109 W Teri Ct · Prattville, AL 36066

$222,900

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 9 Days on market

Built 1972 0.35 ac lot Est $180k · 24% over

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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 +19.7/30.0
• DSCR +6.2/10.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Rent growth +3.2/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 109 W. Teri Ct, where the pride of ownership shines throughout this meticulously maintained 3-bedroom, 2-bath home located in the heart of Prattville. Recent updates include a newer roof and HVAC system offering peace of mind for years to come. Enjoy the beautifully landscaped and spacious fenced backyard, perfect for entertaining, pets or play. Relax outdoors on the covered patio while taking in the private backyard setting. Conveniently located near shopping, dining, schools and all that Prattville has to offer. Call for your private tour Today!

Key facts

• Landscaped backyard
• Newer roof
• Covered patio

Tags

• NEWER ROOF
• HVAC SYSTEM
• LANDSCAPED BACKYARD
• FENCED BACKYARD
• COVERED PATIO
• PRIVATE BACKYARD SETTING

Property features AI

Finance

• Other: $460 annual tax amount

Exterior

• Parking: Attached garage (1 car)
• Utilities: Electricity available; High-speed internet available; Public water; Public sewer
• Home design: One-story home; Brick construction; Slab foundation; Year built per public records
• Construction: Brick exterior
• Exterior features: Covered patio; Covered porch/patio; Fully fenced yard; Storage structure; Located in a subdivision; Situated on a cul-de-sac; City lot

Interior

• Kitchen: Gas cooktop; Gas oven; Microwave; Microwave hood fan; Kitchen/Dining combo
• Bedrooms: Bedrooms located on the first floor
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (gas); Central air conditioning; Ceiling fans; Electric cooling components
• Interior features: Blinds on windows; Garden/roman tub; Window treatments
• Laundry & utility: Washer hookup; Dryer hookup; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $223k.

Deal economics

• At list price, monthly cash flow is $260 ($3k/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 $198k (11.4% below list).
• Recommended offer: $198k (11.4% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 4.2% in Prattville — 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 76/100 on livability (#11 in AL, #3,273 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities D, commute F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.9%/yr); 235 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 221 units permitted in Autauga County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% 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 $197,540 (11.4% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.89% ✗
• Cap rate: 7.70%
• Cash-on-cash: 5.01%
• DSCR: 1.22
• GRM: 9.4

CMA / ARV

• ARV (on-the-fly): $179,800
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
120 Beth Manor Dr	0.24mi	3/2.0	1,251 (+1%)	8mo	$170,000	$136	77
112 Beth Manor Dr	0.29mi	3/2.0	1,215 (-2%)	3mo	$175,000	$144	77
1809 Jenny Dr	0.46mi	3/2.0	1,212 (-2%)	2mo	$207,000	$171	69
298 Teri Ln	0.15mi	3/2.0	1,337 (+8%)	8mo	$157,000	$117	69
146 Beth Manor Dr	0.20mi	4/2.0 (+1)	1,294 (+4%)	9mo	$182,500	$141	67
125 Thames Dr	0.44mi	3/2.0	1,187 (-4%)	4mo	$175,000	$147	65
133 Thames Dr	0.41mi	3/1.0	1,119 (-10%)	5mo	$130,000	$116	60
544 Sheila Blvd	0.50mi	3/2.0	1,213 (-2%)	13mo	$160,000	$132	59
117 Beth Manor Dr	0.23mi	3/2.0	1,328 (+7%)	18mo	$192,000	$145	58
606 Sheila Blvd	0.55mi	3/2.0	1,362 (+10%)	1mo	$200,000	$147	53
538 Sheila Blvd	0.48mi	3/2.0	1,332 (+7%)	16mo	$202,000	$152	48
617 Sheila Blvd	0.56mi	3/2.0	1,392 (+12%)	14mo	$203,000	$146	38

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 · 2.86% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.68×
• Total profit: $-19,925
• Equity at exit: $33,235

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $2,396
• Equity at exit: $19,272

Cash invested: $62,412 (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 36066

• Home prices YoY: -13.4%
• Rents YoY: 2.9%
• Active inventory: 235
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,975 high
• Mortgage (P&I): −$1,169
• Tax from tax record: −$38 /mo · $460/yr
• Insurance: −$93
• HOA: −$0
• Vacancy / Maint / Mgmt: −$415
• Net cashflow: $260

Break-even live

Break-even rent $1,646

Max offer price $222,900

Occupancy floor 82%

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: $55,725
• Closing costs: $6,687
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
113 Lori St Prattville, AL	4.0	2.0	1489	$1,700	$1.14	43d	1	0.29mi
110 Dellwood Ct Prattville, AL	3.0	2.0	1424	$1,700	$1.19	43d	1	0.92mi
790 Old Quarters Rd Prattville, AL	1.0–3.0	1.0–2.0	1146	$2,486	$2.17	13d	13	1.05mi
601 McQueen Village Rd Prattville, AL	1.0–3.0	1.0–2.0	937	$1,364	$1.45	13d	4	1.11mi
1117 Newton St Prattville, AL	3.0	1.5	1422	$1,400	$0.98	43d	1	1.23mi
2100 Legends Dr Prattville, AL	1.0–3.0	1.0–2.0	1315	$2,213	$1.68	13d	13	1.34mi
130 Graylynn Dr Prattville, AL	3.0	2.0	1281	$1,300	$1.01	13d	1	1.45mi

Listing history 8 events

1. 2026-06-18
   days on market $222,900 Active 9 DOM
2. 2026-06-17
   days on market $222,900 Active 8 DOM
3. 2026-06-16
   days on market $222,900 Active 7 DOM
4. 2026-06-15
   days on market $222,900 Active 6 DOM
5. 2026-06-14
   days on market $222,900 Active 4 DOM
6. 2026-06-13
   days on market $222,900 Active 3 DOM
7. 2026-06-10
   remarks 564-char remark
8. 2026-06-10
   listed $222,900 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: $460 · $38/mo
• Projected year-2 tax: $914 · $76/mo
• Expected delta: +$454/yr (+$38/mo · 98.8%)

ⓘ 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 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,705
• − Mortgage interest: −$12,486
• − Property taxes: −$460
• − Insurance: −$1,114
• − Repairs & maintenance: −$1,896
• − Management: −$1,896
• − Depreciation: −$6,484
• Taxable loss: −$632
• Est. tax savings @ 24.0%: +$152
• After-tax cash flow: $3,277/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: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Prattville

• Score: 76/100
• State rank: #11
• US rank: #3273

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prattville, AL
• County: Autauga County · 50,925 people
• City population: 50,925
• Metro: Montgomery, AL
• Population (ZIP): 22,632
• Household income: $86,278
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 683.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Slovak 3% Lithuanian 2% Serbian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Spanish 3% Other Asian/Pacific 1% Tagalog/Filipino 1%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.80%
• Current HPI: 198.2636
• Rent YoY: ▲ 2.86%
• Metro: Montgomery, AL
• 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

• 2026-06-09 Listed $222,900 MAAR

Property tax history

-2.8%/yr

Latest (2025): $460 · +5.6% YoY. Source: county tax records.