7071 Wedgewood Ct · Daphne, AL 36526

$269,900

4 bd · 3.0 ba · 2,083 sqft · SingleFamily public records · 4 Days on market

Built 2000 0.30 ac lot Est $283k · at est. $13/mo HOA · 1% of rent

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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 +13.3/30.0
• ARV discount +9.6/15.0
• DSCR +4.0/10.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• 1% rule +2.8/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rare opportunity to own a 4-bedroom, 3-bath Daphne home for under $275,000! Whether you're looking for your next home or a smart investment property, this one checks all the boxes with some major updates already completed, including a new Fortified Roof (2021) and new HVAC system (2022). The split floor plan offers three bedrooms and two baths on one side of the home, with a separate guest bedroom and full bath on the opposite side.The open living area flows into a designated dining room and separate breakfast room, with an additional breakfast bar for extra seating. The primary bedroom includes a sitting area, while the en-suite bath features dual sinks, a separate tub and shower, and a walk-in closet.Four-sided brick exterior and a functional layout make this a great option for homeowners or investors alike. Buyer to verify all information during due diligence.

Key facts

• Split floor plan
• Fortified roof
• Breakfast bar

Tags

• FORTIFIED ROOF
• NEW HVAC SYSTEM
• SPLIT FLOOR PLAN
• DESIGNATED DINING ROOM
• SEPARATE BREAKFAST ROOM
• BREAKFAST BAR

Property features AI

Finance

• Other: Property zoned for single-family residence; Less than one acre lot within a subdivision; Ownership: whole/full
• HOA & community: Annual association fee of $150 (includes association management and common area taxes); No community features listed

Exterior

• Parking: Attached double garage with automatic door; Two covered parking spaces (total 2 parking spaces)
• Utilities: Daphne Utilities; Riviera Utilities
• Home design: Single-family residence; One story; Resale property
• Construction: Brick construction; Metal roof; Slab foundation; Building area recorded at 1865 (agent measured)
• Exterior features: Termite contract in place; Fenced yard; Rear porch

Interior

• Kitchen: Dishwasher; Convection oven; Microwave; Electric range; Kitchen with breakfast area (main level)
• Bedrooms: Primary suite on main level with sitting area and walk-in closet; Bedroom 2 approximately 11 x 11; Bedroom 3 approximately 10 x 11; Bedroom 4 approximately 10 x 12
• Flooring: Carpet; Tile; Laminate
• Bathrooms: Three full bathrooms; Primary bath with jetted tub and separate shower
• Heating & cooling: Electric heating; Ceiling fan cooling
• Interior features: Family room; Ceiling fans; En-suite; High ceilings; One fireplace (family room; currently inoperable); Unfurnished
• Laundry & utility: Laundry on main level; Utility room approximately 6 x 6

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-1 ($-14/yr) — negative.
• To cash-flow at today's rent, offer at most $270k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $210k (22.3% below list).
• Recommended offer: $210k (22.3% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 3.9% in Daphne — 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 75/100 on livability (#18 in AL, #3,949 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A; Watch: 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: Daphne East Elementary School (math 44% / reading 68%, grade C+, #83 of 627 statewide, top 13%, 930 students, 40% FRL); Daphne Middle School (math 25% / reading 62%, grade D, #45 of 257 statewide, top 18%, 846 students, 45% FRL); Daphne High School (math 41% / reading 40%, grade F, #33 of 305 statewide, top 11%, 1,725 students, 40% FRL) — zoned schools at 42% FRL track the district average.
• Market conditions: Rents rising (+1.7%/yr); 590 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 3,883 units permitted in Baldwin County in 2024 (481 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 $8k of value loss. Plan a longer hold.
• Baldwin County population projected at +42% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.
• Current owner paid $210k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $209,638 (22.3% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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?
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: 0.78% ✗
• Cap rate: 6.29%
• Cash-on-cash: -0.02%
• DSCR: 1.00
• GRM: 10.7

