116 Bridgeway Ln · Madison, AL 35758

$349,900

4 bd · 1.0 ba · 2,025 sqft · SingleFamily public records · 32 Days on market

Built 1999 10,018 sqft lot $173/sqft · at area comps Est $367k · at est. $25/mo HOA · 1% of rent

---

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 +9.6/15.0
• Schools +5.6/10.0
• Cash flow +5.2/30.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• 1% rule +0.5/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Attention Investors: this property is ready to go and already leased until April 2024! Immediate income source. Call for more info. Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools ( Bob Jones) Location , Location, Location is prime! Mins to restaurants , shopping and parks. Easy access to Research Park and Redstone Arsenal. Don't miss out on this opportunity!

Key facts

• Covered porches
• Nicely landscaped
• Granite countertops

Tags

• NEW ROOF
• NEW FRIG
• GRANITE COUNTERTOPS
• HAND SCRAPED WOOD FLOORS
• COVERED PORCHES
• NICELY LANDSCAPED

Property features AI

Finance

• Other: Residential property; not new construction
• Financial info: Financial details not provided
• HOA & community: Homeowners association with annual fee of $295

Exterior

• Parking: Attached two-car garage with automatic door opener
• Security: Security information not provided
• Utilities: Public water; Public sewer; Electric service; Natural gas
• Home design: Single-family residence; One-level home; Built in 1999
• Construction: Vinyl siding exterior; Slab foundation
• Exterior features: Public water source; Public sewer; 0.23-acre lot; Subdivision: Bradford Farms; Driving directions available

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Gas oven; Disposal
• Bedrooms: Bedrooms info not provided
• Flooring: Flooring information not provided
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (natural gas); Central cooling (electric)
• Interior features: Gas log fireplace
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $-797 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $209k (40.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $192k (45.0% below list).
• Recommended offer: $192k (45.0% below list) — sets the bar for 1% rule.
• Cap rate 3.6% 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+, 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: Rainbow Elementary School (math 52% / reading 76%, grade B, #44 of 627 statewide, top 7%, 926 students, 18% FRL); Discovery Middle School (math 46% / reading 69%, grade B, #13 of 257 statewide, top 5%, 1,334 students, 25% FRL); Bob Jones High School (math 53% / reading 51%, grade D+, #11 of 305 statewide, top 4%, 1,920 students, 24% FRL).
• Market conditions: Rents rising (+1.6%/yr); 382 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 56% 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).

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k 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 ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($339k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 14y 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.

Recommended offer $192,454 (45.0% 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 32 days. Have you received any prior offers? Is the seller open to a 45% 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: 0.55% ✗
• Cap rate: 3.56%
• Cash-on-cash: -9.76%
• DSCR: 0.57
• GRM: 15.2

CMA / ARV

• ARV (median comp): $366,614
• List price: $349,900
• Delta: -4.56%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
341 Bradford Farms Dr	0.05mi	4/2.0	1,984 (-2%)	22mo	$350,000	$176	72
100 Roema Dr	0.28mi	4/2.5	2,126 (+5%)	21mo	$350,000	$165	55
117 Champions Green Ln	0.39mi	4/2.0	2,234 (+10%)	8mo	$375,000	$168	54
139 Church Hill Downs Ct	0.20mi	4/2.5	2,240 (+11%)	17mo	$318,000	$142	53
242 Concord Dr	0.48mi	3/2.0 (-1)	2,074 (+2%)	23mo	$345,000	$166	45
1231 Hughes Rd	0.69mi	3/2.0 (-1)	1,871 (-8%)	3mo	$275,000	$147	44
224 Shortland Dr	0.57mi	3/2.5 (-1)	1,850 (-9%)	23mo	$345,000	$186	28
117 Oakland Trce	0.62mi	3/2.5 (-1)	2,295 (+13%)	13mo	$415,000	$181	27
240 Roy Dr	0.70mi	3/2.0 (-1)	1,743 (-14%)	11mo	$285,900	$164	26

