151 Dowdle St · Millport, AL 35576

$100,000

3 bd · 2.0 ba · 2,000 sqft · SingleFamily public records · 339 Days on market

Built 1960 1.00 ac lot $50/sqft · at area comps Est $101k · at est.

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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 +28.1/30.0
• DSCR +10.0/10.0
• ARV discount +8.1/15.0
• 1% rule +6.6/10.0
• Appreciation +5.8/10.0
• Livability +3.4/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Calling all investors, flippers, and visionaries! 151 DOWDLE STREET This charming 3 bed / 2 bath home is bursting with potential and ready for someone with the eye (and heart) to bring it back to life. Sitting proudly on a generous lot with a classic wrap-around porch and spacious rooms, this property is the perfect canvas for your next project. Whether you’re looking to add to your rental portfolio or flip for profit, this one checks the boxes: Desirable layout Plenty of outdoor space

Key facts

• Generous lot
• Wrap-around porch
• Outdoor space

Tags

• WRAP-AROUND PORCH
• GENEROUS LOT
• OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#64 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, health & safety D, amenities F.
• Lamar County (rural): math 23% / reading 44% proficiency, ranked #57 of 129 in AL (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 3 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($691 loan paydown + $2k appreciation (1.6% local appreciation)).
• Lamar County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.6% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 339 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y 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 $35k; list at $100k implies a 186% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 36% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 339 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.16% ✓
• Cap rate: 10.07%
• Cash-on-cash: 13.50%
• DSCR: 1.60
• GRM: 7.2

CMA / ARV

• ARV (median comp): $101,249
• List price: $100,000
• Delta: -1.23%
• Verdict: FAIR
• Comps: 2 within 2.0 mi

Projected returns pro-forma

1.64% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.9%
• Equity multiple: 1.90×
• Total profit: $25,083
• Equity at exit: $37,527

10-year hold

• IRR: 19.6%
• Equity multiple: 3.51×
• Total profit: $70,331
• Equity at exit: $52,604

Cash invested: $28,000 (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 35576

• Home prices YoY: 1.3%
• Active inventory: 3
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $1,158 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$34 /mo · $402/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$243
• Net cashflow: $315

Break-even live

Break-even rent $759

Max offer price $100,000

Occupancy floor 68%

Sensitivity live

Price	-10% $372	-5% $343	+0% $315	+5% $287	+10% $258
Rent	-10% $224	-5% $269	+0% $315	+5% $361	+10% $407
Rate	-1.0pp $365	-0.5pp $340	base $315	+0.5pp $289	+1.0pp $263

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $100,000 Active 339 DOM
2. 2026-06-19
   days on market $100,000 Active 337 DOM
3. 2026-06-18
   days on market $100,000 Active 336 DOM
4. 2026-06-17
   days on market $100,000 Active 335 DOM
5. 2026-06-16
   days on market $100,000 Active 334 DOM
6. 2026-06-15
   days on market $100,000 Active 333 DOM
7. 2026-06-14
   days on market $100,000 Active 331 DOM
8. 2026-06-12
   days on market $100,000 Active 330 DOM
9. 2026-06-09
   days on market $100,000 Active 327 DOM
10. 2026-06-08
    days on market $100,000 Active 326 DOM
11. 2026-06-07
    days on market $100,000 Active 325 DOM
12. 2026-06-04
    days on market $100,000 Active 321 DOM
13. 2026-06-02
    days on market $100,000 Active 320 DOM
14. 2026-06-01
    days on market $100,000 Active 319 DOM
15. 2026-05-31
    days on market $100,000 Active 318 DOM
16. 2026-05-31
    days on market $100,000 Active 317 DOM
17. 2026-02-03
    status Active 496-char remark

    Show marketing remark (496 chars)

    Calling all investors, flippers, and visionaries! 151 DOWDLE STREET This charming 3 bed / 2 bath home is bursting with potential and ready for someone with the eye (and heart) to bring it back to life. Sitting proudly on a generous lot with a classic wrap-around porch and spacious rooms, this property is the perfect canvas for your next project. Whether you’re looking to add to your rental portfolio or flip for profit, this one checks the boxes: Desirable layout Plenty of outdoor space

18. 2026-02-01
    historical 496-char remark

    Show marketing remark (496 chars)

    Calling all investors, flippers, and visionaries! 151 DOWDLE STREET This charming 3 bed / 2 bath home is bursting with potential and ready for someone with the eye (and heart) to bring it back to life. Sitting proudly on a generous lot with a classic wrap-around porch and spacious rooms, this property is the perfect canvas for your next project. Whether you’re looking to add to your rental portfolio or flip for profit, this one checks the boxes: Desirable layout Plenty of outdoor space

19. 2025-07-13
    listed $100,000 Active 496-char remark

    Show marketing remark (496 chars)

    Calling all investors, flippers, and visionaries! 151 DOWDLE STREET This charming 3 bed / 2 bath home is bursting with potential and ready for someone with the eye (and heart) to bring it back to life. Sitting proudly on a generous lot with a classic wrap-around porch and spacious rooms, this property is the perfect canvas for your next project. Whether you’re looking to add to your rental portfolio or flip for profit, this one checks the boxes: Desirable layout Plenty of outdoor space

20. 2025-06-16
    listed $100,000 Active
21. 2021-12-14
    soldstatus $35,000
22. 2021-09-27
    listed $39,000

ⓘ 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: $402 · $34/mo
• Projected year-2 tax: $410 · $34/mo
• Expected delta: +$8/yr (+$1/mo · 1.9%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 36% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,893
• − Mortgage interest: −$5,602
• − Property taxes: −$402
• − Insurance: −$500
• − Repairs & maintenance: −$1,111
• − Management: −$1,111
• − Depreciation: −$2,909
• Taxable income: $2,258
• Est. tax owed @ 24.0%: −$542
• After-tax cash flow: $3,239/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: Lamar County
• NCES district ID: 0101950
• Math proficiency: 23% ▼ -26.00%
• Reading proficiency: 44% ▲ 1.00%
• Median HH income: $34,856
• Composite: 27.58/100
• National rank: #6937
• State rank: #57 of 129 in AL

Livability — Millport

• Score: 68/100
• State rank: #64
• US rank: #9074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millport, AL
• Population (ZIP): 3,875

Population outlook (Lamar County) Hauer SSP2

• Today (2025): 12,818 people
• By 2030: 12,235 · -4.5%
• By 2040: 11,110 · -13.3%
• By 2050: 10,081 · -21.4%
• By 2075: 8,013 · -37.5%
• By 2100: 6,222 · -51.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Black 11% Two or more races 1%
• Common ancestry: Lithuanian 3% Slovak 3% Serbian 1%
• Foreign-born: 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Lamar

• 2024 margin: Solid R (+76.0) · D 11.7% · R 87.8%
• 2008→2024 swing: -22.2pp toward R · 2008: -53.8pp · 2024: -76.0pp
• All cycles: 2024: R+76.0 2020: R+72.2 2016: R+69.0 2012: R+53.2 2008: R+53.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.64%
• Current HPI: 124.3084
• 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

+156.4% since first listed

6 events — show timeline

• 2026-02-03 Relisted — Greater Alabama MLS
• 2026-02-01 Delisted — Greater Alabama MLS
• 2025-07-13 Listed $100,000 Greater Alabama MLS
• 2025-06-16 Listed $100,000 VMLS
• 2021-12-14 Sold (MLS) $35,000 WAMLS
• 2021-09-27 Listed $39,000 WAMLS

Property tax history

+8.9%/yr

Latest (2025): $402 · +1.1% YoY. Source: county tax records.