3410 Deir Ave NE · Fort Payne, AL 35967

$85,000

2 bd · 1.0 ba · 901 sqft · SingleFamily · 52 Days on market

Built 2004 Poor condition 1.08 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
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +1.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Ready to move in on Lookout Mountain. 2bd 1 bath Mobile home on one acre in the Fort Payne city limits. Home offers a spacious 1 acre lot with additional storage outside. All for only $85,000! Call today before this one gets gone.

Key facts

• Spacious 1 acre lot
• 1.08 acre lot
• Built 2004

Tags

• SPACIOUS 1 ACRE LOT
• ADDITIONAL STORAGE OUTSIDE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $85k. Condition is rated poor.

Deal economics

• At list price, monthly cash flow is $388 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).
• Recommended offer: $82k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 2.8% in Fort Payne — 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 67/100 on livability (#86 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools F, amenities F, commute F.
• Fort Payne City (town): math 26% / reading 46% proficiency, ranked #41 of 129 in AL (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 106 active listings in the ZIP; 49 units permitted in DeKalb County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $588 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• DeKalb County population projected to shrink 8% 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 $24k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 52 days — a 3% lower offer ($82k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $30k; list at $85k implies a 183% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $82,450 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-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. 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: 1.45% ✓
• Cap rate: 11.77%
• Cash-on-cash: 19.57%
• DSCR: 1.87
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 11.6%
• Equity multiple: 1.46×
• Total profit: $10,962
• Equity at exit: $12,674

10-year hold

• IRR: 20.6%
• Equity multiple: 2.74×
• Total profit: $41,448
• Equity at exit: $7,349

Cash invested: $23,800 (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 35967

• Home prices YoY: -15.6%
• Active inventory: 106
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,235 medium
• Mortgage (P&I): −$446
• Tax est. 1.5%: −$106 /mo · $1,275/yr
• Insurance: −$35
• HOA: −$0
• Vacancy / Maint / Mgmt: −$259
• Net cashflow: $388

Break-even live

Break-even rent $744

Max offer price $85,000

Occupancy floor 64%

Sensitivity live

Price	-10% $447	-5% $417	+0% $388	+5% $359	+10% $329
Rent	-10% $291	-5% $339	+0% $388	+5% $437	+10% $486
Rate	-1.0pp $431	-0.5pp $410	base $388	+0.5pp $366	+1.0pp $344

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: $21,250
• Closing costs: $2,550
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-11
   status Pending 230-char remark

   Show marketing remark (230 chars)

   Ready to move in on Lookout Mountain. 2bd 1 bath Mobile home on one acre in the Fort Payne city limits. Home offers a spacious 1 acre lot with additional storage outside. All for only $85,000! Call today before this one gets gone.

2. 2026-03-20
   listed $85,000 Active 230-char remark

   Show marketing remark (230 chars)

   Ready to move in on Lookout Mountain. 2bd 1 bath Mobile home on one acre in the Fort Payne city limits. Home offers a spacious 1 acre lot with additional storage outside. All for only $85,000! Call today before this one gets gone.

3. 2015-06-08
   soldstatus $30,000 477-char remark

   Show marketing remark (477 chars)

   CONVENIENT TO FORT PAYNE AND LITTLE RIVER CANYON! This cute home has neutral colors throughout and is move-in ready! Nice 1.08 acre treed lot offers plenty of yard space and privacy. This 2 bedroom home is like new, and perfect for a small family. From the spacious living room, kitchen and dining area to the large master bedroom you will enjoy this plan. Plenty of windows and light. Includes Refrigerator and range. Washer/dryer hookups. CH/A. New metal roof. Only $39,900.

4. 2015-01-03
   listed $39,900 477-char remark

   Show marketing remark (477 chars)

   CONVENIENT TO FORT PAYNE AND LITTLE RIVER CANYON! This cute home has neutral colors throughout and is move-in ready! Nice 1.08 acre treed lot offers plenty of yard space and privacy. This 2 bedroom home is like new, and perfect for a small family. From the spacious living room, kitchen and dining area to the large master bedroom you will enjoy this plan. Plenty of windows and light. Includes Refrigerator and range. Washer/dryer hookups. CH/A. New metal roof. Only $39,900.

