8413 Old Madison Pike · Madison, AL 35758

$199,900

3 bd · 1.0 ba · 1,295 sqft · SingleFamily public records · 4 Days on market

Built 1967 $154/sqft · 23% below area Est $261k · 23% under

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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).

• ARV discount +15.0/15.0
• Cash flow +10.4/30.0
• Appreciation +10.0/10.0
• Schools +5.6/10.0
• Livability +3.8/5.0
• DSCR +3.0/10.0
• Rent growth +2.9/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

8413 OLD MADISON PIKE, MADISON AL 35758 - Located in the heart of Madison with schools being Midtown, Discovery, and Bob Jones - This 3-bedroom and 2 full bath home is located on a corner lot and only minutes from schools, shopping, Research Park, and RSA. This home features a large family room, an open concept kitchen to breakfast, and dining room. The master suite offers a private bath. Side entry 2-car garage, fenced yard, storage, and private deck.

Key facts

• 2 garage spots
• Built 1967
• Listed 4 days

Tags

• HIGHLY CONVENIENT LOCATION
• EASY ACCESS TO RESEARCH PARK
• EASY ACCESS TO BRIDGE STREET
• EASY ACCESS TO SCHOOLS
• EASY ACCESS TO SHOPPING
• EASY ACCESS TO DINING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-107 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (9.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $157k (21.6% below list).
• Recommended offer: $157k (21.6% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 2.6% in Madison — 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 76/100 on livability (#12 in AL, #3,280 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, schools A; Watch: amenities F, commute F.
• Madison City (suburban): math 51% / reading 71% proficiency, ranked #4 of 129 in AL (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.6%/yr); 382 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent is only 16% of the median local income ($117k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k 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 ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts; this cycle's ask has dropped $40k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,642 (21.6% 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. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.78% ✗
• Cap rate: 5.65%
• Cash-on-cash: -2.30%
• DSCR: 0.90
• GRM: 10.6

CMA / ARV

• ARV (median comp): $260,517
• List price: $199,900
• Delta: -7.91%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 Larry Dr	0.10mi	3/2.0	1,306 (+1%)	7mo	$300,000	$230	84
416 Walton Rd	0.24mi	3/2.0	1,306 (+1%)	1mo	$263,000	$201	83
704 Larry Dr	0.09mi	3/2.0	1,459 (+13%)	4mo	$272,500	$187	67
510 Clift Dr	0.37mi	3/2.0	1,197 (-8%)	2mo	$245,000	$205	64
163 Portal Ln	0.59mi	3/2.0	1,321 (+2%)	4mo	$270,000	$204	62
217 Golden Rod Ln	0.67mi	3/2.0	1,318 (+2%)	3mo	$266,100	$202	60
158 Portal Ln	0.57mi	3/2.0	1,328 (+2%)	8mo	$292,000	$220	58
104 Gann Ave	0.42mi	3/2.0	1,145 (-12%)	0mo	$223,000	$195	57
601 Larry Dr	0.22mi	3/2.0	1,100 (-15%)	6mo	$255,000	$232	56
120 Portal Ln	0.73mi	3/2.0	1,190 (-8%)	6mo	$237,000	$199	43
104 Cottonwood Trl	0.73mi	3/1.0	1,120 (-14%)	3mo	$228,000	$204	40
126 Liza Ln	0.60mi	4/2.0 (+1)	1,452 (+12%)	7mo	$255,000	$176	38

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 · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 22.2%
• Equity multiple: 2.78×
• Total profit: $99,835
• Equity at exit: $180,086

10-year hold

• IRR: 19.6%
• Equity multiple: 6.27×
• Total profit: $295,146
• Equity at exit: $388,362

Cash invested: $55,972 (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 35758

• Home prices YoY: 4.2%
• Rents YoY: 1.6%
• Active inventory: 382
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $1,566 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$213 /mo · $2,558/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $-107

