246 County Road 1371 · South Vinemont, AL 35179

$109,900

2 bd · 2.0 ba · 1,094 sqft · SingleFamily public records · 100 Days on market

Built 1975 0.70 ac lot Est $148k · 26% under

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.1/10.0
• Schools +2.8/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great investment opportunity in the Vinemont area! This property offers two homes for the price of one. The mobile home features 2 bedrooms and 2 bathrooms and sits on 0.3 acres, providing a comfortable place to live while making improvements to the second home. Located on the adjacent lot is a house built in 1975 that is in need of repair. This setup gives buyers the opportunity to live in the mobile home while renovating the house, making it ideal for investors, renovators, or anyone looking fora project with great potential.

Key facts

• Mobile home
• Adjacent lot
• Two homes

Tags

• INVESTMENT OPPORTUNITY
• TWO HOMES
• MOBILE HOME
• ADJACENT LOT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $597 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $100k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 55/100 on livability (#432 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+, crime A; Watch: schools C-, amenities F, commute F.
• Cullman County (rural): math 19% / reading 49% proficiency, ranked #49 of 129 in AL (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 80 active listings in the ZIP; 180 units permitted in Cullman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $893 of equity ($760 loan paydown + $133 appreciation (0.1% local appreciation)).
• At projected returns (0.1% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 100 days — a 9% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $22k; list at $110k implies a 400% gain — meaningful room to come down on a strong offer.

Recommended offer $100,009 (9.0% below list)

Questions for the listing agent

1. It's been on market 100 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.56% ✓
• Cap rate: 12.81%
• Cash-on-cash: 23.26%
• DSCR: 2.04
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $147,690
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
515 County Road 1343	0.20mi	3/1.0 (+1)	1,248 (+14%)	4mo	$168,300	$135	55

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.12% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 2.15×
• Total profit: $35,432
• Equity at exit: $32,580

10-year hold

• IRR: 27.5%
• Equity multiple: 4.09×
• Total profit: $95,011
• Equity at exit: $39,700

Cash invested: $30,772 (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 35179

• Home prices YoY: 0.0%
• Active inventory: 80
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,716 medium
• Mortgage (P&I): −$576
• Tax est. 1.5%: −$137 /mo · $1,648/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $597

Break-even live

Break-even rent $961

Max offer price $109,900

Occupancy floor 60%

Sensitivity live

Price	-10% $672	-5% $634	+0% $597	+5% $559	+10% $521
Rent	-10% $461	-5% $529	+0% $597	+5% $664	+10% $732
Rate	-1.0pp $652	-0.5pp $624	base $597	+0.5pp $568	+1.0pp $539

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: $27,475
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-19
   days on market $109,900 Active 100 DOM
2. 2026-06-18
   days on market $109,900 Active 99 DOM
3. 2026-06-17
   days on market $109,900 Active 98 DOM
4. 2026-06-16
   days on market $109,900 Active 97 DOM
5. 2026-06-15
   days on market $109,900 Active 96 DOM
6. 2026-06-14
   days on market $109,900 Active 94 DOM
7. 2026-06-12
   days on market $109,900 Active 93 DOM
8. 2026-06-09
   days on market $109,900 Active 90 DOM
9. 2026-06-08
   days on market $109,900 Active 89 DOM
10. 2026-06-07
    days on market $109,900 Active 88 DOM
11. 2026-06-05
    days on market $109,900 Active 85 DOM
12. 2026-06-03
    days on market $109,900 Active 84 DOM
13. 2026-06-02
    days on market $109,900 Active 83 DOM
14. 2026-06-01
    days on market $109,900 Active 82 DOM
15. 2026-05-31
    days on market $109,900 Active 81 DOM
16. 2026-05-30
    days on market $109,900 Active 80 DOM
17. 2026-04-27
    price $124,900 533-char remark

    Show marketing remark (533 chars)

    Great investment opportunity in the Vinemont area! This property offers two homes for the price of one. The mobile home features 2 bedrooms and 2 bathrooms and sits on 0.3 acres, providing a comfortable place to live while making improvements to the second home. Located on the adjacent lot is a house built in 1975 that is in need of repair. This setup gives buyers the opportunity to live in the mobile home while renovating the house, making it ideal for investors, renovators, or anyone looking fora project with great potential.