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: 17.1%
• Equity multiple: 2.40×
• Total profit: $137,076
• Equity at exit: $315,218

10-year hold

• IRR: 16.0%
• Equity multiple: 5.47×
• Total profit: $438,316
• Equity at exit: $679,779

Cash invested: $97,972 (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: 15.2×

Monthly cashflow live

• Estimated rent: $1,925 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$311 /mo · $3,737/yr
• Insurance: −$146
• HOA: −$25
• Vacancy / Maint / Mgmt: −$404
• Net cashflow: $-797

Break-even live

Break-even rent $2,933

Max offer price $209,153

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
403 Barrington Hills Dr Madison, AL	4.0	2.0	1820	$1,950	$1.07	21d	1	0.13mi
106 Champions Green Dr Madison, AL	3.0	2.0	1950	$1,995	$1.02	23d	1	0.32mi
100 Edison Ave NW Madison, AL	1.0–3.0	1.0–2.0	1025	$1,820	$1.77	14d	26	0.75mi
1763 Slaughter Rd NW Madison, AL	1.0–3.0	1.0–3.0	1078	$1,859	$1.72	14d	36	1.03mi
196 Jeff Rd NW Huntsville, AL	1.0–3.0	1.0–3.5	1200	$1,729	$1.44	14d	21	1.09mi
139 Potters Wheel Madison, AL	3.0	2.0	1624	$1,675	$1.03	44d	1	1.13mi
6079 Wall Triana Hwy Madison, AL	3.0	2.0	1630	$2,100	$1.29	44d	1	1.16mi
1010 Elliston Pl NW Madison, AL	3.0	1.0–2.0	1051	$1,825	$1.74	14d	19	1.16mi
117 Millside Ln Madison, AL	3.0	2.0	1624	$1,750	$1.08	44d	1	1.23mi
110 Wildweed Ct Madison, AL	3.0	2.0	1481	$1,750	$1.18	44d	1	1.29mi
102 Wittington Ln Madison, AL	3.0	2.0	1635	$1,750	$1.07	44d	1	1.31mi
126 Imogene Way Madison, AL	4.0	2.0	1858	$1,850	$1.00	44d	1	1.33mi
206 Osceola Cir Madison, AL	3.0	2.0	1850	$1,850	$1.00	44d	1	1.36mi
311 Cornstalk Cir Madison, AL	3.0	2.0	1850	$1,995	$1.08	44d	1	1.40mi
309 Cornstalk CIR Madison, AL	3.0	2.0	1850	$1,995	$1.08	44d	1	1.42mi
6941 Hwy 72 W Huntsville, AL	1.0–3.0	1.0–2.0	1113	$1,531	$1.38	14d	21	1.42mi
318 Cornstalk CIR Madison, AL	3.0	2.0	1837	$1,895	$1.03	23d	1	1.42mi
318 Cornstalk CIR Madison, AL	3.0	2.0	1837	$1,995	$1.09	44d	1	1.42mi

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: gas

Listing history 20 events

1. 2026-06-07
   status $349,900 Pending 32 DOM
2. 2026-06-03
   days on market $349,900 Active 32 DOM
3. 2026-06-02
   days on market $349,900 Active 31 DOM
4. 2026-06-01
   days on market $349,900 Active 30 DOM
5. 2026-05-31
   days on market $349,900 Active 29 DOM
6. 2026-05-30
   days on market $349,900 Active 28 DOM
7. 2026-05-02
   listed $349,900 Active 592-char remark
8. 2023-07-24
   soldstatus $320,000
9. 2023-07-21
   soldstatus $320,000 Sold 625-char remark

   Show marketing remark (625 chars)

   Attention Investors: this property is ready to go and already leased until April 2024! Immediate income source. Call for more info. Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools ( Bob Jones) Location , Location, Location is prime! Mins to restaurants , shopping and parks. Easy access to Research Park and Redstone Arsenal. Don't miss out on this opportunity!

