1744 Coral Ln · Montgomery, AL 36116

$115,000

3 bd · 2.0 ba · 1,188 sqft · SingleFamily public records · 22 Days on market

Built 1963 0.28 ac lot Est $90k · 27% over

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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 +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +5.8/10.0
• Rent growth +3.9/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

The value in this home is undeniable! Not only do you get curb appeal, but the inside of this home is open and inviting as well! Not to mention this home has been updated from top to bottom! NEW ROOF - NEW HVAC - HEW WATER HEATER - NEW APPLIANCES & MORE!!! The kitchen has a large granite island, perfect for entertaining and food prep! The home has two updated bathrooms and three clean, crisp bedrooms. Don't miss the large, fenced backyard! This home is awaiting its new owner! Schedule your showing today!

Key facts

• New hvac
• New water heater
• New appliances

Tags

• NEW ROOF
• NEW HVAC
• NEW WATER HEATER
• NEW APPLIANCES
• HUGE GRANITE ISLAND
• LARGE FENCED BACKYARD

Property features AI

Exterior

• Parking: Attached carport (1 space)
• Utilities: Public water; Public sewer; Natural gas available
• Home design: Single-story brick home; Slab foundation
• Construction: Brick construction; Built from public records
• Exterior features: Fully fenced yard with privacy fencing; Porch; Patio; Exterior storage; Mature trees; City lot

Interior

• Bedrooms: Two first-floor bedrooms
• Flooring: Vinyl flooring; Wood flooring
• Bathrooms: Two full bathrooms
• Heating & cooling: Central heating (electric and gas); Central electric air conditioning
• Interior features: Blinds and window treatments; Linen closet
• Laundry & utility: Washer hookup; Dryer hookup; Water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $296 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $113k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 6.0% in Montgomery — 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 65/100 on livability (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, employment D, crime F.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.7%/yr); 293 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.7% rent growth), your $32k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 24y ago; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $113,275 (1.5% below list)

Questions for the listing agent

1. Built in 1963 — 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. 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?
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: 1.08% ✓
• Cap rate: 9.38%
• Cash-on-cash: 11.03%
• DSCR: 1.49
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $90,288
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1702 Marlowe Dr	0.11mi	3/2.0	1,196 (+1%)	2mo	$25,000	$21	92
4507 Coventry Rd	0.42mi	3/1.5	1,163 (-2%)	1mo	$40,000	$34	74
1518 Flamingo Ln	0.34mi	3/1.0	1,131 (-5%)	9mo	$90,000	$80	64
1441 Flamingo Ln	0.42mi	3/1.5	1,283 (+8%)	2mo	$65,000	$51	64
1201 Buckingham Dr	0.53mi	3/2.0	1,218 (+2%)	9mo	$92,000	$76	63
4383 Amherst Dr	0.31mi	3/1.0	1,103 (-7%)	10mo	$103,000	$93	61
1308 Biscayne Dr	0.45mi	3/2.0	1,148 (-3%)	14mo	$120,900	$105	61
1375 Biscayne Dr	0.60mi	3/2.0	1,328 (+12%)	1mo	$50,000	$38	52
712 Buckingham Dr	0.45mi	3/1.0	1,026 (-14%)	5mo	$92,000	$90	48
701 Buckingham Dr	0.50mi	3/1.0	1,026 (-14%)	6mo	$70,000	$68	46
4238 Nordale Dr	0.60mi	3/1.0	1,064 (-10%)	16mo	$94,500	$89	38
1330 Buckingham Dr	0.65mi	3/2.0	1,361 (+15%)	16mo	$99,000	$73	32

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 · 5.65% rent growth · sell at horizon

5-year hold

• IRR: 2.8%
• Equity multiple: 1.11×
• Total profit: $3,568
• Equity at exit: $17,147

10-year hold

• IRR: 14.5%
• Equity multiple: 2.30×
• Total profit: $41,932
• Equity at exit: $9,943

Cash invested: $32,200 (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 36116

