120 Faye St · Enterprise, AL 36330

$145,000

3 bd · 1.0 ba · 1,650 sqft · SingleFamily public records · 63 Days on market

Built 1957 0.55 ac lot Est $243k · 40% under

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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 +24.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.8/10.0
• 1% rule +5.1/10.0
• Schools +4.3/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Three bedroom two bath home with 1650 sq ft, carport, Large corner lot with fenced in backyard and an extra lot that is already surveyed in and deeded. You could split the extra lot up and build on it which would make for two investment properties. The home has original hardwood floors. Home will not go USDA or VA unless VA rehab loan. HVAC, WATER HEATER, and some doors have been replaced within the last two years.

Key facts

• 0.55 acre lot
• Built 1957
• Listed 62 days

Property features AI

Finance

• Other: Located across the main highway from Enterprise High School

Exterior

• Home design: Single-family residence; One story
• Construction: Brick construction; 1,650 above-grade finished area
• Exterior features: Level topography; Lot is irregularly shaped; Approximately 0.55 acre lot

Interior

• Bathrooms: 2 full bathrooms
• Interior features: 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $287 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Recommended offer: $136k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.7% vs local median 4.2% in Enterprise — 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 (#127 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D, crime F, amenities F.
• Enterprise City (town): math 40% / reading 60% proficiency, ranked #12 of 129 in AL (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.9%/yr); 441 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 137 units permitted in Coffee 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 $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y 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.
• Current owner paid $124k; 17% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% 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 $136,300 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1957 — 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. 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: 1.01% ✓
• Cap rate: 8.66%
• Cash-on-cash: 8.47%
• DSCR: 1.38
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $242,550
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
204 Mullins St	0.03mi	3/2.0	1,568 (-5%)	3mo	$184,500	$118	84
102 Mamie St	0.10mi	3/2.0	1,481 (-10%)	0mo	$230,000	$155	74
206 Taylor St	0.14mi	3/2.0	1,466 (-11%)	3mo	$242,000	$165	69
1640 Neil Metcalf Rd	0.62mi	3/2.0	1,632 (-1%)	9mo	$240,000	$147	58
136 Dauphin St	0.72mi	3/1.0	1,425 (-14%)	1mo	$170,000	$119	43
101 Chaney St	0.67mi	3/1.5	1,444 (-12%)	15mo	$170,000	$118	34

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 · 3.92% rent growth · sell at horizon

5-year hold

• IRR: -2.6%
• Equity multiple: 0.90×
• Total profit: $-3,934
• Equity at exit: $21,620

10-year hold

• IRR: 8.0%
• Equity multiple: 1.63×
• Total profit: $25,552
• Equity at exit: $12,537

Cash invested: $40,600 (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 36330

• Home prices YoY: -19.4%
• Rents YoY: 3.9%
• Active inventory: 441
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,463 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$48 /mo · $580/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $287

Break-even live

Break-even rent $1,100

Max offer price $145,000

Occupancy floor 75%

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
103 Green St Enterprise, AL	3.0	2.0	1075	$1,300	$1.21	44d	1	0.69mi
618 N Rawls St Enterprise, AL	3.0	1.0	1140	$975	$0.86	44d	1	1.04mi
252 Jasmine Cir Enterprise, AL	3.0	2.5	1572	$1,550	$0.99	44d	1	1.11mi

Listing history 27 events

1. 2026-06-19
   days on market $145,000 Active 63 DOM
2. 2026-06-18
   days on market $145,000 Active 62 DOM
3. 2026-06-17
   days on market $145,000 Active 61 DOM
4. 2026-06-16
   days on market $145,000 Active 60 DOM
5. 2026-06-15
   days on market $145,000 Active 59 DOM
6. 2026-06-14
   days on market $145,000 Active 57 DOM
7. 2026-06-12
   days on market $145,000 Active 56 DOM
8. 2026-06-09
   days on market $145,000 Active 53 DOM
9. 2026-06-08
   days on market $145,000 Active 52 DOM
10. 2026-06-07
    days on market $145,000 Active 51 DOM
11. 2026-06-05
    days on market $145,000 Active 48 DOM
12. 2026-06-03
    days on market $145,000 Active 47 DOM
13. 2026-06-02
    days on market $145,000 Active 46 DOM
14. 2026-06-01
    days on market $145,000 Active 45 DOM
15. 2026-05-31
    days on market $145,000 Active 44 DOM
16. 2026-05-30
    days on market $145,000 Active 43 DOM
17. 2026-04-26
    historical Active Under Contract
18. 2026-04-17
    listed $145,000 Active
19. 2022-10-25
    soldstatus $124,000
20. 2022-10-21
    soldstatus $124,000 418-char remark

    Show marketing remark (418 chars)

    Three bedroom two bath home with 1650 sq ft, carport, Large corner lot with fenced in backyard and an extra lot that is already surveyed in and deeded. You could split the extra lot up and build on it which would make for two investment properties. The home has original hardwood floors. Home will not go USDA or VA unless VA rehab loan. HVAC, WATER HEATER, and some doors have been replaced within the last two years.

