124 Sevarg Ln · Millbrook, AL 36054

$143,900

3 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 92 Days on market

Built 2007 0.50 ac lot $99/sqft · 29% below area Est $217k · 34% under

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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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• Rent growth +4.8/5.0
• Schools +3.5/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 3-bedroom, 2-bath home with space, updates, and great outdoor living! This home features spacious bedrooms with walk-in closets, fresh paint throughout, and durable hard tile and luxury vinyl plank flooring. Enjoy a large, open kitchen with plenty of extra countertop space—perfect for cooking and entertaining—along with a generous dining area and an oversized living room complete with a cozy fireplace. Step outside to a big front deck, ideal for relaxing, all situated on a large 0.5-acre lot offering plenty of room to spread out and enjoy. The property also includes a large detached storage shed, perfect for tools, equipment, or additional storage needs. This home has so much to offer—don’t miss your chance to see it!

Key facts

• Walk-in closets
• Dining area
• Cozy fireplace

Tags

• OUTDOOR LIVING
• WALK-IN CLOSETS
• OPEN KITCHEN
• DINING AREA
• OVERSIZED LIVING ROOM
• COZY FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $568 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $131k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.0% vs local median 4.4% in Millbrook — 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 66/100 on livability (#110 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Elmore County (town): math 27% / reading 54% proficiency, ranked #21 of 129 in AL (top 16%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+9.0%/yr); 84 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 92 units permitted in Elmore County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($68k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $995 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Elmore County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $40k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 92 days — a 9% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 5y ago; this cycle's ask has dropped $34k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $91k; list at $144k implies a 59% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,949 (9.0% below list)

Questions for the listing agent

1. It's been on market 92 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.25% ✓
• Cap rate: 11.03%
• Cash-on-cash: 16.90%
• DSCR: 1.75
• GRM: 6.6

CMA / ARV

• ARV (median comp): $217,000
• List price: $143,900
• Delta: -33.69%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
39 Turtle Dr	0.24mi	3/2.0	1,460 (+0%)	3mo	$239,900	$164	86
6735 Pineleaf Dr	0.38mi	3/2.0	1,473 (+1%)	1mo	$202,000	$137	79
430 Catalpa Rd	0.49mi	3/2.0	1,487 (+2%)	1mo	$225,000	$151	73
371 Ridgeview Dr	0.67mi	4/2.0 (+1)	1,470 (+1%)	3mo	$225,000	$153	60
218 Dogwood Dr	0.57mi	3/2.0	1,370 (-6%)	5mo	$149,900	$109	60
288 Mill Ridge Dr	0.72mi	3/2.0	1,412 (-3%)	2mo	$199,900	$142	59
359 Ridgeview Dr	0.66mi	3/2.0	1,549 (+6%)	2mo	$225,000	$145	57
112 Millridge Dr	0.73mi	3/2.0	1,377 (-5%)	0mo	$200,000	$145	57
59 Ridgeview Dr	0.68mi	3/2.0	1,361 (-6%)	1mo	$175,000	$129	57
337 Mill Ridge Dr	0.73mi	3/2.0	1,389 (-5%)	6mo	$208,000	$150	53
6730 Governors Dr	0.63mi	3/2.0	1,314 (-10%)	5mo	$179,900	$137	50
111 Uden Way	0.75mi	3/2.0	1,664 (+14%)	3mo	$225,000	$135	39

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 13.2%
• Equity multiple: 1.55×
• Total profit: $22,315
• Equity at exit: $21,456

10-year hold

• IRR: 25.4%
• Equity multiple: 3.71×
• Total profit: $109,176
• Equity at exit: $12,442

Cash invested: $40,292 (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 36054

• Home prices YoY: -26.9%
• Rents YoY: 9.0%
• Active inventory: 84
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,805 high
• Mortgage (P&I): −$755
• Tax from tax record: −$44 /mo · $530/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$379
• Net cashflow: $568

Break-even live

Break-even rent $1,087

Max offer price $143,900

Occupancy floor 64%

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: $35,975
• Closing costs: $4,317
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
223 S Springfield Dr Millbrook, AL	3.0	2.0	1761	$1,950	$1.11	43d	1	1.16mi
80 Blackmon Dr Coosada, AL	3.0	2.5	1845	$2,200	$1.19	13d	1	1.25mi
164 Camellia Ct Millbrook, AL	3.0	2.0	1522	$1,500	$0.99	13d	1	1.30mi
30 Payton Ct Millbrook, AL	4.0	2.0	1764	$2,000	$1.13	13d	1	1.34mi
5421 Shady Dr Millbrook, AL	4.0	2.0	1809	$1,800	$1.00	43d	1	1.41mi
63 Lilly Pad Cir Millbrook, AL	3.0	2.0	1521	$1,700	$1.12	13d	1	1.44mi

Listing history 23 events

1. 2026-06-18
   days on market $143,900 Active 92 DOM
2. 2026-06-17
   price $143,900 Active 91 DOM
3. 2026-06-17
   days on market $144,900 Active 91 DOM
4. 2026-06-16
   days on market $144,900 Active 90 DOM
5. 2026-06-15
   days on market $144,900 Active 89 DOM
6. 2026-06-14
   days on market $144,900 Active 87 DOM
7. 2026-06-13
   pricedays on market $144,900 Active 86 DOM
8. 2026-06-10
   days on market $149,900 Active 84 DOM
9. 2026-06-09
   days on market $149,900 Active 83 DOM
10. 2026-06-08
    days on market $149,900 Active 82 DOM
11. 2026-06-07
    pricedays on market $149,900 Active 81 DOM
12. 2026-06-05
    days on market $159,900 Active 78 DOM
13. 2026-06-03
    days on market $159,900 Active 77 DOM
14. 2026-06-02
    days on market $159,900 Active 76 DOM
15. 2026-06-01
    days on market $159,900 Active 75 DOM
16. 2026-05-31
    days on market $159,900 Active 74 DOM
17. 2026-05-30
    days on market $159,900 Active 73 DOM
18. 2026-05-19
    price $159,900 760-char remark

