224 Dunn Dr · Albertville, AL 35950

$132,500

4 bd · 3.0 ba · 1,958 sqft · SingleFamily public records · 21 Days on market

Built 1940 0.36 ac lot

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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 +25.0/30.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Remodeled- 1944 Sq. Ft 4 Bd 3 Ba, Cen H/A, newly painted exterior, new LVP flooring, all 3 bathrooms w/ new vanities, fixtures, huge covered front porch, crown molding thru out, all 4 bedrooms w/ walk in closets, new doors, roof, HVAC, water heater and windows replaces in 2017, large stained covered back deck, 14x10 outbuilding.

Key facts

• 0.36 acre lot
• Built 1940
• Listed 21 days

Property features AI

Finance

• Other: Located in the Metes And Bounds subdivision area
• HOA & community: No homeowners association

Exterior

• Parking: No designated parking
• Utilities: Public water; Septic sewer
• Home design: Single-family residence; Residential property; Built in 1940; One-story (entry level unspecified)
• Construction: Slab foundation; No fireplaces
• Exterior features: 0.36-acre lot; Public water; Septic tank

Interior

• Bathrooms: 3 full bathrooms
• Heating & cooling: No heating; No cooling
• Interior features: 5 total rooms

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $132k).
• Recommended offer: $131k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.6% in Albertville — 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 65/100 on livability (#141 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Marshall County (rural): math 14% / reading 38% proficiency, ranked #86 of 129 in AL (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Douglas Elementary School (math 19% / reading 34%, grade F, #407 of 627 statewide, top 65%, 461 students, 53% FRL); Douglas Middle School (math 9% / reading 39%, grade F, #168 of 257 statewide, top 66%, 496 students, 53% FRL); Douglas High School (math 12% / reading 27%, grade F, #169 of 305 statewide, top 59%, 674 students, 50% FRL).
• Market conditions: 110 active listings in the ZIP; 163 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $916 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $130,512 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.04% ✓
• Cap rate: 8.91%
• Cash-on-cash: 9.34%
• DSCR: 1.42
• GRM: 8.0

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: -2.2%
• Equity multiple: 0.92×
• Total profit: $-3,129
• Equity at exit: $19,756

10-year hold

• IRR: 7.4%
• Equity multiple: 1.56×
• Total profit: $20,749
• Equity at exit: $11,456

Cash invested: $37,100 (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 35950

• Home prices YoY: -20.4%
• Active inventory: 110
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,375 medium
• Mortgage (P&I): −$695
• Tax from tax record: −$48 /mo · $571/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $289

Break-even live

Break-even rent $1,010

Max offer price $132,500

Occupancy floor 74%

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: $33,125
• Closing costs: $3,975
• Reserves months: —
• Total cash needed: —

Listing history 34 events

1. 2026-06-18
   days on market $132,500 Active 21 DOM
2. 2026-06-17
   days on market $132,500 Active 20 DOM
3. 2026-06-16
   days on market $132,500 Active 19 DOM
4. 2026-06-15
   days on market $132,500 Active 18 DOM
5. 2026-06-14
   days on market $132,500 Active 16 DOM
6. 2026-06-13
   days on market $132,500 Active 15 DOM
7. 2026-06-10
   days on market $132,500 Active 13 DOM
8. 2026-06-09
   days on market $132,500 Active 12 DOM
9. 2026-06-08
   days on market $132,500 Active 11 DOM
10. 2026-06-07
    days on market $132,500 Active 10 DOM
11. 2026-06-05
    days on market $132,500 Active 7 DOM
12. 2026-06-03
    days on market $132,500 Active 6 DOM
13. 2026-06-02
    days on market $132,500 Active 5 DOM
14. 2026-06-01
    days on market $132,500 Active 4 DOM
15. 2026-05-31
    days on market $132,500 Active 3 DOM
16. 2026-05-30
    days on market $132,500 Active 2 DOM
17. 2026-05-28
    listed $132,500 Active
18. 2026-02-23
    price $139,900
19. 2026-01-01
    price $149,900
20. 2025-11-18
    price $159,900
21. 2025-10-17
    price $169,900
22. 2025-09-07
    listed $174,900 Active
23. 2022-08-25
    soldstatus $160,000 Sold 330-char remark

    Show marketing remark (330 chars)

    Remodeled- 1944 Sq. Ft 4 Bd 3 Ba, Cen H/A, newly painted exterior, new LVP flooring, all 3 bathrooms w/ new vanities, fixtures, huge covered front porch, crown molding thru out, all 4 bedrooms w/ walk in closets, new doors, roof, HVAC, water heater and windows replaces in 2017, large stained covered back deck, 14x10 outbuilding.

