10213 Co Rd 15 · Underwood-Petersville, AL 35633

$154,900

3 bd · 1.0 ba · 896 sqft · SingleFamily public records · 15 Days on market

Built 1944 1.00 ac lot

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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 +15.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• 1% rule +3.0/10.0
• 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

Charming, updated cottage-style home in the Central School District! This 3 bed, 1 bath home sits on a beautiful 1-acre lot and features LVP flooring, open floor plan, farmhouse-style accents, a new water heater, storm shelter, and storage building. Enjoy the perfect mix of cozy charm and modern updates in this move-in ready home!

Key facts

• Open floor plan
• New water heater
• Storm shelter

Tags

• 1 ACRE LOT
• LVP FLOORING
• OPEN FLOOR PLAN
• FARMHOUSE-STYLE ACCENTS
• NEW WATER HEATER
• STORM SHELTER

Property features AI

Exterior

• Parking: Circular driveway
• Utilities: Public water; Septic tank; Electricity connected; Natural gas connected; Natural gas available; Water connected
• Home design: Single family residence; Residential property
• Construction: Block and wood siding construction; Block/brick mortar foundation; Metal roof; Built area above grade: 960
• Exterior features: Private yard; Storage; Front porch; Barbed wire fencing; Workshop

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms on the main level
• Flooring: Simulated wood; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Electric cooling; Ductless heating; Electric heating; Natural gas heating available; Wall furnace
• Interior features: Laminate counters; Kitchen island; Open floorplan; Recessed lighting; Soaking tub; Double-pane windows
• Laundry & utility: Laundry in hall; Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $72 ($870/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 $124k (20.0% below list).
• Recommended offer: $124k (20.0% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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: Central Elementary School (714 students, 63% FRL); Central High School (math 16% / reading 44%, grade F, #67 of 305 statewide, top 22%, 603 students, 62% FRL) — zoned schools average 63% FRL vs 37% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 182 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

• It's been on market 15 days — a 2% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $60k; list at $155k implies a 158% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 23% 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 $123,933 (20.0% below list)

Questions for the listing agent

1. Built in 1944 — 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: 0.80% ✗
• Cap rate: 6.85%
• Cash-on-cash: 2.01%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.2%
• Equity multiple: 0.53×
• Total profit: $-20,567
• Equity at exit: $23,096

10-year hold

• IRR: -4.3%
• Equity multiple: 0.72×
• Total profit: $-12,298
• Equity at exit: $13,393

Cash invested: $43,372 (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 35633

• Home prices YoY: -22.6%
• Active inventory: 182
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,239 medium
• Mortgage (P&I): −$812
• Tax from tax record: −$30 /mo · $357/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $72

Break-even live

Break-even rent $1,148

Max offer price $154,900

Occupancy floor 89%

Sensitivity live

Price	-10% $160	-5% $116	+0% $72	+5% $29	+10% $-15
Rent	-10% $-25	-5% $24	+0% $72	+5% $121	+10% $170
Rate	-1.0pp $150	-0.5pp $112	base $72	+0.5pp $32	+1.0pp $-8

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: $38,725
• Closing costs: $4,647
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-07
   statusdays on market $154,900 Pending 15 DOM
2. 2026-06-05
   days on market $154,900 Active 14 DOM
3. 2026-06-03
   days on market $154,900 Active 13 DOM
4. 2026-06-02
   days on market $154,900 Active 12 DOM
5. 2026-06-01
   days on market $154,900 Active 11 DOM
6. 2026-05-31
   days on market $154,900 Active 10 DOM
7. 2026-05-30
   days on market $154,900 Active 9 DOM
8. 2026-05-21
   listed $154,900 Active
9. 2025-12-29
   soldstatus $60,000
10. 2021-06-22
    soldstatus $59,900
11. 2021-06-18
    soldstatus $59,900 348-char remark
12. 2021-03-16
    listed $59,900 348-char remark

ⓘ 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: $357 · $30/mo
• Projected year-2 tax: $635 · $53/mo
• Expected delta: +$278/yr (+$23/mo · 77.9%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% 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: $14,872
• − Mortgage interest: −$8,677
• − Property taxes: −$357
• − Insurance: −$774
• − Repairs & maintenance: −$1,190
• − Management: −$1,190
• − Depreciation: −$4,506
• Taxable loss: −$1,822
• Est. tax savings @ 24.0%: +$437
• After-tax cash flow: $1,307/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

+158.6% since first listed

4 events — show timeline

• 2026-06-05 Pending — SAARMLS
• 2026-05-21 Listed $154,900 SAARMLS
• 2025-12-29 Sold (Public Records) $60,000 Public Records
• 2021-06-22 Sold (Public Records) $59,900 Public Records

Property tax history

+7.2%/yr

Latest (2025): $357 · +6.9% YoY. Source: county tax records.