1119 Torres Ln · Lillian, AL 36549

$149,900

3 bd · 2.0 ba · 1,782 sqft · Manufactured public records · 137 Days on market

Built 1992 7,320 sqft lot $84/sqft · 38% below area Est $241k · 38% under $73/mo HOA · 4% of rent ↓ 17% since listing

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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 +23.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.5/10.0
• 1% rule +6.7/10.0
• Schools +3.9/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This Horton Homes Doublewide in Spanish Cove is a 3 Bedroom/2 Bath that needs some TLC. It has a Large living room, a raised dining room. Kitchen is large & open. 2 Very large quest rooms each with walk in closed. Master Bedroom has wall closets plus in the Bathroom there is another walk in closet or it could be used for storage. Master Bath has a separate shower and garden tub. This home has an open front porch. The shed has electric. It is located on a great street in the Cove. Roof is 4 yrs old. HVAC is also 4 yrs old. Spanish Cove amenities include year round pool, tennis/pickle courts, fishing pier, 2 clubhouses and 24 hr security. Home is being sold AS IS. Information and measurements are deemed reliable but not guaranteed and should be verified by Buyer or Buyer's Agent. See Showingtime. Buyer to verify all information during due diligence.

Key facts

• Large living room
• Separate shower
• Raised dining room

Tags

• LARGE LIVING ROOM
• RAISED DINING ROOM
• LARGE OPEN KITCHEN
• WALK IN CLOSET
• SEPARATE SHOWER
• GARDEN TUB

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $274 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.1% in Lillian — 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 66/100 on livability (#97 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A-; Watch: schools C-, amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 146 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,883 units permitted in Baldwin County in 2024 (481 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.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 1.17% ✓
• Cap rate: 8.48%
• Cash-on-cash: 7.82%
• DSCR: 1.35
• GRM: 7.1

CMA / ARV

• ARV (median comp): $241,142
• List price: $149,900
• Delta: -37.84%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1908 Torres Ln	0.04mi	3/2.0	1,904 (+7%)	4mo	$260,000	$137	84
1377 Caney Loop	0.40mi	3/2.0	1,836 (+3%)	5mo	$90,000	$49	72
1165 Santa Anna Ln	0.06mi	3/2.0	1,624 (-9%)	15mo	$195,000	$120	70
1157 Ridgewood Dr	0.09mi	3/2.0	1,568 (-12%)	8mo	$215,000	$137	69
1308 Pensacola Dr	0.39mi	3/3.0	1,820 (+2%)	11mo	$155,000	$85	65
1649 Del Rey Dr	0.64mi	3/2.0	1,708 (-4%)	4mo	$250,000	$146	59
1661 Spanish Cove Dr	0.66mi	2/2.0 (-1)	1,869 (+5%)	3mo	$225,000	$120	54
1187 Ridgewood Dr	0.13mi	2/2.0 (-1)	1,560 (-12%)	23mo	$239,400	$153	49
1710 S Spanish Cove Dr	0.69mi	3/2.0	1,872 (+5%)	16mo	$250,000	$134	46
1754 Spanish Cove Dr	0.74mi	3/2.0	1,880 (+6%)	12mo	$200,000	$106	46
1696 Santa Cruz Dr	0.70mi	3/2.0	1,568 (-12%)	14mo	$192,000	$122	35

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: -4.3%
• Equity multiple: 0.84×
• Total profit: $-6,795
• Equity at exit: $22,351

10-year hold

• IRR: 5.4%
• Equity multiple: 1.40×
• Total profit: $16,809
• 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 36549

• Home prices YoY: -7.6%
• Active inventory: 146
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,750 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$73
• Vacancy / Maint / Mgmt: −$368
• Net cashflow: $274

Break-even live

Break-even rent $1,404

Max offer price $149,900

Occupancy floor 79%

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: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
12411 County Road 91 Lillian, AL	4.0	2.0	1232	$1,750	$1.42	13d	1	1.27mi

