131 Lakeview Dr · Holly Pond, AL 35083

$149,900

3 bd · 1.0 ba · 1,056 sqft · SingleFamily public records · 333 Days on market

Built 1974 0.45 ac lot $142/sqft · 16% below area Est $178k · 16% 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).

• ARV discount +14.6/15.0
• Cash flow +14.5/30.0
• Appreciation +10.0/10.0
• DSCR +4.4/10.0
• 1% rule +4.0/10.0
• Livability +3.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for a good buy. This 3 bedroom, 1 bath home is priced to sell. Bathroom has been updated; there are a few minor repairs need. Property is sold as is.

Key facts

• 0.45 acre lot
• Built 1974
• Listed 332 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $34 ($411/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 $135k (9.6% below list).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 6.6% vs local median 3.9% in Holly Pond — 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 59/100 on livability (#326 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: schools C-, crime D+, amenities 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: 35 active listings in the ZIP; 180 units permitted in Cullman County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($1k loan paydown + $15k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 333 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 11y 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 $96k; list at $150k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 333 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — 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. Crime grade is D 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?
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: 0.90% ✗
• Cap rate: 6.57%
• Cash-on-cash: 0.98%
• DSCR: 1.04
• GRM: 9.2

CMA / ARV

• ARV (median comp): $178,133
• List price: $149,900
• Delta: -15.85%
• Verdict: UNDERPRICED
• Comps: 5 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.0%
• Equity multiple: 3.00×
• Total profit: $83,844
• Equity at exit: $135,042

10-year hold

• IRR: 22.1%
• Equity multiple: 6.84×
• Total profit: $245,229
• Equity at exit: $291,223

Cash invested: $41,972 (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 35083

• Home prices YoY: 8.9%
• Active inventory: 35
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,355 medium
• Mortgage (P&I): −$786
• Tax est. 1.5%: −$187 /mo · $2,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $34

Break-even live

Break-even rent $1,311

Max offer price $149,900

Occupancy floor 92%

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-19
   days on market $149,900 Active 333 DOM
2. 2026-06-18
   days on market $149,900 Active 332 DOM
3. 2026-06-17
   days on market $149,900 Active 331 DOM
4. 2026-06-16
   days on market $149,900 Active 330 DOM
5. 2026-06-15
   days on market $149,900 Active 329 DOM
6. 2026-06-14
   days on market $149,900 Active 327 DOM
7. 2026-06-12
   days on market $149,900 Active 326 DOM
8. 2026-06-09
   days on market $149,900 Active 323 DOM
9. 2026-06-08
   days on market $149,900 Active 322 DOM
10. 2026-06-07
    days on market $149,900 Active 321 DOM
11. 2026-06-05
    days on market $149,900 Active 318 DOM
12. 2026-06-03
    days on market $149,900 Active 317 DOM
13. 2026-06-02
    days on market $149,900 Active 316 DOM
14. 2026-06-01
    days on market $149,900 Active 315 DOM
15. 2026-05-31
    days on market $149,900 Active 314 DOM
16. 2026-05-30
    days on market $149,900 Active 313 DOM
17. 2025-07-21
    listed $149,900 Active 157-char remark

    Show marketing remark (157 chars)

    Looking for a good buy. This 3 bedroom, 1 bath home is priced to sell. Bathroom has been updated; there are a few minor repairs need. Property is sold as is.

18. 2022-11-10
    soldstatus $95,500
19. 2021-06-28
    soldstatus $124,000
20. 2021-06-24
    soldstatus $124,000 197-char remark

    Show marketing remark (197 chars)

    BEAUTIFUL 3BR, 1BA HOME ON CORNER LOT, KITCHEN WITH TILE BACKSPLASH OPENS INTO DINING AREA, LAMINATE WOOD FLOORS THROUGHOUT LIVING SPACE, TWO CAR CARPORT, A FENCED BACK YARD AND LARGE STORAGE SHED.

21. 2021-06-24
    soldstatus $124,000

    Show marketing remark (197 chars)

    BEAUTIFUL 3BR, 1BA HOME ON CORNER LOT, KITCHEN WITH TILE BACKSPLASH OPENS INTO DINING AREA, LAMINATE WOOD FLOORS THROUGHOUT LIVING SPACE, TWO CAR CARPORT, A FENCED BACK YARD AND LARGE STORAGE SHED.

22. 2021-05-13
    listed $134,900
23. 2021-05-12
    listed $134,900 197-char remark

    Show marketing remark (197 chars)

    BEAUTIFUL 3BR, 1BA HOME ON CORNER LOT, KITCHEN WITH TILE BACKSPLASH OPENS INTO DINING AREA, LAMINATE WOOD FLOORS THROUGHOUT LIVING SPACE, TWO CAR CARPORT, A FENCED BACK YARD AND LARGE STORAGE SHED.

24. 2016-03-11
    soldstatus $73,000
25. 2016-03-10
    soldstatus $73,000
26. 2015-05-06
    listed $75,000
27. 2015-01-07
    soldstatus $55,000
28. 2014-12-10
    soldstatus $40,000

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,256
• − Mortgage interest: −$8,397
• − Property taxes: −$2,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,301
• − Management: −$1,301
• − Depreciation: −$4,361
• Taxable loss: −$2,100
• Est. tax savings @ 24.0%: +$504
• After-tax cash flow: $915/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 — Holly Pond

• Score: 59/100
• State rank: #326
• US rank: #19930

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Holly Pond, AL
• Population (ZIP): 4,276

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 (93%)
• Race & ethnicity: White 93% Hispanic / Latino 6% Two or more races 4%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 2% Italian 2% Romanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

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: ▲ 21.05%
• Current HPI: 258.1263
• 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

+274.8% since first listed

12 events — show timeline

• 2025-07-21 Listed $149,900 SAARMLS
• 2022-11-10 Sold (Public Records) $95,500 Public Records
• 2021-06-28 Sold (Public Records) $124,000 Public Records
• 2021-06-24 Sold (MLS) $124,000 Walker County Area MLS
• 2021-06-24 Sold (MLS) $124,000 SAARMLS
• 2021-05-13 Listed $134,900 Walker County Area MLS
• 2021-05-12 Listed $134,900 SAARMLS
• 2016-03-11 Sold (Public Records) $73,000 Public Records
• 2016-03-10 Sold (MLS) $73,000 SAARMLS
• 2015-05-06 Listed $75,000 SAARMLS
• 2015-01-07 Sold (Public Records) $55,000 Public Records
• 2014-12-10 Sold (Public Records) $40,000 Public Records

Property tax history

+7.2%/yr

Latest (2022): $272 · +71.9% YoY. Source: county tax records.