951 Wright St · Prattville, AL 36066

$160,000

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 59 Days on market

Built 1950 0.26 ac lot $128/sqft · 11% above area Est $144k · 11% over

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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 +23.0/30.0
• DSCR +7.4/10.0
• 1% rule +4.7/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• ARV discount +2.4/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

LOCATION, LOCATION!!!!!!! This 3-bedroom home with 1 full bathroom is located right in the heart of Prattville! This cute home has a spacious living/dining area, a kitchen window bar, and 3 additional bedrooms! Let the kids and pets run and play in the large fully fenced backyard. Where else are you going to find a home in Prattville for under $200,000? Get this one before it is gone!

Key facts

• 0.26 acre lot
• 2 parking spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $155k (3.2% below list).
• Recommended offer: $155k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 8.4% vs local median 4.2% in Prattville — 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 76/100 on livability (#11 in AL, #3,273 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities D, commute F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 235 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 221 units permitted in Autauga County in 2024 (0 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.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y 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 $135k; 19% 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, 80% 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 $154,801 (3.2% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.97% ✗
• Cap rate: 8.42%
• Cash-on-cash: 7.60%
• DSCR: 1.34
• GRM: 8.6

CMA / ARV

• ARV (median comp): $143,741
• List price: $160,000
• Delta: 11.31%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1013 Newton St	0.21mi	3/1.5	1,213 (-3%)	3mo	$175,000	$144	82
1175 Faulk Ave	0.54mi	3/1.0	1,241 (-1%)	7mo	$157,000	$127	69
137 Odell St	0.25mi	3/2.0	1,162 (-7%)	5mo	$168,000	$145	68
1292 Adell St	0.60mi	3/1.5	1,274 (+2%)	2mo	$175,000	$137	64
220 Radburn Way	0.61mi	3/2.0	1,232 (-1%)	2mo	$185,000	$150	64
345 Bedford Ter	0.55mi	4/2.0 (+1)	1,232 (-1%)	1mo	$180,000	$146	62
1306 Adell St	0.65mi	3/1.0	1,222 (-2%)	5mo	$165,000	$135	62
989 Newton St	0.20mi	4/2.0 (+1)	1,363 (+9%)	8mo	$165,000	$121	60
1032 Gillespie St	0.19mi	3/1.5	1,428 (+14%)	7mo	$179,000	$125	59
207 Primrose Dr	0.66mi	4/2.0 (+1)	1,305 (+5%)	1mo	$195,000	$149	51
206 Primrose Dr	0.67mi	4/2.0 (+1)	1,305 (+5%)	7mo	$167,000	$128	46
1216 Josephine Ct	0.70mi	3/2.0	1,387 (+11%)	9mo	$175,000	$126	37

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 · 2.86% rent growth · sell at horizon

5-year hold

• IRR: -4.9%
• Equity multiple: 0.82×
• Total profit: $-8,155
• Equity at exit: $23,857

10-year hold

• IRR: 4.6%
• Equity multiple: 1.33×
• Total profit: $14,954
• Equity at exit: $13,834

Cash invested: $44,800 (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 36066

• Home prices YoY: -13.4%
• Rents YoY: 2.9%
• Active inventory: 235
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,548 high
• Mortgage (P&I): −$839
• Tax from tax record: −$34 /mo · $402/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $284

Break-even live

Break-even rent $1,189

Max offer price $160,000

Occupancy floor 77%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
172 Chester St Prattville, AL	3.0	1.0	994	$1,400	$1.41	21d	1	0.09mi
1117 Newton St Prattville, AL	3.0	1.5	1422	$1,400	$0.98	43d	1	0.25mi
778 E 6th St Unit A Prattville, AL	2.0	1.5	1366	$925	$0.68	21d	1	0.30mi
107 Richmond Way Prattville, AL	3.0	2.0	1232	$1,400	$1.14	13d	1	0.54mi
551 E 6th St Prattville, AL	2.0	1.0	1372	$995	$0.73	43d	1	0.66mi
130 Graylynn Dr Prattville, AL	3.0	2.0	1281	$1,300	$1.01	13d	1	0.72mi
1214 Camellia Woods Ct Prattville, AL	3.0	2.0	1236	$1,475	$1.19	43d	1	0.79mi
435 Booth St Prattville, AL	3.0	1.0	1131	$1,400	$1.24	21d	1	0.92mi
348 Bent Tree Dr Prattville, AL	3.0	2.0	1323	$1,595	$1.21	43d	1	1.11mi
169 E 6th St Unit D Prattville, AL	2.0	2.0	1037	$1,050	$1.01	43d	1	1.18mi

