501 E Shriver Ave · Summerdale, AL 36580

$312,990

3 bd · 2.0 ba · 1,549 sqft · SingleFamily public records · 11 Days on market

Built 2019 10,410 sqft lot Est $262k · 20% over

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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).

• Cash flow +15.8/30.0
• Appreciation +9.0/10.0
• DSCR +4.9/10.0
• Schools +3.9/10.0
• 1% rule +3.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

This Hudson III A is a 3 bedroom 2 bath open and split design. Upgrades Added: Ceramic Upgrade Package, Ceramic in Living Room/Hall, Coach Lights (LED), Blinds and Cabinet Hardware. Special Features: Slab granite counters with under-mount sinks in kitchen and baths, maple cabinets throughout, stainless appliance package, ceramic tile in wet areas, brick and stucco exterior, 30 year shingles, sod, landscape, and more! Energy Efficient Features: Vinyl Low E MI windows, radiant barrier roof decking, high efficiency Carrier HVAC and electric heat pump and more! GOLD FORTIFIED CERTIFIED HOME!

Key facts

• 0.24 acre lot
• 2 garage spots
• Built 2019

Property features AI

Finance

• HOA & community: No community features listed; No transfer fees

Exterior

• Parking: Attached double garage with automatic garage door (2 covered spaces)
• Utilities: Public water; Public sewer; Generator ready electric; Serviced by Riviera Utilities and Summerdale Utilities
• Home design: One-story single-family home; Resale property
• Construction: Brick and wood frame construction; Fortified Gold construction standard; Slab foundation; Composition roof; Built area recorded by assessor: 1,549 square feet
• Exterior features: Partial fencing; Covered and open porches with rear patio; Termite contract

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Electric range; Refrigerator; Breakfast area open to kitchen / breakfast bar
• Bedrooms: Main level primary bedroom with walk-in closet; Bedroom 2 approximately 11 x 11; Bedroom 3 approximately 11 x 11
• Flooring: Carpet; Tile
• Bathrooms: Two full bathrooms; Primary bathroom with soaking tub, tub/shower combo, and single vanity
• Heating & cooling: Electric heating; Has heating
• Interior features: Breakfast bar; Ceiling fans; En-suite; Split bedroom plan; Storage
• Laundry & utility: Laundry located inside

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $313k.

Deal economics

• At list price, monthly cash flow is $146 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $250k (20.1% below list).
• Recommended offer: $250k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.7% in Summerdale — 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 57/100 on livability (#384 in AL) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Baldwin County (rural): math 33% / reading 57% proficiency, ranked #18 of 129 in AL (top 14%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Summerdale School (math 23% / reading 55%, grade F, #257 of 627 statewide, top 41%, 573 students, 77% FRL); Elberta High School (math 32% / reading 37%, grade F, #47 of 305 statewide, top 17%, 784 students, 60% FRL) — zoned schools average 68% FRL vs 38% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 143 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3,883 units permitted in Baldwin County in 2024 (481 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (8.0% local appreciation)).
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (8.0% appreciation + 3.0% rent growth), your $88k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $177k; list at $313k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $250,000 (20.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. 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?
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: 0.80% ✗
• Cap rate: 6.85%
• Cash-on-cash: 2.00%
• DSCR: 1.09
• GRM: 10.4

CMA / ARV

• ARV (on-the-fly): $261,781
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
603 Orange Blossom Cir	0.13mi	3/2.0	1,545 (-0%)	12mo	$300,000	$194	84
104 NE 3rd St	0.28mi	3/2.0	1,585 (+2%)	1mo	$257,000	$162	82
601 Savannah Ct	0.07mi	3/2.0	1,536 (-1%)	20mo	$300,000	$195	79
405 NE 7th St	0.12mi	3/2.0	1,632 (+5%)	14mo	$275,000	$169	74
403 NE 7th St	0.12mi	3/2.0	1,388 (-10%)	19mo	$200,000	$144	62
202 W Jackson St	0.50mi	2/2.0 (-1)	1,357 (-12%)	13mo	$200,000	$147	40

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

Projected returns pro-forma

7.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.4%
• Equity multiple: 2.57×
• Total profit: $137,519
• Equity at exit: $237,218

