3426 Dobbs Rd · Alexander City, AL 35010

$134,000

3 bd · 1.0 ba · 1,240 sqft · SingleFamily public records · 82 Days on market

Built 1981 0.32 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 +16.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +3.4/10.0
• 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

COMPLETELY remodeled and ready to move in! SUPER cute 3 bedroom/2 bath home that features a huge living room that is open to the dining room. Freshly painted inside and out. Brand new flooring through the entire home. Fenced back yard with 2 storage buildings, 12X25 and 8X8. Perfect yard for the kids and fur babies to run and play. Move in ready and all appliances are included! In a wonderful neighborhood that is so convenient to everything. Call today for your personal tour.

Key facts

• Galley kitchen
• Storage building
• Storage over carport

Tags

• LIVING DINING ROOM
• GALLEY KITCHEN
• PATIO OVERLOOKING YARD
• FENCED REAR YARD
• STORAGE BUILDING
• STORAGE OVER CARPORT

Property features AI

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public sewer
• Home design: Single-family residence; Residential property; HardiPlank-type exterior
• Construction: Composition roof; Slab foundation; HardiPlank-type construction
• Exterior features: Patio; Fenced yard; On waterfront

Interior

• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central electric heating; Electric cooling
• Interior features: Carpet and tile flooring; 6 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $74 ($891/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 $113k (15.6% below list).
• Recommended offer: $113k (15.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 2.5% in Alexander City — 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 55/100 on livability (#426 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: crime F, amenities F, commute F.
• Alexander City (town): math 18% / reading 39% proficiency, ranked #77 of 129 in AL (top 60%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Jim Pearson Elementary School (772 students, 46% FRL); Alexander City Middle School (math 12% / reading 39%, grade F, #158 of 257 statewide, top 63%, 459 students, 43% FRL); Benjamin Russell High School (math 17% / reading 22%, grade F, #169 of 305 statewide, top 59%, 812 students, 38% FRL).
• Market conditions: 205 active listings in the ZIP; 218 units permitted in Tallapoosa County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Tallapoosa County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $28k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 44% 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 $113,160 (15.6% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 16% 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. 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: 0.84% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.37%
• DSCR: 1.11
• GRM: 9.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -12.6%
• Equity multiple: 0.55×
• Total profit: $-17,034
• Equity at exit: $19,980

10-year hold

• IRR: -3.6%
• Equity multiple: 0.76×
• Total profit: $-8,940
• Equity at exit: $11,586

Cash invested: $37,520 (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 35010

• Home prices YoY: -22.3%
• Active inventory: 205
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,132 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$61 /mo · $734/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $74

Break-even live

Break-even rent $1,038

Max offer price $134,000

Occupancy floor 88%

Sensitivity live

Price	-10% $150	-5% $112	+0% $74	+5% $36	+10% $-2
Rent	-10% $-15	-5% $30	+0% $74	+5% $119	+10% $164
Rate	-1.0pp $142	-0.5pp $108	base $74	+0.5pp $40	+1.0pp $4

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $134,000 Active 82 DOM
2. 2026-06-19
   days on market $134,000 Active 80 DOM
3. 2026-06-18
   days on market $134,000 Active 79 DOM
4. 2026-06-17
   days on market $134,000 Active 78 DOM
5. 2026-06-16
   days on market $134,000 Active 77 DOM
6. 2026-06-15
   days on market $134,000 Active 76 DOM
7. 2026-06-14
   days on market $134,000 Active 74 DOM
8. 2026-06-12
   days on market $134,000 Active 73 DOM
9. 2026-06-09
   days on market $134,000 Active 70 DOM
10. 2026-06-08
    days on market $134,000 Active 69 DOM
11. 2026-06-07
    days on market $134,000 Active 68 DOM
12. 2026-06-07
    days on market $134,000 Active 67 DOM
13. 2026-06-04
    pricedays on market $134,000 Active 64 DOM
14. 2026-06-02
    days on market $146,500 Active 63 DOM
15. 2026-06-01
    days on market $146,500 Active 62 DOM
16. 2026-05-31
    days on market $146,500 Active 61 DOM
17. 2026-05-31
    days on market $146,500 Active 60 DOM
18. 2026-04-30
    price $146,500
19. 2026-03-31
    listed $162,000 Active
20. 2019-12-06
    soldstatus $129,500 480-char remark

