150 Delashaw Rd · Haleyville, AL 35565

$139,000

3 bd · 2.0 ba · 1,568 sqft · Manufactured public records · 16 Days on market

Built 1997 0.50 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 +15.7/30.0
• ARV discount +7.5/15.0
• Appreciation +7.3/10.0
• DSCR +4.8/10.0
• 1% rule +3.1/10.0
• Livability +3.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

#6780- Completely renovated and updated! This 1997 manufactured double wide has all new flooring, new paint throughout, new kitchen cabinets and countertops, new appliances, new backsplash, new fixtures, molding throughout, all new exterior doors, new covered back porch, new driveway with 2 car carport, HVAC only 1 year old, and built-ins throughout. Must see!

Key facts

• Covered porch
• New siding
• Private back deck

Tags

• NEW ROOF
• NEW WINDOWS
• NEW SIDING
• CHARMING BUILT-INS
• COVERED PORCH
• PRIVATE BACK DECK

Property features AI

Exterior

• Parking: 2-car garage; Carport
• Utilities: Septic tank
• Home design: Residential single family home
• Construction: Vinyl siding; Metal roof
• Exterior features: Rain gutters; Covered patio; Covered porch; Deck

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Electric oven; Electric range
• Flooring: Laminate
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Electric heating; Natural gas heating; Wall furnace; Central air conditioning; Electric cooling; Window unit(s)
• Interior features: Dishwasher; Dryer; Microwave; Refrigerator; Washer; Electric oven; Electric range; Gas water heater; Laminate flooring; No basement
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $139k.

Deal economics

• At list price, monthly cash flow is $60 ($722/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 $113k (19.0% below list).
• Recommended offer: $113k (19.0% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% 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: schools D-, crime F, amenities 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.
• Market conditions: 77 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 $7k of equity ($961 loan paydown + $6k 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 $39k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $10k; list at $139k implies a 1290% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $112,639 (19.0% 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 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?
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.81% ✗
• Cap rate: 6.81%
• Cash-on-cash: 1.86%
• DSCR: 1.08
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.5%
• Equity multiple: 1.84×
• Total profit: $32,839
• Equity at exit: $75,612

10-year hold

• IRR: 14.5%
• Equity multiple: 3.50×
• Total profit: $97,329
• Equity at exit: $127,956

Cash invested: $38,920 (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: 77
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,126 medium
• Mortgage (P&I): −$729
• Tax from tax record: −$43 /mo · $514/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $60

Break-even live

Break-even rent $1,050

Max offer price $139,000

Occupancy floor 90%

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-07
   statusdays on market $139,000 Pending 16 DOM
2. 2026-06-04
   days on market $139,000 Active 14 DOM
3. 2026-06-02
   days on market $139,000 Active 13 DOM
4. 2026-06-01
   days on market $139,000 Active 12 DOM
5. 2026-05-31
   days on market $139,000 Active 11 DOM
6. 2026-05-31
   days on market $139,000 Active 10 DOM
7. 2026-05-19
   listed $139,000 Active
8. 2024-04-04
   soldstatus $10,000
9. 2024-02-27
   listed $158,700 Active
10. 2022-12-21
    soldstatus $125,000 Closed 363-char remark

    Show marketing remark (363 chars)

    #6780- Completely renovated and updated! This 1997 manufactured double wide has all new flooring, new paint throughout, new kitchen cabinets and countertops, new appliances, new backsplash, new fixtures, molding throughout, all new exterior doors, new covered back porch, new driveway with 2 car carport, HVAC only 1 year old, and built-ins throughout. Must see!

11. 2022-12-21
    soldstatus $125,000

    Show marketing remark (363 chars)

    #6780- Completely renovated and updated! This 1997 manufactured double wide has all new flooring, new paint throughout, new kitchen cabinets and countertops, new appliances, new backsplash, new fixtures, molding throughout, all new exterior doors, new covered back porch, new driveway with 2 car carport, HVAC only 1 year old, and built-ins throughout. Must see!

12. 2022-12-13
    status Pending 363-char remark

    Show marketing remark (363 chars)

    #6780- Completely renovated and updated! This 1997 manufactured double wide has all new flooring, new paint throughout, new kitchen cabinets and countertops, new appliances, new backsplash, new fixtures, molding throughout, all new exterior doors, new covered back porch, new driveway with 2 car carport, HVAC only 1 year old, and built-ins throughout. Must see!

13. 2022-11-15
    listed $129,900 Active 363-char remark

    Show marketing remark (363 chars)

    #6780- Completely renovated and updated! This 1997 manufactured double wide has all new flooring, new paint throughout, new kitchen cabinets and countertops, new appliances, new backsplash, new fixtures, molding throughout, all new exterior doors, new covered back porch, new driveway with 2 car carport, HVAC only 1 year old, and built-ins throughout. Must see!

ⓘ 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: $514 · $43/mo
• Projected year-2 tax: $570 · $47/mo
• Expected delta: +$56/yr (+$5/mo · 10.9%)

ⓘ 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 5/10 Major 26% 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: $13,517
• − Mortgage interest: −$7,786
• − Property taxes: −$514
• − Insurance: −$695
• − Repairs & maintenance: −$1,081
• − Management: −$1,081
• − Depreciation: −$4,044
• Taxable loss: −$1,685
• Est. tax savings @ 24.0%: +$404
• After-tax cash flow: $1,127/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

+7.0% since first listed

7 events — show timeline

• 2026-05-19 Listed $139,000 Walker County Area MLS
• 2024-04-04 Sold (Public Records) $10,000 Public Records
• 2024-02-27 Listed $158,700 Walker County Area MLS
• 2022-12-21 Sold (Public Records) $125,000 Public Records
• 2022-12-21 Sold (MLS) $125,000 Walker County Area MLS
• 2022-12-13 Pending — Walker County Area MLS
• 2022-11-15 Listed $129,900 Walker County Area MLS

Property tax history

+12.7%/yr

Latest (2025): $514 · +0.7% YoY. Source: county tax records.