200 Byrd Dr #53 · Owens Cross Roads, AL 35763

$108,159

2 bd · 1.0 ba · 819 sqft · SingleFamily · 141 Days on market

Built 2026 Excellent condition $132/sqft · 49% below area Est $210k · 49% under $500/mo HOA · 33% of rent

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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 +9.9/30.0
• 1% rule +8.8/10.0
• Condition / age +4.8/5.0
• Schools +3.5/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• DSCR +2.8/10.0
• Appreciation +0.0/10.0

Listing remarks

We modified this Crane by taking closet entry out of secondary bedroom and changing entry to hallway.

Key facts

• Built 2026
• Listed 140 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $108k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-68 ($-817/yr) — negative.
• To cash-flow at today's rent, offer at most $98k (9.1% below list).
• Meets the 1% rule at list price ($1k rent vs $108k).
• Recommended offer: $95k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.5% vs local median 4.4% in Owens Cross Roads — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 68/100 on livability (#65 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Madison County (rural): math 27% / reading 56% proficiency, ranked #19 of 129 in AL (top 15%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Madison County Elementary School (math 17% / reading 47%, grade F, #331 of 627 statewide, top 57%, 412 students, 59% FRL); Madison County High School (math 32% / reading 42%, grade F, #39 of 305 statewide, top 13%, 483 students, 35% FRL) — zoned schools average 47% FRL vs 29% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.5%/yr); 559 active listings in the ZIP; high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent is only 15% of the median local income ($123k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $748 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 141 days — a 12% lower offer ($95k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.
• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,179 (12.0% 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 141 days. Have you received any prior offers? Is the seller open to a 12% 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. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.38% ✓
• Cap rate: 5.54%
• Cash-on-cash: -2.70%
• DSCR: 0.88
• GRM: 6.0

CMA / ARV

• ARV (median comp): $210,435
• List price: $108,159
• Delta: -48.60%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
170 Long Dr	0.26mi	2/1.0	672 (-18%)	48mo	$51,400	$76	43
6043 Margie Collins Dr	1.04mi	2/1.5	892 (+9%)	26mo	$259,900	$291	28
7645 Shaun Leslie Cir	1.02mi	3/2.0 (+1)	912 (+11%)	27mo	$198,000	$217	17

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.54% rent growth · sell at horizon

5-year hold

• IRR: -19.3%
• Equity multiple: 0.32×
• Total profit: $-20,716
• Equity at exit: $16,127

10-year hold

• IRR: -9.6%
• Equity multiple: 0.38×
• Total profit: $-18,897
• Equity at exit: $9,352

Cash invested: $30,285 (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 →

Active competition Active MLS

• For sale now: 9 active
• Median asking: $93,391 ($123/sqft)
• Median days on market: 466 d
• This list price: 100% of active listings are priced below it
• ARV vs active asking: +108.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35763

• Home prices YoY: -3.6%
• Rents YoY: 3.5%
• Active inventory: 559
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,493 medium
• Mortgage (P&I): −$567
• Tax est. 1.5%: −$135 /mo · $1,622/yr
• Insurance: −$45
• HOA: −$500
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $-68

Break-even live

Break-even rent $1,579

Max offer price $98,311

Occupancy floor 100%

Sensitivity live

Price	-10% $7	-5% $-31	+0% $-68	+5% $-105	+10% $-143
Rent	-10% $-186	-5% $-127	+0% $-68	+5% $-9	+10% $50
Rate	-1.0pp $-14	-0.5pp $-41	base $-68	+0.5pp $-96	+1.0pp $-125

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: $27,040
• Closing costs: $3,245
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Other: Living area approximately 819
• HOA & community: Association fee: $500

Exterior

• Home design: Spec home — Crane plan (2 BR)
• Exterior features: Metal roof

Interior

• Kitchen: DishwasherMicrowaveRefrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Ceiling fan(s) for cooling
• Interior features: DishwasherMicrowaveRefrigerator

