3344 Harrison Rd · Montgomery, AL 36109

$89,995

3 bd · 2.0 ba · 1,275 sqft · SingleFamily public records · 387 Days on market

Built 1960 $71/sqft · 17% below area Est $103k · 13% under

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +13.2/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.2/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great rental property for investors. Tenant in place. Lease expires 03/31/26. Rent is $825/month. No owner financing.

Key facts

• Parking
• Built 1960
• Listed 387 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $534 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 13.4% vs local median 6.0% in Montgomery — 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 65/100 on livability (#138 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, crime F, amenities D-.
• Montgomery County (urban): math 9% / reading 31% proficiency, ranked #106 of 129 in AL (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Flowers Elementary School (math 2% / reading 27%, grade F, #508 of 627 statewide, top 84%, 394 students, 74% FRL); Goodwyn Middle School (math 0% / reading 16%, grade F, #239 of 257 statewide, top 93%, 808 students, 84% FRL); Lee High School (math 2% / reading 8%, grade F, #276 of 305 statewide, top 95%, 1,374 students, 86% FRL).
• Market conditions: Rents rising (+2.6%/yr); 209 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 460 units permitted in Montgomery County in 2024 (37 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Montgomery County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $25k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 387 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 24y 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.
• Current owner paid $70k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,195 (12.0% below list)

Questions for the listing agent

1. It's been on market 387 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 1.57% ✓
• Cap rate: 13.41%
• Cash-on-cash: 25.41%
• DSCR: 2.13
• GRM: 5.3

CMA / ARV

• ARV (median comp): $103,134
• List price: $89,995
• Delta: -12.74%
• 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
968 Karen Rd	0.20mi	3/2.0	1,221 (-4%)	4mo	$92,000	$75	80
3318 Bedford Ln	0.09mi	3/2.0	1,134 (-11%)	2mo	$72,999	$64	76
3243 Durham Dr	0.25mi	4/2.0 (+1)	1,363 (+7%)	1mo	$150,000	$110	71
3346 Bedford Ln	0.06mi	3/1.0	1,134 (-11%)	6mo	$86,500	$76	70
1300 Zephyr Hills Dr	0.36mi	3/2.0	1,389 (+9%)	6mo	$91,500	$66	64
1229 Karen Rd	0.45mi	4/2.0 (+1)	1,344 (+5%)	3mo	$92,000	$68	62
2933 Willow Lane Dr	0.58mi	3/2.0	1,234 (-3%)	7mo	$121,000	$98	62
1100 Lombard Dr	0.16mi	3/1.0	1,100 (-14%)	7mo	$100,000	$91	60
3700 Ramos Ct	0.74mi	3/2.0	1,232 (-3%)	3mo	$134,400	$109	57
664 Joryne Dr	0.69mi	3/2.0	1,363 (+7%)	1mo	$129,000	$95	55
3205 Asbury Ln	0.33mi	3/1.5	1,092 (-14%)	6mo	$63,500	$58	54
403 Nottingham Rd	0.74mi	3/1.0	1,450 (+14%)	0mo	$39,901	$28	38

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 · 2.65% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 1.75×
• Total profit: $18,902
• Equity at exit: $13,419

10-year hold

• IRR: 26.7%
• Equity multiple: 3.31×
• Total profit: $58,186
• Equity at exit: $7,781

Cash invested: $25,199 (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 36109

• Home prices YoY: -20.1%
• Rents YoY: 2.6%
• Active inventory: 209
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,409 high
• Mortgage (P&I): −$472
• Tax from tax record: −$70 /mo · $837/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $534

Break-even live

Break-even rent $733

Max offer price $89,995

Occupancy floor 57%

Sensitivity live

Price	-10% $585	-5% $559	+0% $534	+5% $508	+10% $483
Rent	-10% $422	-5% $478	+0% $534	+5% $589	+10% $645
Rate	-1.0pp $579	-0.5pp $556	base $534	+0.5pp $510	+1.0pp $487

