18918 Malone Rd · Point Clear, AL 36532

$230,000

2 bd · 1.0 ba · 1,150 sqft · SingleFamily public records · 45 Days on market

Built 1987 8,189 sqft lot $200/sqft · 47% below area Est $424k · 46% under

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Why this score? — see what drove the B- 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 +24.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.1/10.0
• 1% rule +5.4/10.0
• Schools +3.9/10.0
• Rent growth +3.2/5.0
• Livability +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

Key facts

• Modern lvp flooring
• 8,189 sq ft lot
• Built 1987

Tags

• MODERN LVP FLOORING

Property features AI

Finance

• Other: Listed by RE/MAX Paradise
• HOA & community: No transfer fees; No community amenities listed

Exterior

• Utilities: Public water; Septic tank sewer; Electric service by Fairhope Utilities
• Home design: One-story home; Resale condition; Faces west
• Construction: Built with wood frame and vinyl siding; Composition roof; Pilings foundation
• Exterior features: Open front porch; Rear porch; Patio; Has a view; Lot smaller than 1 acre; No waterfront; Whole/full ownership

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator
• Bedrooms: Primary bedroom on the main/1st floor
• Flooring: Tile flooring
• Bathrooms: Two full bathrooms; Primary bathroom with shower only
• Heating & cooling: Heat pump for heating and cooling; Cooling present
• Interior features: Internet access; Storage space; No fireplace
• Laundry & utility: Laundry on the main level, inside the home

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $495 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Recommended offer: $223k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 0.1% in Point Clear — 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 52/100 on livability (#503 in AL) — a working-class tenant base; expect higher turnover. Strengths: crime A+, housing B; Watch: employment C-, amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Fairhope East Elementary (math 53% / reading 78%, grade B+, #37 of 627 statewide, top 6%, 740 students, 30% FRL); Fairhope Middle School (math 54% / reading 75%, grade A-, #3 of 257 statewide, top 1%, 777 students, 33% FRL); Fairhope High School (math 43% / reading 46%, grade F, #22 of 305 statewide, top 8%, 1,629 students, 31% FRL).
• Zoned-school proficiency averages 58% at this address vs 45% district-wide (+13 pts) — the actual schools serving this property are materially stronger than the Baldwin County average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising (+3.0%/yr); 629 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).
• This rent runs 32% of the median local income ($90k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 10y 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 $175k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $223,100 (3.0% 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 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.04% ✓
• Cap rate: 8.88%
• Cash-on-cash: 9.23%
• DSCR: 1.41
• GRM: 8.0

CMA / ARV

• ARV (median comp): $423,905
• List price: $230,000
• Delta: -45.74%
• Verdict: UNDERPRICED
• Comps: 14 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -2.4%
• Equity multiple: 0.91×
• Total profit: $-5,926
• Equity at exit: $34,294

10-year hold

• IRR: 7.2%
• Equity multiple: 1.54×
• Total profit: $34,625
• Equity at exit: $19,886

Cash invested: $64,400 (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 36532

• Rents YoY: 3.0%
• Active inventory: 629
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $2,388 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$89 /mo · $1,071/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $495

Break-even live

Break-even rent $1,761

Max offer price $230,000

Occupancy floor 74%

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7 Twin Echo Ct Unit A Fairhope, AL	3.0	2.0	1354	$1,950	$1.44	44d	1	0.40mi
571 Dogwood Ave Fairhope, AL	2.0	2.0	1462	$3,000	$2.05	44d	1	1.01mi
357 Azalea St Fairhope, AL	2.0	2.0	1065	$3,500	$3.29	44d	1	1.07mi

