314 2nd Ave N · Red Bay, AL 35582

$77,288

3 bd · 1.0 ba · 1,232 sqft · SingleFamily · 77 Days on market

Built 1940 Fair condition 0.50 ac lot $63/sqft · 38% below area Est $124k · 38% under ↓ 23% since listing

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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 +29.3/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• Appreciation +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.2/10.0
• Condition / age +2.2/5.0

Listing remarks MLS

Classic 3BR/1BA starter home on a level lot in a convenient central location. Features low-maintenance vinyl siding and metal roof. Functional floor plan with ample natural light. Large detached outbuilding offers great storage or workshop space. Priced to sell.

Key facts

• Great storage
• Workshop space
• Metal roof

Tags

• LEVEL LOT
• LOW-MAINTENANCE VINYL SIDING
• METAL ROOF
• LARGE DETACHED OUTBUILDING
• GREAT STORAGE
• WORKSHOP SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $77k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $77k).
• Recommended offer: $73k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#194 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, crime B; Watch: schools D, amenities F, commute F.
• Franklin County (rural): math 17% / reading 36% proficiency, ranked #84 of 129 in AL (top 65%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 24 active listings in the ZIP; 15 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $527 of equity ($534 loan paydown + $-7 appreciation (-0.0% local appreciation)).
• At projected returns (-0.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($73k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $72,650 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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: 1.32% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.08%
• DSCR: 1.67
• GRM: 6.3

CMA / ARV

• ARV (median comp): $123,699
• List price: $77,288
• Delta: -37.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 4th Ave SE	0.25mi	2/1.0 (-1)	1,236 (+0%)	14mo	$110,000	$89	71
710 8th St SE	0.37mi	3/2.0	1,301 (+6%)	11mo	$80,000	$61	60
503 5th Ave SW	0.71mi	2/1.0 (-1)	1,270 (+3%)	7mo	$60,000	$47	51
729 NE 10th St	0.63mi	3/2.0	1,344 (+9%)	24mo	$115,000	$86	31

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-0.01% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.5%
• Equity multiple: 1.69×
• Total profit: $15,040
• Equity at exit: $22,408

10-year hold

• IRR: 19.1%
• Equity multiple: 3.11×
• Total profit: $45,561
• Equity at exit: $26,909

Cash invested: $21,641 (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 35582

• Home prices YoY: -0.0%
• Active inventory: 24
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,020 medium
• Mortgage (P&I): −$405
• Tax est. 1.5%: −$97 /mo · $1,159/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $272

Break-even live

Break-even rent $676

Max offer price $77,288

Occupancy floor 68%

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: $19,322
• Closing costs: $2,319
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-05-05
   status Pending 262-char remark

   Show marketing remark (262 chars)

   Classic 3BR/1BA starter home on a level lot in a convenient central location. Features low-maintenance vinyl siding and metal roof. Functional floor plan with ample natural light. Large detached outbuilding offers great storage or workshop space. Priced to sell.

2. 2026-04-21
   price $77,288 262-char remark

   Show marketing remark (262 chars)

   Classic 3BR/1BA starter home on a level lot in a convenient central location. Features low-maintenance vinyl siding and metal roof. Functional floor plan with ample natural light. Large detached outbuilding offers great storage or workshop space. Priced to sell.

3. 2026-03-05
   price $90,000 262-char remark

   Show marketing remark (262 chars)

   Classic 3BR/1BA starter home on a level lot in a convenient central location. Features low-maintenance vinyl siding and metal roof. Functional floor plan with ample natural light. Large detached outbuilding offers great storage or workshop space. Priced to sell.

4. 2026-02-18
   listed $100,000 Active 262-char remark

   Show marketing remark (262 chars)

   Classic 3BR/1BA starter home on a level lot in a convenient central location. Features low-maintenance vinyl siding and metal roof. Functional floor plan with ample natural light. Large detached outbuilding offers great storage or workshop space. Priced to sell.

