3157 Malone Dr · Montgomery, AL 36109

$139,900

3 bd · 2.0 ba · 1,433 sqft · SingleFamily public records · 57 Days on market

Built 1977 $98/sqft · 11% below area Est $205k · 32% under

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Why this score? — see what drove the C+ 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 +24.4/30.0
• ARV discount +15.0/15.0
• DSCR +7.9/10.0
• 1% rule +5.2/10.0
• 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

PRICED ROCK BOTTOM AND NEEDS WORK - 3 bedroom 2/1 bath home. Great floorplan! Front LR with soaring ceiling, 1/2 bath, DR or office, Den with fireplace, DR, kitchen laundry all on main level, 3 nice sized bedrooms and 2 full baths on 2nd floor. Good closet space and storage. Deck and 2 car garage. NEEDS a roof, carpet, paint, plumbing fixtures, some lighting fixtures. ETC. .. .. .. .. .. .but priced accordingly. Home strictly sold as-is with right of inspection. Buyer and/or Buyer Agent to satisfy themselves with operating systems, home condition, school zones, etc. .. .seller representative has never occupied the home and has limited knowledge of any of the above.

Key facts

• 2 garage spots
• Built 1977
• Listed 57 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $284 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $136k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.7% 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: schools C-, employment D, crime F.
• 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.
• Market conditions: Rents rising (+2.6%/yr); 207 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 42% 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 $967 of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 27y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $93k; list at $140k implies a 50% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.02% ✓
• Cap rate: 8.73%
• Cash-on-cash: 8.70%
• DSCR: 1.39
• GRM: 8.2

CMA / ARV

• ARV (median comp): $204,568
• List price: $139,900
• Delta: -31.61%
• Verdict: UNDERPRICED
• Comps: 20 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3326 Vermont Dr	0.29mi	3/2.0	1,568 (+9%)	2mo	$80,000	$51	69
508 Forest Hills Dr	0.25mi	3/2.0	1,267 (-12%)	1mo	$55,500	$44	68
403 Nottingham Rd	0.59mi	3/1.0	1,450 (+1%)	0mo	$39,901	$28	66
47 Salem Dr	0.71mi	3/2.0	1,419 (-1%)	3mo	$162,500	$115	63
664 Joryne Dr	0.62mi	3/2.0	1,363 (-5%)	1mo	$129,000	$95	62
753 Green Ridge Rd	0.36mi	3/2.0	1,634 (+14%)	3mo	$163,600	$100	57
3243 Durham Dr	0.66mi	4/2.0 (+1)	1,363 (-5%)	1mo	$150,000	$110	56
3 Kent St	0.64mi	3/2.0	1,305 (-9%)	1mo	$102,750	$79	55
3602 Little John Dr	0.49mi	3/1.0	1,286 (-10%)	4mo	$65,000	$51	53
45 Kent St	0.70mi	3/1.0	1,338 (-7%)	3mo	$94,000	$70	50
3700 Ramos Ct	0.71mi	3/2.0	1,232 (-14%)	3mo	$134,400	$109	41
968 Karen Rd	0.66mi	3/2.0	1,221 (-15%)	4mo	$92,000	$75	41

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: -3.5%
• Equity multiple: 0.87×
• Total profit: $-5,131
• Equity at exit: $20,860

10-year hold

• IRR: 5.8%
• Equity multiple: 1.42×
• Total profit: $16,570
• Equity at exit: $12,096

Cash invested: $39,172 (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: 207
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,429 high
• Mortgage (P&I): −$734
• Tax from tax record: −$53 /mo · $637/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $284

