200 Cable St · Headland, AL 36345

$180,000

3 bd · 2.0 ba · 1,452 sqft · SingleFamily public records · 125 Days on market

Built 1963 9,583 sqft lot $124/sqft · 16% below area Est $214k · 16% under

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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 +21.0/30.0
• ARV discount +14.6/15.0
• DSCR +6.7/10.0
• 1% rule +4.5/10.0
• Livability +3.3/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

Key facts

• New plumbing
• Metal roof
• New water heater

Tags

• REMODELED HOME
• NEW ELECTRICAL
• NEW PLUMBING
• METAL ROOF
• NEW WATER HEATER
• NEW LVP FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $253 ($3k/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 $170k (5.5% below list).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.8% in Headland — 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 66/100 on livability (#101 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D, schools D-, amenities F.
• Henry County (rural): math 21% / reading 45% proficiency, ranked #55 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 172 active listings in the ZIP; 71 units permitted in Henry County in 2024 (0 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.
• Henry County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $9k; list at $180k implies a 1900% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 7.98%
• Cash-on-cash: 6.03%
• DSCR: 1.27
• GRM: 8.8

CMA / ARV

• ARV (median comp): $213,506
• List price: $180,000
• Delta: -15.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
409 Peachtree St	0.09mi	3/1.5	1,559 (+7%)	6mo	$100,000	$64	77
611 Mitchell St	0.27mi	2/1.0 (-1)	1,476 (+2%)	7mo	$140,000	$95	70
505 E Church St	0.27mi	3/2.0	1,583 (+9%)	4mo	$214,900	$136	69
1 Boynton St	0.24mi	3/2.0	1,318 (-9%)	8mo	$145,000	$110	67
615 Mitchell St	0.29mi	3/2.0	1,575 (+8%)	13mo	$185,000	$117	62
505 Cleveland St	0.33mi	3/2.0	1,648 (+14%)	2mo	$168,500	$102	60
137 Gracebrook Ct	0.64mi	3/2.0	1,357 (-6%)	1mo	$220,000	$162	58
622 Peachtree St	0.35mi	3/1.5	1,622 (+12%)	6mo	$215,000	$133	57
203 Mitchell St	0.26mi	3/2.0	1,642 (+13%)	11mo	$210,000	$128	57
109 Aubrey Ave	0.46mi	3/2.0	1,618 (+11%)	9mo	$249,900	$154	52
403 S Main St	0.52mi	3/2.0	1,596 (+10%)	11mo	$180,000	$113	50
211 W King St	0.70mi	3/2.0	1,274 (-12%)	3mo	$175,000	$137	45

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-13,106
• Equity at exit: $26,839

10-year hold

• IRR: 2.5%
• Equity multiple: 1.18×
• Total profit: $9,080
• Equity at exit: $15,563

Cash invested: $50,400 (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 36345

• Home prices YoY: -16.0%
• Active inventory: 172
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,701 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$72 /mo · $863/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $253

Break-even live

Break-even rent $1,381

Max offer price $180,000

Occupancy floor 80%

Sensitivity live

Price	-10% $355	-5% $304	+0% $253	+5% $202	+10% $151
Rent	-10% $119	-5% $186	+0% $253	+5% $320	+10% $388
Rate	-1.0pp $344	-0.5pp $299	base $253	+0.5pp $207	+1.0pp $159

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $180,000 Active 125 DOM
2. 2026-06-18
   days on market $180,000 Active 124 DOM
3. 2026-06-17
   days on market $180,000 Active 123 DOM
4. 2026-06-16
   days on market $180,000 Active 122 DOM
5. 2026-06-15
   days on market $180,000 Active 121 DOM
6. 2026-06-14
   days on market $180,000 Active 119 DOM
7. 2026-06-12
   days on market $180,000 Active 118 DOM
8. 2026-06-09
   days on market $180,000 Active 115 DOM
9. 2026-06-08
   days on market $180,000 Active 114 DOM
10. 2026-06-07
    days on market $180,000 Active 113 DOM
11. 2026-06-03
    days on market $180,000 Active 109 DOM
12. 2026-06-02
    pricedays on market $180,000 Active 108 DOM
13. 2026-06-01
    days on market $184,900 Active 107 DOM
14. 2026-05-31
    days on market $184,900 Active 106 DOM
15. 2026-05-30
    days on market $184,900 Active 105 DOM
16. 2026-05-05
    price $184,900 1421-char remark