10-year hold

• IRR: 19.7%
• Equity multiple: 5.47×
• Total profit: $391,732
• Equity at exit: $470,334

Cash invested: $87,637 (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 36580

• Home prices YoY: 2.8%
• Active inventory: 143
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,500 medium
• Mortgage (P&I): −$1,641
• Tax from tax record: −$57 /mo · $689/yr
• Insurance: −$130
• HOA: −$0
• Vacancy / Maint / Mgmt: −$525
• Net cashflow: $146

Break-even live

Break-even rent $2,315

Max offer price $312,990

Occupancy floor 89%

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: $78,248
• Closing costs: $9,390
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19100 County Road 71 Summerdale, AL	4.0	2.0	2106	$2,500	$1.19	21d	1	0.90mi

Listing history 14 events

1. 2026-06-19
   days on market $312,990 Active 11 DOM
2. 2026-06-18
   days on market $312,990 Active 10 DOM
3. 2026-06-17
   days on market $312,990 Active 9 DOM
4. 2026-06-16
   days on market $312,990 Active 8 DOM
5. 2026-06-15
   days on market $312,990 Active 7 DOM
6. 2026-06-14
   days on market $312,990 Active 5 DOM
7. 2026-06-13
   days on market $312,990 Active 4 DOM
8. 2026-06-10
   days on market $312,990 Active 2 DOM
9. 2026-06-09
   statusdays on market $312,990 Active 1 DOM
10. 2026-06-08
    days on market $312,990 Coming Soon 6 DOM
11. 2026-06-07
    days on market $312,990 Coming Soon 5 DOM
12. 2026-06-05
    days on market $312,990 Coming Soon 2 DOM
13. 2026-06-03
    remarks 699-char remark
14. 2026-06-03
    listed $312,990 Coming Soon 1 DOM

ⓘ 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: $689 · $57/mo
• Projected year-2 tax: $1,283 · $107/mo
• Expected delta: +$594/yr (+$50/mo · 86.3%)

ⓘ 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 2/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥105°F today · 23 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,000
• − Mortgage interest: −$17,532
• − Property taxes: −$689
• − Insurance: −$1,565
• − Repairs & maintenance: −$2,400
• − Management: −$2,400
• − Depreciation: −$9,105
• Taxable loss: −$3,691
• Est. tax savings @ 24.0%: +$886
• After-tax cash flow: $2,636/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: Baldwin County
• NCES district ID: 0100270
• Math proficiency: 33% ▼ -26.00%
• Reading proficiency: 57% ▲ 1.00%
• Median HH income: $50,677
• Composite: 38.61/100
• National rank: #4157
• State rank: #18 of 129 in AL

Livability — Summerdale

• Score: 57/100
• State rank: #384
• US rank: #21872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Summerdale, AL
• City population: 7,025
• Population (ZIP): 7,025

Population outlook (Baldwin County) Hauer SSP2

• Today (2025): 248,264 people
• By 2030: 270,315 · +8.9%
• By 2040: 312,967 · +26.1%
• By 2050: 352,262 · +41.9%
• By 2075: 438,841 · +76.8%
• By 2100: 487,736 · +96.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Two or more races 17% Hispanic / Latino 17% Black 5%
• Hispanic origin (detail): Mexican 16%
• Common ancestry: Serbian 2% Lithuanian 2% Italian 2%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 9%

Political lean MEDSL · Baldwin

• 2024 margin: Solid R (+58.2) · D 20.5% · R 78.7%
• 2008→2024 swing: -6.7pp toward R · 2008: -51.5pp · 2024: -58.2pp
• All cycles: 2024: R+58.2 2020: R+53.8 2016: R+57.8 2012: R+55.8 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 7.97%
• Current HPI: 288.8697
• Rent YoY: —
• Metro: —
• 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

+76.6% since first listed

3 events — show timeline

• 2026-06-02 Coming Soon $312,990 BCAR
• 2019-10-28 Sold (MLS) $177,000 BCAR
• 2019-07-10 Listed $177,255 BCAR

Property tax history

+31.6%/yr

Latest (2023): $689 · +22.5% YoY. Source: county tax records.