107 Walking Trail Way · Madison, AL 35758

$449,000

4 bd · 1.5 ba · 2,188 sqft · SingleFamily public records · 34 Days on market

Built 2015 8,100 sqft lot $205/sqft · at area comps Est $472k · at est. $21/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
• ARV discount +9.7/15.0
• Schools +5.6/10.0
• Cash flow +4.3/30.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Open houses 29 & 30 Jun from 2-4pm. Madison city gem in Palmer Place neighborhood at end of cul-de-sac just steps away from Bradford Creek Greenway boasts an open floorplan with 4 beds, an office, 2 ½ baths and 2188sqft. Dormer windows and inviting covered front porch provide curb appeal galore. Open floorplan featuring gas fireplace and chef’s dream kitchen with large island, granite, backsplash and gas range make for easy living. Tranquil backyard with professional landscaping, privacy fence and covered patio is the perfect place for morning coffee or evening relaxing. Floorplan with dimensions in additional documents.

Key facts

• Hardwood flooring
• Open floor plan
• Greenway trail

Tags

• CUL-DE-SAC
• GREENWAY TRAIL
• SPORTS COMPLEX
• OPEN FLOOR PLAN
• HARDWOOD FLOORING
• 9-FOOT CEILINGS

Property features AI

Finance

• Other: Lot dimensions approximately 60 x 135; Living area approximately 2,188; Virtual tour available
• HOA & community: HOA with an annual fee of $250; Subdivision: Palmer Place; Community curbs

Exterior

• Parking: Attached garage; Concrete driveway
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Built in 2015; Residential property
• Construction: Slab foundation
• Exterior features: Curb and gutters; Sidewalk; Underground utilities; Park nearby; Concrete driveway; Located on a cul-de-sac; Covered porch

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas cooktop
• Bathrooms: Two full bathrooms and one half bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Fireplace with gas log

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $449k.

Deal economics

• At list price, monthly cash flow is $-1k ($-14k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (46.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (56.5% below list).
• Recommended offer: $195k (56.5% below list) — sets the bar for 1% rule.

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+, crime B+; 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.
• Zoned schools: Madison Elementary School (math 53% / reading 72%, grade B, #51 of 627 statewide, top 8%, 505 students, 27% FRL); Liberty Middle School (math 45% / reading 77%, grade B+, #9 of 257 statewide, top 3%, 1,493 students, 22% FRL).
• Market conditions: Rents rising (+1.6%/yr); 382 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $48k of equity ($3k loan paydown + $45k 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 ~$77k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 34 days — a 3% lower offer ($436k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,380 (56.5% 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. It's been on market 34 days. Have you received any prior offers? Is the seller open to a 56% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.44% ✗
• Cap rate: 3.11%
• Cash-on-cash: -11.38%
• DSCR: 0.49
• GRM: 19.2

CMA / ARV

• ARV (median comp): $472,319
• List price: $449,000
• Delta: -4.94%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
107 Walking Trail Way	0.00mi	4/2.5	2,188 (0%)	23mo	$429,000	$196	77
124 Walking Trail Way	0.13mi	4/2.5	2,354 (+8%)	6mo	$442,000	$188	72
107 Pipet Way	0.47mi	4/3.0	2,262 (+3%)	3mo	$421,000	$186	64
143 Walking Trail Way	0.23mi	4/3.0	2,466 (+13%)	1mo	$465,000	$189	61
120 Walking Trail Way	0.10mi	4/2.5	2,486 (+14%)	24mo	$429,000	$173	48
108 Waxwing St	0.42mi	3/2.0 (-1)	1,994 (-9%)	13mo	$415,000	$208	48
117 Waxwing St	0.45mi	3/2.0 (-1)	2,449 (+12%)	20mo	$450,000	$184	36
137 Waxwing St	0.46mi	4/3.0	2,483 (+14%)	23mo	$465,000	$187	31