    Show marketing remark (760 chars)

    Charming 3-bedroom, 2-bath home with space, updates, and great outdoor living! This home features spacious bedrooms with walk-in closets, fresh paint throughout, and durable hard tile and luxury vinyl plank flooring. Enjoy a large, open kitchen with plenty of extra countertop space—perfect for cooking and entertaining—along with a generous dining area and an oversized living room complete with a cozy fireplace. Step outside to a big front deck, ideal for relaxing, all situated on a large 0.5-acre lot offering plenty of room to spread out and enjoy. The property also includes a large detached storage shed, perfect for tools, equipment, or additional storage needs. This home has so much to offer—don’t miss your chance to see it!

19. 2026-04-19
    price $169,900 760-char remark

    Show marketing remark (760 chars)

    Charming 3-bedroom, 2-bath home with space, updates, and great outdoor living! This home features spacious bedrooms with walk-in closets, fresh paint throughout, and durable hard tile and luxury vinyl plank flooring. Enjoy a large, open kitchen with plenty of extra countertop space—perfect for cooking and entertaining—along with a generous dining area and an oversized living room complete with a cozy fireplace. Step outside to a big front deck, ideal for relaxing, all situated on a large 0.5-acre lot offering plenty of room to spread out and enjoy. The property also includes a large detached storage shed, perfect for tools, equipment, or additional storage needs. This home has so much to offer—don’t miss your chance to see it!

20. 2026-03-18
    listed $177,900 Active 760-char remark

    Show marketing remark (760 chars)

    Charming 3-bedroom, 2-bath home with space, updates, and great outdoor living! This home features spacious bedrooms with walk-in closets, fresh paint throughout, and durable hard tile and luxury vinyl plank flooring. Enjoy a large, open kitchen with plenty of extra countertop space—perfect for cooking and entertaining—along with a generous dining area and an oversized living room complete with a cozy fireplace. Step outside to a big front deck, ideal for relaxing, all situated on a large 0.5-acre lot offering plenty of room to spread out and enjoy. The property also includes a large detached storage shed, perfect for tools, equipment, or additional storage needs. This home has so much to offer—don’t miss your chance to see it!

21. 2022-08-22
    soldstatus $90,750 307-char remark

    Show marketing remark (307 chars)

    Updated 3 Bedroom 2 Bath. Home features spacious bedrooms with walk-in closets, fresh paint, new fixtures, large open kitchen with new appliances, new hard tile and carpet throughout, living room with a fireplace, and a large dining area. sitting on a very large lot! Don't miss out on this one! Call today!

22. 2022-06-22
    listed $96,000 307-char remark

    Show marketing remark (307 chars)

    Updated 3 Bedroom 2 Bath. Home features spacious bedrooms with walk-in closets, fresh paint, new fixtures, large open kitchen with new appliances, new hard tile and carpet throughout, living room with a fireplace, and a large dining area. sitting on a very large lot! Don't miss out on this one! Call today!

23. 2021-03-17
    listed $95,900

ⓘ 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: $530 · $44/mo
• Projected year-2 tax: $590 · $49/mo
• Expected delta: +$60/yr (+$5/mo · 11.4%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,665
• − Mortgage interest: −$8,061
• − Property taxes: −$530
• − Insurance: −$720
• − Repairs & maintenance: −$1,733
• − Management: −$1,733
• − Depreciation: −$4,186
• Taxable income: $4,703
• Est. tax owed @ 24.0%: −$1,129
• After-tax cash flow: $5,682/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: Elmore County
• NCES district ID: 0101290
• Math proficiency: 27% ▼ -25.00%
• Reading proficiency: 54% ▲ 3.00%
• Median HH income: $54,898
• Composite: 35.27/100
• National rank: #4974
• State rank: #21 of 129 in AL

Livability — Millbrook

• Score: 66/100
• State rank: #110
• US rank: #12087

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

• County: Elmore County · 36,842 people
• City population: 14,600
• Metro: Montgomery, AL
• Population (ZIP): 14,600
• Household income: $68,438
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 201.0

Population outlook (Elmore County) Hauer SSP2

• Today (2025): 85,154 people
• By 2030: 86,667 · +1.8%
• By 2040: 89,014 · +4.5%
• By 2050: 90,331 · +6.1%
• By 2075: 96,096 · +12.8%
• By 2100: 95,290 · +11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 60% Black 27% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5% Other Indo-European 0%

Political lean MEDSL · Elmore

• 2024 margin: Solid R (+52.1) · D 23.6% · R 75.6%
• 2008→2024 swing: -1.1pp toward R · 2008: -50.9pp · 2024: -52.1pp
• All cycles: 2024: R+52.1 2020: R+48.2 2016: R+52.0 2012: R+48.8 2008: R+50.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -55.96%
• Current HPI: 151.6671
• Rent YoY: ▲ 9.03%
• Metro: Montgomery, 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

+66.7% since first listed

6 events — show timeline

• 2026-05-19 Price Changed $159,900 MAAR
• 2026-04-19 Price Changed $169,900 MAAR
• 2026-03-18 Listed $177,900 MAAR
• 2022-08-22 Sold (MLS) $90,750 MAAR
• 2022-06-22 Listed $96,000 MAAR
• 2021-03-17 Listed $95,900 MAAR

Property tax history

+4.4%/yr

Latest (2025): $530 · +2.8% YoY. Source: county tax records.