1315 Lakeside Dr NW · Cullman, AL 35055

$199,900

2 bd · 1.5 ba · 1,101 sqft · SingleFamily public records · 58 Days on market

Built 1962 0.41 ac lot $182/sqft · 26% above area Est $253k · 21% under

---

Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +8.0/30.0
• Schools +4.3/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for the perfect home inside the city limits? Highly sought after Cullman City Schools! This one checks all the boxes. This spacious split-level home offers a functional layout with room for everyone. The lower level features a private bedroom, full bath, and additional living/den space—perfect for guests, a home office, or separate living quarters. On the main level, you’ll find a welcoming living room, an eat-in kitchen ideal for everyday meals or entertaining, and a convenient half bath. Upstairs includes three comfortable bedrooms and a full bath, giving you the space and flexibility every family needs. Fully fenced backyard for added privacy and convenience. Located just minutes from shopping, dining, and everything Cullman has to offer, this home combines location, space, and value. Don’t miss this opportunity—schedule your showing today!

Key facts

• Private bedroom
• Full bath
• Eat-in kitchen

Tags

• PRIVATE BEDROOM
• FULL BATH
• ADDITIONAL LIVING SPACE
• EAT-IN KITCHEN
• FULLY FENCED BACKYARD
• MINUTES FROM SHOPPING

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-274 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (24.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $123k (38.3% below list).
• Recommended offer: $123k (38.3% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 3.8% in Cullman — 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 71/100 on livability (#36 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: amenities C-, commute F, health & safety F.
• Cullman City (town): math 38% / reading 65% proficiency, ranked #13 of 129 in AL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 339 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 180 units permitted in Cullman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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: flood insurance adds $66/mo.
• Climate carrying-cost: major flood risk; moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,416 (38.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 38% concession, seller financing, or rate buy-down credit?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.62% ✗
• Cap rate: 5.05%
• Cash-on-cash: -4.46%
• DSCR: 0.80
• GRM: 13.5

CMA / ARV

• ARV (median comp): $253,286
• List price: $199,900
• Delta: -21.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1400 NW Lakeside Dr	0.08mi	2/1.0	1,192 (+8%)	12mo	$145,000	$122	70
1200 Third Ave SE	0.50mi	3/1.0 (+1)	1,128 (+2%)	18mo	$52,300	$46	50
1502 St Joseph St NW	0.75mi	3/1.0 (+1)	1,054 (-4%)	2mo	$175,000	$166	50
1112 Main Ave NE	0.36mi	2/1.0	1,260 (+14%)	11mo	$197,500	$157	48
1409 Katherine St NW	0.58mi	3/1.0 (+1)	1,056 (-4%)	15mo	$122,000	$116	46
1404 Brunner St NW	0.67mi	3/2.0 (+1)	1,035 (-6%)	8mo	$208,000	$201	45
1303 Brunner St NW	0.64mi	2/2.0	1,036 (-6%)	18mo	$154,000	$149	44
1011 Saint Joseph St	0.75mi	2/1.0	1,035 (-6%)	20mo	$163,000	$157	36
1409 Ann St NW	0.52mi	3/1.0 (+1)	960 (-13%)	14mo	$105,000	$109	36
1517 Brunner St NW	0.68mi	3/1.0 (+1)	1,021 (-7%)	18mo	$80,000	$78	34
1315 St Joseph St	0.70mi	3/2.0 (+1)	967 (-12%)	12mo	$110,000	$114	30

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: -26.4%
• Equity multiple: 0.11×
• Total profit: $-49,925
• Equity at exit: $29,806

10-year hold

• IRR: -23.8%
• Equity multiple: -0.18×
• Total profit: $-66,224
• Equity at exit: $17,284

Cash invested: $55,972 (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 35055

• Home prices YoY: -14.4%
• Active inventory: 339
• Price-to-rent: 13.5×

Monthly cashflow live

• Estimated rent: $1,234 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$51 /mo · $615/yr
• Insurance: −$83
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $-274

Break-even live

Break-even rent $1,581

Max offer price $151,443

Occupancy floor —

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1308 1st St SW Apt I Cullman, AL	2.0	1.5	896	$950	$1.06	43d	1	0.92mi
100 Denson Ave SW Unit L Cullman, AL	2.0	1.5	896	$950	$1.06	43d	1	0.94mi

Listing history 35 events

1. 2026-06-19
   days on market $199,900 Active 58 DOM
2. 2026-06-18
   days on market $199,900 Active 57 DOM
3. 2026-06-17
   days on market $199,900 Active 56 DOM
4. 2026-06-16
   days on market $199,900 Active 55 DOM
5. 2026-06-15
   days on market $199,900 Active 54 DOM
6. 2026-06-14
   days on market $199,900 Active 52 DOM
7. 2026-06-12
   days on market $199,900 Active 51 DOM
8. 2026-06-09
   days on market $199,900 Active 48 DOM
9. 2026-06-08
   days on market $199,900 Active 47 DOM
10. 2026-06-07
    days on market $199,900 Active 46 DOM
11. 2026-06-05
    days on market $199,900 Active 43 DOM
12. 2026-06-03
    pricedays on market $199,900 Active 42 DOM
13. 2026-06-02
    days on market $209,000 Active 41 DOM
14. 2026-06-01
    days on market $209,000 Active 40 DOM
15. 2026-05-31
    days on market $209,000 Active 39 DOM
16. 2026-05-30
    days on market $209,000 Active 38 DOM
17. 2026-04-22
    listed $209,000 Active 887-char remark

