1201 Lakeshore Dr · Anniston, AL 36207

$129,900

4 bd · 1.0 ba · 1,708 sqft · SingleFamily public records · 58 Days on market

Built 1972 1.37 ac lot $76/sqft · 31% below area

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Why this score? — see what drove the C- 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 +22.8/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.9/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling All Investors! This 4-bedroom, 3-bath home offers a fantastic opportunity to add value and build equity. Featuring a desirable one-level layout with a brick and vinyl exterior and an unfinished basement, this property provides plenty of potential for expansion, storage, or customization to fit your investment strategy. Whether you're looking for your next flip, rental, or value-add project, this home has solid bones and endless possibilities. The unfinished basement offers the flexibility to finish additional living space, create a workshop, or maximize storage capacity. Conveniently located and ready for your vision—don't miss this investment opportunity!

Key facts

• One-level layout
• Unfinished basement
• Create a workshop

Tags

• ONE-LEVEL LAYOUT
• BRICK AND VINYL EXTERIOR
• UNFINISHED BASEMENT
• CREATE A WORKSHOP
• MAXIMIZE STORAGE CAPACITY
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $226 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $126k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 5.1% in Anniston — 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 58/100 on livability (#348 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D-, crime F, amenities F.
• Anniston City (urban): math 2% / reading 12% proficiency, ranked #128 of 129 in AL (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 87% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 124 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Calhoun County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($126k) 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→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $126,003 (3.0% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — 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. 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.
7. 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.
8. 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: 1.09% ✓
• Cap rate: 8.38%
• Cash-on-cash: 7.45%
• DSCR: 1.33
• GRM: 7.7

CMA / ARV

• ARV (median comp): $261,784
• List price: $129,900
• Delta: -50.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
303 Randall Dr	0.26mi	3/2.0 (-1)	1,750 (+2%)	15mo	$215,000	$123	62
212 Druid Hills Rd	0.56mi	3/2.0 (-1)	1,730 (+1%)	8mo	$258,000	$149	56
604 Mary Ln	0.36mi	3/2.0 (-1)	1,639 (-4%)	14mo	$140,000	$85	55
212 Douglas Dr	0.65mi	3/2.0 (-1)	1,680 (-2%)	20mo	$165,000	$98	42
108 Village Cir	0.72mi	3/3.0 (-1)	1,940 (+14%)	15mo	$360,000	$186	19

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: -4.9%
• Equity multiple: 0.82×
• Total profit: $-6,649
• Equity at exit: $19,369

10-year hold

• IRR: 4.8%
• Equity multiple: 1.35×
• Total profit: $12,800
• Equity at exit: $11,231

Cash invested: $36,372 (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 36207

• Home prices YoY: -23.7%
• Active inventory: 124
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,413 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$155 /mo · $1,858/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$297
• Net cashflow: $226

Break-even live

Break-even rent $1,127

Max offer price $129,900

Occupancy floor 79%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1317 Kilby Ter Anniston, AL	3.0	2.0	1203	$1,400	$1.16	43d	1	1.47mi

Listing history 19 events

1. 2026-06-19
   days on market $129,900 Active 58 DOM
2. 2026-06-18
   days on market $129,900 Active 57 DOM
3. 2026-06-17
   days on market $129,900 Active 56 DOM
4. 2026-06-16
   days on market $129,900 Active 55 DOM
5. 2026-06-15
   days on market $129,900 Active 54 DOM
6. 2026-06-14
   days on market $129,900 Active 52 DOM
7. 2026-06-13
   pricedays on market $129,900 Active 51 DOM
8. 2026-06-10
   days on market $149,900 Active 49 DOM
9. 2026-06-09
   days on market $149,900 Active 48 DOM
10. 2026-06-08
    days on market $149,900 Active 47 DOM
11. 2026-06-07
    days on market $149,900 Active 46 DOM
12. 2026-06-05
    days on market $149,900 Active 43 DOM
13. 2026-06-02
    days on market $149,900 Active 41 DOM
14. 2026-06-01
    days on market $149,900 Active 40 DOM
15. 2026-05-31
    days on market $149,900 Active 39 DOM
16. 2026-05-30
    days on market $149,900 Active 38 DOM
17. 2026-05-15
    price $159,900 678-char remark

    Show marketing remark (678 chars)

    Calling All Investors! This 4-bedroom, 3-bath home offers a fantastic opportunity to add value and build equity. Featuring a desirable one-level layout with a brick and vinyl exterior and an unfinished basement, this property provides plenty of potential for expansion, storage, or customization to fit your investment strategy. Whether you're looking for your next flip, rental, or value-add project, this home has solid bones and endless possibilities. The unfinished basement offers the flexibility to finish additional living space, create a workshop, or maximize storage capacity. Conveniently located and ready for your vision—don't miss this investment opportunity!

18. 2026-04-22
    listed $169,900 Active 678-char remark

    Show marketing remark (678 chars)

    Calling All Investors! This 4-bedroom, 3-bath home offers a fantastic opportunity to add value and build equity. Featuring a desirable one-level layout with a brick and vinyl exterior and an unfinished basement, this property provides plenty of potential for expansion, storage, or customization to fit your investment strategy. Whether you're looking for your next flip, rental, or value-add project, this home has solid bones and endless possibilities. The unfinished basement offers the flexibility to finish additional living space, create a workshop, or maximize storage capacity. Conveniently located and ready for your vision—don't miss this investment opportunity!

19. 2025-09-10
    soldstatus $145,000

ⓘ 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: $1,858 · $155/mo
• Projected year-2 tax: $1,858 · $155/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 5/10 Major 7 d/yr ≥104°F today · 22 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: $16,952
• − Mortgage interest: −$7,276
• − Property taxes: −$1,858
• − Insurance: −$650
• − Repairs & maintenance: −$1,356
• − Management: −$1,356
• − Depreciation: −$3,779
• Taxable income: $677
• Est. tax owed @ 24.0%: −$162
• After-tax cash flow: $2,548/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: Anniston City
• NCES district ID: 0100090
• Math proficiency: 2% ▼ -20.00%
• Reading proficiency: 12% ▼ -15.00%
• Median HH income: $31,824
• Composite: 5.36/100
• National rank: #10030
• State rank: #128 of 129 in AL

Livability — Anniston

• Score: 58/100
• State rank: #348
• US rank: #20680

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Anniston, AL
• County: Calhoun County · 71,763 people
• City population: 19,220
• Metro: Anniston-Oxford, AL
• Population (ZIP): 19,220
• Household income: $67,969
• Rent vs Own: 23.3% rent · 76.7% own
• Severe rent burden: 486.0

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 22% Hispanic / Latino 4% Two or more races 2%
• Common ancestry: Slovak 4% Italian 2% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.85%
• Current HPI: 166.6999
• Rent YoY: —
• Metro: Anniston-Oxford, 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

+10.3% since first listed

3 events — show timeline

• 2026-05-15 Price Changed $159,900 Greater Alabama MLS
• 2026-04-22 Listed $169,900 Greater Alabama MLS
• 2025-09-10 Sold (Public Records) $145,000 Public Records

Property tax history

+8.7%/yr

Latest (2025): $1,858 · -4.6% YoY. Source: county tax records.