3606 24th Ave · Valley, AL 36854

$89,000

2 bd · 1.0 ba · 929 sqft · SingleFamily public records · 127 Days on market

Built 2000 Fair condition 0.34 ac lot $96/sqft · 37% below area Est $140k · 36% under ↓ 6% since listing

---

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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss this great deal in a peaceful neighborhood right in the heart of Shawmut. This cozy home offers two bedrooms, one full bath, an open layout, and updated appliances. Stylish LVP flooring runs throughout for a fresh, modern touch. Act fast—call today to set up your showing! Home is being sold “AS IS.

Key facts

• Updated appliances
• Open layout
• Lvp flooring

Tags

• OPEN LAYOUT
• UPDATED APPLIANCES
• LVP FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $89k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $420 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $89k).
• Recommended offer: $78k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.0% vs local median 2.6% in Valley — 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 (#96 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime F, amenities F, commute F.
• Chambers County (town): math 10% / reading 37% proficiency, ranked #101 of 129 in AL (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Bob Hardingshawmut Elementary (241 students, 45% FRL); W F Burns Middle School (math 7% / reading 37%, grade F, #182 of 257 statewide, top 71%, 528 students, 62% FRL); Valley High School (math 12% / reading 17%, grade F, #220 of 305 statewide, top 77%, 642 students, 28% FRL) — zoned schools average 45% FRL vs 63% district-wide (18 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 199 active listings in the ZIP; 43 units permitted in Chambers County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $615 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Chambers County population projected to shrink 7% 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 $25k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 127 days — a 12% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $20k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% 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 $78,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 days. Have you received any prior offers? Is the seller open to a 12% 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. 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 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?
6. 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?
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: 1.34% ✓
• Cap rate: 11.95%
• Cash-on-cash: 20.22%
• DSCR: 1.90
• GRM: 6.2

CMA / ARV

• ARV (median comp): $139,900
• List price: $89,000
• Delta: -36.38%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2408 37th St	0.10mi	1/1.0 (-1)	924 (-0%)	14mo	$119,900	$130	78
3305 15th Ave	0.83mi	2/1.0	956 (+3%)	1mo	$149,900	$157	59
2411 35th St	0.21mi	2/1.0	1,039 (+12%)	19mo	$113,000	$109	55
3013 22nd Ave	0.51mi	2/2.0	985 (+6%)	13mo	$158,000	$160	52
1909 26th St	0.94mi	2/1.0	832 (-10%)	0mo	$139,900	$168	47
2404 36th St	0.10mi	1/1.0 (-1)	750 (-19%)	22mo	$95,000	$127	47
3100 16th Ave	0.90mi	2/1.0	876 (-6%)	21mo	$135,000	$154	38
1814 30th St	0.70mi	2/2.0	1,028 (+11%)	9mo	$159,900	$156	38
5206 23rd Blvd	1.10mi	2/1.0	974 (+5%)	24mo	$140,000	$144	37
1712 31st St	0.77mi	2/1.5	1,096 (+18%)	5mo	$160,000	$146	34
1707 30th St	0.86mi	2/1.0	850 (-8%)	24mo	$43,000	$51	31
2011 29th Blvd	0.71mi	2/1.0	1,100 (+18%)	22mo	$146,000	$133	24

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: 12.4%
• Equity multiple: 1.49×
• Total profit: $12,285
• Equity at exit: $13,270

10-year hold

• IRR: 21.3%
• Equity multiple: 2.81×
• Total profit: $44,983
• Equity at exit: $7,695

Cash invested: $24,920 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 1 active · 3 under contract
• Months of supply: 2.0 mo (50%/mo absorbed)
• Median asking: $129,900 ($141/sqft)
• Median days on market: 62 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +7.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 36854

• Active inventory: 199
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,196 medium
• Mortgage (P&I): −$467
• Tax from tax record: −$22 /mo · $258/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$251
• Net cashflow: $420

Break-even live

Break-even rent $665

Max offer price $89,000

Occupancy floor 60%

Sensitivity live

Price	-10% $470	-5% $445	+0% $420	+5% $395	+10% $370
Rent	-10% $325	-5% $373	+0% $420	+5% $467	+10% $514
Rate	-1.0pp $465	-0.5pp $443	base $420	+0.5pp $397	+1.0pp $373

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: $22,250
• Closing costs: $2,670
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• HOA & community: No HOANo association fees

Exterior

• Parking: Off-street parking
• Utilities: Public waterPublic sewerElectricity availableNatural gas availableHigh-speed internet availableCable available
• Home design: Single-family houseResidential resaleBuilt in 2000Facing information not provided
• Construction: Vinyl sidingComposition roofBuilt in 2000
• Exterior features: Level lotPark nearbyWithin walking distance to schoolsNear shopping

