1470 Avon Rd · Dothan, AL 36312

$69,999

3 bd · 2.0 ba · 1,706 sqft · SingleFamily public records · 5 Days on market

Built 1950 0.87 ac lot $41/sqft · 72% below area ↓ 20% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.5/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

Key facts

• Wood flooring
• Custom cabinetry
• Wooden cabinetry

Tags

• WOODEN CABINETRY
• LAMINATE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• WOOD FLOORING
• FIREPLACE
• CUSTOM CABINETRY

Property features AI

Finance

• Other: Parcel ID available
• Financial info: No investor or income/expense information provided
• HOA & community: No association fees

Exterior

• Parking: Off-street parking
• Security: No security features listed
• Utilities: Public water; Connected sewer; Internet service availability unknown
• Home design: Existing property; Single-story living areas (rooms listed at level 1); Exterior: Brick over foundation and vinyl siding; Slab foundation
• Construction: Brick over foundation and vinyl siding construction
• Exterior features: No waterfront; No pool; No patio, deck, or garden/patio listed; Lot is approximately 0.87 acres; Flood plain: No; No notable lot view

Interior

• Kitchen: Laminate countertops; Gas cooktop; Built-in microwave; Refrigerator
• Bedrooms: Two bedrooms on level 1
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms (one with a separate shower)
• Heating & cooling: No central heat (listed as no heat); Window unit cooling
• Interior features: Ceilings: Other (see remarks); No additional built-in interior features listed; One wood-burning fireplace with a brick insert in the living room
• Laundry & utility: No laundry equipment listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $669 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 17.8% vs local median 4.4% in Dothan — 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 (#146 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, crime F, amenities F.
• Houston County (rural): math 25% / reading 49% proficiency, ranked #38 of 129 in AL (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ashford Elementary School (math 21% / reading 51%, grade F, #286 of 627 statewide, top 46%, 625 students, 68% FRL); Ashford High School (math 9% / reading 32%, grade F, #159 of 305 statewide, top 53%, 399 students, 62% FRL).
• Market conditions: 86 active listings in the ZIP; 463 units permitted in Houston County in 2024 (96 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($484 loan paydown + $5k appreciation (7.0% local appreciation)).
• Houston County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (7.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 3y 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.
• Current owner paid $60k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $69,999

Questions for the listing agent

1. Built in 1950 — 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. Crime grade is F 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: 2.03% ✓
• Cap rate: 17.77%
• Cash-on-cash: 40.97%
• DSCR: 2.82
• GRM: 4.1

CMA / ARV

• ARV (median comp): $251,881
• List price: $69,999
• Delta: -72.21%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

6.96% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 51.9%
• Equity multiple: 4.41×
• Total profit: $66,903
• Equity at exit: $48,329

10-year hold

• IRR: 48.0%
• Equity multiple: 9.30×
• Total profit: $162,596
• Equity at exit: $91,641

Cash invested: $19,600 (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 36312

• Home prices YoY: 3.8%
• Active inventory: 86
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,423 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$59 /mo · $706/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $669

Break-even live

Break-even rent $576

Max offer price $69,999

Occupancy floor 48%

Sensitivity live

Price	-10% $709	-5% $689	+0% $669	+5% $649	+10% $630
Rent	-10% $557	-5% $613	+0% $669	+5% $725	+10% $782
Rate	-1.0pp $704	-0.5pp $687	base $669	+0.5pp $651	+1.0pp $633

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-05-06
   status Pending 758-char remark
2. 2026-05-01
   listed $69,999 Active 758-char remark
3. 2025-03-21
   soldstatus $59,900 Closed 389-char remark

   Show marketing remark (388 chars)

   Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

4. 2025-03-21
   soldstatus $59,900 Closed

   Show marketing remark (388 chars)

   Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

5. 2025-03-04
   status Pending 389-char remark

   Show marketing remark (389 chars)

   Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

6. 2024-12-20
   listed $59,900 Active

   Show marketing remark (388 chars)

   Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

7. 2024-12-19
   listed $59,900 Active 389-char remark

   Show marketing remark (389 chars)

   Open Floor Plan. Lvrm Room has Fireplace w/ Insert. Bonus Room off Kitchen is spacious and Hook-Ups for Washer/Dryer are Free Standing (in corner). Master Bdrm is oversized & Master Bath has Step-In Shower. A Sliding Glass Door off Kitchen leads to rear of property. Home needs some TLC. There is no Central Heat/Air (Window Units) Water is Dothan. New Drive installed for property.

8. 2024-03-06
   listed $69,900 Active
9. 2023-08-23
   status Active
10. 2023-08-18
    historical
11. 2023-07-20
    price $79,900
12. 2023-05-17
    listed $87,000 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: $706 · $59/mo
• Projected year-2 tax: $706 · $59/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 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,079
• − Mortgage interest: −$3,921
• − Property taxes: −$706
• − Insurance: −$350
• − Repairs & maintenance: −$1,366
• − Management: −$1,366
• − Depreciation: −$2,036
• Taxable income: $7,332
• Est. tax owed @ 24.0%: −$1,760
• After-tax cash flow: $6,271/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: Houston County
• NCES district ID: 0101770
• Math proficiency: 25% ▼ -33.00%
• Reading proficiency: 49% ▼ -1.00%
• Median HH income: $40,530
• Composite: 31.01/100
• National rank: #6092
• State rank: #38 of 129 in AL

Livability — Dothan

• Score: 64/100
• State rank: #146
• US rank: #13662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 47,783
• Population (ZIP): 6,147

Population outlook (Houston County) Hauer SSP2

• Today (2025): 110,280 people
• By 2030: 112,668 · +2.2%
• By 2040: 116,149 · +5.3%
• By 2050: 117,805 · +6.8%
• By 2075: 118,577 · +7.5%
• By 2100: 110,940 · +0.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 12% Two or more races 6% Hispanic / Latino 5%
• Common ancestry: Slovak 2% Lithuanian 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Houston

• 2024 margin: Solid R (+47.8) · D 25.7% · R 73.5%
• 2008→2024 swing: -7.0pp toward R · 2008: -40.8pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+42.7 2016: R+47.6 2012: R+40.3 2008: R+40.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.96%
• Current HPI: 189.0364
• 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

-19.5% since first listed

12 events — show timeline

• 2026-05-06 Pending — Greater Alabama MLS
• 2026-05-01 Listed $69,999 Greater Alabama MLS
• 2025-03-21 Sold (MLS) $59,900 WBR
• 2025-03-21 Sold (MLS) $59,900 SAMLS
• 2025-03-04 Pending — SAMLS
• 2024-12-20 Listed $59,900 WBR
• 2024-12-19 Listed $59,900 SAMLS
• 2024-03-06 Listed $69,900 SAMLS
• 2023-08-23 Relisted — SAMLS
• 2023-08-18 Delisted — SAMLS
• 2023-07-20 Price Changed $79,900 SAMLS
• 2023-05-17 Listed $87,000 SAMLS

Property tax history

+17.0%/yr

Latest (2025): $706 · +4.0% YoY. Source: county tax records.