201 Tyler Ave NE · Fort Payne, AL 35967

$200,000

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 1 Days on market

Built 2007 Est $167k · 20% over

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Why this score? — see what drove the F 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 +13.7/30.0
• DSCR +4.1/10.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

This 1152 square foot single family home has 3 bedrooms and 2.0 bathrooms. This home is located at 201 Tyler Ave NE, Fort Payne, AL 35967.

Key facts

• Built 2007

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $14 ($162/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 $150k (25.0% below list).
• Recommended offer: $150k (25.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 2.8% in Fort Payne — 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 67/100 on livability (#86 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools F, amenities F, commute F.
• Fort Payne City (town): math 26% / reading 46% proficiency, ranked #41 of 129 in AL (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 106 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 49 units permitted in DeKalb County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• DeKalb County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000 (25.0% below list)

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. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.75% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.29%
• DSCR: 1.01
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $167,040
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Lincoln Ave NE	0.07mi	3/2.0	1,151 (-0%)	5mo	$136,500	$119	88
305 Lincoln Ave SE	0.26mi	2/1.0 (-1)	1,153 (+0%)	4mo	$180,000	$156	79
401 Lincoln Ave SE	0.15mi	3/1.5	1,164 (+1%)	12mo	$169,000	$145	79
404 4th St SE	0.17mi	3/2.0	1,172 (+2%)	13mo	$199,900	$171	74
400 Clark Ave	0.25mi	2/1.0 (-1)	1,252 (+9%)	5mo	$137,000	$109	65
305 Sanders Ave SE	0.36mi	3/2.0	1,311 (+14%)	7mo	$149,900	$114	50
709 NW Alabama Ave NW	0.68mi	2/2.0 (-1)	1,221 (+6%)	0mo	$178,000	$146	49
505 Alabama Ave SW	0.65mi	3/2.0	1,246 (+8%)	17mo	$159,999	$128	38
609 Lookout Ter E	0.68mi	3/2.0	1,300 (+13%)	16mo	$182,900	$141	30
102 Rainbow Dr SW	0.74mi	2/1.0 (-1)	1,000 (-13%)	13mo	$154,000	$154	28

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: -15.9%
• Equity multiple: 0.43×
• Total profit: $-31,655
• Equity at exit: $29,821

10-year hold

• IRR: -7.6%
• Equity multiple: 0.52×
• Total profit: $-26,891
• Equity at exit: $17,292

Cash invested: $56,000 (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 35967

• Home prices YoY: -15.6%
• Active inventory: 106
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$1,049
• Tax from tax record: −$39 /mo · $472/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $14

Break-even live

Break-even rent $1,483

Max offer price $200,000

Occupancy floor 94%

Sensitivity live

Price	-10% $127	-5% $70	+0% $14	+5% $-43	+10% $-100
Rent	-10% $-105	-5% $-46	+0% $14	+5% $73	+10% $132
Rate	-1.0pp $114	-0.5pp $64	base $14	+0.5pp $-38	+1.0pp $-91

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1408 Adamsburg Rd E Fort Payne, AL	3.0	1.0	1500	$1,500	$1.00	44d	1	1.23mi

Listing history 1 events

1. 2026-05-26
   listed $200,000 Active

ⓘ 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: $472 · $39/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$348/yr (+$29/mo · 73.7%)

ⓘ 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 6/10 Major 7 d/yr ≥104°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,000
• − Mortgage interest: −$11,203
• − Property taxes: −$472
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$5,818
• Taxable loss: −$3,373
• Est. tax savings @ 24.0%: +$810
• After-tax cash flow: $972/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: Fort Payne City
• NCES district ID: 0101560
• Math proficiency: 26% ▼ -20.00%
• Reading proficiency: 46% ▲ 3.00%
• Median HH income: $37,802
• Composite: 29.93/100
• National rank: #6380
• State rank: #41 of 129 in AL

Livability — Fort Payne

• Score: 67/100
• State rank: #86
• US rank: #10977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Payne, AL
• Population (ZIP): 17,342

Population outlook (DeKalb County) Hauer SSP2

• Today (2025): 71,722 people
• By 2030: 71,373 · -0.5%
• By 2040: 69,536 · -3.0%
• By 2050: 66,020 · -8.0%
• By 2075: 53,325 · -25.7%
• By 2100: 36,127 · -49.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 22% Two or more races 5% Black 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3%
• Common ancestry: Lithuanian 4% Slovak 3% Serbian 1%
• Foreign-born: 9% · Canada
• Languages at home: 80% English-only · Spanish 19% Other Indo-European 1%

Political lean MEDSL · DeKalb

• 2024 margin: Solid R (+74.0) · D 12.7% · R 86.7%
• 2008→2024 swing: -22.7pp toward R · 2008: -51.2pp · 2024: -74.0pp
• All cycles: 2024: R+74.0 2020: R+69.8 2016: R+69.4 2012: R+54.9 2008: R+51.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.03%
• Current HPI: 243.3645
• 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

• 2026-05-26 Listed $200,000 FSBO.com

Property tax history

+3.7%/yr

Latest (2025): $472 · +4.6% YoY. Source: county tax records.