2915 County Highway 56 · Hamilton, AL 35593

$59,900

4 bd · 2.0 ba · 2,225 sqft · SingleFamily · 282 Days on market

Built 1965 Poor condition 0.76 ac lot $27/sqft · 62% below area ↓ 53% since listing

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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
• Appreciation +4.1/10.0
• Livability +3.2/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks MLS

Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

Key facts

• Quiet rural setting
• Storage building
• Corner lot

Tags

• CORNER LOT
• QUIET RURAL SETTING
• COVERED BACK PORCH
• STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $60k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $523 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.8% vs local median 3.0% in Hamilton — 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 63/100 on livability (#190 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B; Watch: schools D, amenities F, commute F.
• Marion County (rural): math 20% / reading 48% proficiency, ranked #56 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 13 active listings in the ZIP; 1 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.7%/yr); year-one equity from $414 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Marion County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-1.7% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 282 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts; this cycle's ask has dropped $20k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $52,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 282 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. 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: 1.98% ✓
• Cap rate: 16.76%
• Cash-on-cash: 37.40%
• DSCR: 2.66
• GRM: 4.2

CMA / ARV

• ARV (median comp): $156,384
• List price: $59,900
• Delta: -61.70%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-1.74% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.5%
• Equity multiple: 2.60×
• Total profit: $26,836
• Equity at exit: $12,371

10-year hold

• IRR: 40.8%
• Equity multiple: 5.13×
• Total profit: $69,232
• Equity at exit: $11,285

Cash invested: $16,772 (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 35593

• Home prices YoY: -1.1%
• Active inventory: 13
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,186 medium
• Mortgage (P&I): −$314
• Tax est. 1.5%: −$75 /mo · $898/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$249
• Net cashflow: $523

Break-even live

Break-even rent $524

Max offer price $59,900

Occupancy floor 51%

Sensitivity live

Price	-10% $564	-5% $543	+0% $523	+5% $502	+10% $481
Rent	-10% $429	-5% $476	+0% $523	+5% $570	+10% $616
Rate	-1.0pp $553	-0.5pp $538	base $523	+0.5pp $507	+1.0pp $491

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-12
   statusdays on market $59,900 Pending 282 DOM
2. 2026-06-09
   days on market $59,900 Active 281 DOM
3. 2026-06-08
   days on market $59,900 Active 280 DOM
4. 2026-06-07
   days on market $59,900 Active 279 DOM
5. 2026-06-04
   days on market $59,900 Active 275 DOM
6. 2026-06-02
   days on market $59,900 Active 274 DOM
7. 2026-06-01
   days on market $59,900 Active 273 DOM
8. 2026-05-31
   days on market $59,900 Active 272 DOM
9. 2026-05-31
   days on market $59,900 Active 271 DOM
10. 2026-04-02
    price $69,900 704-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

11. 2026-04-02
    price $69,900 810-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

12. 2026-03-31
    status Active 704-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

13. 2026-03-31
    status Active 810-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

14. 2026-02-25
    status Pending 810-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

15. 2026-02-25
    status Pending 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

16. 2026-01-27
    status Active 704-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

17. 2026-01-27
    price $79,900 704-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

18. 2026-01-27
    listed $79,900 Active 810-char remark

    Show marketing remark (810 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information. Don’t miss this affordable opportunity to own in a rural setting—schedule your showing today!

19. 2025-10-22
    price $82,900 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

20. 2025-09-15
    price $89,900 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

21. 2025-08-19
    price $99,900 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

22. 2025-07-18
    price $119,900 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

23. 2025-06-16
    price $144,900 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

24. 2025-06-16
    listed $149,900 Active 704-char remark

    Show marketing remark (704 chars)

    Welcome to 2915 Highway 56 in Vina, Alabama! This home is full of potential and ready for your personal touch. Situated on a corner lot in a quiet rural setting, the property offers 3 spacious bedrooms, 2 full bathrooms, and generously sized living areas that provide a great foundation for customization. The covered back porch is the perfect spot to relax and enjoy peaceful country evenings. A storage building adds extra space for tools, hobbies, or seasonal storage. The home may need some flooring and paint updates, but it's priced accordingly—giving you the chance to make it your own or invest in a rental or flip opportunity. Property is being sold as-is. Buyer to verify all information.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $14,228
• − Mortgage interest: −$3,355
• − Property taxes: −$898
• − Insurance: −$300
• − Repairs & maintenance: −$1,138
• − Management: −$1,138
• − Depreciation: −$1,743
• Taxable income: $5,655
• Est. tax owed @ 24.0%: −$1,357
• After-tax cash flow: $4,915/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.