HOA detail

• Monthly dues: $73 · $876/yr
• Likely covers: electricpoolsecurity

Listing history 20 events

1. 2026-06-19
   days on market $149,900 Active 137 DOM
2. 2026-06-18
   days on market $149,900 Active 136 DOM
3. 2026-06-17
   days on market $149,900 Active 135 DOM
4. 2026-06-16
   days on market $149,900 Active 134 DOM
5. 2026-06-15
   days on market $149,900 Active 133 DOM
6. 2026-06-14
   days on market $149,900 Active 131 DOM
7. 2026-06-13
   days on market $149,900 Active 130 DOM
8. 2026-06-10
   days on market $149,900 Active 128 DOM
9. 2026-06-09
   days on market $149,900 Active 127 DOM
10. 2026-06-08
    days on market $149,900 Active 126 DOM
11. 2026-06-07
    days on market $149,900 Active 125 DOM
12. 2026-06-05
    days on market $149,900 Active 122 DOM
13. 2026-06-03
    days on market $149,900 Active 121 DOM
14. 2026-06-02
    days on market $149,900 Active 120 DOM
15. 2026-06-01
    days on market $149,900 Active 119 DOM
16. 2026-05-31
    days on market $149,900 Active 118 DOM
17. 2026-05-30
    days on market $149,900 Active 117 DOM
18. 2026-05-05
    price $149,900 866-char remark

    Show marketing remark (866 chars)

    This Horton Homes Doublewide in Spanish Cove is a 3 Bedroom/2 Bath that needs some TLC. It has a Large living room, a raised dining room. Kitchen is large & open. 2 Very large quest rooms each with walk in closed. Master Bedroom has wall closets plus in the Bathroom there is another walk in closet or it could be used for storage. Master Bath has a separate shower and garden tub. This home has an open front porch. The shed has electric. It is located on a great street in the Cove. Roof is 4 yrs old. HVAC is also 4 yrs old. Spanish Cove amenities include year round pool, tennis/pickle courts, fishing pier, 2 clubhouses and 24 hr security. Home is being sold AS IS. Information and measurements are deemed reliable but not guaranteed and should be verified by Buyer or Buyer's Agent. See Showingtime. Buyer to verify all information during due diligence.

19. 2026-03-29
    price $160,000 866-char remark

    Show marketing remark (866 chars)

    This Horton Homes Doublewide in Spanish Cove is a 3 Bedroom/2 Bath that needs some TLC. It has a Large living room, a raised dining room. Kitchen is large & open. 2 Very large quest rooms each with walk in closed. Master Bedroom has wall closets plus in the Bathroom there is another walk in closet or it could be used for storage. Master Bath has a separate shower and garden tub. This home has an open front porch. The shed has electric. It is located on a great street in the Cove. Roof is 4 yrs old. HVAC is also 4 yrs old. Spanish Cove amenities include year round pool, tennis/pickle courts, fishing pier, 2 clubhouses and 24 hr security. Home is being sold AS IS. Information and measurements are deemed reliable but not guaranteed and should be verified by Buyer or Buyer's Agent. See Showingtime. Buyer to verify all information during due diligence.

20. 2026-01-31
    listed $180,000 Active 866-char remark

    Show marketing remark (866 chars)

    This Horton Homes Doublewide in Spanish Cove is a 3 Bedroom/2 Bath that needs some TLC. It has a Large living room, a raised dining room. Kitchen is large & open. 2 Very large quest rooms each with walk in closed. Master Bedroom has wall closets plus in the Bathroom there is another walk in closet or it could be used for storage. Master Bath has a separate shower and garden tub. This home has an open front porch. The shed has electric. It is located on a great street in the Cove. Roof is 4 yrs old. HVAC is also 4 yrs old. Spanish Cove amenities include year round pool, tennis/pickle courts, fishing pier, 2 clubhouses and 24 hr security. Home is being sold AS IS. Information and measurements are deemed reliable but not guaranteed and should be verified by Buyer or Buyer's Agent. See Showingtime. Buyer to verify all information during due diligence.

ⓘ 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 10/10 Extreme 7 d/yr ≥104°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,000
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,680
• − Management: −$1,680
• − HOA: −$876
• − Depreciation: −$4,361
• Taxable income: $1,009
• Est. tax owed @ 24.0%: −$242
• After-tax cash flow: $3,041/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Lillian

• Score: 66/100
• State rank: #97
• US rank: #11371

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 6,152
• Population (ZIP): 6,152

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Lithuanian 7% Italian 3% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.45%
• Current HPI: 285.5902
• 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

-16.7% since first listed

3 events — show timeline

• 2026-05-05 Price Changed $149,900 BCAR
• 2026-03-29 Price Changed $160,000 BCAR
• 2026-01-31 Listed $180,000 BCAR