1481 County Road 69 · Prattville, AL 36067

$180,000

3 bd · 1.0 ba · 1,300 sqft · SingleFamily public records · 82 Days on market

Built 1965 1.00 ac lot $138/sqft · 9% above area Est $165k · 9% over

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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 +21.7/30.0
• DSCR +6.9/10.0
• 1% rule +4.4/10.0
• Rent growth +3.9/5.0
• Livability +3.8/5.0
• ARV discount +3.4/15.0
• Schools +3.2/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming 3-bedroom, 2 bath home located in the Billingsley school district with a Prattville address. With approximately 1,300 square feet, this home offers a comfortable layout, a spacious living room with a beautiful stone fireplace, a large kitchen with stainless appliances, abundant cabinet and counter space, and a generous dining area made for gathering. The covered front porch, peaceful setting, and mature trees create a cozy feel that is hard to find. Covered patio off the back of the house with a 2-car carport, workshop and storage building. Convenient to Prattville while offering a more relaxed, tucked-away atmosphere, this home is ready for its next chapter.

Key facts

• Stainless appliances
• Large kitchen
• Stone fireplace

Tags

• SPACIOUS LIVING ROOM
• STONE FIREPLACE
• LARGE KITCHEN
• STAINLESS APPLIANCES
• ABUNDANT CABINET SPACE
• GENEROUS DINING AREA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $278 ($3k/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 $170k (5.6% below list).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.2% in Prattville — 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 76/100 on livability (#11 in AL, #3,273 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities D, commute F.
• Autauga County (rural): math 23% / reading 50% proficiency, ranked #34 of 129 in AL (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.8%/yr); 131 active listings in the ZIP; 221 units permitted in Autauga County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Autauga County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.8% rent growth), your $50k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $156k; 15% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,200 (6.0% 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 6% concession, seller financing, or rate buy-down credit?
2. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.94% ✗
• Cap rate: 8.15%
• Cash-on-cash: 6.62%
• DSCR: 1.29
• GRM: 8.8

CMA / ARV

• ARV (median comp): $165,000
• List price: $180,000
• Delta: 9.09%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.78% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-6,650
• Equity at exit: $26,839

10-year hold

• IRR: 8.8%
• Equity multiple: 1.75×
• Total profit: $37,902
• Equity at exit: $15,563

Cash invested: $50,400 (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 36067

• Home prices YoY: -12.4%
• Rents YoY: 5.8%
• Active inventory: 131
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,699 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$45 /mo · $543/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$357
• Net cashflow: $278

Break-even live

Break-even rent $1,347

Max offer price $180,000

Occupancy floor 79%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   status $180,000 Active 82 DOM
2. 2026-06-18
   days on market $180,000 Contingent 82 DOM
3. 2026-06-17
   days on market $180,000 Contingent 81 DOM
4. 2026-06-16
   days on market $180,000 Contingent 80 DOM
5. 2026-06-15
   days on market $180,000 Contingent 79 DOM
6. 2026-06-14
   days on market $180,000 Contingent 77 DOM
7. 2026-06-13
   statusdays on market $180,000 Contingent 76 DOM
8. 2026-06-10
   days on market $180,000 Active 74 DOM
9. 2026-06-09
   days on market $180,000 Active 73 DOM
10. 2026-06-08
    days on market $180,000 Active 72 DOM
11. 2026-06-07
    days on market $180,000 Active 71 DOM
12. 2026-06-03
    days on market $180,000 Active 67 DOM
13. 2026-06-02
    statusdays on market $180,000 Active 66 DOM
14. 2026-06-01
    days on market $180,000 Contingent 65 DOM
15. 2026-05-31
    days on market $180,000 Contingent 64 DOM
16. 2026-05-30
    days on market $180,000 Contingent 63 DOM
17. 2026-05-12
    historical Contingent 697-char remark

    Show marketing remark (697 chars)

    Welcome home to this charming 3-bedroom, 2 bath home located in the Billingsley school district with a Prattville address. With approximately 1,300 square feet, this home offers a comfortable layout, a spacious living room with a beautiful stone fireplace, a large kitchen with stainless appliances, abundant cabinet and counter space, and a generous dining area made for gathering. The covered front porch, peaceful setting, and mature trees create a cozy feel that is hard to find. Covered patio off the back of the house with a 2-car carport, workshop and storage building. Convenient to Prattville while offering a more relaxed, tucked-away atmosphere, this home is ready for its next chapter.

