14202 Highway 11 N · Red Bay, AL 35582

$119,000

2 bd · 1.0 ba · 2,436 sqft · SingleFamily public records · 186 Days on market

Built 1992 15 ac lot $49/sqft · 27% below area Est $151k · 21% under ↓ 33% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +12.4/30.0
• Appreciation +5.0/10.0
• DSCR +3.7/10.0
• 1% rule +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0

Listing remarks MLS

Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

Key facts

• Large sunroom
• Carport
• 15 plus acres

Tags

• 15 PLUS ACRES
• LARGE SUNROOM
• DETACHED GARAGE
• CARPORT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $-20 ($-245/yr) — negative.
• To cash-flow at today's rent, offer at most $116k (2.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $102k (14.7% below list).
• Recommended offer: $102k (14.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 63/100 on livability (#194 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: schools D, amenities F, commute F.
• Franklin County (rural): math 17% / reading 36% proficiency, ranked #84 of 129 in AL (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 24 active listings in the ZIP; 15 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $813 of equity ($823 loan paydown + $-10 appreciation (-0.0% local appreciation)).

Negotiation context

• It's been on market 186 days — a 12% lower offer ($105k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 23% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,514 (14.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.85% ✗
• Cap rate: 6.09%
• Cash-on-cash: -0.74%
• DSCR: 0.97
• GRM: 9.8

CMA / ARV

• ARV (median comp): $151,450
• List price: $119,000
• Delta: -21.43%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
14202 Highway 11 N	0.00mi	2/2.0	2,261 (-7%)	0mo	$132,900	$59	84

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

Projected returns pro-forma

-0.01% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.1%
• Equity multiple: 0.86×
• Total profit: $-4,815
• Equity at exit: $34,502

10-year hold

• IRR: 2.7%
• Equity multiple: 1.29×
• Total profit: $9,751
• Equity at exit: $41,432

Cash invested: $33,320 (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 35582

• Home prices YoY: -0.0%
• Active inventory: 24
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $1,015 medium
• Mortgage (P&I): −$624
• Tax est. 1.5%: −$149 /mo · $1,785/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $-20

Break-even live

Break-even rent $1,041

Max offer price $116,045

Occupancy floor 97%

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-04
   status Pending 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

2. 2026-02-26
   price $119,000 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

3. 2026-01-29
   price $127,000 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

4. 2026-01-06
   price $123,300 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

5. 2025-12-30
   price $129,900 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

6. 2025-12-26
   price $160,200 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

7. 2025-11-26
   price $169,100 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

8. 2025-10-29
   listed $178,000 Active 589-char remark

   Show marketing remark (589 chars)

   Here is the opportunity you've waited for. .to live on 15 plus acres in a peaceful setting! Two bedroom, two bathrooms with large sunroom. There is some standing water in the unfinished basement. Lots of driveway and parking. Detached garage and a carport too. Hurry to take a look! RESERVE AUCTION PROPERTY- Property sold “AS-IS” without contingencies, repairs, warranties, guarantees or representation as to listing accuracy, property information, photo or other depiction included or described herein. Inspect before bidding. Subject to right of redemption expiring 4/25/26.

ⓘ 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 5/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,182
• − Mortgage interest: −$6,666
• − Property taxes: −$1,785
• − Insurance: −$595
• − Repairs & maintenance: −$975
• − Management: −$975
• − Depreciation: −$3,462
• Taxable loss: −$2,275
• Est. tax savings @ 24.0%: +$546
• After-tax cash flow: $301/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: Franklin County
• NCES district ID: 0101590
• Math proficiency: 17% ▼ -21.00%
• Reading proficiency: 36% ▼ -1.00%
• Median HH income: $37,979
• Composite: 22.08/100
• National rank: #8187
• State rank: #84 of 129 in AL

Livability — Red Bay

• Score: 63/100
• State rank: #194
• US rank: #15693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,507

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 31,545 people
• By 2030: 31,335 · -0.7%
• By 2040: 30,983 · -1.8%
• By 2050: 30,744 · -2.5%
• By 2075: 30,173 · -4.3%
• By 2100: 29,478 · -6.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 7% Two or more races 2%
• Common ancestry: Slovak 4% Italian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+73.3) · D 13.0% · R 86.2%
• 2008→2024 swing: -34.1pp toward R · 2008: -39.2pp · 2024: -73.3pp
• All cycles: 2024: R+73.3 2020: R+65.9 2016: R+60.8 2012: R+40.5 2008: R+39.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▬ -0.01%
• Current HPI: 172.2008
• 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

-33.1% since first listed

8 events — show timeline

• 2026-05-04 Pending — WAMLS
• 2026-02-26 Price Changed $119,000 WAMLS
• 2026-01-29 Price Changed $127,000 WAMLS
• 2026-01-06 Price Changed $123,300 WAMLS
• 2025-12-30 Price Changed $129,900 WAMLS
• 2025-12-26 Price Changed $160,200 WAMLS
• 2025-11-26 Price Changed $169,100 WAMLS
• 2025-10-29 Listed $178,000 WAMLS

Property tax history

+2.5%/yr

Latest (2025): $1 · +0.0% YoY. Source: county tax records.