1406 34th St · Haleyville, AL 35565

$155,500

4 bd · 1.0 ba · 1,663 sqft · SingleFamily public records · 45 Days on market

Built 1960 3,484 sqft lot $94/sqft · 11% above area Est $140k · 11% over ↓ 6% since listing

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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 +15.5/30.0
• Appreciation +7.3/10.0
• DSCR +4.8/10.0
• 1% rule +3.0/10.0
• Livability +3.0/5.0
• Schools +2.8/10.0
• ARV discount +2.6/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Spacious split-level home featuring a large living area with fireplace, oversized kitchen with island seating, and enclosed carport area for additional flexible space. New metal roof installed July 2018 and new water heater in 2025. Situated on 2 lots each 0.4acres. Property sold AS-IS

Key facts

• New metal roof
• Large living area
• Oversized kitchen

Tags

• LARGE LIVING AREA
• OVERSIZED KITCHEN
• ENCLOSED CARPORT AREA
• NEW METAL ROOF
• NEW WATER HEATER
• 2 LOTS

Property features AI

Exterior

• Parking: Parking pad
• Utilities: Septic sewer
• Home design: Single-family residential property; Residential property type
• Construction: Brick construction
• Exterior features: Metal roof

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric range
• Flooring: Vinyl flooring; Carpet flooring
• Heating & cooling: Central heating (electric); Central air conditioning (electric)
• Interior features: Wood-burning fireplace

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $156k.

Deal economics

• At list price, monthly cash flow is $62 ($744/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 $124k (20.0% below list).
• Recommended offer: $124k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.6% in Haleyville — 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 60/100 on livability (#287 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Haleyville City (rural): math 23% / reading 47% proficiency, ranked #50 of 129 in AL (top 39%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Haleyville Elementary School (math 29% / reading 51%, grade F, #241 of 627 statewide, top 38%, 808 students, 70% FRL); Haleyville Middle School (math 17% / reading 46%, grade F, #114 of 257 statewide, top 45%, 357 students, 69% FRL); Haleyville High School (math 22% / reading 32%, grade F, #90 of 305 statewide, top 35%, 479 students, 64% FRL) — zoned schools average 68% FRL vs 51% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 78 active listings in the ZIP; 1 units permitted in Winston County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (4.6% local appreciation)).
• Winston County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (4.6% appreciation + 3.0% rent growth), your $44k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($151k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $124,382 (20.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 20% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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. 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?
7. 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.
8. 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.
9. 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: 0.80% ✗
• Cap rate: 6.77%
• Cash-on-cash: 1.71%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (median comp): $140,247
• List price: $155,500
• Delta: 10.88%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
902 35th St	0.39mi	3/2.0 (-1)	1,732 (+4%)	4mo	$201,000	$116	62
3002 19th Ave	0.53mi	3/1.0 (-1)	1,740 (+5%)	18mo	$145,000	$83	47
2922 11th Ave	0.47mi	3/2.0 (-1)	1,488 (-10%)	12mo	$35,000	$24	42
3105 16th Ave	0.27mi	3/2.0 (-1)	1,452 (-13%)	22mo	$142,000	$98	38
3018 20th Ave	0.57mi	3/2.0 (-1)	1,549 (-7%)	21mo	$195,000	$126	36
2822 18th Ave	0.54mi	3/2.0 (-1)	1,875 (+13%)	17mo	$177,000	$94	31
2822 Littleville Rd	0.71mi	3/2.0 (-1)	1,879 (+13%)	12mo	$212,000	$113	26

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

Projected returns pro-forma

4.62% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.4%
• Equity multiple: 1.84×
• Total profit: $36,394
• Equity at exit: $84,587

10-year hold

• IRR: 14.4%
• Equity multiple: 3.48×
• Total profit: $108,128
• Equity at exit: $143,145

Cash invested: $43,540 (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 35565