18. 2026-03-28
    listed $180,000 Active 697-char remark

    Show marketing remark (697 chars)

    Welcome home to this charming 3-bedroom, 2 bath home located in the Billingsley school district with a Prattville address. With approximately 1,300 square feet, this home offers a comfortable layout, a spacious living room with a beautiful stone fireplace, a large kitchen with stainless appliances, abundant cabinet and counter space, and a generous dining area made for gathering. The covered front porch, peaceful setting, and mature trees create a cozy feel that is hard to find. Covered patio off the back of the house with a 2-car carport, workshop and storage building. Convenient to Prattville while offering a more relaxed, tucked-away atmosphere, this home is ready for its next chapter.

19. 2020-06-11
    soldstatus $156,000
20. 2020-06-01
    soldstatus $156,000 1022-char remark

    Show marketing remark (1022 chars)

    COUNTRY LIVING AT ITS BEST!! You will love this 14 acre property with loads of fruit trees and pasture land! You will enjoy all of the natural surroundings which include a stream for the hot summer days ahead. The home features 3 bedrooms and 2 bathrooms with over 1300 square feet of living space. The country kitchen has loads of cabinets with updated appliances. You can enjoy your family meals together in the large Dining area and there is also a convenient breakfast bar. Sit on the covered back patio and enjoy that book you always wanted to read and listen to the sweet sound of the birds in the background. The greatroom has a custom fireplace will be the focal point for all of your gatherings. Outside you will find several buildings for storage and workshops. The roof and HVAC were recently installed so no need to worry about upgrading anytime soon!! You will know this home has been loved by the same owners for over 30 years when you walk inside. You will be happy to make this house your Home Sweet Home!!

21. 2020-05-05
    listed $154,900 1022-char remark

    Show marketing remark (1022 chars)

    COUNTRY LIVING AT ITS BEST!! You will love this 14 acre property with loads of fruit trees and pasture land! You will enjoy all of the natural surroundings which include a stream for the hot summer days ahead. The home features 3 bedrooms and 2 bathrooms with over 1300 square feet of living space. The country kitchen has loads of cabinets with updated appliances. You can enjoy your family meals together in the large Dining area and there is also a convenient breakfast bar. Sit on the covered back patio and enjoy that book you always wanted to read and listen to the sweet sound of the birds in the background. The greatroom has a custom fireplace will be the focal point for all of your gatherings. Outside you will find several buildings for storage and workshops. The roof and HVAC were recently installed so no need to worry about upgrading anytime soon!! You will know this home has been loved by the same owners for over 30 years when you walk inside. You will be happy to make this house your Home Sweet Home!!

ⓘ 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: $543 · $45/mo
• Projected year-2 tax: $738 · $62/mo
• Expected delta: +$195/yr (+$16/mo · 36.0%)

ⓘ 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 7/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,390
• − Mortgage interest: −$10,083
• − Property taxes: −$543
• − Insurance: −$900
• − Repairs & maintenance: −$1,631
• − Management: −$1,631
• − Depreciation: −$5,236
• Taxable income: $366
• Est. tax owed @ 24.0%: −$88
• After-tax cash flow: $3,250/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: Autauga County
• NCES district ID: 0100240
• Math proficiency: 23% ▼ -31.00%
• Reading proficiency: 50% ▼ -5.00%
• Median HH income: $52,974
• Composite: 31.77/100
• National rank: #5892
• State rank: #34 of 129 in AL

Livability — Prattville

• Score: 76/100
• State rank: #11
• US rank: #3273

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Autauga County · 50,925 people
• City population: 50,925
• Metro: Montgomery, AL
• Population (ZIP): 28,293
• Household income: $65,593
• Rent vs Own: 23.0% rent · 77.0% own
• Severe rent burden: 389.0

Population outlook (Autauga County) Hauer SSP2

• Today (2025): 55,958 people
• By 2030: 55,810 · -0.3%
• By 2040: 54,892 · -1.9%
• By 2050: 53,062 · -5.2%
• By 2075: 49,425 · -11.7%
• By 2100: 45,110 · -19.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 20% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Autauga

• 2024 margin: Solid R (+46.3) · D 26.4% · R 72.7%
• 2008→2024 swing: +1.6pp toward D · 2008: -47.8pp · 2024: -46.3pp
• All cycles: 2024: R+46.3 2020: R+44.4 2016: R+49.5 2012: R+46.0 2008: R+47.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -29.98%
• Current HPI: 211.1676
• Rent YoY: ▲ 5.78%
• Metro: Montgomery, AL
• 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

+16.2% since first listed

5 events — show timeline

• 2026-05-12 Contingent — Greater Alabama MLS
• 2026-03-28 Listed $180,000 Greater Alabama MLS
• 2020-06-11 Sold (Public Records) $156,000 Public Records
• 2020-06-01 Sold (MLS) $156,000 MAAR
• 2020-05-05 Listed $154,900 MAAR

Property tax history

+6.3%/yr

Latest (2025): $543 · +3.8% YoY. Source: county tax records.