215 W Palm Ave · Foley, AL 36535

$268,900

3 bd · 1.0 ba · 1,748 sqft · SingleFamily public records · 368 Days on market

Built 1966 0.51 ac lot $154/sqft · 7% below area Est $289k · 7% under

---

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 +12.1/30.0
• ARV discount +10.6/15.0
• Schools +3.9/10.0
• DSCR +3.6/10.0
• Livability +3.1/5.0
• Rent growth +3.0/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming brick home nestled in the North Foley area—where convenience, comfort, and space meet! Situated on a spacious half-acre double lot (150' x 147'), this well-maintained one-story residence offers 1,748 sq ft of living space with 3 bedrooms and 2 full baths. Enter inside to discover a huge 24' x 19' great room with a cozy fireplace. The living and dining room combination provides ample space for gatherings, and the kitchen is equipped with granite countertops and abundant cabinetry, making meal prep a breeze. The backyard is fully fenced and beautifully landscaped, offering privacy, shade, and a tranquil outdoor retreat. Whether you're gardening, grilling, or playing with pets, this space is ready to enjoy. Additional features include a metal roof that was re-screwed in 2024, rear-entry single garage, and no HOA fees. Located just minutes from downtown Foley, South Baldwin Regional Medical Center, shopping, and dining, this home is in a prime location that’s both peaceful and practical. Don’t miss this rare opportunity to own a spacious, landscaped property in one of Foley’s most sought-after neighborhoods! Information is deemed correct but should be verified. Buyer to verify all information during due diligence.

Key facts

• Half-acre double lot
• Brick home
• Abundant cabinetry

Tags

• BRICK HOME
• HALF-ACRE DOUBLE LOT
• GREAT ROOM
• GRANITE COUNTERTOPS
• ABUNDANT CABINETRY
• FULLY FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $269k.

Deal economics

• At list price, monthly cash flow is $-61 ($-732/yr) — negative.
• To cash-flow at today's rent, offer at most $258k (4.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $204k (24.1% below list).
• Recommended offer: $204k (24.1% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.0% in Foley — 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 (#241 in AL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, crime B; Watch: schools D+, employment D+, amenities F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.8%/yr); 875 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 47% of comp listings sitting > 30 days — soft ceiling on asking rent; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).
• This rent runs 37% of the median local income ($67k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 368 days — a 12% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 16y ago; this cycle's ask has dropped $50k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; list at $269k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $204,151 (24.1% 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 368 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.76% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.97%
• DSCR: 0.96
• GRM: 11.0

CMA / ARV

• ARV (median comp): $288,579
• List price: $268,900
• Delta: -6.82%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1464 Surrey Loop	0.37mi	3/2.0	1,756 (+0%)	2mo	$262,500	$149	76
1500 N Cedar St	0.31mi	3/2.0	1,680 (-4%)	1mo	$235,000	$140	74
1234 Surrey Loop	0.46mi	3/2.0	1,787 (+2%)	2mo	$270,000	$151	69
1375 Surrey Loop	0.55mi	3/2.0	1,745 (-0%)	3mo	$318,000	$182	68
117 Pennbrooke Loop	0.54mi	3/2.0	1,760 (+1%)	3mo	$275,000	$156	67
129 Pennbrooke Loop	0.53mi	3/2.0	1,663 (-5%)	1mo	$270,000	$162	62
101 Washington Blvd	0.59mi	3/2.0	1,801 (+3%)	2mo	$324,000	$180	62
1483 Majesty Loop	0.73mi	3/2.0	1,668 (-5%)	4mo	$274,500	$165	51
1305 Majesty Loop	0.73mi	4/2.0 (+1)	1,830 (+5%)	2mo	$270,000	$148	48
1 Yupon Cir	0.61mi	2/2.0 (-1)	1,623 (-7%)	4mo	$205,000	$126	47
220 W Spruce Ave	0.54mi	4/2.0 (+1)	1,987 (+14%)	0mo	$257,500	$130	43
1760 Abbey Loop	0.67mi	4/2.0 (+1)	1,497 (-14%)	4mo	$237,500	$159	33

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 · 1.81% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.34×
• Total profit: $-49,959
• Equity at exit: $40,094

10-year hold

• IRR: -14.2%
• Equity multiple: 0.22×
• Total profit: $-58,522
• Equity at exit: $23,250

Cash invested: $75,292 (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 36535

• Home prices YoY: -24.9%
• Rents YoY: 1.8%
• Active inventory: 875
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,042 high
• Mortgage (P&I): −$1,410
• Tax from tax record: −$152 /mo · $1,820/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $-61

Break-even live

Break-even rent $2,119

Max offer price $258,120

Occupancy floor 98%

Sensitivity live

Price	-10% $91	-5% $15	+0% $-61	+5% $-137	+10% $-213
Rent	-10% $-222	-5% $-142	+0% $-61	+5% $20	+10% $100
Rate	-1.0pp $74	-0.5pp $7	base $-61	+0.5pp $-131	+1.0pp $-202

