2900 Celestial Dr · Hartselle, AL 35640

$188,812

3 bd · 1.0 ba · 1,525 sqft · SingleFamily public records · 5 Days on market

Built 1976 0.36 ac lot Est $282k · 33% under

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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 +25.2/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +5.3/10.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Coming Soon-Charming one-level home offering 3 bedrooms and 2 baths with endless potential! The spacious layout features a unique double-sided fireplace that creates a warm focal point between living spaces, adding character and comfort throughout. A detached garage provides extra storage, workspace, or parking flexibility. Generous room sizes and a functional floor plan offer a great opportunity to personalize and make this home your own. Whether you're looking for your next residence, an investment property, or a renovation project, this property presents exceptional possibilities. Conveniently designed for easy single-level living, this home is ready for your vision and finishing touches

Key facts

• Spacious layout
• Detached garage
• 0.36 acre lot

Tags

• DOUBLE-SIDED FIREPLACE
• DETACHED GARAGE
• SPACIOUS LAYOUT
• FUNCTIONAL FLOOR PLAN

Property features AI

Finance

• Other: Living area listed as 1,481 square feet
• HOA & community: No homeowners association; Subdivision: South Park Estates

Exterior

• Parking: Detached two-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Residential property; Built in 1976; One story
• Construction: Stone construction; Slab foundation
• Exterior features: Public water; Public sewer; Lot approximately 100 x 156

Interior

• Bedrooms: 6 total rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: One-level living; Fireplace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $424 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $189k).
• Cap rate 9.0% vs local median 4.1% in Hartselle — 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 72/100 on livability (#32 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Hartselle City (other): math 41% / reading 64% proficiency, ranked #10 of 129 in AL (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Barkley Bridge Elementary School (math 67% / reading 87%, grade A, #10 of 627 statewide, top 2%, 460 students, 31% FRL); Hartselle Junior High School (math 33% / reading 63%, grade C-, #29 of 257 statewide, top 12%, 527 students, 38% FRL); Hartselle High School (math 44% / reading 48%, grade D-, #18 of 305 statewide, top 6%, 1,031 students, 34% FRL).
• Market conditions: 193 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 231 units permitted in Morgan 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 $6k of value loss. Plan a longer hold.
• Morgan County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $70k; list at $189k implies a 170% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $188,812

Questions for the listing agent

1. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.03% ✓
• Cap rate: 8.99%
• Cash-on-cash: 9.62%
• DSCR: 1.43
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $282,125
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
406 Walker Rd SW	0.07mi	3/2.0	1,514 (-1%)	12mo	$234,000	$155	81
514 Wolf Trce	0.39mi	3/2.0	1,537 (+1%)	0mo	$285,000	$185	76
538 Wolf Trce	0.34mi	3/2.0	1,537 (+1%)	4mo	$283,993	$185	75
303 Sunset St	0.29mi	4/1.5 (+1)	1,550 (+2%)	12mo	$252,000	$163	66
518 Wolf Trce	0.36mi	4/2.0 (+1)	1,497 (-2%)	9mo	$283,000	$189	64
405 Sobotka St	0.41mi	3/2.5	1,653 (+8%)	1mo	$235,500	$142	60
511 Raccoon Way	0.34mi	4/2.0 (+1)	1,570 (+3%)	12mo	$295,000	$188	60
612 Fairlane Dr SW	0.64mi	3/2.0	1,503 (-1%)	9mo	$225,000	$150	56
628 Magnolia Place Ln SW	0.64mi	3/2.0	1,540 (+1%)	10mo	$265,000	$172	56
507 Raccoon Way	0.34mi	3/2.0	1,316 (-14%)	2mo	$255,531	$194	56
600 Magnolia Place Ln SW	0.50mi	3/2.0	1,620 (+6%)	11mo	$299,900	$185	53
3209 Old Hwy 31 SW	0.69mi	2/2.0 (-1)	1,415 (-7%)	3mo	$260,000	$184	44

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -1.8%
• Equity multiple: 0.93×
• Total profit: $-3,689
• Equity at exit: $28,152

10-year hold

• IRR: 7.8%
• Equity multiple: 1.59×
• Total profit: $31,194
• Equity at exit: $16,325

Cash invested: $52,867 (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 35640

• Home prices YoY: -13.6%
• Active inventory: 193
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,950 medium
• Mortgage (P&I): −$990
• Tax from tax record: −$48 /mo · $574/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $424

Break-even live

Break-even rent $1,414

Max offer price $188,812

Occupancy floor 73%

Sensitivity live

Price	-10% $531	-5% $477	+0% $424	+5% $370	+10% $317
Rent	-10% $270	-5% $347	+0% $424	+5% $501	+10% $578
Rate	-1.0pp $519	-0.5pp $472	base $424	+0.5pp $375	+1.0pp $325

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: $47,203
• Closing costs: $5,664
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
538 Wolf Trace Ln SW Hartselle, AL	3.0	2.0	1537	$1,950	$1.27	24d	1	0.31mi

Listing history 5 events

1. 2026-06-21
   statusdays on market $188,812 Contingent 5 DOM
2. 2026-06-19
   days on market $188,812 Active 3 DOM
3. 2026-06-18
   days on market $188,812 Active 2 DOM
4. 2026-06-17
   remarks 699-char remark
5. 2026-06-17
   listed $188,812 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: $574 · $48/mo
• Projected year-2 tax: $774 · $65/mo
• Expected delta: +$200/yr (+$17/mo · 34.8%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,400
• − Mortgage interest: −$10,576
• − Property taxes: −$574
• − Insurance: −$944
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$5,493
• Taxable income: $2,068
• Est. tax owed @ 24.0%: −$496
• After-tax cash flow: $4,589/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: Hartselle City
• NCES district ID: 0101730
• Math proficiency: 41% ▼ -25.00%
• Reading proficiency: 64% ▼ -1.00%
• Median HH income: $51,169
• Composite: 44.88/100
• National rank: #2717
• State rank: #10 of 129 in AL

Livability — Hartselle

• Score: 72/100
• State rank: #32
• US rank: #6515

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartselle, AL
• City population: 26,976
• Population (ZIP): 26,976

Population outlook (Morgan County) Hauer SSP2

• Today (2025): 118,775 people
• By 2030: 116,979 · -1.5%
• By 2040: 111,800 · -5.9%
• By 2050: 105,181 · -11.4%
• By 2075: 87,736 · -26.1%
• By 2100: 67,624 · -43.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 5% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Morgan

• 2024 margin: Solid R (+52.6) · D 23.2% · R 75.8%
• 2008→2024 swing: -8.8pp toward R · 2008: -43.8pp · 2024: -52.6pp
• All cycles: 2024: R+52.6 2020: R+49.2 2016: R+52.4 2012: R+44.5 2008: R+43.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.12%
• Current HPI: 242.5778
• Rent YoY: —
• Metro: —
• 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

+169.7% since first listed

2 events — show timeline

• 2026-06-17 Listed $188,812 VMLS
• 2000-03-23 Sold (Public Records) $70,000 Public Records