Break-even live

Break-even rent $1,702

Max offer price $180,955

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
712 Marion Dr Madison, AL	3.0	1.0	1253	$1,450	$1.16	44d	1	0.08mi
349 Waters Edge Ln Unit n/a Madison, AL	2.0	2.0	1055	$1,050	$1.00	44d	1	0.11mi
262 Waters Edge Ln Unit 262 Madison, AL	2.0	2.0	1055	$1,175	$1.11	44d	1	0.15mi
210 Waters Edge Ln #6 Madison, AL	2.0	2.0	1060	$1,075	$1.01	44d	1	0.18mi
416 Walton Rd Madison, AL	3.0	2.0	1306	$1,795	$1.37	14d	1	0.22mi
200 Millstone Ln Madison, AL	3.0	2.0	1425	$2,000	$1.40	44d	1	0.28mi
510 Clift Dr Madison, AL	3.0	2.0	1197	$1,600	$1.34	44d	1	0.34mi
104 Kathy Cir Madison, AL	3.0	2.0	1768	$1,995	$1.13	44d	1	0.42mi
180 Hughes Rd Madison, AL	1.0–4.0	1.0–3.5	1373	$2,250	$1.64	14d	45	0.47mi
101 Springfield Ln Madison, AL	3.0	2.0	1640	$2,350	$1.43	44d	1	0.61mi
121 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,000	$1.09	44d	1	0.63mi
115 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,090	$1.14	23d	1	0.66mi
112 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,049	$1.11	44d	1	0.68mi
103 Betty Garrett Dr Madison, AL	4.0	2.0	1537	$2,600	$1.69	44d	1	0.74mi
1105 Woodbine Rd Madison, AL	3.0	1.5	1254	$1,500	$1.20	23d	1	0.74mi
425 Falls PT SW Unit 1 Madison, AL	3.0	3.0	1375	$1,615	$1.17	44d	1	0.75mi
245 Pineridge Rd Madison, AL	3.0	2.0	1812	$2,000	$1.10	44d	1	0.77mi
105 Whisperbrook Cir Madison, AL	3.0	2.0	1608	$1,800	$1.12	23d	1	0.83mi
134 Michli Rd Madison, AL	2.0	2.5	1564	$1,595	$1.02	44d	1	0.85mi
128 Michli Rd Madison, AL	2.0	3.0	1564	$1,550	$0.99	44d	1	0.85mi
114 Telluride Dr Madison, AL	3.0	2.0	1578	$1,795	$1.14	44d	1	0.94mi
4286 Sullivan St Madison, AL	3.0	2.0	1815	$2,100	$1.16	21d	1	0.96mi
90 High St Unit 100A Madison, AL	2.0	1.0	900	$995	$1.11	44d	1	0.97mi
104 Westscott Dr Madison, AL	2.0	2.0	975	$995	$1.02	44d	1	1.04mi
111 Westscott Dr Madison, AL	2.0	2.0	975	$995	$1.02	44d	1	1.06mi
403 Oakland Rd Madison, AL	2.0	2.5	1165	$1,295	$1.11	44d	1	1.08mi
124 Westscott Dr Madison, AL	2.0	2.0	994	$1,025	$1.03	21d	1	1.10mi
7900 Old Madison Pike Madison, AL	2.0–4.0	1.0–2.5	1313	$1,445	$1.10	14d	11	1.13mi
106 Teal Park Ln Madison, AL	3.0	2.0	1707	$1,950	$1.14	14d	1	1.22mi
194 Shelton Rd Madison, AL	2.0	1.0–2.0	729	$1,149	$1.58	14d	9	1.25mi
2300 Colonial Lake Dr Madison, AL	1.0–3.0	1.0–2.0	1083	$1,338	$1.23	14d	39	1.26mi
2002 Flagstone Dr Madison, AL	1.0–3.0	1.0–2.0	973	$1,544	$1.59	14d	77	1.29mi
85 Shorter St Madison, AL	3.0	1.0–3.0	1182	$1,799	$1.52	44d	13	1.31mi
7584 Madison Pike Madison, AL	1.0–3.0	1.0–2.0	1023	$1,299	$1.27	14d	17	1.37mi
127 Philadelphia Dr Madison, AL	3.0	2.0	1404	$1,650	$1.18	23d	1	1.41mi
128 Lewis Ln Madison, AL	3.0	2.0	1680	$1,700	$1.01	44d	1	1.42mi
133 Lewis Ln Madison, AL	3.0	2.0	1547	$1,945	$1.26	44d	1	1.46mi
109 Michael Ave Unit 106B Madison, AL	2.0	1.0	950	$1,199	$1.26	44d	1	1.48mi
109 Michael Ave Unit 112D Madison, AL	2.0	1.0	950	$1,199	$1.26	23d	1	1.48mi
105 Browns Ridge Ln Unit 1 Madison, AL	2.0	2.0	984	$1,250	$1.27	23d	1	1.49mi

