104 Lee Cir · Prattville, AL 36067

$108,000

3 bd · 1.0 ba · 975 sqft · SingleFamily public records · 20 Days on market

Built 2003

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for a workshop? This well taken care of home has two, plus extra storage space. House has a carport and mature trees. All new appliances in kitchen.

Key facts

• Built 2003
• Listed 20 days

Tags

• LARGE FENCED IN BACK YARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $108k.

Deal economics

• At list price, monthly cash flow is $787 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $108k).
• Recommended offer: $106k (1.5% below list) — sets the bar for market timing.
• Cap rate 15.0% vs local median 4.2% in Prattville — 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 (#11 in AL, #3,273 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities D, commute F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.8%/yr); 131 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 221 units permitted in Autauga County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $747 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.8% rent growth), your $30k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($106k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 23y 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 $70k; list at $108k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 80% 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 $106,380 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.67% ✓
• Cap rate: 15.04%
• Cash-on-cash: 31.24%
• DSCR: 2.39
• GRM: 5.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 5.78% rent growth · sell at horizon

5-year hold

• IRR: 29.0%
• Equity multiple: 2.25×
• Total profit: $37,807
• Equity at exit: $16,103

10-year hold

• IRR: 37.8%
• Equity multiple: 4.97×
• Total profit: $119,927
• Equity at exit: $9,338

Cash invested: $30,240 (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 36067

• Home prices YoY: -12.4%
• Rents YoY: 5.8%
• Active inventory: 131
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,808 medium
• Mortgage (P&I): −$566
• Tax from tax record: −$30 /mo · $358/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $787

Break-even live

Break-even rent $812

Max offer price $108,000

Occupancy floor 51%

Sensitivity live

Price	-10% $848	-5% $818	+0% $787	+5% $757	+10% $726
Rent	-10% $644	-5% $716	+0% $787	+5% $859	+10% $930
Rate	-1.0pp $842	-0.5pp $815	base $787	+0.5pp $759	+1.0pp $731

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: $27,000
• Closing costs: $3,240
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
110 Bridge St Prattville, AL	1.0–3.0	1.0–2.5	1186	$3,908	$3.29	14d	15	1.47mi

Listing history 21 events

1. 2026-06-15
   days on market $108,000 Active 20 DOM
2. 2026-06-14
   days on market $108,000 Active 18 DOM
3. 2026-06-13
   days on market $108,000 Active 17 DOM
4. 2026-06-10
   days on market $108,000 Active 15 DOM
5. 2026-06-09
   days on market $108,000 Active 14 DOM
6. 2026-06-08
   days on market $108,000 Active 13 DOM
7. 2026-06-07
   days on market $108,000 Active 12 DOM
8. 2026-06-03
   days on market $108,000 Active 8 DOM
9. 2026-06-02
   days on market $108,000 Active 7 DOM
10. 2026-06-01
    days on market $108,000 Active 6 DOM
11. 2026-05-31
    days on market $108,000 Active 5 DOM
12. 2026-05-30
    days on market $108,000 Active 4 DOM
13. 2026-05-26
    listed $108,000 Active
14. 2026-02-24
    price $114,900
15. 2026-02-04
    listed $119,900 Active
16. 2004-11-12
    soldstatus $69,900 156-char remark

    Show marketing remark (156 chars)

    Looking for a workshop? This well taken care of home has two, plus extra storage space. House has a carport and mature trees. All new appliances in kitchen.

17. 2004-09-28
    listed $69,900 156-char remark

    Show marketing remark (156 chars)

    Looking for a workshop? This well taken care of home has two, plus extra storage space. House has a carport and mature trees. All new appliances in kitchen.

18. 2004-03-16
    listed $69,000
19. 2003-12-05
    soldstatus $59,950
20. 2003-12-05
    soldstatus $59,950
21. 2003-11-10
    listed $59,900

ⓘ 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: $358 · $30/mo
• Projected year-2 tax: $443 · $37/mo
• Expected delta: +$84/yr (+$7/mo · 23.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (shaded) · 24% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,700
• − Mortgage interest: −$6,050
• − Property taxes: −$358
• − Insurance: −$540
• − Repairs & maintenance: −$1,736
• − Management: −$1,736
• − Depreciation: −$3,142
• Taxable income: $8,138
• Est. tax owed @ 24.0%: −$1,953
• After-tax cash flow: $7,495/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: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Prattville

• Score: 76/100
• State rank: #11
• US rank: #3273

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Prattville, AL
• County: Autauga County · 50,925 people
• City population: 50,925
• Metro: Montgomery, AL
• Population (ZIP): 28,293
• Household income: $65,593
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 389.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.98%
• Current HPI: 211.1676
• Rent YoY: ▲ 5.78%
• 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

+80.3% since first listed

9 events — show timeline

• 2026-05-26 Listed $108,000 FSBO.com
• 2026-02-24 Price Changed $114,900 MAAR
• 2026-02-04 Listed $119,900 MAAR
• 2004-11-12 Sold (MLS) $69,900 MAAR
• 2004-09-28 Listed $69,900 MAAR
• 2004-03-16 Listed $69,000 MAAR
• 2003-12-05 Sold (Public Records) $59,950 Public Records
• 2003-12-05 Sold (MLS) $59,950 MAAR
• 2003-11-10 Listed $59,900 MAAR

Property tax history

+3.5%/yr

Latest (2025): $358 · +3.4% YoY. Source: county tax records.