5. 2014-07-28
   soldstatus $14,500
6. 2013-05-13
   listed $15,500

ⓘ 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 6/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $14,818
• − Mortgage interest: −$4,761
• − Property taxes: −$1,275
• − Insurance: −$425
• − Repairs & maintenance: −$1,185
• − Management: −$1,185
• − Depreciation: −$2,473
• Taxable income: $3,513
• Est. tax owed @ 24.0%: −$843
• After-tax cash flow: $3,814/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 · 1 photo

Poor 20/100 Extensive rehab

This mobile home requires extensive repairs and updates to become move-in ready. Significant investments in the roof, exterior, windows, and interior are necessary to improve its condition and value.

Repairs flagged

• Major roof — Significant damage and visible leaks
• Major exterior siding — Severe weathering and damage
• Major windows — Damaged and missing panels
• Major flooring — Worn-out carpet
• Major interior walls — Paint peeling and chipping
• Major kitchen and bathrooms — Likely outdated and in need of updates

Value-add opportunities

• Resale New roof — Fixes major issue and improves curb appeal
• Resale New exterior siding — Enhances curb appeal and durability
• Resale New windows — Improves energy efficiency and curb appeal
• Resale Re-carpeting — Enhances interior aesthetics and comfort
• Resale Painting — Enhances interior aesthetics and curb appeal
• Both Kitchen and bathroom updates — Improves functionality and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
roof · Significant damage and visible leaks	Major	$15,000–50,000
exterior siding · Severe weathering and damage	Major	$15,000–50,000
windows · Damaged and missing panels	Major	$15,000–50,000
flooring · Worn-out carpet	Major	$15,000–50,000
interior walls · Paint peeling and chipping	Major	$15,000–50,000
kitchen and bathrooms · Likely outdated and in need of updates	Major	$15,000–50,000
Total estimated repair cost · 6 items		$90,000–300,000

Value-add ROI direction

• Resale New roof — Fixes major issue and improves curb appeal ↑
• Resale New exterior siding — Enhances curb appeal and durability ↑
• Resale New windows — Improves energy efficiency and curb appeal ↑
• Resale Re-carpeting — Enhances interior aesthetics and comfort ↑
• Resale Painting — Enhances interior aesthetics and curb appeal ↑
• Both Kitchen and bathroom updates — Improves functionality and aesthetics ↑

ⓘ 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: Fort Payne City
• NCES district ID: 0101560
• Math proficiency: 26% ▼ -20.00%
• Reading proficiency: 46% ▲ 3.00%
• Median HH income: $37,802
• Composite: 29.93/100
• National rank: #6380
• State rank: #41 of 129 in AL

Livability — Fort Payne

• Score: 67/100
• State rank: #86
• US rank: #10977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Payne, AL
• Population (ZIP): 17,342

Population outlook (DeKalb County) Hauer SSP2

• Today (2025): 71,722 people
• By 2030: 71,373 · -0.5%
• By 2040: 69,536 · -3.0%
• By 2050: 66,020 · -8.0%
• By 2075: 53,325 · -25.7%
• By 2100: 36,127 · -49.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 22% Two or more races 5% Black 1%
• Hispanic origin (detail): Mexican 9% Puerto Rican 3%
• Common ancestry: Lithuanian 4% Slovak 3% Serbian 1%
• Foreign-born: 9% · Canada
• Languages at home: 80% English-only · Spanish 19% Other Indo-European 1%

Political lean MEDSL · DeKalb

• 2024 margin: Solid R (+74.0) · D 12.7% · R 86.7%
• 2008→2024 swing: -22.7pp toward R · 2008: -51.2pp · 2024: -74.0pp
• All cycles: 2024: R+74.0 2020: R+69.8 2016: R+69.4 2012: R+54.9 2008: R+51.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.03%
• Current HPI: 243.3645
• 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

+448.4% since first listed

6 events — show timeline

• 2026-05-11 Pending — VMLS
• 2026-03-20 Listed $85,000 VMLS
• 2015-06-08 Sold (MLS) $30,000 VMLS
• 2015-01-03 Listed $39,900 VMLS
• 2014-07-28 Sold (MLS) $14,500 VMLS
• 2013-05-13 Listed $15,500 VMLS