Real Estate Investing in Sulligent, Alabama (35586)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 35586 (Sulligent, AL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 31.6% of homes vacant — above national norms.
- Declining values: -0.4% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 3.1% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sulligent, AL (35586)?
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Market Analysis: 35586 Sulligent
The 35586 ZIP in Sulligent, AL is a local-operator market. Outside capital chasing a $124K entry has to pair deep knowledge with the discount.
Rent of $702/mo on a $124K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 35586 sits below the stated 0.0% once reality is priced in.
Regionally, 35586 sits on the difficult end of the AL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
The 35586 ZIP's population of 3,442 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Strategy in 35586 is an operator game, not a passive one. Put differently, entry prices of $124K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Sulligent:
Market Trends
Home Value History (with trend line)
📊 How Does 35586 Compare?
| Metric | 35586 | Sulligent | Alabama |
|---|---|---|---|
| Home Value | $124,123 | $124,123 | $231,003 |
| 5-Year CAGR | N/A | N/A | 5.6% |
| Avg Rent | $702 | $702 | - |
| Cap Rate | 4.4% | 4.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 35586 (Sulligent, AL). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $124,123 |
| Monthly Rent | $702 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 4.0% |
📈 Home Appreciation
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | N/A |
🏠 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 (4.4%). 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 35586
Population: 3,442
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 35586
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
Where do rents currently stand in Sulligent, AL?
Sulligent, AL rentals go for roughly $702/mo a month. That puts gross yield in solid territory relative to $124K acquisition costs.
What is the typical renter like in Sulligent, AL?
Expect a solid tenant pool in Sulligent, AL. The rental market absorbs $702/mo rents without meaningful friction.
How much should I expect to pay for a home in Sulligent, AL?
Median home price in Sulligent, AL is near $124K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
Does house hacking make sense in Sulligent, AL?
House hacking in Sulligent, AL is a challenging. With home values around $124K and rents at $702/mo, owner-occupants can offset a meaningful share of PITI.
How do landlord-tenant laws work in Sulligent, AL?
Rental owners in Sulligent, AL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 35586 now. You don’t know where it ranks.
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