6504 24th Ave · Valley, AL 36854

$157,000

4 bd · 3.0 ba · 1,822 sqft · SingleFamily public records · 20 Days on market

Built 1947 0.70 ac lot

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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).

• Cash flow +20.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.5/10.0
• 1% rule +4.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this recently renovated Home. Featuring beautiful Hardwood flooring on main level. oversized master bed and bath on 1st floor and 1 additional large bedroom on main floor with 2 bedrooms and 1 bathroom upstairs. plenty of space for your family. Don't miss your opportunity to own this Beauty Home sits on level large lot. recently renovated and ready for your home now.

Key facts

• Covered front porch
• Covered carport
• Large lot

Tags

• HARDWOOD FLOORS
• COVERED FRONT PORCH
• COVERED CARPORT
• LARGE LOT
• LOCAL AMENITIES

Property features AI

Finance

• Other: Located on approximately 0.7-acre lot; Subdivision: None
• HOA & community: No association amenities

Exterior

• Parking: Attached carport; Two carport spaces
• Utilities: Electricity available; Public water available
• Home design: Residential property; One and one-half story
• Construction: Vinyl siding; Crawl space foundation; Built area above grade: 1,456
• Exterior features: No fencing; No pool

Interior

• Bathrooms: Three full bathrooms (all on the main level)
• Heating & cooling: Central electric air conditioning; Ceiling fans; Forced air heating
• Interior features: Ceiling fans
• Laundry & utility: Washer hookup

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $157k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (9.7% below list).
• Recommended offer: $142k (9.7% below list) — sets the bar for 1% rule.
• Cap rate 7.8% vs local median 2.9% in Valley — 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 66/100 on livability (#96 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: schools F, crime F, amenities F.
• Chambers County (town): math 10% / reading 37% proficiency, ranked #101 of 129 in AL (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 151 active listings in the ZIP; 43 units permitted in Chambers County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Chambers County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y 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 $133k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 64% 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 $141,748 (9.7% below list)

Questions for the listing agent

1. Built in 1947 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.90% ✗
• Cap rate: 7.84%
• Cash-on-cash: 5.53%
• DSCR: 1.25
• GRM: 9.2

CMA / ARV

• ARV (on-the-fly): $326,138
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
123 Lee Road 0961	0.53mi	3/2.0 (-1)	1,820 (-0%)	3mo	$332,000	$182	64
112 Lee Road 2237	0.54mi	3/2.5 (-1)	1,729 (-5%)	0mo	$339,900	$197	59
112 Lee Road 2237 Rd	0.54mi	3/2.5 (-1)	1,729 (-5%)	0mo	$339,900	$197	59
2305 60th Pl	0.51mi	3/2.0 (-1)	1,791 (-2%)	8mo	$225,000	$126	57
62 Lee Road 237	0.56mi	4/2.0	1,667 (-8%)	4mo	$292,730	$176	53
22 Laurel Dr	0.58mi	3/2.0 (-1)	1,748 (-4%)	7mo	$210,000	$120	52
76 Lee Road 2233 #6	0.55mi	3/2.0 (-1)	1,746 (-4%)	12mo	$341,150	$195	48
43 Lee Road 2167	0.54mi	3/2.0 (-1)	1,620 (-11%)	2mo	$289,900	$179	46
43 Lee Rd 2167	0.54mi	3/2.0 (-1)	1,620 (-11%)	2mo	$289,900	$179	46
6300 26th Ave	0.25mi	3/2.0 (-1)	1,556 (-15%)	11mo	$223,450	$144	46
6104 26th Ave	0.41mi	3/2.0 (-1)	2,062 (+13%)	13mo	$195,000	$95	39
11 Lee Road 2132	0.55mi	3/2.0 (-1)	1,600 (-12%)	8mo	$284,990	$178	38

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: -7.8%
• Equity multiple: 0.71×
• Total profit: $-12,619
• Equity at exit: $23,409

10-year hold

• IRR: 1.7%
• Equity multiple: 1.12×
• Total profit: $5,295
• Equity at exit: $13,574

Cash invested: $43,960 (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 36854

