344 Depot St · Midway, AL 36053

$91,500

2 bd · 1.0 ba · 1,120 sqft · SingleFamily · 457 Days on market

Built 1958 Fair condition 2.90 ac lot ↓ 30% since listing

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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 +22.2/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.8/10.0
• Appreciation +5.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Livability +2.1/5.0
• Schools +1.8/10.0

Listing remarks MLS

Nestled on a spacious 2.9-acre lot, this nice 2-bedroom, 1-bathroom home offers a world of possibilities. While the home may need some tender loving care, it presents a wonderful canvas for those looking to personalize or even expand in the future. Inside, you’ll be greeted by beautiful hardwood floors, a cozy living room, and a convenient dining area adjacent to the kitchen. The expansive lot provides plenty of room to make your vision come to life and create your dream home. Sold as-is, this property is an incredible opportunity you won’t want to miss! Contact us today to schedule a viewing and discover all the potential this home has to offer.

Key facts

• Expansive lot
• Cozy living room
• Hardwood floors

Tags

• SPACIOUS 2.9-ACRE LOT
• HARDWOOD FLOORS
• COZY LIVING ROOM
• EXPANSIVE LOT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $92k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $148 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($988 rent vs $92k).
• Recommended offer: $81k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 41/100 on livability (#568 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute F.
• Bullock County (town): math 18% / reading 17% proficiency, ranked #130 of 133 in AL (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 85% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 6 active listings in the ZIP.

Forward outlook

• In year one you build about $1k of equity ($633 loan paydown + $543 appreciation (0.6% local appreciation)).
• Bullock County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.6% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 457 days — a 12% lower offer ($81k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y 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

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; 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 $80,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 457 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1958 — 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 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?
7. 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.
8. 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.
9. 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: 1.08% ✓
• Cap rate: 8.24%
• Cash-on-cash: 6.95%
• DSCR: 1.31
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

0.59% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 7.4%
• Equity multiple: 1.37×
• Total profit: $9,365
• Equity at exit: $29,315

10-year hold

• IRR: 11.9%
• Equity multiple: 2.38×
• Total profit: $35,375
• Equity at exit: $37,511

Cash invested: $25,620 (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 36053

• Home prices YoY: 0.6%
• Active inventory: 6
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $988 medium
• Mortgage (P&I): −$480
• Tax est. 1.5%: −$114 /mo · $1,372/yr
• Insurance: −$38
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $148

Break-even live

Break-even rent $800

Max offer price $91,500

Occupancy floor 80%

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: $22,875
• Closing costs: $2,745
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-19
   days on market $91,500 Active 457 DOM
2. 2026-06-18
   days on market $91,500 Active 456 DOM
3. 2026-06-17
   days on market $91,500 Active 455 DOM
4. 2026-06-16
   days on market $91,500 Active 454 DOM
5. 2026-06-15
   days on market $91,500 Active 453 DOM
6. 2026-06-14
   days on market $91,500 Active 451 DOM
7. 2026-06-12
   days on market $91,500 Active 450 DOM
8. 2026-06-09
   days on market $91,500 Active 447 DOM
9. 2026-06-08
   days on market $91,500 Active 446 DOM
10. 2026-06-07
    days on market $91,500 Active 445 DOM
11. 2026-06-05
    days on market $91,500 Active 443 DOM
12. 2026-06-04
    days on market $91,500 Active 441 DOM
13. 2026-06-02
    days on market $91,500 Active 440 DOM
14. 2026-06-01
    days on market $91,500 Active 439 DOM
15. 2026-05-31
    days on market $91,500 Active 438 DOM
16. 2026-05-31
    days on market $91,500 Active 437 DOM
17. 2025-12-18
    status Active 671-char remark

    Show marketing remark (671 chars)

    Nestled on a spacious 2.9-acre lot, this nice 2-bedroom, 1-bathroom home offers a world of possibilities. While the home may need some tender loving care, it presents a wonderful canvas for those looking to personalize or even expand in the future. Inside, you’ll be greeted by beautiful hardwood floors, a cozy living room, and a convenient dining area adjacent to the kitchen. The expansive lot provides plenty of room to make your vision come to life and create your dream home. Sold as-is, this property is an incredible opportunity you won’t want to miss! Contact us today to schedule a viewing and discover all the potential this home has to offer.

18. 2025-11-22
    price $91,500 671-char remark

    Show marketing remark (671 chars)

    Nestled on a spacious 2.9-acre lot, this nice 2-bedroom, 1-bathroom home offers a world of possibilities. While the home may need some tender loving care, it presents a wonderful canvas for those looking to personalize or even expand in the future. Inside, you’ll be greeted by beautiful hardwood floors, a cozy living room, and a convenient dining area adjacent to the kitchen. The expansive lot provides plenty of room to make your vision come to life and create your dream home. Sold as-is, this property is an incredible opportunity you won’t want to miss! Contact us today to schedule a viewing and discover all the potential this home has to offer.

19. 2025-08-11
    price $92,500 671-char remark

    Show marketing remark (671 chars)

    Nestled on a spacious 2.9-acre lot, this nice 2-bedroom, 1-bathroom home offers a world of possibilities. While the home may need some tender loving care, it presents a wonderful canvas for those looking to personalize or even expand in the future. Inside, you’ll be greeted by beautiful hardwood floors, a cozy living room, and a convenient dining area adjacent to the kitchen. The expansive lot provides plenty of room to make your vision come to life and create your dream home. Sold as-is, this property is an incredible opportunity you won’t want to miss! Contact us today to schedule a viewing and discover all the potential this home has to offer.

