1509 Louise Dr SE · Jacksonville, AL 36265

$110,000

3 bd · 1.0 ba · 1,570 sqft · SingleFamily public records · 4 Days on market

Built 1987 0.34 ac lot Est $198k · 44% under ↓ 35% since listing

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Why this score? — see what drove the B 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.1/10.0
• Rent growth +3.9/5.0
• Livability +3.5/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic 4 bedroom, 2 full bath home in a great neighborhood that has so much to offer. There is fresh paint through most of the home. Large living room has wood-burning fireplace and cathedral ceilings that leads to the large deck overlooking the private yard. The adorable kitchen has new flooring, lots of cabinets, and a large eat-in area/ dining room. The bedrooms are good size on the main floor and the master bedroom has a large bathroom with tub/ shower and a large counter. In the basement, there is a large laundry room, the 4th bedroom, and another room that could be an office, den, or home gym that goes outside. A new Trane heat pump was added in the last 5 years and metal roof making this home very low maintenance.

Key facts

• 0.34 acre lot
• 2 garage spots
• Built 1987

Property features AI

Exterior

• Parking: Front garage entry; Two garage spaces (2-car garage); Driveway parking
• Utilities: Public water; Connected sewer; Electric water heater; Internet service availability unknown
• Home design: Existing structure; Vinyl siding construction; Basement foundation
• Construction: Vinyl siding; Basement foundation (concrete block); Partial basement, all unfinished
• Exterior features: Open deck; No pool, patio, garden/patio, or waterfront; Lot size approximately 0.34 acres; Located in the Brownwood subdivision; Not in a flood plain

Interior

• Kitchen: Laminate countertops
• Bedrooms: Master bedroom on main level; Additional bedrooms on main level (total bedrooms listed across main level rooms)
• Flooring: Vinyl; Subflooring
• Bathrooms: Two full bathrooms; Baths include tub/shower combo
• Heating & cooling: Central heating; Central air conditioning
• Interior features: One wood-burning fireplace with brick surround in the family room; Ceilings described as 'Other (see remarks)'; Vinyl flooring and subflooring; Partial basement (all unfinished, concrete block foundation); Tri-level/split configurations not present; Living area reported per tax records (1,570)
• Laundry & utility: Main-level laundry room; Washer hookup provided; Electric dryer hookup; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $375 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 10.4% vs local median 3.6% in Jacksonville — 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 70/100 on livability (#41 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A-; Watch: crime F, amenities F, commute F.
• Jacksonville City (urban): math 23% / reading 60% proficiency, ranked #24 of 129 in AL (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Kitty Stone Elementary School (math 29% / reading 64%, grade D-, #159 of 627 statewide, top 26%, 970 students, 65% FRL); Jacksonville High School (math 16% / reading 54%, grade F, #46 of 305 statewide, top 15%, 782 students, 59% FRL) — zoned schools average 62% FRL vs 44% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+5.6%/yr); 88 active listings in the ZIP; 135 units permitted in Calhoun County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Calhoun County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 5.6% rent growth), your $31k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $110,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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?
4. 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.
5. 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.
6. 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: 1.21% ✓
• Cap rate: 10.39%
• Cash-on-cash: 14.63%
• DSCR: 1.65
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $197,820
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1408 Louise Dr	0.13mi	3/2.0	1,375 (-12%)	1mo	$244,900	$178	69
1310 Louise Dr SE	0.26mi	3/2.0	1,692 (+8%)	6mo	$203,600	$120	66
1504 Davis St SE	0.20mi	3/2.0	1,764 (+12%)	2mo	$230,000	$130	65
1410 Louise Dr SE	0.11mi	3/2.0	1,400 (-11%)	10mo	$227,000	$162	64
1400 Louise Dr SE	0.21mi	3/2.5	1,799 (+15%)	9mo	$259,000	$144	53
302 Macon Dr SE	0.41mi	3/2.0	1,702 (+8%)	16mo	$158,000	$93	49
1202 Louise Dr	0.40mi	3/2.5	1,702 (+8%)	20mo	$199,000	$117	45
706 George St SE	0.49mi	3/2.0	1,767 (+12%)	10mo	$192,000	$109	44
1109 NE Mountain St	0.70mi	3/2.0	1,440 (-8%)	10mo	$230,000	$160	41
807 Francis St E	0.69mi	3/2.0	1,631 (+4%)	22mo	$149,500	$92	38
512 Vann St SE	0.58mi	4/3.0 (+1)	1,680 (+7%)	14mo	$178,000	$106	37
800 E Francis St	0.74mi	3/2.0	1,428 (-9%)	14mo	$179,900	$126	34

