106 Oakridge Cir · Enterprise, AL 36330

$167,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 40 Days on market

Built 1990 0.28 ac lot $167/sqft · 9% above area Est $202k · 17% 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 +16.2/30.0
• ARV discount +15.0/15.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Rent growth +3.5/5.0
• 1% rule +3.2/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 106 Oakridge Circle, a beautifully updated home offering modern finishes and move-in ready convenience at an affordable price! This 3-bedroom, 1-bath home features approximately 1,318 sq ft, including a thoughtfully enclosed garage that now serves as a versatile bonus room—perfect for a second living area, home office, or playroom. Step inside to find fresh paint throughout, new luxury vinyl plank flooring, and new carpet in the bedrooms. The fully updated kitchen boasts new cabinets, Formica countertops, and a full suite of brand-new stainless steel appliances, including stove, refrigerator, and dishwasher. Major system updates provide peace of mind, including a brand-new HVAC system, new roof, and new water heater, along with updated lighting throughout. Both bathrooms have been refreshed with new vanities and toilets, and additional upgrades include new interior doors. Outside, the home features fresh exterior paint and a simple, low-maintenance yard ready for your personal touch. Vacant and easy to show. Don’t miss this opportunity to own a fully updated home at a great value!

Key facts

• Enclosed garage
• New water heater
• Versatile bonus room

Tags

• ENCLOSED GARAGE
• VERSATILE BONUS ROOM
• FULLY UPDATED KITCHEN
• NEW HVAC SYSTEM
• NEW ROOF
• NEW WATER HEATER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $168k.

Deal economics

• At list price, monthly cash flow is $90 ($1k/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 $138k (17.9% below list).
• Recommended offer: $138k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 6.9% 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; 5 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 40 days — a 3% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 18y 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: 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 $137,854 (17.9% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.82% ✗
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 10.1

CMA / ARV

• ARV (median comp): $201,515
• List price: $167,900
• Delta: -16.68%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
100 Pawnee Dr	0.52mi	3/1.5	966 (-4%)	12mo	$141,460	$146	57
203 Chinook Dr	0.60mi	3/2.0	1,080 (+7%)	7mo	$150,000	$139	50
2051 Shellfield Rd	0.68mi	3/2.0	1,102 (+9%)	1mo	$100,000	$91	48

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: -11.8%
• Equity multiple: 0.57×
• Total profit: $-20,248
• Equity at exit: $25,034

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-5,162
• Equity at exit: $14,517

Cash invested: $47,012 (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: 10.1×

Monthly cashflow live

• Estimated rent: $1,379 high
• Mortgage (P&I): −$880
• Tax from tax record: −$48 /mo · $580/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$289
• Net cashflow: $90

Break-even live

Break-even rent $1,264

Max offer price $167,900

Occupancy floor 88%

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: $41,975
• Closing costs: $5,037
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
103 Green St Enterprise, AL	3.0	2.0	1075	$1,300	$1.21	43d	1	0.21mi
102 Weeks Dr Unit 5 Enterprise, AL	2.0	1.5	950	$1,250	$1.32	43d	1	0.63mi
618 N Rawls St Enterprise, AL	3.0	1.0	1140	$975	$0.86	43d	1	1.25mi
110 Gibson St Unit 4 Enterprise, AL	2.0	1.0	750	$725	$0.97	43d	1	1.26mi
300 E Brunson St Enterprise, AL	2.0	1.0	900	$800	$0.89	43d	1	1.37mi

Listing history 13 events

1. 2026-05-15
   price $167,900 1120-char remark

   Show marketing remark (1120 chars)

   Welcome to 106 Oakridge Circle, a beautifully updated home offering modern finishes and move-in ready convenience at an affordable price! This 3-bedroom, 1-bath home features approximately 1,318 sq ft, including a thoughtfully enclosed garage that now serves as a versatile bonus room—perfect for a second living area, home office, or playroom. Step inside to find fresh paint throughout, new luxury vinyl plank flooring, and new carpet in the bedrooms. The fully updated kitchen boasts new cabinets, Formica countertops, and a full suite of brand-new stainless steel appliances, including stove, refrigerator, and dishwasher. Major system updates provide peace of mind, including a brand-new HVAC system, new roof, and new water heater, along with updated lighting throughout. Both bathrooms have been refreshed with new vanities and toilets, and additional upgrades include new interior doors. Outside, the home features fresh exterior paint and a simple, low-maintenance yard ready for your personal touch. Vacant and easy to show. Don’t miss this opportunity to own a fully updated home at a great value!