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: $22,499
• Closing costs: $2,700
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3346 Bedford Ln Montgomery, AL	3.0	1.0	1134	$1,295	$1.14	15d	1	0.08mi
3359 Bedford Ln Montgomery, AL	4.0	2.0	1786	$1,600	$0.90	15d	1	0.08mi
3323 Bedford Ln Montgomery, AL	3.0	2.0	1134	$1,200	$1.06	22d	1	0.08mi
926 Green Ridge Ct Montgomery, AL	3.0	2.0	1665	$1,381	$0.83	15d	1	0.22mi
3456 Harrison Rd Montgomery, AL	3.0	1.0	1008	$1,300	$1.29	45d	1	0.25mi
1117 Karen Rd Montgomery, AL	3.0	1.0	1308	$1,195	$0.91	45d	1	0.26mi
3318 Habersham Rd Montgomery, AL	3.0	2.0	1134	$1,250	$1.10	15d	1	0.26mi
1154 Lakewood Dr Montgomery, AL	3.0	2.0	1066	$1,350	$1.27	45d	1	0.34mi
3136 Harrison Rd Montgomery, AL	3.0	1.5	1355	$1,025	$0.76	45d	1	0.40mi
1216 Karen Rd Montgomery, AL	3.0	2.0	1620	$1,350	$0.83	15d	1	0.41mi
817 Dumont Dr Montgomery, AL	3.0	2.0	1635	$1,800	$1.10	15d	1	0.42mi
844 Sir Michael Dr Montgomery, AL	4.0	2.0	1502	$1,650	$1.10	45d	1	0.42mi
1229 Karen Rd Montgomery, AL	4.0	2.0	1344	$1,590	$1.18	45d	1	0.46mi
908 Greg Dr Montgomery, AL	3.0	1.0	1520	$1,100	$0.72	22d	1	0.56mi
2845 Zelda Rd Montgomery, AL	2.0	2.0	1013	$1,042	$1.03	15d	3	0.56mi
3309 Hillcrest Ln Unit 1043908P Montgomery, AL	4.0	2.0	1625	$2,885	$1.78	22d	1	0.58mi
895 Greg Dr Montgomery, AL	3.0	2.0	1489	$1,600	$1.07	15d	1	0.59mi
860 Greg Dr Montgomery, AL	3.0	2.0	1400	$1,295	$0.93	15d	1	0.60mi
688 Joryne Dr Montgomery, AL	3.0	2.0	1500	$1,200	$0.80	45d	1	0.62mi
1216 Beechdale Rd Montgomery, AL	4.0	2.0	1495	$1,325	$0.89	45d	1	0.67mi
3233 Hillcrest Ln Montgomery, AL	3.0	2.0	1278	$1,395	$1.09	22d	1	0.71mi
3602 Little John Dr Montgomery, AL	4.0	1.0	1286	$1,400	$1.09	22d	1	0.74mi
401 Ridgewood Ln Montgomery, AL	3.0	2.0	1513	$1,195	$0.79	22d	1	0.79mi
311 Bradley Dr Montgomery, AL	3.0	1.0	1104	$825	$0.75	45d	1	0.79mi
2736 Chevy Chase Dr Montgomery, AL	3.0	1.0	1100	$1,300	$1.18	45d	1	0.81mi
1814 Pinecrest Dr Montgomery, AL	3.0	1.0	1053	$990	$0.94	45d	1	0.90mi
3329 Vermont Dr Montgomery, AL	3.0	1.5	1465	$1,395	$0.95	15d	1	0.92mi
122 Oak Forest Dr Montgomery, AL	3.0	1.0	1092	$975	$0.89	22d	1	0.93mi
3334 Cottonwood Dr Montgomery, AL	3.0	2.0	1025	$1,295	$1.26	15d	1	0.94mi
3692 Fairfield Dr Montgomery, AL	3.0	2.0	1524	$1,400	$0.92	22d	1	0.95mi
4041A Beth Manor Dr Montgomery, AL	1.0–3.0	1.0–2.0	925	$1,000	$1.08	22d	20	0.96mi
118 Nottingham Ct Montgomery, AL	3.0	2.0	1344	$1,275	$0.95	45d	1	0.97mi
3515 Cottonwood Dr Montgomery, AL	3.0	1.5	1246	$1,350	$1.08	45d	1	0.97mi
239 Forest Hills Dr Montgomery, AL	4.0	1.5	1500	$1,450	$0.97	22d	1	0.98mi
3319 Willow Lane Dr Montgomery, AL	3.0	2.0	1032	$1,200	$1.16	45d	1	1.00mi
750 S Marquette Dr Montgomery, AL	3.0	1.0	1325	$1,195	$0.90	45d	1	1.01mi
1839 Robison Hill Rd Montgomery, AL	4.0	2.0	1370	$1,550	$1.13	22d	1	1.03mi
1814 Sylvan Dr Montgomery, AL	3.0	2.0	1785	$1,400	$0.78	22d	1	1.03mi
2454 Spruce Curv Montgomery, AL	3.0	1.0	988	$1,100	$1.11	45d	1	1.03mi
18 Oak Forest Dr Montgomery, AL	3.0	2.0	1580	$1,050	$0.66	22d	1	1.13mi

