61 Looney Loop · Oak Grove, AL 35151

$97,800

3 bd · 1.0 ba · 1,548 sqft · SingleFamily public records · 145 Days on market

Built 1985 0.52 ac lot ↓ 49% since listing

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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
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• ARV discount +7.5/15.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Large home with a 2-car garage and an extra detached shop garage plus 2-more car garage. Low maintenance metal roof. Large lot and lots of room for parking. Don't forget about the nice front porch. Inside, the rooms are ample-sized, with some hardwood flooring. The massive den has a fireplace. Contact your agent today to schedule a showing. Right of redemption may apply. Case 011-718654. Property is Owned by the US Dept. of HUD. Insurability is "UI", Subject to Appraisal. The seller makes no representations or warranties as to the property condition. HUD Homes are sold “As-Is”. Equal Housing Opportunity. The seller may contribute up to 3% for buyer’s closing cost

Key facts

• Hardwood flooring
• Metal roof
• Front porch

Tags

• METAL ROOF
• FRONT PORCH
• HARDWOOD FLOORING
• MASSIVE DEN
• FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $447 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $98k).
• Recommended offer: $86k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#274 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, crime D+, amenities F.
• Talladega County (rural): math 15% / reading 44% proficiency, ranked #75 of 129 in AL (top 58%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Talladega County Central High (math 2% / reading 27%, grade F, #216 of 305 statewide, top 72%, 126 students, 91% FRL) — zoned schools average 91% FRL vs 64% district-wide (28 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 15% at this address vs 30% district-wide (-15 pts) — the specific schools serving this property underperform the Talladega County average; the district grade overstates school quality for this exact location.
• Market conditions: 77 active listings in the ZIP; 189 units permitted in Talladega County in 2024 (6 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $676 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Talladega County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 145 days — a 12% lower offer ($86k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $93k (49%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 40% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $86,064 (12.0% below list)

Questions for the listing agent

1. It's been on market 145 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 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?
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: 1.37% ✓
• Cap rate: 11.78%
• Cash-on-cash: 19.59%
• DSCR: 1.87
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $219,816
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
366 Amberwood Ln	0.49mi	3/2.0	1,552 (+0%)	17mo	$220,000	$142	58

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: 11.6%
• Equity multiple: 1.46×
• Total profit: $12,604
• Equity at exit: $14,582

10-year hold

• IRR: 20.6%
• Equity multiple: 2.74×
• Total profit: $47,566
• Equity at exit: $8,456

Cash invested: $27,384 (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 35151

• Home prices YoY: -14.7%
• Active inventory: 77
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $1,345 medium
• Mortgage (P&I): −$513
• Tax from tax record: −$62 /mo · $741/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $447

Break-even live

Break-even rent $779

Max offer price $97,800

Occupancy floor 62%

Sensitivity live

Price	-10% $502	-5% $475	+0% $447	+5% $419	+10% $392
Rent	-10% $341	-5% $394	+0% $447	+5% $500	+10% $553
Rate	-1.0pp $496	-0.5pp $472	base $447	+0.5pp $422	+1.0pp $396

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: $24,450
• Closing costs: $2,934
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-21
   days on market $97,800 Active 145 DOM
2. 2026-06-19
   days on market $97,800 Active 143 DOM
3. 2026-06-18
   days on market $97,800 Active 142 DOM
4. 2026-06-17
   days on market $97,800 Active 141 DOM
5. 2026-06-16
   days on market $97,800 Active 140 DOM
6. 2026-06-15
   days on market $97,800 Active 139 DOM
7. 2026-06-14
   status $97,800 Active 137 DOM
8. 2026-06-07
   statusdays on market $97,800 Pending 137 DOM
9. 2026-06-05
   days on market $97,800 Active 136 DOM
10. 2026-06-03
    status $97,800 Active 135 DOM
11. 2026-02-26
    status Pending
12. 2026-02-25
    status Active
13. 2026-02-17
    status Pending
14. 2026-02-14
    price $97,800
15. 2026-02-09
    status Active
16. 2026-02-09
    historical
17. 2026-01-17
    status Active
18. 2025-12-11
    status Pending
19. 2025-12-10
    price $122,240
20. 2025-11-11
    price $137,520
21. 2025-10-10
    price $152,800
22. 2025-08-30
    listed $191,000 Active

ⓘ 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: $741 · $62/mo
• Projected year-2 tax: $741 · $62/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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 40% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,137
• − Mortgage interest: −$5,478
• − Property taxes: −$741
• − Insurance: −$489
• − Repairs & maintenance: −$1,291
• − Management: −$1,291
• − Depreciation: −$2,845
• Taxable income: $4,002
• Est. tax owed @ 24.0%: −$960
• After-tax cash flow: $4,403/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: Talladega County
• NCES district ID: 0103180
• Math proficiency: 15% ▼ -24.00%
• Reading proficiency: 44% ▲ 3.00%
• Median HH income: $37,715
• Composite: 24.5/100
• National rank: #7650
• State rank: #75 of 129 in AL

Livability — Oak Grove

• Score: 61/100
• State rank: #274
• US rank: #18330

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Oak Grove, AL
• Population (ZIP): 7,615

Population outlook (Talladega County) Hauer SSP2

• Today (2025): 78,905 people
• By 2030: 77,160 · -2.2%
• By 2040: 72,937 · -7.6%
• By 2050: 68,279 · -13.5%
• By 2075: 57,884 · -26.6%
• By 2100: 47,220 · -40.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 10% Hispanic / Latino 6% Two or more races 1%
• Common ancestry: Slovak 3% Iranian 1% Italian 1%
• Foreign-born: 5% · Canada, Jamaica, South Korea
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Talladega

• 2024 margin: Solid R (+33.8) · D 32.9% · R 66.6%
• 2008→2024 swing: -15.3pp toward R · 2008: -18.5pp · 2024: -33.8pp
• All cycles: 2024: R+33.8 2020: R+25.5 2016: R+25.6 2012: R+16.0 2008: R+18.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -42.97%
• Current HPI: 250.4122
• 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

-48.8% since first listed

12 events — show timeline

• 2026-02-26 Pending — Greater Alabama MLS
• 2026-02-25 Relisted — Greater Alabama MLS
• 2026-02-17 Pending — Greater Alabama MLS
• 2026-02-14 Price Changed $97,800 Greater Alabama MLS
• 2026-02-09 Relisted — Greater Alabama MLS
• 2026-02-09 Delisted — Greater Alabama MLS
• 2026-01-17 Relisted — Greater Alabama MLS
• 2025-12-11 Pending — Greater Alabama MLS
• 2025-12-10 Price Changed $122,240 Greater Alabama MLS
• 2025-11-11 Price Changed $137,520 Greater Alabama MLS
• 2025-10-10 Price Changed $152,800 Greater Alabama MLS
• 2025-08-30 Listed $191,000 Greater Alabama MLS

Property tax history

+0.0%/yr

Latest (2025): $741 · +0.0% YoY. Source: county tax records.