137 Price St · Roanoke, AL 36274

$25,000

2 bd · 2.0 ba · 1,408 sqft · SingleFamily public records · 47 Days on market

Built 1940 0.35 ac lot $18/sqft · 81% below area

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Situated on the outskirts of Roanoke, this home features some of the original wood flooring and original wood ceilings. It has a large living room area and a good-sized kitchen area. Add this home to your list of properties to see. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer to receive up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

Key facts

• 0.35 acre lot
• Built 1940
• Listed 47 days

Tags

• ORIGINAL WOOD FLOORING
• ORIGINAL WOOD CEILINGS
• LARGE LIVING ROOM AREA
• GOOD SIZE KITCHEN AREA

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $25k.

Deal economics

• At list price, monthly cash flow is $666 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $25k).
• Recommended offer: $24k (3.0% below list) — sets the bar for market timing.
• Cap rate 38.2% vs local median 2.5% in Roanoke — 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 56/100 on livability (#405 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• Roanoke City (town): math 16% / reading 41% proficiency, ranked #78 of 129 in AL (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 78 active listings in the ZIP.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $173 of loan paydown is wiped out by about $750 of value loss. Plan a longer hold.
• Randolph County population projected at -17% 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 $7k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($24k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $16k; list at $25k implies a 56% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 45% 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 $24,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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: 4.27% ✓
• Cap rate: 38.24%
• Cash-on-cash: 114.11%
• DSCR: 6.08
• GRM: 2.0

CMA / ARV

• ARV (median comp): $133,996
• List price: $25,000
• Delta: -81.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
137 Price St	0.00mi	2/2.0	1,408 (0%)	1mo	$35,000	$25	99

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: —
• Equity multiple: 6.48×
• Total profit: $38,364
• Equity at exit: $3,728

10-year hold

• IRR: —
• Equity multiple: 13.58×
• Total profit: $88,074
• Equity at exit: $2,162

Cash invested: $7,000 (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 36274

• Home prices YoY: -7.9%
• Active inventory: 78
• Price-to-rent: 2.0×

Monthly cashflow live

• Estimated rent: $1,067 medium
• Mortgage (P&I): −$131
• Tax from tax record: −$36 /mo · $428/yr
• Insurance: −$10
• HOA: −$0
• Vacancy / Maint / Mgmt: −$224
• Net cashflow: $666

Break-even live

Break-even rent $224

Max offer price $25,000

Occupancy floor 33%

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: $6,250
• Closing costs: $750
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-19
   status Pending 501-char remark

   Show marketing remark (501 chars)

   Situated on the outskirts of Roanoke, this home features some of the original wood flooring and original wood ceilings. It has a large living room area and a good-sized kitchen area. Add this home to your list of properties to see. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer to receive up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

2. 2026-04-29
   price $25,000 501-char remark

   Show marketing remark (501 chars)

   Situated on the outskirts of Roanoke, this home features some of the original wood flooring and original wood ceilings. It has a large living room area and a good-sized kitchen area. Add this home to your list of properties to see. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer to receive up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

3. 2026-04-02
   listed $32,500 Active 501-char remark

   Show marketing remark (501 chars)

   Situated on the outskirts of Roanoke, this home features some of the original wood flooring and original wood ceilings. It has a large living room area and a good-sized kitchen area. Add this home to your list of properties to see. This is a Fannie Mae HomePath property. First-time buyers, complete the HomePath Ready Buyer homeownership course on Homepath.com. Attach the certificate to your offer to receive up to 3% closing cost assistance. Check HomePath.com for more details. Restrictions apply.

4. 2019-09-06
   soldstatus $16,000

ⓘ 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: $428 · $36/mo
• Projected year-2 tax: $428 · $36/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 45% 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: $12,803
• − Mortgage interest: −$1,400
• − Property taxes: −$428
• − Insurance: −$125
• − Repairs & maintenance: −$1,024
• − Management: −$1,024
• − Depreciation: −$727
• Taxable income: $8,074
• Est. tax owed @ 24.0%: −$1,938
• After-tax cash flow: $6,050/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: Roanoke City
• NCES district ID: 0102850
• Math proficiency: 16% ▼ -19.00%
• Reading proficiency: 41% ▲ 6.00%
• Median HH income: $34,287
• Composite: 23.36/100
• National rank: #7906
• State rank: #78 of 129 in AL

Livability — Roanoke

• Score: 56/100
• State rank: #405
• US rank: #22530

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roanoke, AL
• Population (ZIP): 9,827

Population outlook (Randolph County) Hauer SSP2

• Today (2025): 22,095 people
• By 2030: 21,500 · -2.7%
• By 2040: 20,042 · -9.3%
• By 2050: 18,428 · -16.6%
• By 2075: 14,828 · -32.9%
• By 2100: 11,511 · -47.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 29% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Serbian 3% Italian 1% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Randolph

• 2024 margin: Solid R (+64.8) · D 17.3% · R 82.2%
• 2008→2024 swing: -25.3pp toward R · 2008: -39.6pp · 2024: -64.8pp
• All cycles: 2024: R+64.8 2020: R+58.6 2016: R+53.4 2012: R+39.9 2008: R+39.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -16.15%
• Current HPI: 188.5223
• 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

+56.2% since first listed

4 events — show timeline

• 2026-05-19 Pending — Greater Alabama MLS
• 2026-04-29 Price Changed $25,000 Greater Alabama MLS
• 2026-04-02 Listed $32,500 Greater Alabama MLS
• 2019-09-06 Sold (Public Records) $16,000 Public Records

Property tax history

+3.2%/yr

Latest (2024): $428 · +15.9% YoY. Source: county tax records.