734 Union Rd · Somerville, AL 35670

$94,900

3 bd · 1.0 ba · 1,314 sqft · SingleFamily public records · 24 Days on market

Built 1948 0.60 ac lot

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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 +29.0/30.0
• DSCR +10.0/10.0
• Appreciation +8.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Livability +3.0/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Opportunity awaits in Somerville! This 3-bedroom, 1-bath home sits on a generous 0.6-acre lot and offers a great chance to create something special. With approximately 1,103 square feet and a metal roof estimated to be 5–7 years old, this property provides a solid starting point for your vision. Whether you’re a buyer looking for an affordable home to update and make your own, or someone ready to take on a renovation project and build equity, this property has plenty of potential. The spacious lot offers room to enjoy the outdoors, expand, or enhance the property over time. The home does need repairs and updates and is being sold as-is, but with the right improvements, it could

Key facts

• Metal roof
• 0.6-acre lot
• 0.6 acre lot

Tags

• 0.6-ACRE LOT
• METAL ROOF

Property features AI

Finance

• Other: Located in the Metes and Bounds subdivision; Directions: From Hwy 67 in Somerville, turn onto Union Rd. Go approx. 1 mile; property on right
• HOA & community: No homeowners association

Exterior

• Parking: Gravel driveway
• Utilities: Septic tank for sewer
• Home design: Single-family residence; One story; Built in 1948; Residential property
• Construction: No fireplaces
• Exterior features: Covered porch; Screened porch; 0.6-acre lot

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Wall furnace heating; No central cooling
• Interior features: 5 total rooms; Crawl space basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $95k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $95k).
• Recommended offer: $93k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#319 in AL) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+; Watch: amenities F, commute F, employment F.
• Morgan County (rural): math 19% / reading 43% proficiency, ranked #61 of 129 in AL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Cotaco School (math 15% / reading 37%, grade F, #409 of 627 statewide, top 65%, 536 students, 66% FRL); Albert P Brewer High School (math 22% / reading 27%, grade F, #118 of 305 statewide, top 45%, 717 students, 59% FRL) — zoned schools average 62% FRL vs 44% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 38 active listings in the ZIP; 231 units permitted in Morgan County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($656 loan paydown + $7k appreciation (7.0% local appreciation)).
• Morgan County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (7.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($93k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,476 (1.5% below list)

Questions for the listing agent

1. Built in 1948 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 1.19% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.64%
• DSCR: 1.65
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

7.02% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 29.5%
• Equity multiple: 3.03×
• Total profit: $53,865
• Equity at exit: $65,883

10-year hold

• IRR: 26.9%
• Equity multiple: 6.31×
• Total profit: $141,024
• Equity at exit: $125,256

Cash invested: $26,572 (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 35670

• Home prices YoY: 3.0%
• Active inventory: 38
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,126 medium
• Mortgage (P&I): −$498
• Tax from tax record: −$28 /mo · $340/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $324

Break-even live

Break-even rent $716

Max offer price $94,900

Occupancy floor 66%

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $94,900 Active 24 DOM
2. 2026-06-17
   days on market $94,900 Active 23 DOM
3. 2026-06-16
   days on market $94,900 Active 22 DOM
4. 2026-06-15
   days on market $94,900 Active 21 DOM
5. 2026-06-14
   days on market $94,900 Active 19 DOM
6. 2026-06-13
   pricedays on market $94,900 Active 18 DOM
7. 2026-06-10
   days on market $99,900 Active 16 DOM
8. 2026-06-09
   days on market $99,900 Active 15 DOM
9. 2026-06-08
   days on market $99,900 Active 14 DOM
10. 2026-06-07
    days on market $99,900 Active 13 DOM
11. 2026-06-02
    days on market $99,900 Active 8 DOM
12. 2026-06-01
    days on market $99,900 Active 7 DOM
13. 2026-05-31
    days on market $99,900 Active 6 DOM
14. 2026-05-30
    days on market $99,900 Active 5 DOM
15. 2026-05-01
    status Pending
16. 2026-04-29
    listed $99,900 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: $340 · $28/mo
• Projected year-2 tax: $389 · $32/mo
• Expected delta: +$50/yr (+$4/mo · 14.6%)

ⓘ 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 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $13,515
• − Mortgage interest: −$5,316
• − Property taxes: −$340
• − Insurance: −$474
• − Repairs & maintenance: −$1,081
• − Management: −$1,081
• − Depreciation: −$2,761
• Taxable income: $2,462
• Est. tax owed @ 24.0%: −$591
• After-tax cash flow: $3,300/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: Morgan County
• NCES district ID: 0102480
• Math proficiency: 19% ▼ -28.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $47,362
• Composite: 26.68/100
• National rank: #7157
• State rank: #61 of 129 in AL

Livability — Somerville

• Score: 59/100
• State rank: #319
• US rank: #19697

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 7,116

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 118,775 people
• By 2030: 116,979 · -1.5%
• By 2040: 111,800 · -5.9%
• By 2050: 105,181 · -11.4%
• By 2075: 87,736 · -26.1%
• By 2100: 67,624 · -43.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Italian 5% Slovak 3% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8%
• 2008→2024 swing: -8.8pp toward R · 2008: -43.8pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+49.2 2016: R+52.4 2012: R+44.5 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.02%
• Current HPI: 244.71
• 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

2 events — show timeline

• 2026-05-01 Pending — VMLS
• 2026-04-29 Listed $99,900 VMLS

Property tax history

+5.8%/yr

Latest (2025): $340 · +35.8% YoY. Source: county tax records.