114 Iroquois · Enterprise, AL 36330

$159,000

3 bd · 1.0 ba · 1,501 sqft · SingleFamily public records · 315 Days on market

Built 1984 0.63 ac lot $106/sqft · 22% below area Est $204k · 22% under

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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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• Schools +4.3/10.0
• 1% rule +3.9/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

114 Iroquois, Enterprise, AL 36330 3 Beds | 2 Baths | 1,500 Sq Ft | 0.63 Acres Welcome to 114 Iroquois, a charming multi-level single-family home located in the Indian Lakes subdivision, just off Dixie Drive and within the Enterprise city limits. NEW HVAC installed April 2026 inside and out. Built in 1984 and sitting on a spacious 0.63-acre lot, this 3-bedroom, 2-bathroom home offers approximately 1,500 square feet of living space. Key Features:     •    3 Bedrooms located upstairs for added privacy     •    Kitchen and main living area downstairs, perfect for entertaining     •    Comes with a Winchester gun safe     •    All kitchen appliances included — ready to move in and cook!     •    Single-car garage for secure parking or storage     •    Large backyard deck, ideal for cookouts, gatherings, or relaxing evenings     •    Generously sized lot with mature trees and outdoor space Located in a peaceful neighborhood yet only minutes from shopping, dining, and Fort Novosel, this home is perfect for families or anyone looking for a quiet retreat with city convenience. ? Schedule a showing today and see what makes 114 Iroquois the perfect place to call home!

Key facts

• Winchester gun safe
• Multi-level home
• Large backyard deck

Tags

• MULTI-LEVEL HOME
• INDIAN LAKES SUBDIVISION
• WINCHESTER GUN SAFE
• LARGE BACKYARD DECK
• MATURE TREES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $160 ($2k/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 $142k (10.7% below list).
• Recommended offer: $140k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 4.2% in Enterprise — 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 65/100 on livability (#127 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D, crime F, amenities F.
• Enterprise City (town): math 40% / reading 60% proficiency, ranked #12 of 129 in AL (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+3.9%/yr); 441 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 137 units permitted in Coffee 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 $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 315 days — a 12% lower offer ($140k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 26y ago; this cycle's ask has dropped $16k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $134k; 19% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $139,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 315 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.89% ✗
• Cap rate: 7.50%
• Cash-on-cash: 4.31%
• DSCR: 1.19
• GRM: 9.3

CMA / ARV

• ARV (median comp): $203,944
• List price: $159,000
• Delta: -22.04%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 Cahaba St	0.21mi	3/2.0	1,504 (+0%)	0mo	$162,500	$108	86
406 Iroquois Rd	0.28mi	3/2.5	1,538 (+2%)	3mo	$121,500	$79	74
807 Morgan Ln	0.13mi	4/3.0 (+1)	1,625 (+8%)	3mo	$250,000	$154	65
215 Cardinal Ln	0.54mi	3/2.0	1,549 (+3%)	4mo	$125,000	$81	62
105 Woodley Dr	0.63mi	3/2.0	1,509 (+0%)	6mo	$229,000	$152	61
202 Deerfield Dr	0.73mi	3/2.0	1,534 (+2%)	3mo	$130,000	$85	56
111 Woodley Dr	0.68mi	3/2.5	1,447 (-4%)	1mo	$227,500	$157	55
100 Doe St	0.62mi	3/2.0	1,620 (+8%)	0mo	$210,000	$130	53
105 Don Cir	0.51mi	3/2.0	1,396 (-7%)	10mo	$155,000	$111	52
117 W Emerald Dr	0.69mi	3/2.0	1,377 (-8%)	1mo	$203,000	$147	49
311 Antler Dr	0.54mi	3/2.0	1,278 (-15%)	1mo	$115,000	$90	45
702 Dixie Dr	0.68mi	3/2.0	1,338 (-11%)	7mo	$180,000	$135	41

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 · 3.92% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.68×
• Total profit: $-14,314
• Equity at exit: $23,707

10-year hold

• IRR: 1.8%
• Equity multiple: 1.13×
• Total profit: $5,943
• Equity at exit: $13,747

Cash invested: $44,520 (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 36330