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: $67,225
• Closing costs: $8,067
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1701 Woodbridge Cir E Foley, AL	3.0	2.0	1622	$2,000	$1.23	14d	1	0.34mi
1924 N Pine St Foley, AL	3.0	2.0	1630	$1,600	$0.98	21d	1	0.58mi
1481 Majesty Loop Foley, AL	4.0	2.0	1820	$2,200	$1.21	14d	1	0.71mi
1487 Majesty Loop Foley, AL	4.0	2.0	1820	$2,200	$1.21	14d	1	0.71mi
931 Gibson Ct Foley, AL	3.0	2.0	1648	$2,000	$1.21	14d	1	0.79mi
216 W Rose Ave Foley, AL	4.0	2.0	2000	$2,200	$1.10	44d	1	0.83mi
1802 Cashew Cir Foley, AL	2.0–5.0	2.0–2.5	1702	$2,084	$1.22	44d	1	0.96mi
525 W Rose Ave Unit Na Foley, AL	4.0	2.0	1692	$1,800	$1.06	44d	1	1.00mi
527 W Rose Ave Foley, AL	4.0	2.0	1700	$1,850	$1.09	44d	1	1.01mi
825 Ginger Lee St Foley, AL	4.0	2.0	1848	$1,995	$1.08	44d	1	1.26mi
106 S Beech St Foley, AL	2.0	2.0	1638	$1,400	$0.85	21d	1	1.26mi
116 S Elm St Unit 116 Foley, AL	3.0	2.0	1125	$1,350	$1.20	45d	1	1.31mi
14746 Dayton Cir Foley, AL	4.0	2.0	1800	$2,300	$1.28	44d	1	1.31mi
14654 Dayton Cir Foley, AL	4.0	2.0	1791	$2,300	$1.28	21d	1	1.33mi
14843 Dayton Cir Foley, AL	4.0	2.0	1791	$2,400	$1.34	14d	1	1.39mi
14836 Dayton Cir Foley, AL	4.0	2.0	1791	$2,400	$1.34	21d	1	1.39mi
503 S Cedar St Foley, AL	2.0	2.0	1200	$1,600	$1.33	44d	1	1.47mi

Listing history 24 events

1. 2026-06-19
   days on market $268,900 Active 368 DOM
2. 2026-06-18
   days on market $268,900 Active 367 DOM
3. 2026-06-17
   days on market $268,900 Active 366 DOM
4. 2026-06-16
   days on market $268,900 Active 365 DOM
5. 2026-06-15
   days on market $268,900 Active 364 DOM
6. 2026-06-14
   days on market $268,900 Active 362 DOM
7. 2026-06-13
   days on market $268,900 Active 361 DOM
8. 2026-06-10
   days on market $268,900 Active 359 DOM
9. 2026-06-09
   days on market $268,900 Active 358 DOM
10. 2026-06-08
    days on market $268,900 Active 357 DOM
11. 2026-06-07
    days on market $268,900 Active 356 DOM
12. 2026-06-03
    days on market $268,900 Active 352 DOM
13. 2026-06-02
    days on market $268,900 Active 351 DOM
14. 2026-06-01
    days on market $268,900 Active 350 DOM
15. 2026-05-31
    days on market $268,900 Active 349 DOM
16. 2026-05-30
    days on market $268,900 Active 348 DOM
17. 2025-12-31
    price $289,000 1278-char remark

    Show marketing remark (1278 chars)

    Welcome to this charming brick home nestled in the North Foley area—where convenience, comfort, and space meet! Situated on a spacious half-acre double lot (150' x 147'), this well-maintained one-story residence offers 1,748 sq ft of living space with 3 bedrooms and 2 full baths. Enter inside to discover a huge 24' x 19' great room with a cozy fireplace. The living and dining room combination provides ample space for gatherings, and the kitchen is equipped with granite countertops and abundant cabinetry, making meal prep a breeze. The backyard is fully fenced and beautifully landscaped, offering privacy, shade, and a tranquil outdoor retreat. Whether you're gardening, grilling, or playing with pets, this space is ready to enjoy. Additional features include a metal roof that was re-screwed in 2024, rear-entry single garage, and no HOA fees. Located just minutes from downtown Foley, South Baldwin Regional Medical Center, shopping, and dining, this home is in a prime location that’s both peaceful and practical. Don’t miss this rare opportunity to own a spacious, landscaped property in one of Foley’s most sought-after neighborhoods! Information is deemed correct but should be verified. Buyer to verify all information during due diligence.

