905 W College St · Enterprise, AL 36330

$105,500

3 bd · 1.0 ba · 2,177 sqft · SingleFamily public records · 240 Days on market

Built 1947 Good condition 0.45 ac lot $48/sqft · 37% below area Est $177k · 41% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This welcoming 3-bedroom, 2-bath home combines comfort, space, and a great location just minutes from downtown Enterprise. Set on nearly half an acre, the fenced backyard includes a handy storage building with a roll-up door and a large deck perfect for enjoying quiet mornings or weekend entertaining. Inside, the home offers both a cozy family room with a gas fireplace and a separate living room, giving you plenty of space to relax. The bright, roomy kitchen comes equipped with all appliances and abundant cabinet and counter space. A spacious walk-in mudroom off the kitchen makes everyday living easy. Two bedrooms share access to a flexible bonus room and a full bath, while the third bedroom and second bath are tucked down a private hall—ideal for guests or a quiet retreat.

Key facts

• 0.45 acre lot
• Garage
• Built 1947

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $106k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $895 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $106k).
• Recommended offer: $93k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.5% 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); 568 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 137 units permitted in Coffee County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($76k/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 $729 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $30k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 240 days — a 12% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
• 23 sale attempts since 22y ago; this cycle's ask has dropped $90k (46%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• 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 $92,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 240 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.87% ✓
• Cap rate: 16.48%
• Cash-on-cash: 36.37%
• DSCR: 2.62
• GRM: 4.5

CMA / ARV

• ARV (median comp): $177,496
• List price: $105,500
• Delta: -40.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
514 Fleming St	0.41mi	4/2.0 (+1)	2,080 (-4%)	5mo	$169,000	$81	60
404 Glenn St	0.46mi	3/3.0	2,244 (+3%)	8mo	$185,000	$82	59
102 Glenn St	0.31mi	3/2.0	1,944 (-11%)	10mo	$217,500	$112	55
505 W College St	0.45mi	3/2.0	1,968 (-10%)	6mo	$237,500	$121	54
705 W Lee St	0.20mi	4/2.0 (+1)	2,488 (+14%)	6mo	$267,000	$107	52
613 W College St	0.31mi	3/2.5	1,876 (-14%)	6mo	$195,000	$104	52
221 Masters Cir	0.65mi	4/2.0 (+1)	2,101 (-4%)	4mo	$395,000	$188	51
225 Masters Cir	0.67mi	4/2.5 (+1)	2,060 (-5%)	6mo	$385,000	$187	44
702 W Lee St	0.24mi	4/3.0 (+1)	2,462 (+13%)	12mo	$320,000	$130	44
235 Masters Cir	0.73mi	4/2.5 (+1)	2,060 (-5%)	4mo	$418,950	$203	42
304 W College St	0.63mi	3/2.0	1,933 (-11%)	11mo	$245,000	$127	38
217 Masters Cir	0.68mi	4/2.0 (+1)	2,061 (-5%)	14mo	$374,000	$181	38

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: 33.1%
• Equity multiple: 2.41×
• Total profit: $41,762
• Equity at exit: $15,730

10-year hold

• IRR: 40.6%
• Equity multiple: 4.98×
• Total profit: $117,457
• Equity at exit: $9,122

Cash invested: $29,540 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 17 active · 10 under contract
• Months of supply: 5.7 mo (18%/mo absorbed)
• Median asking: $321,842 ($174/sqft)
• Median days on market: 59 d
• This list price: lowest-priced of the active set
• ARV vs active asking: -53.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 36330

• Home prices YoY: -19.4%
• Rents YoY: 3.9%
• Active inventory: 568
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,973 medium
• Mortgage (P&I): −$553
• Tax from tax record: −$66 /mo · $795/yr
• Insurance: −$44
• HOA: −$0
• Vacancy / Maint / Mgmt: −$414
• Net cashflow: $895

Break-even live

Break-even rent $840

Max offer price $105,500

Occupancy floor 50%

Sensitivity live

Price	-10% $955	-5% $925	+0% $895	+5% $865	+10% $836
Rent	-10% $739	-5% $817	+0% $895	+5% $973	+10% $1,051
Rate	-1.0pp $948	-0.5pp $922	base $895	+0.5pp $868	+1.0pp $840

