200 Parma Dr Unit O-6 · Daphne, AL 36526

$199,900

3 bd · 2.0 ba · 1,378 sqft · Townhouse · 60 Days on market

Built 1984 Good condition 1,611 sqft lot $145/sqft · 11% below area Est $225k · 11% under $110/mo HOA · 7% of rent

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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 +12.5/15.0
• Cash flow +8.6/30.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Condition / age +3.8/5.0
• 1% rule +3.4/10.0
• Rent growth +2.9/5.0
• DSCR +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Relax on the front porch and take in the peaceful natural setting of this corner unit in Loma Alta Townhomes, perfectly positioned right across from green space. This charming 3-bedroom, 2-bath home makes the most of its footprint. The open floor plan, soaring vaulted ceiling, and large gas log fireplace create a spacious area perfect for relaxing or entertaining.The main level features new LVP flooring and a primary bedroom with an en-suite bath, including a dressing area and a large closet. The layout is designed for convenience, with hallway access to the primary bath for guests. The dining space flows nicely into the kitchen with a breakfast bar, making it a great spot for everyday meals and special occasions. The full kitchen features stainless steel appliances, a small pantry, as well as space and connections for a stackable washer/dryer.Upstairs, you'll find two generously sized bedrooms, a full hall bath, and additional storage with large hallway closets. Out back, there's a secure storage room with plenty of space for your extras. This unit also has an active termite bond.Whether you're looking for an investment opportunity or a place to call home, this one checks a lot of boxes. Don't miss it! Buyer to verify all information during due diligence.

Key facts

• Green space
• Open floor plan
• Vaulted ceiling

Tags

• FRONT PORCH
• CORNER UNIT
• GREEN SPACE
• OPEN FLOOR PLAN
• VAULTED CEILING
• GAS LOG FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $200k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-171 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $175k (12.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $167k (16.4% below list).
• Recommended offer: $167k (16.4% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.9% in Daphne — 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 75/100 on livability (#18 in AL, #3,949 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A; Watch: amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Daphne Elementary School (math 37% / reading 57%, grade D-, #142 of 627 statewide, top 25%, 693 students, 53% FRL); Daphne Middle School (math 25% / reading 62%, grade D, #45 of 257 statewide, top 18%, 846 students, 45% FRL); Daphne High School (math 41% / reading 40%, grade F, #33 of 305 statewide, top 11%, 1,725 students, 40% FRL).
• Market conditions: Rents rising (+1.7%/yr); 600 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,883 units permitted in Baldwin County in 2024 (481 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.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $167,171 (16.4% 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 60 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.84% ✗
• Cap rate: 5.27%
• Cash-on-cash: -3.66%
• DSCR: 0.84
• GRM: 10.0

CMA / ARV

• ARV (median comp): $225,155
• List price: $199,900
• Delta: -11.22%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
200 Parma Dr Unit O-2	0.00mi	3/2.0	1,378 (0%)	2mo	$137,500	$100	98
200 Parma Dr Unit B3	0.00mi	2/2.0 (-1)	1,378 (0%)	0mo	$125,000	$91	95
200 Parma Dr Unit F4	0.00mi	3/2.0	1,378 (0%)	12mo	$225,000	$163	90
200 Parma Dr Unit L1	0.00mi	3/2.0	1,374 (-0%)	13mo	$219,900	$160	89
200 Parma Dr Unit E1	0.00mi	3/2.0	1,378 (0%)	20mo	$204,500	$148	83
1000 D'olive Springs Dr Unit D-2	0.33mi	3/2.0	1,365 (-1%)	1mo	$236,000	$173	82
200 Parma Dr Unit F2	0.00mi	2/2.0 (-1)	1,378 (0%)	21mo	$201,800	$146	77
47 Lake Shore Dr	0.31mi	2/2.5 (-1)	1,517 (+10%)	1mo	$120,000	$79	61
100 Tower Dr #204	0.13mi	2/2.0 (-1)	1,553 (+13%)	8mo	$310,000	$200	61
100 Tower Dr Unit 1D	0.13mi	2/2.0 (-1)	1,553 (+13%)	10mo	$217,500	$140	59
1000 D'olive Springs Dr Unit D3	0.33mi	3/2.0	1,227 (-11%)	9mo	$200,000	$163	59
15 Parma Dr	0.10mi	2/2.0 (-1)	1,538 (+12%)	20mo	$268,500	$175	54

