238 Harold Murphy Dr · Triana, AL 35756

$284,900

3 bd · 2.5 ba · 2,260 sqft · SingleFamily public records · 62 Days on market

Built 2011 6,969 sqft lot $126/sqft · 22% below area Est $367k · 22% under $13/mo HOA · 1% of rent ↓ 4% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +7.8/30.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* OPEN HOUSE 4/18 FROM 1:00-3:15PM * Spacious, single-owner home featuring an open-concept floor plan, 2-car garage and a huge fenced backyard, perfect for entertaining and ideal for pets! Meticulously maintained and move-in ready with an updated HVAC system and updated roof. Equipped with a 3-zone sound system, and the seller is happy to provide information for upgrading the system if desired. Conveniently located just minutes from the airport and zoned for a highly desirable school system.

Key facts

• 3-zone sound system
• Updated hvac system
• Updated roof

Tags

• OPEN-CONCEPT FLOOR PLAN
• HUGE FENCED BACKYARD
• UPDATED HVAC SYSTEM
• UPDATED ROOF
• 3-ZONE SOUND SYSTEM

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $285k.

Deal economics

• At list price, monthly cash flow is $-321 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (16.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (26.2% below list).
• Recommended offer: $210k (26.2% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 4.0% in Triana — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 65/100 on livability (#125 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute 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.
• Market conditions: Rents rising (+1.1%/yr); 823 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals at typical pace (median 14d 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

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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 62 days — a 6% lower offer ($268k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• 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 $210,256 (26.2% 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 62 days. Have you received any prior offers? Is the seller open to a 26% 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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.
9. 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.
10. 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: 0.74% ✗
• Cap rate: 4.94%
• Cash-on-cash: -4.83%
• DSCR: 0.79
• GRM: 11.3

CMA / ARV

• ARV (median comp): $367,167
• List price: $284,900
• Delta: -22.41%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
238 Harold Murphy Dr	0.00mi	3/2.5	2,260 (0%)	0mo	$275,000	$122	100
234 Harold Murphy Dr	0.02mi	3/2.5	2,119 (-6%)	3mo	$292,300	$138	86
222 Tybee Dr	0.28mi	3/2.5	2,050 (-9%)	2mo	$250,000	$122	70
108 Alberta Harris Dr	0.33mi	4/3.0 (+1)	2,355 (+4%)	3mo	$366,715	$156	68
104 River Haven Dr	0.38mi	4/3.0 (+1)	2,139 (-5%)	1mo	$349,900	$164	66
185 Rosemary Ayers Dr	0.52mi	3/2.5	2,033 (-10%)	0mo	$350,000	$172	59
203 Emma Harris Cir	0.69mi	4/3.5 (+1)	2,322 (+3%)	1mo	$365,350	$157	54
147 Rosemary Ayers Dr	0.59mi	4/3.0 (+1)	2,117 (-6%)	2mo	$390,000	$184	53
314 Southland Ct	0.54mi	4/3.0 (+1)	2,070 (-8%)	2mo	$327,800	$158	52
101 Pecos River Rd	0.67mi	4/3.0 (+1)	2,117 (-6%)	1mo	$395,000	$187	50
336 Harbor Glen Dr SW	0.71mi	3/2.5	2,055 (-9%)	3mo	$290,000	$141	50
209 Emma Harris Cir	0.70mi	4/2.0 (+1)	2,043 (-10%)	2mo	$341,100	$167	43

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 · 1.15% rent growth · sell at horizon

5-year hold

• IRR: -26.6%
• Equity multiple: 0.12×
• Total profit: $-70,405
• Equity at exit: $42,480

10-year hold

• IRR: -31.5%
• Equity multiple: -0.29×
• Total profit: $-102,654
• Equity at exit: $24,633

Cash invested: $79,772 (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 35756

• Home prices YoY: -21.7%
• Rents YoY: 1.1%
• Active inventory: 823
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $2,103 high
• Mortgage (P&I): −$1,494
• Tax est. 1.5%: −$356 /mo · $4,274/yr
• Insurance: −$119
• HOA: −$13
• Vacancy / Maint / Mgmt: −$442
• Net cashflow: $-321