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: $26,375
• Closing costs: $3,165
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
157 Rosemount Ct Enterprise, AL	3.0	2.0	2125	$2,200	$1.04	93d	1	0.59mi
123 Rosemount Ct Enterprise, AL	3.0	2.0	2151	$2,000	$0.93	93d	1	0.62mi

Listing history 50 events

1. 2026-08-08
   days on market $105,500 Active 240 DOM
2. 2026-08-07
   statusdays on market $105,500 Active 239 DOM
3. 2026-08-06
   days on market $105,500 Active Under Contract 238 DOM
4. 2026-08-05
   statusdays on market $105,500 Active Under Contract 237 DOM
5. 2026-08-04
   days on market $105,500 Active 236 DOM
6. 2026-08-03
   days on market $105,500 Active 235 DOM
7. 2026-08-01
   price $105,500 Active 232 DOM
8. 2026-07-31
   days on market $140,400 Active 232 DOM
9. 2026-07-30
   days on market $140,400 Active 231 DOM
10. 2026-07-29
    days on market $140,400 Active 230 DOM
11. 2026-07-27
    days on market $140,400 Active 228 DOM
12. 2026-07-25
    days on market $140,400 Active 226 DOM
13. 2026-07-24
    days on market $140,400 Active 225 DOM
14. 2026-07-23
    days on market $140,400 Active 224 DOM
15. 2026-07-22
    days on market $140,400 Active 223 DOM
16. 2026-07-21
    days on market $140,400 Active 222 DOM
17. 2026-07-18
    days on market $140,400 Active 219 DOM
18. 2026-07-17
    days on market $140,400 Active 217 DOM
19. 2026-07-16
    days on market $140,400 Active 216 DOM
20. 2026-07-14
    days on market $140,400 Active 215 DOM
21. 2026-07-13
    days on market $140,400 Active 214 DOM
22. 2026-07-12
    days on market $140,400 Active 213 DOM
23. 2026-07-11
    statusdays on market $140,400 Active 212 DOM
24. 2026-07-08
    days on market $140,400 Active Under Contract 210 DOM
25. 2026-07-07
    days on market $140,400 Active Under Contract 209 DOM
26. 2026-07-06
    days on market $140,400 Active Under Contract 208 DOM
27. 2026-07-05
    days on market $140,400 Active Under Contract 207 DOM
28. 2026-07-04
    days on market $140,400 Active Under Contract 206 DOM
29. 2026-07-03
    days on market $140,400 Active Under Contract 205 DOM
30. 2026-07-02
    days on market $140,400 Active Under Contract 204 DOM
31. 2026-07-01
    days on market $140,400 Active Under Contract 203 DOM
32. 2026-06-30
    days on market $140,400 Active Under Contract 202 DOM
33. 2026-06-29
    days on market $140,400 Active Under Contract 201 DOM
34. 2026-06-28
    days on market $140,400 Active Under Contract 200 DOM
35. 2026-06-27
    days on market $140,400 Active Under Contract 199 DOM
36. 2026-06-26
    days on market $140,400 Active Under Contract 197 DOM
37. 2026-06-22
    days on market $140,400 Active Under Contract 194 DOM
38. 2026-06-21
    days on market $140,400 Active Under Contract 193 DOM
39. 2026-06-19
    days on market $140,400 Active Under Contract 191 DOM
40. 2026-06-18
    days on market $140,400 Active Under Contract 190 DOM
41. 2026-06-17
    days on market $140,400 Active Under Contract 189 DOM
42. 2026-06-16
    days on market $140,400 Active Under Contract 188 DOM
43. 2026-06-15
    days on market $140,400 Active Under Contract 187 DOM
44. 2026-06-14
    days on market $140,400 Active Under Contract 185 DOM
45. 2026-06-12
    days on market $140,400 Active Under Contract 184 DOM
46. 2026-06-09
    days on market $140,400 Active Under Contract 181 DOM
47. 2026-06-08
    days on market $140,400 Active Under Contract 180 DOM
48. 2026-06-07
    days on market $140,400 Active Under Contract 179 DOM
49. 2026-06-05
    days on market $140,400 Active Under Contract 176 DOM
50. 2026-06-03
    days on market $140,400 Active Under Contract 175 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: $795 · $66/mo
• Projected year-2 tax: $795 · $66/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 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: $23,678
• − Mortgage interest: −$5,910
• − Property taxes: −$795
• − Insurance: −$528
• − Repairs & maintenance: −$1,894
• − Management: −$1,894
• − Depreciation: −$3,069
• Taxable income: $9,588
• Est. tax owed @ 24.0%: −$2,301
• After-tax cash flow: $8,443/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

