373 Chandler Dr · Underwood-Petersville, AL 35633

$165,900

3 bd · 2.0 ba · 1,025 sqft · SingleFamily public records · 3 Days on market

Built 1973 0.37 ac lot Est $170k · at est.

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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 +15.5/30.0
• ARV discount +8.6/15.0
• DSCR +4.8/10.0
• 1% rule +2.9/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Completely remodeled, 3 bedrooms and 2 full bath. This home features all new paint inside and out. Gutted so the studs, it has hardwood floors, new insulation, new drywall, new plumbing, new HVAC, and a new roof! Completely move-in ready!

Key facts

• New drywall
• New plumbing
• New hvac

Tags

• HARDWOOD FLOORS
• NEW INSULATION
• NEW DRYWALL
• NEW PLUMBING
• NEW HVAC
• NEW ROOF

Property features AI

Exterior

• Parking: Attached garage; Concrete driveway; 1 garage space
• Utilities: Public water; Septic tank; Electricity connected; Water connected; Cable available; Phone available; Sewer not available
• Home design: Single family residence; Residential property; Updated/Remodeled condition; Subdivision: McClure
• Construction: Brick construction
• Exterior features: Front porch; Rear porch; Storm doors; Front and back yard fencing; Paved private road access; Lot is level and on a cul-de-sac

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Vented exhaust fan; Electric water heater
• Bedrooms: 3 bedrooms on the main level
• Flooring: Hardwood; Other flooring
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: Eat-in kitchen; Open floorplan; Recessed lighting; Master bedroom on main level; Crawl space basement
• Laundry & utility: Main level laundry room; Washer hookup; Electric dryer hookup; Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $166k.

Deal economics

• At list price, monthly cash flow is $67 ($800/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 $132k (20.7% below list).
• Recommended offer: $132k (20.7% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.3% in Underwood-Petersville — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Lauderdale County (rural): math 19% / reading 46% proficiency, ranked #53 of 129 in AL (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lauderdale County High School (math 23% / reading 41%, grade F, #59 of 305 statewide, top 21%, 543 students, 51% FRL).
• Market conditions: 181 active listings in the ZIP; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 21y 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,606 (20.7% below list)

Questions for the listing agent

1. Built in 1973 — 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. 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?
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: 0.79% ✗
• Cap rate: 6.78%
• Cash-on-cash: 1.72%
• DSCR: 1.08
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $170,150
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
177 Meadow Grove Ln	0.48mi	3/1.0	1,045 (+2%)	4mo	$177,000	$169	67
200 Chandler Dr	0.18mi	3/1.5	1,056 (+3%)	22mo	$175,000	$166	67
624 Meadowgrove Ln	0.42mi	3/1.5	1,125 (+10%)	12mo	$95,000	$84	52

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: -13.6%
• Equity multiple: 0.51×
• Total profit: $-22,725
• Equity at exit: $24,736

10-year hold

• IRR: -4.8%
• Equity multiple: 0.68×
• Total profit: $-14,675
• Equity at exit: $14,344

Cash invested: $46,452 (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 35633

• Home prices YoY: -22.6%
• Active inventory: 181
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,316 medium
• Mortgage (P&I): −$870
• Tax from tax record: −$34 /mo · $407/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $67

Break-even live

Break-even rent $1,232

Max offer price $165,900

Occupancy floor 90%

Sensitivity live

Price	-10% $161	-5% $114	+0% $67	+5% $20	+10% $-27
Rent	-10% $-37	-5% $15	+0% $67	+5% $119	+10% $171
Rate	-1.0pp $150	-0.5pp $109	base $67	+0.5pp $24	+1.0pp $-20

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: $41,475
• Closing costs: $4,977
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-05
   statusdays on market $165,900 Pending 3 DOM
2. 2026-06-03
   days on market $165,900 Active 2 DOM
3. 2026-06-02
   remarks 238-char remark
4. 2026-06-02
   listed $165,900 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: $407 · $34/mo
• Projected year-2 tax: $680 · $57/mo
• Expected delta: +$273/yr (+$23/mo · 67.1%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $15,793
• − Mortgage interest: −$9,293
• − Property taxes: −$407
• − Insurance: −$830
• − Repairs & maintenance: −$1,263
• − Management: −$1,263
• − Depreciation: −$4,826
• Taxable loss: −$2,090
• Est. tax savings @ 24.0%: +$502
• After-tax cash flow: $1,301/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: Lauderdale County
• NCES district ID: 0102010
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $47,501
• Composite: 27.93/100
• National rank: #6863
• State rank: #53 of 129 in AL

Livability — Underwood-Petersville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 20,733

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 7% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Serbian 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.91%
• Current HPI: 198.6547
• 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

+177.0% since first listed

4 events — show timeline

• 2026-06-01 Listed $165,900 SAARMLS
• 2011-04-01 Listed $59,900 SAARMLS
• 2006-03-13 Listed $57,500 SAARMLS
• 2005-09-19 Listed $59,900 SAARMLS

Property tax history

-1.4%/yr

Latest (2025): $407 · +3.2% YoY. Source: county tax records.