177 Point Cadet Ave · Harvest, AL 35773

$243,650

3 bd · 2.0 ba · 1,480 sqft · SingleFamily · 37 Days on market

7,405 sqft lot $165/sqft · at area comps Est $254k · 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).

• Appreciation +10.0/10.0
• ARV discount +9.4/15.0
• Cash flow +7.0/30.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.0/10.0
• DSCR +1.2/10.0

Listing remarks MLS

This new single-level home features a spacious family room ideal for entertainment, while nearby is a peninsula-style kitchen that connects to an intimate dining area and a covered patio for outdoor activities. The owner's suite boasts an attached bathroom and walk-in closet, while two comfortable bedrooms are located at the opposite end of the home with access to an adjacent bathroom.

Key facts

• Covered front porch
• Open floor plan
• Eat-in kitchen

Tags

• COVERED FRONT PORCH
• FRONT YARD LANDSCAPING
• OPEN FLOOR PLAN
• EXPANSIVE FAMILY ROOM
• EAT-IN KITCHEN
• ENERGY-EFFICIENT APPLIANCES

Property features AI

Finance

• Other: Directions: AL-255 N and Pulaski Pike to Carter Grove Rd, right onto Carter Grove Rd, left on Delta Dawn Ave into neighborhood
• HOA & community: HOA with annual fee of $150; Subdivision: Kendall Trails

Exterior

• Parking: Two-car garage
• Utilities: Public water; Private sewer; Electric service (standard)
• Home design: Single family residence; Brick construction; Slab foundation; One story
• Construction: Built as new construction; Brick exterior; Slab foundation
• Exterior features: Public water; Private sewer; Lot approximately 0.17 acres (60 x 120)

Interior

• Bedrooms: 3 rooms total
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: New construction home; One level

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $244k.

Deal economics

• At list price, monthly cash flow is $-356 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $192k (21.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (30.3% below list).
• Recommended offer: $170k (30.3% below list) — sets the bar for 1% rule.
• Cap rate 4.5% vs local median 3.5% in Harvest — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 72/100 on livability (#27 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety 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.
• Zoned schools: Madison Cross Roads Elementary School (math 14% / reading 48%, grade F, #360 of 627 statewide, top 58%, 1,035 students, 59% FRL); Sparkman Middle School (math 18% / reading 53%, grade F, #81 of 257 statewide, top 33%, 859 students, 60% FRL); Sparkman High School (math 28% / reading 37%, grade F, #58 of 305 statewide, top 19%, 1,738 students, 37% FRL) — zoned schools average 52% FRL vs 29% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 326 active listings in the ZIP; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $26k of equity ($2k loan paydown + $24k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$42k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($236k) is reasonable based on typical stale-listing flexibility.
• 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,748 (30.3% 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. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 30% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.70% ✗
• Cap rate: 4.54%
• Cash-on-cash: -6.26%
• DSCR: 0.72
• GRM: 12.0

CMA / ARV

• ARV (median comp): $254,270
• List price: $243,650
• Delta: -4.18%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
169 Point Cadet Ave	0.02mi	3/2.0	1,420 (-4%)	10mo	$242,500	$171	84
238 Faded Rose Ln	0.13mi	4/2.0 (+1)	1,496 (+1%)	5mo	$235,900	$158	83
103 Coral Bells Rd	0.17mi	3/2.0	1,420 (-4%)	4mo	$220,000	$155	82
220 Faded Rose Ln	0.22mi	3/2.0	1,480 (0%)	10mo	$260,580	$176	82
239 Delta Dawn Ave	0.19mi	4/2.0 (+1)	1,496 (+1%)	4mo	$227,853	$152	81
229 Faded Rose Ln	0.17mi	4/2.0 (+1)	1,496 (+1%)	10mo	$229,900	$154	77
223 Faded Rose Ln	0.21mi	3/2.0	1,425 (-4%)	10mo	$254,060	$178	76
219 Faded Rose Ln	0.24mi	3/2.0	1,420 (-4%)	10mo	$225,610	$159	74
237 Faded Rose Ln	0.13mi	4/2.0 (+1)	1,559 (+5%)	9mo	$245,630	$158	72
173 Point Cadet Ave	0.01mi	4/2.0 (+1)	1,613 (+9%)	10mo	$242,890	$151	71
131 Point Cadet Ave	0.16mi	4/2.0 (+1)	1,559 (+5%)	10mo	$255,850	$164	70
213 Purple Martin Dr	0.56mi	3/2.0	1,416 (-4%)	1mo	$241,888	$171	66

