2314 Norwood Blvd · Florence, AL 35630

$99,900

3 bd · 1.5 ba · 1,371 sqft · SingleFamily public records · 2 Days on market

Built 1958 0.31 ac lot Est $156k · 36% 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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Livability +4.1/5.0
• Rent growth +4.0/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

Key facts

• 0.31 acre lot
• Parking
• Built 1958

Tags

• ORIGINAL WOOD FLOORING
• HARDWOOD HIDDEN BENEATH CARPET
• SOLID FOUNDATION FOR UPDATES

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $453 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Cap rate 11.7% vs local median 3.6% in Florence — 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 82/100 on livability (#4 in AL, #1,140 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Florence City (urban): math 28% / reading 44% proficiency, ranked #44 of 129 in AL (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Harlan Elementary School (math 12% / reading 27%, grade F, #467 of 627 statewide, top 76%, 402 students, 90% FRL); Florence Middle School (math 22% / reading 44%, grade F, #101 of 257 statewide, top 40%, 689 students, 51% FRL); Florence High School (math 28% / reading 34%, grade F, #66 of 305 statewide, top 21%, 1,034 students, 36% FRL) — zoned schools at 59% FRL track the district average.
• Market conditions: Rents rising fast (+6.2%/yr); 270 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).
• This rent runs 37% of the median local income ($46k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 6.2% rent growth), your $28k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $99,900

Questions for the listing agent

1. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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.
5. 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.
6. 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: 1.42% ✓
• Cap rate: 11.74%
• Cash-on-cash: 19.45%
• DSCR: 1.87
• GRM: 5.9

CMA / ARV

• ARV (on-the-fly): $156,294
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2314 Norwood Blvd	0.00mi	3/1.5	1,371 (0%)	1mo	$95,000	$69	100
2118 Mcburney Dr	0.36mi	3/1.0	1,289 (-6%)	3mo	$177,000	$137	69
142 Hampton Ave	0.43mi	2/1.0 (-1)	1,274 (-7%)	7mo	$145,000	$114	56
2306 Haviland Dr	0.32mi	4/2.0 (+1)	1,484 (+8%)	11mo	$166,000	$112	56
321 Calhoun Dr	0.55mi	3/2.0	1,513 (+10%)	1mo	$185,000	$122	54
208 Roosevelt Ave	0.51mi	4/2.0 (+1)	1,500 (+9%)	1mo	$219,900	$147	53
237 Wilson Ave	0.59mi	3/1.0	1,447 (+6%)	12mo	$144,300	$100	51
121 E Duncan Ave E	0.62mi	3/1.5	1,500 (+9%)	9mo	$160,000	$107	48
1838 Shade Ave	0.63mi	2/1.0 (-1)	1,272 (-7%)	7mo	$127,450	$100	46
145 E Duncan Ave	0.63mi	3/1.0	1,211 (-12%)	5mo	$129,000	$107	45
202 Seymore Ave	0.62mi	3/3.0	1,500 (+9%)	11mo	$194,900	$130	40
323 Wright Dr	0.70mi	3/2.0	1,576 (+15%)	3mo	$269,900	$171	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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: 14.9%
• Equity multiple: 1.62×
• Total profit: $17,375
• Equity at exit: $14,895

10-year hold

• IRR: 25.9%
• Equity multiple: 3.60×
• Total profit: $72,849
• Equity at exit: $8,638

Cash invested: $27,972 (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 35630

• Home prices YoY: -33.7%
• Rents YoY: 6.2%
• Active inventory: 270
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,418 high
• Mortgage (P&I): −$524
• Tax from tax record: −$102 /mo · $1,218/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $453

Break-even live

Break-even rent $844

Max offer price $99,900

Occupancy floor 63%

Sensitivity live

Price	-10% $510	-5% $482	+0% $453	+5% $425	+10% $397
Rent	-10% $341	-5% $397	+0% $453	+5% $509	+10% $565
Rate	-1.0pp $504	-0.5pp $479	base $453	+0.5pp $427	+1.0pp $401

