4007 Lyndale Dr · Fort Payne, AL 35968

$289,900

3 bd · 1.0 ba · 1,456 sqft · SingleFamily public records · 134 Days on market

Built 1984 0.44 ac lot $199/sqft · 25% above area Est $389k · 25% under

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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).

• ARV discount +15.0/15.0
• Appreciation +10.0/10.0
• Cash flow +3.8/30.0
• Livability +3.4/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome home to this move-in ready retreat tucked into a quiet Fort Payne neighborhood near local schools. From the moment you step inside, you’ll feel the care poured into every update. New LVP flooring flows through the living areas, while plush carpet creates cozy bedrooms. The remodeled primary bath, updated lighting, trim, and new appliances add fresh style and everyday comfort. Added square footage expands your living space and opens to a brand-new back deck—perfect for morning coffee or evening unwinding. Set on nearly half an acre with a fenced backyard, 2-car garage, and extra storage/shop space, this home invites you to settle in and stay.

Key facts

• New appliances
• New lvp flooring
• Move in ready

Tags

• MOVE IN READY
• NEW LVP FLOORING
• REMODELED PRIMARY BATH
• UPDATED LIGHTING
• NEW APPLIANCES
• EXPANDED LIVING SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-833 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $143k (50.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $109k (62.6% below list).
• Recommended offer: $109k (62.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#86 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: schools F, amenities F, commute F.
• Fort Payne City (town): math 26% / reading 46% proficiency, ranked #41 of 129 in AL (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 47 active listings in the ZIP; 49 units permitted in DeKalb County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $31k of equity ($2k loan paydown + $29k appreciation (10.0% local appreciation)).
• DeKalb County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• By year 2, paydown + projected appreciation supports a ~$50k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 134 days — a 12% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 $195k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: 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 $108,559 (62.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 134 days. Have you received any prior offers? Is the seller open to a 63% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.37% ✗
• Cap rate: 2.84%
• Cash-on-cash: -12.32%
• DSCR: 0.45
• GRM: 22.3

CMA / ARV

• ARV (median comp): $389,000
• List price: $289,900
• Delta: -25.48%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4101 Greenhill Blvd NW	0.30mi	3/2.0	1,456 (0%)	15mo	$295,000	$203	70
3805 Landon Ln NW	0.27mi	3/2.0	1,640 (+13%)	18mo	$299,000	$182	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 15.7%
• Equity multiple: 2.29×
• Total profit: $104,649
• Equity at exit: $261,165

10-year hold

• IRR: 15.2%
• Equity multiple: 5.31×
• Total profit: $349,553
• Equity at exit: $563,212

Cash invested: $81,172 (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 35968

• Home prices YoY: 6.0%
• Active inventory: 47
• Price-to-rent: 22.3×

Monthly cashflow live

• Estimated rent: $1,086 medium
• Mortgage (P&I): −$1,520
• Tax from tax record: −$50 /mo · $596/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $-833

Break-even live

Break-even rent $2,140

Max offer price $142,725

Occupancy floor —

Sensitivity live

Price	-10% $-669	-5% $-751	+0% $-833	+5% $-1,246	+10% $-1,346
Rent	-10% $-919	-5% $-876	+0% $-833	+5% $-790	+10% $-747
Rate	-1.0pp $-687	-0.5pp $-759	base $-833	+0.5pp $-908	+1.0pp $-985

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: $72,475
• Closing costs: $8,697
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $289,900 Active 134 DOM
2. 2026-06-18
   days on market $289,900 Active 133 DOM
3. 2026-06-17
   days on market $289,900 Active 132 DOM
4. 2026-06-16
   days on market $289,900 Active 131 DOM
5. 2026-06-15
   days on market $289,900 Active 130 DOM
6. 2026-06-14
   days on market $289,900 Active 128 DOM
7. 2026-06-12
   days on market $289,900 Active 127 DOM
8. 2026-06-09
   days on market $289,900 Active 124 DOM
9. 2026-06-08
   days on market $289,900 Active 123 DOM
10. 2026-06-07
    days on market $289,900 Active 122 DOM
11. 2026-06-05
    days on market $289,900 Active 120 DOM
12. 2026-06-04
    days on market $289,900 Active 118 DOM
13. 2026-06-02
    days on market $289,900 Active 117 DOM
14. 2026-06-01
    days on market $289,900 Active 116 DOM
15. 2026-05-31
    days on market $289,900 Active 115 DOM
16. 2026-05-31
    days on market $289,900 Active 114 DOM
17. 2026-04-02
    price $295,000 669-char remark

    Show marketing remark (669 chars)

    Welcome home to this move-in ready retreat tucked into a quiet Fort Payne neighborhood near local schools. From the moment you step inside, you’ll feel the care poured into every update. New LVP flooring flows through the living areas, while plush carpet creates cozy bedrooms. The remodeled primary bath, updated lighting, trim, and new appliances add fresh style and everyday comfort. Added square footage expands your living space and opens to a brand-new back deck—perfect for morning coffee or evening unwinding. Set on nearly half an acre with a fenced backyard, 2-car garage, and extra storage/shop space, this home invites you to settle in and stay.

