3855 Co Rd 36 · Brilliant, AL 35548

$107,900

3 bd · 2.0 ba · 1,152 sqft · Other · 69 Days on market

Built 2022 0.68 ac lot $94/sqft · 49% above area Est $73k · 49% over

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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).

• Cash flow +14.9/30.0
• Appreciation +5.0/10.0
• DSCR +4.6/10.0
• 1% rule +4.1/10.0
• Livability +3.5/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Well maintained three bedroom two bath mobile home sitting on . 68 acres offers perfect blend of comfort and country living. Open concept living room and kitchen. Master bedroom with its own bathroom. With almost 3/4 of an acres provides plenty of outdoor space. Whether you are looking for a starter home or wanting to downsize this property offers comfortable living with room to grow.

Key facts

• 0.68 acre lot
• Built 2022
• Listed 68 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $108k.

Deal economics

• At list price, monthly cash flow is $32 ($389/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $98k (8.7% below list).
• Recommended offer: $98k (8.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#46 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, employment F.
• Marion County (rural): math 20% / reading 48% proficiency, ranked #56 of 129 in AL (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hamilton Middle School (math 16% / reading 51%, grade F, #99 of 257 statewide, top 39%, 452 students, 66% FRL).
• Market conditions: 17 active listings in the ZIP; 1 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($746 loan paydown + $3k appreciation (3.0% local appreciation)).
• Marion County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $30k cash investment doubles in ~6 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 69 days — a 6% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $22k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $4k; list at $108k implies a 2298% 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 $98,493 (8.7% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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?
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: 0.91% ✗
• Cap rate: 6.65%
• Cash-on-cash: 1.29%
• DSCR: 1.06
• GRM: 9.1

CMA / ARV

• ARV (median comp): $72,599
• List price: $107,900
• Delta: 48.63%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 8.7%
• Equity multiple: 1.50×
• Total profit: $15,078
• Equity at exit: $48,517

10-year hold

• IRR: 11.2%
• Equity multiple: 2.68×
• Total profit: $50,819
• Equity at exit: $74,770

Cash invested: $30,212 (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 35548

• Active inventory: 17
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $985 medium
• Mortgage (P&I): −$566
• Tax est. 1.5%: −$135 /mo · $1,618/yr
• Insurance: −$45
• HOA: −$0
• Vacancy / Maint / Mgmt: −$207
• Net cashflow: $32

Break-even live

Break-even rent $944

Max offer price $107,900

Occupancy floor 92%

Sensitivity live

Price	-10% $107	-5% $70	+0% $32	+5% $-5	+10% $-42
Rent	-10% $-45	-5% $-6	+0% $32	+5% $71	+10% $110
Rate	-1.0pp $87	-0.5pp $60	base $32	+0.5pp $4	+1.0pp $-24

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: $26,975
• Closing costs: $3,237
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-22
   days on market $107,900 Active 69 DOM
2. 2026-06-21
   days on market $107,900 Active 68 DOM
3. 2026-06-19
   days on market $107,900 Active 66 DOM
4. 2026-06-18
   days on market $107,900 Active 65 DOM
5. 2026-06-17
   days on market $107,900 Active 64 DOM
6. 2026-06-16
   days on market $107,900 Active 63 DOM
7. 2026-06-15
   days on market $107,900 Active 62 DOM
8. 2026-06-14
   days on market $107,900 Active 60 DOM
9. 2026-06-12
   pricedays on market $107,900 Active 59 DOM
10. 2026-06-09
    days on market $109,900 Active 56 DOM
11. 2026-06-08
    days on market $109,900 Active 55 DOM
12. 2026-06-07
    days on market $109,900 Active 54 DOM
13. 2026-06-04
    days on market $109,900 Active 50 DOM
14. 2026-06-02
    days on market $109,900 Active 49 DOM
15. 2026-06-01
    days on market $109,900 Active 48 DOM
16. 2026-05-31
    days on market $109,900 Active 47 DOM
17. 2026-05-31
    days on market $109,900 Active 46 DOM
18. 2026-05-08
    price $109,900 387-char remark

    Show marketing remark (387 chars)

    Well maintained three bedroom two bath mobile home sitting on . 68 acres offers perfect blend of comfort and country living. Open concept living room and kitchen. Master bedroom with its own bathroom. With almost 3/4 of an acres provides plenty of outdoor space. Whether you are looking for a starter home or wanting to downsize this property offers comfortable living with room to grow.

