602 Lee Road 213 · Phenix City, AL 36870

$209,900

3 bd · 1.0 ba · 1,265 sqft · SingleFamily public records · 11 Days on market

Built 1998 0.35 ac lot $166/sqft · at area comps Est $208k · at est.

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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 +24.6/30.0
• DSCR +8.0/10.0
• ARV discount +7.0/15.0
• 1% rule +5.1/10.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming three-bedroom, two-bath home in Phenix City offers a comfortable split floor plan designed for both privacy and everyday living. Inside, you'll find updated flooring and fresh paint that give the home a clean, modern feel, while specialty ceilings add character and a touch of style throughout the main living spaces. The spacious owner's suite features a walk-in closet and a relaxing layout that feels like a true retreat. A covered front porch creates a welcoming first impression, while the rear covered patio provides the perfect spot for relaxing or entertaining outdoors. Outside, the large lot offers plenty of room to enjoy, with a partially fenced backyard ideal for pets, play, or gatherings. Conveniently located with easy access to restaurants, entertainment, and post, this home combines practicality, space, and location in one inviting package.

Key facts

• Covered front porch
• Fresh paint
• Walk-in closet

Tags

• SPLIT FLOOR PLAN
• UPDATED FLOORING
• FRESH PAINT
• SPECIALTY CEILINGS
• WALK-IN CLOSET
• COVERED FRONT PORCH

Property features AI

Finance

• HOA & community: Community features: Other

Exterior

• Parking: Attached carport; 2 covered spaces; 2 carport spaces
• Utilities: Public water; Septic tank sewer; Other utilities
• Home design: Single-family residence; One story; No shared/common walls; Has a view
• Construction: HardiPlank-type siding; Composition roof; Built as single-story
• Exterior features: Private yard; Rain gutters; Rear covered porch; Back yard fencing; Shed(s)

Interior

• Kitchen: Electric oven
• Bedrooms: 3 main-level bedrooms
• Flooring: Other
• Bathrooms: 2 full bathrooms (both on the main level)
• Heating & cooling: Central heating; Electric cooling
• Interior features: Tray ceilings; Walk-in closets
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $435 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Cap rate 8.8% vs local median 5.0% in Phenix City — 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 60/100 on livability (#297 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime F, amenities F.
• Lee County (rural): math 23% / reading 47% proficiency, ranked #40 of 129 in AL (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 132 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,858 units permitted in Lee County in 2024 (113 in 5+ unit buildings).
• This rent runs 35% of the median local income ($72k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Lee County population projected at +54% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% 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 $209,900

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
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: 1.01% ✓
• Cap rate: 8.78%
• Cash-on-cash: 8.88%
• DSCR: 1.40
• GRM: 8.3

CMA / ARV

• ARV (median comp): $207,727
• List price: $209,900
• Delta: 1.05%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
476 Lee Road 520	0.20mi	3/2.0	1,201 (-5%)	0mo	$220,000	$183	78
143 Lee Road 2059	0.16mi	3/2.0	1,376 (+9%)	9mo	$225,000	$164	66
66 Lee Road 502	0.33mi	3/2.0	1,400 (+11%)	0mo	$235,000	$168	62
57 Lee Road 919	0.54mi	3/2.0	1,296 (+2%)	6mo	$200,000	$154	61
97 Lee Road 916	0.36mi	3/2.0	1,372 (+8%)	6mo	$232,500	$169	60
240 Lee Road 2111	0.19mi	3/2.0	1,414 (+12%)	10mo	$240,000	$170	60
200 Lee Road 520	0.20mi	3/2.0	1,440 (+14%)	8mo	$219,900	$153	57
57 Lee Road 2096	0.54mi	3/2.0	1,215 (-4%)	10mo	$205,010	$169	55
401 Lee Road 2095	0.61mi	3/2.0	1,215 (-4%)	9mo	$215,000	$177	54
21 Lee Road 2017	0.34mi	3/2.0	1,410 (+12%)	10mo	$265,000	$188	53
745 Lee Road 2095	0.70mi	3/2.0	1,332 (+5%)	7mo	$222,000	$167	48
136 Lee Road 2095	0.74mi	3/2.0	1,320 (+4%)	10mo	$216,000	$164	46

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: -2.9%
• Equity multiple: 0.89×
• Total profit: $-6,404
• Equity at exit: $31,297

10-year hold

• IRR: 6.8%
• Equity multiple: 1.51×
• Total profit: $29,701
• Equity at exit: $18,148

Cash invested: $58,772 (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 36870