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 · 5.6% rent growth · sell at horizon

5-year hold

• IRR: 7.8%
• Equity multiple: 1.31×
• Total profit: $9,633
• Equity at exit: $16,401

10-year hold

• IRR: 19.0%
• Equity multiple: 2.77×
• Total profit: $54,548
• Equity at exit: $9,511

Cash invested: $30,800 (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 36265

• Home prices YoY: -26.1%
• Rents YoY: 5.6%
• Active inventory: 88
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,334 medium
• Mortgage (P&I): −$577
• Tax from tax record: −$56 /mo · $669/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $375

Break-even live

Break-even rent $859

Max offer price $110,000

Occupancy floor 67%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-13
   statusdays on market $110,000 Pending 4 DOM
2. 2026-06-10
   days on market $110,000 Active 2 DOM
3. 2026-06-09
   remarks 168-char remark
4. 2026-06-09
   listed $110,000 Active 1 DOM

ⓘ 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: $669 · $56/mo
• Projected year-2 tax: $669 · $56/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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,007
• − Mortgage interest: −$6,162
• − Property taxes: −$669
• − Insurance: −$550
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − Depreciation: −$3,200
• Taxable income: $2,865
• Est. tax owed @ 24.0%: −$688
• After-tax cash flow: $3,817/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: Jacksonville City
• NCES district ID: 0101860
• Math proficiency: 23% ▼ -37.00%
• Reading proficiency: 60% ▲ 1.00%
• Median HH income: $37,233
• Composite: 34.37/100
• National rank: #5215
• State rank: #24 of 129 in AL

Livability — Jacksonville

• Score: 70/100
• State rank: #41
• US rank: #7385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jacksonville, AL
• County: Calhoun County · 71,763 people
• City population: 22,452
• Metro: Anniston-Oxford, AL
• Population (ZIP): 22,452
• Household income: $55,294
• Rent vs Own: 35.5% rent · 64.5% own
• Severe rent burden: 476.0

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 109,765 people
• By 2030: 105,708 · -3.7%
• By 2040: 96,192 · -12.4%
• By 2050: 86,413 · -21.3%
• By 2075: 63,467 · -42.2%
• By 2100: 44,704 · -59.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 15% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+44.8) · D 27.2% · R 71.9%
• 2008→2024 swing: -12.2pp toward R · 2008: -32.5pp · 2024: -44.8pp
• All cycles: 2024: R+44.8 2020: R+39.0 2016: R+41.4 2012: R+31.9 2008: R+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.38%
• Current HPI: 167.7493
• Rent YoY: ▲ 5.60%
• Metro: Anniston-Oxford, 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

-35.3% since first listed

9 events — show timeline

• 2026-06-07 Listed $110,000 Greater Alabama MLS
• 2021-11-23 Sold (Public Records) $169,900 Public Records
• 2021-11-19 Sold (MLS) $169,900 Greater Alabama MLS
• 2021-10-25 Contingent — Greater Alabama MLS
• 2021-10-15 Relisted — Greater Alabama MLS
• 2021-09-27 Contingent — Greater Alabama MLS
• 2021-09-13 Relisted — Greater Alabama MLS
• 2021-08-23 Contingent — Greater Alabama MLS
• 2021-08-18 Listed $169,900 Greater Alabama MLS

Property tax history

+3.0%/yr

Latest (2024): $669 · -4.6% YoY. Source: county tax records.