119 Coral Bells Rd · Harvest, AL 35773

$231,150

3 bd · 1.5 ba · 2,644 sqft · SingleFamily public records · 105 Days on market

Built 2006 7,405 sqft lot $87/sqft · 46% below area Est $228k · at est. $13/mo HOA · 1% of rent

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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).

• Appreciation +10.0/10.0
• Cash flow +8.7/30.0
• ARV discount +7.0/15.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• 1% rule +1.5/10.0

Listing remarks MLS

Under Construction-The lovely RC Foster plan is rich with curb appeal with its welcoming front porch and front yard landscaping. This home features an open floor plan with 3 bedrooms, 2 bathrooms, and a large living room. Also enjoy an open dining area, and a charming kitchen fully equipped with energy-efficient appliances, generous counter space, and a convenient pantry for the adventurous home chef. Plus, a beautiful back porch for entertaining and relaxing. Learn more about this home today!

Key facts

• Open floor plan
• Open dining area
• Front porch

Tags

• FRONT PORCH
• FRONT YARD LANDSCAPING
• OPEN FLOOR PLAN
• OPEN DINING AREA
• CHARMING KITCHEN
• ENERGY-EFFICIENT APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $231k.

Deal economics

• At list price, monthly cash flow is $-197 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (15.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $151k (34.8% below list).
• Recommended offer: $151k (34.8% below list) — sets the bar for 1% rule.
• Cap rate 5.3% vs local median 3.5% in Harvest — 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 (#27 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 319 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 105 days — a 9% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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 $120k; list at $231k implies a 93% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,600 (34.8% 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 105 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
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: 0.65% ✗
• Cap rate: 5.27%
• Cash-on-cash: -3.65%
• DSCR: 0.84
• GRM: 12.8

CMA / ARV

• ARV (median comp): $228,496
• List price: $231,150
• Delta: 1.16%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
146 Bayside Ln	0.14mi	4/2.5 (+1)	2,766 (+5%)	3mo	$255,000	$92	74
169 Bayside Ln	0.26mi	3/2.5	2,289 (-13%)	8mo	$220,000	$96	55
158 Bayside Ln	0.19mi	4/2.0 (+1)	2,486 (-6%)	23mo	$263,000	$106	55
150 Bayside Ln	0.16mi	3/2.0	2,323 (-12%)	23mo	$220,000	$95	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.7%
• Equity multiple: 2.75×
• Total profit: $113,259
• Equity at exit: $208,238

10-year hold

• IRR: 19.5%
• Equity multiple: 6.30×
• Total profit: $343,165
• Equity at exit: $449,074

Cash invested: $64,722 (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 35773

• Home prices YoY: 28.8%
• Active inventory: 319
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,506 medium
• Mortgage (P&I): −$1,212
• Tax from tax record: −$65 /mo · $779/yr
• Insurance: −$96
• HOA: −$13
• Vacancy / Maint / Mgmt: −$316
• Net cashflow: $-197

Break-even live

Break-even rent $1,755

Max offer price $196,412

Occupancy floor —

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: $57,788
• Closing costs: $6,934
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
321 Counter Point Dr Harvest, AL	3.0	2.5	2200	$1,506	$0.68	43d	1	0.44mi

HOA detail

• Monthly dues: $13 · $156/yr
• Likely covers: landscaping

Listing history 17 events

1. 2026-06-14
   statusdays on market $231,150 Pending 105 DOM
2. 2026-06-10
   days on market $231,150 Active 103 DOM
3. 2026-06-09
   days on market $231,150 Active 102 DOM
4. 2026-06-08
   days on market $231,150 Active 101 DOM
5. 2026-06-07
   days on market $231,150 Active 100 DOM
6. 2026-06-02
   days on market $231,150 Active 95 DOM
7. 2026-06-01
   days on market $231,150 Active 94 DOM
8. 2026-05-31
   days on market $231,150 Active 93 DOM
9. 2026-05-30
   days on market $231,150 Active 92 DOM
10. 2026-05-19
    price $231,150 498-char remark

    Show marketing remark (498 chars)

    Under Construction-The lovely RC Foster plan is rich with curb appeal with its welcoming front porch and front yard landscaping. This home features an open floor plan with 3 bedrooms, 2 bathrooms, and a large living room. Also enjoy an open dining area, and a charming kitchen fully equipped with energy-efficient appliances, generous counter space, and a convenient pantry for the adventurous home chef. Plus, a beautiful back porch for entertaining and relaxing. Learn more about this home today!

