The McGinnis Plan · Athens, AL 35613

$275,990

4 bd · 2.5 ba · 2,372 sqft · SingleFamily · 365 Days on market

Good condition

---

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 +7.8/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The McGinnis is a two-story plan with a welcoming wide entry leading to a traditional dining room perfect for entertaining. The kitchen and family room live to the rear of the home, with convenient access to the yard. Upstairs, you'll find the spacious owner's suite and three secondary bedrooms, each with walk-in closets. A large secondary bathroom and ample laundry room are located off the open loft. For flexible living, a study or fifth bedroom and full bath are optional on the first floor.

Key facts

• Access to the yard
• Walk-in closets
• Wide entry

Tags

• WIDE ENTRY
• TRADITIONAL DINING ROOM
• KITCHEN AND FAMILY ROOM
• ACCESS TO THE YARD
• OWNER'S SUITE
• WALK-IN CLOSETS

🏗️ New construction. The $275,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $294,615.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $276k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-330 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (10.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (21.7% below list).
• Recommended offer: $216k (21.7% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.5% in Athens — 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 75/100 on livability (#18 in AL, #4,019 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, commute F.
• Limestone County (rural): math 21% / reading 44% proficiency, ranked #52 of 129 in AL (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Creekside Elementary School (math 42% / reading 66%, grade C, #96 of 627 statewide, top 16%, 560 students, 41% FRL) — zoned schools at 41% FRL track the district average.
• Zoned-school proficiency averages 54% at this address vs 32% district-wide (+22 pts) — the actual schools serving this property are materially stronger than the Limestone County average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 1031 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 494 units permitted in Limestone 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 $9k of value loss. Plan a longer hold.
• Limestone County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 365 days — a 12% lower offer ($243k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $215,967 (21.7% 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 365 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.73% ✗
• Cap rate: 4.95%
• Cash-on-cash: -4.80%
• DSCR: 0.79
• GRM: 11.4

CMA / ARV

• ARV (median comp): $294,615
• List price: $275,990
• Delta: -6.32%
• 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
25821 Finchley Dr	0.12mi	5/2.5 (+1)	2,372 (0%)	8mo	$307,000	$129	82
25750 Finchley Dr	0.19mi	5/3.0 (+1)	2,372 (0%)	3mo	$289,995	$122	81
25689 Finchley Dr	0.26mi	5/3.0 (+1)	2,372 (0%)	2mo	$313,975	$132	80
18962 Wicklow Cir	0.35mi	4/2.5	2,304 (-3%)	1mo	$289,900	$126	78
25809 Finchley Dr	0.13mi	4/2.5	2,565 (+8%)	5mo	$304,995	$119	76
18942 Wicklow Cir	0.33mi	4/2.5	2,304 (-3%)	5mo	$289,900	$126	76
25697 Finchley Dr	0.25mi	4/2.5	2,565 (+8%)	3mo	$319,125	$124	73
25775 Finchley Dr	0.17mi	3/2.5 (-1)	2,231 (-6%)	6mo	$289,235	$130	72
19963 Wicklow Cir	0.67mi	4/2.5	2,372 (0%)	1mo	$316,642	$133	68
25743 Finchley Dr	0.20mi	5/3.0 (+1)	2,565 (+8%)	4mo	$297,995	$116	67
18633 Oxbow Ln	0.03mi	4/3.0	2,026 (-15%)	8mo	$311,005	$154	66
25894 Crested Lark Dr	0.08mi	5/3.0 (+1)	2,092 (-12%)	8mo	$291,900	$140	63

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: -24.4%
• Equity multiple: 0.17×
• Total profit: $-68,718
• Equity at exit: $43,928

10-year hold

• IRR: -19.9%
• Equity multiple: -0.05×
• Total profit: $-86,759
• Equity at exit: $25,473