    Show marketing remark (480 chars)

    COMPLETELY remodeled and ready to move in! SUPER cute 3 bedroom/2 bath home that features a huge living room that is open to the dining room. Freshly painted inside and out. Brand new flooring through the entire home. Fenced back yard with 2 storage buildings, 12X25 and 8X8. Perfect yard for the kids and fur babies to run and play. Move in ready and all appliances are included! In a wonderful neighborhood that is so convenient to everything. Call today for your personal tour.

21. 2019-12-06
    soldstatus $129,500

    Show marketing remark (480 chars)

    COMPLETELY remodeled and ready to move in! SUPER cute 3 bedroom/2 bath home that features a huge living room that is open to the dining room. Freshly painted inside and out. Brand new flooring through the entire home. Fenced back yard with 2 storage buildings, 12X25 and 8X8. Perfect yard for the kids and fur babies to run and play. Move in ready and all appliances are included! In a wonderful neighborhood that is so convenient to everything. Call today for your personal tour.

22. 2019-09-16
    listed $135,000 480-char remark

    Show marketing remark (480 chars)

    COMPLETELY remodeled and ready to move in! SUPER cute 3 bedroom/2 bath home that features a huge living room that is open to the dining room. Freshly painted inside and out. Brand new flooring through the entire home. Fenced back yard with 2 storage buildings, 12X25 and 8X8. Perfect yard for the kids and fur babies to run and play. Move in ready and all appliances are included! In a wonderful neighborhood that is so convenient to everything. Call today for your personal tour.

23. 2002-09-20
    soldstatus $65,000

ⓘ 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: $734 · $61/mo
• Projected year-2 tax: $734 · $61/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 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 44% 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: $13,579
• − Mortgage interest: −$7,506
• − Property taxes: −$734
• − Insurance: −$670
• − Repairs & maintenance: −$1,086
• − Management: −$1,086
• − Depreciation: −$3,898
• Taxable loss: −$1,402
• Est. tax savings @ 24.0%: +$336
• After-tax cash flow: $1,227/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: Alexander City
• NCES district ID: 0100030
• Math proficiency: 18% ▼ -25.00%
• Reading proficiency: 39% ▲ 1.00%
• Median HH income: $35,482
• Composite: 23.49/100
• National rank: #7871
• State rank: #77 of 129 in AL

Livability — Alexander City

• Score: 55/100
• State rank: #426
• US rank: #23127

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alexander City, AL
• City population: 19,619
• Population (ZIP): 19,619

Population outlook (Tallapoosa County) Hauer SSP2

• Today (2025): 38,909 people
• By 2030: 37,413 · -3.8%
• By 2040: 33,935 · -12.8%
• By 2050: 30,467 · -21.7%
• By 2075: 22,716 · -41.6%
• By 2100: 15,167 · -61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 59% Black 29% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Italian 1% Serbian 1% Slovak 1%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3% Korean 1% German/W. Germanic 1%

Political lean MEDSL · Tallapoosa

• 2024 margin: Solid R (+49.6) · D 24.9% · R 74.5%
• 2008→2024 swing: -13.1pp toward R · 2008: -36.5pp · 2024: -49.6pp
• All cycles: 2024: R+49.6 2020: R+43.4 2016: R+41.6 2012: R+32.4 2008: R+36.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -48.88%
• Current HPI: 170.2791
• 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

+125.4% since first listed

6 events — show timeline

• 2026-04-30 Price Changed $146,500 LMMLS
• 2026-03-31 Listed $162,000 LMMLS
• 2019-12-06 Sold (Public Records) $129,500 Public Records
• 2019-12-06 Sold (MLS) $129,500 LMMLS
• 2019-09-16 Listed $135,000 LMMLS
• 2002-09-20 Sold (Public Records) $65,000 Public Records

Property tax history

+12.1%/yr

Latest (2025): $734 · +0.0% YoY. Source: county tax records.