Break-even live

Break-even rent $1,070

Max offer price $139,900

Occupancy floor 75%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3233 Hillcrest Ln Montgomery, AL	3.0	2.0	1278	$1,395	$1.09	20d	1	0.13mi
401 Ridgewood Ln Montgomery, AL	3.0	2.0	1513	$1,195	$0.79	20d	1	0.14mi
3309 Hillcrest Ln Unit 1043908P Montgomery, AL	4.0	2.0	1625	$2,885	$1.78	20d	1	0.20mi
3329 Vermont Dr Montgomery, AL	3.0	1.5	1465	$1,395	$0.95	13d	1	0.31mi
3334 Cottonwood Dr Montgomery, AL	3.0	2.0	1025	$1,295	$1.26	13d	1	0.35mi
311 Bradley Dr Montgomery, AL	3.0	1.0	1104	$825	$0.75	43d	1	0.37mi
122 Oak Forest Dr Montgomery, AL	3.0	1.0	1092	$975	$0.89	20d	1	0.38mi
3319 Willow Lane Dr Montgomery, AL	3.0	2.0	1032	$1,200	$1.16	43d	1	0.38mi
239 Forest Hills Dr Montgomery, AL	4.0	1.5	1500	$1,450	$0.97	20d	1	0.41mi
3515 Cottonwood Dr Montgomery, AL	3.0	1.5	1246	$1,350	$1.08	43d	1	0.46mi
926 Green Ridge Ct Montgomery, AL	3.0	2.0	1665	$1,381	$0.83	13d	1	0.48mi
3602 Little John Dr Montgomery, AL	4.0	1.0	1286	$1,400	$1.09	20d	1	0.51mi
18 Oak Forest Dr Montgomery, AL	3.0	2.0	1580	$1,050	$0.66	20d	1	0.53mi
15 Bradley Dr Montgomery, AL	3.0	2.0	1365	$1,500	$1.10	20d	1	0.55mi
7 Bradley Dr Montgomery, AL	3.0	2.0	1529	$1,500	$0.98	13d	1	0.58mi
118 Nottingham Ct Montgomery, AL	3.0	2.0	1344	$1,275	$0.95	43d	1	0.59mi
7 Calhoun Rd Unit B Montgomery, AL	2.0	1.0	961	$850	$0.88	43d	1	0.65mi
688 Joryne Dr Montgomery, AL	3.0	2.0	1500	$1,200	$0.80	43d	1	0.65mi
817 Dumont Dr Montgomery, AL	3.0	2.0	1635	$1,800	$1.10	13d	1	0.66mi
3323 Bedford Ln Montgomery, AL	3.0	2.0	1134	$1,200	$1.06	20d	1	0.68mi
3136 Harrison Rd Montgomery, AL	3.0	1.5	1355	$1,025	$0.76	43d	1	0.68mi
3346 Bedford Ln Montgomery, AL	3.0	1.0	1134	$1,295	$1.14	13d	1	0.71mi
3359 Bedford Ln Montgomery, AL	4.0	2.0	1786	$1,600	$0.90	13d	1	0.72mi
844 Sir Michael Dr Montgomery, AL	4.0	2.0	1502	$1,650	$1.10	43d	1	0.72mi
3456 Harrison Rd Montgomery, AL	3.0	1.0	1008	$1,300	$1.29	43d	1	0.76mi
67 Holliday Dr Montgomery, AL	3.0	1.0	1156	$1,200	$1.04	43d	1	0.77mi
860 Greg Dr Montgomery, AL	3.0	2.0	1400	$1,295	$0.93	13d	1	0.78mi
108 Calhoun Rd Unit 108B Montgomery, AL	2.0	1.0	1350	$750	$0.56	43d	1	0.81mi
167 E Salem Dr Montgomery, AL	3.0	2.0	1700	$1,050	$0.62	43d	1	0.82mi
1117 Karen Rd Montgomery, AL	3.0	1.0	1308	$1,195	$0.91	43d	1	0.85mi
3692 Fairfield Dr Montgomery, AL	3.0	2.0	1524	$1,400	$0.92	20d	1	0.86mi
3318 Habersham Rd Montgomery, AL	3.0	2.0	1134	$1,250	$1.10	13d	1	0.86mi
200 Eton Rd Montgomery, AL	3.0	1.5	1500	$895	$0.60	13d	1	0.86mi
186 E Salem Dr Montgomery, AL	3.0	1.0	1040	$1,195	$1.15	20d	1	0.87mi
908 Greg Dr Montgomery, AL	3.0	1.0	1520	$1,100	$0.72	20d	1	0.87mi
895 Greg Dr Montgomery, AL	3.0	2.0	1489	$1,600	$1.07	13d	1	0.87mi
2229 Madison Ave Montgomery, AL	2.0	1.0	1100	$625	$0.57	43d	1	0.89mi
3105 Pelzer Ave Montgomery, AL	4.0	2.0	1605	$1,425	$0.89	43d	1	0.91mi
2310 Yancey Ave Montgomery, AL	3.0	1.0	1212	$1,250	$1.03	43d	1	0.93mi
1154 Lakewood Dr Montgomery, AL	3.0	2.0	1066	$1,350	$1.27	43d	1	0.94mi

