15988 Highway 29 · Andalusia, AL 36420

$34,000

2 bd · 1.0 ba · 848 sqft · SingleFamily · 16 Days on market

Built 1955 Poor condition 1.11 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.4/10.0
• ARV discount +7.5/15.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0

Listing remarks

Check out this investment opportunity. Disclaimer- This is a tax deed property that is occupied. Sight unseen offers only. Cash offers only. No title insurance available.

Key facts

• 1.11 acre lot
• Built 1955
• Listed 15 days

Property features AI

Finance

• Other: Lot size about 1.11 acres
• Financial info: No financial details provided
• HOA & community: No association fees

Exterior

• Parking: Driveway parking
• Security: No security features listed
• Utilities: Public water; Septic system; Internet service availability unknown
• Home design: Existing construction; Single-story/main-level living (all rooms listed at level 1); Vinyl siding
• Construction: Vinyl siding construction; Crawl space foundation
• Exterior features: No waterfront; No pool; No patio; No garden/patio; No decks

Interior

• Kitchen: Kitchen on the main level
• Bedrooms: Two bedrooms, both on the main level
• Flooring: Subflooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: No heat; No air conditioning
• Interior features: Ceilings: Other (see remarks); Subflooring; No additional interior features listed
• Laundry & utility: No heat or air (no HVAC listed)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $34k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($850 rent vs $34k).
• Recommended offer: $33k (1.5% below list) — sets the bar for market timing.
• Cap rate 21.7% vs local median 4.1% in Andalusia — 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 (#142 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Covington County (rural): math 27% / reading 50% proficiency, ranked #32 of 129 in AL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Straughn Middle School (math 35% / reading 62%, grade C-, #28 of 257 statewide, top 11%, 318 students, 65% FRL).
• Market conditions: 87 active listings in the ZIP; 13 units permitted in Covington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($235 loan paydown + $2k appreciation (6.8% local appreciation)).
• Covington County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (6.8% appreciation + 3.0% rent growth), your $10k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($33k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $33,490 (1.5% below list)

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 2.50% ✓
• Cap rate: 21.70%
• Cash-on-cash: 55.03%
• DSCR: 3.45
• GRM: 3.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.81% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 64.3%
• Equity multiple: 5.13×
• Total profit: $39,290
• Equity at exit: $23,137

10-year hold

• IRR: 60.6%
• Equity multiple: 10.82×
• Total profit: $93,472
• Equity at exit: $43,572

Cash invested: $9,520 (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 36420

• Home prices YoY: 2.9%
• Active inventory: 87
• Price-to-rent: 3.3×

Monthly cashflow live

• Estimated rent: $850 medium
• Mortgage (P&I): −$178
• Tax est. 1.5%: −$42 /mo · $510/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$178
• Net cashflow: $437

Break-even live

Break-even rent $297

Max offer price $34,000

Occupancy floor 44%

Sensitivity live

Price	-10% $460	-5% $448	+0% $437	+5% $425	+10% $413
Rent	-10% $369	-5% $403	+0% $437	+5% $470	+10% $504
Rate	-1.0pp $454	-0.5pp $445	base $437	+0.5pp $428	+1.0pp $419

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: $8,500
• Closing costs: $1,020
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-06-21
   days on market $34,000 Active 16 DOM
2. 2026-06-19
   days on market $34,000 Active 14 DOM
3. 2026-06-18
   days on market $34,000 Active 13 DOM
4. 2026-06-17
   days on market $34,000 Active 12 DOM
5. 2026-06-16
   days on market $34,000 Active 11 DOM
6. 2026-06-15
   days on market $34,000 Active 10 DOM
7. 2026-06-14
   days on market $34,000 Active 8 DOM
8. 2026-06-12
   days on market $34,000 Active 7 DOM
9. 2026-06-09
   days on market $34,000 Active 4 DOM
10. 2026-06-08
    days on market $34,000 Active 3 DOM
11. 2026-06-07
    days on market $34,000 Active 2 DOM
12. 2026-06-07
    remarks 170-char remark
13. 2026-06-07
    listed $34,000 Active 1 DOM

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

Taxation est. · year 1

• Rental income: $10,200
• − Mortgage interest: −$1,905
• − Property taxes: −$510
• − Insurance: −$170
• − Repairs & maintenance: −$816
• − Management: −$816
• − Depreciation: −$989
• Taxable income: $4,994
• Est. tax owed @ 24.0%: −$1,199
• After-tax cash flow: $4,040/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.

Condition & rehab AI · 2 photos

Poor 20/100 Extensive rehab

This property requires extensive repairs and maintenance, including landscaping, exterior painting, and interior updates. Significant investment is needed to bring it up to a livable condition.

Repairs flagged

• Major landscaping — Overgrown vegetation and lack of landscaping
• Major exterior painting — Painted exterior appears faded and in need of touch-up
• Major roof inspection — No visible roof damage, but the condition cannot be confirmed from the aerial view
• Major interior painting — No interior photos available
• Major kitchen and bathroom updates — No interior photos available

Value-add opportunities

• Both Landscaping and exterior painting — Improves curb appeal and property value
• Both Interior painting and updates — Enhances interior aesthetics and value
• Both Kitchen and bathroom updates — Modernizes spaces and increases value

Renovation cost estimate screening

Repair item	Severity	Est. cost
landscaping · Overgrown vegetation and lack of landscaping	Major	$15,000–50,000
exterior painting · Painted exterior appears faded and in need of touch-up	Major	$15,000–50,000
roof inspection · No visible roof damage, but the condition cannot be confirmed from the aerial view	Major	$15,000–50,000
interior painting · No interior photos available	Major	$15,000–50,000
kitchen and bathroom updates · No interior photos available	Major	$15,000–50,000
Total estimated repair cost · 5 items		$75,000–250,000

Value-add ROI direction

• Both Landscaping and exterior painting — Improves curb appeal and property value ↑
• Both Interior painting and updates — Enhances interior aesthetics and value ↑
• Both Kitchen and bathroom updates — Modernizes spaces and increases value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Covington County
• NCES district ID: 0100930
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $39,213
• Composite: 32.13/100
• National rank: #5797
• State rank: #32 of 129 in AL

Livability — Andalusia

• Score: 65/100
• State rank: #142
• US rank: #13465

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 9,861
• Population (ZIP): 10,358

Population outlook (Covington County) Hauer SSP2

• Today (2025): 37,007 people
• By 2030: 36,401 · -1.6%
• By 2040: 34,983 · -5.5%
• By 2050: 33,437 · -9.6%
• By 2075: 29,753 · -19.6%
• By 2100: 25,109 · -32.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 13% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Covington

• 2024 margin: Solid R (+72.4) · D 13.6% · R 86.0%
• 2008→2024 swing: -14.1pp toward R · 2008: -58.3pp · 2024: -72.4pp
• All cycles: 2024: R+72.4 2020: R+68.1 2016: R+68.5 2012: R+58.3 2008: R+58.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.81%
• Current HPI: 239.35
• 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

• 2026-06-05 Listed $34,000 Greater Alabama MLS