115 Stevenson Dr · Guntersville, AL 35976

$140,000

3 bd · 1.5 ba · 1,805 sqft · SingleFamily public records · 141 Days on market

Built 1960 0.35 ac lot $78/sqft · 54% below area

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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
• DSCR +10.0/10.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

Key facts

• Brick rancher
• Solid concrete drive
• Dar school district

Tags

• BRICK RANCHER
• SOLID CONCRETE DRIVE
• DAR SCHOOL DISTRICT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $633 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.7% vs local median 2.1% in Guntersville — 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 59/100 on livability (#323 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, schools D.
• Marshall County (rural): math 14% / reading 38% proficiency, ranked #86 of 129 in AL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 467 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $49k (26%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $50k; list at $140k implies a 180% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 141 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.35% ✓
• Cap rate: 11.72%
• Cash-on-cash: 19.39%
• DSCR: 1.86
• GRM: 6.2

CMA / ARV

• ARV (median comp): $311,169
• List price: $140,000
• Delta: -55.01%
• Verdict: UNDERPRICED
• Comps: 18 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35 Baptist Camp Rd	0.65mi	3/2.0	1,827 (+1%)	2mo	$225,000	$123	64
81 Serenity St	0.10mi	3/2.0	1,594 (-12%)	16mo	$315,000	$198	61
160 Adventure Rd	0.72mi	3/2.0	1,636 (-9%)	17mo	$400,000	$244	34

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.3%
• Equity multiple: 1.45×
• Total profit: $17,622
• Equity at exit: $20,874

10-year hold

• IRR: 20.3%
• Equity multiple: 2.71×
• Total profit: $67,137
• Equity at exit: $12,105

Cash invested: $39,200 (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 35976

• Home prices YoY: -25.1%
• Active inventory: 467
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,886 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$64 /mo · $767/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $633

Break-even live

Break-even rent $1,084

Max offer price $140,000

Occupancy floor 61%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41 Cattail CT Guntersville, AL	4.0	2.0	1841	$1,886	$1.02	43d	1	0.92mi

Listing history 23 events

1. 2026-06-18
   days on market $140,000 Active 141 DOM
2. 2026-06-17
   days on market $140,000 Active 140 DOM
3. 2026-06-16
   days on market $140,000 Active 139 DOM
4. 2026-06-15
   days on market $140,000 Active 138 DOM
5. 2026-06-14
   days on market $140,000 Active 136 DOM
6. 2026-06-13
   days on market $140,000 Active 135 DOM
7. 2026-06-10
   days on market $140,000 Active 133 DOM
8. 2026-06-09
   days on market $140,000 Active 132 DOM
9. 2026-06-08
   days on market $140,000 Active 131 DOM
10. 2026-06-07
    days on market $140,000 Active 130 DOM
11. 2026-06-05
    days on market $140,000 Active 127 DOM
12. 2026-06-03
    days on market $140,000 Active 126 DOM
13. 2026-06-02
    days on market $140,000 Active 125 DOM
14. 2026-06-01
    days on market $140,000 Active 124 DOM
15. 2026-05-31
    days on market $140,000 Active 123 DOM
16. 2026-05-30
    days on market $140,000 Active 122 DOM
17. 2026-03-27
    status Active 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

18. 2026-03-27
    price $140,000 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

19. 2026-03-16
    historical Contingent 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

20. 2026-02-26
    price $175,000 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

21. 2026-02-12
    price $180,000 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

22. 2026-01-28
    listed $189,000 Active 678-char remark

    Show marketing remark (678 chars)

    Classic brick rancher with endless potential located in desirable Guntersville AL. This 1,831 sq ft brick rancher offers the space you've been looking for. Built in 1960, this home features a functional 3 bed 2 bath layout and has a nice solid concrete drive to park your boat. Whether you're an investor looking for a high-potential rental or a homeowner ready to customize a classic, this property is a standout opportunity located in the DAR school district, your minutes away from Lake Guntersville and all the charm Guntersville has to offer. Sold AS-IS offering a fantastic opportunity to renovate and gain instant equity. AL Hwy 79 and US 431 are less than a minute away.

23. 2018-10-19
    soldstatus $50,000

ⓘ 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: $767 · $64/mo
• Projected year-2 tax: $767 · $64/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 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: $22,632
• − Mortgage interest: −$7,842
• − Property taxes: −$767
• − Insurance: −$700
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − Depreciation: −$4,073
• Taxable income: $5,629
• Est. tax owed @ 24.0%: −$1,351
• After-tax cash flow: $6,251/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: Marshall County
• NCES district ID: 0100006
• Math proficiency: 14% ▼ -26.00%
• Reading proficiency: 38% ▲ 2.00%
• Median HH income: $40,439
• Composite: 21.88/100
• National rank: #8234
• State rank: #86 of 129 in AL

Livability — Guntersville

• Score: 59/100
• State rank: #323
• US rank: #19857

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 16,604
• Population (ZIP): 16,604

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 6% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Serbian 2% Italian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.75%
• Current HPI: 223.0157
• 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

+180.0% since first listed

7 events — show timeline

• 2026-03-27 Relisted — VMLS
• 2026-03-27 Price Changed $140,000 VMLS
• 2026-03-16 Contingent — VMLS
• 2026-02-26 Price Changed $175,000 VMLS
• 2026-02-12 Price Changed $180,000 VMLS
• 2026-01-28 Listed $189,000 VMLS
• 2018-10-19 Sold (Public Records) $50,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $767 · +6.9% YoY. Source: county tax records.