144 Vann Loop · Detroit, AL 35552

$70,000

1 bd · 1.0 ba · 910 sqft · SingleFamily · 133 Days on market

Built 2001 Good condition 1.02 ac lot $77/sqft · at area comps Est $73k · at est. ↓ 21% since listing

---

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 +26.7/30.0
• DSCR +9.1/10.0
• ARV discount +9.1/15.0
• 1% rule +7.2/10.0
• Appreciation +5.9/10.0
• Condition / age +3.8/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0

Listing remarks MLS

Sitting on +/- 1 acre in the country side, this cozy 1 bed, 1 bath home has the perfect blend of simple living with modern updates throughout! The new covered front porch over looks the new fenced in yard, offering space to relax & entertain. From new sheet rock, windows, lighting, flooring, remodeled bathroom, 12x12 storm shelter, & a new outbuilding! This property is perfect for a small family, Rental property, or a second home away from home! Call for a private showing today!

Key facts

• Covered front porch
• Remodeled bathroom
• Storm shelter

Tags

• COVERED FRONT PORCH
• FENCED IN YARD
• REMODELED BATHROOM
• STORM SHELTER
• NEW OUTBUILDING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $70k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $189 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($851 rent vs $70k).
• Recommended offer: $62k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 50/100 on livability (#532 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, crime F, amenities F.
• Lamar County (rural): math 23% / reading 44% proficiency, ranked #57 of 129 in AL (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP.

Forward outlook

• In year one you build about $2k of equity ($484 loan paydown + $1k appreciation (1.8% local appreciation)).
• Lamar County population projected at -21% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($62k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $61,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.22% ✓
• Cap rate: 9.53%
• Cash-on-cash: 11.55%
• DSCR: 1.51
• GRM: 6.9

CMA / ARV

• ARV (median comp): $72,607
• List price: $70,000
• Delta: -3.59%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

1.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.5%
• Equity multiple: 1.83×
• Total profit: $16,188
• Equity at exit: $26,931

10-year hold

• IRR: 18.1%
• Equity multiple: 3.37×
• Total profit: $46,398
• Equity at exit: $38,266

Cash invested: $19,600 (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 35552

• Home prices YoY: 1.3%
• Active inventory: 5
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $851 medium
• Mortgage (P&I): −$367
• Tax est. 1.5%: −$88 /mo · $1,050/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $189

Break-even live

Break-even rent $612

Max offer price $70,000

Occupancy floor 73%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $70,000 Active 133 DOM
2. 2026-06-18
   days on market $70,000 Active 132 DOM
3. 2026-06-17
   days on market $70,000 Active 131 DOM
4. 2026-06-16
   days on market $70,000 Active 130 DOM
5. 2026-06-15
   days on market $70,000 Active 129 DOM
6. 2026-06-14
   days on market $70,000 Active 127 DOM
7. 2026-06-12
   days on market $70,000 Active 126 DOM
8. 2026-06-09
   days on market $70,000 Active 123 DOM
9. 2026-06-08
   days on market $70,000 Active 122 DOM
10. 2026-06-07
    statusdays on market $70,000 Active 121 DOM
11. 2026-06-04
    days on market $70,000 Active Under Contract 117 DOM
12. 2026-06-03
    status $70,000 Active Under Contract 116 DOM
13. 2026-06-02
    days on market $70,000 Active 116 DOM
14. 2026-06-01
    days on market $70,000 Active 115 DOM
15. 2026-05-31
    days on market $70,000 Active 114 DOM
16. 2026-05-31
    days on market $70,000 Active 113 DOM
17. 2026-02-06
    listed $70,000 Active 494-char remark

    Show marketing remark (494 chars)

    Sitting on +/- 1 acre in the country side, this cozy 1 bed, 1 bath home has the perfect blend of simple living with modern updates throughout! The new covered front porch over looks the new fenced in yard, offering space to relax & entertain. From new sheet rock, windows, lighting, flooring, remodeled bathroom, 12x12 storm shelter, & a new outbuilding! This property is perfect for a small family, Rental property, or a second home away from home! Call for a private showing today!

18. 2025-10-11
    price $89,000

ⓘ 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 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $10,213
• − Mortgage interest: −$3,921
• − Property taxes: −$1,050
• − Insurance: −$350
• − Repairs & maintenance: −$817
• − Management: −$817
• − Depreciation: −$2,036
• Taxable income: $1,222
• Est. tax owed @ 24.0%: −$293
• After-tax cash flow: $1,970/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 · 12 photos

Good 75/100 Cosmetic rehab

This single-family home is in good condition with recent updates, making it a great option for a small family, rental property, or second home.

Value-add opportunities

• Both landscaping and curb appeal — enhances curb appeal and adds value
• Resale new kitchen appliances — improves functionality and appeal
• Resale new bathroom fixtures — enhances functionality and appeal

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping and curb appeal — enhances curb appeal and adds value ↑
• Resale new kitchen appliances — improves functionality and appeal ↑
• Resale new bathroom fixtures — enhances functionality and 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: Lamar County
• NCES district ID: 0101950
• Math proficiency: 23% ▼ -26.00%
• Reading proficiency: 44% ▲ 1.00%
• Median HH income: $34,856
• Composite: 27.58/100
• National rank: #6937
• State rank: #57 of 129 in AL

Livability — Detroit

• Score: 50/100
• State rank: #532
• US rank: #25660

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,014

Population outlook (Lamar County) Hauer SSP2

• Today (2025): 12,818 people
• By 2030: 12,235 · -4.5%
• By 2040: 11,110 · -13.3%
• By 2050: 10,081 · -21.4%
• By 2075: 8,013 · -37.5%
• By 2100: 6,222 · -51.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Black 9% Two or more races 2%
• Common ancestry: Serbian 1%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Lamar

• 2024 margin: Solid R (+76.0) · D 11.7% · R 87.8%
• 2008→2024 swing: -22.2pp toward R · 2008: -53.8pp · 2024: -76.0pp
• All cycles: 2024: R+76.0 2020: R+72.2 2016: R+69.0 2012: R+53.2 2008: R+53.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.82%
• Current HPI: 144.9964
• 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

-21.3% since first listed

2 events — show timeline

• 2026-02-06 Listed $70,000 Walker County Area MLS
• 2025-10-11 Price Changed $89,000 Walker County Area MLS