Interior

• Kitchen: DishwasherRefrigerator
• Bedrooms: Two bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Natural gas heatingCentral air conditioning
• Interior features: One-level layoutOther interior features
• Laundry & utility: Laundry closet

Listing history 50 events

1. 2026-08-08
   days on market $89,000 Active 127 DOM
2. 2026-08-07
   days on market $89,000 Active 126 DOM
3. 2026-08-06
   days on market $89,000 Active 125 DOM
4. 2026-08-05
   days on market $89,000 Active 124 DOM
5. 2026-08-04
   days on market $89,000 Active 123 DOM
6. 2026-08-03
   days on market $89,000 Active 122 DOM
7. 2026-07-31
   days on market $89,000 Active 119 DOM
8. 2026-07-30
   days on market $89,000 Active 118 DOM
9. 2026-07-29
   days on market $89,000 Active 117 DOM
10. 2026-07-27
    days on market $89,000 Active 115 DOM
11. 2026-07-25
    days on market $89,000 Active 113 DOM
12. 2026-07-24
    days on market $89,000 Active 112 DOM
13. 2026-07-23
    days on market $89,000 Active 111 DOM
14. 2026-07-22
    days on market $89,000 Active 110 DOM
15. 2026-07-21
    days on market $89,000 Active 109 DOM
16. 2026-07-18
    days on market $89,000 Active 106 DOM
17. 2026-07-16
    days on market $89,000 Active 104 DOM
18. 2026-07-16
    days on market $89,000 Active 103 DOM
19. 2026-07-14
    days on market $89,000 Active 102 DOM
20. 2026-07-13
    days on market $89,000 Active 101 DOM
21. 2026-07-12
    days on market $89,000 Active 100 DOM
22. 2026-07-11
    days on market $89,000 Active 99 DOM
23. 2026-07-10
    days on market $89,000 Active 98 DOM
24. 2026-07-09
    days on market $89,000 Active 97 DOM
25. 2026-07-08
    days on market $89,000 Active 96 DOM
26. 2026-07-07
    days on market $89,000 Active 95 DOM
27. 2026-07-06
    days on market $89,000 Active 94 DOM
28. 2026-07-05
    statusdays on market $89,000 Active 93 DOM
29. 2026-07-04
    days on market $89,000 Price Change 92 DOM
30. 2026-07-03
    days on market $89,000 Price Change 91 DOM
31. 2026-07-02
    pricestatusdays on market $89,000 Price Change 90 DOM

    Show marketing remark (336 chars)

    Don’t miss this great deal in a peaceful neighborhood right in the heart of Shawmut. This cozy home offers two bedrooms, one full bath, an open layout, and updated appliances. Stylish LVP flooring runs throughout for a fresh, modern touch. Act fast—call today to set up your showing! Home is being sold “AS IS. ”

32. 2026-07-01
    days on market $109,000 Active 89 DOM
33. 2026-06-30
    days on market $109,000 Active 88 DOM
34. 2026-06-29
    days on market $109,000 Active 87 DOM
35. 2026-06-28
    days on market $109,000 Active 86 DOM
36. 2026-06-28
    days on market $109,000 Active 85 DOM
37. 2026-06-27
    days on market $109,000 Active 84 DOM
38. 2026-06-26
    days on market $109,000 Active 83 DOM
39. 2026-06-22
    days on market $109,000 Active 80 DOM
40. 2026-06-21
    days on market $109,000 Active 79 DOM
41. 2026-06-19
    days on market $109,000 Active 77 DOM
42. 2026-06-18
    days on market $109,000 Active 76 DOM
43. 2026-06-17
    days on market $109,000 Active 75 DOM
44. 2026-06-16
    days on market $109,000 Active 74 DOM
45. 2026-06-15
    days on market $109,000 Active 73 DOM
46. 2026-06-14
    days on market $109,000 Active 71 DOM
47. 2026-06-12
    days on market $109,000 Active 70 DOM
48. 2026-06-09
    days on market $109,000 Active 67 DOM
49. 2026-06-08
    days on market $109,000 Active 66 DOM
50. 2026-06-07
    days on market $109,000 Active 65 DOM

ⓘ 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: $258 · $22/mo
• Projected year-2 tax: $365 · $30/mo
• Expected delta: +$107/yr (+$9/mo · 41.2%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,358
• − Mortgage interest: −$4,985
• − Property taxes: −$258
• − Insurance: −$445
• − Repairs & maintenance: −$1,149
• − Management: −$1,149
• − Depreciation: −$2,589
• Taxable income: $3,783
• Est. tax owed @ 24.0%: −$908
• After-tax cash flow: $4,131/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 · 9 photos

Fair 45/100 Moderate rehab Est. rehab $23,225–$41,805 screening

This single-family home requires moderate renovations to address structural issues and improve aesthetics, significantly increasing its resale and rental value.