Listing history 32 events

1. 2026-06-21
   days on market $89,995 Active 387 DOM
2. 2026-06-18
   days on market $89,995 Active 384 DOM
3. 2026-06-17
   days on market $89,995 Active 383 DOM
4. 2026-06-16
   days on market $89,995 Active 382 DOM
5. 2026-06-15
   days on market $89,995 Active 381 DOM
6. 2026-06-14
   days on market $89,995 Active 379 DOM
7. 2026-06-13
   days on market $89,995 Active 378 DOM
8. 2026-06-10
   days on market $89,995 Active 376 DOM
9. 2026-06-09
   days on market $89,995 Active 375 DOM
10. 2026-06-08
    days on market $89,995 Active 374 DOM
11. 2026-06-07
    days on market $89,995 Active 373 DOM
12. 2026-06-03
    days on market $89,995 Active 369 DOM
13. 2026-06-02
    days on market $89,995 Active 368 DOM
14. 2026-06-01
    days on market $89,995 Active 367 DOM
15. 2026-05-31
    days on market $89,995 Active 366 DOM
16. 2026-05-30
    days on market $89,995 Active 365 DOM
17. 2025-12-02
    status Active 117-char remark

    Show marketing remark (117 chars)

    Great rental property for investors. Tenant in place. Lease expires 03/31/26. Rent is $825/month. No owner financing.

18. 2025-12-02
    price $89,995 117-char remark

    Show marketing remark (117 chars)

    Great rental property for investors. Tenant in place. Lease expires 03/31/26. Rent is $825/month. No owner financing.

19. 2025-05-27
    listed $92,000 Active 117-char remark

    Show marketing remark (117 chars)

    Great rental property for investors. Tenant in place. Lease expires 03/31/26. Rent is $825/month. No owner financing.

20. 2020-12-16
    soldstatus $70,000
21. 2019-02-26
    soldstatus $65,322
22. 2019-02-25
    soldstatus $65,000 968-char remark

    Show marketing remark (968 chars)

    Location, Location, Location!!!! This home is close to everything! Just minutes from shopping, dining, the interstate as well as Maxwell AFB and the Gunter Annex. Once inside this wonderful home, you will see Updates Everywhere! The current owner has installed new beautiful laminate flooring though out the family room, hallway and all 3 bedrooms. The kitchen, dining room, laundry room and bathrooms have tile. The owner has also installed new light fixtures throughout the home. The kitchen has New Countertops, New Custom Backsplash, and Brand New Stainless Steel appliances, including Microwave and Refrigerator. The kitchen is open to the wonderful dining room. The dining area has lots of sunlight and windows that overlook the beautiful fenced backyard. The back porch is perfect for the cookouts and family fun time!! The oversized utility room has enough space for a freezer and extra cabinets for storage. Make an appointment today to see your next home!

