208 N Railroad St · Linden, AL 36748

$35,000

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 96 Days on market

Built 1977 0.50 ac lot $35/sqft · 51% below area

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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
• Appreciation +9.6/10.0
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +0.8/10.0

Listing remarks MLS

Two bedroom one bath fixer upper with a large yard.

Key facts

• 0.5 acre lot
• Parking
• Built 1977

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $35k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($749 rent vs $35k).
• Recommended offer: $32k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 59/100 on livability (#316 in AL) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing B+; Watch: schools F, amenities F, commute F.
• Linden City (rural): math 3% / reading 16% proficiency, ranked #122 of 129 in AL (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 7 active listings in the ZIP; 1 comparable units currently listed for rent nearby.

Forward outlook

• In year one you build about $3k of equity ($242 loan paydown + $3k appreciation (9.1% local appreciation)).
• Marengo County population projected at -29% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (9.1% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 96 days — a 9% lower offer ($32k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago; this cycle's ask has dropped $15k (30%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $26k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $31,850 (9.0% below list)

Questions for the listing agent

1. It's been on market 96 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — 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 F-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: 2.14% ✓
• Cap rate: 19.44%
• Cash-on-cash: 46.94%
• DSCR: 3.09
• GRM: 3.9

CMA / ARV

• ARV (median comp): $144,329
• List price: $35,000
• Delta: -75.75%
• Verdict: UNDERPRICED
• Comps: 13 within 1.0 mi

Projected returns pro-forma

9.11% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 59.9%
• Equity multiple: 5.22×
• Total profit: $41,359
• Equity at exit: $29,287

10-year hold

• IRR: 54.1%
• Equity multiple: 11.42×
• Total profit: $102,130
• Equity at exit: $60,914

Cash invested: $9,800 (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 36748

• Home prices YoY: 7.9%
• Active inventory: 7
• Price-to-rent: 3.9×

Monthly cashflow live

• Estimated rent: $749 medium
• Mortgage (P&I): −$184
• Tax from tax record: −$10 /mo · $123/yr
• Insurance: −$15
• HOA: −$0
• Vacancy / Maint / Mgmt: −$157
• Net cashflow: $383

Break-even live

Break-even rent $264

Max offer price $35,000

Occupancy floor 44%

Sensitivity live

Price	-10% $403	-5% $393	+0% $383	+5% $373	+10% $364
Rent	-10% $324	-5% $354	+0% $383	+5% $413	+10% $443
Rate	-1.0pp $401	-0.5pp $392	base $383	+0.5pp $374	+1.0pp $365

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: $8,750
• Closing costs: $1,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
501 Martin Luther King Dr Linden, AL	2.0–3.0	2.0	1012	$749	$0.74	45d	1	0.30mi

Listing history 22 events

1. 2026-06-21
   days on market $35,000 Active 96 DOM
2. 2026-06-18
   days on market $35,000 Active 93 DOM
3. 2026-06-17
   days on market $35,000 Active 92 DOM
4. 2026-06-16
   days on market $35,000 Active 91 DOM
5. 2026-06-15
   days on market $35,000 Active 90 DOM
6. 2026-06-14
   days on market $35,000 Active 88 DOM
7. 2026-06-12
   days on market $35,000 Active 87 DOM
8. 2026-06-09
   days on market $35,000 Active 84 DOM
9. 2026-06-08
   days on market $35,000 Active 83 DOM
10. 2026-06-07
    days on market $35,000 Active 82 DOM
11. 2026-06-07
    days on market $35,000 Active 81 DOM
12. 2026-06-04
    days on market $35,000 Active 78 DOM
13. 2026-06-02
    days on market $35,000 Active 77 DOM
14. 2026-06-01
    days on market $35,000 Active 76 DOM
15. 2026-05-31
    days on market $35,000 Active 75 DOM
16. 2026-05-31
    days on market $35,000 Active 74 DOM
17. 2026-04-15
    price $39,000 51-char remark

    Show marketing remark (51 chars)

    Two bedroom one bath fixer upper with a large yard.