Cash invested: $82,492 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 40 active · 15 under contract
• Months of supply: 15.0 mo (7%/mo absorbed)
• Median asking: $300,990 ($141/sqft)
• Median days on market: 461 d
• This list price: 18% of active listings are priced below it
• ARV vs active asking: -11.7% vs current asking $/sqft

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

ZIP-level market 35613

• Home prices YoY: -33.9%
• Active inventory: 1031
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,160 medium
• Mortgage (P&I): −$1,545
• Tax est. 1.5%: −$368 /mo · $4,419/yr
• Insurance: −$123
• HOA: −$0
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $-330

Break-even live

Break-even rent $2,577

Max offer price $246,881

Occupancy floor —

Sensitivity live

Price	-10% $-126	-5% $-228	+0% $-330	+5% $-432	+10% $-533
Rent	-10% $-500	-5% $-415	+0% $-330	+5% $-245	+10% $-159
Rate	-1.0pp $-182	-0.5pp $-255	base $-330	+0.5pp $-406	+1.0pp $-484

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: $73,654
• Closing costs: $8,838
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27043 Copeland Rd Athens, AL	4.0	2.0	2415	$1,795	$0.74	63d	1	1.23mi

Listing history 50 events

1. 2026-08-08
   days on market $275,990 Active 365 DOM
2. 2026-08-07
   days on market $275,990 Active 364 DOM
3. 2026-08-06
   days on market $275,990 Active 363 DOM
4. 2026-08-05
   days on market $275,990 Active 362 DOM
5. 2026-08-04
   days on market $275,990 Active 361 DOM
6. 2026-08-03
   pricedays on market $275,990 Active 360 DOM
7. 2026-07-31
   days on market $272,900 Active 357 DOM
8. 2026-07-29
   days on market $272,900 Active 355 DOM
9. 2026-07-27
   days on market $272,900 Active 353 DOM
10. 2026-07-25
    days on market $272,900 Active 351 DOM
11. 2026-07-23
    days on market $272,900 Active 349 DOM
12. 2026-07-22
    days on market $272,900 Active 348 DOM
13. 2026-07-21
    days on market $272,900 Active 347 DOM
14. 2026-07-18
    days on market $272,900 Active 344 DOM
15. 2026-07-16
    days on market $272,900 Active 342 DOM
16. 2026-07-16
    days on market $272,900 Active 341 DOM
17. 2026-07-14
    days on market $272,900 Active 340 DOM
18. 2026-07-14
    days on market $272,900 Active 339 DOM
19. 2026-07-12
    days on market $272,900 Active 338 DOM
20. 2026-07-11
    days on market $272,900 Active 337 DOM
21. 2026-07-10
    days on market $272,900 Active 336 DOM
22. 2026-07-09
    days on market $272,900 Active 335 DOM
23. 2026-07-08
    days on market $272,900 Active 334 DOM
24. 2026-07-07
    days on market $272,900 Active 333 DOM
25. 2026-07-06
    days on market $272,900 Active 332 DOM
26. 2026-07-05
    days on market $272,900 Active 331 DOM
27. 2026-07-04
    days on market $272,900 Active 330 DOM
28. 2026-07-03
    days on market $272,900 Active 329 DOM
29. 2026-07-02
    pricedays on market $272,900 Active 328 DOM
30. 2026-07-01
    days on market $271,900 Active 327 DOM
31. 2026-06-30
    days on market $271,900 Active 326 DOM
32. 2026-06-29
    days on market $271,900 Active 325 DOM
33. 2026-06-28
    days on market $271,900 Active 324 DOM
34. 2026-06-28
    days on market $271,900 Active 323 DOM
35. 2026-06-27
    days on market $271,900 Active 322 DOM
36. 2026-06-25
    days on market $271,900 Active 320 DOM
37. 2026-06-23
    days on market $271,900 Active 318 DOM
38. 2026-06-22
    days on market $271,900 Active 317 DOM
39. 2026-06-18
    days on market $271,900 Active 314 DOM
40. 2026-06-17
    days on market $271,900 Active 313 DOM
41. 2026-06-16
    days on market $271,900 Active 312 DOM
42. 2026-06-15
    days on market $271,900 Active 311 DOM
43. 2026-06-14
    days on market $271,900 Active 309 DOM
44. 2026-06-10
    days on market $271,900 Active 306 DOM
45. 2026-06-09
    days on market $271,900 Active 305 DOM
46. 2026-06-08
    days on market $271,900 Active 304 DOM
47. 2026-06-07
    days on market $271,900 Active 303 DOM
48. 2026-06-05
    days on market $271,900 Active 300 DOM
49. 2026-06-03
    days on market $271,900 Active 299 DOM
50. 2026-06-02
    days on market $271,900 Active 298 DOM