• Home prices YoY: -10.5%
• Active inventory: 132
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,118 medium
• Mortgage (P&I): −$1,101
• Tax from tax record: −$50 /mo · $600/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $435

Break-even live

Break-even rent $1,567

Max offer price $209,900

Occupancy floor 74%

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
393 Lee Rd Unit 554 Phenix City, AL	4.0	2.0	1745	$2,000	$1.15	21d	1	0.11mi
567 Mill Pond Dr Phenix City, AL	3.0	2.0	1240	$1,400	$1.13	13d	1	1.03mi

Listing history 5 events

1. 2026-05-15
   status Pending 886-char remark
2. 2026-05-04
   listed $209,900 Active 886-char remark

   Show marketing remark (874 chars)

   This charming three-bedroom, two-bath home in Phenix City offers a comfortable split floor plan designed for both privacy and everyday living. Inside, you'll find updated flooring and fresh paint that give the home a clean, modern feel, while specialty ceilings add character and a touch of style throughout the main living spaces. The spacious owner's suite features a walk-in closet and a relaxing layout that feels like a true retreat. A covered front porch creates a welcoming first impression, while the rear covered patio provides the perfect spot for relaxing or entertaining outdoors. Outside, the large lot offers plenty of room to enjoy, with a partially fenced backyard ideal for pets, play, or gatherings. Conveniently located with easy access to restaurants, entertainment, and post, this home combines practicality, space, and location in one inviting package.

3. 2026-05-04
   listed $209,900 Active 874-char remark

   Show marketing remark (874 chars)

   This charming three-bedroom, two-bath home in Phenix City offers a comfortable split floor plan designed for both privacy and everyday living. Inside, you'll find updated flooring and fresh paint that give the home a clean, modern feel, while specialty ceilings add character and a touch of style throughout the main living spaces. The spacious owner's suite features a walk-in closet and a relaxing layout that feels like a true retreat. A covered front porch creates a welcoming first impression, while the rear covered patio provides the perfect spot for relaxing or entertaining outdoors. Outside, the large lot offers plenty of room to enjoy, with a partially fenced backyard ideal for pets, play, or gatherings. Conveniently located with easy access to restaurants, entertainment, and post, this home combines practicality, space, and location in one inviting package.

4. 2026-03-05
   status Pending
5. 2026-03-02
   listed $195,404 Active

ⓘ 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: $600 · $50/mo
• Projected year-2 tax: $861 · $72/mo
• Expected delta: +$261/yr (+$22/mo · 43.5%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,416
• − Mortgage interest: −$11,758
• − Property taxes: −$600
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,033
• − Management: −$2,033
• − Depreciation: −$6,106
• Taxable income: $1,836
• Est. tax owed @ 24.0%: −$441
• After-tax cash flow: $4,780/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: Lee County
• NCES district ID: 0102070
• Math proficiency: 23% ▼ -27.00%
• Reading proficiency: 47% ▬ 0.00%
• Median HH income: $47,786
• Composite: 30.04/100
• National rank: #6355
• State rank: #40 of 129 in AL

Livability — Phenix City

• Score: 60/100
• State rank: #297
• US rank: #19037

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Lee County · 144,175 people
• City population: 62,290
• Metro: Auburn-Opelika, AL
• Population (ZIP): 17,951
• Household income: $72,500
• Rent vs Own: 19.3% rent · 80.7% own
• Severe rent burden: 500.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 196,440 people
• By 2030: 217,417 · +10.7%
• By 2040: 259,467 · +32.1%
• By 2050: 301,557 · +53.5%
• By 2075: 402,186 · +104.7%
• By 2100: 474,503 · +141.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 18% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Romanian 2% Portuguese 2%
• Foreign-born: 3% · Canada, South Korea, Jamaica
• Languages at home: 95% English-only · Spanish 3% Korean 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+27.8) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -8.1pp toward R · 2008: -19.8pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+20.1 2016: R+23.1 2012: R+19.9 2008: R+19.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -28.19%
• Current HPI: 241.1403
• Rent YoY: —
• Metro: Auburn-Opelika, 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

+7.4% since first listed

6 events — show timeline

• 2026-05-20 Pending — CBOR
• 2026-05-15 Pending — EABOR
• 2026-05-04 Listed $209,900 EABOR
• 2026-05-04 Listed $209,900 CBOR
• 2026-03-05 Pending — EABOR
• 2026-03-02 Listed $195,404 EABOR

Property tax history

+2.4%/yr

Latest (2025): $600 · +0.0% YoY. Source: county tax records.