1705 Fulmer Dr · Clanton, AL 35045

$224,900

4 bd · 3.0 ba · 2,316 sqft · SingleFamily public records · 216 Days on market

Built 1900 $97/sqft · 22% below area Est $288k · 22% under

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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).

• ARV discount +15.0/15.0
• Cash flow +12.2/30.0
• DSCR +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Large and spacious 4 or 5 br, 3 full baths on large corner lot convenient to shopping, schools and I-65. Beautiful hardwood floors, tons of closets, nice laundry room. 10'x20' storage building has been insulated, sheet rock and wired. There are all kinds of fruit trees , pear, apple, plum. pecan and a grape vine. There's also a storm cellar in the back yard. This is like living in the country but in town. . Call to see today!!

Key facts

• Large corner lot
• Laundry room
• Storage building

Tags

• LARGE CORNER LOT
• HARDWOOD FLOORS
• LAUNDRY ROOM
• STORAGE BUILDING
• FRUIT TREES
• STORM CELLAR

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-44 ($-532/yr) — negative.
• To cash-flow at today's rent, offer at most $217k (3.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $161k (28.5% below list).
• Recommended offer: $161k (28.5% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.4% in Clanton — 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 (#259 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime D-, amenities F.
• Chilton County (rural): math 15% / reading 34% proficiency, ranked #94 of 129 in AL (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 125 active listings in the ZIP; 25 units permitted in Chilton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Chilton County population projected at -10% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 216 days — a 12% lower offer ($198k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y 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.
• Current owner paid $30k; list at $225k implies a 650% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 61% 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 $160,898 (28.5% 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 216 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Built in 1900 — 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. Crime grade is D 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.72% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 11.6

CMA / ARV

• ARV (median comp): $288,014
• List price: $224,900
• Delta: -21.91%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
109 Shenandoah Dr	0.44mi	3/3.0 (-1)	2,300 (-1%)	15mo	$280,000	$122	61
914 Wilson Rd	0.43mi	4/2.0	2,110 (-9%)	2mo	$370,000	$175	59
34 Creekwood Dr #2	0.61mi	3/2.5 (-1)	2,369 (+2%)	7mo	$415,000	$175	55
100 Camille Ct	0.61mi	3/3.0 (-1)	2,256 (-3%)	10mo	$275,000	$122	54
105 Campbell Rd	0.28mi	3/2.0 (-1)	2,001 (-14%)	8mo	$290,000	$145	48
34 Creekwood Dr	0.61mi	3/2.5 (-1)	2,538 (+10%)	7mo	$415,000	$164	42

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: -17.8%
• Equity multiple: 0.37×
• Total profit: $-39,388
• Equity at exit: $33,533

10-year hold

• IRR: -10.0%
• Equity multiple: 0.39×
• Total profit: $-38,430
• Equity at exit: $19,445

Cash invested: $62,972 (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 35045

• Home prices YoY: -25.8%
• Active inventory: 125
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,609 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$42 /mo · $508/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $-44

Break-even live

Break-even rent $1,665

Max offer price $217,072

Occupancy floor 98%

Sensitivity live

Price	-10% $83	-5% $19	+0% $-44	+5% $-108	+10% $-172
Rent	-10% $-171	-5% $-108	+0% $-44	+5% $19	+10% $83
Rate	-1.0pp $69	-0.5pp $13	base $-44	+0.5pp $-103	+1.0pp $-162

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $224,900 Active 216 DOM
2. 2026-06-17
   days on market $224,900 Active 215 DOM
3. 2026-06-16
   days on market $224,900 Active 214 DOM
4. 2026-06-15
   days on market $224,900 Active 213 DOM
5. 2026-06-13
   days on market $224,900 Active 211 DOM
6. 2026-06-13
   days on market $224,900 Active 210 DOM
7. 2026-06-10
   days on market $224,900 Active 208 DOM
8. 2026-06-09
   days on market $224,900 Active 207 DOM
9. 2026-06-08
   days on market $224,900 Active 206 DOM
10. 2026-06-07
    days on market $224,900 Active 205 DOM
11. 2026-06-03
    days on market $224,900 Active 201 DOM
12. 2026-06-02
    days on market $224,900 Active 200 DOM
13. 2026-06-01
    days on market $224,900 Active 199 DOM
14. 2026-05-31
    days on market $224,900 Active 198 DOM
15. 2026-01-10
    price $224,900 431-char remark

    Show marketing remark (431 chars)

    Large and spacious 4 or 5 br, 3 full baths on large corner lot convenient to shopping, schools and I-65. Beautiful hardwood floors, tons of closets, nice laundry room. 10'x20' storage building has been insulated, sheet rock and wired. There are all kinds of fruit trees , pear, apple, plum. pecan and a grape vine. There's also a storm cellar in the back yard. This is like living in the country but in town. . Call to see today!!