23. 2018-09-24
    listed $64,900 968-char remark

    Show marketing remark (968 chars)

    Location, Location, Location!!!! This home is close to everything! Just minutes from shopping, dining, the interstate as well as Maxwell AFB and the Gunter Annex. Once inside this wonderful home, you will see Updates Everywhere! The current owner has installed new beautiful laminate flooring though out the family room, hallway and all 3 bedrooms. The kitchen, dining room, laundry room and bathrooms have tile. The owner has also installed new light fixtures throughout the home. The kitchen has New Countertops, New Custom Backsplash, and Brand New Stainless Steel appliances, including Microwave and Refrigerator. The kitchen is open to the wonderful dining room. The dining area has lots of sunlight and windows that overlook the beautiful fenced backyard. The back porch is perfect for the cookouts and family fun time!! The oversized utility room has enough space for a freezer and extra cabinets for storage. Make an appointment today to see your next home!

24. 2017-06-12
    listed $64,900
25. 2016-11-18
    soldstatus $25,000
26. 2016-08-29
    listed $29,900
27. 2005-08-23
    soldstatus $71,050
28. 2005-06-17
    listed $62,000
29. 2003-08-29
    soldstatus $76,883
30. 2003-05-20
    listed $76,900
31. 2002-08-19
    listed $76,900
32. 2002-05-15
    listed $76,900

ⓘ 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: $837 · $70/mo
• Projected year-2 tax: $837 · $70/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 7/10 Severe 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,903
• − Mortgage interest: −$5,041
• − Property taxes: −$837
• − Insurance: −$450
• − Repairs & maintenance: −$1,352
• − Management: −$1,352
• − Depreciation: −$2,618
• Taxable income: $5,252
• Est. tax owed @ 24.0%: −$1,261
• After-tax cash flow: $5,143/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: Montgomery County
• NCES district ID: 0102430
• Math proficiency: 9% ▼ -21.00%
• Reading proficiency: 31% ▼ -1.00%
• Median HH income: $43,902
• Composite: 17.24/100
• National rank: #9093
• State rank: #106 of 129 in AL

Livability — Montgomery

• Score: 65/100
• State rank: #138
• US rank: #13416

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Montgomery, AL
• County: Montgomery County · 190,016 people
• City population: 175,913
• Metro: Montgomery, AL
• Population (ZIP): 23,581
• Household income: $59,193
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1039.0

Population outlook (Montgomery County) Hauer SSP2

• Today (2025): 224,008 people
• By 2030: 221,460 · -1.1%
• By 2040: 214,179 · -4.4%
• By 2050: 204,912 · -8.5%
• By 2075: 177,821 · -20.6%
• By 2100: 145,134 · -35.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 49% Black 39% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Montgomery

• 2024 margin: Solid D (+30.7) · D 64.8% · R 34.1% · Other 1.1%
• 2008→2024 swing: +11.5pp toward D · 2008: 19.2pp · 2024: 30.7pp
• All cycles: 2024: D+30.7 2020: D+31.5 2016: D+26.2 2012: D+24.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.64%
• Current HPI: 149.3867
• Rent YoY: ▲ 2.65%
• Metro: Montgomery, 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

+17.0% since first listed

16 events — show timeline

• 2025-12-02 Relisted — MAAR
• 2025-12-02 Price Changed $89,995 MAAR
• 2025-05-27 Listed $92,000 MAAR
• 2020-12-16 Sold (Public Records) $70,000 Public Records
• 2019-02-26 Sold (Public Records) $65,322 Public Records
• 2019-02-25 Sold (MLS) $65,000 MAAR
• 2018-09-24 Listed $64,900 MAAR
• 2017-06-12 Listed $64,900 MAAR
• 2016-11-18 Sold (MLS) $25,000 MAAR
• 2016-08-29 Listed $29,900 MAAR
• 2005-08-23 Sold (MLS) $71,050 MAAR
• 2005-06-17 Listed $62,000 MAAR
• 2003-08-29 Sold (MLS) $76,883 MAAR
• 2003-05-20 Listed $76,900 MAAR
• 2002-08-19 Listed $76,900 MAAR
• 2002-05-15 Listed $76,900 MAAR

Property tax history

+12.1%/yr

Latest (2025): $837 · -4.3% YoY. Source: county tax records.