18. 2026-03-27
    price $45,000 51-char remark

    Show marketing remark (51 chars)

    Two bedroom one bath fixer upper with a large yard.

19. 2026-03-17
    listed $49,900 Active 51-char remark

    Show marketing remark (51 chars)

    Two bedroom one bath fixer upper with a large yard.

20. 2024-12-17
    soldstatus $25,750 Sold 434-char remark

    Show marketing remark (434 chars)

    Investment Opportunity – 2 Bed, 1 Bath Home on 5 Lots! This 988 sq. ft. property features 2 bedrooms and 1 bathroom, offering solid rental potential. Sitting on 5 spacious lots, there’s ample opportunity for expansion. Build additional homes or place mobile units to maximize rental income. Perfect for investors looking to grow their portfolio! Don’t miss out on this versatile property with endless possibilities.

21. 2024-11-20
    status Pending 434-char remark

    Show marketing remark (434 chars)

    Investment Opportunity – 2 Bed, 1 Bath Home on 5 Lots! This 988 sq. ft. property features 2 bedrooms and 1 bathroom, offering solid rental potential. Sitting on 5 spacious lots, there’s ample opportunity for expansion. Build additional homes or place mobile units to maximize rental income. Perfect for investors looking to grow their portfolio! Don’t miss out on this versatile property with endless possibilities.

22. 2024-11-08
    listed $29,999 Active 434-char remark

    Show marketing remark (434 chars)

    Investment Opportunity – 2 Bed, 1 Bath Home on 5 Lots! This 988 sq. ft. property features 2 bedrooms and 1 bathroom, offering solid rental potential. Sitting on 5 spacious lots, there’s ample opportunity for expansion. Build additional homes or place mobile units to maximize rental income. Perfect for investors looking to grow their portfolio! Don’t miss out on this versatile property with endless possibilities.

ⓘ 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: $123 · $10/mo
• Projected year-2 tax: $144 · $12/mo
• Expected delta: +$21/yr (+$2/mo · 16.9%)

ⓘ 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 ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $8,988
• − Mortgage interest: −$1,961
• − Property taxes: −$123
• − Insurance: −$175
• − Repairs & maintenance: −$719
• − Management: −$719
• − Depreciation: −$1,018
• Taxable income: $4,273
• Est. tax owed @ 24.0%: −$1,026
• After-tax cash flow: $3,575/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: Linden City
• NCES district ID: 0102130
• Math proficiency: 3% ▼ -18.00%
• Reading proficiency: 16% ▼ -3.00%
• Median HH income: $35,093
• Composite: 7.73/100
• National rank: #9938
• State rank: #122 of 129 in AL

Livability — Linden

• Score: 59/100
• State rank: #316
• US rank: #19631

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Linden, AL
• Population (ZIP): 2,358

Population outlook (Marengo County) Hauer SSP2

• Today (2025): 17,880 people
• By 2030: 16,760 · -6.3%
• By 2040: 14,599 · -18.4%
• By 2050: 12,729 · -28.8%
• By 2075: 9,601 · -46.3%
• By 2100: 7,966 · -55.4%

Race, ethnicity, and origin ACS 2023

• Race & ethnicity: Black 50% White 50%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 0%

Political lean MEDSL · Marengo

• 2024 margin: Toss-up / Even · D 47.9% · R 51.6%
• 2008→2024 swing: -7.3pp toward R · 2008: 3.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+1.3 2016: D+3.5 2012: D+7.2 2008: D+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.11%
• Current HPI: 124.09
• 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

+30.0% since first listed

6 events — show timeline

• 2026-04-15 Price Changed $39,000 Greater Alabama MLS
• 2026-03-27 Price Changed $45,000 Greater Alabama MLS
• 2026-03-17 Listed $49,900 Greater Alabama MLS
• 2024-12-17 Sold (MLS) $25,750 Greater Alabama MLS
• 2024-11-20 Pending — Greater Alabama MLS
• 2024-11-08 Listed $29,999 Greater Alabama MLS