Listing history 36 events

1. 2026-06-19
   days on market $230,000 Active 45 DOM
2. 2026-06-18
   days on market $230,000 Active 44 DOM
3. 2026-06-17
   days on market $230,000 Active 43 DOM
4. 2026-06-16
   days on market $230,000 Active 42 DOM
5. 2026-06-15
   days on market $230,000 Active 41 DOM
6. 2026-06-14
   days on market $230,000 Active 39 DOM
7. 2026-06-13
   days on market $230,000 Active 38 DOM
8. 2026-06-10
   days on market $230,000 Active 36 DOM
9. 2026-06-09
   days on market $230,000 Active 35 DOM
10. 2026-06-08
    days on market $230,000 Active 34 DOM
11. 2026-06-07
    days on market $230,000 Active 33 DOM
12. 2026-06-05
    days on market $230,000 Active 30 DOM
13. 2026-06-03
    days on market $230,000 Active 29 DOM
14. 2026-06-02
    days on market $230,000 Active 28 DOM
15. 2026-06-01
    days on market $230,000 Active 27 DOM
16. 2026-05-31
    days on market $230,000 Active 26 DOM
17. 2026-05-30
    days on market $230,000 Active 25 DOM
18. 2026-05-05
    listed $230,000 Active 780-char remark
19. 2024-06-21
    status Pending
20. 2024-06-15
    listed $209,900 Active
21. 2022-12-12
    soldstatus $175,000
22. 2022-12-09
    soldstatus $175,000 Closed

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

23. 2022-11-14
    status Pending

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

24. 2022-11-02
    status Active

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

25. 2022-10-25
    status Pending

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

26. 2022-10-22
    price $180,000

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

27. 2022-10-12
    status Active

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

28. 2022-10-03
    status Pending

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

29. 2022-09-16
    status Active

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

30. 2022-09-14
    status Pending

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

31. 2022-09-06
    price $215,000

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

32. 2022-08-23
    listed $225,000 Active

    Show marketing remark (312 chars)

    Welcome home to this cute cottage close to downtown Fairhope. Check out the incredible value in this completely renovated Fairhope home!!! Wood walls, custom trim, updated flooring, and cabinetry are just a few of the custom features that this homeboasts. .. and all for a price that is hard to find in Fairhope!

33. 2021-04-28
    soldstatus $159,000
34. 2020-12-09
    listed $159,900
35. 2017-02-10
    soldstatus $25,000
36. 2016-11-16
    listed $59,900

ⓘ 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: $1,071 · $89/mo
• Projected year-2 tax: $1,071 · $89/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 10/10 Extreme 6 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,658
• − Mortgage interest: −$12,884
• − Property taxes: −$1,071
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,293
• − Management: −$2,293
• − Depreciation: −$6,691
• Taxable income: $2,277
• Est. tax owed @ 24.0%: −$546
• After-tax cash flow: $5,398/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Point Clear

• Score: 52/100
• State rank: #503
• US rank: #24898

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Point Clear, AL
• County: Baldwin County · 181,514 people
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 38,108
• Household income: $89,694
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 665.0

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 6% Black 4% Two or more races 4%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Serbian 4% Slovak 3% Lithuanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -175.08%
• Current HPI: 299.6643
• Rent YoY: ▲ 2.95%
• Metro: Daphne-Fairhope-Foley, 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

+284.0% since first listed

19 events — show timeline

• 2026-05-05 Listed $230,000 BCAR
• 2024-06-21 Pending — BCAR
• 2024-06-15 Listed $209,900 BCAR
• 2022-12-12 Sold (Public Records) $175,000 Public Records
• 2022-12-09 Sold (MLS) $175,000 BCAR
• 2022-11-14 Pending — BCAR
• 2022-11-02 Relisted — BCAR
• 2022-10-25 Pending — BCAR
• 2022-10-22 Price Changed $180,000 BCAR
• 2022-10-12 Relisted — BCAR
• 2022-10-03 Pending — BCAR
• 2022-09-16 Relisted — BCAR
• 2022-09-14 Pending — BCAR
• 2022-09-06 Price Changed $215,000 BCAR
• 2022-08-23 Listed $225,000 BCAR
• 2021-04-28 Sold (MLS) $159,000 BCAR
• 2020-12-09 Listed $159,900 BCAR
• 2017-02-10 Sold (MLS) $25,000 BCAR
• 2016-11-16 Listed $59,900 BCAR

Property tax history

+20.6%/yr

Latest (2025): $1,071 · +35.2% YoY. Source: county tax records.