Condition & rehab AI · 12 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and updates to bring it up to a livable condition. The exposed subfloor and missing fixtures in the kitchen and bathrooms are major issues that need to be addressed. The lack of paint and tiles further reduces the property's value. Landscaping and grass maintenance are also needed to improve curb appeal. The property has potential and could be a good investment opportunity with the right updates.

Repairs flagged

• Major Exposed subfloor in kitchen and bathrooms — Structural damage
• Major Missing countertops and cabinets in kitchen — Aesthetic and functional issues
• Major Missing fixtures in bathrooms — Aesthetic and functional issues
• Major Missing tiles in bathrooms and kitchen — Aesthetic and functional issues
• Major Missing paint on interior walls — Aesthetic and functional issues
• Major Overgrown grass and lack of landscaping — Reduces curb appeal

Value-add opportunities

• Both Paint interior walls — Improves aesthetics and value
• Both Replace countertops and cabinets in kitchen — Improves aesthetics and functionality
• Both Install new fixtures in bathrooms — Improves aesthetics and functionality
• Both Install new tiles in bathrooms and kitchen — Improves aesthetics and functionality
• Both Landscaping and grass maintenance — Improves curb appeal and value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Exposed subfloor in kitchen and bathrooms · Structural damage	Major	$15,000–50,000
Missing countertops and cabinets in kitchen · Aesthetic and functional issues	Major	$15,000–50,000
Missing fixtures in bathrooms · Aesthetic and functional issues	Major	$15,000–50,000
Missing tiles in bathrooms and kitchen · Aesthetic and functional issues	Major	$15,000–50,000
Missing paint on interior walls · Aesthetic and functional issues	Major	$15,000–50,000
Overgrown grass and lack of landscaping · Reduces curb appeal	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Both Paint interior walls — Improves aesthetics and value ↑
• Both Replace countertops and cabinets in kitchen — Improves aesthetics and functionality ↑
• Both Install new fixtures in bathrooms — Improves aesthetics and functionality ↑
• Both Install new tiles in bathrooms and kitchen — Improves aesthetics and functionality ↑
• Both Landscaping and grass maintenance — Improves curb appeal and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Marion County
• NCES district ID: 0102310
• Math proficiency: 20% ▼ -29.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $32,048
• Composite: 27.69/100
• National rank: #6911
• State rank: #56 of 129 in AL

Livability — Hamilton

• Score: 63/100
• State rank: #190
• US rank: #15568

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 10,621
• Population (ZIP): 1,522

Population outlook (Marion County) Hauer SSP2

• Today (2025): 28,759 people
• By 2030: 27,834 · -3.2%
• By 2040: 25,974 · -9.7%
• By 2050: 24,129 · -16.1%
• By 2075: 20,179 · -29.8%
• By 2100: 16,341 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 2%
• Common ancestry: Slovak 2% Italian 1% Portuguese 1%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+81.7) · D 8.8% · R 90.5%
• 2008→2024 swing: -25.6pp toward R · 2008: -56.1pp · 2024: -81.7pp
• All cycles: 2024: R+81.7 2020: R+77.8 2016: R+76.2 2012: R+61.5 2008: R+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.74%
• Current HPI: 162.7623
• 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

-53.4% since first listed

15 events — show timeline

• 2026-04-02 Price Changed $69,900 VMLS
• 2026-04-02 Price Changed $69,900 SAARMLS
• 2026-03-31 Relisted — VMLS
• 2026-03-31 Relisted — SAARMLS
• 2026-02-25 Pending — SAARMLS
• 2026-02-25 Pending — VMLS
• 2026-01-27 Relisted — VMLS
• 2026-01-27 Price Changed $79,900 VMLS
• 2026-01-27 Listed $79,900 SAARMLS
• 2025-10-22 Price Changed $82,900 VMLS
• 2025-09-15 Price Changed $89,900 VMLS
• 2025-08-19 Price Changed $99,900 VMLS
• 2025-07-18 Price Changed $119,900 VMLS
• 2025-06-16 Price Changed $144,900 VMLS
• 2025-06-16 Listed $149,900 VMLS