24. 2022-08-25
    soldstatus $160,000

    Show marketing remark (330 chars)

    Remodeled- 1944 Sq. Ft 4 Bd 3 Ba, Cen H/A, newly painted exterior, new LVP flooring, all 3 bathrooms w/ new vanities, fixtures, huge covered front porch, crown molding thru out, all 4 bedrooms w/ walk in closets, new doors, roof, HVAC, water heater and windows replaces in 2017, large stained covered back deck, 14x10 outbuilding.

25. 2022-07-14
    status Pending 330-char remark

    Show marketing remark (330 chars)

    Remodeled- 1944 Sq. Ft 4 Bd 3 Ba, Cen H/A, newly painted exterior, new LVP flooring, all 3 bathrooms w/ new vanities, fixtures, huge covered front porch, crown molding thru out, all 4 bedrooms w/ walk in closets, new doors, roof, HVAC, water heater and windows replaces in 2017, large stained covered back deck, 14x10 outbuilding.

26. 2022-06-27
    listed $164,000 Active 330-char remark

    Show marketing remark (330 chars)

    Remodeled- 1944 Sq. Ft 4 Bd 3 Ba, Cen H/A, newly painted exterior, new LVP flooring, all 3 bathrooms w/ new vanities, fixtures, huge covered front porch, crown molding thru out, all 4 bedrooms w/ walk in closets, new doors, roof, HVAC, water heater and windows replaces in 2017, large stained covered back deck, 14x10 outbuilding.

27. 2022-04-20
    soldstatus $89,900 Sold
28. 2022-04-20
    soldstatus $89,900
29. 2022-03-16
    historical Contingent
30. 2022-02-19
    price $124,900
31. 2022-01-30
    listed $139,900 Active
32. 2017-02-23
    soldstatus $85,784
33. 2017-02-22
    soldstatus $83,000
34. 2017-01-10
    listed $82,400

ⓘ 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: $571 · $48/mo
• Projected year-2 tax: $571 · $48/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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,503
• − Mortgage interest: −$7,422
• − Property taxes: −$571
• − Insurance: −$662
• − Repairs & maintenance: −$1,320
• − Management: −$1,320
• − Depreciation: −$3,855
• Taxable income: $1,352
• Est. tax owed @ 24.0%: −$325
• After-tax cash flow: $3,141/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: Marshall County
• NCES district ID: 0100006
• Math proficiency: 14% ▼ -26.00%
• Reading proficiency: 38% ▲ 2.00%
• Median HH income: $40,439
• Composite: 21.88/100
• National rank: #8234
• State rank: #86 of 129 in AL

Livability — Albertville

• Score: 65/100
• State rank: #141
• US rank: #13438

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 21,173

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 98,138 · +0.8%
• By 2040: 98,502 · +1.1%
• By 2050: 97,024 · -0.4%
• By 2075: 89,334 · -8.3%
• By 2100: 74,749 · -23.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Hispanic / Latino 31% Two or more races 10% Native American 5% Black 3%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Slovak 1% Italian 1% Hispanic 1%
• Foreign-born: 13% · Canada
• Languages at home: 71% English-only · Spanish 28% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+71.7) · D 13.8% · R 85.5%
• 2008→2024 swing: -15.4pp toward R · 2008: -56.4pp · 2024: -71.7pp
• All cycles: 2024: R+71.7 2020: R+68.7 2016: R+69.5 2012: R+60.1 2008: R+56.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -56.37%
• Current HPI: 220.4214
• 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

+60.8% since first listed

18 events — show timeline

• 2026-05-28 Listed $132,500 VMLS
• 2026-02-23 Price Changed $139,900 VMLS
• 2026-01-01 Price Changed $149,900 VMLS
• 2025-11-18 Price Changed $159,900 VMLS
• 2025-10-17 Price Changed $169,900 VMLS
• 2025-09-07 Listed $174,900 VMLS
• 2022-08-25 Sold (Public Records) $160,000 Public Records
• 2022-08-25 Sold (MLS) $160,000 VMLS
• 2022-07-14 Pending — VMLS
• 2022-06-27 Listed $164,000 VMLS
• 2022-04-20 Sold (Public Records) $89,900 Public Records
• 2022-04-20 Sold (MLS) $89,900 VMLS
• 2022-03-16 Contingent — VMLS
• 2022-02-19 Price Changed $124,900 VMLS
• 2022-01-30 Listed $139,900 VMLS
• 2017-02-23 Sold (Public Records) $85,784 Public Records
• 2017-02-22 Sold (MLS) $83,000 VMLS
• 2017-01-10 Listed $82,400 VMLS

Property tax history

+19.9%/yr

Latest (2025): $571 · +7.6% YoY. Source: county tax records.