227 Southmoor Cir · Oxford, AL 36203

$185,000

5 bd · 1.0 ba · 976 sqft · SingleFamily public records · 140 Days on market

Built 1989 0.46 ac lot $190/sqft · 69% above area Est $216k · 14% under

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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 +13.9/30.0
• ARV discount +13.9/15.0
• DSCR +4.2/10.0
• Livability +3.8/5.0
• Schools +3.5/10.0
• 1% rule +2.6/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome HOME! This split foyer home located in Oxford offers space for everyone. This home was completely remodeled in 2019, including the roof and water heater. This home is your opportunity to take something and make it truly yours. Located just minutes from I-20 and the Oxford exchange. Do not wait, schedule your private viewing appointment TODAY! *Some photos are AI enhanced to show rooms with new carpet*

Key facts

• Split foyer home
• Completely remodeled
• Minutes from i-20

Tags

• SPLIT FOYER HOME
• COMPLETELY REMODELED
• MINUTES FROM I-20

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $21 ($250/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 $140k (24.1% below list).
• Recommended offer: $140k (24.1% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.8% in Oxford — 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 76/100 on livability (#13 in AL, #3,446 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Oxford City (urban): math 27% / reading 55% proficiency, ranked #22 of 129 in AL (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 112 active listings in the ZIP; 189 units permitted in Talladega County in 2024 (6 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 $6k of value loss. Plan a longer hold.
• Talladega County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 140 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $140k; 32% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 6→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $140,386 (24.1% below list)

Questions for the listing agent

1. It's been on market 140 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 0.76% ✗
• Cap rate: 6.43%
• Cash-on-cash: 0.48%
• DSCR: 1.02
• GRM: 11.0

CMA / ARV

• ARV (median comp): $215,587
• List price: $185,000
• Delta: -14.19%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.39% rent growth · sell at horizon

5-year hold

• IRR: -18.1%
• Equity multiple: 0.38×
• Total profit: $-32,340
• Equity at exit: $27,584

10-year hold

• IRR: -15.5%
• Equity multiple: 0.21×
• Total profit: $-40,834
• Equity at exit: $15,995

Cash invested: $51,800 (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 36203

• Home prices YoY: -20.4%
• Rents YoY: 0.4%
• Active inventory: 112
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,404 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$41 /mo · $492/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $21

Break-even live

Break-even rent $1,377

Max offer price $185,000

Occupancy floor 94%

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $185,000 Active 140 DOM
2. 2026-06-18
   days on market $185,000 Active 139 DOM
3. 2026-06-17
   days on market $185,000 Active 138 DOM
4. 2026-06-16
   days on market $185,000 Active 137 DOM
5. 2026-06-15
   days on market $185,000 Active 136 DOM
6. 2026-06-14
   days on market $185,000 Active 134 DOM
7. 2026-06-13
   days on market $185,000 Active 133 DOM
8. 2026-06-10
   days on market $185,000 Active 131 DOM
9. 2026-06-09
   days on market $185,000 Active 130 DOM
10. 2026-06-08
    days on market $185,000 Active 129 DOM
11. 2026-06-07
    days on market $185,000 Active 128 DOM
12. 2026-06-05
    days on market $185,000 Active 125 DOM
13. 2026-06-03
    days on market $185,000 Active 124 DOM
14. 2026-06-02
    days on market $185,000 Active 123 DOM
15. 2026-06-01
    days on market $185,000 Active 122 DOM
16. 2026-05-31
    days on market $185,000 Active 121 DOM
17. 2026-05-30
    days on market $185,000 Active 120 DOM
18. 2026-04-02
    price $175,000 416-char remark

    Show marketing remark (416 chars)

    Welcome HOME! This split foyer home located in Oxford offers space for everyone. This home was completely remodeled in 2019, including the roof and water heater. This home is your opportunity to take something and make it truly yours. Located just minutes from I-20 and the Oxford exchange. Do not wait, schedule your private viewing appointment TODAY! *Some photos are AI enhanced to show rooms with new carpet*

19. 2026-01-30
    listed $185,000 New 416-char remark

    Show marketing remark (662 chars)

    Welcome HOME! This split foyer home located in Oxford offers space for everyone. This home was completely remodeled around 2019, including the roof and water heater. This home just needs a little bit of love and affection to bounce back to its glory. The downstairs carpets have been completely removed, BUT seller is offering $10,000 in seller paid repairs which means you can choose the color of your choice! This is your opportunity to take something and make it truly yours. This home is just minutes from I-20 and the Oxford exchange. Do not wait, schedule your private viewing appointment TODAY! * Some photos are AI enhanced to show rooms with new carpet

20. 2026-01-30
    listed $185,000 Active 662-char remark

    Show marketing remark (662 chars)

    Welcome HOME! This split foyer home located in Oxford offers space for everyone. This home was completely remodeled around 2019, including the roof and water heater. This home just needs a little bit of love and affection to bounce back to its glory. The downstairs carpets have been completely removed, BUT seller is offering $10,000 in seller paid repairs which means you can choose the color of your choice! This is your opportunity to take something and make it truly yours. This home is just minutes from I-20 and the Oxford exchange. Do not wait, schedule your private viewing appointment TODAY! * Some photos are AI enhanced to show rooms with new carpet

21. 2019-11-20
    soldstatus $139,900
22. 2019-11-15
    soldstatus $139,900 Sold
23. 2019-10-18
    historical Contingent
24. 2019-08-27
    listed $139,900 Active
25. 2019-08-20
    historical $139,900
26. 2018-08-04
    price $41,000

ⓘ 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: $492 · $41/mo
• Projected year-2 tax: $759 · $63/mo
• Expected delta: +$267/yr (+$22/mo · 54.3%)

ⓘ 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 6 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,846
• − Mortgage interest: −$10,363
• − Property taxes: −$492
• − Insurance: −$925
• − Repairs & maintenance: −$1,348
• − Management: −$1,348
• − Depreciation: −$5,382
• Taxable loss: −$3,010
• Est. tax savings @ 24.0%: +$723
• After-tax cash flow: $973/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: Oxford City
• NCES district ID: 0102635
• Math proficiency: 27% ▼ -25.00%
• Reading proficiency: 55% ▲ 5.00%
• Median HH income: $48,971
• Composite: 35.11/100
• National rank: #5017
• State rank: #22 of 129 in AL

Livability — Oxford

• Score: 76/100
• State rank: #13
• US rank: #3446

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oxford, AL
• County: Calhoun County · 71,763 people
• City population: 18,919
• Metro: Anniston-Oxford, AL
• Population (ZIP): 18,919
• Household income: $69,485
• Rent vs Own: 26.5% rent · 73.5% own
• Severe rent burden: 404.0

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 5% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 6% Korean 1%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -54.24%
• Current HPI: 211.005
• Rent YoY: ▲ 0.39%
• 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

+326.8% since first listed

9 events — show timeline

• 2026-04-02 Price Changed $175,000 GAMLS
• 2026-01-30 Listed $185,000 Greater Alabama MLS
• 2026-01-30 Listed $185,000 GAMLS
• 2019-11-20 Sold (Public Records) $139,900 Public Records
• 2019-11-15 Sold (MLS) $139,900 Greater Alabama MLS
• 2019-10-18 Contingent — Greater Alabama MLS
• 2019-08-27 Listed $139,900 Greater Alabama MLS
• 2019-08-20 Coming Soon $139,900 Greater Alabama MLS
• 2018-08-04 Price Changed $41,000 Greater Alabama MLS

Property tax history

-2.4%/yr

Latest (2025): $492 · +7.1% YoY. Source: county tax records.