311 Main St N · Gordo, AL 35466

$125,000

5 bd · 1.0 ba · 3,770 sqft · SingleFamily public records · 130 Days on market

Built 1900 0.27 ac lot $33/sqft · 39% below area Est $204k · 39% under

---

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 +22.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• Appreciation +6.2/10.0
• 1% rule +5.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0

Listing remarks MLS

Sold As-Is. Property in downtown Gordo offering a great opportunity for investors or flippers. Prime location with strong potential for renovation, rental, or resale. Bring your vision and explore the possibilities. - New Roof in 2025

Key facts

• 0.27 acre lot
• Pool
• Built 1900

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $208 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#124 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A; Watch: health & safety D, schools D-, amenities F.
• Pickens County (rural): math 7% / reading 31% proficiency, ranked #108 of 129 in AL (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 40 active listings in the ZIP; 2 units permitted in Pickens County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($864 loan paydown + $3k appreciation (2.4% local appreciation)).
• Pickens County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $75k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 46% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.07% ✓
• Cap rate: 8.29%
• Cash-on-cash: 7.14%
• DSCR: 1.32
• GRM: 7.8

CMA / ARV

• ARV (median comp): $203,600
• List price: $125,000
• Delta: -38.61%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Projected returns pro-forma

2.4% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.6%
• Equity multiple: 1.70×
• Total profit: $24,412
• Equity at exit: $52,042

10-year hold

• IRR: 15.1%
• Equity multiple: 3.10×
• Total profit: $73,348
• Equity at exit: $77,105

Cash invested: $35,000 (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 35466

• Home prices YoY: 1.1%
• Active inventory: 40
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,337 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$140 /mo · $1,684/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $208

Break-even live

Break-even rent $1,073

Max offer price $125,000

Occupancy floor 79%

Sensitivity live

Price	-10% $279	-5% $244	+0% $208	+5% $173	+10% $137
Rent	-10% $103	-5% $155	+0% $208	+5% $261	+10% $314
Rate	-1.0pp $271	-0.5pp $240	base $208	+0.5pp $176	+1.0pp $143

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $125,000 Active 130 DOM
2. 2026-06-18
   days on market $125,000 Active 129 DOM
3. 2026-06-17
   days on market $125,000 Active 128 DOM
4. 2026-06-16
   days on market $125,000 Active 127 DOM
5. 2026-06-15
   pricedays on market $125,000 Active 126 DOM
6. 2026-06-14
   days on market $159,900 Active 124 DOM
7. 2026-06-12
   days on market $159,900 Active 123 DOM
8. 2026-06-09
   days on market $159,900 Active 120 DOM
9. 2026-06-08
   days on market $159,900 Active 119 DOM
10. 2026-06-07
    days on market $159,900 Active 118 DOM
11. 2026-06-05
    days on market $159,900 Active 115 DOM
12. 2026-06-03
    days on market $159,900 Active 114 DOM
13. 2026-06-02
    days on market $159,900 Active 113 DOM
14. 2026-06-01
    days on market $159,900 Active 112 DOM
15. 2026-05-31
    days on market $159,900 Active 111 DOM
16. 2026-05-30
    days on market $159,900 Active 110 DOM
17. 2026-04-13
    price $159,900 234-char remark

    Show marketing remark (234 chars)

    Sold As-Is. Property in downtown Gordo offering a great opportunity for investors or flippers. Prime location with strong potential for renovation, rental, or resale. Bring your vision and explore the possibilities. - New Roof in 2025

18. 2026-03-12
    price $179,000 234-char remark

    Show marketing remark (234 chars)

    Sold As-Is. Property in downtown Gordo offering a great opportunity for investors or flippers. Prime location with strong potential for renovation, rental, or resale. Bring your vision and explore the possibilities. - New Roof in 2025

19. 2026-02-24
    price $189,900 234-char remark

    Show marketing remark (234 chars)

    Sold As-Is. Property in downtown Gordo offering a great opportunity for investors or flippers. Prime location with strong potential for renovation, rental, or resale. Bring your vision and explore the possibilities. - New Roof in 2025

20. 2026-02-09
    listed $199,900 Active 234-char remark

    Show marketing remark (234 chars)

    Sold As-Is. Property in downtown Gordo offering a great opportunity for investors or flippers. Prime location with strong potential for renovation, rental, or resale. Bring your vision and explore the possibilities. - New Roof in 2025

21. 2021-06-03
    listed $155,000

ⓘ 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: $1,684 · $140/mo
• Projected year-2 tax: $1,684 · $140/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 7/10 Severe 7 d/yr ≥109°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% 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: $16,042
• − Mortgage interest: −$7,002
• − Property taxes: −$1,684
• − Insurance: −$625
• − Repairs & maintenance: −$1,283
• − Management: −$1,283
• − Depreciation: −$3,636
• Taxable income: $528
• Est. tax owed @ 24.0%: −$127
• After-tax cash flow: $2,371/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: Pickens County
• NCES district ID: 0102730
• Math proficiency: 7% ▼ -19.00%
• Reading proficiency: 31% ▼ -7.00%
• Median HH income: $31,043
• Composite: 15.18/100
• National rank: #9342
• State rank: #108 of 129 in AL

Livability — Gordo

• Score: 65/100
• State rank: #124
• US rank: #12767

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Gordo, AL
• Population (ZIP): 5,245

Population outlook (Pickens County) Hauer SSP2

• Today (2025): 23,794 people
• By 2030: 25,224 · +6.0%
• By 2040: 27,833 · +17.0%
• By 2050: 30,077 · +26.4%
• By 2075: 34,120 · +43.4%
• By 2100: 35,388 · +48.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 15% Hispanic / Latino 6% Two or more races 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Serbian 1% Slovak 1% Italian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 6%

Political lean MEDSL · Pickens

• 2024 margin: Strong R (+23.3) · D 38.1% · R 61.4%
• 2008→2024 swing: -15.0pp toward R · 2008: -8.3pp · 2024: -23.3pp
• All cycles: 2024: R+23.3 2020: R+16.3 2016: R+15.6 2012: R+7.0 2008: R+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.40%
• Current HPI: 227.8946
• 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

+3.2% since first listed

5 events — show timeline

• 2026-04-13 Price Changed $159,900 WAMLS
• 2026-03-12 Price Changed $179,000 WAMLS
• 2026-02-24 Price Changed $189,900 WAMLS
• 2026-02-09 Listed $199,900 WAMLS
• 2021-06-03 Listed $155,000 WAMLS

Property tax history

+3.6%/yr

Latest (2025): $1,684 · +0.0% YoY. Source: county tax records.