Listing history 22 events

1. 2026-06-18
   days on market $160,000 Active 59 DOM
2. 2026-06-17
   days on market $160,000 Active 58 DOM
3. 2026-06-16
   days on market $160,000 Active 57 DOM
4. 2026-06-15
   days on market $160,000 Active 56 DOM
5. 2026-06-14
   days on market $160,000 Active 54 DOM
6. 2026-06-13
   days on market $160,000 Active 53 DOM
7. 2026-06-10
   days on market $160,000 Active 51 DOM
8. 2026-06-09
   days on market $160,000 Active 50 DOM
9. 2026-06-08
   days on market $160,000 Active 49 DOM
10. 2026-06-07
    days on market $160,000 Active 48 DOM
11. 2026-06-03
    days on market $160,000 Active 44 DOM
12. 2026-06-02
    days on market $160,000 Active 43 DOM
13. 2026-06-01
    days on market $160,000 Active 42 DOM
14. 2026-05-31
    days on market $160,000 Active 41 DOM
15. 2026-05-30
    days on market $160,000 Active 40 DOM
16. 2026-05-07
    status Active 387-char remark

    Show marketing remark (387 chars)

    LOCATION, LOCATION!!!!!!! This 3-bedroom home with 1 full bathroom is located right in the heart of Prattville! This cute home has a spacious living/dining area, a kitchen window bar, and 3 additional bedrooms! Let the kids and pets run and play in the large fully fenced backyard. Where else are you going to find a home in Prattville for under $200,000? Get this one before it is gone!

17. 2026-04-25
    historical Contingent 387-char remark

    Show marketing remark (387 chars)

    LOCATION, LOCATION!!!!!!! This 3-bedroom home with 1 full bathroom is located right in the heart of Prattville! This cute home has a spacious living/dining area, a kitchen window bar, and 3 additional bedrooms! Let the kids and pets run and play in the large fully fenced backyard. Where else are you going to find a home in Prattville for under $200,000? Get this one before it is gone!

18. 2026-04-20
    listed $160,000 Active 387-char remark

    Show marketing remark (387 chars)

    LOCATION, LOCATION!!!!!!! This 3-bedroom home with 1 full bathroom is located right in the heart of Prattville! This cute home has a spacious living/dining area, a kitchen window bar, and 3 additional bedrooms! Let the kids and pets run and play in the large fully fenced backyard. Where else are you going to find a home in Prattville for under $200,000? Get this one before it is gone!

19. 2022-07-11
    soldstatus $135,000
20. 2022-07-11
    soldstatus $135,000
21. 2022-07-08
    soldstatus $135,000 46-char remark

    Show marketing remark (46 chars)

    Beautiful home located in the Prattville Area.

22. 2022-05-12
    listed $144,900 46-char remark

    Show marketing remark (46 chars)

    Beautiful home located in the Prattville Area.

ⓘ 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: $402 · $34/mo
• Projected year-2 tax: $656 · $55/mo
• Expected delta: +$254/yr (+$21/mo · 63.2%)

ⓘ 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 ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $18,576
• − Mortgage interest: −$8,962
• − Property taxes: −$402
• − Insurance: −$800
• − Repairs & maintenance: −$1,486
• − Management: −$1,486
• − Depreciation: −$4,655
• Taxable income: $785
• Est. tax owed @ 24.0%: −$188
• After-tax cash flow: $3,216/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: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Prattville

• Score: 76/100
• State rank: #11
• US rank: #3273

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prattville, AL
• County: Autauga County · 50,925 people
• City population: 50,925
• Metro: Montgomery, AL
• Population (ZIP): 22,632
• Household income: $86,278
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 683.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 3% Lithuanian 2% Serbian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 3% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.80%
• Current HPI: 198.2636
• Rent YoY: ▲ 2.86%
• 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

+10.4% since first listed

7 events — show timeline

• 2026-05-07 Relisted — MAAR
• 2026-04-25 Contingent — MAAR
• 2026-04-20 Listed $160,000 MAAR
• 2022-07-11 Sold (Public Records) $135,000 Public Records
• 2022-07-11 Sold (Public Records) $135,000 Public Records
• 2022-07-08 Sold (MLS) $135,000 MAAR
• 2022-05-12 Listed $144,900 MAAR

Property tax history

-0.4%/yr

Latest (2025): $402 · +4.0% YoY. Source: county tax records.