121 Coral Bells Rd · Harvest, AL 35773

$235,000

4 bd · 1.0 ba · 1,432 sqft · SingleFamily public records · 28 Days on market

Built 2006 7,405 sqft lot Est $221k · 7% over $13/mo HOA · 1% of rent

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Why this score? — see what drove the D- 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).

• Appreciation +10.0/10.0
• Cash flow +7.5/30.0
• ARV discount +4.5/15.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.2/10.0

Listing remarks MLS

3 bedroom, 2 bath home with white vinyl fence and sprinkler system. Interior has new LVP tile floors, new carpet, new blinds, new paint, and new stainless steel ceiling fans. Kitchen has new stainless steel appliances and the home includes a brand new Samsung washer and dryer set. Exterior has new paint. Features include a smart lock, Nest thermostat, 1-year home warranty, and closing cost assistance. Eligible for $0 Down Payment Programs (Subject To Lender Approval)

Key facts

• 7,405 sq ft lot
• 2 garage spots
• Listed 28 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $-288 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $184k (21.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $146k (37.8% below list).
• Recommended offer: $146k (37.8% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 3.5% in Harvest — 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 72/100 on livability (#27 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Madison Cross Roads Elementary School (math 14% / reading 48%, grade F, #360 of 627 statewide, top 58%, 1,035 students, 59% FRL); Sparkman Middle School (math 18% / reading 53%, grade F, #81 of 257 statewide, top 33%, 859 students, 60% FRL); Sparkman High School (math 28% / reading 37%, grade F, #58 of 305 statewide, top 19%, 1,738 students, 37% FRL) — zoned schools average 52% FRL vs 29% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 319 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 75% of comp listings sitting > 30 days — soft ceiling on asking rent; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $25k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 28 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $200k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $146,113 (37.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.62% ✗
• Cap rate: 4.82%
• Cash-on-cash: -5.25%
• DSCR: 0.77
• GRM: 13.4

CMA / ARV

• ARV (on-the-fly): $220,528
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
139 Carillo Ln	0.10mi	3/2.0 (-1)	1,481 (+3%)	0mo	$228,000	$154	80
151 Carillo Ln	0.17mi	3/2.0 (-1)	1,448 (+1%)	3mo	$221,500	$153	79
159 Bayside Ln	0.19mi	3/2.0 (-1)	1,435 (+0%)	20mo	$199,900	$139	65
324 Counterpoint Dr	0.41mi	3/2.0 (-1)	1,227 (-14%)	13mo	$190,000	$155	37

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

Projected returns pro-forma

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

5-year hold

• IRR: 20.5%
• Equity multiple: 2.67×
• Total profit: $109,572
• Equity at exit: $211,707

10-year hold

• IRR: 18.7%
• Equity multiple: 6.12×
• Total profit: $336,903
• Equity at exit: $456,553

Cash invested: $65,800 (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 35773

• Home prices YoY: 28.8%
• Active inventory: 319
• Price-to-rent: 13.4×

Monthly cashflow live

• Estimated rent: $1,461 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$99 /mo · $1,185/yr
• Insurance: −$98
• HOA: −$13
• Vacancy / Maint / Mgmt: −$307
• Net cashflow: $-288

Break-even live

Break-even rent $1,825

Max offer price $184,171

Occupancy floor —

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
165 Cloverbrook Dr Harvest, AL	3.0	2.0	1212	$1,520	$1.25	43d	1	0.37mi
183 Cloverbrook Dr Harvest, AL	3.0	2.0	1200	$1,373	$1.14	43d	1	0.40mi
198 Cloverbrook Dr Harvest, AL	3.0	2.0	1397	$1,375	$0.98	23d	1	0.45mi
674 Harvest Rd Harvest, AL	4.0	2.0	1661	$1,850	$1.11	43d	1	1.42mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 6 events

1. 2026-03-27
   status Pending
2. 2026-02-27
   listed $235,000 Active
3. 2025-10-20
   soldstatus $200,000 Sold 471-char remark

   Show marketing remark (471 chars)

   3 bedroom, 2 bath home with white vinyl fence and sprinkler system. Interior has new LVP tile floors, new carpet, new blinds, new paint, and new stainless steel ceiling fans. Kitchen has new stainless steel appliances and the home includes a brand new Samsung washer and dryer set. Exterior has new paint. Features include a smart lock, Nest thermostat, 1-year home warranty, and closing cost assistance. Eligible for $0 Down Payment Programs (Subject To Lender Approval)

4. 2025-09-24
   status Pending 471-char remark

   Show marketing remark (471 chars)

   3 bedroom, 2 bath home with white vinyl fence and sprinkler system. Interior has new LVP tile floors, new carpet, new blinds, new paint, and new stainless steel ceiling fans. Kitchen has new stainless steel appliances and the home includes a brand new Samsung washer and dryer set. Exterior has new paint. Features include a smart lock, Nest thermostat, 1-year home warranty, and closing cost assistance. Eligible for $0 Down Payment Programs (Subject To Lender Approval)

5. 2025-09-20
   listed $215,000 Active 471-char remark

   Show marketing remark (471 chars)

   3 bedroom, 2 bath home with white vinyl fence and sprinkler system. Interior has new LVP tile floors, new carpet, new blinds, new paint, and new stainless steel ceiling fans. Kitchen has new stainless steel appliances and the home includes a brand new Samsung washer and dryer set. Exterior has new paint. Features include a smart lock, Nest thermostat, 1-year home warranty, and closing cost assistance. Eligible for $0 Down Payment Programs (Subject To Lender Approval)

6. 2021-04-02
   soldstatus $136,500

ⓘ 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: $1,185 · $99/mo
• Projected year-2 tax: $1,185 · $99/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 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% 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: $17,534
• − Mortgage interest: −$13,164
• − Property taxes: −$1,185
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,403
• − Management: −$1,403
• − HOA: −$156
• − Depreciation: −$6,836
• Taxable loss: −$7,788
• Est. tax savings @ 24.0%: +$1,869
• After-tax cash flow: $-1,584/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: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

Livability — Harvest

• Score: 72/100
• State rank: #27
• US rank: #5986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 30,710
• Population (ZIP): 13,977

Population outlook (Madison County) Hauer SSP2

• Today (2025): 392,086 people
• By 2030: 409,788 · +4.5%
• By 2040: 440,557 · +12.4%
• By 2050: 460,990 · +17.6%
• By 2075: 502,872 · +28.3%
• By 2100: 513,623 · +31.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 3% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Madison

• 2024 margin: Lean R (+9.0) · D 44.7% · R 53.7% · Other 1.6%
• 2008→2024 swing: +6.0pp toward D · 2008: -14.9pp · 2024: -9.0pp
• All cycles: 2024: R+9.0 2020: R+8.0 2016: R+16.8 2012: R+18.7 2008: R+14.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 149.14%
• Current HPI: 666.8602
• 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

+72.2% since first listed

6 events — show timeline

• 2026-03-27 Pending — VMLS
• 2026-02-27 Listed $235,000 VMLS
• 2025-10-20 Sold (MLS) $200,000 VMLS
• 2025-09-24 Pending — VMLS
• 2025-09-20 Listed $215,000 VMLS
• 2021-04-02 Sold (Public Records) $136,500 Public Records

Property tax history

+16.6%/yr

Latest (2024): $1,185 · +0.0% YoY. Source: county tax records.