212 N Philadelphia Ave · Smiths Station, AL 36877

$235,000

3 bd · 1.0 ba · 1,370 sqft · SingleFamily public records · 2 Days on market

Built 2007 0.38 ac lot Est $212k · 11% 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 +14.3/30.0
• DSCR +4.4/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• 1% rule +2.8/10.0
• ARV discount +2.7/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Key facts

• 0.38 acre lot
• Listed 2 days

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; Single-story
• Exterior features: Patio; Gas grill; Fenced yard

Interior

• Kitchen: Dishwasher; Electric range
• Flooring: Carpet
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating
• Interior features: Walk-in closets; Fireplace in the living room
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $45 ($538/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 $182k (22.3% below list).
• Recommended offer: $182k (22.3% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.4% in Smiths Station — 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 65/100 on livability (#129 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: employment D, amenities F, commute F.
• Lee County (rural): math 23% / reading 47% proficiency, ranked #40 of 129 in AL (top 31%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: South Smiths Station Elementary School (math 38% / reading 60%, grade D, #132 of 627 statewide, top 21%, 645 students, 61% FRL); Smiths Station Junior High School (math 16% / reading 49%, grade F, #105 of 257 statewide, top 42%, 934 students, 57% FRL); Smiths Station High School (math 18% / reading 23%, grade F, #159 of 305 statewide, top 53%, 1,286 students, 49% FRL).
• Market conditions: 125 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,858 units permitted in Lee County in 2024 (113 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Lee County population projected at +54% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $140k; list at $235k implies a 68% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $182,500 (22.3% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.78% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $212,350
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
212 N Philadelphia Ave	0.00mi	3/2.0	1,370 (0%)	0mo	$236,000	$172	96
100 Lakeshore Dr	0.06mi	3/2.0	1,322 (-4%)	18mo	$160,000	$121	73
565 Byrd Ave	0.24mi	3/2.0	1,280 (-7%)	14mo	$207,000	$162	62
8410 Lee Road 246	0.27mi	3/2.0	1,402 (+2%)	24mo	$217,000	$155	60
200 Cynthia Dr	0.41mi	4/1.5 (+1)	1,433 (+5%)	11mo	$90,000	$63	57
599 Byrd Ave	0.24mi	4/3.0 (+1)	1,444 (+5%)	15mo	$214,900	$149	54

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: -15.1%
• Equity multiple: 0.46×
• Total profit: $-35,335
• Equity at exit: $35,039

10-year hold

• IRR: -6.5%
• Equity multiple: 0.58×
• Total profit: $-27,545
• Equity at exit: $20,319

Cash invested: $65,800 (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 36877

• Home prices YoY: -19.2%
• Active inventory: 125
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $1,825 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$67 /mo · $799/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $45

Break-even live

Break-even rent $1,768

Max offer price $235,000

Occupancy floor 93%

Sensitivity live

Price	-10% $178	-5% $111	+0% $45	+5% $-22	+10% $-88
Rent	-10% $-99	-5% $-27	+0% $45	+5% $117	+10% $189
Rate	-1.0pp $163	-0.5pp $105	base $45	+0.5pp $-16	+1.0pp $-78

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19707 US-280 Smiths Station, AL	1.0–3.0	1.0–2.0	1266	$1,825	$1.44	14d	7	0.86mi

Listing history 4 events

1. 2026-05-11
   status Pending
2. 2026-05-09
   price $235,000
3. 2026-05-09
   listed $235,000 Active
4. 2009-02-26
   soldstatus $140,000

ⓘ 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: $799 · $67/mo
• Projected year-2 tax: $964 · $80/mo
• Expected delta: +$164/yr (+$14/mo · 20.6%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,900
• − Mortgage interest: −$13,164
• − Property taxes: −$799
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,752
• − Management: −$1,752
• − Depreciation: −$6,836
• Taxable loss: −$3,578
• Est. tax savings @ 24.0%: +$859
• After-tax cash flow: $1,397/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: Lee County
• NCES district ID: 0102070
• Math proficiency: 23% ▼ -27.00%
• Reading proficiency: 47% ▬ 0.00%
• Median HH income: $47,786
• Composite: 30.04/100
• National rank: #6355
• State rank: #40 of 129 in AL

Livability — Smiths Station

• Score: 65/100
• State rank: #129
• US rank: #13134

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Smiths Station, AL
• Population (ZIP): 12,878

Population outlook (Lee County) Hauer SSP2

• Today (2025): 196,440 people
• By 2030: 217,417 · +10.7%
• By 2040: 259,467 · +32.1%
• By 2050: 301,557 · +53.5%
• By 2075: 402,186 · +104.7%
• By 2100: 474,503 · +141.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 21% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Slovak 1% Italian 1% Serbian 1%
• Foreign-born: 3% · Canada, Jamaica
• Languages at home: 96% English-only · Spanish 3% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+27.8) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -8.1pp toward R · 2008: -19.8pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+20.1 2016: R+23.1 2012: R+19.9 2008: R+19.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.67%
• Current HPI: 201.1033
• 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

+67.9% since first listed

4 events — show timeline

• 2026-05-11 Pending — CBOR
• 2026-05-09 Price Changed $235,000 CBOR
• 2026-05-09 Listed $235,000 CBOR
• 2009-02-26 Sold (Public Records) $140,000 Public Records

Property tax history

+3.1%/yr

Latest (2025): $799 · -8.4% YoY. Source: county tax records.