309 Cullman Rd · Arab, AL 35016

$129,900

3 bd · 3.0 ba · 1,472 sqft · SingleFamily public records · 199 Days on market

Built 1925 0.34 ac lot Est $250k · 48% under ↓ 18% since listing

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Why this score? — see what drove the C 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 +19.6/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +5.2/10.0
• Schools +4.7/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Home has 1472 ft² with 3 bedrooms, 2 1/2 baths. Small space used as a salon but ideal for a home office. Has a separate entrance & 1/2 bath. Home needs TLC but can be lived in while making it you dream home.

Key facts

• Separate entrance
• 0.34 acre lot
• Parking

Tags

• SMALL SPACE USED AS A SALON
• IDEAL FOR A HOME OFFICE
• SEPARATE ENTRANCE

Property features AI

Finance

• Other: Subdivision: W T Hinds
• HOA & community: No homeowners association

Exterior

• Parking: Carport (1 space); Gravel driveway
• Utilities: Public water; Public sewer; Natural gas
• Home design: Single-family residence; Two levels; Built in 1925; Brick construction
• Construction: Brick exterior; One fireplace; Two-story; Built 1925
• Exterior features: Public water; Public sewer; Lot dimensions approximately 75 x 200 (0.34 acre)

Interior

• Bedrooms: Total rooms: 4
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom; 2 half bathrooms
• Heating & cooling: Natural gas heating; Window cooling units (2+)
• Interior features: Basement; One fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $149 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.0% in Arab — 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 (#149 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D, amenities F.
• Arab City (rural): math 47% / reading 64% proficiency, ranked #9 of 129 in AL (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Arab Elementary School (math 59% / reading 73%, grade B+, #36 of 627 statewide, top 6%, 580 students, 52% FRL); Arab High School (math 37% / reading 47%, grade F, #28 of 305 statewide, top 10%, 779 students, 40% FRL) — zoned schools average 46% FRL vs 29% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 178 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $29k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 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 1925 — 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 D 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. 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: 1.02% ✓
• Cap rate: 7.67%
• Cash-on-cash: 4.91%
• DSCR: 1.22
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $250,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 4th St NW	0.28mi	3/2.0	1,569 (+7%)	4mo	$242,000	$154	68
423 Shoal Creek Trl NE	0.56mi	3/2.0	1,417 (-4%)	2mo	$260,000	$183	62
421 South Main St	0.41mi	3/2.0	1,585 (+8%)	3mo	$329,000	$208	62
476 NE 2nd St	0.55mi	3/2.0	1,499 (+2%)	8mo	$240,000	$160	61
303 4th Ave NE	0.54mi	3/2.0	1,516 (+3%)	14mo	$257,000	$170	55
312 4th Pl NE	0.55mi	3/2.0	1,504 (+2%)	15mo	$255,000	$170	54
604 Shoal Creek Trl	0.66mi	3/2.0	1,399 (-5%)	9mo	$200,000	$143	50
606 N Main St	0.65mi	3/1.5	1,375 (-7%)	12mo	$194,900	$142	43
320 SE Jordan Ln	0.72mi	3/2.0	1,418 (-4%)	18mo	$189,000	$133	42
120 Bentley Cir SE	0.44mi	4/2.0 (+1)	1,627 (+10%)	16mo	$249,900	$154	40
200 6th St NE	0.62mi	3/2.0	1,650 (+12%)	11mo	$345,000	$209	38
304 Jordan Ln SE	0.70mi	3/2.0	1,291 (-12%)	12mo	$230,000	$178	33

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: -8.6%
• Equity multiple: 0.68×
• Total profit: $-11,546
• Equity at exit: $19,369

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $2,237
• Equity at exit: $11,231

Cash invested: $36,372 (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 35016

• Home prices YoY: -28.0%
• Active inventory: 178
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,325 high
• Mortgage (P&I): −$681
• Tax est. 1.5%: −$162 /mo · $1,948/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $149

Break-even live

Break-even rent $1,136

Max offer price $129,900

Occupancy floor 84%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
353 4th Ave NW Arab, AL	3.0	1.0	1092	$1,250	$1.14	2d	1	0.36mi
500 4th St NE Arab, AL	4.0	2.0	1219	$1,350	$1.11	11d	1	0.70mi
543 7th Ave NW Arab, AL	2.0	1.0	1126	$1,050	$0.93	21d	1	0.71mi
320 Jordan Ln SE Arab, AL	3.0	2.0	1418	$1,550	$1.09	13d	1	0.74mi
28 Arad Thompson Rd NE Arab, AL	3.0	2.0	1314	$1,500	$1.14	11d	1	1.25mi

Listing history 19 events

1. 2026-06-19
   days on market $129,900 Active 199 DOM
2. 2026-06-18
   days on market $129,900 Active 198 DOM
3. 2026-06-17
   days on market $129,900 Active 197 DOM
4. 2026-06-16
   days on market $129,900 Active 196 DOM
5. 2026-06-15
   days on market $129,900 Active 195 DOM
6. 2026-06-14
   days on market $129,900 Active 193 DOM
7. 2026-06-12
   days on market $129,900 Active 192 DOM
8. 2026-06-09
   days on market $129,900 Active 189 DOM
9. 2026-06-08
   days on market $129,900 Active 188 DOM
10. 2026-06-07
    days on market $129,900 Active 187 DOM
11. 2026-06-04
    days on market $129,900 Active 183 DOM
12. 2026-06-02
    days on market $129,900 Active 182 DOM
13. 2026-06-01
    days on market $129,900 Active 181 DOM
14. 2026-05-31
    days on market $129,900 Active 180 DOM
15. 2026-05-31
    days on market $129,900 Active 179 DOM
16. 2026-05-23
    status Active
17. 2026-04-21
    historical Contingent
18. 2026-04-16
    price $129,900
19. 2025-12-02
    listed $159,000 Active

ⓘ 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 2/10 Low
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,898
• − Mortgage interest: −$7,276
• − Property taxes: −$1,948
• − Insurance: −$650
• − Repairs & maintenance: −$1,272
• − Management: −$1,272
• − Depreciation: −$3,779
• Taxable loss: −$299
• Est. tax savings @ 24.0%: +$72
• After-tax cash flow: $1,859/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: Arab City
• NCES district ID: 0100100
• Math proficiency: 47% ▼ -25.00%
• Reading proficiency: 64% ▬ 0.00%
• Median HH income: $42,728
• Composite: 46.58/100
• National rank: #2422
• State rank: #9 of 129 in AL

Livability — Arab

• Score: 64/100
• State rank: #149
• US rank: #13733

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Arab, AL
• City population: 17,435
• Population (ZIP): 17,435

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Hispanic / Latino 5% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 2% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.17%
• Current HPI: 180.2225
• 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

-18.3% since first listed

4 events — show timeline

• 2026-05-23 Relisted — VMLS
• 2026-04-21 Contingent — VMLS
• 2026-04-16 Price Changed $129,900 VMLS
• 2025-12-02 Listed $159,000 VMLS