231 Co Rd 1374 · Cullman, AL 35179

$79,900

5 bd · 2.0 ba · 1,904 sqft · SingleFamily · 198 Days on market

Built 2017 Fair condition 0.50 ac lot $42/sqft · 68% below area ↓ 27% 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
• ARV discount +7.5/15.0
• Appreciation +5.1/10.0
• Livability +3.6/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

Investors or Cash/In house loan Buyers this is a must see!!! This 2017 Double wide with 1900 sq ft 5 bedrooms on half acre wont last long. Owners have out grown this home and are ready to let it go to new owner. There are just few things that need a little love. AS IS. .. Storage Building/Metal Carport/Lean To DO NOT CONVEY. Buyer/Buyers Agent to verify all of importance.

Key facts

• 0.5 acre lot
• Built 2017
• Listed 198 days

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $919 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.1% vs local median 3.8% in Cullman — 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 71/100 on livability (#36 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: amenities C-, commute F, health & safety 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.
• 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 $649 of equity ($552 loan paydown + $97 appreciation (0.1% local appreciation)).
• At projected returns (0.1% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 198 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.

Recommended offer $70,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 198 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 2.33% ✓
• Cap rate: 20.09%
• Cash-on-cash: 49.28%
• DSCR: 3.19
• GRM: 3.6

CMA / ARV

• ARV (median comp): $251,934
• List price: $79,900
• Delta: -68.29%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 Co Rd 1346	0.74mi	4/2.5 (-1)	1,660 (-13%)	10mo	$249,000	$150	29

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: 50.9%
• Equity multiple: 3.53×
• Total profit: $56,661
• Equity at exit: $23,686

10-year hold

• IRR: 53.3%
• Equity multiple: 7.07×
• Total profit: $135,799
• Equity at exit: $28,863

Cash invested: $22,372 (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: 3.6×

Monthly cashflow live

• Estimated rent: $1,862 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$391
• Net cashflow: $919

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 46%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-15
   statusdays on market $79,900 Pending 198 DOM
2. 2026-06-14
   days on market $79,900 Active 197 DOM
3. 2026-06-12
   days on market $79,900 Active 196 DOM
4. 2026-06-09
   days on market $79,900 Active 193 DOM
5. 2026-06-08
   days on market $79,900 Active 192 DOM
6. 2026-06-07
   days on market $79,900 Active 191 DOM
7. 2026-06-05
   days on market $79,900 Active 188 DOM
8. 2026-06-03
   days on market $79,900 Active 187 DOM
9. 2026-06-02
   days on market $79,900 Active 186 DOM
10. 2026-06-01
    days on market $79,900 Active 185 DOM
11. 2026-05-31
    days on market $79,900 Active 184 DOM
12. 2026-05-30
    days on market $79,900 Active 183 DOM
13. 2026-05-18
    price $79,900 374-char remark

    Show marketing remark (374 chars)

    Investors or Cash/In house loan Buyers this is a must see!!! This 2017 Double wide with 1900 sq ft 5 bedrooms on half acre wont last long. Owners have out grown this home and are ready to let it go to new owner. There are just few things that need a little love. AS IS. .. Storage Building/Metal Carport/Lean To DO NOT CONVEY. Buyer/Buyers Agent to verify all of importance.

14. 2026-04-08
    price $99,900 374-char remark

    Show marketing remark (374 chars)

    Investors or Cash/In house loan Buyers this is a must see!!! This 2017 Double wide with 1900 sq ft 5 bedrooms on half acre wont last long. Owners have out grown this home and are ready to let it go to new owner. There are just few things that need a little love. AS IS. .. Storage Building/Metal Carport/Lean To DO NOT CONVEY. Buyer/Buyers Agent to verify all of importance.

15. 2025-11-27
    listed $109,000 Active 374-char remark

    Show marketing remark (374 chars)

    Investors or Cash/In house loan Buyers this is a must see!!! This 2017 Double wide with 1900 sq ft 5 bedrooms on half acre wont last long. Owners have out grown this home and are ready to let it go to new owner. There are just few things that need a little love. AS IS. .. Storage Building/Metal Carport/Lean To DO NOT CONVEY. Buyer/Buyers Agent to verify all of importance.

ⓘ 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 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $22,343
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,787
• − Management: −$1,787
• − Depreciation: −$2,324
• Taxable income: $10,370
• Est. tax owed @ 24.0%: −$2,489
• After-tax cash flow: $8,536/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 · 7 photos

Fair 45/100 Moderate rehab

This 2017 double-wide mobile home requires moderate repairs and maintenance to improve its condition and value. Key areas for improvement include the kitchen, exterior siding, and flooring. Paint and minor repairs will significantly enhance its curb appeal and interior aesthetics.

Repairs flagged

• Minor Kitchen cabinets — Worn appearance
• Minor Bathtub and shower curtain — Dirty appearance
• Moderate Exterior siding — Weathered appearance
• Minor Hardwood floors — Signs of wear

Value-add opportunities

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics
• Both Replace worn hardwood floors — New flooring enhances value and usability
• Both Clean and maintain landscaping — A well-maintained yard enhances curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Worn appearance	Minor	$500–3,000
Bathtub and shower curtain · Dirty appearance	Minor	$500–3,000
Exterior siding · Weathered appearance	Moderate	$3,000–15,000
Hardwood floors · Signs of wear	Minor	$500–3,000
Total estimated repair cost · 4 items		$4,500–24,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Replace worn kitchen cabinets — New cabinets improve functionality and aesthetics ↑
• Both Replace worn hardwood floors — New flooring enhances value and usability ↑
• Both Clean and maintain landscaping — A well-maintained yard enhances curb appeal and property 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: 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 — Cullman

• Score: 71/100
• State rank: #36
• US rank: #6789

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 34,660
• 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

-26.7% since first listed

3 events — show timeline

• 2026-05-18 Price Changed $79,900 SAARMLS
• 2026-04-08 Price Changed $99,900 SAARMLS
• 2025-11-27 Listed $109,000 SAARMLS