Break-even live

Break-even rent $2,509

Max offer price $238,471

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: $71,225
• Closing costs: $8,547
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
265 Harold Murphy Dr Madison, AL	4.0	3.0	1635	$2,500	$1.53	43d	1	0.13mi
244 Abercorn Dr Madison, AL	4.0	2.0	1820	$1,875	$1.03	43d	1	0.14mi
202 Harold Murphy Dr Madison, AL	3.0	2.0	1731	$2,250	$1.30	43d	1	0.17mi
214 Alonzo Toney Dr Madison, AL	4.0	2.0	1820	$2,150	$1.18	14d	1	0.17mi
138 Riverfront Dr Madison, AL	3.0	2.0	1648	$1,800	$1.09	14d	1	0.23mi
177 Harold Murphy Dr Madison, AL	3.0	2.0	1738	$1,900	$1.09	43d	1	0.30mi
186 Tybee Dr Madison, AL	3.0	2.0	1595	$1,899	$1.19	14d	1	0.37mi
128 Mary Caudle Way Madison, AL	4.0	2.0	1863	$1,950	$1.05	23d	1	0.38mi
109 River Haven Dr Madison, AL	4.0	2.5	1946	$1,995	$1.03	14d	1	0.39mi
121 Sorrelweed Dr Madison, AL	4.0	2.0	1890	$1,950	$1.03	43d	1	0.43mi
200 Bay Pine Dr Madison, AL	3.0	2.5	1710	$1,899	$1.11	14d	12	0.50mi
711 River Landing Blvd SW Madison, AL	3.0	2.0	1700	$1,800	$1.06	43d	1	0.52mi
130 Tybee Dr Madison, AL	4.0	2.0	1898	$1,995	$1.05	14d	1	0.54mi
153 Rosemary Ayers Dr Madison, AL	4.0	2.0	1815	$2,295	$1.26	14d	1	0.55mi
151 Rosemary Ayers Dr Madison, AL	4.0	3.0	2117	$2,200	$1.04	14d	1	0.56mi
703 River Landing Blvd SW Madison, AL	3.0	2.5	2254	$1,850	$0.82	21d	1	0.56mi
106 Mississippi St Madison, AL	3.0	2.0	1911	$1,949	$1.02	14d	1	0.60mi
115 Rio Grande Way Madison, AL	4.0	2.0	2022	$2,150	$1.06	23d	1	0.62mi
607 Durbin Ln SW Madison, AL	3.0	2.0	1812	$2,500	$1.38	14d	1	0.67mi
120 James Parcus Cir Madison, AL	3.0	2.5	2299	$2,045	$0.89	43d	1	0.70mi
118 Harbor Glen Dr SW Madison, AL	4.0	3.0	2550	$2,750	$1.08	23d	1	0.72mi
118 Harbor Glen Dr SW Madison, AL	4.0	3.0	2550	$2,550	$1.00	14d	1	0.72mi
209 Emma Harris Cir Triana, AL	4.0	2.0	2043	$2,045	$1.00	14d	1	0.72mi
161 Fields Pond Dr Madison, AL	3.0	2.5	1660	$1,700	$1.02	14d	1	0.86mi
500 Promenade Dr SW Madison, AL	3.0	2.5	1569	$1,959	$1.25	14d	5	0.89mi
240 Fields Pond Dr Madison, AL	3.0	2.0	1683	$1,850	$1.10	14d	1	0.96mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 3 events

1. 2026-05-07
   status Pending 497-char remark

   Show marketing remark (497 chars)

   * OPEN HOUSE 4/18 FROM 1:00-3:15PM * Spacious, single-owner home featuring an open-concept floor plan, 2-car garage and a huge fenced backyard, perfect for entertaining and ideal for pets! Meticulously maintained and move-in ready with an updated HVAC system and updated roof. Equipped with a 3-zone sound system, and the seller is happy to provide information for upgrading the system if desired. Conveniently located just minutes from the airport and zoned for a highly desirable school system.

2. 2026-04-01
   price $284,900 497-char remark

   Show marketing remark (497 chars)

   * OPEN HOUSE 4/18 FROM 1:00-3:15PM * Spacious, single-owner home featuring an open-concept floor plan, 2-car garage and a huge fenced backyard, perfect for entertaining and ideal for pets! Meticulously maintained and move-in ready with an updated HVAC system and updated roof. Equipped with a 3-zone sound system, and the seller is happy to provide information for upgrading the system if desired. Conveniently located just minutes from the airport and zoned for a highly desirable school system.

3. 2026-03-06
   listed $295,900 Active 497-char remark

   Show marketing remark (497 chars)

   * OPEN HOUSE 4/18 FROM 1:00-3:15PM * Spacious, single-owner home featuring an open-concept floor plan, 2-car garage and a huge fenced backyard, perfect for entertaining and ideal for pets! Meticulously maintained and move-in ready with an updated HVAC system and updated roof. Equipped with a 3-zone sound system, and the seller is happy to provide information for upgrading the system if desired. Conveniently located just minutes from the airport and zoned for a highly desirable school system.

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,231
• − Mortgage interest: −$15,959
• − Property taxes: −$4,274
• − Insurance: −$1,424
• − Repairs & maintenance: −$2,018
• − Management: −$2,018
• − HOA: −$156
• − Depreciation: −$8,288
• Taxable loss: −$8,907
• Est. tax savings @ 24.0%: +$2,138
• After-tax cash flow: $-1,713/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 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

Livability — Triana

• Score: 65/100
• State rank: #125
• US rank: #12792

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Triana, AL
• County: Limestone County · 80,439 people
• Metro: Huntsville, AL
• Population (ZIP): 24,947
• Household income: $129,852
• Rent vs Own: 17.4% rent · 82.6% own
• Severe rent burden: 286.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Black 21% Two or more races 9% Hispanic / Latino 7% Asian 6% Native American 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Italian 3% Serbian 3% Slovak 3%
• Foreign-born: 8% · China, South Korea, Canada
• Languages at home: 90% English-only · Spanish 3% Korean 2% Other Indo-European 2%

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: ▼ -50.15%
• Current HPI: 180.5285
• Rent YoY: ▲ 1.15%
• 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

-3.7% since first listed

3 events — show timeline

• 2026-05-07 Pending — Greater Alabama MLS
• 2026-04-01 Price Changed $284,900 Greater Alabama MLS
• 2026-03-06 Listed $295,900 Greater Alabama MLS