Components & finishes AI

Roof asphalt shingle · good Flooring wood Appliances stainless steel

Deferred maintenance Est. $1,500–$6,000 screening

• Minor Roof (roof) — No visible signs of damage or wear on the roof.
• Minor Windows (windows) — No visible signs of damage or wear on the windows.
• Minor Electrical (electrical) — No visible signs of damage or wear on the electrical system.

Repairs flagged

• Major Exposed subfloor in kitchen and bathrooms — Structural damage and safety hazard
• Major Missing cabinets and fixtures — Aesthetics and functionality compromised
• Moderate Weathered siding — Reduces curb appeal and may indicate underlying structural issues

Value-add opportunities

• Both Replace missing cabinets and fixtures — Improves aesthetics and functionality, attracting buyers and renters ↑
• Both Paint touch-ups — Enhances curb appeal and interior aesthetics, attracting buyers and renters ↑
• Both Replace exposed subfloor — Ensures structural integrity and safety, attracting buyers and renters ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 18/100

Zoned Schools

Elementary Bob Hardingshawmut Elementary Middle W F Burns Middle School F AL #182/257 Nat'l #11,208/14,009 High Valley High School F AL #220/305 Nat'l #15,534/17,239

Schools (NCES district)

• District: Chambers County
• NCES district ID: 0100600
• Math proficiency: 10% ▼ -26.00%
• Reading proficiency: 37% ▼ -1.00%
• Median HH income: $36,011
• Composite: 19.37/100
• National rank: #8785
• State rank: #101 of 129 in AL

C Composite livability gradescore 66/100

Livability — Valley

• Score: 66/100
• State rank: #96
• US rank: #11347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Valley, AL
• County: Chambers · 33,868 people
• Population (ZIP): 15,913
• Household income: $60,385
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 9% of renters

---

Population outlook (Chambers County) Hauer SSP2

• Today (2025): 33,868 people
• By 2030: 33,504 · -1.1%
• By 2040: 32,594 · -3.8%
• By 2050: 31,422 · -7.2%
• By 2075: 29,054 · -14.2%
• By 2100: 25,431 · -24.9%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 28% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Korean 1%

---

Political lean MEDSL · Chambers

• 2024 margin: Strong R (+23.2) · D 38.0% · R 61.2%
• 2008→2024 swing: -14.8pp toward R · 2008: -8.5pp · 2024: -23.2pp
• All cycles: 2024: R+23.2 2020: R+15.6 2016: R+14.8 2012: R+5.1 2008: R+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.05%
• Current HPI: 186.0298
• 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

Property features AI

Finance

• HOA & community: No HOANo association fees

Exterior

• Parking: Off-street parking
• Utilities: Public waterPublic sewerElectricity availableNatural gas availableHigh-speed internet availableCable available
• Home design: Single-family houseResidential resaleBuilt in 2000Facing information not provided
• Construction: Vinyl sidingComposition roofBuilt in 2000
• Exterior features: Level lotPark nearbyWithin walking distance to schoolsNear shopping

Interior

• Kitchen: DishwasherRefrigerator
• Bedrooms: Two bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Natural gas heatingCentral air conditioning
• Interior features: One-level layoutOther interior features
• Laundry & utility: Laundry closet

Price history

-6.3% since first listed

13 events — show timeline

• 2026-07-02 Price Changed $89,000 EABOR
• 2026-07-02 Price Changed $89,000 LCMLS
• 2026-07-02 Price Changed $89,000 GAMLS
• 2026-03-31 Listed $109,000 LCMLS
• 2026-03-31 Listed $109,000 EABOR
• 2026-03-20 Listed $109,000 GAMLS
• 2023-06-23 Sold (Public Records) $102,000 Public Records
• 2023-06-22 Sold (MLS) $102,000 GAMLS
• 2023-06-22 Sold (MLS) $102,000 LCMLS
• 2023-04-25 Pending — LCMLS
• 2023-04-25 Pending — GAMLS
• 2023-04-21 Listed $95,000 LCMLS
• 2023-04-19 Listed $95,000 GAMLS

Property tax history

-4.5%/yr

Latest (2025): $258 · +9.0% YoY. Source: county tax records.