• Home prices YoY: 3.5%
• Active inventory: 78
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,244 medium
• Mortgage (P&I): −$815
• Tax from tax record: −$40 /mo · $484/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $62

Break-even live

Break-even rent $1,165

Max offer price $155,500

Occupancy floor 90%

Sensitivity live

Price	-10% $150	-5% $106	+0% $62	+5% $18	+10% $-26
Rent	-10% $-36	-5% $13	+0% $62	+5% $111	+10% $160
Rate	-1.0pp $140	-0.5pp $102	base $62	+0.5pp $22	+1.0pp $-19

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: $38,875
• Closing costs: $4,665
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-22
   days on market $155,500 Active 45 DOM
2. 2026-06-21
   days on market $155,500 Active 44 DOM
3. 2026-06-19
   days on market $155,500 Active 42 DOM
4. 2026-06-18
   days on market $155,500 Active 41 DOM
5. 2026-06-17
   days on market $155,500 Active 40 DOM
6. 2026-06-16
   days on market $155,500 Active 39 DOM
7. 2026-06-15
   days on market $155,500 Active 38 DOM
8. 2026-06-14
   days on market $155,500 Active 36 DOM
9. 2026-06-12
   days on market $155,500 Active 35 DOM
10. 2026-06-09
    days on market $155,500 Active 32 DOM
11. 2026-06-08
    days on market $155,500 Active 31 DOM
12. 2026-06-07
    days on market $155,500 Active 30 DOM
13. 2026-06-07
    days on market $155,500 Active 29 DOM
14. 2026-06-04
    days on market $155,500 Active 26 DOM
15. 2026-06-02
    days on market $155,500 Active 25 DOM
16. 2026-06-01
    days on market $155,500 Active 24 DOM
17. 2026-05-31
    days on market $155,500 Active 23 DOM
18. 2026-05-31
    days on market $155,500 Active 22 DOM
19. 2026-05-08
    listed $165,900 Active 286-char remark

ⓘ 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: $484 · $40/mo
• Projected year-2 tax: $638 · $53/mo
• Expected delta: +$153/yr (+$13/mo · 31.7%)

ⓘ 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 · 19 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,926
• − Mortgage interest: −$8,710
• − Property taxes: −$484
• − Insurance: −$778
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$4,524
• Taxable loss: −$1,958
• Est. tax savings @ 24.0%: +$470
• After-tax cash flow: $1,214/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: Haleyville City
• NCES district ID: 0101720
• Math proficiency: 23% ▼ -24.00%
• Reading proficiency: 47% ▲ 10.00%
• Median HH income: $29,581
• Composite: 28.3/100
• National rank: #6787
• State rank: #50 of 129 in AL

Livability — Haleyville

• Score: 60/100
• State rank: #287
• US rank: #18676

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Haleyville, AL
• Population (ZIP): 10,815

Population outlook (Winston County) Hauer SSP2

• Today (2025): 22,474 people
• By 2030: 21,568 · -4.0%
• By 2040: 19,710 · -12.3%
• By 2050: 17,950 · -20.1%
• By 2075: 14,468 · -35.6%
• By 2100: 11,554 · -48.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 7% Two or more races 2% Black 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 1% Slovak 1% Iranian 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Winston

• 2024 margin: Solid R (+83.6) · D 7.9% · R 91.6%
• 2008→2024 swing: -20.4pp toward R · 2008: -63.3pp · 2024: -83.6pp
• All cycles: 2024: R+83.6 2020: R+81.7 2016: R+81.5 2012: R+72.3 2008: R+63.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.62%
• Current HPI: 137.486
• 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

-6.3% since first listed

2 events — show timeline

• 2026-05-30 Price Changed $155,500 Walker County Area MLS
• 2026-05-08 Listed $165,900 Walker County Area MLS

Property tax history

+3.8%/yr

Latest (2025): $484 · +4.8% YoY. Source: county tax records.