475 Springdale Rd · Mount Olive, AL 35117

$80,000

3 bd · 1.0 ba · 1,976 sqft · SingleFamily public records · 178 Days on market

Built 1960 0.49 ac lot $40/sqft · 13% above area Est $71k · 13% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +1.8/15.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

TENANT OCCUPIED. MANUFACTURED HOME. Tenant can move out with 45 days notice. Great location. A few miles off the Mt Olive Road exit. Some TLC will go along ways with this one!

Key facts

• 0.49 acre lot
• Parking
• Built 1960

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $954 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.6% vs local median 5.1% in Mount Olive — 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 64/100 on livability (#150 in AL) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Jefferson County (suburban): math 9% / reading 32% proficiency, ranked #104 of 129 in AL (top 81%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 65 active listings in the ZIP; 2,114 units permitted in Jefferson County in 2024 (556 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 178 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 14y ago; this cycle's ask has dropped $20k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $42k; list at $80k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 178 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — 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. 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.
6. 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.
7. 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: 2.45% ✓
• Cap rate: 20.61%
• Cash-on-cash: 51.12%
• DSCR: 3.27
• GRM: 3.4

CMA / ARV

• ARV (median comp): $71,001
• List price: $80,000
• Delta: 12.67%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
373 Oakhurst St	0.15mi	3/2.0	1,776 (-10%)	8mo	$267,500	$151	65
397 Avon Cir	0.61mi	3/2.0	2,027 (+3%)	0mo	$299,900	$148	63
561 Gary Dr	0.39mi	3/2.0	1,829 (-7%)	6mo	$194,500	$106	61
5453 Powers Rd	0.23mi	3/2.0	1,683 (-15%)	0mo	$310,000	$184	60
5160 Shady Grove Rd	0.39mi	3/2.0	1,800 (-9%)	14mo	$223,000	$124	52
5094 Sutherland Rd	0.62mi	2/2.0 (-1)	1,977 (+0%)	16mo	$285,000	$144	49
5200 Sutherland Rd	0.46mi	3/2.0	1,728 (-13%)	12mo	$299,999	$174	44
5427 Shady Grove Rd	0.22mi	3/3.5	2,246 (+14%)	19mo	$294,000	$131	41
5223 Tyler Oaks Dr	0.65mi	3/2.0	1,724 (-13%)	20mo	$309,900	$180	28

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: 49.0%
• Equity multiple: 3.14×
• Total profit: $47,871
• Equity at exit: $11,928

10-year hold

• IRR: 54.5%
• Equity multiple: 6.36×
• Total profit: $120,175
• Equity at exit: $6,917

Cash invested: $22,400 (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 35117

• Home prices YoY: -19.9%
• Active inventory: 65
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,962 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$143 /mo · $1,718/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$412
• Net cashflow: $954

Break-even live

Break-even rent $755

Max offer price $80,000

Occupancy floor 46%

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $80,000 Active 178 DOM
2. 2026-06-17
   days on market $80,000 Active 177 DOM
3. 2026-06-16
   days on market $80,000 Active 176 DOM
4. 2026-06-15
   days on market $80,000 Active 175 DOM
5. 2026-06-13
   days on market $80,000 Active 173 DOM
6. 2026-06-10
   days on market $80,000 Active 170 DOM
7. 2026-06-09
   days on market $80,000 Active 169 DOM
8. 2026-06-08
   days on market $80,000 Active 168 DOM
9. 2026-06-07
   days on market $80,000 Active 167 DOM
10. 2026-06-03
    days on market $80,000 Active 163 DOM
11. 2026-06-02
    days on market $80,000 Active 162 DOM
12. 2026-06-01
    days on market $80,000 Active 161 DOM
13. 2026-05-31
    days on market $80,000 Active 160 DOM
14. 2026-05-12
    price $80,000 175-char remark

    Show marketing remark (175 chars)

    TENANT OCCUPIED. MANUFACTURED HOME. Tenant can move out with 45 days notice. Great location. A few miles off the Mt Olive Road exit. Some TLC will go along ways with this one!

15. 2026-02-07
    price $90,000 175-char remark

    Show marketing remark (175 chars)

    TENANT OCCUPIED. MANUFACTURED HOME. Tenant can move out with 45 days notice. Great location. A few miles off the Mt Olive Road exit. Some TLC will go along ways with this one!

16. 2025-12-22
    listed $100,000 Active 175-char remark

    Show marketing remark (175 chars)

    TENANT OCCUPIED. MANUFACTURED HOME. Tenant can move out with 45 days notice. Great location. A few miles off the Mt Olive Road exit. Some TLC will go along ways with this one!

17. 2012-10-18
    soldstatus $42,500 332-char remark

    Show marketing remark (332 chars)

    Approximately 1900 sq ft per seller, 4 bedrooms, 1.5 baths located on great lot. The back side of this home is an older mobile home. Home is on permanent foundation, all floor joists redone. Trusses have also been added as well as a new roof in 2004, heating & air in 2004, new hot water heater, three sides brick. Sold as is.

18. 2012-07-09
    listed $55,000 332-char remark

    Show marketing remark (332 chars)

    Approximately 1900 sq ft per seller, 4 bedrooms, 1.5 baths located on great lot. The back side of this home is an older mobile home. Home is on permanent foundation, all floor joists redone. Trusses have also been added as well as a new roof in 2004, heating & air in 2004, new hot water heater, three sides brick. Sold as is.

ⓘ 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: $1,718 · $143/mo
• Projected year-2 tax: $1,718 · $143/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,549
• − Mortgage interest: −$4,481
• − Property taxes: −$1,718
• − Insurance: −$400
• − Repairs & maintenance: −$1,884
• − Management: −$1,884
• − Depreciation: −$2,327
• Taxable income: $10,855
• Est. tax owed @ 24.0%: −$2,605
• After-tax cash flow: $8,846/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: Jefferson County
• NCES district ID: 0101920
• Math proficiency: 9% ▼ -24.00%
• Reading proficiency: 32% ▼ -5.00%
• Median HH income: $51,712
• Composite: 18.4/100
• National rank: #8937
• State rank: #104 of 129 in AL

Livability — Mount Olive

• Score: 64/100
• State rank: #150
• US rank: #13778

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Mount Olive, AL
• Population (ZIP): 5,091

Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 9% Hispanic / Latino 5% Two or more races 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 2% Slovak 2% Iranian 1%
• Foreign-born: 1% · Canada
• Languages at home: 94% English-only · Spanish 5% Korean 1%

Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.36%
• Current HPI: 207.071
• 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

+45.5% since first listed

5 events — show timeline

• 2026-05-12 Price Changed $80,000 Greater Alabama MLS
• 2026-02-07 Price Changed $90,000 Greater Alabama MLS
• 2025-12-22 Listed $100,000 Greater Alabama MLS
• 2012-10-18 Sold (MLS) $42,500 Greater Alabama MLS
• 2012-07-09 Listed $55,000 Greater Alabama MLS

Property tax history

+1.4%/yr

Latest (2025): $1,718 · +0.0% YoY. Source: county tax records.