229 Weeks Dr · Enterprise, AL 36330

$110,000

2 bd · 2.0 ba · 1,170 sqft · Townhouse public records · 13 Days on market

Built 1981 $94/sqft · 30% below area Est $157k · 30% 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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.0/10.0
• Schools +4.3/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Price to sell!!! This is a steal! End-unit townhouse offers style, space, and storage throughout. Roof was replaced in 2022. Both bedrooms are exceptionally large, with a walk-in closet in the primary bedroom. Enjoy outdoor living on the large back deck. Storage is abundant, with space under the stairs, under the deck, and a large storage room off the back door. As an end unit, the home also features a large yard and a beautiful stone fireplace that adds warmth and character. A fantastic opportunity for buyers seeking a move-in-ready townhouse with space, charm, and thoughtful updates.

Key facts

• Large back deck
• Storage room
• Large yard

Tags

• END UNIT TOWNHOUSE
• LARGE BACK DECK
• LARGE YARD
• STONE FIREPLACE
• WALK IN CLOSET
• STORAGE ROOM

Property features AI

Exterior

• Parking: No garage
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Townhouse; Two levels
• Construction: Shingle siding
• Exterior features: Front porch; Waterfront location

Interior

• Kitchen: Dishwasher; Refrigerator
• Flooring: Carpet; Tile
• Bathrooms: 2 full bathrooms
• Interior features: Double-pane windows; Window treatments; One fireplace
• Laundry & utility: Indoor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $110k.

Deal economics

• At list price, monthly cash flow is $273 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Cap rate 9.3% vs local median 4.2% in Enterprise — 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 (#127 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D, crime F, amenities F.
• Enterprise City (town): math 40% / reading 60% proficiency, ranked #12 of 129 in AL (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hillcrest Elementary School (math 52% / reading 66%, grade B-, #67 of 627 statewide, top 11%, 760 students, 54% FRL); Enterprise High School (math 34% / reading 37%, grade F, #45 of 305 statewide, top 14%, 2,117 students, 44% FRL).
• Market conditions: Rents rising (+3.9%/yr); 441 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 137 units permitted in Coffee County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $761 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.9% rent growth), your $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 23y 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 $75k; 47% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $110,000

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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.10% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.64%
• DSCR: 1.47
• GRM: 7.6

CMA / ARV

• ARV (median comp): $157,447
• List price: $110,000
• Delta: -30.14%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.92% rent growth · sell at horizon

5-year hold

• IRR: 0.6%
• Equity multiple: 1.02×
• Total profit: $660
• Equity at exit: $16,401

10-year hold

• IRR: 11.0%
• Equity multiple: 1.89×
• Total profit: $27,555
• Equity at exit: $9,511

Cash invested: $30,800 (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 36330

• Home prices YoY: -19.4%
• Rents YoY: 3.9%
• Active inventory: 441
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,207 high
• Mortgage (P&I): −$577
• Tax from tax record: −$58 /mo · $696/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $273

Break-even live

Break-even rent $862

Max offer price $110,000

Occupancy floor 72%

Sensitivity live

Price	-10% $335	-5% $304	+0% $273	+5% $242	+10% $211
Rent	-10% $178	-5% $225	+0% $273	+5% $321	+10% $368
Rate	-1.0pp $328	-0.5pp $301	base $273	+0.5pp $245	+1.0pp $216

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 Weeks Dr Unit 5 Enterprise, AL	2.0	1.5	950	$1,250	$1.32	44d	1	0.11mi
110 Gibson St Unit 4 Enterprise, AL	2.0	1.0	750	$725	$0.97	44d	1	0.60mi
300 E Brunson St Enterprise, AL	2.0	1.0	900	$800	$0.89	44d	1	0.69mi
618 N Rawls St Enterprise, AL	3.0	1.0	1140	$975	$0.86	44d	1	0.74mi
103 Green St Enterprise, AL	3.0	2.0	1075	$1,300	$1.21	44d	1	0.87mi
712 Damascus Rd Enterprise, AL	1.0	1.0	725	$815	$1.12	44d	1	1.07mi
202 Mill Ave Enterprise, AL	3.0	1.0	980	$875	$0.89	44d	1	1.41mi

Listing history 7 events

1. 2026-05-07
   listed $110,000 Active 592-char remark
2. 2026-03-02
   listed $110,000 Active 592-char remark

   Show marketing remark (592 chars)

   Price to sell!!! This is a steal! End-unit townhouse offers style, space, and storage throughout. Roof was replaced in 2022. Both bedrooms are exceptionally large, with a walk-in closet in the primary bedroom. Enjoy outdoor living on the large back deck. Storage is abundant, with space under the stairs, under the deck, and a large storage room off the back door. As an end unit, the home also features a large yard and a beautiful stone fireplace that adds warmth and character. A fantastic opportunity for buyers seeking a move-in-ready townhouse with space, charm, and thoughtful updates.

