138 Trammell St · Roanoke, AL 36274

$99,900

3 bd · 1.0 ba · 1,624 sqft · SingleFamily public records · 88 Days on market

Built 1930 0.30 ac lot $62/sqft · 31% below area Est $146k · 31% 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 +23.9/30.0
• ARV discount +15.0/15.0
• DSCR +7.7/10.0
• 1% rule +6.2/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome! This 3-bedroom, 1-bath home offers a great opportunity for homeowners or investors looking for an affordable property with solid potential. Located in a quiet, established neighborhood, this home features a functional layout, spacious yard, and convenient access to local schools, shopping, and downtown amenities. Whether you're searching for a starter home or an investment property, this home provides plenty of possibilities. With nearby comparable homes showing strong value growth, this is your chance to own a property in a desirable area at an accessible price point. Schedule your showing today and explore the potential this property has to offer! Property is owned by licensed real estate agent.

Key facts

• Spacious yard
• Solid potential
• Strong value growth

Tags

• SPACIOUS YARD
• CONVENIENT ACCESS TO SHOPPING
• ESTABLISHED NEIGHBORHOOD
• STRONG VALUE GROWTH
• SOLID POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $193 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 2.8% in Roanoke — 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 56/100 on livability (#405 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Roanoke City (town): math 16% / reading 41% proficiency, ranked #78 of 129 in AL (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Knight Enloe Elementary School (math 37% / reading 52%, grade F, #171 of 627 statewide, top 31%, 487 students, 54% FRL); Handley Middle School (math 12% / reading 44%, grade F, #141 of 257 statewide, top 55%, 503 students, 71% FRL); Handley High School (math 12% / reading 22%, grade F, #195 of 305 statewide, top 68%, 457 students, 52% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: 80 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Randolph County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 88 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 46% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 88 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.12% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.30%
• DSCR: 1.37
• GRM: 7.4

CMA / ARV

• ARV (median comp): $145,635
• List price: $99,900
• Delta: -31.40%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
818 Heflin Ave	0.60mi	3/2.0	1,596 (-2%)	6mo	$94,900	$59	60
1459 Main St	0.70mi	3/1.5	1,768 (+9%)	1mo	$55,000	$31	50
916 Kirk St	0.37mi	3/2.0	1,728 (+6%)	24mo	$200,000	$116	48
137 Price St	0.48mi	2/2.0 (-1)	1,408 (-13%)	1mo	$35,000	$25	46

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-3,855
• Equity at exit: $14,895

10-year hold

• IRR: 6.0%
• Equity multiple: 1.45×
• Total profit: $12,570
• Equity at exit: $8,638

Cash invested: $27,972 (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 36274

• Home prices YoY: -7.9%
• Active inventory: 80
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,119 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $193

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 78%

Sensitivity live

Price	-10% $262	-5% $228	+0% $193	+5% $159	+10% $124
Rent	-10% $105	-5% $149	+0% $193	+5% $238	+10% $282
Rate	-1.0pp $244	-0.5pp $219	base $193	+0.5pp $167	+1.0pp $141

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $99,900 Active 88 DOM
2. 2026-06-19
   days on market $99,900 Active 86 DOM
3. 2026-06-18
   days on market $99,900 Active 85 DOM
4. 2026-06-17
   days on market $99,900 Active 84 DOM
5. 2026-06-16
   days on market $99,900 Active 83 DOM
6. 2026-06-15
   days on market $99,900 Active 82 DOM
7. 2026-06-14
   days on market $99,900 Active 80 DOM
8. 2026-06-12
   days on market $99,900 Active 79 DOM
9. 2026-06-09
   days on market $99,900 Active 76 DOM
10. 2026-06-08
    days on market $99,900 Active 75 DOM
11. 2026-06-07
    days on market $99,900 Active 74 DOM
12. 2026-06-05
    days on market $99,900 Active 72 DOM
13. 2026-06-04
    days on market $99,900 Active 70 DOM
14. 2026-06-02
    days on market $99,900 Active 69 DOM
15. 2026-06-01
    days on market $99,900 Active 68 DOM
16. 2026-05-31
    days on market $99,900 Active 67 DOM
17. 2026-05-31
    days on market $99,900 Active 66 DOM
18. 2026-03-25
    listed $99,900 Active 715-char remark

    Show marketing remark (715 chars)

    Welcome! This 3-bedroom, 1-bath home offers a great opportunity for homeowners or investors looking for an affordable property with solid potential. Located in a quiet, established neighborhood, this home features a functional layout, spacious yard, and convenient access to local schools, shopping, and downtown amenities. Whether you're searching for a starter home or an investment property, this home provides plenty of possibilities. With nearby comparable homes showing strong value growth, this is your chance to own a property in a desirable area at an accessible price point. Schedule your showing today and explore the potential this property has to offer! Property is owned by licensed real estate agent.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 46% 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: $13,424
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,074
• − Management: −$1,074
• − Depreciation: −$2,906
• Taxable income: $776
• Est. tax owed @ 24.0%: −$186
• After-tax cash flow: $2,134/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: Roanoke City
• NCES district ID: 0102850
• Math proficiency: 16% ▼ -19.00%
• Reading proficiency: 41% ▲ 6.00%
• Median HH income: $34,287
• Composite: 23.36/100
• National rank: #7906
• State rank: #78 of 129 in AL

Livability — Roanoke

• Score: 56/100
• State rank: #405
• US rank: #22530

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roanoke, AL
• Population (ZIP): 9,827

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 22,095 people
• By 2030: 21,500 · -2.7%
• By 2040: 20,042 · -9.3%
• By 2050: 18,428 · -16.6%
• By 2075: 14,828 · -32.9%
• By 2100: 11,511 · -47.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 29% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Italian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+64.8) · D 17.3% · R 82.2%
• 2008→2024 swing: -25.3pp toward R · 2008: -39.6pp · 2024: -64.8pp
• All cycles: 2024: R+64.8 2020: R+58.6 2016: R+53.4 2012: R+39.9 2008: R+39.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.15%
• Current HPI: 188.5223
• 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

1 event — show timeline

• 2026-03-25 Listed $99,900 Greater Alabama MLS