Listing history 50 events

1. 2026-11-08
   days on market $108,159 Active 141 DOM
2. 2026-11-07
   days on market $108,159 Active 140 DOM
3. 2026-11-06
   days on market $108,159 Active 139 DOM
4. 2026-11-05
   days on market $108,159 Active 138 DOM
5. 2026-11-04
   days on market $108,159 Active 137 DOM
6. 2026-11-02
   days on market $108,159 Active 135 DOM
7. 2026-11-01
   days on market $108,159 Active 134 DOM
8. 2026-10-31
   days on market $108,159 Active 133 DOM
9. 2026-10-30
   days on market $108,159 Active 132 DOM
10. 2026-10-29
    days on market $108,159 Active 131 DOM
11. 2026-10-28
    days on market $108,159 Active 130 DOM
12. 2026-10-27
    days on market $108,159 Active 129 DOM
13. 2026-10-26
    days on market $108,159 Active 128 DOM
14. 2026-10-26
    days on market $108,159 Active 127 DOM
15. 2026-10-24
    days on market $108,159 Active 126 DOM
16. 2026-10-23
    days on market $108,159 Active 125 DOM
17. 2026-10-22
    days on market $108,159 Active 124 DOM
18. 2026-10-21
    days on market $108,159 Active 123 DOM
19. 2026-10-20
    days on market $108,159 Active 122 DOM
20. 2026-10-19
    days on market $108,159 Active 121 DOM
21. 2026-10-18
    days on market $108,159 Active 120 DOM
22. 2026-10-17
    days on market $108,159 Active 119 DOM
23. 2026-10-16
    days on market $108,159 Active 118 DOM
24. 2026-10-15
    days on market $108,159 Active 117 DOM
25. 2026-10-14
    days on market $108,159 Active 116 DOM
26. 2026-10-13
    days on market $108,159 Active 115 DOM
27. 2026-10-12
    days on market $108,159 Active 114 DOM
28. 2026-10-11
    days on market $108,159 Active 113 DOM
29. 2026-10-10
    days on market $108,159 Active 112 DOM
30. 2026-10-09
    days on market $108,159 Active 111 DOM
31. 2026-10-08
    days on market $108,159 Active 110 DOM
32. 2026-10-07
    days on market $108,159 Active 109 DOM
33. 2026-10-06
    days on market $108,159 Active 108 DOM
34. 2026-10-05
    days on market $108,159 Active 107 DOM
35. 2026-10-04
    days on market $108,159 Active 106 DOM
36. 2026-10-03
    days on market $108,159 Active 105 DOM
37. 2026-10-02
    days on market $108,159 Active 104 DOM
38. 2026-10-01
    days on market $108,159 Active 103 DOM
39. 2026-09-30
    days on market $108,159 Active 102 DOM
40. 2026-09-29
    days on market $108,159 Active 101 DOM
41. 2026-09-28
    days on market $108,159 Active 100 DOM
42. 2026-09-27
    days on market $108,159 Active 99 DOM
43. 2026-09-25
    days on market $108,159 Active 97 DOM
44. 2026-09-24
    days on market $108,159 Active 96 DOM
45. 2026-09-23
    days on market $108,159 Active 95 DOM
46. 2026-09-22
    days on market $108,159 Active 94 DOM
47. 2026-09-21
    days on market $108,159 Active 93 DOM
48. 2026-09-20
    days on market $108,159 Active 92 DOM
49. 2026-09-19
    days on market $108,159 Active 91 DOM
50. 2026-09-18
    days on market $108,159 Active 90 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,915
• − Mortgage interest: −$6,059
• − Property taxes: −$1,622
• − Insurance: −$541
• − Repairs & maintenance: −$1,433
• − Management: −$1,433
• − HOA: −$6,000
• − Depreciation: −$3,146
• Taxable loss: −$2,320
• Est. tax savings @ 24.0%: +$557
• After-tax cash flow: $-260/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.

Condition & rehab AI · 12 photos

Excellent 95/100 None rehab

This home is in excellent condition with a modern interior and well-maintained exterior. It is move-in ready and has the potential for minor updates to further enhance its value.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and property value. ↑
• Both Landscaping improvements — A well-maintained yard can increase both resale and rental value. ↑
• Both Adding a small outdoor seating area — This can increase the appeal of the property and its rental potential. ↑
• Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and reduce energy costs, enhancing both resale and rental value. ↑

F Composite school gradezoned avg 34/100

Zoned Schools

Elementary Madison County Elementary School F AL #331/627 Nat'l #24,950/41,679 High Madison County High School F AL #39/305 Nat'l #9,001/17,239

Schools (NCES district)

• District: Madison County
• NCES district ID: 0102220
• Math proficiency: 27% ▼ -32.00%
• Reading proficiency: 56% ▼ -1.00%
• Median HH income: $66,058
• Composite: 37.15/100
• National rank: #4483
• State rank: #19 of 129 in AL

C Composite livability gradescore 68/100

Livability — Owens Cross Roads

• Score: 68/100
• State rank: #65
• US rank: #9303

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 392,086 people
• City population: 19,819
• Metro: Huntsville, AL
• Population (ZIP): 19,819
• Household income: $123,497
• Rent vs Own: 7.5% rent · 92.5% own
• Severe rent burden: 6% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 8% Hispanic / Latino 5% Black 2% Asian 2%
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Russian/Polish/Slavic 1%

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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: ▼ -10.43%
• Current HPI: 281.0561
• Rent YoY: ▲ 3.54%
• Metro: Huntsville, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• Other: Living area approximately 819
• HOA & community: Association fee: $500

Exterior

• Home design: Spec home — Crane plan (2 BR)
• Exterior features: Metal roof

Interior

• Kitchen: DishwasherMicrowaveRefrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Ceiling fan(s) for cooling
• Interior features: DishwasherMicrowaveRefrigerator