18. 2026-02-05
    listed $299,500 Active 669-char remark

    Show marketing remark (669 chars)

    Welcome home to this move-in ready retreat tucked into a quiet Fort Payne neighborhood near local schools. From the moment you step inside, you’ll feel the care poured into every update. New LVP flooring flows through the living areas, while plush carpet creates cozy bedrooms. The remodeled primary bath, updated lighting, trim, and new appliances add fresh style and everyday comfort. Added square footage expands your living space and opens to a brand-new back deck—perfect for morning coffee or evening unwinding. Set on nearly half an acre with a fenced backyard, 2-car garage, and extra storage/shop space, this home invites you to settle in and stay.

19. 2023-06-16
    soldstatus $195,000 Sold 595-char remark

    Show marketing remark (595 chars)

    Welcome to 4007 Lyndale Drive! This charming 3-bedroom 2-bathroom home has so much to offer! Such as, the open Livingroom and kitchen along with the adjoining laundry room for ease on daily tasks, the storage space in the partial basement, an attached garage, a paved driveway, mature landscaping, brick foundation, easy vinyl siding, a covered front porch, and much more! Imagine peaceful moments on the covered back porch that overlooks the fenced in back yard and woodland behind it. Don't miss your chance to own this conveniently located home in North Fort Payne, make an appointment today!

20. 2023-06-16
    soldstatus $143,500

    Show marketing remark (595 chars)

    Welcome to 4007 Lyndale Drive! This charming 3-bedroom 2-bathroom home has so much to offer! Such as, the open Livingroom and kitchen along with the adjoining laundry room for ease on daily tasks, the storage space in the partial basement, an attached garage, a paved driveway, mature landscaping, brick foundation, easy vinyl siding, a covered front porch, and much more! Imagine peaceful moments on the covered back porch that overlooks the fenced in back yard and woodland behind it. Don't miss your chance to own this conveniently located home in North Fort Payne, make an appointment today!

21. 2023-05-28
    status Pending 595-char remark

    Show marketing remark (595 chars)

    Welcome to 4007 Lyndale Drive! This charming 3-bedroom 2-bathroom home has so much to offer! Such as, the open Livingroom and kitchen along with the adjoining laundry room for ease on daily tasks, the storage space in the partial basement, an attached garage, a paved driveway, mature landscaping, brick foundation, easy vinyl siding, a covered front porch, and much more! Imagine peaceful moments on the covered back porch that overlooks the fenced in back yard and woodland behind it. Don't miss your chance to own this conveniently located home in North Fort Payne, make an appointment today!

22. 2023-05-22
    listed $195,000 Active 595-char remark

    Show marketing remark (595 chars)

    Welcome to 4007 Lyndale Drive! This charming 3-bedroom 2-bathroom home has so much to offer! Such as, the open Livingroom and kitchen along with the adjoining laundry room for ease on daily tasks, the storage space in the partial basement, an attached garage, a paved driveway, mature landscaping, brick foundation, easy vinyl siding, a covered front porch, and much more! Imagine peaceful moments on the covered back porch that overlooks the fenced in back yard and woodland behind it. Don't miss your chance to own this conveniently located home in North Fort Payne, make an appointment today!

23. 2007-10-24
    soldstatus $115,000

ⓘ 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: $596 · $50/mo
• Projected year-2 tax: $1,189 · $99/mo
• Expected delta: +$592/yr (+$49/mo · 99.3%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $13,027
• − Mortgage interest: −$16,239
• − Property taxes: −$596
• − Insurance: −$1,450
• − Repairs & maintenance: −$1,042
• − Management: −$1,042
• − Depreciation: −$8,433
• Taxable loss: −$15,775
• Est. tax savings @ 24.0%: +$3,786
• After-tax cash flow: $-6,211/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: Fort Payne City
• NCES district ID: 0101560
• Math proficiency: 26% ▼ -20.00%
• Reading proficiency: 46% ▲ 3.00%
• Median HH income: $37,802
• Composite: 29.93/100
• National rank: #6380
• State rank: #41 of 129 in AL

Livability — Fort Payne

• Score: 67/100
• State rank: #86
• US rank: #10977

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Payne, AL
• Population (ZIP): 4,540

Population outlook (DeKalb County) Hauer SSP2

• Today (2025): 71,722 people
• By 2030: 71,373 · -0.5%
• By 2040: 69,536 · -3.0%
• By 2050: 66,020 · -8.0%
• By 2075: 53,325 · -25.7%
• By 2100: 36,127 · -49.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 12% Black 6% Two or more races 6% Native American 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 2% Slovak 2% Italian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 8% Other Asian/Pacific 1%

Political lean MEDSL · DeKalb

• 2024 margin: Solid R (+74.0) · D 12.7% · R 86.7%
• 2008→2024 swing: -22.7pp toward R · 2008: -51.2pp · 2024: -74.0pp
• All cycles: 2024: R+74.0 2020: R+69.8 2016: R+69.4 2012: R+54.9 2008: R+51.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.73%
• Current HPI: 279.1118
• 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

+156.5% since first listed

7 events — show timeline

• 2026-04-02 Price Changed $295,000 VMLS
• 2026-02-05 Listed $299,500 VMLS
• 2023-06-16 Sold (Public Records) $143,500 Public Records
• 2023-06-16 Sold (MLS) $195,000 VMLS
• 2023-05-28 Pending — VMLS
• 2023-05-22 Listed $195,000 VMLS
• 2007-10-24 Sold (Public Records) $115,000 Public Records

Property tax history

+3.5%/yr

Latest (2023): $596 · +3.1% YoY. Source: county tax records.