220 Liberty St · Atmore, AL 36502

$65,000

3 bd · 1.0 ba · 1,670 sqft · SingleFamily public records · 46 Days on market

Built 1960 0.50 ac lot $39/sqft · 33% below area Est $97k · 33% under ↓ 13% 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

Key facts

• Separate den
• Double lot
• Brick home

Tags

• DOUBLE LOT
• BRICK HOME
• SEPARATE DEN
• WOOD CABINETRY
• PLENTY OF COUNTER SPACE
• NEWER ELECTRIC RANGE

Property features AI

Finance

• Other: Lot approximately 0.5 acre (50x190) with central access; Other structures include a yard building
• HOA & community: No homeowners association

Exterior

• Parking: Open parking with driveway and both front and rear entrances
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer; Circuit breaker electric service; Cable available
• Home design: Single-story brick and frame home; Resale property; Not attached to another unit; Ridge vent (energy-efficient feature); Public paved road access
• Construction: Composition roof; Off-grade foundation; One level
• Exterior features: Partial chain-link fencing; Porch (screened); Yard building

Interior

• Kitchen: Updated kitchen with pantry; Stove; Built-in microwave; Refrigerator
• Bedrooms: Three bedrooms on the first floor (12x12, 10x12, 10x11)
• Flooring: Hardwood; Carpet; See remarks
• Bathrooms: One full bathroom
• Heating & cooling: Wall/window heating; Wall/window cooling; Ceiling fan(s)
• Interior features: Baseboards; Crown molding; High-speed internet; Storm door(s)
• Laundry & utility: Inside laundry with washer/dryer hookups; Dryer; Washer; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $811 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $65k).
• Recommended offer: $63k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.3% vs local median 7.4% in Atmore — 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 50/100 on livability (#530 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, crime F, amenities F.
• Escambia County (town): math 17% / reading 39% proficiency, ranked #83 of 129 in AL (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 115 active listings in the ZIP; 18 units permitted in Escambia County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Escambia County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($63k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $10k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $63,050 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 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 1960 — 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 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: 2.45% ✓
• Cap rate: 21.26%
• Cash-on-cash: 53.46%
• DSCR: 3.38
• GRM: 3.4

CMA / ARV

• ARV (median comp): $96,516
• List price: $65,000
• Delta: -32.65%
• 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
135 Carver Ave	0.51mi	4/2.5 (+1)	1,664 (-0%)	17mo	$50,000	$30	50

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: 51.6%
• Equity multiple: 3.26×
• Total profit: $41,131
• Equity at exit: $9,692

10-year hold

• IRR: 56.9%
• Equity multiple: 6.63×
• Total profit: $102,409
• Equity at exit: $5,620

Cash invested: $18,200 (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 36502

• Home prices YoY: -23.4%
• Active inventory: 115
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $1,595 medium
• Mortgage (P&I): −$341
• Tax est. 1.5%: −$81 /mo · $975/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $811

Break-even live

Break-even rent $569

Max offer price $65,000

Occupancy floor 44%

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: $16,250
• Closing costs: $1,950
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $65,000 Active 46 DOM
2. 2026-06-18
   days on market $65,000 Active 45 DOM
3. 2026-06-17
   price $65,000 Active 44 DOM
4. 2026-06-17
   days on market $75,000 Active 44 DOM
5. 2026-06-16
   days on market $75,000 Active 43 DOM
6. 2026-06-15
   days on market $75,000 Active 42 DOM
7. 2026-06-14
   days on market $75,000 Active 40 DOM
8. 2026-06-12
   days on market $75,000 Active 39 DOM
9. 2026-06-09
   days on market $75,000 Active 36 DOM
10. 2026-06-08
    days on market $75,000 Active 35 DOM
11. 2026-06-07
    days on market $75,000 Active 34 DOM
12. 2026-06-04
    days on market $75,000 Active 30 DOM
13. 2026-06-02
    days on market $75,000 Active 29 DOM
14. 2026-06-01
    days on market $75,000 Active 28 DOM
15. 2026-05-31
    days on market $75,000 Active 27 DOM
16. 2026-05-31
    days on market $75,000 Active 26 DOM
17. 2026-05-12
    status Active 1312-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

18. 2026-05-12
    status Active 1263-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

19. 2026-05-06
    status Pending 1263-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

20. 2026-05-06
    status Pending 1312-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

21. 2026-04-28
    listed $75,000 Active 1312-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

22. 2026-04-28
    listed $75,000 Active 1263-char remark

    Show marketing remark (1312 chars)

    Solid bones, a double lot, and real potential — this brick home in Atmore, Alabama is being sold as-is and ready for its next chapter with some TLC — priced accordingly, and well worth the effort for the right buyer. The 1,670 sf layout does the work for you: a living room and a separate den give you built-in flexibility. Use the extra space however it suits you. The kitchen keeps things practical with wood cabinetry, plenty of counter space, a refrigerator, and a newer electric range. Three comfortably sized bedrooms, a full bath with a stand-up shower, a large laundry room, window unit cooling, and gas wall heat round things out inside. Outside, the property opens up. Half an acre across two lots, with frontage on both Liberty Street and Franklin Street, the property offers a unique dual-access setup. The yard is mostly fenced, shaded by mature trees, and anchored by a spacious screened-in back porch and storage shed. Partial roof replacement completed approximately 2021 (rear); front section replaced 2005; and all city utilities in place. Atmore sits at the crossroads of U. S. Highway 31 and I-65, less than an hour from both Mobile and Pensacola — connected enough for convenience, small enough to still feel like home. Buyer to verify all information during due diligence.

ⓘ 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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% 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: $19,139
• − Mortgage interest: −$3,641
• − Property taxes: −$975
• − Insurance: −$325
• − Repairs & maintenance: −$1,531
• − Management: −$1,531
• − Depreciation: −$1,891
• Taxable income: $9,245
• Est. tax owed @ 24.0%: −$2,219
• After-tax cash flow: $7,511/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: Escambia County
• NCES district ID: 0101350
• Math proficiency: 17% ▼ -27.00%
• Reading proficiency: 39% ▼ -4.00%
• Median HH income: $31,905
• Composite: 22.73/100
• National rank: #8036
• State rank: #83 of 129 in AL

Livability — Atmore

• Score: 50/100
• State rank: #530
• US rank: #25632

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atmore, AL
• City population: 1,121
• Population (ZIP): 16,008

Population outlook (Escambia County) Hauer SSP2

• Today (2025): 36,683 people
• By 2030: 35,844 · -2.3%
• By 2040: 34,393 · -6.2%
• By 2050: 33,109 · -9.7%
• By 2075: 28,305 · -22.8%
• By 2100: 21,091 · -42.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 49% Black 40% Native American 7% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Iranian 3% Slovak 1% Serbian 1%
• Foreign-born: 1% · Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Escambia

• 2024 margin: Solid R (+46.4) · D 26.6% · R 72.9%
• 2008→2024 swing: -17.8pp toward R · 2008: -28.5pp · 2024: -46.4pp
• All cycles: 2024: R+46.4 2020: R+37.4 2016: R+36.7 2012: R+25.5 2008: R+28.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -58.16%
• Current HPI: 190.1872
• 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

-13.3% since first listed

7 events — show timeline

• 2026-06-17 Price Changed $65,000 PARMLS
• 2026-05-12 Relisted — BCAR
• 2026-05-12 Relisted — PARMLS
• 2026-05-06 Pending — PARMLS
• 2026-05-06 Pending — BCAR
• 2026-04-28 Listed $75,000 BCAR
• 2026-04-28 Listed $75,000 PARMLS