508 S Ouida St · Enterprise, AL 36330

$199,999

3 bd · 1.0 ba · 1,840 sqft · SingleFamily public records · 147 Days on market

Built 1979 0.42 ac lot $109/sqft · 9% above area Est $210k · at est.

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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).

• Cash flow +16.9/30.0
• ARV discount +9.6/15.0
• DSCR +5.3/10.0
• Schools +4.3/10.0
• Rent growth +3.5/5.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This well-maintained home offers comfortable living spaces and thoughtful features throughout. The kitchen includes a breakfast area and is accented with attractive oak cabinetry, tile countertops, and a ceramic tile backsplash. Appliances include a microwave and electric smooth-top range. The living room provides a generous space for relaxing or entertaining guests and could easily serve as a formal dining area if desired. The enclosed garage adds valuable square footage and is currently used as a spacious den or game room—perfect for gatherings, hobbies, or additional living space. The laundry room offers ample room for a washer, dryer, and even a freezer. Multiple doors open to a covered patio, creating an inviting outdoor space for relaxing or entertaining. The fully fenced yard includes a convenient double gate with access to the front yard. All three bedrooms and two bathrooms are located down the hall. The main bedroom features an en-suite bathroom, while the hall bath services the remaining two bedrooms.

Key facts

• Oak cabinetry
• Enclosed garage
• Covered patio

Tags

• BREAKFAST AREA
• OAK CABINETRY
• CERAMIC TILE BACKSPLASH
• ENCLOSED GARAGE
• COVERED PATIO
• FULLY FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (17.6% below list).
• Recommended offer: $165k (17.6% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.2% in Enterprise — 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 65/100 on livability (#127 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D, crime F, amenities F.
• Enterprise City (town): math 40% / reading 60% proficiency, ranked #12 of 129 in AL (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.9%/yr); 441 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 137 units permitted in Coffee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y ago; this cycle's ask has dropped $20k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $88k; list at $200k implies a 129% gain — meaningful room to come down on a strong offer.

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 $164,890 (17.6% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1979 — 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. 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?
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: 0.82% ✗
• Cap rate: 7.08%
• Cash-on-cash: 2.81%
• DSCR: 1.13
• GRM: 10.1

CMA / ARV

• ARV (median comp): $209,794
• List price: $199,999
• Delta: -4.67%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
307 Douglas Brown Cir	0.21mi	3/2.0	1,798 (-2%)	13mo	$234,900	$131	72
100 Auburn Dr	0.32mi	3/2.0	1,710 (-7%)	1mo	$233,000	$136	69
305 Averett Ave	0.52mi	3/2.0	1,836 (-0%)	13mo	$255,000	$139	60
202 Whispering Pines St	0.46mi	3/2.0	1,898 (+3%)	13mo	$205,000	$108	58
100 Comet St	0.56mi	3/2.5	1,785 (-3%)	7mo	$178,000	$100	57
102 Mccormick St	0.50mi	4/2.0 (+1)	1,760 (-4%)	4mo	$87,500	$50	57
203 Douglas Brown Cir	0.34mi	4/3.0 (+1)	1,774 (-4%)	10mo	$200,000	$113	56
301 Access Dr	0.68mi	3/2.0	1,757 (-4%)	4mo	$169,000	$96	54
808 S Ouida St	0.24mi	3/2.0	2,090 (+14%)	14mo	$143,520	$69	50
808 S Ouida St	0.24mi	3/2.0	2,090 (+14%)	14mo	$143,520	$69	50
101 Sanders St	0.49mi	4/2.5 (+1)	1,952 (+6%)	9mo	$46,500	$24	48
108 Bell St W	0.71mi	2/1.0 (-1)	1,600 (-13%)	2mo	$20,000	$13	38

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 · 3.92% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-22,615
• Equity at exit: $29,821

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,915
• Equity at exit: $17,292

Cash invested: $56,000 (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 36330