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $12,243
• − Mortgage interest: −$4,329
• − Property taxes: −$1,159
• − Insurance: −$386
• − Repairs & maintenance: −$979
• − Management: −$979
• − Depreciation: −$2,248
• Taxable income: $2,161
• Est. tax owed @ 24.0%: −$519
• After-tax cash flow: $2,744/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.

Condition & rehab AI · 6 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations, including landscaping, fencing, and interior and exterior painting, as well as new flooring and a new roof. These updates would significantly increase its resale and rental value.

Repairs flagged

• Major Landscaping — Overgrown and needs trimming.
• Major Fencing — Sections are missing and in poor condition.
• Major Flooring — Worn carpet needs replacement.
• Moderate Exterior paint — Vinyl siding shows some wear and needs touch-up or repainting.
• Moderate Interior paint — Paint appears faded and needs touch-up or repainting.
• Minor Roof — Metal roof appears intact and no immediate issues are visible.

Value-add opportunities

• Both Landscaping — Aesthetic improvement and increased curb appeal.
• Both Fencing — Safety and property boundary enhancement.
• Both Flooring — Fresh carpeting would improve the home's appearance and comfort.
• Both Exterior paint — Fresh paint would improve the home's curb appeal and value.
• Both Interior paint — Fresh paint would improve the home's appearance and value.
• Resale Roof — A new roof would significantly increase the home's resale value and reduce maintenance costs.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Overgrown and needs trimming.	Major	$15,000–50,000
Fencing · Sections are missing and in poor condition.	Major	$15,000–50,000
Flooring · Worn carpet needs replacement.	Major	$15,000–50,000
Exterior paint · Vinyl siding shows some wear and needs touch-up or repainting.	Moderate	$3,000–15,000
Interior paint · Paint appears faded and needs touch-up or repainting.	Moderate	$3,000–15,000
Roof · Metal roof appears intact and no immediate issues are visible.	Minor	$500–3,000
Total estimated repair cost · 6 items		$51,500–183,000

Value-add ROI direction

• Both Landscaping — Aesthetic improvement and increased curb appeal. ↑
• Both Fencing — Safety and property boundary enhancement. ↑
• Both Flooring — Fresh carpeting would improve the home's appearance and comfort. ↑
• Both Exterior paint — Fresh paint would improve the home's curb appeal and value. ↑
• Both Interior paint — Fresh paint would improve the home's appearance and value. ↑
• Resale Roof — A new roof would significantly increase the home's resale value and reduce maintenance costs. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Franklin County
• NCES district ID: 0101590
• Math proficiency: 17% ▼ -21.00%
• Reading proficiency: 36% ▼ -1.00%
• Median HH income: $37,979
• Composite: 22.08/100
• National rank: #8187
• State rank: #84 of 129 in AL

Livability — Red Bay

• Score: 63/100
• State rank: #194
• US rank: #15693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Red Bay, AL
• Population (ZIP): 4,507

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 31,545 people
• By 2030: 31,335 · -0.7%
• By 2040: 30,983 · -1.8%
• By 2050: 30,744 · -2.5%
• By 2075: 30,173 · -4.3%
• By 2100: 29,478 · -6.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 7% Two or more races 2%
• Common ancestry: Slovak 4% Italian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 5%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+73.3) · D 13.0% · R 86.2%
• 2008→2024 swing: -34.1pp toward R · 2008: -39.2pp · 2024: -73.3pp
• All cycles: 2024: R+73.3 2020: R+65.9 2016: R+60.8 2012: R+40.5 2008: R+39.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▬ -0.01%
• Current HPI: 172.2008
• 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

-22.7% since first listed

4 events — show timeline

• 2026-05-05 Pending — SAARMLS
• 2026-04-21 Price Changed $77,288 SAARMLS
• 2026-03-05 Price Changed $90,000 SAARMLS
• 2026-02-18 Listed $100,000 SAARMLS