Good 75/100 Cosmetic rehab Est. rehab $10,885–$32,655 screening

This 3-bedroom, 2-bath home is in good condition with fresh paint and well-maintained landscaping. Minor touch-ups and landscaping improvements would further enhance its value.

Deferred maintenance Est. $50,000–$150,000 screening

• Major Roof (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — Roof appears old and damaged
• Major Exterior (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — Exterior siding appears worn and damaged
• Major Windows (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — Windows appear old and may need replacement
• Major Electrical (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — Electrical panel appears old and may need replacement
• Major Plumbing (roof|hvac|water heater|windows|electrical|plumbing|exterior|other) — Plumbing fixtures appear old and may need replacement

Value-add opportunities

• Both Paint touch-ups — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping — Well-maintained landscaping improves curb appeal and adds value ↑
• Both Fence maintenance — A well-maintained fence enhances safety and property value ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 38/100

Zoned Schools

Elementary Brookwood Elementary School Middle Coppinville School F AL #53/257 Nat'l #5,602/14,009 High Enterprise High School F AL #45/305 Nat'l #9,497/17,239

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

C Composite livability gradescore 65/100

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 · 53,133 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: 5% of renters

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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%

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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%

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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

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Price history

+59.7% since first listed

34 events — show timeline

• 2026-04-24 Relisted — SAMLS
• 2026-03-30 Contingent — SAMLS
• 2026-03-27 Price Changed $140,400 SAMLS
• 2026-03-11 Relisted — SAMLS
• 2026-02-25 Price Changed $156,000 SAMLS
• 2026-01-24 Price Changed $175,500 SAMLS
• 2025-12-11 Listed $195,000 SAMLS
• 2024-06-21 Price Changed $165,000 WBR
• 2024-03-22 Relisted — WBR
• 2024-03-08 Contingent — WBR
• 2024-02-12 Listed $160,000 WBR
• 2023-10-11 Listed $160,000 SAMLS
• 2023-10-11 Listed $160,000 WBR
• 2021-05-06 Sold (Public Records) $155,000 Public Records
• 2021-05-03 Sold (MLS) $155,000 MAAR
• 2021-05-03 Sold (MLS) $155,000 WBR
• 2021-03-19 Listed $165,000 MAAR
• 2021-03-19 Listed $165,000 WBR
• 2014-08-20 Listed $129,000 MAAR
• 2014-08-20 Listed $129,000 WBR
• 2014-01-30 Listed $132,500 MAAR
• 2014-01-30 Listed $132,500 WBR
• 2013-05-26 Listed $140,000 MAAR
• 2013-05-26 Listed $140,000 WBR
• 2011-11-19 Listed $150,000 WBR
• 2011-11-19 Listed $150,000 MAAR
• 2011-04-04 Listed $157,000 MAAR
• 2011-04-04 Listed $157,000 WBR
• 2009-12-21 Sold (MLS) $125,000 MAAR
• 2009-11-18 Listed $125,000 MAAR
• 2009-03-16 Listed $127,900 WBR
• 2009-03-16 Listed $127,900 MAAR
• 2004-09-09 Sold (MLS) $88,000 MAAR
• 2004-08-03 Listed $87,900 MAAR

Property tax history

+3.5%/yr

Latest (2025): $795 · +6.8% YoY. Source: county tax records.