348 County Road 1347 · South Vinemont, AL 35179

$189,000

3 bd · 2.0 ba · 1,680 sqft · SingleFamily public records · 38 Days on market

Built 1975 0.90 ac lot $112/sqft · at area comps Est $261k · 28% under

---

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 +20.4/30.0
• ARV discount +15.0/15.0
• DSCR +6.5/10.0
• Appreciation +5.1/10.0
• 1% rule +4.2/10.0
• Schools +2.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

This inviting 3BR/2BA home offers a comfortable layout with space to fit a variety of lifestyles. Inside, you will find a welcoming primary bedroom, bright living areas, and a basement that provides added flexibility for storage, hobbies, a workshop, or additional recreational space. Outside, the spacious lot offers plenty of room to enjoy the outdoors, whether you are gardening, entertaining, or simply relaxing and taking in the peaceful setting. Conveniently located near local amenities, and schools, this property combines everyday convenience with the feel of extra breathing room. Whether you are searching for your first home, more space, or a fresh start, this property offers a great op

Key facts

• Basement
• Spacious lot
• Local amenities

Tags

• PRIMARY BEDROOM
• BRIGHT LIVING AREAS
• BASEMENT
• SPACIOUS LOT
• LOCAL AMENITIES
• SCHOOLS

Property features AI

Finance

• Other: 0.9-acre lot; Not in a flood plain
• Financial info: Monthly garbage fee applies

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Electric water heater; Internet service available
• Home design: Existing single-family home; Basement entry level (finished basement area)
• Construction: Brick over foundation with other siding; Basement foundation; Concrete block basement; Decks present
• Exterior features: Fenced yard; Storage building; Workshop; Porch; Open deck

Interior

• Kitchen: Electric cooktop; Built-in dishwasher; Electric oven; Laminate countertops; Breakfast bar; Pantry
• Bedrooms: Master bedroom on main level; Two additional bedrooms on main level; Bonus room in the finished basement
• Flooring: Hardwood flooring; Subflooring
• Bathrooms: Two full bathrooms with tub/shower combos
• Heating & cooling: Central heat and air; Electric heat pump
• Interior features: 9-foot+ ceilings; Multiple staircases; Brick, ventless gas fireplace with gas logs in the living room; Window coverings remain
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry located in the basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $246 ($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 $175k (7.5% below list).
• Recommended offer: $175k (7.5% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 55/100 on livability (#432 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment F.
• Cullman County (rural): math 19% / reading 49% proficiency, ranked #49 of 129 in AL (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Vinemont Elementary School (math 29% / reading 58%, grade F, #202 of 627 statewide, top 32%, 483 students, 68% FRL); Vinemont High School (math 27% / reading 17%, grade F, #142 of 305 statewide, top 51%, 362 students, 58% FRL).
• Market conditions: 80 active listings in the ZIP; 180 units permitted in Cullman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($1k loan paydown + $229 appreciation (0.1% local appreciation)).
• At projected returns (0.1% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($183k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y ago; this cycle's ask has dropped $20k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $174,792 (7.5% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — 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. 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: 0.92% ✗
• Cap rate: 7.86%
• Cash-on-cash: 5.59%
• DSCR: 1.25
• GRM: 9.0

CMA / ARV

• ARV (median comp): $261,462
• List price: $189,000
• Delta: -27.71%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 Co Rd 1346	0.12mi	4/2.5 (+1)	1,660 (-1%)	10mo	$249,000	$150	78
219 Co Rd 1347	0.08mi	3/2.0	1,648 (-2%)	22mo	$237,000	$144	75
35 Co Rd 1347	0.07mi	3/2.0	1,484 (-12%)	13mo	$239,900	$162	66
587 Co Rd 1343	0.31mi	4/2.0 (+1)	1,512 (-10%)	11mo	$180,000	$119	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.12% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.21×
• Total profit: $11,160
• Equity at exit: $56,029

10-year hold

• IRR: 9.5%
• Equity multiple: 2.05×
• Total profit: $55,619
• Equity at exit: $68,273

Cash invested: $52,920 (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 35179

• Home prices YoY: 0.0%
• Active inventory: 80
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,748 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$65 /mo · $776/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$367
• Net cashflow: $246