18. 2025-12-31
    price $289,000 1278-char remark

    Show marketing remark (1278 chars)

    Welcome to this charming brick home nestled in the North Foley area—where convenience, comfort, and space meet! Situated on a spacious half-acre double lot (150' x 147'), this well-maintained one-story residence offers 1,748 sq ft of living space with 3 bedrooms and 2 full baths. Enter inside to discover a huge 24' x 19' great room with a cozy fireplace. The living and dining room combination provides ample space for gatherings, and the kitchen is equipped with granite countertops and abundant cabinetry, making meal prep a breeze. The backyard is fully fenced and beautifully landscaped, offering privacy, shade, and a tranquil outdoor retreat. Whether you're gardening, grilling, or playing with pets, this space is ready to enjoy. Additional features include a metal roof that was re-screwed in 2024, rear-entry single garage, and no HOA fees. Located just minutes from downtown Foley, South Baldwin Regional Medical Center, shopping, and dining, this home is in a prime location that’s both peaceful and practical. Don’t miss this rare opportunity to own a spacious, landscaped property in one of Foley’s most sought-after neighborhoods! Information is deemed correct but should be verified. Buyer to verify all information during due diligence.

19. 2025-06-16
    listed $318,900 Active 1278-char remark

    Show marketing remark (1278 chars)

    Welcome to this charming brick home nestled in the North Foley area—where convenience, comfort, and space meet! Situated on a spacious half-acre double lot (150' x 147'), this well-maintained one-story residence offers 1,748 sq ft of living space with 3 bedrooms and 2 full baths. Enter inside to discover a huge 24' x 19' great room with a cozy fireplace. The living and dining room combination provides ample space for gatherings, and the kitchen is equipped with granite countertops and abundant cabinetry, making meal prep a breeze. The backyard is fully fenced and beautifully landscaped, offering privacy, shade, and a tranquil outdoor retreat. Whether you're gardening, grilling, or playing with pets, this space is ready to enjoy. Additional features include a metal roof that was re-screwed in 2024, rear-entry single garage, and no HOA fees. Located just minutes from downtown Foley, South Baldwin Regional Medical Center, shopping, and dining, this home is in a prime location that’s both peaceful and practical. Don’t miss this rare opportunity to own a spacious, landscaped property in one of Foley’s most sought-after neighborhoods! Information is deemed correct but should be verified. Buyer to verify all information during due diligence.

20. 2025-06-16
    listed $318,900 Active 1278-char remark

    Show marketing remark (1278 chars)

    Welcome to this charming brick home nestled in the North Foley area—where convenience, comfort, and space meet! Situated on a spacious half-acre double lot (150' x 147'), this well-maintained one-story residence offers 1,748 sq ft of living space with 3 bedrooms and 2 full baths. Enter inside to discover a huge 24' x 19' great room with a cozy fireplace. The living and dining room combination provides ample space for gatherings, and the kitchen is equipped with granite countertops and abundant cabinetry, making meal prep a breeze. The backyard is fully fenced and beautifully landscaped, offering privacy, shade, and a tranquil outdoor retreat. Whether you're gardening, grilling, or playing with pets, this space is ready to enjoy. Additional features include a metal roof that was re-screwed in 2024, rear-entry single garage, and no HOA fees. Located just minutes from downtown Foley, South Baldwin Regional Medical Center, shopping, and dining, this home is in a prime location that’s both peaceful and practical. Don’t miss this rare opportunity to own a spacious, landscaped property in one of Foley’s most sought-after neighborhoods! Information is deemed correct but should be verified. Buyer to verify all information during due diligence.

21. 2010-07-27
    soldstatus $130,000
22. 2010-07-26
    soldstatus $130,000
23. 2010-05-27
    listed $145,000
24. 2002-05-15
    soldstatus $129,500

ⓘ 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: $1,820 · $152/mo
• Projected year-2 tax: $1,820 · $152/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 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,498
• − Mortgage interest: −$15,063
• − Property taxes: −$1,820
• − Insurance: −$1,344
• − Repairs & maintenance: −$1,960
• − Management: −$1,960
• − Depreciation: −$7,823
• Taxable loss: −$5,471
• Est. tax savings @ 24.0%: +$1,313
• After-tax cash flow: $581/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Foley

• Score: 61/100
• State rank: #241
• US rank: #17616

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Foley, AL
• County: Baldwin County · 181,514 people
• City population: 40,628
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 40,628
• Household income: $66,714
• Rent vs Own: 22.6% rent · 77.4% own
• Severe rent burden: 803.0

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 10% Two or more races 8% Black 5% Asian 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 89% English-only · Spanish 7% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.82%
• Current HPI: 262.2796
• Rent YoY: ▲ 1.81%
• Metro: Daphne-Fairhope-Foley, 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

+123.2% since first listed

8 events — show timeline

• 2025-12-31 Price Changed $289,000 GCMLS AL
• 2025-12-31 Price Changed $289,000 BCAR
• 2025-06-16 Listed $318,900 GCMLS AL
• 2025-06-16 Listed $318,900 BCAR
• 2010-07-27 Sold (Public Records) $130,000 Public Records
• 2010-07-26 Sold (MLS) $130,000 BCAR
• 2010-05-27 Listed $145,000 BCAR
• 2002-05-15 Sold (Public Records) $129,500 Public Records

Property tax history

+7.0%/yr

Latest (2025): $1,820 · +3.5% YoY. Source: county tax records.