10. 2023-06-30
    historical Contingent 625-char remark

    Show marketing remark (625 chars)

    Attention Investors: this property is ready to go and already leased until April 2024! Immediate income source. Call for more info. Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools ( Bob Jones) Location , Location, Location is prime! Mins to restaurants , shopping and parks. Easy access to Research Park and Redstone Arsenal. Don't miss out on this opportunity!

11. 2023-06-15
    listed $329,900 Active 625-char remark

    Show marketing remark (625 chars)

    Attention Investors: this property is ready to go and already leased until April 2024! Immediate income source. Call for more info. Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools ( Bob Jones) Location , Location, Location is prime! Mins to restaurants , shopping and parks. Easy access to Research Park and Redstone Arsenal. Don't miss out on this opportunity!

12. 2020-03-30
    soldstatus $235,000
13. 2020-03-23
    soldstatus $235,000 Sold

    Show marketing remark (556 chars)

    Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. This home is in fabulous condition with Hvac 1year young, and water heater 3 yrs young. Truly move in ready. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools. Location , Location, Location mins to restaurants , shopping and parks mins away. Easy access to Research park& Redstone arsenal.

14. 2020-03-05
    status Pending

    Show marketing remark (556 chars)

    Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. This home is in fabulous condition with Hvac 1year young, and water heater 3 yrs young. Truly move in ready. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools. Location , Location, Location mins to restaurants , shopping and parks mins away. Easy access to Research park& Redstone arsenal.

15. 2020-03-03
    listed $219,900 Active

    Show marketing remark (556 chars)

    Fabulous 4 bedroom brick ranch. Wonderful floor plan with isolated master , and study! Beautiful hand scraped hardwoods run through main area of home. Great kitchen with granite countertops and gas cook top. This home is in fabulous condition with Hvac 1year young, and water heater 3 yrs young. Truly move in ready. You will love the covered porches one on the front and a second on the back. Fabulous Madison schools. Location , Location, Location mins to restaurants , shopping and parks mins away. Easy access to Research park& Redstone arsenal.

16. 2013-08-12
    soldstatus $159,000
17. 2013-08-12
    soldstatus $159,200
18. 2013-04-02
    listed $164,900
19. 2013-02-28
    soldstatus $113,000
20. 2012-11-09
    listed $135,000

ⓘ 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: $3,737 · $311/mo
• Projected year-2 tax: $3,737 · $311/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $23,094
• − Mortgage interest: −$19,600
• − Property taxes: −$3,737
• − Insurance: −$1,750
• − Repairs & maintenance: −$1,848
• − Management: −$1,848
• − HOA: −$300
• − Depreciation: −$10,179
• Taxable loss: −$16,166
• Est. tax savings @ 24.0%: +$3,880
• After-tax cash flow: $-5,681/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

+159.2% since first listed

15 events — show timeline

• 2026-06-03 Pending — VMLS
• 2026-05-02 Listed $349,900 VMLS
• 2023-07-24 Sold (Public Records) $320,000 Public Records
• 2023-07-21 Sold (MLS) $320,000 VMLS
• 2023-06-30 Contingent — VMLS
• 2023-06-15 Listed $329,900 VMLS
• 2020-03-30 Sold (Public Records) $235,000 Public Records
• 2020-03-23 Sold (MLS) $235,000 VMLS
• 2020-03-05 Pending — VMLS
• 2020-03-03 Listed $219,900 VMLS
• 2013-08-12 Sold (Public Records) $159,200 Public Records
• 2013-08-12 Sold (MLS) $159,000 VMLS
• 2013-04-02 Listed $164,900 VMLS
• 2013-02-28 Sold (MLS) $113,000 VMLS
• 2012-11-09 Listed $135,000 VMLS

Property tax history

+14.1%/yr

Latest (2024): $3,737 · +3.8% YoY. Source: county tax records.