16. 2026-01-09
    status Active 431-char remark

    Show marketing remark (431 chars)

    Large and spacious 4 or 5 br, 3 full baths on large corner lot convenient to shopping, schools and I-65. Beautiful hardwood floors, tons of closets, nice laundry room. 10'x20' storage building has been insulated, sheet rock and wired. There are all kinds of fruit trees , pear, apple, plum. pecan and a grape vine. There's also a storm cellar in the back yard. This is like living in the country but in town. . Call to see today!!

17. 2025-12-20
    historical 431-char remark

    Show marketing remark (431 chars)

    Large and spacious 4 or 5 br, 3 full baths on large corner lot convenient to shopping, schools and I-65. Beautiful hardwood floors, tons of closets, nice laundry room. 10'x20' storage building has been insulated, sheet rock and wired. There are all kinds of fruit trees , pear, apple, plum. pecan and a grape vine. There's also a storm cellar in the back yard. This is like living in the country but in town. . Call to see today!!

18. 2025-10-24
    listed $229,900 Active 431-char remark

    Show marketing remark (431 chars)

    Large and spacious 4 or 5 br, 3 full baths on large corner lot convenient to shopping, schools and I-65. Beautiful hardwood floors, tons of closets, nice laundry room. 10'x20' storage building has been insulated, sheet rock and wired. There are all kinds of fruit trees , pear, apple, plum. pecan and a grape vine. There's also a storm cellar in the back yard. This is like living in the country but in town. . Call to see today!!

19. 2011-10-26
    soldstatus $30,000 207-char remark

    Show marketing remark (207 chars)

    Large home for a large family. Also could be used for a foster family or Senior Home. Need some work, but could be a great place. Priced to sell. Right of Redemption may apply. Actual age of Home is unknown.

20. 2011-09-12
    listed $34,900 207-char remark

    Show marketing remark (207 chars)

    Large home for a large family. Also could be used for a foster family or Senior Home. Need some work, but could be a great place. Priced to sell. Right of Redemption may apply. Actual age of Home is unknown.

21. 2011-07-08
    listed $34,900
22. 1995-03-01
    soldstatus $35,000

ⓘ 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: $508 · $42/mo
• Projected year-2 tax: $922 · $77/mo
• Expected delta: +$415/yr (+$35/mo · 81.7%)

ⓘ 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 7/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 61% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,308
• − Mortgage interest: −$12,598
• − Property taxes: −$508
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$6,543
• Taxable loss: −$4,554
• Est. tax savings @ 24.0%: +$1,093
• After-tax cash flow: $561/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: Chilton County
• NCES district ID: 0100660
• Math proficiency: 15% ▼ -26.00%
• Reading proficiency: 34% ▼ -5.00%
• Median HH income: $41,269
• Composite: 20.73/100
• National rank: #8520
• State rank: #94 of 129 in AL

Livability — Clanton

• Score: 61/100
• State rank: #259
• US rank: #18072

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clanton, AL
• County: Chilton County · 15,324 people
• City population: 15,324
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 15,324
• Household income: $65,907
• Rent vs Own: 28.3% rent · 71.7% own
• Severe rent burden: 326.0

Population outlook (Chilton County) Hauer SSP2

• Today (2025): 44,064 people
• By 2030: 43,694 · -0.8%
• By 2040: 42,168 · -4.3%
• By 2050: 39,667 · -10.0%
• By 2075: 31,397 · -28.7%
• By 2100: 21,319 · -51.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Hispanic / Latino 7% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Chilton

• 2024 margin: Solid R (+72.1) · D 13.7% · R 85.8%
• 2008→2024 swing: -14.3pp toward R · 2008: -57.8pp · 2024: -72.1pp
• All cycles: 2024: R+72.1 2020: R+67.4 2016: R+66.6 2012: R+60.3 2008: R+57.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.21%
• Current HPI: 187.6339
• Rent YoY: —
• Metro: Birmingham-Hoover, 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

+542.6% since first listed

8 events — show timeline

• 2026-01-10 Price Changed $224,900 Greater Alabama MLS
• 2026-01-09 Relisted — Greater Alabama MLS
• 2025-12-20 Delisted — Greater Alabama MLS
• 2025-10-24 Listed $229,900 Greater Alabama MLS
• 2011-10-26 Sold (MLS) $30,000 MAAR
• 2011-09-12 Listed $34,900 MAAR
• 2011-07-08 Listed $34,900 MAAR
• 1995-03-01 Sold (Public Records) $35,000 Public Records

Property tax history

+7.8%/yr

Latest (2025): $508 · +9.1% YoY. Source: county tax records.