20919 Martin Dell Dr · Lake View, AL 35111

$219,000

3 bd · 2.0 ba · 1,450 sqft · Land · 37 Days on market

Built 2026 0.50 ac lot $151/sqft · 65% above area

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Why this score? — see what drove the D- 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 +10.6/30.0
• ARV discount +7.5/15.0
• Livability +3.6/5.0
• 1% rule +3.1/10.0
• DSCR +3.1/10.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Nestled on a peaceful . 5-acre lot in the desirable Million Dollar Lakes community, this beautifully kept home offers the perfect mix of comfort, space, and country charm. Features 3 bedrooms, 2 bathrooms, spacious living area and modern features throughout. Includes a 10x20 shed, great for all your workshop or storage needs. Large backyard, perfect for entertaining family and friends this summer. Whether you’re looking for a cozy place to call home or a property with endless possibilities, this one is full of potential. Contact me today for your private showing!

Key facts

• 5 acre lot
• 10x20 shed
• Large backyard

Tags

• 5 ACRE LOT
• MILLION DOLLAR LAKES COMMUNITY
• 10X20 SHED
• LARGE BACKYARD

Property features AI

Finance

• Other: Approximately 0.5 acre lot; Subdivision: Million Dollar Lakes
• Financial info: Annual fire fee (approx. $150); Quarterly garbage fee (approx. $50)

Exterior

• Parking: Driveway parking
• Utilities: Public water; Septic system; Electric water heater; Internet service availability unknown
• Home design: Single-family residence; New construction (completed)
• Construction: Vinyl siding; Crawl space foundation
• Exterior features: Porch; Open deck; Storage building

Interior

• Kitchen: Laminate countertops; Dishwasher (built-in); Electric oven; Refrigerator; Some stainless appliances
• Bedrooms: Master bedroom (main level); Additional bedrooms (main level)
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms; Master bath with separate shower; Garden tub; Linen closet; Tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: 9 ft. + ceilings; Recessed lighting
• Laundry & utility: Laundry room on main level; Washer/dryer hookups with electric dryer hookup; Floor drain in laundry

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $219k.

Deal economics

• At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $204k (7.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (18.7% below list).
• Recommended offer: $178k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.9% in Lake View — 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 71/100 on livability (#38 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, employment A; Watch: health & safety D, amenities F, commute F.
• Tuscaloosa County (suburban): math 21% / reading 45% proficiency, ranked #47 of 129 in AL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lake View Elementary School (math 36% / reading 66%, grade C-, #113 of 627 statewide, top 18%, 769 students, 53% FRL); Brookwood High School (math 22% / reading 27%, grade F, #118 of 305 statewide, top 45%, 1,078 students, 58% FRL).
• Market conditions: 350 active listings in the ZIP; solid renter incomes; 622 units permitted in Tuscaloosa County in 2024 (69 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Tuscaloosa County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $38k; list at $219k implies a 484% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 50% 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 $178,033 (18.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. 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.
7. 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.
8. 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: 0.81% ✗
• Cap rate: 5.71%
• Cash-on-cash: -2.09%
• DSCR: 0.91
• GRM: 10.3

CMA / ARV

• ARV (median comp): $132,558
• List price: $219,000
• Delta: 65.21%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -19.8%
• Equity multiple: 0.31×
• Total profit: $-42,275
• Equity at exit: $32,654

10-year hold

• IRR: -12.6%
• Equity multiple: 0.26×
• Total profit: $-45,479
• Equity at exit: $18,935

Cash invested: $61,320 (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 35111

• Home prices YoY: -20.0%
• Active inventory: 350
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,780 medium
• Mortgage (P&I): −$1,148
• Tax est. 1.5%: −$274 /mo · $3,285/yr
• Insurance: −$91
• HOA: −$0
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $-107

Break-even live

Break-even rent $1,916

Max offer price $203,517

Occupancy floor —

Sensitivity live

Price	-10% $44	-5% $-31	+0% $-107	+5% $-183	+10% $-258
Rent	-10% $-248	-5% $-177	+0% $-107	+5% $-37	+10% $34
Rate	-1.0pp $3	-0.5pp $-51	base $-107	+0.5pp $-164	+1.0pp $-221

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: $54,750
• Closing costs: $6,570
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $219,000 Active 37 DOM
2. 2026-06-17
   days on market $219,000 Active 36 DOM
3. 2026-06-16
   days on market $219,000 Active 35 DOM
4. 2026-06-15
   days on market $219,000 Active 34 DOM
5. 2026-06-14
   days on market $219,000 Active 32 DOM
6. 2026-06-13
   days on market $219,000 Active 31 DOM
7. 2026-06-10
   days on market $219,000 Active 29 DOM
8. 2026-06-09
   days on market $219,000 Active 28 DOM
9. 2026-06-08
   days on market $219,000 Active 27 DOM
10. 2026-06-07
    days on market $219,000 Active 26 DOM
11. 2026-06-05
    days on market $219,000 Active 23 DOM
12. 2026-06-03
    days on market $219,000 Active 22 DOM
13. 2026-06-02
    days on market $219,000 Active 21 DOM
14. 2026-06-01
    days on market $219,000 Active 20 DOM
15. 2026-05-31
    days on market $219,000 Active 19 DOM
16. 2026-05-30
    days on market $219,000 Active 18 DOM
17. 2026-05-12
    listed $219,000 Active 575-char remark
18. 2026-02-10
    soldstatus $37,500

ⓘ 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 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 50% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,364
• − Mortgage interest: −$12,267
• − Property taxes: −$3,285
• − Insurance: −$1,095
• − Repairs & maintenance: −$1,709
• − Management: −$1,709
• − Depreciation: −$6,371
• Taxable loss: −$5,073
• Est. tax savings @ 24.0%: +$1,217
• After-tax cash flow: $-67/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: Tuscaloosa County
• NCES district ID: 0103390
• Math proficiency: 21% ▼ -24.00%
• Reading proficiency: 45% ▲ 2.00%
• Median HH income: $53,000
• Composite: 28.88/100
• National rank: #6641
• State rank: #47 of 129 in AL

Livability — Lake View

• Score: 71/100
• State rank: #38
• US rank: #7051

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tuscaloosa County · 206,491 people
• Metro: Tuscaloosa, AL
• Population (ZIP): 20,342
• Household income: $86,463
• Rent vs Own: 10.8% rent · 89.2% own
• Severe rent burden: 137.0

Population outlook (Tuscaloosa County) Hauer SSP2

• Today (2025): 228,293 people
• By 2030: 240,551 · +5.4%
• By 2040: 263,856 · +15.6%
• By 2050: 286,491 · +25.5%
• By 2075: 335,783 · +47.1%
• By 2100: 370,520 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 24% Hispanic / Latino 3% Two or more races 3% Asian 1%
• Common ancestry: Lithuanian 4% Slovak 2% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 93% English-only · Spanish 5%

Political lean MEDSL · Tuscaloosa

• 2024 margin: Strong R (+20.4) · D 39.4% · R 59.8%
• 2008→2024 swing: -4.4pp toward R · 2008: -16.0pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+14.8 2016: R+19.5 2012: R+17.4 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -51.52%
• Current HPI: 206.3808
• Rent YoY: —
• Metro: Tuscaloosa, 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

+484.0% since first listed

2 events — show timeline

• 2026-05-12 Listed $219,000 Greater Alabama MLS
• 2026-02-10 Sold (Public Records) $37,500 Public Records

Property tax history

+0.0%/yr

Latest (2025): $27 · +0.0% YoY. Source: county tax records.