    Show marketing remark (1421 chars)

    Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

17. 2026-04-24
    price $192,000 1421-char remark

    Show marketing remark (1421 chars)

    Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

18. 2026-04-05
    price $197,400 1421-char remark

    Show marketing remark (1421 chars)

    Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

19. 2026-03-13
    price $199,900 1421-char remark

    Show marketing remark (1421 chars)

    Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

20. 2026-02-15
    listed $209,900 Active 1421-char remark

    Show marketing remark (1421 chars)

    Welcome to this beautifully remodeled 3 bedroom, 2 bath home in Headland! Conveniently located just minutes from the high school and charming downtown Headland, you'll love the small-town feel with everything close by. This home has been completely redone from top to bottom — and fully permitted — so you can move in with peace of mind. Enjoy all-new electrical and plumbing, a new water line to the meter, a durable metal roof, and a brand-new water heater. Inside, you'll find new LVP flooring, updated lighting, and new ceiling fans throughout. The kitchen is a standout with new cabinets, granite countertops, new stainless-steel appliances and an open layout that flows right into the family room — perfect for entertaining or keeping everyone connected. There's also a separate dining room with plenty of space for family meals or holiday gatherings. The primary suite offers a private ensuite bath and a large walk-in closet. Two additional bedrooms and a beautifully updated second bath give you plenty of space for family, guests, or a home office. This home is situated on a corner lot with parking on both sides of the house. Enjoy views of open farmland across the street, while being convenient to Hwy 431. And with great Headland schools and a truly move-in ready condition, this one checks all the boxes. Come see it for yourself — you'll feel right at home the minute you walk in!

21. 2000-12-12
    soldstatus $9,000

ⓘ 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: $863 · $72/mo
• Projected year-2 tax: $863 · $72/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,417
• − Mortgage interest: −$10,083
• − Property taxes: −$863
• − Insurance: −$900
• − Repairs & maintenance: −$1,633
• − Management: −$1,633
• − Depreciation: −$5,236
• Taxable income: $68
• Est. tax owed @ 24.0%: −$16
• After-tax cash flow: $3,023/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: Henry County
• NCES district ID: 0101740
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 45% ▲ 3.00%
• Median HH income: $41,502
• Composite: 27.78/100
• National rank: #6894
• State rank: #55 of 129 in AL

Livability — Headland

• Score: 66/100
• State rank: #101
• US rank: #11540

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Headland, AL
• City population: 8,838
• Population (ZIP): 8,838

Population outlook (Henry County) Hauer SSP2

• Today (2025): 17,109 people
• By 2030: 16,928 · -1.1%
• By 2040: 16,376 · -4.3%
• By 2050: 15,778 · -7.8%
• By 2075: 14,491 · -15.3%
• By 2100: 12,673 · -25.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 16% Two or more races 2% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 2% Iranian 1% Romanian 1%
• Foreign-born: 1% · Vietnam

Political lean MEDSL · Henry

• 2024 margin: Solid R (+50.8) · D 24.3% · R 75.1%
• 2008→2024 swing: -21.1pp toward R · 2008: -29.7pp · 2024: -50.8pp
• All cycles: 2024: R+50.8 2020: R+43.0 2016: R+41.6 2012: R+29.4 2008: R+29.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -40.45%
• Current HPI: 213.0749
• 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

+1954.4% since first listed

6 events — show timeline

• 2026-05-05 Price Changed $184,900 SAMLS
• 2026-04-24 Price Changed $192,000 SAMLS
• 2026-04-05 Price Changed $197,400 SAMLS
• 2026-03-13 Price Changed $199,900 SAMLS
• 2026-02-15 Listed $209,900 SAMLS
• 2000-12-12 Sold (Public Records) $9,000 Public Records

Property tax history

+5.5%/yr

Latest (2025): $863 · +5.8% YoY. Source: county tax records.