1284 Navaho St · Lockhart, AL N/A

$126,000

4 bd · 3.0 ba · 1,639 sqft · Manufactured · 3 Days on market

Built 1997 Fair condition 0.34 ac lot

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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 +21.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.8/10.0
• 1% rule +5.6/10.0
• Appreciation +5.0/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks

Situated in the town of Lockhart, Alabama, this spacious home offers plenty of room both inside and out. The property features built-in cabinetry, abundant storage, and a kitchen with ample cabinet space and a center island. Generously sized bedrooms provide flexibility, while the large covered back porch creates an inviting space for relaxing or entertaining. The fenced backyard offers added privacy and includes a fire pit area for outdoor enjoyment. With ongoing improvements and opportunities to add your personal touch, this property presents a chance to create a home that fits your vision in a small-town setting.

Key facts

• Built-in cabinetry
• Fire pit area
• Abundant storage

Tags

• BUILT-IN CABINETRY
• ABUNDANT STORAGE
• KITCHEN WITH CENTER ISLAND
• LARGE COVERED BACK PORCH
• FENCED BACKYARD
• FIRE PIT AREA

Property features AI

Finance

• HOA & community: Located in the Town of Lockhart subdivision

Exterior

• Utilities: Community water; Public sewer; Electric service
• Home design: Mobile home style; Single-story; Built in 1997
• Construction: Vinyl siding and trim
• Exterior features: Private yard; Yard building; Privacy fencing; Corner, level lot; Paved road frontage (county road)

Interior

• Kitchen: Eat-in kitchen; Refrigerator included; Kitchen island; Pantry
• Bedrooms: 4 bedrooms; Primary bedroom located on the first floor
• Flooring: Laminate flooring; Vinyl flooring; Carpet
• Bathrooms: 3 full bathrooms; Primary bathroom with double vanity
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Built-in bookcases; Kitchen island; Pantry; Wallpaper; Paneled walls
• Laundry & utility: Heat control (electric)

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath manufactured listed at $126k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $186 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $126k).

Location & tenants

• Location reads 63/100 on livability (#183 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, amenities F, commute F.
• Covington County (rural): math 27% / reading 50% proficiency, ranked #32 of 129 in AL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ws Harlan Elementary School (math 32% / reading 52%, grade F, #213 of 627 statewide, top 37%, 331 students, 72% FRL); Straughn Middle School (math 35% / reading 62%, grade C-, #28 of 257 statewide, top 11%, 318 students, 65% FRL); Florala High School (math 17% / reading 37%, grade F, #90 of 305 statewide, top 35%, 218 students, 74% FRL) — zoned schools average 70% FRL vs 52% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 13 units permitted in Covington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($871 loan paydown + $4k appreciation (3.0% local appreciation)).
• Covington County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,000

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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: 1.06% ✓
• Cap rate: 8.07%
• Cash-on-cash: 6.33%
• DSCR: 1.28
• GRM: 7.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.4%
• Equity multiple: 1.77×
• Total profit: $27,059
• Equity at exit: $56,655

10-year hold

• IRR: 15.3%
• Equity multiple: 3.26×
• Total profit: $79,754
• Equity at exit: $87,312

Cash invested: $35,280 (down + closing). Projections, not guarantees.

Monthly cashflow live

• Estimated rent: $1,338 medium
• Mortgage (P&I): −$661
• Tax est. 1.5%: −$158 /mo · $1,890/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$281
• Net cashflow: $186

Break-even live

Break-even rent $1,102

Max offer price $126,000

Occupancy floor 81%

Sensitivity live

Price	-10% $273	-5% $230	+0% $186	+5% $143	+10% $99
Rent	-10% $81	-5% $133	+0% $186	+5% $239	+10% $292
Rate	-1.0pp $250	-0.5pp $218	base $186	+0.5pp $154	+1.0pp $120

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: $31,500
• Closing costs: $3,780
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-21
   days on market $126,000 Active 3 DOM
2. 2026-06-18
   remarks 623-char remark
3. 2026-06-18
   listed $126,000 Active 1 DOM

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,055
• − Mortgage interest: −$7,058
• − Property taxes: −$1,890
• − Insurance: −$630
• − Repairs & maintenance: −$1,284
• − Management: −$1,284
• − Depreciation: −$3,665
• Taxable income: $243
• Est. tax owed @ 24.0%: −$58
• After-tax cash flow: $2,176/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

Fair 45/100 Moderate rehab

This home requires moderate renovations to improve its condition and increase its value. The kitchen and bathrooms need significant updates, and the interior walls require fresh paint. With these improvements, the home can become a move-in-ready property.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Major bathroom fixtures — dated and in need of replacement
• Moderate kitchen countertops — dated and in need of replacement
• Major bathroom flooring — dated and in need of replacement
• Major interior walls — peeling paint and need for fresh paint

Value-add opportunities

• Both paint interior walls — fresh paint can improve the home's appearance and value
• Both replace kitchen cabinets — new cabinets can increase the home's appeal and value
• Both replace bathroom fixtures — new fixtures can improve the home's appearance and value
• Both replace kitchen countertops — new countertops can improve the home's appearance and value
• Both replace bathroom flooring — new flooring can improve the home's appearance and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Major	$15,000–50,000
kitchen countertops · dated and in need of replacement	Moderate	$3,000–15,000
bathroom flooring · dated and in need of replacement	Major	$15,000–50,000
interior walls · peeling paint and need for fresh paint	Major	$15,000–50,000
Total estimated repair cost · 5 items		$51,000–180,000

Value-add ROI direction

• Both paint interior walls — fresh paint can improve the home's appearance and value ↑
• Both replace kitchen cabinets — new cabinets can increase the home's appeal and value ↑
• Both replace bathroom fixtures — new fixtures can improve the home's appearance and value ↑
• Both replace kitchen countertops — new countertops can improve the home's appearance and value ↑
• Both replace bathroom flooring — new flooring can improve the home's appearance and 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: Covington County
• NCES district ID: 0100930
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $39,213
• Composite: 32.13/100
• National rank: #5797
• State rank: #32 of 129 in AL

Livability — Lockhart

• Score: 63/100
• State rank: #183
• US rank: #15412

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lockhart, AL

Population outlook (Covington County) Hauer SSP2

• Today (2025): 37,007 people
• By 2030: 36,401 · -1.6%
• By 2040: 34,983 · -5.5%
• By 2050: 33,437 · -9.6%
• By 2075: 29,753 · -19.6%
• By 2100: 25,109 · -32.2%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

• 2026-06-17 Listed $126,000 ECAR