• Home prices YoY: -19.4%
• Rents YoY: 3.9%
• Active inventory: 441
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,649 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$39 /mo · $471/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $131

Break-even live

Break-even rent $1,483

Max offer price $199,999

Occupancy floor 87%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 Greyfox Trl Enterprise, AL	3.0	2.0	1875	$1,850	$0.99	43d	1	1.01mi

Listing history 23 events

1. 2026-06-19
   days on market $199,999 Active 147 DOM
2. 2026-06-18
   days on market $199,999 Active 146 DOM
3. 2026-06-17
   days on market $199,999 Active 145 DOM
4. 2026-06-16
   days on market $199,999 Active 144 DOM
5. 2026-06-15
   days on market $199,999 Active 143 DOM
6. 2026-06-14
   days on market $199,999 Active 141 DOM
7. 2026-06-12
   days on market $199,999 Active 140 DOM
8. 2026-06-09
   days on market $199,999 Active 137 DOM
9. 2026-06-08
   days on market $199,999 Active 136 DOM
10. 2026-06-07
    days on market $199,999 Active 135 DOM
11. 2026-06-05
    days on market $199,999 Active 132 DOM
12. 2026-06-03
    days on market $199,999 Active 131 DOM
13. 2026-06-03
    price $199,999 Active 130 DOM
14. 2026-06-02
    days on market $214,999 Active 130 DOM
15. 2026-06-01
    days on market $214,999 Active 129 DOM
16. 2026-05-31
    days on market $214,999 Active 128 DOM
17. 2026-05-30
    days on market $214,999 Active 127 DOM
18. 2026-05-04
    price $214,999 1033-char remark

    Show marketing remark (1033 chars)

    This well-maintained home offers comfortable living spaces and thoughtful features throughout. The kitchen includes a breakfast area and is accented with attractive oak cabinetry, tile countertops, and a ceramic tile backsplash. Appliances include a microwave and electric smooth-top range. The living room provides a generous space for relaxing or entertaining guests and could easily serve as a formal dining area if desired. The enclosed garage adds valuable square footage and is currently used as a spacious den or game room—perfect for gatherings, hobbies, or additional living space. The laundry room offers ample room for a washer, dryer, and even a freezer. Multiple doors open to a covered patio, creating an inviting outdoor space for relaxing or entertaining. The fully fenced yard includes a convenient double gate with access to the front yard. All three bedrooms and two bathrooms are located down the hall. The main bedroom features an en-suite bathroom, while the hall bath services the remaining two bedrooms.

19. 2026-04-01
    status Active 1033-char remark

    Show marketing remark (1033 chars)

    This well-maintained home offers comfortable living spaces and thoughtful features throughout. The kitchen includes a breakfast area and is accented with attractive oak cabinetry, tile countertops, and a ceramic tile backsplash. Appliances include a microwave and electric smooth-top range. The living room provides a generous space for relaxing or entertaining guests and could easily serve as a formal dining area if desired. The enclosed garage adds valuable square footage and is currently used as a spacious den or game room—perfect for gatherings, hobbies, or additional living space. The laundry room offers ample room for a washer, dryer, and even a freezer. Multiple doors open to a covered patio, creating an inviting outdoor space for relaxing or entertaining. The fully fenced yard includes a convenient double gate with access to the front yard. All three bedrooms and two bathrooms are located down the hall. The main bedroom features an en-suite bathroom, while the hall bath services the remaining two bedrooms.