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: 16.1%
• Equity multiple: 2.32×
• Total profit: $165,642
• Equity at exit: $404,495

10-year hold

• IRR: 15.3%
• Equity multiple: 5.31×
• Total profit: $541,854
• Equity at exit: $872,308

Cash invested: $125,720 (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: 19.2×

Monthly cashflow live

• Estimated rent: $1,954 high
• Mortgage (P&I): −$2,355
• Tax from tax record: −$173 /mo · $2,079/yr
• Insurance: −$187
• HOA: −$21
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-1,192

Break-even live

Break-even rent $3,463

Max offer price $238,352

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: $112,250
• Closing costs: $13,470
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
159 Little Britain St Madison, AL	3.0	2.0	1837	$1,950	$1.06	14d	1	0.70mi
169 Little Britain St Madison, AL	3.0	2.0	1850	$1,850	$1.00	23d	1	0.70mi
161 Little Britain St Madison, AL	3.0	2.0	1837	$1,850	$1.01	23d	1	0.70mi
169 Protestant Dr Triana, AL	3.0	2.0	1837	$1,995	$1.09	43d	1	0.73mi
169 Protestant Dr Triana, AL	3.0	2.0	1837	$1,895	$1.03	23d	1	0.73mi
161 Protestant Dr Madison, AL	3.0	2.0	1837	$2,050	$1.12	23d	1	0.73mi
111 Little Britain St Madison, AL	3.0	2.0	1850	$1,850	$1.00	43d	1	0.75mi
108 Grantham Cir Madison, AL	3.0	2.0	1600	$850	$0.53	14d	1	0.76mi
139 Little Britain St Madison, AL	3.0	2.0	1850	$1,950	$1.05	23d	1	0.77mi
228 Grantham Cir Madison, AL	3.0	2.0	1588	$1,850	$1.16	23d	1	0.78mi
228 Grantham Cir Madison, AL	3.0	2.0	1588	$1,850	$1.16	43d	1	0.78mi
162 Rugby Dr Madison, AL	3.0	2.0	1850	$1,980	$1.07	43d	1	0.82mi
107 Little Britain ST Triana, AL	3.0	2.0	1837	$2,050	$1.12	43d	1	0.85mi
211 New Bristol Ln Madison, AL	3.0	2.0	1956	$2,000	$1.02	14d	1	0.86mi
9000 Sanctuary Loop Madison, AL	1.0–3.0	1.0–3.0	1078	$2,079	$1.93	14d	17	0.95mi
244 Kyser Blvd Madison, AL	1.0–3.0	1.5–2.0	1315	$1,729	$1.31	43d	23	0.98mi
246 Healey Dr Madison, AL	4.0	2.0	1950	$2,495	$1.28	43d	1	1.01mi
109 Maple Spring Trl Madison, AL	3.0	2.5	1775	$1,823	$1.03	23d	1	1.08mi
103 Thornley Ct Madison, AL	3.0	2.0	1704	$1,550	$0.91	23d	1	1.13mi
250 Cork Aly Madison, AL	3.0	3.0	1932	$1,775	$0.92	23d	1	1.28mi
267 New Bristol Ln Madison, AL	4.0	2.0	1932	$2,100	$1.09	14d	1	1.31mi
4286 Sullivan St Madison, AL	3.0	2.0	1815	$2,100	$1.16	21d	1	1.38mi
129 Telluride Dr Madison, AL	3.0	2.0	1912	$1,885	$0.99	23d	1	1.39mi
85 Shorter St Madison, AL	3.0	1.0–3.0	1182	$1,799	$1.52	43d	13	1.40mi
227 Park Stone Dr Madison, AL	4.0	2.5	2516	$2,300	$0.91	23d	1	1.42mi
114 Telluride Dr Madison, AL	3.0	2.0	1578	$1,795	$1.14	43d	1	1.44mi
105 Whisperbrook Cir Madison, AL	3.0	2.0	1608	$1,800	$1.12	23d	1	1.47mi