• Active inventory: 151
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,417 medium
• Mortgage (P&I): −$823
• Tax from tax record: −$28 /mo · $342/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $203

Break-even live

Break-even rent $1,161

Max offer price $157,000

Occupancy floor 81%

Sensitivity live

Price	-10% $291	-5% $247	+0% $203	+5% $158	+10% $-74
Rent	-10% $91	-5% $147	+0% $203	+5% $259	+10% $315
Rate	-1.0pp $282	-0.5pp $243	base $203	+0.5pp $162	+1.0pp $121

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: $39,250
• Closing costs: $4,710
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-06-19
   days on market $157,000 Active 20 DOM
2. 2026-06-18
   days on market $157,000 Active 19 DOM
3. 2026-06-17
   days on market $157,000 Active 18 DOM
4. 2026-06-16
   days on market $157,000 Active 17 DOM
5. 2026-06-15
   days on market $157,000 Active 16 DOM
6. 2026-06-14
   days on market $157,000 Active 14 DOM
7. 2026-06-12
   days on market $157,000 Active 13 DOM
8. 2026-06-09
   days on market $157,000 Active 10 DOM
9. 2026-06-08
   days on market $157,000 Active 9 DOM
10. 2026-06-07
    days on market $157,000 Active 8 DOM
11. 2026-06-05
    days on market $157,000 Active 5 DOM
12. 2026-06-02
    days on market $157,000 Active 3 DOM
13. 2026-06-01
    days on market $157,000 Active 2 DOM
14. 2026-05-30
    remarks 287-char remark
15. 2026-05-30
    listed $157,000 Active 1 DOM

ⓘ 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: $342 · $28/mo
• Projected year-2 tax: $644 · $54/mo
• Expected delta: +$302/yr (+$25/mo · 88.4%)

ⓘ 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 6/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 64% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,010
• − Mortgage interest: −$8,794
• − Property taxes: −$342
• − Insurance: −$785
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − Depreciation: −$4,567
• Taxable loss: −$200
• Est. tax savings @ 24.0%: +$48
• After-tax cash flow: $2,479/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: Chambers County
• NCES district ID: 0100600
• Math proficiency: 10% ▼ -26.00%
• Reading proficiency: 37% ▼ -1.00%
• Median HH income: $36,011
• Composite: 19.37/100
• National rank: #8785
• State rank: #101 of 129 in AL

Livability — Valley

• Score: 66/100
• State rank: #96
• US rank: #11347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Valley, AL
• Population (ZIP): 15,913

Population outlook (Chambers County) Hauer SSP2

• Today (2025): 33,868 people
• By 2030: 33,504 · -1.1%
• By 2040: 32,594 · -3.8%
• By 2050: 31,422 · -7.2%
• By 2075: 29,054 · -14.2%
• By 2100: 25,431 · -24.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Black 28% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1% Korean 1%

Political lean MEDSL · Chambers

• 2024 margin: Strong R (+23.2) · D 38.0% · R 61.2%
• 2008→2024 swing: -14.8pp toward R · 2008: -8.5pp · 2024: -23.2pp
• All cycles: 2024: R+23.2 2020: R+15.6 2016: R+14.8 2012: R+5.1 2008: R+8.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -149.05%
• Current HPI: 186.0298
• 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

+162.1% since first listed

10 events — show timeline

• 2026-05-30 Listed $157,000 LCMLS
• 2019-09-24 Sold (Public Records) $133,000 Public Records
• 2019-09-20 Sold (MLS) $133,000 GAMLS
• 2019-09-20 Sold (MLS) $133,000 EABOR
• 2019-09-20 Sold (MLS) $133,000 EABOR
• 2019-07-13 Listed $144,900 GAMLS
• 2019-07-13 Listed $144,900 EABOR
• 2019-07-13 Listed $144,900 EABOR
• 2019-04-03 Sold (MLS) $51,000 GAMLS
• 2019-02-07 Listed $59,900 GAMLS

Property tax history

+5.0%/yr

Latest (2025): $342 · +8.4% YoY. Source: county tax records.