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 · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -24.0%
• Equity multiple: 0.19×
• Total profit: $-45,305
• Equity at exit: $29,806

10-year hold

• IRR: -23.3%
• Equity multiple: -0.10×
• Total profit: $-61,584
• Equity at exit: $17,284

Cash invested: $55,972 (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 36526

• Home prices YoY: -21.3%
• Rents YoY: 1.7%
• Active inventory: 600
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,672 high
• Mortgage (P&I): −$1,048
• Tax est. 1.5%: −$250 /mo · $2,998/yr
• Insurance: −$83
• HOA: −$110
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $-171

Break-even live

Break-even rent $1,888

Max offer price $175,183

Occupancy floor —

Sensitivity live

Price	-10% $-33	-5% $-102	+0% $-171	+5% $-240	+10% $-309
Rent	-10% $-303	-5% $-237	+0% $-171	+5% $-105	+10% $-39
Rate	-1.0pp $-70	-0.5pp $-120	base $-171	+0.5pp $-223	+1.0pp $-275

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Parma Dr Unit 04 Daphne, AL	2.0	2.0	1385	$1,600	$1.16	45d	1	0.03mi
200 Parma Dr Unit A-2 Daphne, AL	2.0	2.0	1420	$1,550	$1.09	15d	1	0.08mi
6722 Van Buren St Unit 1 Daphne, AL	2.0	1.5	1220	$1,300	$1.07	22d	1	0.23mi
6722 Van Buren St Unit 5 Daphne, AL	2.0	1.5	1220	$1,300	$1.07	45d	1	0.23mi
500 Grant St Daphne, AL	2.0	1.0–1.5	876	$1,300	$1.48	45d	2	0.35mi
110 Windsor Dr Daphne, AL	4.0	2.0	1706	$1,800	$1.06	22d	1	0.36mi
2 Lake Shore Dr Daphne, AL	2.0	1.5	1380	$2,350	$1.70	45d	1	0.36mi
133 Lake Front Dr Daphne, AL	1.0–2.0	1.0–2.5	950	$1,473	$1.55	15d	10	0.47mi
2200 E Bay Dr Daphne, AL	1.0–2.0	1.0–2.0	925	$1,360	$1.47	22d	7	0.85mi
30000 Town Center Ave Spanish Fort, AL	1.0–2.0	1.0–2.0	1015	$1,860	$1.83	15d	24	1.21mi

HOA detail

• Monthly dues: $110 · $1,320/yr
• Likely covers: gas

Listing history 25 events

1. 2026-06-21
   listing id $199,900 Pending 60 DOM
2. 2026-06-15
   statusdays on marketlisting id $199,900 Pending 60 DOM
3. 2026-06-10
   days on market $199,900 Active 58 DOM
4. 2026-06-09
   days on market $199,900 Active 57 DOM
5. 2026-06-08
   days on market $199,900 Active 56 DOM
6. 2026-06-07
   days on market $199,900 Active 55 DOM
7. 2026-06-05
   days on market $199,900 Active 52 DOM
8. 2026-06-03
   days on market $199,900 Active 51 DOM
9. 2026-06-03
   price $199,900 Active 50 DOM
10. 2026-06-02
    days on market $210,000 Active 50 DOM
11. 2026-06-01
    days on market $210,000 Active 49 DOM
12. 2026-05-31
    days on market $210,000 Active 48 DOM
13. 2026-05-30
    days on market $210,000 Active 47 DOM
14. 2026-04-13
    listed $210,000 Active 1276-char remark

    Show marketing remark (1279 chars)