HOA detail

• Monthly dues: $21 · $252/yr
• Likely covers: gaslandscaping

Listing history 24 events

1. 2026-06-18
   days on market $449,000 Active 34 DOM
2. 2026-06-17
   days on market $449,000 Active 33 DOM
3. 2026-06-16
   days on market $449,000 Active 32 DOM
4. 2026-06-15
   days on market $449,000 Active 31 DOM
5. 2026-06-14
   days on market $449,000 Active 29 DOM
6. 2026-06-10
   days on market $449,000 Active 26 DOM
7. 2026-06-09
   days on market $449,000 Active 25 DOM
8. 2026-06-08
   days on market $449,000 Active 24 DOM
9. 2026-06-07
   pricestatusdays on market $449,000 Active 23 DOM
10. 2026-06-03
    days on market $459,000 Contingent 19 DOM
11. 2026-06-02
    days on market $459,000 Contingent 18 DOM
12. 2026-06-01
    days on market $459,000 Contingent 17 DOM
13. 2026-05-31
    days on market $459,000 Contingent 16 DOM
14. 2026-05-30
    days on market $459,000 Contingent 15 DOM
15. 2026-05-18
    historical Contingent 676-char remark
16. 2026-05-15
    listed $459,000 Active 676-char remark
17. 2024-07-30
    soldstatus $429,000 Sold 645-char remark

    Show marketing remark (645 chars)

    Open houses 29 & 30 Jun from 2-4pm. Madison city gem in Palmer Place neighborhood at end of cul-de-sac just steps away from Bradford Creek Greenway boasts an open floorplan with 4 beds, an office, 2 ½ baths and 2188sqft. Dormer windows and inviting covered front porch provide curb appeal galore. Open floorplan featuring gas fireplace and chef’s dream kitchen with large island, granite, backsplash and gas range make for easy living. Tranquil backyard with professional landscaping, privacy fence and covered patio is the perfect place for morning coffee or evening relaxing. Floorplan with dimensions in additional documents.

18. 2024-07-30
    soldstatus $429,000

    Show marketing remark (645 chars)

    Open houses 29 & 30 Jun from 2-4pm. Madison city gem in Palmer Place neighborhood at end of cul-de-sac just steps away from Bradford Creek Greenway boasts an open floorplan with 4 beds, an office, 2 ½ baths and 2188sqft. Dormer windows and inviting covered front porch provide curb appeal galore. Open floorplan featuring gas fireplace and chef’s dream kitchen with large island, granite, backsplash and gas range make for easy living. Tranquil backyard with professional landscaping, privacy fence and covered patio is the perfect place for morning coffee or evening relaxing. Floorplan with dimensions in additional documents.

19. 2024-06-28
    status Pending 645-char remark

    Show marketing remark (645 chars)

    Open houses 29 & 30 Jun from 2-4pm. Madison city gem in Palmer Place neighborhood at end of cul-de-sac just steps away from Bradford Creek Greenway boasts an open floorplan with 4 beds, an office, 2 ½ baths and 2188sqft. Dormer windows and inviting covered front porch provide curb appeal galore. Open floorplan featuring gas fireplace and chef’s dream kitchen with large island, granite, backsplash and gas range make for easy living. Tranquil backyard with professional landscaping, privacy fence and covered patio is the perfect place for morning coffee or evening relaxing. Floorplan with dimensions in additional documents.

20. 2024-06-23
    listed $429,000 Active 645-char remark

    Show marketing remark (645 chars)

    Open houses 29 & 30 Jun from 2-4pm. Madison city gem in Palmer Place neighborhood at end of cul-de-sac just steps away from Bradford Creek Greenway boasts an open floorplan with 4 beds, an office, 2 ½ baths and 2188sqft. Dormer windows and inviting covered front porch provide curb appeal galore. Open floorplan featuring gas fireplace and chef’s dream kitchen with large island, granite, backsplash and gas range make for easy living. Tranquil backyard with professional landscaping, privacy fence and covered patio is the perfect place for morning coffee or evening relaxing. Floorplan with dimensions in additional documents.