3. 2022-03-16
   price $650
4. 2008-10-09
   soldstatus $49,500

   Show marketing remark (454 chars)

   Updated Townhouse, new stainless steel appliances, roof 2 years old, new interior and exterior paint, all new light fixtures, cabinets painted crisp white, new bathroom accessories, new toilet upstairs bath. Both bedrooms are huge. Walk in closet in master. large deck on back. new 2" plantations blinds throughout. Tons of storage, under stairs, under deck and large storage room off back door. End unit with large yard. Gorgeous stone fireplace. ,

5. 2008-08-08
   listed $53,500

   Show marketing remark (454 chars)

   Updated Townhouse, new stainless steel appliances, roof 2 years old, new interior and exterior paint, all new light fixtures, cabinets painted crisp white, new bathroom accessories, new toilet upstairs bath. Both bedrooms are huge. Walk in closet in master. large deck on back. new 2" plantations blinds throughout. Tons of storage, under stairs, under deck and large storage room off back door. End unit with large yard. Gorgeous stone fireplace. ,

6. 2006-05-25
   soldstatus $48,000
7. 2003-08-07
   listed $47,800

ⓘ 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: $696 · $58/mo
• Projected year-2 tax: $696 · $58/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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% 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: $14,487
• − Mortgage interest: −$6,162
• − Property taxes: −$696
• − Insurance: −$550
• − Repairs & maintenance: −$1,159
• − Management: −$1,159
• − Depreciation: −$3,200
• Taxable income: $1,561
• Est. tax owed @ 24.0%: −$375
• After-tax cash flow: $2,901/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: Enterprise City
• NCES district ID: 0101320
• Math proficiency: 40% ▼ -20.00%
• Reading proficiency: 60% ▲ 4.00%
• Median HH income: $51,311
• Composite: 42.83/100
• National rank: #3136
• State rank: #12 of 129 in AL

Livability — Enterprise

• Score: 65/100
• State rank: #127
• US rank: #12953

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enterprise, AL
• County: Coffee County · 39,557 people
• City population: 39,557
• Metro: Enterprise, AL
• Population (ZIP): 39,557
• Household income: $75,765
• Rent vs Own: 32.4% rent · 67.6% own
• Severe rent burden: 1126.0

Population outlook (Coffee County) Hauer SSP2

• Today (2025): 53,133 people
• By 2030: 53,832 · +1.3%
• By 2040: 54,504 · +2.6%
• By 2050: 54,289 · +2.2%
• By 2075: 51,175 · -3.7%
• By 2100: 46,793 · -11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Black 17% Hispanic / Latino 13% Two or more races 9% Asian 1%
• Hispanic origin (detail): Mexican 6% Puerto Rican 3%
• Common ancestry: Italian 3% Lithuanian 2% Serbian 2%
• Foreign-born: 6% · Canada, Vietnam, South Korea
• Languages at home: 89% English-only · Spanish 8% German/W. Germanic 2%

Political lean MEDSL · Coffee

• 2024 margin: Solid R (+57.9) · D 20.7% · R 78.6%
• 2008→2024 swing: -9.0pp toward R · 2008: -48.9pp · 2024: -57.9pp
• All cycles: 2024: R+57.9 2020: R+53.1 2016: R+56.7 2012: R+49.4 2008: R+48.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -44.44%
• Current HPI: 184.0163
• Rent YoY: ▲ 3.92%
• Metro: Enterprise, 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

+56.9% since first listed

10 events — show timeline

• 2026-06-09 Sold (MLS) $75,000 WBR
• 2026-05-20 Pending — SAMLS
• 2026-05-19 Contingent — WBR
• 2026-05-07 Listed $110,000 SAMLS
• 2026-03-02 Listed $110,000 WBR
• 2022-03-16 Price Changed $650 RENT.
• 2008-10-09 Sold (MLS) $49,500 MAAR
• 2008-08-08 Listed $53,500 MAAR
• 2006-05-25 Sold (MLS) $48,000 MAAR
• 2003-08-07 Listed $47,800 MAAR

Property tax history

+5.1%/yr

Latest (2025): $696 · +6.5% YoY. Source: county tax records.