• Home prices YoY: -19.4%
• Rents YoY: 3.9%
• Active inventory: 441
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,420 high
• Mortgage (P&I): −$834
• Tax from tax record: −$62 /mo · $740/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $160

Break-even live

Break-even rent $1,217

Max offer price $159,000

Occupancy floor 84%

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Cheyenne Dr Enterprise, AL	2.0	1.5	1088	$800	$0.74	43d	1	0.43mi
210 Morgan Ln Enterprise, AL	3.0	2.0	1494	$1,300	$0.87	43d	1	0.65mi
214 Morgan Ln Enterprise, AL	3.0	2.0	1322	$1,400	$1.06	43d	1	0.66mi
605 Melbourne Dr Enterprise, AL	3.0	2.0	1333	$1,650	$1.24	43d	1	0.82mi
206 Myrick Dr Enterprise, AL	3.0	2.0	1800	$1,595	$0.89	43d	1	0.88mi
452 Sandy Oak Dr Enterprise, AL	2.0	1.5	1300	$1,150	$0.88	43d	1	0.88mi
443 Sandy Oak Dr Enterprise, AL	2.0	2.5	1504	$1,350	$0.90	43d	1	0.90mi
455 Sandy Oak Dr Enterprise, AL	3.0	2.5	1504	$1,975	$1.31	43d	1	0.91mi
106 Pineridge Dr Enterprise, AL	2.0	2.5	1427	$1,150	$0.81	43d	1	1.03mi
137 Commons Dr Unit 1 Enterprise, AL	2.0	2.5	1369	$1,100	$0.80	43d	1	1.06mi
133 Commons Dr Enterprise, AL	3.0	2.5	1400	$1,200	$0.86	43d	1	1.07mi
206 Myrtlewood Dr Enterprise, AL	3.0	2.0	1155	$1,400	$1.21	43d	1	1.08mi
114 Commons Dr Enterprise, AL	2.0	2.5	1380	$1,300	$0.94	43d	1	1.11mi
102 Commons Dr Enterprise, AL	2.0	2.5	1380	$1,250	$0.91	43d	1	1.14mi
184 N Springview Dr Enterprise, AL	3.0	2.5	1494	$1,350	$0.90	43d	1	1.30mi
160 N Springview Dr Enterprise, AL	3.0	2.5	1495	$1,350	$0.90	43d	1	1.35mi
3101 Achey Dr Enterprise, AL	2.0	1.5	1232	$1,200	$0.97	43d	1	1.39mi
85 Courtyard Way Enterprise, AL	3.0	2.5	1460	$1,375	$0.94	43d	1	1.40mi
102 S Spring View Dr Enterprise, AL	2.0	2.5	1404	$1,300	$0.93	43d	1	1.40mi
114 S Spring View Dr Enterprise, AL	3.0	2.5	1494	$1,300	$0.87	43d	1	1.42mi
25 Courtyard Way Enterprise, AL	2.0	2.5	1632	$1,250	$0.77	43d	1	1.42mi

Listing history 23 events

1. 2026-06-19
   days on market $159,000 Active 315 DOM
2. 2026-06-18
   days on market $159,000 Active 314 DOM
3. 2026-06-17
   days on market $159,000 Active 313 DOM
4. 2026-06-16
   days on market $159,000 Active 312 DOM
5. 2026-06-15
   days on market $159,000 Active 311 DOM
6. 2026-06-14
   days on market $159,000 Active 309 DOM
7. 2026-06-12
   days on market $159,000 Active 308 DOM
8. 2026-06-09
   days on market $159,000 Active 305 DOM
9. 2026-06-08
   days on market $159,000 Active 304 DOM
10. 2026-06-07
    days on market $159,000 Active 303 DOM
11. 2026-06-05
    days on market $159,000 Active 300 DOM
12. 2026-06-03
    days on market $159,000 Active 299 DOM
13. 2026-06-02
    days on market $159,000 Active 298 DOM
14. 2026-06-01
    days on market $159,000 Active 297 DOM
15. 2026-06-01
    remarks 609-char remark
16. 2026-06-01
    price $159,000 Active 296 DOM
17. 2026-05-31
    days on market $175,000 Active 296 DOM
18. 2026-05-30
    days on market $175,000 Active 295 DOM
19. 2025-08-06
    listed $175,000 Active 1516-char remark

