701 Knob Hill Cir · Dothan, AL 36301

$125,900

3 bd · 2.0 ba · 1,960 sqft · Manufactured public records · 135 Days on market

Built 1998 0.63 ac lot

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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 +29.4/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 701 Knob Hill Circle, a well maintained manufactured home tucked away in a quiet setting within the highly desirable Rehobeth School District. Inside, you'll find a cozy living room centered around a wood burning fireplace, creating the perfect space to relax and unwind. The main bedroom features a private ensuite with a large soaking tub, offering a comfortable retreat at the end of the day. A charming dinette nook sits just off the kitchen, ideal for casual meals and morning coffee. Step outside to enjoy the screened in front porch, perfect for taking in the peaceful surroundings year round. A wood framed storage barn provides plenty of space for tools, hobbies, or extra storage. This property offers comfort, functionality, and a great location. Schedule your showing today.

Key facts

• Large soaking tub
• Private ensuite
• 0.63 acre lot

Tags

• WOOD BURNING FIREPLACE
• PRIVATE ENSUITE
• LARGE SOAKING TUB
• SCREENED IN FRONT PORCH
• WOOD FRAMED STORAGE BARN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $126k.

Deal economics

• At list price, monthly cash flow is $445 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $126k).
• Recommended offer: $111k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 4.4% in Dothan — 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 64/100 on livability (#146 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, employment D, crime F.
• Houston County (rural): math 25% / reading 49% proficiency, ranked #38 of 129 in AL (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 412 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 463 units permitted in Houston County in 2024 (96 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $870 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Houston County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 135 days — a 12% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $11k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $86k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,792 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% 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. 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?
5. 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?
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: 1.19% ✓
• Cap rate: 10.54%
• Cash-on-cash: 15.16%
• DSCR: 1.67
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.8%
• Equity multiple: 1.22×
• Total profit: $7,907
• Equity at exit: $18,772

10-year hold

• IRR: 15.1%
• Equity multiple: 2.22×
• Total profit: $43,178
• Equity at exit: $10,886

Cash invested: $35,252 (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 36301

• Home prices YoY: -24.9%
• Active inventory: 412
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,500 medium
• Mortgage (P&I): −$660
• Tax from tax record: −$27 /mo · $323/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $445

Break-even live

Break-even rent $936

Max offer price $125,900

Occupancy floor 65%

Sensitivity live

Price	-10% $517	-5% $481	+0% $445	+5% $410	+10% $374
Rent	-10% $327	-5% $386	+0% $445	+5% $505	+10% $564
Rate	-1.0pp $509	-0.5pp $477	base $445	+0.5pp $413	+1.0pp $380

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: $31,475
• Closing costs: $3,777
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
142 Golf View Dr Dothan, AL	4.0	2.0	1265	$1,500	$1.19	45d	1	1.38mi

Listing history 25 events

1. 2026-06-21
   days on market $125,900 Active 135 DOM
2. 2026-06-19
   days on market $125,900 Active 133 DOM
3. 2026-06-18
   days on market $125,900 Active 132 DOM
4. 2026-06-17
   days on market $125,900 Active 131 DOM
5. 2026-06-16
   days on market $125,900 Active 130 DOM
6. 2026-06-15
   days on market $125,900 Active 129 DOM
7. 2026-06-14
   days on market $125,900 Active 127 DOM
8. 2026-06-12
   days on market $125,900 Active 126 DOM
9. 2026-06-09
   days on market $125,900 Active 123 DOM
10. 2026-06-08
    days on market $125,900 Active 122 DOM
11. 2026-06-07
    days on market $125,900 Active 121 DOM
12. 2026-06-05
    days on market $125,900 Active 118 DOM
13. 2026-06-03
    days on market $125,900 Active 117 DOM
14. 2026-06-02
    days on market $125,900 Active 116 DOM
15. 2026-06-01
    days on market $125,900 Active 115 DOM
16. 2026-05-31
    days on market $125,900 Active 114 DOM
17. 2026-05-30
    days on market $125,900 Active 113 DOM
18. 2026-05-15
    price $125,900 797-char remark

    Show marketing remark (797 chars)

    Welcome to 701 Knob Hill Circle, a well maintained manufactured home tucked away in a quiet setting within the highly desirable Rehobeth School District. Inside, you'll find a cozy living room centered around a wood burning fireplace, creating the perfect space to relax and unwind. The main bedroom features a private ensuite with a large soaking tub, offering a comfortable retreat at the end of the day. A charming dinette nook sits just off the kitchen, ideal for casual meals and morning coffee. Step outside to enjoy the screened in front porch, perfect for taking in the peaceful surroundings year round. A wood framed storage barn provides plenty of space for tools, hobbies, or extra storage. This property offers comfort, functionality, and a great location. Schedule your showing today.