20. 2026-03-11
    historical Active Under Contract 1033-char remark

    Show marketing remark (1033 chars)

    This well-maintained home offers comfortable living spaces and thoughtful features throughout. The kitchen includes a breakfast area and is accented with attractive oak cabinetry, tile countertops, and a ceramic tile backsplash. Appliances include a microwave and electric smooth-top range. The living room provides a generous space for relaxing or entertaining guests and could easily serve as a formal dining area if desired. The enclosed garage adds valuable square footage and is currently used as a spacious den or game room—perfect for gatherings, hobbies, or additional living space. The laundry room offers ample room for a washer, dryer, and even a freezer. Multiple doors open to a covered patio, creating an inviting outdoor space for relaxing or entertaining. The fully fenced yard includes a convenient double gate with access to the front yard. All three bedrooms and two bathrooms are located down the hall. The main bedroom features an en-suite bathroom, while the hall bath services the remaining two bedrooms.

21. 2026-01-23
    listed $220,000 Active 1033-char remark

    Show marketing remark (1033 chars)

    This well-maintained home offers comfortable living spaces and thoughtful features throughout. The kitchen includes a breakfast area and is accented with attractive oak cabinetry, tile countertops, and a ceramic tile backsplash. Appliances include a microwave and electric smooth-top range. The living room provides a generous space for relaxing or entertaining guests and could easily serve as a formal dining area if desired. The enclosed garage adds valuable square footage and is currently used as a spacious den or game room—perfect for gatherings, hobbies, or additional living space. The laundry room offers ample room for a washer, dryer, and even a freezer. Multiple doors open to a covered patio, creating an inviting outdoor space for relaxing or entertaining. The fully fenced yard includes a convenient double gate with access to the front yard. All three bedrooms and two bathrooms are located down the hall. The main bedroom features an en-suite bathroom, while the hall bath services the remaining two bedrooms.

22. 2003-08-13
    soldstatus $87,500 27-char remark

    Show marketing remark (27 chars)

    Chain Link, Combo, Privacy,

23. 2003-01-08
    listed $90,000 27-char remark

    Show marketing remark (27 chars)

    Chain Link, Combo, Privacy,

ⓘ 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: $471 · $39/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$349/yr (+$29/mo · 74.1%)

ⓘ 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 ≥106°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 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,787
• − Mortgage interest: −$11,203
• − Property taxes: −$471
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,583
• − Management: −$1,583
• − Depreciation: −$5,818
• Taxable loss: −$1,871
• Est. tax savings @ 24.0%: +$449
• After-tax cash flow: $2,024/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: Enterprise City
• NCES district ID: 0101320
• Math proficiency: 40% ▼ -20.00%
• Reading proficiency: 60% ▲ 4.00%
• Median HH income: $51,311
• Composite: 42.83/100
• National rank: #3136
• State rank: #12 of 129 in AL

Livability — Enterprise

• Score: 65/100
• State rank: #127
• US rank: #12953

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enterprise, AL
• County: Coffee County · 39,557 people
• City population: 39,557
• Metro: Enterprise, AL
• Population (ZIP): 39,557
• Household income: $75,765
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1126.0

Population outlook (Coffee County) Hauer SSP2

• Today (2025): 53,133 people
• By 2030: 53,832 · +1.3%
• By 2040: 54,504 · +2.6%
• By 2050: 54,289 · +2.2%
• By 2075: 51,175 · -3.7%
• By 2100: 46,793 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Black 17% Hispanic / Latino 13% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 3%
• Common ancestry: Italian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 6% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 2%

Political lean MEDSL · Coffee

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -9.0pp toward R · 2008: -48.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.1 2016: R+56.7 2012: R+49.4 2008: R+48.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.44%
• Current HPI: 184.0163
• Rent YoY: ▲ 3.92%
• Metro: Enterprise, 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

+138.9% since first listed

6 events — show timeline

• 2026-05-04 Price Changed $214,999 WBR
• 2026-04-01 Relisted — WBR
• 2026-03-11 Contingent — WBR
• 2026-01-23 Listed $220,000 WBR
• 2003-08-13 Sold (MLS) $87,500 MAAR
• 2003-01-08 Listed $90,000 MAAR

Property tax history

+0.0%/yr

Latest (2015): $471 · +0.0% YoY. Source: county tax records.