1695 Alabama St · Florala, AL 36442

$10,000

2 bd · 1.0 ba · 648 sqft · SingleFamily public records · 15 Days on market

Built 1965 10,018 sqft lot

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +7.0/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Check out this investment opportunity!Disclaimer- This is a tax deed property. Cash offers only. No title insurance available.

Key facts

• 0.23 acre lot
• Built 1965
• Listed 14 days

Property features AI

Finance

• Other: Lot size approximately 0.23 acres
• HOA & community: No association fee

Exterior

• Parking: Driveway parking
• Utilities: Public water; Internet service availability unknown
• Home design: Existing construction; Single-story (all rooms listed at level 1)
• Construction: Wood construction; Crawl space foundation
• Exterior features: No waterfront; No pool; No patio; No garden/patio; No decks

Interior

• Kitchen: Main-level kitchen
• Bedrooms: Two bedrooms on the main level
• Flooring: Subflooring
• Bathrooms: One full bathroom on the main level
• Heating & cooling: No heat; No air conditioning
• Interior features: Ceilings listed as other (see remarks); Subflooring

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $10k.

Deal economics

• At list price, monthly cash flow is $437 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($796 rent vs $10k).
• Recommended offer: $10k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#130 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, housing A-; Watch: health & safety C-, amenities F, commute F.
• Covington County (rural): math 27% / reading 50% proficiency, ranked #32 of 129 in AL (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Ws Harlan Elementary School (math 32% / reading 52%, grade F, #213 of 627 statewide, top 37%, 331 students, 72% FRL); Straughn Middle School (math 35% / reading 62%, grade C-, #28 of 257 statewide, top 11%, 318 students, 65% FRL); Florala High School (math 17% / reading 37%, grade F, #90 of 305 statewide, top 35%, 218 students, 74% FRL) — zoned schools average 70% FRL vs 52% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 61 active listings in the ZIP; 13 units permitted in Covington County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $466 of equity ($69 loan paydown + $397 appreciation (4.0% local appreciation)).
• Covington County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (4.0% appreciation + 3.0% rent growth), your $3k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($10k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $125/mo.
• Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $9,850 (1.5% below list)

Questions for the listing agent

1. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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.
6. 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.
7. 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: 7.96% ✓
• Cap rate: 73.71%
• Cash-on-cash: 240.76%
• DSCR: 11.71
• GRM: 1.0

CMA / ARV

• ARV (on-the-fly): $30,456
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1510 Ninth Ave	0.64mi	2/1.0	640 (-1%)	1mo	$29,900	$47	67

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

Projected returns pro-forma

3.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 11.58×
• Total profit: $29,622
• Equity at exit: $5,054

10-year hold

• IRR: —
• Equity multiple: 24.57×
• Total profit: $65,984
• Equity at exit: $8,253

Cash invested: $2,800 (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 36442

• Home prices YoY: 2.2%
• Active inventory: 61
• Price-to-rent: 1.0×

Monthly cashflow live

• Estimated rent: $796 medium
• Mortgage (P&I): −$52
• Tax from tax record: −$11 /mo · $127/yr
• Insurance: −$4
• Flood insurance flood zone: −$125 /mo · $1,502/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$167
• Net cashflow: $437

Break-even live

Break-even rent $243

Max offer price $10,000

Occupancy floor 40%

Sensitivity live

Price	-10% $442	-5% $439	+0% $437	+5% $434	+10% $431
Rent	-10% $374	-5% $405	+0% $437	+5% $468	+10% $499
Rate	-1.0pp $442	-0.5pp $439	base $437	+0.5pp $434	+1.0pp $431

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: $2,500
• Closing costs: $300
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-06-21
   days on market $10,000 Active 15 DOM
2. 2026-06-19
   days on market $10,000 Active 13 DOM
3. 2026-06-18
   days on market $10,000 Active 12 DOM
4. 2026-06-17
   days on market $10,000 Active 11 DOM
5. 2026-06-16
   days on market $10,000 Active 10 DOM
6. 2026-06-15
   days on market $10,000 Active 9 DOM
7. 2026-06-14
   days on market $10,000 Active 7 DOM
8. 2026-06-12
   days on market $10,000 Active 6 DOM
9. 2026-06-09
   days on market $10,000 Active 3 DOM
10. 2026-06-08
    days on market $10,000 Active 2 DOM
11. 2026-06-07
    remarks 126-char remark
12. 2026-06-07
    listed $10,000 Active 1 DOM

ⓘ 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: $127 · $11/mo
• Projected year-2 tax: $127 · $11/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 4/10 Moderate FEMA zone A · 22% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 8/10 Severe 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 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: $9,553
• − Mortgage interest: −$560
• − Property taxes: −$127
• − Insurance: −$1,552
• − Repairs & maintenance: −$764
• − Management: −$764
• − Depreciation: −$291
• Taxable income: $5,495
• Est. tax owed @ 24.0%: −$1,319
• After-tax cash flow: $3,920/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: Covington County
• NCES district ID: 0100930
• Math proficiency: 27% ▼ -21.00%
• Reading proficiency: 50% ▬ 0.00%
• Median HH income: $39,213
• Composite: 32.13/100
• National rank: #5797
• State rank: #32 of 129 in AL

Livability — Florala

• Score: 65/100
• State rank: #130
• US rank: #13167

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florala, AL
• Population (ZIP): 3,615

Population outlook (Covington County) Hauer SSP2

• Today (2025): 37,007 people
• By 2030: 36,401 · -1.6%
• By 2040: 34,983 · -5.5%
• By 2050: 33,437 · -9.6%
• By 2075: 29,753 · -19.6%
• By 2100: 25,109 · -32.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Black 11% Two or more races 4% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Covington

• 2024 margin: Solid R (+72.4) · D 13.6% · R 86.0%
• 2008→2024 swing: -14.1pp toward R · 2008: -58.3pp · 2024: -72.4pp
• All cycles: 2024: R+72.4 2020: R+68.1 2016: R+68.5 2012: R+58.3 2008: R+58.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.97%
• Current HPI: 182.2844
• 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

1 event — show timeline

• 2026-06-06 Listed $10,000 Greater Alabama MLS

Property tax history

+14.9%/yr

Latest (2025): $127 · +6.9% YoY. Source: county tax records.