Real Estate Investing in Waterloo, Alabama (35677)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35677 (Waterloo, AL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 34.4% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Waterloo, AL (35677)?
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Market Analysis: 35677 Waterloo
The 35677 ZIP covers a section of Waterloo that demands careful diligence. Prices near $194K look accessible, but the work to make a deal cash flow is real.
Rent of $918/mo on a $194K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35677 sits below the stated 0.0% once reality is priced in.
Within AL, ZIP 35677 trails on several market indicators that neighboring Lauderdale County submarkets outperform. The gap is real and significant enough to shape underwriting.
Who lives in 35677 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 35677 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Waterloo:
Market Trends
Home Value History (with trend line)
📊 How Does 35677 Compare?
| Metric | 35677 | Waterloo | Florence-Muscle Shoals, AL | Alabama |
|---|---|---|---|---|
| Home Value | $194,315 | $194,315 | N/A | $231,003 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 5.6% |
| Avg Rent | $918 | $918 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35677 (Waterloo, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,315 |
| Monthly Rent | $918 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +16.9% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 35677
Population: 1,874
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 35677
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
What strategy should investors use in Waterloo, AL?
A careful cash-flow rentals with hands-on management strategy Waterloo, AL best. The market produces steady results for that approach at the $194K price point.
How does Waterloo, AL stack up for property investment?
Waterloo, AL stands at an investability rating of 3.0/5, with median home values near $194K and average rents around $918/mo. That combination puts it in the solid tier for investor interest.
Is the tenant base reliable in Waterloo, AL?
The renter base in Waterloo, AL is reasonable for the $918/mo price point. Screening well and pricing to market typically yields measured tenants.
Is house hacking profitable in Waterloo, AL?
House hacking in Waterloo, AL is reasonable to execute. Prices around $194K and rents of $918/mo solid owner-occupant economics.
Is Waterloo, AL landlord-friendly?
AL ranks as a landlord-friendly state for landlord-tenant law. Waterloo generally follows the statewide framework, so landlords face reasonable operating rules.
You know 35677 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 35677 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 35677 ranks in Florence-Muscle Shoals, AL
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