19. 2026-02-06
    listed $137,200 Active 797-char remark

    Show marketing remark (797 chars)

    Welcome to 701 Knob Hill Circle, a well maintained manufactured home tucked away in a quiet setting within the highly desirable Rehobeth School District. Inside, you'll find a cozy living room centered around a wood burning fireplace, creating the perfect space to relax and unwind. The main bedroom features a private ensuite with a large soaking tub, offering a comfortable retreat at the end of the day. A charming dinette nook sits just off the kitchen, ideal for casual meals and morning coffee. Step outside to enjoy the screened in front porch, perfect for taking in the peaceful surroundings year round. A wood framed storage barn provides plenty of space for tools, hobbies, or extra storage. This property offers comfort, functionality, and a great location. Schedule your showing today.

20. 2022-04-18
    soldstatus $85,500
21. 2022-04-14
    soldstatus $85,500 400-char remark

    Show marketing remark (400 chars)

    Well maintained M/H!! New Fridge, Metal Roof (2018), HVAC (2017), Carpet in Lvrm (2017) Spacious Lvrm w/ Fireplace (wood), separate Dining off eat-in kitchen w/ Pantry. Mstr Bdrm has Dbl Closet, Mstr Bth has Split Vanities, Garden Tub, Sky Light & Sep Shower. All Bdrm's have Walk-In Closets. 10X10 Stg Bldg and 24X24 Shed w/ 10X24 Lean To. Enjoy upcoming Spring evenings in the Screened Porch.

22. 2022-04-14
    soldstatus $85,500

    Show marketing remark (400 chars)

    Well maintained M/H!! New Fridge, Metal Roof (2018), HVAC (2017), Carpet in Lvrm (2017) Spacious Lvrm w/ Fireplace (wood), separate Dining off eat-in kitchen w/ Pantry. Mstr Bdrm has Dbl Closet, Mstr Bth has Split Vanities, Garden Tub, Sky Light & Sep Shower. All Bdrm's have Walk-In Closets. 10X10 Stg Bldg and 24X24 Shed w/ 10X24 Lean To. Enjoy upcoming Spring evenings in the Screened Porch.

23. 2022-02-17
    listed $85,500 400-char remark

    Show marketing remark (400 chars)

    Well maintained M/H!! New Fridge, Metal Roof (2018), HVAC (2017), Carpet in Lvrm (2017) Spacious Lvrm w/ Fireplace (wood), separate Dining off eat-in kitchen w/ Pantry. Mstr Bdrm has Dbl Closet, Mstr Bth has Split Vanities, Garden Tub, Sky Light & Sep Shower. All Bdrm's have Walk-In Closets. 10X10 Stg Bldg and 24X24 Shed w/ 10X24 Lean To. Enjoy upcoming Spring evenings in the Screened Porch.

24. 2017-07-12
    soldstatus $37,000
25. 2017-02-27
    listed $32,150

ⓘ 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: $323 · $27/mo
• Projected year-2 tax: $516 · $43/mo
• Expected delta: +$193/yr (+$16/mo · 59.7%)

ⓘ 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 8/10 Severe 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,000
• − Mortgage interest: −$7,052
• − Property taxes: −$323
• − Insurance: −$630
• − Repairs & maintenance: −$1,440
• − Management: −$1,440
• − Depreciation: −$3,663
• Taxable income: $3,452
• Est. tax owed @ 24.0%: −$829
• After-tax cash flow: $4,516/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: Houston County
• NCES district ID: 0101770
• Math proficiency: 25% ▼ -33.00%
• Reading proficiency: 49% ▼ -1.00%
• Median HH income: $40,530
• Composite: 31.01/100
• National rank: #6092
• State rank: #38 of 129 in AL

Livability — Dothan

• Score: 64/100
• State rank: #146
• US rank: #13662

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 47,783
• Population (ZIP): 38,627

Population outlook (Houston County) Hauer SSP2

• Today (2025): 110,280 people
• By 2030: 112,668 · +2.2%
• By 2040: 116,149 · +5.3%
• By 2050: 117,805 · +6.8%
• By 2075: 118,577 · +7.5%
• By 2100: 110,940 · +0.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 59% Black 31% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Houston

• 2024 margin: Solid R (+47.8) · D 25.7% · R 73.5%
• 2008→2024 swing: -7.0pp toward R · 2008: -40.8pp · 2024: -47.8pp
• All cycles: 2024: R+47.8 2020: R+42.7 2016: R+47.6 2012: R+40.3 2008: R+40.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.46%
• Current HPI: 161.1212
• 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

+291.6% since first listed

8 events — show timeline

• 2026-05-15 Price Changed $125,900 SAMLS
• 2026-02-06 Listed $137,200 SAMLS
• 2022-04-18 Sold (Public Records) $85,500 Public Records
• 2022-04-14 Sold (MLS) $85,500 SAMLS
• 2022-04-14 Sold (MLS) $85,500 WBR
• 2022-02-17 Listed $85,500 WBR
• 2017-07-12 Sold (MLS) $37,000 SAMLS
• 2017-02-27 Listed $32,150 SAMLS

Property tax history

+3.3%/yr

Latest (2023): $323 · +158.8% YoY. Source: county tax records.