61 Alfreda Dr · Coats Bend, AL 35901

$149,900

4 bd · 1.0 ba · 1,508 sqft · SingleFamily public records · 35 Days on market

Built 2002 1.00 ac lot Est $170k · 12% under

---

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 +21.1/30.0
• ARV discount +12.9/15.0
• DSCR +6.7/10.0
• 1% rule +4.3/10.0
• Schools +3.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

NEW LISTING - priced to sell FAST! RECENTLY COMPLETELY REMODELED and Enclosed carport for Master bedroom w/ a master bath to die for . .. .. which gives you a fabulous four bedroom home with Three FULL baths!

Key facts

• 1 acre lot
• Pool
• Built 2002

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $213 ($3k/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 $140k (6.7% below list).
• Recommended offer: $140k (6.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 61/100 on livability (#263 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, amenities F, commute F.
• Etowah County (suburban): math 21% / reading 52% proficiency, ranked #36 of 129 in AL (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Gaston Elementary School (math 22% / reading 52%, grade F, #267 of 627 statewide, top 45%, 272 students, 76% FRL); Gaston High School (math 8% / reading 42%, grade F, #116 of 305 statewide, top 38%, 368 students, 75% FRL) — zoned schools average 76% FRL vs 41% district-wide (35 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 154 active listings in the ZIP; 119 units permitted in Etowah 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.
• Etowah County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
• 2 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 $78k; list at $150k implies a 91% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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 $139,822 (6.7% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 7% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.93% ✗
• Cap rate: 8.00%
• Cash-on-cash: 6.09%
• DSCR: 1.27
• GRM: 8.9

CMA / ARV

• ARV (on-the-fly): $170,404
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
330 Bonnie Pl	0.29mi	3/2.0 (-1)	1,492 (-1%)	6mo	$155,000	$104	71
1135 Coats Bend Rd	0.19mi	3/3.0 (-1)	1,376 (-9%)	1mo	$155,000	$113	63
1215 Coats Bend Rd	0.12mi	3/2.0 (-1)	1,364 (-10%)	22mo	$200,000	$147	52

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: -7.0%
• Equity multiple: 0.74×
• Total profit: $-10,790
• Equity at exit: $22,351

10-year hold

• IRR: 2.6%
• Equity multiple: 1.19×
• Total profit: $7,800
• Equity at exit: $12,961

Cash invested: $41,972 (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 35901

• Home prices YoY: -9.9%
• Active inventory: 154
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,398 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$43 /mo · $516/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$294
• Net cashflow: $213

Break-even live

Break-even rent $1,129

Max offer price $149,900

Occupancy floor 80%

Sensitivity live

Price	-10% $298	-5% $255	+0% $213	+5% $171	+10% $128
Rent	-10% $103	-5% $158	+0% $213	+5% $268	+10% $323
Rate	-1.0pp $289	-0.5pp $251	base $213	+0.5pp $174	+1.0pp $135

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2023-12-12
   status Pending
2. 2023-11-14
   historical Contingent
3. 2023-11-07
   listed $149,900 Active
4. 2021-08-16
   price $164,900
5. 2013-10-25
   soldstatus $78,500 208-char remark

   Show marketing remark (208 chars)

   NEW LISTING - priced to sell FAST! RECENTLY COMPLETELY REMODELED and Enclosed carport for Master bedroom w/ a master bath to die for . .. .. which gives you a fabulous four bedroom home with Three FULL baths!

6. 2013-08-28
   listed $75,000 208-char remark

   Show marketing remark (208 chars)

   NEW LISTING - priced to sell FAST! RECENTLY COMPLETELY REMODELED and Enclosed carport for Master bedroom w/ a master bath to die for . .. .. which gives you a fabulous four bedroom home with Three FULL baths!

ⓘ 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: $516 · $43/mo
• Projected year-2 tax: $615 · $51/mo
• Expected delta: +$98/yr (+$8/mo · 19.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,779
• − Mortgage interest: −$8,397
• − Property taxes: −$516
• − Insurance: −$750
• − Repairs & maintenance: −$1,342
• − Management: −$1,342
• − Depreciation: −$4,361
• Taxable income: $71
• Est. tax owed @ 24.0%: −$17
• After-tax cash flow: $2,539/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: Etowah County
• NCES district ID: 0101380
• Math proficiency: 21% ▼ -28.00%
• Reading proficiency: 52% ▼ -1.00%
• Median HH income: $46,403
• Composite: 31.12/100
• National rank: #6062
• State rank: #36 of 129 in AL

Livability — Coats Bend

• Score: 61/100
• State rank: #263
• US rank: #18189

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coats Bend, AL
• Population (ZIP): 19,186

Population outlook (Etowah County) Hauer SSP2

• Today (2025): 100,500 people
• By 2030: 98,488 · -2.0%
• By 2040: 93,731 · -6.7%
• By 2050: 88,681 · -11.8%
• By 2075: 76,746 · -23.6%
• By 2100: 65,373 · -35.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 55% Black 32% Hispanic / Latino 8% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 1% Serbian 1% Lithuanian 1%
• Foreign-born: 4% · Canada
• Languages at home: 93% English-only · Spanish 5% Arabic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Etowah

• 2024 margin: Solid R (+55.7) · D 21.8% · R 77.5%
• 2008→2024 swing: -17.5pp toward R · 2008: -38.2pp · 2024: -55.7pp
• All cycles: 2024: R+55.7 2020: R+50.2 2016: R+50.1 2012: R+38.4 2008: R+38.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.83%
• Current HPI: 243.6795
• 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

+99.9% since first listed

6 events — show timeline

• 2023-12-12 Pending — Greater Alabama MLS
• 2023-11-14 Contingent — Greater Alabama MLS
• 2023-11-07 Listed $149,900 Greater Alabama MLS
• 2021-08-16 Price Changed $164,900 Greater Alabama MLS
• 2013-10-25 Sold (MLS) $78,500 Greater Alabama MLS
• 2013-08-28 Listed $75,000 Greater Alabama MLS

Property tax history

+6.3%/yr

Latest (2025): $516 · -54.3% YoY. Source: county tax records.