Listing history 21 events

1. 2026-06-18
   days on market $139,900 Active 57 DOM
2. 2026-06-17
   days on market $139,900 Active 56 DOM
3. 2026-06-16
   days on market $139,900 Active 55 DOM
4. 2026-06-15
   days on market $139,900 Active 54 DOM
5. 2026-06-14
   days on market $139,900 Active 52 DOM
6. 2026-06-13
   pricedays on market $139,900 Active 51 DOM
7. 2026-06-10
   days on market $150,000 Active 49 DOM
8. 2026-06-09
   days on market $150,000 Active 48 DOM
9. 2026-06-08
   days on market $150,000 Active 47 DOM
10. 2026-06-07
    days on market $150,000 Active 46 DOM
11. 2026-06-03
    days on market $150,000 Active 42 DOM
12. 2026-06-02
    days on market $150,000 Active 41 DOM
13. 2026-06-01
    days on market $150,000 Active 40 DOM
14. 2026-05-31
    days on market $150,000 Active 39 DOM
15. 2026-05-30
    days on market $150,000 Active 38 DOM
16. 2026-04-22
    listed $150,000 Active 673-char remark

    Show marketing remark (673 chars)

    PRICED ROCK BOTTOM AND NEEDS WORK - 3 bedroom 2/1 bath home. Great floorplan! Front LR with soaring ceiling, 1/2 bath, DR or office, Den with fireplace, DR, kitchen laundry all on main level, 3 nice sized bedrooms and 2 full baths on 2nd floor. Good closet space and storage. Deck and 2 car garage. NEEDS a roof, carpet, paint, plumbing fixtures, some lighting fixtures. ETC. .. .. .. .. .. .but priced accordingly. Home strictly sold as-is with right of inspection. Buyer and/or Buyer Agent to satisfy themselves with operating systems, home condition, school zones, etc. .. .seller representative has never occupied the home and has limited knowledge of any of the above.

17. 2014-01-27
    soldstatus $93,000 555-char remark

    Show marketing remark (555 chars)

    Great home that's in excellent condition. Freshly painted thru-out. This 3 bedroom, 2.5 bath home has been well-loved by its previous owner. You can tell by the kitchen upgrades. The den is spacious with a cozy fireplace to keep warm in the winter. There are also a separate den, formal dining room, cute stair casing, a neat and clean 2 car garage, a lovely covered patio for relaxation, and the half bath is on the first floor. The carpeting in almost new condition. All of this and a manicured lawn. Stop by today for a fresh look at this 'cream puff'.

18. 2013-11-18
    listed $93,000 555-char remark

    Show marketing remark (555 chars)

    Great home that's in excellent condition. Freshly painted thru-out. This 3 bedroom, 2.5 bath home has been well-loved by its previous owner. You can tell by the kitchen upgrades. The den is spacious with a cozy fireplace to keep warm in the winter. There are also a separate den, formal dining room, cute stair casing, a neat and clean 2 car garage, a lovely covered patio for relaxation, and the half bath is on the first floor. The carpeting in almost new condition. All of this and a manicured lawn. Stop by today for a fresh look at this 'cream puff'.

19. 2011-04-13
    soldstatus $134,800
20. 2011-03-12
    listed $134,850
21. 1999-03-22
    listed $89,900

ⓘ 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: $637 · $53/mo
• Projected year-2 tax: $637 · $53/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 7/10 Severe 7 d/yr ≥107°F today · 19 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: $17,151
• − Mortgage interest: −$7,837
• − Property taxes: −$637
• − Insurance: −$700
• − Repairs & maintenance: −$1,372
• − Management: −$1,372
• − Depreciation: −$4,070
• Taxable income: $1,164
• Est. tax owed @ 24.0%: −$279
• After-tax cash flow: $3,130/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

+66.9% since first listed

6 events — show timeline

• 2026-04-22 Listed $150,000 MAAR
• 2014-01-27 Sold (MLS) $93,000 MAAR
• 2013-11-18 Listed $93,000 MAAR
• 2011-04-13 Sold (MLS) $134,800 MAAR
• 2011-03-12 Listed $134,850 MAAR
• 1999-03-22 Listed $89,900 MAAR

Property tax history

+5.8%/yr

Latest (2025): $637 · +2.7% YoY. Source: county tax records.