    Show marketing remark (887 chars)

    Looking for the perfect home inside the city limits? Highly sought after Cullman City Schools! This one checks all the boxes. This spacious split-level home offers a functional layout with room for everyone. The lower level features a private bedroom, full bath, and additional living/den space—perfect for guests, a home office, or separate living quarters. On the main level, you’ll find a welcoming living room, an eat-in kitchen ideal for everyday meals or entertaining, and a convenient half bath. Upstairs includes three comfortable bedrooms and a full bath, giving you the space and flexibility every family needs. Fully fenced backyard for added privacy and convenience. Located just minutes from shopping, dining, and everything Cullman has to offer, this home combines location, space, and value. Don’t miss this opportunity—schedule your showing today!

18. 2025-06-25
    price $189,900
19. 2025-06-09
    listed $199,900 Active
20. 2025-05-02
    price $199,900
21. 2025-04-15
    price $212,000
22. 2025-03-04
    price $220,000
23. 2025-02-05
    price $239,900
24. 2025-01-13
    price $244,900
25. 2024-12-06
    listed $249,900 Active
26. 2022-06-03
    soldstatus $201,900
27. 2022-06-02
    soldstatus $201,900 Closed
28. 2022-04-21
    listed $199,900
29. 2021-07-26
    listed $184,900
30. 2020-08-24
    listed $184,900
31. 2017-05-19
    soldstatus $128,000
32. 2017-05-19
    soldstatus $128,000
33. 2017-02-21
    listed $134,000
34. 2009-12-05
    listed $104,900
35. 2008-07-01
    listed $109,900

ⓘ 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: $615 · $51/mo
• Projected year-2 tax: $820 · $68/mo
• Expected delta: +$205/yr (+$17/mo · 33.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% 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: $14,810
• − Mortgage interest: −$11,198
• − Property taxes: −$615
• − Insurance: −$1,797
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$5,815
• Taxable loss: −$6,984
• Est. tax savings @ 24.0%: +$1,676
• After-tax cash flow: $-1,615/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: Cullman City
• NCES district ID: 0100990
• Math proficiency: 38% ▼ -32.00%
• Reading proficiency: 65% ▼ -1.00%
• Median HH income: $38,339
• Composite: 42.81/100
• National rank: #3140
• State rank: #13 of 129 in AL

Livability — Cullman

• Score: 71/100
• State rank: #36
• US rank: #6789

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cullman, AL
• County: Cullman County · 47,767 people
• City population: 34,660
• Metro: Cullman, AL
• Population (ZIP): 23,115
• Household income: $58,405
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 499.0

Population outlook (Cullman County) Hauer SSP2

• Today (2025): 84,522 people
• By 2030: 85,402 · +1.0%
• By 2040: 86,152 · +1.9%
• By 2050: 85,202 · +0.8%
• By 2075: 79,679 · -5.7%
• By 2100: 66,943 · -20.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 6% Hispanic / Latino 3% Black 1%
• Common ancestry: Italian 3% Serbian 2% Romanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Cullman

• 2024 margin: Solid R (+80.5) · D 9.4% · R 89.9%
• 2008→2024 swing: -15.3pp toward R · 2008: -65.2pp · 2024: -80.5pp
• All cycles: 2024: R+80.5 2020: R+77.4 2016: R+77.8 2012: R+69.5 2008: R+65.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.60%
• Current HPI: 259.5471
• Rent YoY: —
• Metro: Cullman, AL
• 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

+90.2% since first listed

19 events — show timeline

• 2026-04-22 Listed $209,000 SAARMLS
• 2025-06-25 Price Changed $189,900 SAARMLS
• 2025-06-09 Listed $199,900 SAARMLS
• 2025-05-02 Price Changed $199,900 SAARMLS
• 2025-04-15 Price Changed $212,000 SAARMLS
• 2025-03-04 Price Changed $220,000 SAARMLS
• 2025-02-05 Price Changed $239,900 SAARMLS
• 2025-01-13 Price Changed $244,900 SAARMLS
• 2024-12-06 Listed $249,900 SAARMLS
• 2022-06-03 Sold (Public Records) $201,900 Public Records
• 2022-06-02 Sold (MLS) $201,900 SAARMLS
• 2022-04-21 Listed $199,900 SAARMLS
• 2021-07-26 Listed $184,900 SAARMLS
• 2020-08-24 Listed $184,900 SAARMLS
• 2017-05-19 Sold (Public Records) $128,000 Public Records
• 2017-05-19 Sold (MLS) $128,000 SAARMLS
• 2017-02-21 Listed $134,000 SAARMLS
• 2009-12-05 Listed $104,900 SAARMLS
• 2008-07-01 Listed $109,900 SAARMLS

Property tax history

+7.5%/yr

Latest (2025): $615 · +7.3% YoY. Source: county tax records.