yr

Latest (2025): $203 · +2.9% YoY. Source: county tax records.