21. 2022-09-02
    soldstatus $392,000 Sold

    Show marketing remark (596 chars)

    Come see this custom brick ranch in desirable Madison neighborhood across from the park and nestled beside the Bradford greenway. Built by Signature Homes in 2015 this house has 4 bedrooms and 3 baths. Open floor plan with hardwoods throughout the home. Kitchen boasts granite countertops, backsplash, gas stove, an updated hood and an island for extra seating which overlooks the great room with gas log fireplace. There is a study off the kitchen area with glass doors and beautiful stained beams in the foyer. Covered back porch and privacy fenced with a two car garage. Award winning schools.

22. 2022-09-02
    soldstatus $392,000

    Show marketing remark (596 chars)

    Come see this custom brick ranch in desirable Madison neighborhood across from the park and nestled beside the Bradford greenway. Built by Signature Homes in 2015 this house has 4 bedrooms and 3 baths. Open floor plan with hardwoods throughout the home. Kitchen boasts granite countertops, backsplash, gas stove, an updated hood and an island for extra seating which overlooks the great room with gas log fireplace. There is a study off the kitchen area with glass doors and beautiful stained beams in the foyer. Covered back porch and privacy fenced with a two car garage. Award winning schools.

23. 2022-08-15
    status Pending

    Show marketing remark (596 chars)

    Come see this custom brick ranch in desirable Madison neighborhood across from the park and nestled beside the Bradford greenway. Built by Signature Homes in 2015 this house has 4 bedrooms and 3 baths. Open floor plan with hardwoods throughout the home. Kitchen boasts granite countertops, backsplash, gas stove, an updated hood and an island for extra seating which overlooks the great room with gas log fireplace. There is a study off the kitchen area with glass doors and beautiful stained beams in the foyer. Covered back porch and privacy fenced with a two car garage. Award winning schools.

24. 2022-07-24
    listed $389,900 Active

    Show marketing remark (596 chars)

    Come see this custom brick ranch in desirable Madison neighborhood across from the park and nestled beside the Bradford greenway. Built by Signature Homes in 2015 this house has 4 bedrooms and 3 baths. Open floor plan with hardwoods throughout the home. Kitchen boasts granite countertops, backsplash, gas stove, an updated hood and an island for extra seating which overlooks the great room with gas log fireplace. There is a study off the kitchen area with glass doors and beautiful stained beams in the foyer. Covered back porch and privacy fenced with a two car garage. Award winning schools.

ⓘ 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: $2,079 · $173/mo
• Projected year-2 tax: $2,079 · $173/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 ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,446
• − Mortgage interest: −$25,151
• − Property taxes: −$2,079
• − Insurance: −$2,245
• − Repairs & maintenance: −$1,876
• − Management: −$1,876
• − HOA: −$252
• − Depreciation: −$13,062
• Taxable loss: −$23,094
• Est. tax savings @ 24.0%: +$5,543
• After-tax cash flow: $-8,767/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

+15.2% since first listed

12 events — show timeline

• 2026-06-04 Relisted — VMLS
• 2026-06-04 Price Changed $449,000 VMLS
• 2026-05-18 Contingent — VMLS
• 2026-05-15 Listed $459,000 VMLS
• 2024-07-30 Sold (Public Records) $429,000 Public Records
• 2024-07-30 Sold (MLS) $429,000 VMLS
• 2024-06-28 Pending — VMLS
• 2024-06-23 Listed $429,000 VMLS
• 2022-09-02 Sold (Public Records) $392,000 Public Records
• 2022-09-02 Sold (MLS) $392,000 VMLS
• 2022-08-15 Pending — VMLS
• 2022-07-24 Listed $389,900 VMLS

Property tax history

+5.9%/yr

Latest (2024): $2,079 · +1.8% YoY. Source: county tax records.