2. 2026-05-06
   price $169,900 1120-char remark

   Show marketing remark (1120 chars)

   Welcome to 106 Oakridge Circle, a beautifully updated home offering modern finishes and move-in ready convenience at an affordable price! This 3-bedroom, 1-bath home features approximately 1,318 sq ft, including a thoughtfully enclosed garage that now serves as a versatile bonus room—perfect for a second living area, home office, or playroom. Step inside to find fresh paint throughout, new luxury vinyl plank flooring, and new carpet in the bedrooms. The fully updated kitchen boasts new cabinets, Formica countertops, and a full suite of brand-new stainless steel appliances, including stove, refrigerator, and dishwasher. Major system updates provide peace of mind, including a brand-new HVAC system, new roof, and new water heater, along with updated lighting throughout. Both bathrooms have been refreshed with new vanities and toilets, and additional upgrades include new interior doors. Outside, the home features fresh exterior paint and a simple, low-maintenance yard ready for your personal touch. Vacant and easy to show. Don’t miss this opportunity to own a fully updated home at a great value!

3. 2026-04-16
   listed $172,900 Active 1120-char remark

   Show marketing remark (1120 chars)

   Welcome to 106 Oakridge Circle, a beautifully updated home offering modern finishes and move-in ready convenience at an affordable price! This 3-bedroom, 1-bath home features approximately 1,318 sq ft, including a thoughtfully enclosed garage that now serves as a versatile bonus room—perfect for a second living area, home office, or playroom. Step inside to find fresh paint throughout, new luxury vinyl plank flooring, and new carpet in the bedrooms. The fully updated kitchen boasts new cabinets, Formica countertops, and a full suite of brand-new stainless steel appliances, including stove, refrigerator, and dishwasher. Major system updates provide peace of mind, including a brand-new HVAC system, new roof, and new water heater, along with updated lighting throughout. Both bathrooms have been refreshed with new vanities and toilets, and additional upgrades include new interior doors. Outside, the home features fresh exterior paint and a simple, low-maintenance yard ready for your personal touch. Vacant and easy to show. Don’t miss this opportunity to own a fully updated home at a great value!

4. 2026-04-11
   price $172,900
5. 2026-04-02
   price $174,900
6. 2026-03-27
   price $179,900
7. 2026-03-20
   price $182,900
8. 2026-03-08
   listed $184,900 Active
9. 2015-05-22
   soldstatus $234,000
10. 2015-05-22
    soldstatus $234,000
11. 2015-03-10
    listed $242,000
12. 2015-03-10
    listed $242,000
13. 2008-04-16
    listed $85,000

ⓘ 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: $580 · $48/mo
• Projected year-2 tax: $688 · $57/mo
• Expected delta: +$109/yr (+$9/mo · 18.7%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,542
• − Mortgage interest: −$9,405
• − Property taxes: −$580
• − Insurance: −$840
• − Repairs & maintenance: −$1,323
• − Management: −$1,323
• − Depreciation: −$4,884
• Taxable loss: −$1,813
• Est. tax savings @ 24.0%: +$435
• After-tax cash flow: $1,519/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

+97.5% since first listed

13 events — show timeline

• 2026-05-15 Price Changed $167,900 WBR
• 2026-05-06 Price Changed $169,900 WBR
• 2026-04-16 Listed $172,900 WBR
• 2026-04-11 Price Changed $172,900 SAMLS
• 2026-04-02 Price Changed $174,900 SAMLS
• 2026-03-27 Price Changed $179,900 SAMLS
• 2026-03-20 Price Changed $182,900 SAMLS
• 2026-03-08 Listed $184,900 SAMLS
• 2015-05-22 Sold (MLS) $234,000 WBR
• 2015-05-22 Sold (MLS) $234,000 MAAR
• 2015-03-10 Listed $242,000 WBR
• 2015-03-10 Listed $242,000 MAAR
• 2008-04-16 Listed $85,000 MAAR

Property tax history

+2.5%/yr

Latest (2025): $580 · +5.7% YoY. Source: county tax records.