1907 Kelly Loop Rd · Mount Olive, AL 35117

$172,000

2 bd · 1.0 ba · 1,200 sqft · SingleFamily public records · 11 Days on market

Built 1920 1.89 ac lot Est $170k · at est.

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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 +22.3/30.0
• DSCR +7.1/10.0
• ARV discount +7.1/15.0
• 1% rule +5.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Nestled on a beautiful 1.89-acre level, shaded lot, this charming property offers endless possibilities with two homes on one parcel! The main home features 2 bedrooms, 1 bath, a spacious kitchen, and an abundance of floor-to-ceiling cabinet storage, providing both charm and functionality. Also included is an expansive 2,200+/- sq. ft. mobile home offering 4 bedrooms, 2.5 baths, a large living room, a separate den, and a roomy kitchen perfect for gathering and entertaining. The large master suite features a generous bath and walk-in closet. While the mobile home could use some updates, it offers incredible space and potential for extended family or rental income. Enjoy the peaceful setting,

Key facts

• Walk-in closet
• Separate den
• Roomy kitchen

Tags

• LEVEL LOT
• LARGE LIVING ROOM
• SEPARATE DEN
• ROOMY KITCHEN
• GENEROUS BATH
• WALK-IN CLOSET

Property features AI

Finance

• Other: Property accessed via paved public road
• Financial info: Fire fee: $20 yearly
• HOA & community: No association fee

Exterior

• Parking: Driveway parking; Multi-level parking
• Utilities: Public water; Septic system; Electric water heater; Internet service availability unknown
• Home design: Existing property; Brick over foundation with vinyl siding; Crawl space foundation
• Construction: Brick over foundation; Vinyl siding
• Exterior features: Fenced yard; Porch; Corner lot; Acreage (1.89 acres)

Interior

• Kitchen: Eating area; Pantry; Laminate countertops; Built-in dishwasher
• Bedrooms: Master bedroom on main level; Additional bedroom on main level
• Flooring: Hardwood; Laminate
• Bathrooms: One full bathroom with tub/shower combo (main level)
• Heating & cooling: Central heating (Propane gas); Central cooling (Electric)
• Interior features: Smooth ceilings; Has attic
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located on the main level in a closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $172k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $172k).
• Cap rate 8.3% vs local median 5.1% in Mount Olive — 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 (#150 in AL) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Gardendale High School (math 21% / reading 28%, grade F, #118 of 305 statewide, top 45%, 1,047 students, 48% FRL) — zoned schools at 48% FRL track the district average.
• Market conditions: 65 active listings in the ZIP; 2,114 units permitted in Jefferson County in 2024 (556 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 $5k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $172,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.01% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.08%
• DSCR: 1.31
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $170,400
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5938 Goode Rd	0.25mi	2/2.0	1,200 (0%)	23mo	$195,000	$163	65
1685 Kelly Loop Rd	0.31mi	3/2.0 (+1)	1,104 (-8%)	12mo	$149,900	$136	53
1606 Brookside Rd	0.61mi	3/1.0 (+1)	1,362 (+14%)	3mo	$193,000	$142	41

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: -5.5%
• Equity multiple: 0.80×
• Total profit: $-9,818
• Equity at exit: $25,646

10-year hold

• IRR: 4.2%
• Equity multiple: 1.30×
• Total profit: $14,599
• Equity at exit: $14,871

Cash invested: $48,160 (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 35117

• Home prices YoY: -19.9%
• Active inventory: 65
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,738 medium
• Mortgage (P&I): −$902
• Tax from tax record: −$115 /mo · $1,386/yr
• Insurance: −$72
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $284

Break-even live

Break-even rent $1,379

Max offer price $172,000

Occupancy floor 79%

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: $43,000
• Closing costs: $5,160
• Reserves months: —
• Total cash needed: —

Listing history 5 events

1. 2026-06-03
   days on market $172,000 Active 11 DOM
2. 2026-06-02
   days on market $172,000 Active 10 DOM
3. 2026-06-01
   days on market $172,000 Active 9 DOM
4. 2026-05-31
   days on market $172,000 Active 8 DOM
5. 2026-05-22
   listed $172,000 Active

ⓘ 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: $1,386 · $115/mo
• Projected year-2 tax: $1,386 · $115/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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,858
• − Mortgage interest: −$9,635
• − Property taxes: −$1,386
• − Insurance: −$860
• − Repairs & maintenance: −$1,669
• − Management: −$1,669
• − Depreciation: −$5,004
• Taxable income: $636
• Est. tax owed @ 24.0%: −$153
• After-tax cash flow: $3,255/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Mount Olive

• Score: 64/100
• State rank: #150
• US rank: #13778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Olive, AL
• Population (ZIP): 5,091

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 9% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · Spanish 5% Korean 1%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.36%
• Current HPI: 207.071
• 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

1 event — show timeline

• 2026-05-22 Listed $172,000 Greater Alabama MLS

Property tax history

+3.4%/yr

Latest (2025): $1,386 · +0.0% YoY. Source: county tax records.