19. 2026-04-22
    price $119,900 387-char remark

    Show marketing remark (387 chars)

    Well maintained three bedroom two bath mobile home sitting on . 68 acres offers perfect blend of comfort and country living. Open concept living room and kitchen. Master bedroom with its own bathroom. With almost 3/4 of an acres provides plenty of outdoor space. Whether you are looking for a starter home or wanting to downsize this property offers comfortable living with room to grow.

20. 2026-04-14
    listed $129,900 Active 387-char remark

    Show marketing remark (387 chars)

    Well maintained three bedroom two bath mobile home sitting on . 68 acres offers perfect blend of comfort and country living. Open concept living room and kitchen. Master bedroom with its own bathroom. With almost 3/4 of an acres provides plenty of outdoor space. Whether you are looking for a starter home or wanting to downsize this property offers comfortable living with room to grow.

21. 2022-07-15
    soldstatus $4,500 Closed 69-char remark

    Show marketing remark (69 chars)

    Great building spot! Non-livable dwelling currently on the property.

22. 2022-06-28
    listed Active Under Contract 69-char remark

    Show marketing remark (69 chars)

    Great building spot! Non-livable dwelling currently on the property.

23. 2020-06-21
    listed $7,500 69-char remark

    Show marketing remark (69 chars)

    Great building spot! Non-livable dwelling currently on the property.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 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 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,819
• − Mortgage interest: −$6,044
• − Property taxes: −$1,618
• − Insurance: −$540
• − Repairs & maintenance: −$946
• − Management: −$946
• − Depreciation: −$3,139
• Taxable loss: −$1,413
• Est. tax savings @ 24.0%: +$339
• After-tax cash flow: $728/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: Marion County
• NCES district ID: 0102310
• Math proficiency: 20% ▼ -29.00%
• Reading proficiency: 48% ▬ 0.00%
• Median HH income: $32,048
• Composite: 27.69/100
• National rank: #6911
• State rank: #56 of 129 in AL

Livability — Brilliant

• Score: 70/100
• State rank: #46
• US rank: #8119

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brilliant, AL
• City population: 1,760
• Population (ZIP): 1,760

Population outlook (Marion County) Hauer SSP2

• Today (2025): 28,759 people
• By 2030: 27,834 · -3.2%
• By 2040: 25,974 · -9.7%
• By 2050: 24,129 · -16.1%
• By 2075: 20,179 · -29.8%
• By 2100: 16,341 · -43.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Hispanic / Latino 2%
• Common ancestry: Serbian 4% Scottish 2% Lithuanian 1%
• Foreign-born: 0% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+81.7) · D 8.8% · R 90.5%
• 2008→2024 swing: -25.6pp toward R · 2008: -56.1pp · 2024: -81.7pp
• All cycles: 2024: R+81.7 2020: R+77.8 2016: R+76.2 2012: R+61.5 2008: R+56.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+1365.3% since first listed

6 events — show timeline

• 2026-05-08 Price Changed $109,900 SAARMLS
• 2026-04-22 Price Changed $119,900 SAARMLS
• 2026-04-14 Listed $129,900 SAARMLS
• 2022-07-15 Sold (MLS) $4,500 Walker County Area MLS
• 2022-06-28 Listed — Walker County Area MLS
• 2020-06-21 Listed $7,500 Walker County Area MLS

Property tax history

-2.1%/yr

Latest (2025): $27 · -7.7% YoY. Source: county tax records.