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $25,916
• − Mortgage interest: −$16,503
• − Property taxes: −$4,419
• − Insurance: −$1,473
• − Repairs & maintenance: −$2,073
• − Management: −$2,073
• − Depreciation: −$8,571
• Taxable loss: −$9,196
• Est. tax savings @ 24.0%: +$2,207
• After-tax cash flow: $-1,751/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 · 13 photos

Good 80/100 None rehab

The McGinnis Plan is a well-maintained two-story home with good exterior and interior condition. It has a good roof, siding, and paint. The home is move-in ready and can be enhanced with fresh paint, window treatments, and smart home devices to increase its value.

Value-add opportunities

• Resale Paint exterior siding — Fresh paint can enhance curb appeal and property value ↑
• Resale Replace window treatments — Fresh window treatments can improve the home's curb appeal and energy efficiency ↑
• Resale Upgrade lighting fixtures — Modern lighting fixtures can enhance the home's curb appeal and energy efficiency ↑
• Rental Install smart home devices — Smart home devices can attract renters and improve energy efficiency ↑

D Composite school gradezoned avg 54/100

Zoned Schools

Elementary Creekside Elementary School C AL #96/627 Nat'l #10,700/41,679

Schools (NCES district)

• District: Limestone County
• NCES district ID: 0102100
• Math proficiency: 21% ▼ -23.00%
• Reading proficiency: 44% ▼ -3.00%
• Median HH income: $48,972
• Composite: 28.09/100
• National rank: #6829
• State rank: #52 of 129 in AL

B Composite livability gradescore 75/100

Livability — Athens

• Score: 75/100
• State rank: #18
• US rank: #4019

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Limestone County · 111,441 people
• City population: 55,492
• Metro: Huntsville, AL
• Population (ZIP): 25,523
• Household income: $100,845
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 1% of renters

---

Population outlook (Limestone County) Hauer SSP2

• Today (2025): 111,441 people
• By 2030: 121,272 · +8.8%
• By 2040: 140,705 · +26.3%
• By 2050: 159,069 · +42.7%
• By 2075: 202,231 · +81.5%
• By 2100: 230,608 · +106.9%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 7% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Lithuanian 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 3% Vietnamese 1%

---

Political lean MEDSL · Limestone

• 2024 margin: Solid R (+43.9) · D 27.5% · R 71.4% · Other 1.2%
• 2008→2024 swing: -2.0pp toward R · 2008: -41.9pp · 2024: -43.9pp
• All cycles: 2024: R+43.9 2020: R+42.6 2016: R+49.5 2012: R+43.6 2008: R+41.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.56%
• Current HPI: 173.0763
• Rent YoY: —
• Metro: Huntsville, 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

+2.2% since first listed

5 events — show timeline

• 2026-05-01 Price Changed $281,900 Zillow
• 2026-03-17 Price Changed $279,900 Zillow
• 2026-02-03 Price Changed $277,900 Zillow
• 2026-01-15 Price Changed $276,900 Zillow
• 2025-08-08 Listed $275,900 Zillow