1348 Co Rd 558 · Hanceville, AL 35077

$115,000

2 bd · 1.0 ba · 1,136 sqft · SingleFamily public records · 113 Days on market

Built 1900 0.30 ac lot $101/sqft · 34% below area Est $173k · 34% under

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Why this score? — see what drove the C- 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 +16.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• 1% rule +4.6/10.0
• Livability +3.1/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming country living just minutes from Wallace Community College. Enjoy the perfect blend of peaceful country living and convenient location. This cute 2-bedroom, 1-bath home with laundry room has refinished hardwood floors. This home is situated on a level . 3-acre lot in the county. Just minutes from Wallace this property offers incredible potential for downsizing, first time home buyer, college student or savvy investor. Home sold as is and perfect for cash or conventional loan.

Key facts

• Laundry room
• Level lot
• Convenient location

Tags

• LAUNDRY ROOM
• LEVEL LOT
• CONVENIENT LOCATION

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $73 ($881/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 $110k (4.4% below list).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
• Cap rate 7.1% vs local median 3.7% in Hanceville — 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 61/100 on livability (#244 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, amenities F, commute F.
• Cullman County (rural): math 19% / reading 49% proficiency, ranked #49 of 129 in AL (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 133 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 180 units permitted in Cullman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 113 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 3 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 $85k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $104,650 (9.0% below list)

Questions for the listing agent

1. It's been on market 113 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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 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?
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: 0.96% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.74%
• DSCR: 1.12
• GRM: 8.7

CMA / ARV

• ARV (median comp): $173,368
• List price: $115,000
• Delta: -33.67%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -12.0%
• Equity multiple: 0.57×
• Total profit: $-13,940
• Equity at exit: $17,147

10-year hold

• IRR: -2.8%
• Equity multiple: 0.81×
• Total profit: $-6,048
• Equity at exit: $9,943

Cash invested: $32,200 (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 35077

• Home prices YoY: -12.6%
• Active inventory: 133
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,099 medium
• Mortgage (P&I): −$603
• Tax est. 1.5%: −$144 /mo · $1,725/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $73

Break-even live

Break-even rent $1,006

Max offer price $115,000

Occupancy floor 88%

Sensitivity live

Price	-10% $153	-5% $113	+0% $73	+5% $34	+10% $-6
Rent	-10% $-13	-5% $30	+0% $73	+5% $117	+10% $160
Rate	-1.0pp $131	-0.5pp $103	base $73	+0.5pp $44	+1.0pp $13

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
401 College Dr NE Hanceville, AL	1.0–3.0	1.0–2.0	762	$1,184	$1.55	2d	23	1.43mi

Listing history 24 events

1. 2026-06-19
   days on market $115,000 Active 113 DOM
2. 2026-06-18
   days on market $115,000 Active 112 DOM
3. 2026-06-17
   days on market $115,000 Active 111 DOM
4. 2026-06-16
   days on market $115,000 Active 110 DOM
5. 2026-06-15
   days on market $115,000 Active 109 DOM
6. 2026-06-14
   days on market $115,000 Active 107 DOM
7. 2026-06-12
   days on market $115,000 Active 106 DOM
8. 2026-06-09
   days on market $115,000 Active 103 DOM
9. 2026-06-08
   days on market $115,000 Active 102 DOM
10. 2026-06-07
    days on market $115,000 Active 101 DOM
11. 2026-06-05
    days on market $115,000 Active 98 DOM
12. 2026-06-03
    days on market $115,000 Active 97 DOM
13. 2026-06-02
    days on market $115,000 Active 96 DOM
14. 2026-06-01
    days on market $115,000 Active 95 DOM
15. 2026-05-31
    days on market $115,000 Active 94 DOM
16. 2026-05-30
    days on market $115,000 Active 93 DOM
17. 2026-02-26
    listed $115,000 Active 489-char remark

    Show marketing remark (489 chars)

    Charming country living just minutes from Wallace Community College. Enjoy the perfect blend of peaceful country living and convenient location. This cute 2-bedroom, 1-bath home with laundry room has refinished hardwood floors. This home is situated on a level . 3-acre lot in the county. Just minutes from Wallace this property offers incredible potential for downsizing, first time home buyer, college student or savvy investor. Home sold as is and perfect for cash or conventional loan.

18. 2023-11-17
    soldstatus $85,000 Closed 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

19. 2023-11-16
    soldstatus $85,000
20. 2023-10-31
    historical Active Under Contract 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

21. 2023-08-29
    status Active 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

22. 2023-08-17
    historical 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

23. 2023-07-12
    price $89,900 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

24. 2023-05-04
    listed $106,000 Active 338-char remark

    Show marketing remark (338 chars)

    CALLING ALL INVESTORS! PERFECT FLIPPER HOUSE OR STARTER HOME! LOCATED VERY CLOSE WALLACE STATE COMMUNITY COLLEGE . COUNTRY LIVING AT THIS FINEST WHILE STILL BEING CLOSE TO SHOPPING, SCHOOLS, AN DRESTURANTS. 2 BEDROOM/1 BATH HOME WITH OUTBUILDING AND PLENTY OF ROOM FOR ENTERTAINING FRIENDS AND FAMILY! PERFECT FOR ALL COLLEGE STUDENTS!

ⓘ 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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,188
• − Mortgage interest: −$6,442
• − Property taxes: −$1,725
• − Insurance: −$575
• − Repairs & maintenance: −$1,055
• − Management: −$1,055
• − Depreciation: −$3,345
• Taxable loss: −$1,010
• Est. tax savings @ 24.0%: +$242
• After-tax cash flow: $1,124/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: Cullman County
• NCES district ID: 0101020
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 49% ▲ 1.00%
• Median HH income: $39,449
• Composite: 28.39/100
• National rank: #6767
• State rank: #49 of 129 in AL

Livability — Hanceville

• Score: 61/100
• State rank: #244
• US rank: #17639

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cullman County · 47,767 people
• City population: 13,107
• Metro: Cullman, AL
• Population (ZIP): 13,107
• Household income: $48,276
• Rent vs Own: 27.8% rent · 72.2% own
• Severe rent burden: 323.0

Population outlook (Cullman County) Hauer SSP2

• Today (2025): 84,522 people
• By 2030: 85,402 · +1.0%
• By 2040: 86,152 · +1.9%
• By 2050: 85,202 · +0.8%
• By 2075: 79,679 · -5.7%
• By 2100: 66,943 · -20.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Black 4% Hispanic / Latino 3%
• Common ancestry: Serbian 2% Slovak 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Cullman

• 2024 margin: Solid R (+80.5) · D 9.4% · R 89.9%
• 2008→2024 swing: -15.3pp toward R · 2008: -65.2pp · 2024: -80.5pp
• All cycles: 2024: R+80.5 2020: R+77.4 2016: R+77.8 2012: R+69.5 2008: R+65.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.31%
• Current HPI: 258.7978
• Rent YoY: —
• Metro: Cullman, 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

+8.5% since first listed

8 events — show timeline

• 2026-02-26 Listed $115,000 SAARMLS
• 2023-11-17 Sold (MLS) $85,000 SAARMLS
• 2023-11-16 Sold (Public Records) $85,000 Public Records
• 2023-10-31 Contingent — SAARMLS
• 2023-08-29 Relisted — SAARMLS
• 2023-08-17 Delisted — SAARMLS
• 2023-07-12 Price Changed $89,900 SAARMLS
• 2023-05-04 Listed $106,000 SAARMLS

Property tax history

-61.9%/yr

Latest (2025): $129 · -61.9% YoY. Source: county tax records.