18. 2026-04-21
    price $124,900 534-char remark

    Show marketing remark (534 chars)

    Great investment opportunity in the Vinemont area! This property offers two homes for the price of one. The mobile home features 2 bedrooms and 2 bathrooms and sits on 0.3 acres, providing a comfortable place to live while making improvements to the second home. Located on the adjacent lot is a house built in 1975 that is in need of repair. This setup gives buyers the opportunity to live in the mobile home while renovating the house, making it ideal for investors, renovators, or anyone looking for a project with great potential.

19. 2026-03-08
    listed $129,900 Active 533-char remark

    Show marketing remark (534 chars)

    Great investment opportunity in the Vinemont area! This property offers two homes for the price of one. The mobile home features 2 bedrooms and 2 bathrooms and sits on 0.3 acres, providing a comfortable place to live while making improvements to the second home. Located on the adjacent lot is a house built in 1975 that is in need of repair. This setup gives buyers the opportunity to live in the mobile home while renovating the house, making it ideal for investors, renovators, or anyone looking for a project with great potential.

20. 2026-03-08
    listed $129,900 Active 534-char remark

    Show marketing remark (534 chars)

    Great investment opportunity in the Vinemont area! This property offers two homes for the price of one. The mobile home features 2 bedrooms and 2 bathrooms and sits on 0.3 acres, providing a comfortable place to live while making improvements to the second home. Located on the adjacent lot is a house built in 1975 that is in need of repair. This setup gives buyers the opportunity to live in the mobile home while renovating the house, making it ideal for investors, renovators, or anyone looking for a project with great potential.

21. 2024-10-11
    soldstatus $22,000

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

Taxation est. · year 1

• Rental income: $20,598
• − Mortgage interest: −$6,156
• − Property taxes: −$1,648
• − Insurance: −$550
• − Repairs & maintenance: −$1,648
• − Management: −$1,648
• − Depreciation: −$3,197
• Taxable income: $5,751
• Est. tax owed @ 24.0%: −$1,380
• After-tax cash flow: $5,778/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: Cullman County
• NCES district ID: 0101020
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 49% ▲ 1.00%
• Median HH income: $39,449
• Composite: 28.39/100
• National rank: #6767
• State rank: #49 of 129 in AL

Livability — South Vinemont

• Score: 55/100
• State rank: #432
• US rank: #23262

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 8,957

Population outlook (Cullman County) Hauer SSP2

• Today (2025): 84,522 people
• By 2030: 85,402 · +1.0%
• By 2040: 86,152 · +1.9%
• By 2050: 85,202 · +0.8%
• By 2075: 79,679 · -5.7%
• By 2100: 66,943 · -20.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 10% Black 1%
• Hispanic origin (detail): Mexican 7% Cuban 1%
• Common ancestry: Iranian 2% Slovak 2% Serbian 2%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Cullman

• 2024 margin: Solid R (+80.5) · D 9.4% · R 89.9%
• 2008→2024 swing: -15.3pp toward R · 2008: -65.2pp · 2024: -80.5pp
• All cycles: 2024: R+80.5 2020: R+77.4 2016: R+77.8 2012: R+69.5 2008: R+65.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.12%
• Current HPI: 272.8749
• 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

+467.7% since first listed

5 events — show timeline

• 2026-04-27 Price Changed $124,900 Greater Alabama MLS
• 2026-04-21 Price Changed $124,900 SAARMLS
• 2026-03-08 Listed $129,900 SAARMLS
• 2026-03-08 Listed $129,900 Greater Alabama MLS
• 2024-10-11 Sold (Public Records) $22,000 Public Records

Property tax history

-8.2%/yr

Latest (2025): $70 · +11.6% YoY. Source: county tax records.