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2370 Roberts Ln Florence, AL	3.0	2.0	1716	$1,650	$0.96	46d	1	0.38mi
2424 Roberts Ln Florence, AL	2.0	2.0	1100	$1,095	$1.00	46d	1	0.51mi
1413 N Pine St Florence, AL	4.0	2.0	1444	$1,695	$1.17	46d	1	0.96mi
3410 Chisholm Rd Florence, AL	2.0	1.0–2.0	1008	$872	$0.87	46d	3	1.23mi
1252 Hermitage Dr Florence, AL	2.0	2.0	1250	$1,170	$0.94	46d	1	1.26mi
1034 N Royal Ave Unit 2 Florence, AL	2.0	1.0	900	$850	$0.94	46d	1	1.30mi
939 N Royal Ave Florence, AL	2.0	1.0	900	$850	$0.94	46d	1	1.46mi

Listing history 7 events

1. 2026-06-05
   listing id $99,900 Pending 2 DOM
2. 2026-04-17
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

3. 2026-04-17
   status Pending 588-char remark

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

4. 2026-04-17
   status Pending

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

5. 2026-04-15
   listed $99,900 Active

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

6. 2026-04-15
   listed $99,900 Active 588-char remark

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

7. 2026-04-13
   listed $99,900 Active 588-char remark

   Show marketing remark (588 chars)

   Looking for your next investment or a place to make your own? This 3-bedroom, 1.5-bath home is packed with potential and priced to move. Listed nearly $50,000 below the new tax appraised value, this is ready for some sweat equity. Step inside to find original wood flooring in the living room, with even more hardwood hidden beneath the carpet just waiting to be uncovered and restored to its former charm. With a little vision and some TLC, this home could truly shine. The layout offers a solid foundation for updates, whether you're dreaming of a cozy family home or a profitable flip.

ⓘ 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: $1,218 · $102/mo
• Projected year-2 tax: $1,218 · $102/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 6/10 Major 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,018
• − Mortgage interest: −$5,596
• − Property taxes: −$1,218
• − Insurance: −$500
• − Repairs & maintenance: −$1,361
• − Management: −$1,361
• − Depreciation: −$2,906
• Taxable income: $4,076
• Est. tax owed @ 24.0%: −$978
• After-tax cash flow: $4,462/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: Florence City
• NCES district ID: 0101530
• Math proficiency: 28% ▼ -28.00%
• Reading proficiency: 44% ▼ -4.00%
• Median HH income: $34,997
• Composite: 29.69/100
• National rank: #6456
• State rank: #44 of 129 in AL

Livability — Florence

• Score: 82/100
• State rank: #4
• US rank: #1140

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florence, AL
• County: Lauderdale County · 47,988 people
• City population: 34,028
• Metro: Florence-Muscle Shoals, AL
• Population (ZIP): 34,028
• Household income: $46,304
• Rent vs Own: 54.7% rent · 45.3% own
• Severe rent burden: 1516.0

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Serbian 2% Romanian 1%
• Foreign-born: 4% · Canada, Vietnam, Guatemala
• Languages at home: 92% English-only · Spanish 6% Vietnamese 1%

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.78%
• Current HPI: 206.1364
• Rent YoY: ▲ 6.18%
• Metro: Florence-Muscle Shoals, 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

+0.0% since first listed

6 events — show timeline

• 2026-04-17 Pending — SAARMLS
• 2026-04-17 Pending — VMLS
• 2026-04-17 Pending — REALTRACS as Distributed by MLS Grid
• 2026-04-15 Listed $99,900 REALTRACS as Distributed by MLS Grid
• 2026-04-15 Listed $99,900 VMLS
• 2026-04-13 Listed $99,900 SAARMLS

Property tax history

+6.3%/yr

Latest (2025): $1,218 · +7.0% YoY. Source: county tax records.