20. 2025-03-17
    listed $93,000 Active 671-char remark

    Show marketing remark (671 chars)

    Nestled on a spacious 2.9-acre lot, this nice 2-bedroom, 1-bathroom home offers a world of possibilities. While the home may need some tender loving care, it presents a wonderful canvas for those looking to personalize or even expand in the future. Inside, you’ll be greeted by beautiful hardwood floors, a cozy living room, and a convenient dining area adjacent to the kitchen. The expansive lot provides plenty of room to make your vision come to life and create your dream home. Sold as-is, this property is an incredible opportunity you won’t want to miss! Contact us today to schedule a viewing and discover all the potential this home has to offer.

21. 2025-02-24
    price $93,000
22. 2024-11-19
    price $85,000
23. 2024-09-05
    listed $99,500 Active
24. 2024-05-16
    price $90,000
25. 2024-05-16
    price $90,000
26. 2024-02-22
    status Active
27. 2024-02-22
    price $105,000
28. 2024-02-22
    status Active
29. 2024-02-22
    price $105,000
30. 2023-08-31
    price $115,000
31. 2023-08-31
    price $115,000
32. 2023-08-31
    status Active
33. 2023-08-15
    historical
34. 2023-08-04
    listed $130,000 Active
35. 2023-08-03
    listed $130,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,858
• − Mortgage interest: −$5,125
• − Property taxes: −$1,372
• − Insurance: −$458
• − Repairs & maintenance: −$949
• − Management: −$949
• − Depreciation: −$2,662
• Taxable income: $343
• Est. tax owed @ 24.0%: −$82
• After-tax cash flow: $1,697/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab

This 2-bedroom, 1-bathroom home on a spacious 2.9-acre lot requires moderate renovations to improve its condition and increase its value.

Repairs flagged

• Moderate kitchen cabinets — dated and worn
• Moderate bathroom fixtures — outdated and worn
• Moderate landscaping — overgrown and needs trimming

Value-add opportunities

• Resale painting interior walls — fresh paint enhances curb appeal
• Resale replacing kitchen cabinets — new cabinets improve functionality and aesthetics
• Resale replacing bathroom fixtures — new fixtures enhance functionality and aesthetics
• Resale landscaping — trimmed landscaping enhances curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and worn	Moderate	$3,000–15,000
bathroom fixtures · outdated and worn	Moderate	$3,000–15,000
landscaping · overgrown and needs trimming	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$9,000–45,000

Value-add ROI direction

• Resale painting interior walls — fresh paint enhances curb appeal ↑
• Resale replacing kitchen cabinets — new cabinets improve functionality and aesthetics ↑
• Resale replacing bathroom fixtures — new fixtures enhance functionality and aesthetics ↑
• Resale landscaping — trimmed landscaping enhances curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Bullock County
• NCES district ID: 0100480
• Math proficiency: 18% ▲ 4.00%
• Reading proficiency: 17% ▼ -1.00%
• Median HH income: $33,373
• Composite: 17.6/100
• National rank: #14126
• State rank: #130 of 133 in AL

Livability — Midway

• Score: 41/100
• State rank: #568
• US rank: #27116

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Midway, AL
• Population (ZIP): 2,592

Population outlook (Bullock County) Hauer SSP2

• Today (2025): 9,799 people
• By 2030: 9,384 · -4.2%
• By 2040: 8,575 · -12.5%
• By 2050: 7,814 · -20.3%
• By 2075: 5,722 · -41.6%
• By 2100: 3,852 · -60.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% White 13% Two or more races 1%
• Common ancestry: Italian 2% Hispanic 1%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Bullock

• 2024 margin: Solid D (+45.8) · D 72.7% · R 26.8%
• 2008→2024 swing: -2.5pp toward R · 2008: 48.4pp · 2024: 45.8pp
• All cycles: 2024: D+45.8 2020: D+49.9 2016: D+50.9 2012: D+52.8 2008: D+48.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.59%
• Current HPI: 108.3533
• 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

-29.6% since first listed

19 events — show timeline

• 2025-12-18 Relisted — MAAR
• 2025-11-22 Price Changed $91,500 MAAR
• 2025-08-11 Price Changed $92,500 MAAR
• 2025-03-17 Listed $93,000 MAAR
• 2025-02-24 Price Changed $93,000 MAAR
• 2024-11-19 Price Changed $85,000 MAAR
• 2024-09-05 Listed $99,500 MAAR
• 2024-05-16 Price Changed $90,000 SAMLS
• 2024-05-16 Price Changed $90,000 EBOR
• 2024-02-22 Relisted — SAMLS
• 2024-02-22 Price Changed $105,000 SAMLS
• 2024-02-22 Relisted — EBOR
• 2024-02-22 Price Changed $105,000 EBOR
• 2023-08-31 Price Changed $115,000 SAMLS
• 2023-08-31 Price Changed $115,000 EBOR
• 2023-08-31 Relisted — SAMLS
• 2023-08-15 Delisted — SAMLS
• 2023-08-04 Listed $130,000 SAMLS
• 2023-08-03 Listed $130,000 EBOR