    Relax on the front porch and take in the peaceful natural setting of this corner unit in Loma Alta Townhomes, perfectly positioned right across from green space. This charming 3-bedroom, 2-bath home makes the most of its footprint. The open floor plan, soaring vaulted ceiling, and large gas log fireplace create a spacious area perfect for relaxing or entertaining. The main level features new LVP flooring and a primary bedroom with an en-suite bath, including a dressing area and a large closet. The layout is designed for convenience, with hallway access to the primary bath for guests. The dining space flows nicely into the kitchen with a breakfast bar, making it a great spot for everyday meals and special occasions. The full kitchen features stainless steel appliances, a small pantry, as well as space and connections for a stackable washer/dryer. Upstairs, you'll find two generously sized bedrooms, a full hall bath, and additional storage with large hallway closets. Out back, there's a secure storage room with plenty of space for your extras. This unit also has an active termite bond. Whether you're looking for an investment opportunity or a place to call home, this one checks a lot of boxes. Don't miss it! Buyer to verify all information during due diligence.

15. 2026-04-13
    listed $210,000 Active 1279-char remark

    Show marketing remark (1279 chars)

    Relax on the front porch and take in the peaceful natural setting of this corner unit in Loma Alta Townhomes, perfectly positioned right across from green space. This charming 3-bedroom, 2-bath home makes the most of its footprint. The open floor plan, soaring vaulted ceiling, and large gas log fireplace create a spacious area perfect for relaxing or entertaining. The main level features new LVP flooring and a primary bedroom with an en-suite bath, including a dressing area and a large closet. The layout is designed for convenience, with hallway access to the primary bath for guests. The dining space flows nicely into the kitchen with a breakfast bar, making it a great spot for everyday meals and special occasions. The full kitchen features stainless steel appliances, a small pantry, as well as space and connections for a stackable washer/dryer. Upstairs, you'll find two generously sized bedrooms, a full hall bath, and additional storage with large hallway closets. Out back, there's a secure storage room with plenty of space for your extras. This unit also has an active termite bond. Whether you're looking for an investment opportunity or a place to call home, this one checks a lot of boxes. Don't miss it! Buyer to verify all information during due diligence.

16. 2023-07-10
    soldstatus $185,000 Closed
17. 2023-07-10
    soldstatus $185,000 Closed
18. 2023-05-23
    status Pending
19. 2023-05-22
    status Pending
20. 2023-05-19
    listed $185,000 Active
21. 2023-05-19
    listed $185,000 Active
22. 2023-01-05
    soldstatus $145,500 Closed
23. 2023-01-04
    status Pending
24. 2022-11-28
    status Pending
25. 2022-11-18
    listed $162,000 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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,061
• − Mortgage interest: −$11,198
• − Property taxes: −$2,998
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,605
• − Management: −$1,605
• − HOA: −$1,320
• − Depreciation: −$5,815
• Taxable loss: −$5,480
• Est. tax savings @ 24.0%: +$1,315
• After-tax cash flow: $-735/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 · 12 photos

Good 75/100 Cosmetic rehab

This charming townhouse is in good condition with a good ROI potential for both resale and rental.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace sliding glass doors — Improves natural light and ventilation
• Both Replace hardwood floors — Modernizes the space and increases value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace sliding glass doors — Improves natural light and ventilation ↑
• Both Replace hardwood floors — Modernizes the space and increases value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Daphne

• Score: 75/100
• State rank: #18
• US rank: #3949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Daphne, AL
• County: Baldwin County · 181,514 people
• City population: 36,484
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 36,484
• Household income: $88,750
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 535.0

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 12% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -61.47%
• Current HPI: 227.2692
• Rent YoY: ▲ 1.72%
• Metro: Daphne-Fairhope-Foley, 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

+29.6% since first listed

12 events — show timeline

• 2026-04-13 Listed $210,000 GCMLS AL
• 2026-04-13 Listed $210,000 BCAR
• 2023-07-10 Sold (MLS) $185,000 GCMLS AL
• 2023-07-10 Sold (MLS) $185,000 BCAR
• 2023-05-23 Pending — GCMLS AL
• 2023-05-22 Pending — BCAR
• 2023-05-19 Listed $185,000 BCAR
• 2023-05-19 Listed $185,000 GCMLS AL
• 2023-01-05 Sold (MLS) $145,500 BCAR
• 2023-01-04 Pending — BCAR
• 2022-11-28 Pending — BCAR
• 2022-11-18 Listed $162,000 BCAR