977 County Road 40 Rd W · Pine Level, AL 36067

$188,000

3 bd · 2.0 ba · 1,744 sqft · SingleFamily public records · 66 Days on market

Built 1970 1.00 ac lot $108/sqft · 22% below area Est $301k · 38% 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 +20.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.4/10.0
• 1% rule +4.1/10.0
• Rent growth +3.9/5.0
• Schools +3.2/10.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come and enjoy this spacious 3bedroom 3 bath home nestled in the heart of Prattville! Located at County Road 40 West, this inviting residence offers a warm blend of comfort and classic style featuring a cozy living room, rich wood trim, and neutral wall tones that create a serene ambiance. The space is accented with a tiled area rug and traditional furnishings, perfect for relaxing or entertaining. The main kitchen has an eat in area great for family and friends. There is also a kitchen upstairs attached to a bath and bedroom that can be a separate apartment. While the full bathroom provides plenty of space and functionality with large, tiled flooring, custom vanity, and a warm color palette accented with decorative tile trim. Whether you're looking for a peaceful place to call home or an ideal investment opportunity, this home is full of potential and ready for your personal touch. Don’t miss your chance to own this slice of comfort and convenience just minutes from the amenities of Prattville!

Key facts

• Custom vanity
• Rich wood trim
• Large tiled flooring

Tags

• MODERN CEILING FAN
• RICH WOOD TRIM
• TILED AREA RUG
• RICH HARDWOOD FLOORING
• LARGE TILED FLOORING
• CUSTOM VANITY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $238 ($3k/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 $172k (8.6% below list).
• Recommended offer: $172k (8.6% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 2.8% in Pine Level — 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 61/100 on livability (#246 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.8%/yr); 131 active listings in the ZIP; 221 units permitted in Autauga County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($66k/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.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 28y ago 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.
• Current owner paid $24k; list at $188k implies a 700% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,784 (8.6% below list)

Questions for the listing agent

1. It's been on market 66 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 1970 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.91% ✗
• Cap rate: 7.81%
• Cash-on-cash: 5.43%
• DSCR: 1.24
• GRM: 9.1

CMA / ARV

• ARV (median comp): $301,194
• List price: $188,000
• Delta: -37.58%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
763 County Road 21 Rd N	0.65mi	3/2.0	2,000 (+15%)	10mo	$337,000	$169	37

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 · 5.78% rent growth · sell at horizon

5-year hold

• IRR: -5.2%
• Equity multiple: 0.80×
• Total profit: $-10,443
• Equity at exit: $28,031

10-year hold

• IRR: 7.2%
• Equity multiple: 1.60×
• Total profit: $31,547
• Equity at exit: $16,255

Cash invested: $52,640 (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 36067

• Home prices YoY: -12.4%
• Rents YoY: 5.8%
• Active inventory: 131
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,718 medium
• Mortgage (P&I): −$986
• Tax from tax record: −$55 /mo · $657/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $238

Break-even live

Break-even rent $1,416

Max offer price $188,000

Occupancy floor 81%

Sensitivity live

Price	-10% $345	-5% $291	+0% $238	+5% $185	+10% $132
Rent	-10% $102	-5% $170	+0% $238	+5% $306	+10% $374
Rate	-1.0pp $333	-0.5pp $286	base $238	+0.5pp $189	+1.0pp $140

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: $47,000
• Closing costs: $5,640
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-01
   days on market $188,000 Active 66 DOM
2. 2026-05-31
   days on market $188,000 Active 65 DOM
3. 2026-05-30
   days on market $188,000 Active 64 DOM
4. 2026-03-27
   listed $188,000 Active 1016-char remark

   Show marketing remark (1016 chars)

   Come and enjoy this spacious 3bedroom 3 bath home nestled in the heart of Prattville! Located at County Road 40 West, this inviting residence offers a warm blend of comfort and classic style featuring a cozy living room, rich wood trim, and neutral wall tones that create a serene ambiance. The space is accented with a tiled area rug and traditional furnishings, perfect for relaxing or entertaining. The main kitchen has an eat in area great for family and friends. There is also a kitchen upstairs attached to a bath and bedroom that can be a separate apartment. While the full bathroom provides plenty of space and functionality with large, tiled flooring, custom vanity, and a warm color palette accented with decorative tile trim. Whether you're looking for a peaceful place to call home or an ideal investment opportunity, this home is full of potential and ready for your personal touch. Don’t miss your chance to own this slice of comfort and convenience just minutes from the amenities of Prattville!

5. 2001-05-31
   soldstatus $23,500 74-char remark

   Show marketing remark (74 chars)

   Sold "AS IS" . Large home located in the Old Kingston Community.

6. 2001-01-08
   listed $26,900 74-char remark

   Show marketing remark (74 chars)

   Sold "AS IS" . Large home located in the Old Kingston Community.

7. 2000-04-14
   listed $30,000
8. 2000-01-21
   listed $30,000
9. 1999-09-03
   listed $34,000
10. 1999-04-06
    listed $48,200
11. 1998-12-01
    listed $48,200

ⓘ 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: $657 · $55/mo
• Projected year-2 tax: $771 · $64/mo
• Expected delta: +$114/yr (+$10/mo · 17.4%)

ⓘ 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 6/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,614
• − Mortgage interest: −$10,531
• − Property taxes: −$657
• − Insurance: −$940
• − Repairs & maintenance: −$1,649
• − Management: −$1,649
• − Depreciation: −$5,469
• Taxable loss: −$281
• Est. tax savings @ 24.0%: +$67
• After-tax cash flow: $2,925/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: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Pine Level

• Score: 61/100
• State rank: #246
• US rank: #17675

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Autauga County · 50,925 people
• Metro: Montgomery, AL
• Population (ZIP): 28,293
• Household income: $65,593
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 389.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.98%
• Current HPI: 211.1676
• Rent YoY: ▲ 5.78%
• Metro: Montgomery, 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

+290.0% since first listed

8 events — show timeline

• 2026-03-27 Listed $188,000 MAAR
• 2001-05-31 Sold (MLS) $23,500 MAAR
• 2001-01-08 Listed $26,900 MAAR
• 2000-04-14 Listed $30,000 MAAR
• 2000-01-21 Listed $30,000 MAAR
• 1999-09-03 Listed $34,000 MAAR
• 1999-04-06 Listed $48,200 MAAR
• 1998-12-01 Listed $48,200 MAAR

Property tax history

+11.5%/yr

Latest (2025): $657 · +1.1% YoY. Source: county tax records.