509 Mountain View Rd · West End-Cobb Town, AL 36201

$15,000

3 bd · 2.0 ba · 1,260 sqft · SingleFamily public records · 2 Days on market

Built 1982 0.27 ac lot

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Why this score? — see what drove the D 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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Investor opportunity! This handyman special is full of potential and ready for the right buyer to bring it back to life. Current layout includes 2 bedrooms and 1 full bath upstairs, along with a separate primary bedroom and bath on the main level for added privacy and flexibility. Situated on a wooded 0.27± acre lot, this property offers a peaceful setting while still being conveniently located close to town. Whether you’re an investor looking for your next project, a flipper, or a buyer wanting to customize a home to fit your vision, this property offers endless possibilities at an affordable price point. Property is being sold as-is. Use caution when entering and viewing the

Key facts

• Added privacy
• Wooded lot
• Conveniently located

Tags

• WOODED LOT
• SEPARATE PRIMARY BEDROOM
• ADDED PRIVACY
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Lot size approximately 0.27 acres; Subdivision: MOUNTAINVIEW

Exterior

• Parking: Driveway parking; Off-street parking
• Utilities: Public water; Septic system; Internet service available
• Home design: Existing construction; Tri-level: no; Split level: no; Split foyer: no
• Construction: Wood siding; Crawl space foundation
• Exterior features: Open deck; No pool; No patio; No garden/patio; Not waterfront

Interior

• Kitchen: Laminate countertops; Kitchen on main level
• Bedrooms: Master bedroom on main level; Two additional bedrooms on upper level
• Flooring: Subflooring
• Bathrooms: Two full bathrooms; Tub/shower combo
• Heating & cooling: No heat; No air conditioning
• Interior features: Handyman special; Attic present; Ceilings: other (see remarks); Subflooring
• Laundry & utility: Mud room on main level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $920 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Calhoun County (rural): math 19% / reading 49% proficiency, ranked #46 of 129 in AL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Wellborn Elementary School (math 20% / reading 39%, grade F, #367 of 627 statewide, top 60%, 582 students, 83% FRL); Wellborn High School (math 8% / reading 36%, grade F, #142 of 305 statewide, top 51%, 491 students, 81% FRL) — zoned schools average 82% FRL vs 49% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 73 active listings in the ZIP; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Calhoun County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $15,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
3. 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.
4. 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.
5. 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: 8.57% ✓
• Cap rate: 79.90%
• Cash-on-cash: 262.89%
• DSCR: 12.70
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $141,120
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2321 C St	0.17mi	3/2.0	1,381 (+10%)	17mo	$155,000	$112	61
602 Mountainview Rd	0.04mi	2/1.0 (-1)	1,130 (-10%)	22mo	$49,900	$44	54
211 Corning St	0.67mi	2/2.0 (-1)	1,216 (-4%)	11mo	$155,000	$127	49

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: —
• Equity multiple: 14.38×
• Total profit: $56,186
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 30.63×
• Total profit: $124,444
• Equity at exit: $1,297

Cash invested: $4,200 (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 36201

• Active inventory: 73
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $1,286 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$11 /mo · $128/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $920

Break-even live

Break-even rent $121

Max offer price $15,000

Occupancy floor 23%

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-07
   statusdays on market $15,000 Pending 2 DOM
2. 2026-06-03
   remarks 686-char remark
3. 2026-06-03
   listed $15,000 Active 1 DOM

ⓘ 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: $128 · $11/mo
• Projected year-2 tax: $128 · $11/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 5/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,428
• − Mortgage interest: −$840
• − Property taxes: −$128
• − Insurance: −$75
• − Repairs & maintenance: −$1,234
• − Management: −$1,234
• − Depreciation: −$436
• Taxable income: $11,480
• Est. tax owed @ 24.0%: −$2,755
• After-tax cash flow: $8,286/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: Calhoun County
• NCES district ID: 0100540
• Math proficiency: 19% ▼ -26.00%
• Reading proficiency: 49% ▬ 0.00%
• Median HH income: $44,891
• Composite: 28.91/100
• National rank: #6635
• State rank: #46 of 129 in AL

Livability — West End-Cobb Town

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: West End-Cobb Town, AL
• City population: 17,406
• Population (ZIP): 17,406

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 47% Black 46% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Lithuanian 2% Slovak 1% Scandinavian 1%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -78.92%
• Current HPI: 59.1512
• 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

1 event — show timeline

• 2026-06-03 Listed $15,000 Greater Alabama MLS

Property tax history

+1.0%/yr

Latest (2025): $128 · -5.9% YoY. Source: county tax records.