CMA / ARV

• ARV (on-the-fly): $283,288
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7001 Wedgewood Ct	0.07mi	4/2.5	2,007 (-4%)	6mo	$288,000	$143	83
28618 Cherrywood Ct	0.06mi	4/3.0	2,386 (+14%)	2mo	$280,000	$117	71
137 Fairway Dr	0.40mi	4/2.0	2,008 (-4%)	3mo	$320,000	$159	69
101 Windsor Ct	0.27mi	3/2.0 (-1)	1,949 (-6%)	1mo	$250,000	$128	67
134 Fairway Dr	0.37mi	3/2.0 (-1)	1,960 (-6%)	2mo	$240,000	$122	63
111 Tibidow Cir	0.37mi	3/2.0 (-1)	1,937 (-7%)	1mo	$288,000	$149	62
139 Fairway Dr	0.39mi	3/2.0 (-1)	1,928 (-7%)	1mo	$290,000	$150	60
119 Lake Forest Blvd	0.29mi	3/2.0 (-1)	1,839 (-12%)	3mo	$180,000	$98	56
28374 N Main St	0.57mi	3/2.0 (-1)	2,010 (-4%)	5mo	$260,000	$129	54
192 Bayview Dr	0.71mi	3/2.0 (-1)	2,098 (+1%)	8mo	$271,500	$129	50
192 Ridgewood Dr	0.47mi	3/2.0 (-1)	1,833 (-12%)	2mo	$250,000	$136	47
118 Lancaster Way	0.51mi	3/2.0 (-1)	1,770 (-15%)	9mo	$242,000	$137	34

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 · 1.72% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.38×
• Total profit: $-46,571
• Equity at exit: $40,243

10-year hold

• IRR: -12.2%
• Equity multiple: 0.32×
• Total profit: $-51,701
• Equity at exit: $23,336

Cash invested: $75,572 (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 36526

• Home prices YoY: -21.3%
• Rents YoY: 1.7%
• Active inventory: 590
• Price-to-rent: 10.7×

Monthly cashflow live

• Estimated rent: $2,096 medium
• Mortgage (P&I): −$1,415
• Tax from tax record: −$116 /mo · $1,397/yr
• Insurance: −$112
• HOA: −$13
• Vacancy / Maint / Mgmt: −$440
• Net cashflow: $-1

Break-even live

Break-even rent $2,098

Max offer price $269,695

Occupancy floor 95%

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
110 Windsor Dr Daphne, AL	4.0	2.0	1706	$1,800	$1.06	21d	1	0.42mi
233 Ridgewood Dr Daphne, AL	3.0	2.0	1922	$1,750	$0.91	43d	1	0.71mi
662 Ridgewood Dr Daphne, AL	4.0	2.0	2548	$2,500	$0.98	13d	1	0.87mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 4 events

1. 2026-06-09
   statusdays on market $269,900 Pending 4 DOM
2. 2026-06-08
   days on market $269,900 Active 3 DOM
3. 2026-06-07
   remarks 699-char remark
4. 2026-06-07
   listed $269,900 Active 2 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: $1,397 · $116/mo
• Projected year-2 tax: $1,397 · $116/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 1/10 Low
• 🌡 Heat 9/10 Extreme 7 d/yr ≥106°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,157
• − Mortgage interest: −$15,119
• − Property taxes: −$1,397
• − Insurance: −$1,350
• − Repairs & maintenance: −$2,013
• − Management: −$2,013
• − HOA: −$156
• − Depreciation: −$7,852
• Taxable loss: −$4,742
• Est. tax savings @ 24.0%: +$1,138
• After-tax cash flow: $1,124/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 — Daphne

• Score: 75/100
• State rank: #18
• US rank: #3949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Daphne, AL
• County: Baldwin County · 181,514 people
• City population: 36,484
• Metro: Daphne-Fairhope-Foley, AL
• Population (ZIP): 36,484
• Household income: $88,750
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 535.0

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 (78%)
• Race & ethnicity: White 78% Black 12% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 3% Lithuanian 2% Italian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 2% French/Haitian/Cajun 1% Russian/Polish/Slavic 1%

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: ▼ -61.47%
• Current HPI: 227.2692
• Rent YoY: ▲ 1.72%
• Metro: Daphne-Fairhope-Foley, 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

+58.8% since first listed

5 events — show timeline

• 2026-06-05 Listed $269,900 GCMLS AL
• 2026-06-05 Listed $269,900 BCAR
• 2008-03-07 Sold (Public Records) $210,000 Public Records
• 2004-08-31 Sold (Public Records) $236,000 Public Records
• 2004-08-31 Sold (Public Records) $170,000 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,397 · +15.8% YoY. Source: county tax records.