0 County Road 563, Selma, AL 36701#
Selma, AL 36701 | Dallas County
Key Metrics#
| Metric | Value |
|---|
| Investment Score | 78/100 |
| Asking Price | $10,000 |
| Acreage | 1.9 acres |
| Price/Acre | $5,405/ac |
| County Median $/Ac | $8,661/ac |
| vs County Median | 62.4% |
| Days on Market | 250 |
| Flood Zone | Unknown |
| HOA | Unknown |
| Broker | Cornerstone Realty LLC. |
| Listing Type | FSBA |
Motivation Signals#
- 250 days on market
- Price dropped $126,000
- Absentee owner
| Field | Value |
|---|
| Owner | FRANKIE PEOPLES |
| Owner 2 | DELIA PEOPLES |
| Mailing Address | 2411 SPRINGDALE ST, SELMA, AL 36701-6016 |
| Assessed Value | $1,540 |
| Market Value | $13,800 |
| Annual Tax | $52 (2025) |
| Parcel # | 1109290000019003 |
| Zoning | Residential |
| Legal | 5.05 AC. LT 15 GGIBBS & PHILLIPS LANDI- DB 1199 PG 766- DB 1204 PG 90- DB 1357 PG 228 |
Asking/Assessed Ratio: 6.49 (above assessed)
Offer Strategy#
| Level | Offer Price | % of Asking |
|---|
| Aggressive | $5,000 | 50% |
| Standard | $6,000 | 60% |
| Conservative | $7,000 | 70% |
Owner-Finance Projections#
Based on buying at $6,000 (standard offer), selling at 10% interest over 7 years
| Metric | Value |
|---|
| Sale Price (2.5x) | $15,000 |
| Down Payment (15%) | $2,250 |
| Financed Amount | $12,750 |
| Monthly Payment | $211 |
| Total Cash Received | $20,030 |
| Total Invested | $6,400 |
| Gross Profit | $13,630 |
| ROI | 213% |
Due Diligence Links#