43 Harrison Dr · Level Plains, AL 36322

$157,000

3 bd · 2.0 ba · 1,967 sqft · SingleFamily public records · 159 Days on market

Built 1990 0.43 ac lot $80/sqft · 41% below area Est $266k · 41% under ↓ 21% 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 +19.8/30.0
• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• DSCR +6.3/10.0
• 1% rule +5.2/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

Key facts

• Formal dining room
• Brick exterior
• Deck in rear

Tags

• FIREPLACE IN LIVING ROOM
• FORMAL DINING ROOM
• DETACHED STORAGE SHED
• DECK IN REAR
• BRICK EXTERIOR
• BONUS ROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $157k.

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 ($2k rent vs $157k).
• Recommended offer: $138k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#438 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Daleville City (town): math 9% / reading 37% proficiency, ranked #97 of 129 in AL (top 75%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 41 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 38 units permitted in Dale County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($47k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $17k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Dale County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $44k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 159 days — a 12% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $43k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $138,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 159 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 1.02% ✓
• Cap rate: 7.71%
• Cash-on-cash: 5.07%
• DSCR: 1.23
• GRM: 8.1

CMA / ARV

• ARV (median comp): $266,330
• List price: $157,000
• Delta: -41.05%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 28.0%
• Equity multiple: 3.21×
• Total profit: $97,353
• Equity at exit: $141,438

10-year hold

• IRR: 24.4%
• Equity multiple: 7.31×
• Total profit: $277,441
• Equity at exit: $305,016

Cash invested: $43,960 (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 36322

• Home prices YoY: 31.4%
• Active inventory: 41
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,608 medium
• Mortgage (P&I): −$823
• Tax est. 1.5%: −$196 /mo · $2,355/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $186

Break-even live

Break-even rent $1,373

Max offer price $157,000

Occupancy floor 83%

Sensitivity live

Price	-10% $294	-5% $240	+0% $186	+5% $131	+10% $77
Rent	-10% $59	-5% $122	+0% $186	+5% $249	+10% $313
Rate	-1.0pp $265	-0.5pp $226	base $186	+0.5pp $145	+1.0pp $104

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: $39,250
• Closing costs: $4,710
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
469 Madison Ave Enterprise, AL	4.0	3.0	2130	$2,500	$1.17	45d	1	1.25mi

Listing history 29 events

1. 2026-06-21
   days on market $157,000 Active 159 DOM
2. 2026-06-19
   days on market $157,000 Active 157 DOM
3. 2026-06-18
   days on market $157,000 Active 156 DOM
4. 2026-06-17
   days on market $157,000 Active 155 DOM
5. 2026-06-16
   days on market $157,000 Active 154 DOM
6. 2026-06-15
   days on market $157,000 Active 153 DOM
7. 2026-06-14
   days on market $157,000 Active 151 DOM
8. 2026-06-12
   days on market $157,000 Active 150 DOM
9. 2026-06-09
   days on market $157,000 Active 147 DOM
10. 2026-06-08
    days on market $157,000 Active 146 DOM
11. 2026-06-07
    days on market $157,000 Active 145 DOM
12. 2026-06-05
    days on market $157,000 Active 142 DOM
13. 2026-06-03
    days on market $157,000 Active 141 DOM
14. 2026-06-02
    days on market $157,000 Active 140 DOM
15. 2026-06-01
    days on market $157,000 Active 139 DOM
16. 2026-05-31
    days on market $157,000 Active 138 DOM
17. 2026-05-30
    days on market $157,000 Active 137 DOM
18. 2026-05-12
    price $157,000 233-char remark

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

19. 2026-05-12
    price $157,000 181-char remark

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

20. 2026-05-12
    price $157,000

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

21. 2026-04-07
    price $170,900 181-char remark

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

22. 2026-04-07
    price $170,900 233-char remark

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

23. 2026-04-07
    price $170,900

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

24. 2026-02-27
    price $184,900 233-char remark

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

25. 2026-02-26
    price $184,900 181-char remark

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

26. 2026-02-26
    price $184,900

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

27. 2026-01-13
    listed $199,900 Active 233-char remark

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

28. 2026-01-13
    listed $199,900 Active

    Show marketing remark (233 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed. Minutes to Ft Rucker Enterprise OR Daleville gates.

29. 2026-01-12
    listed $199,900 Active 181-char remark

    Show marketing remark (181 chars)

    Three bedroom, 2.5 bath home with fireplace in the living room, formal dining room, and several bonus rooms. Brick exterior, 1 car carport, deck in rear and a detached storage shed.

ⓘ 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 ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,301
• − Mortgage interest: −$8,794
• − Property taxes: −$2,355
• − Insurance: −$785
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$4,567
• Taxable loss: −$289
• Est. tax savings @ 24.0%: +$69
• After-tax cash flow: $2,297/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: Daleville City
• NCES district ID: 0101080
• Math proficiency: 9% ▼ -18.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $45,865
• Composite: 19.89/100
• National rank: #8687
• State rank: #97 of 129 in AL

Livability — Level Plains

• Score: 55/100
• State rank: #438
• US rank: #23383

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Dale County · 7,959 people
• Metro: Ozark, AL
• Population (ZIP): 7,959
• Household income: $47,276
• Rent vs Own: 38.8% rent · 61.2% own
• Severe rent burden: 115.0

Population outlook (Dale County) Hauer SSP2

• Today (2025): 46,805 people
• By 2030: 45,176 · -3.5%
• By 2040: 41,523 · -11.3%
• By 2050: 37,575 · -19.7%
• By 2075: 28,931 · -38.2%
• By 2100: 22,172 · -52.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Black 23% Two or more races 9% Hispanic / Latino 7% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 3%
• Common ancestry: Lithuanian 3% Italian 2% Slovak 1%
• Foreign-born: 5% · South Korea, China, Canada
• Languages at home: 92% English-only · Spanish 4% Other Indo-European 1% Korean 1%

Political lean MEDSL · Dale

• 2024 margin: Solid R (+52.3) · D 23.5% · R 75.8%
• 2008→2024 swing: -7.7pp toward R · 2008: -44.6pp · 2024: -52.3pp
• All cycles: 2024: R+52.3 2020: R+46.3 2016: R+50.4 2012: R+42.2 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 49.15%
• Current HPI: 205.6
• Rent YoY: —
• Metro: Ozark, 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

-21.5% since first listed

12 events — show timeline

• 2026-05-12 Price Changed $157,000 SAMLS
• 2026-05-12 Price Changed $157,000 CAOR
• 2026-05-12 Price Changed $157,000 WBR
• 2026-04-07 Price Changed $170,900 CAOR
• 2026-04-07 Price Changed $170,900 SAMLS
• 2026-04-07 Price Changed $170,900 WBR
• 2026-02-27 Price Changed $184,900 SAMLS
• 2026-02-26 Price Changed $184,900 CAOR
• 2026-02-26 Price Changed $184,900 WBR
• 2026-01-13 Listed $199,900 SAMLS
• 2026-01-13 Listed $199,900 WBR
• 2026-01-12 Listed $199,900 CAOR