• Home prices YoY: -9.7%
• Rents YoY: 5.7%
• Active inventory: 293
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,244 high
• Mortgage (P&I): −$603
• Tax from tax record: −$36 /mo · $429/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$261
• Net cashflow: $296

Break-even live

Break-even rent $869

Max offer price $115,000

Occupancy floor 71%

Sensitivity live

Price	-10% $361	-5% $328	+0% $296	+5% $263	+10% $231
Rent	-10% $198	-5% $247	+0% $296	+5% $345	+10% $394
Rate	-1.0pp $354	-0.5pp $325	base $296	+0.5pp $266	+1.0pp $236

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1219 Biscayne Dr Montgomery, AL	4.0	1.5	1228	$1,295	$1.05	21d	1	0.34mi
4342 Sunshine Dr Montgomery, AL	3.0	2.0	1323	$1,250	$0.94	14d	1	0.36mi
4581 Narrow Lane Rd Montgomery, AL	1.0–2.0	1.0–2.0	866	$800	$0.92	44d	2	0.65mi
253 John Morris Ave Montgomery, AL	3.0	1.0	912	$950	$1.04	21d	1	0.75mi
1114 Druid Hills Dr Montgomery, AL	3.0	1.0	1192	$1,250	$1.05	21d	1	0.95mi
548 Winston Dr Montgomery, AL	2.0	2.5	1396	$1,000	$0.72	44d	1	0.96mi
4724 S Court St Montgomery, AL	2.0	1.0	800	$485	$0.61	14d	1	0.98mi
3751 Wesley Dr Apt A Montgomery, AL	2.0	1.0	1034	$550	$0.53	44d	1	1.06mi
3735 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	21d	1	1.10mi
3733 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	21d	1	1.10mi
3723 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	21d	1	1.11mi
3709 Wesley Dr Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	21d	1	1.14mi
3701 Wesley Dr Unit 3723 Montgomery, AL	3.0	1.0	1000	$1,200	$1.20	21d	1	1.15mi
3701 Wesley Dr Unit 3737 Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	44d	1	1.15mi
3701 Wesley Dr Unit 3733 Montgomery, AL	3.0	1.0	1000	$1,280	$1.28	44d	1	1.15mi
3737 Wesley Dr Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	44d	1	1.18mi
3649 Princeton Rd Montgomery, AL	3.0	1.0	1266	$1,200	$0.95	21d	1	1.25mi
3735 Bridlewood Dr Montgomery, AL	3.0	1.0	1386	$895	$0.65	44d	1	1.32mi
2230 Woodley Sq W Montgomery, AL	1.0–2.0	1.0–2.0	902	$898	$1.00	14d	11	1.45mi
3212 Herbert Dr Montgomery, AL	3.0	2.0	1180	$1,425	$1.21	21d	1	1.49mi

Listing history 24 events

1. 2026-06-18
   days on market $115,000 Active 22 DOM
2. 2026-06-18
   price $115,000 Active 21 DOM
3. 2026-06-17
   days on market $120,000 Active 21 DOM
4. 2026-06-16
   days on market $120,000 Active 20 DOM
5. 2026-06-15
   days on market $120,000 Active 19 DOM
6. 2026-06-14
   days on market $120,000 Active 17 DOM
7. 2026-06-13
   days on market $120,000 Active 16 DOM
8. 2026-06-10
   days on market $120,000 Active 14 DOM
9. 2026-06-09
   pricedays on market $120,000 Active 13 DOM
10. 2026-06-08
    days on market $130,000 Active 12 DOM
11. 2026-06-07
    days on market $130,000 Active 11 DOM
12. 2026-06-03
    days on market $130,000 Active 7 DOM
13. 2026-06-02
    days on market $130,000 Active 6 DOM
14. 2026-06-01
    days on market $130,000 Active 5 DOM
15. 2026-05-31
    days on market $130,000 Active 4 DOM
16. 2026-05-30
    days on market $130,000 Active 3 DOM
17. 2026-05-27
    listed $130,000 Active
18. 2022-12-20
    soldstatus $110,000
19. 2022-12-19
    soldstatus $110,000 Closed 515-char remark

    Show marketing remark (515 chars)

    The value in this home is undeniable! Not only do you get curb appeal, but the inside of this home is open and inviting as well! Not to mention this home has been updated from top to bottom! NEW ROOF - NEW HVAC - HEW WATER HEATER - NEW APPLIANCES & MORE!!! The kitchen has a large granite island, perfect for entertaining and food prep! The home has two updated bathrooms and three clean, crisp bedrooms. Don't miss the large, fenced backyard! This home is awaiting its new owner! Schedule your showing today!