11. 2026-04-23
    price $231,150 433-char remark

    Show marketing remark (433 chars)

    This new single-story home blends style with functionality. Two secondary bedrooms share a bathroom in the hall at the front of the home, while the owner's suite is tucked into the back corner with a private bathroom. Down the hall is the free-flowing main living area, which includes a kitchen with a center island, a welcoming family room and a dining room with a covered rear patio. A convenient two-car garage completes the home.

12. 2026-04-07
    price $230,650 433-char remark

    Show marketing remark (433 chars)

    This new single-story home blends style with functionality. Two secondary bedrooms share a bathroom in the hall at the front of the home, while the owner's suite is tucked into the back corner with a private bathroom. Down the hall is the free-flowing main living area, which includes a kitchen with a center island, a welcoming family room and a dining room with a covered rear patio. A convenient two-car garage completes the home.

13. 2026-03-22
    price $230,150 433-char remark

    Show marketing remark (433 chars)

    This new single-story home blends style with functionality. Two secondary bedrooms share a bathroom in the hall at the front of the home, while the owner's suite is tucked into the back corner with a private bathroom. Down the hall is the free-flowing main living area, which includes a kitchen with a center island, a welcoming family room and a dining room with a covered rear patio. A convenient two-car garage completes the home.

14. 2026-03-13
    listed $229,650 Active 433-char remark

    Show marketing remark (433 chars)

    This new single-story home blends style with functionality. Two secondary bedrooms share a bathroom in the hall at the front of the home, while the owner's suite is tucked into the back corner with a private bathroom. Down the hall is the free-flowing main living area, which includes a kitchen with a center island, a welcoming family room and a dining room with a covered rear patio. A convenient two-car garage completes the home.

15. 2026-02-27
    listed $221,000 Active 498-char remark

    Show marketing remark (498 chars)

    Under Construction-The lovely RC Foster plan is rich with curb appeal with its welcoming front porch and front yard landscaping. This home features an open floor plan with 3 bedrooms, 2 bathrooms, and a large living room. Also enjoy an open dining area, and a charming kitchen fully equipped with energy-efficient appliances, generous counter space, and a convenient pantry for the adventurous home chef. Plus, a beautiful back porch for entertaining and relaxing. Learn more about this home today!

16. 2017-07-05
    soldstatus $119,900
17. 2017-01-22
    listed $119,900

ⓘ 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: $779 · $65/mo
• Projected year-2 tax: $948 · $79/mo
• Expected delta: +$169/yr (+$14/mo · 21.7%)

ⓘ 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 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $18,072
• − Mortgage interest: −$12,948
• − Property taxes: −$779
• − Insurance: −$1,156
• − Repairs & maintenance: −$1,446
• − Management: −$1,446
• − HOA: −$156
• − Depreciation: −$6,724
• Taxable loss: −$6,582
• Est. tax savings @ 24.0%: +$1,580
• After-tax cash flow: $-780/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Harvest

• Score: 72/100
• State rank: #27
• US rank: #5986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 30,710
• Population (ZIP): 13,977

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 3% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 149.14%
• Current HPI: 666.8602
• 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

+92.8% since first listed

8 events — show timeline

• 2026-05-19 Price Changed $231,150 VMLS
• 2026-04-23 Price Changed $231,150 Zillow
• 2026-04-07 Price Changed $230,650 Zillow
• 2026-03-22 Price Changed $230,150 Zillow
• 2026-03-13 Listed $229,650 Zillow
• 2026-02-27 Listed $221,000 VMLS
• 2017-07-05 Sold (MLS) $119,900 VMLS
• 2017-01-22 Listed $119,900 VMLS

Property tax history

+8.6%/yr

Latest (2024): $779 · +0.0% YoY. Source: county tax records.