Break-even live

Break-even rent $1,436

Max offer price $189,000

Occupancy floor 81%

Sensitivity live

Price	-10% $353	-5% $300	+0% $246	+5% $193	+10% $139
Rent	-10% $108	-5% $177	+0% $246	+5% $315	+10% $384
Rate	-1.0pp $341	-0.5pp $294	base $246	+0.5pp $197	+1.0pp $148

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $189,000 Active 38 DOM
2. 2026-06-18
   days on market $189,000 Active 37 DOM
3. 2026-06-17
   days on market $189,000 Active 36 DOM
4. 2026-06-16
   days on market $189,000 Active 35 DOM
5. 2026-06-15
   days on market $189,000 Active 34 DOM
6. 2026-06-14
   days on market $189,000 Active 32 DOM
7. 2026-06-12
   days on market $189,000 Active 31 DOM
8. 2026-06-09
   days on market $189,000 Active 28 DOM
9. 2026-06-08
   days on market $189,000 Active 27 DOM
10. 2026-06-07
    days on market $189,000 Active 26 DOM
11. 2026-06-05
    days on market $189,000 Active 23 DOM
12. 2026-06-03
    days on market $189,000 Active 22 DOM
13. 2026-06-02
    days on market $189,000 Active 21 DOM
14. 2026-06-01
    days on market $189,000 Active 20 DOM
15. 2026-05-31
    days on market $189,000 Active 19 DOM
16. 2026-05-30
    days on market $189,000 Active 18 DOM
17. 2026-05-12
    listed $209,000 Active 815-char remark
18. 2024-01-22
    status Active
19. 2024-01-20
    historical Active Under Contract
20. 2023-09-18
    listed $230,000 Active
21. 2023-05-26
    price $249,900
22. 2023-04-22
    listed $254,900 Active
23. 2023-03-07
    price $260,900
24. 2023-01-16
    listed $262,640 Active
25. 2003-04-16
    listed $99,200

ⓘ 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: $776 · $65/mo
• Projected year-2 tax: $776 · $65/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 4/10 Moderate 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $20,975
• − Mortgage interest: −$10,587
• − Property taxes: −$776
• − Insurance: −$945
• − Repairs & maintenance: −$1,678
• − Management: −$1,678
• − Depreciation: −$5,498
• Taxable loss: −$187
• Est. tax savings @ 24.0%: +$45
• After-tax cash flow: $3,001/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: Cullman County
• NCES district ID: 0101020
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 49% ▲ 1.00%
• Median HH income: $39,449
• Composite: 28.39/100
• National rank: #6767
• State rank: #49 of 129 in AL

Livability — South Vinemont

• Score: 55/100
• State rank: #432
• US rank: #23262

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,957

Population outlook (Cullman County) Hauer SSP2

• Today (2025): 84,522 people
• By 2030: 85,402 · +1.0%
• By 2040: 86,152 · +1.9%
• By 2050: 85,202 · +0.8%
• By 2075: 79,679 · -5.7%
• By 2100: 66,943 · -20.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 10% Black 1%
• Hispanic origin (detail): Mexican 7% Cuban 1%
• Common ancestry: Iranian 2% Slovak 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Cullman

• 2024 margin: Solid R (+80.5) · D 9.4% · R 89.9%
• 2008→2024 swing: -15.3pp toward R · 2008: -65.2pp · 2024: -80.5pp
• All cycles: 2024: R+80.5 2020: R+77.4 2016: R+77.8 2012: R+69.5 2008: R+65.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.12%
• Current HPI: 272.8749
• 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

+90.5% since first listed

11 events — show timeline

• 2026-05-30 Price Changed $189,000 Greater Alabama MLS
• 2026-05-23 Price Changed $199,000 Greater Alabama MLS
• 2026-05-12 Listed $209,000 Greater Alabama MLS
• 2024-01-22 Relisted — SAARMLS
• 2024-01-20 Contingent — SAARMLS
• 2023-09-18 Listed $230,000 SAARMLS
• 2023-05-26 Price Changed $249,900 SAARMLS
• 2023-04-22 Listed $254,900 SAARMLS
• 2023-03-07 Price Changed $260,900 SAARMLS
• 2023-01-16 Listed $262,640 SAARMLS
• 2003-04-16 Listed $99,200 SAARMLS

Property tax history

+12.2%/yr

Latest (2025): $776 · +212.2% YoY. Source: county tax records.