20. 2022-11-28
    historical 515-char remark

    Show marketing remark (515 chars)

    The value in this home is undeniable! Not only do you get curb appeal, but the inside of this home is open and inviting as well! Not to mention this home has been updated from top to bottom! NEW ROOF - NEW HVAC - HEW WATER HEATER - NEW APPLIANCES & MORE!!! The kitchen has a large granite island, perfect for entertaining and food prep! The home has two updated bathrooms and three clean, crisp bedrooms. Don't miss the large, fenced backyard! This home is awaiting its new owner! Schedule your showing today!

21. 2022-11-03
    listed $115,000 515-char remark

    Show marketing remark (515 chars)

    The value in this home is undeniable! Not only do you get curb appeal, but the inside of this home is open and inviting as well! Not to mention this home has been updated from top to bottom! NEW ROOF - NEW HVAC - HEW WATER HEATER - NEW APPLIANCES & MORE!!! The kitchen has a large granite island, perfect for entertaining and food prep! The home has two updated bathrooms and three clean, crisp bedrooms. Don't miss the large, fenced backyard! This home is awaiting its new owner! Schedule your showing today!

22. 2022-04-05
    soldstatus $46,000
23. 2002-11-25
    soldstatus $63,500 185-char remark

    Show marketing remark (185 chars)

    EXTRA CLEAN & NICE! HARDWOOD FLOORS/ROOF & EXTERIOR PAINT 2000, INTERIOR PAINTED 2002/SECURITY SYSTEM - LOCKBOX - CARPORT DOOR. VACANT- SHOW ANYTIME. GREAT PRICE FOR AREA.

24. 2002-10-02
    listed $62,500 185-char remark

    Show marketing remark (185 chars)

    EXTRA CLEAN & NICE! HARDWOOD FLOORS/ROOF & EXTERIOR PAINT 2000, INTERIOR PAINTED 2002/SECURITY SYSTEM - LOCKBOX - CARPORT DOOR. VACANT- SHOW ANYTIME. GREAT PRICE FOR AREA.

ⓘ 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: $429 · $36/mo
• Projected year-2 tax: $472 · $39/mo
• Expected delta: +$42/yr (+$4/mo · 9.8%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,927
• − Mortgage interest: −$6,442
• − Property taxes: −$429
• − Insurance: −$575
• − Repairs & maintenance: −$1,194
• − Management: −$1,194
• − Depreciation: −$3,345
• Taxable income: $1,747
• Est. tax owed @ 24.0%: −$419
• After-tax cash flow: $3,132/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 45,250
• Household income: $55,160
• Rent vs Own: 50.8% rent · 49.2% own
• Severe rent burden: 2786.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (80%)
• Race & ethnicity: Black 80% White 12% Two or more races 4% Asian 3% Hispanic / Latino 2%
• Common ancestry: Italian 1%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% Korean 1%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.31%
• Current HPI: 151.8598
• Rent YoY: ▲ 5.65%
• 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

+108.0% since first listed

8 events — show timeline

• 2026-05-27 Listed $130,000 MAAR
• 2022-12-20 Sold (Public Records) $110,000 Public Records
• 2022-12-19 Sold (MLS) $110,000 MAAR
• 2022-11-28 Delisted — MAAR
• 2022-11-03 Listed $115,000 MAAR
• 2022-04-05 Sold (Public Records) $46,000 Public Records
• 2002-11-25 Sold (MLS) $63,500 MAAR
• 2002-10-02 Listed $62,500 MAAR

Property tax history

+5.7%/yr

Latest (2025): $429 · -19.0% YoY. Source: county tax records.