Listing history 16 events

1. 2026-06-15
   statusdays on market $199,900 Pending 4 DOM
2. 2026-06-14
   remarks 497-char remark
3. 2026-06-14
   pricedays on marketlisting id $199,900 Active 3 DOM
4. 2026-05-31
   days on market $239,900 Active 162 DOM
5. 2026-05-30
   days on market $239,900 Active 161 DOM
6. 2026-02-26
   status Active 459-char remark

   Show marketing remark (459 chars)

   8413 OLD MADISON PIKE, MADISON AL 35758 - Located in the heart of Madison with schools being Midtown, Discovery, and Bob Jones - This 3-bedroom and 2 full bath home is located on a corner lot and only minutes from schools, shopping, Research Park, and RSA. This home features a large family room, an open concept kitchen to breakfast, and dining room. The master suite offers a private bath. Side entry 2-car garage, fenced yard, storage, and private deck.

7. 2026-02-09
   historical $1,575
8. 2026-02-07
   status Pending 459-char remark

   Show marketing remark (459 chars)

   8413 OLD MADISON PIKE, MADISON AL 35758 - Located in the heart of Madison with schools being Midtown, Discovery, and Bob Jones - This 3-bedroom and 2 full bath home is located on a corner lot and only minutes from schools, shopping, Research Park, and RSA. This home features a large family room, an open concept kitchen to breakfast, and dining room. The master suite offers a private bath. Side entry 2-car garage, fenced yard, storage, and private deck.

9. 2025-12-01
   listed $239,900 Active 459-char remark

   Show marketing remark (459 chars)

   8413 OLD MADISON PIKE, MADISON AL 35758 - Located in the heart of Madison with schools being Midtown, Discovery, and Bob Jones - This 3-bedroom and 2 full bath home is located on a corner lot and only minutes from schools, shopping, Research Park, and RSA. This home features a large family room, an open concept kitchen to breakfast, and dining room. The master suite offers a private bath. Side entry 2-car garage, fenced yard, storage, and private deck.

10. 2025-10-16
    price $1,575
11. 2025-10-10
    price $1,600
12. 2025-06-25
    listed $1,700
13. 2025-06-25
    historical $1,700
14. 2025-06-16
    listed $1,700
15. 2021-12-09
    soldstatus $180,000
16. 2011-03-02
    soldstatus $201,375

ⓘ 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: $2,558 · $213/mo
• Projected year-2 tax: $2,558 · $213/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 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,797
• − Mortgage interest: −$11,198
• − Property taxes: −$2,558
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − Depreciation: −$5,815
• Taxable loss: −$4,780
• Est. tax savings @ 24.0%: +$1,147
• After-tax cash flow: $-140/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 City
• NCES district ID: 0100008
• Math proficiency: 51% ▼ -25.00%
• Reading proficiency: 71% ▼ -2.00%
• Median HH income: $89,091
• Composite: 55.56/100
• National rank: #1238
• State rank: #4 of 129 in AL

Livability — Madison

• Score: 76/100
• State rank: #12
• US rank: #3280

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, AL
• County: Madison County · 380,832 people
• City population: 93,742
• Metro: Huntsville, AL
• Population (ZIP): 50,266
• Household income: $117,380
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 875.0

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 (68%)
• Race & ethnicity: White 68% Black 14% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

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: ▲ 14.46%
• Current HPI: 355.2784
• Rent YoY: ▲ 1.58%
• Metro: Huntsville, AL
• 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

-99.2% since first listed

11 events — show timeline

• 2026-02-26 Relisted — VMLS
• 2026-02-09 Rental Removed $1,575 VMLS
• 2026-02-07 Pending — VMLS
• 2025-12-01 Listed $239,900 VMLS
• 2025-10-16 Price Changed $1,575 VMLS
• 2025-10-10 Price Changed $1,600 VMLS
• 2025-06-25 Listed for Rent $1,700 VMLS
• 2025-06-25 Rental Removed $1,700 BUILDIUM
• 2025-06-16 Listed for Rent $1,700 BUILDIUM
• 2021-12-09 Sold (Public Records) $180,000 Public Records
• 2011-03-02 Sold (Public Records) $201,375 Public Records

Property tax history

+16.3%/yr

Latest (2024): $2,558 · +1.8% YoY. Source: county tax records.