21. 2022-10-21
    soldstatus $124,000 418-char remark

    Show marketing remark (418 chars)

    Three bedroom two bath home with 1650 sq ft, carport, Large corner lot with fenced in backyard and an extra lot that is already surveyed in and deeded. You could split the extra lot up and build on it which would make for two investment properties. The home has original hardwood floors. Home will not go USDA or VA unless VA rehab loan. HVAC, WATER HEATER, and some doors have been replaced within the last two years.

22. 2022-08-07
    listed $140,000 418-char remark

    Show marketing remark (418 chars)

    Three bedroom two bath home with 1650 sq ft, carport, Large corner lot with fenced in backyard and an extra lot that is already surveyed in and deeded. You could split the extra lot up and build on it which would make for two investment properties. The home has original hardwood floors. Home will not go USDA or VA unless VA rehab loan. HVAC, WATER HEATER, and some doors have been replaced within the last two years.

23. 2022-08-07
    listed $140,000 418-char remark

    Show marketing remark (418 chars)

    Three bedroom two bath home with 1650 sq ft, carport, Large corner lot with fenced in backyard and an extra lot that is already surveyed in and deeded. You could split the extra lot up and build on it which would make for two investment properties. The home has original hardwood floors. Home will not go USDA or VA unless VA rehab loan. HVAC, WATER HEATER, and some doors have been replaced within the last two years.

24. 2007-05-23
    soldstatus $75,000 189-char remark

    Show marketing remark (189 chars)

    SUBJECT TO ONE-YEAR RIGHT OF REDEMPTION WHICH ENDS IN NOVEMBER OF 2007. A LITTLE TLC WILL MAKE THIS A VERY NICE HOME. NO FHA OR VA OFFERS ON THIS PROPERTY - WILL CONSIDER CASH OR CONV ONLY,

25. 2007-02-28
    listed $75,000 189-char remark

    Show marketing remark (189 chars)

    SUBJECT TO ONE-YEAR RIGHT OF REDEMPTION WHICH ENDS IN NOVEMBER OF 2007. A LITTLE TLC WILL MAKE THIS A VERY NICE HOME. NO FHA OR VA OFFERS ON THIS PROPERTY - WILL CONSIDER CASH OR CONV ONLY,

26. 2005-12-08
    listed $79,900
27. 2005-12-08
    listed $79,900

ⓘ 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: $580 · $48/mo
• Projected year-2 tax: $594 · $50/mo
• Expected delta: +$15/yr (+$1/mo · 2.5%)

ⓘ 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 2/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $17,556
• − Mortgage interest: −$8,122
• − Property taxes: −$580
• − Insurance: −$725
• − Repairs & maintenance: −$1,404
• − Management: −$1,404
• − Depreciation: −$4,218
• Taxable income: $1,102
• Est. tax owed @ 24.0%: −$264
• After-tax cash flow: $3,175/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: Enterprise City
• NCES district ID: 0101320
• Math proficiency: 40% ▼ -20.00%
• Reading proficiency: 60% ▲ 4.00%
• Median HH income: $51,311
• Composite: 42.83/100
• National rank: #3136
• State rank: #12 of 129 in AL

Livability — Enterprise

• Score: 65/100
• State rank: #127
• US rank: #12953

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enterprise, AL
• County: Coffee County · 39,557 people
• City population: 39,557
• Metro: Enterprise, AL
• Population (ZIP): 39,557
• Household income: $75,765
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1126.0

Population outlook (Coffee County) Hauer SSP2

• Today (2025): 53,133 people
• By 2030: 53,832 · +1.3%
• By 2040: 54,504 · +2.6%
• By 2050: 54,289 · +2.2%
• By 2075: 51,175 · -3.7%
• By 2100: 46,793 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Black 17% Hispanic / Latino 13% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 3%
• Common ancestry: Italian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 6% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 2%

Political lean MEDSL · Coffee

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -9.0pp toward R · 2008: -48.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.1 2016: R+56.7 2012: R+49.4 2008: R+48.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.44%
• Current HPI: 184.0163
• Rent YoY: ▲ 3.92%
• Metro: Enterprise, 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

+81.5% since first listed

11 events — show timeline

• 2026-04-26 Contingent — CAOR
• 2026-04-17 Listed $145,000 CAOR
• 2022-10-25 Sold (Public Records) $124,000 Public Records
• 2022-10-21 Sold (MLS) $124,000 MAAR
• 2022-10-21 Sold (MLS) $124,000 WBR
• 2022-08-07 Listed $140,000 MAAR
• 2022-08-07 Listed $140,000 WBR
• 2007-05-23 Sold (MLS) $75,000 MAAR
• 2007-02-28 Listed $75,000 MAAR
• 2005-12-08 Listed $79,900 MAAR
• 2005-12-08 Listed $79,900 WBR

Property tax history

+2.8%/yr

Latest (2025): $580 · +2.8% YoY. Source: county tax records.