    Show marketing remark (1516 chars)

    114 Iroquois, Enterprise, AL 36330 3 Beds | 2 Baths | 1,500 Sq Ft | 0.63 Acres Welcome to 114 Iroquois, a charming multi-level single-family home located in the Indian Lakes subdivision, just off Dixie Drive and within the Enterprise city limits. NEW HVAC installed April 2026 inside and out. Built in 1984 and sitting on a spacious 0.63-acre lot, this 3-bedroom, 2-bathroom home offers approximately 1,500 square feet of living space. Key Features:     •    3 Bedrooms located upstairs for added privacy     •    Kitchen and main living area downstairs, perfect for entertaining     •    Comes with a Winchester gun safe     •    All kitchen appliances included — ready to move in and cook!     •    Single-car garage for secure parking or storage     •    Large backyard deck, ideal for cookouts, gatherings, or relaxing evenings     •    Generously sized lot with mature trees and outdoor space Located in a peaceful neighborhood yet only minutes from shopping, dining, and Fort Novosel, this home is perfect for families or anyone looking for a quiet retreat with city convenience. ? Schedule a showing today and see what makes 114 Iroquois the perfect place to call home!

20. 2006-03-29
    soldstatus $133,700 147-char remark

    Show marketing remark (147 chars)

    Chain Link, GREAT LOCATION- NEW CARPET, NEW VINYL, FRESH PAINT- 3 BEDROOMS 2 BATHS, OVERLOOKING A SPECTACULAR VIEW OF THE LAKE - WON'T LAST LONG. ,

21. 2006-01-16
    listed $126,500 147-char remark

    Show marketing remark (147 chars)

    Chain Link, GREAT LOCATION- NEW CARPET, NEW VINYL, FRESH PAINT- 3 BEDROOMS 2 BATHS, OVERLOOKING A SPECTACULAR VIEW OF THE LAKE - WON'T LAST LONG. ,

22. 2000-03-09
    listed $94,000
23. 2000-03-09
    listed $94,000

ⓘ 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: $740 · $62/mo
• Projected year-2 tax: $740 · $62/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,038
• − Mortgage interest: −$8,906
• − Property taxes: −$740
• − Insurance: −$795
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$4,625
• Taxable loss: −$755
• Est. tax savings @ 24.0%: +$181
• After-tax cash flow: $2,101/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: Enterprise City
• NCES district ID: 0101320
• Math proficiency: 40% ▼ -20.00%
• Reading proficiency: 60% ▲ 4.00%
• Median HH income: $51,311
• Composite: 42.83/100
• National rank: #3136
• State rank: #12 of 129 in AL

Livability — Enterprise

• Score: 65/100
• State rank: #127
• US rank: #12953

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enterprise, AL
• County: Coffee County · 39,557 people
• City population: 39,557
• Metro: Enterprise, AL
• Population (ZIP): 39,557
• Household income: $75,765
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1126.0

Population outlook (Coffee County) Hauer SSP2

• Today (2025): 53,133 people
• By 2030: 53,832 · +1.3%
• By 2040: 54,504 · +2.6%
• By 2050: 54,289 · +2.2%
• By 2075: 51,175 · -3.7%
• By 2100: 46,793 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Black 17% Hispanic / Latino 13% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 3%
• Common ancestry: Italian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 6% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 2%

Political lean MEDSL · Coffee

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -9.0pp toward R · 2008: -48.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.1 2016: R+56.7 2012: R+49.4 2008: R+48.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.44%
• Current HPI: 184.0163
• Rent YoY: ▲ 3.92%
• Metro: Enterprise, 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

+86.2% since first listed

5 events — show timeline

• 2025-08-06 Listed $175,000 WBR
• 2006-03-29 Sold (MLS) $133,700 MAAR
• 2006-01-16 Listed $126,500 MAAR
• 2000-03-09 Listed $94,000 WBR
• 2000-03-09 Listed $94,000 MAAR

Property tax history

+3.0%/yr

Latest (2025): $740 · +6.4% YoY. Source: county tax records.