2889 Co Rd 9 · Underwood-Petersville, AL 35633

$124,900

3 bd · 1.0 ba · 1,152 sqft · SingleFamily public records · 18 Days on market

Built 1955 0.25 ac lot Est $240k · 48% under

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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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +5.8/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Peaceful country living just minutes from Cox Creek Pkwy. This adorable, 3 bedroom, 1 bath house offers 1152+/- sq ft of easy, comfortable living space with an inviting front porch. The property features a roomy . 25+/- acre lot with a privacy-fenced backyard and a small outbuilding. Must see to appreciate its warmth and beauty.

Key facts

• Front porch
• Small outbuilding
• 0.25 acre lot

Tags

• FRONT PORCH
• PRIVACY-FENCED BACKYARD
• SMALL OUTBUILDING

Property features AI

Finance

• Other: Approximately 1,152 above-grade finished area; Lot dimensions about 125.73' x 90' (0.25 acre)

Exterior

• Parking: Carport with 1 space
• Utilities: Public water; Septic tank; Electricity connected; Propane available
• Home design: Single-family residential; Vinyl siding
• Construction: Vinyl siding construction; Crawl space foundation
• Exterior features: Rain gutters; Covered front porch; Partial fencing in back yard; Few trees; Level yard; Paved road frontage on county road

Interior

• Kitchen: Dishwasher; Electric range; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms on the main level
• Flooring: Ceramic tile; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (propane); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Vaulted ceilings; Laminate countertops; Recessed lighting
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $308 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $123k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.3% in Underwood-Petersville — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Lauderdale County (rural): math 19% / reading 46% proficiency, ranked #53 of 129 in AL (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lauderdale County High School (math 23% / reading 41%, grade F, #59 of 305 statewide, top 21%, 543 students, 51% FRL).
• Market conditions: 181 active listings in the ZIP; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 9y 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $123,026 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.08% ✓
• Cap rate: 9.25%
• Cash-on-cash: 10.58%
• DSCR: 1.47
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $239,616
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3025 County Road 9	0.12mi	3/2.0	1,200 (+4%)	16mo	$250,000	$208	70

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-650
• Equity at exit: $18,623

10-year hold

• IRR: 9.1%
• Equity multiple: 1.70×
• Total profit: $24,533
• Equity at exit: $10,799

Cash invested: $34,972 (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 35633

• Home prices YoY: -22.6%
• Active inventory: 181
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,348 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$49 /mo · $594/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$283
• Net cashflow: $308

Break-even live

Break-even rent $958

Max offer price $124,900

Occupancy floor 72%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-15
   statusdays on market $124,900 Pending 18 DOM
2. 2026-06-14
   days on market $124,900 Active 17 DOM
3. 2026-06-13
   days on market $124,900 Active 16 DOM
4. 2026-06-10
   days on market $124,900 Active 14 DOM
5. 2026-06-09
   days on market $124,900 Active 13 DOM
6. 2026-06-08
   days on market $124,900 Active 12 DOM
7. 2026-06-07
   days on market $124,900 Active 11 DOM
8. 2026-06-05
   days on market $124,900 Active 8 DOM
9. 2026-06-03
   days on market $124,900 Active 7 DOM
10. 2026-06-02
    days on market $124,900 Active 6 DOM
11. 2026-06-01
    days on market $124,900 Active 5 DOM
12. 2026-05-31
    days on market $124,900 Active 4 DOM
13. 2026-05-30
    days on market $124,900 Active 3 DOM
14. 2026-05-28
    listed $124,900 Active
15. 2023-08-25
    soldstatus $112,500 Closed
16. 2023-08-17
    historical
17. 2023-07-21
    status Pending
18. 2023-07-18
    soldstatus $69,000
19. 2023-07-17
    listed $109,000 Active
20. 2023-05-22
    listed $110,000 Active
21. 2023-02-10
    price $130,000
22. 2023-01-21
    price $149,000
23. 2022-11-13
    status Active
24. 2022-10-19
    listed $150,000 Active
25. 2022-03-09
    soldstatus $57,499
26. 2018-05-21
    listed $49,500
27. 2017-11-14
    listed $49,500

ⓘ 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: $594 · $49/mo
• Projected year-2 tax: $594 · $49/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $16,174
• − Mortgage interest: −$6,996
• − Property taxes: −$594
• − Insurance: −$624
• − Repairs & maintenance: −$1,294
• − Management: −$1,294
• − Depreciation: −$3,633
• Taxable income: $1,738
• Est. tax owed @ 24.0%: −$417
• After-tax cash flow: $3,282/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: Lauderdale County
• NCES district ID: 0102010
• Math proficiency: 19% ▼ -35.00%
• Reading proficiency: 46% ▼ -7.00%
• Median HH income: $47,501
• Composite: 27.93/100
• National rank: #6863
• State rank: #53 of 129 in AL

Livability — Underwood-Petersville

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 20,733

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 7% Two or more races 5% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Serbian 1% Italian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.91%
• Current HPI: 198.6547
• 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

+152.3% since first listed

14 events — show timeline

• 2026-05-28 Listed $124,900 SAARMLS
• 2023-08-25 Sold (MLS) $112,500 SAARMLS
• 2023-08-17 Delisted — SAARMLS
• 2023-07-21 Pending — SAARMLS
• 2023-07-18 Sold (Public Records) $69,000 Public Records
• 2023-07-17 Listed $109,000 SAARMLS
• 2023-05-22 Listed $110,000 SAARMLS
• 2023-02-10 Price Changed $130,000 SAARMLS
• 2023-01-21 Price Changed $149,000 SAARMLS
• 2022-11-13 Relisted — SAARMLS
• 2022-10-19 Listed $150,000 SAARMLS
• 2022-03-09 Sold (Public Records) $57,499 Public Records
• 2018-05-21 Listed $49,500 SAARMLS
• 2017-11-14 Listed $49,500 SAARMLS

Property tax history

+13.9%/yr

Latest (2024): $594 · +5.7% YoY. Source: county tax records.