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.9%
• Equity multiple: 2.61×
• Total profit: $110,071
• Equity at exit: $219,499

10-year hold

• IRR: 18.2%
• Equity multiple: 6.01×
• Total profit: $342,027
• Equity at exit: $473,358

Cash invested: $68,222 (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 35773

• Home prices YoY: 28.8%
• Active inventory: 326
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $1,697 medium
• Mortgage (P&I): −$1,278
• Tax est. 1.5%: −$305 /mo · $3,655/yr
• Insurance: −$102
• HOA: −$13
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $-356

Break-even live

Break-even rent $2,148

Max offer price $192,165

Occupancy floor —

Sensitivity live

Price	-10% $-187	-5% $-272	+0% $-356	+5% $-440	+10% $-524
Rent	-10% $-490	-5% $-423	+0% $-356	+5% $-289	+10% $-222
Rate	-1.0pp $-233	-0.5pp $-294	base $-356	+0.5pp $-419	+1.0pp $-483

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: $60,912
• Closing costs: $7,310
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 17 events

1. 2026-06-22
   days on market $243,650 Active 37 DOM
2. 2026-06-18
   days on market $243,650 Active 34 DOM
3. 2026-06-17
   days on market $243,650 Active 33 DOM
4. 2026-06-16
   days on market $243,650 Active 32 DOM
5. 2026-06-15
   days on market $243,650 Active 31 DOM
6. 2026-06-14
   days on market $243,650 Active 29 DOM
7. 2026-06-10
   days on market $243,650 Active 26 DOM
8. 2026-06-09
   days on market $243,650 Active 25 DOM
9. 2026-06-08
   days on market $243,650 Active 24 DOM
10. 2026-06-07
    days on market $243,650 Active 23 DOM
11. 2026-06-02
    days on market $243,650 Active 18 DOM
12. 2026-06-01
    days on market $243,650 Active 17 DOM
13. 2026-05-31
    days on market $243,650 Active 16 DOM
14. 2026-05-30
    days on market $243,650 Active 15 DOM

    Show marketing remark (388 chars)

    This new single-level home features a spacious family room ideal for entertainment, while nearby is a peninsula-style kitchen that connects to an intimate dining area and a covered patio for outdoor activities. The owner's suite boasts an attached bathroom and walk-in closet, while two comfortable bedrooms are located at the opposite end of the home with access to an adjacent bathroom.

15. 2026-05-15
    listed $243,650 Active 408-char remark
16. 2026-04-23
    price $243,650 388-char remark

    Show marketing remark (388 chars)

    This new single-level home features a spacious family room ideal for entertainment, while nearby is a peninsula-style kitchen that connects to an intimate dining area and a covered patio for outdoor activities. The owner's suite boasts an attached bathroom and walk-in closet, while two comfortable bedrooms are located at the opposite end of the home with access to an adjacent bathroom.

17. 2026-04-15
    listed $243,150 Active 388-char remark

    Show marketing remark (388 chars)

    This new single-level home features a spacious family room ideal for entertainment, while nearby is a peninsula-style kitchen that connects to an intimate dining area and a covered patio for outdoor activities. The owner's suite boasts an attached bathroom and walk-in closet, while two comfortable bedrooms are located at the opposite end of the home with access to an adjacent bathroom.

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,370
• − Mortgage interest: −$13,648
• − Property taxes: −$3,655
• − Insurance: −$1,218
• − Repairs & maintenance: −$1,630
• − Management: −$1,630
• − HOA: −$156
• − Depreciation: −$7,088
• Taxable loss: −$8,655
• Est. tax savings @ 24.0%: +$2,077
• After-tax cash flow: $-2,193/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 — Harvest

• Score: 72/100
• State rank: #27
• US rank: #5986

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 30,710
• Population (ZIP): 13,977

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: Predominantly White (72%)
• Race & ethnicity: White 72% Black 17% Hispanic / Latino 7% Two or more races 3% Asian 2%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Italian 3% Slovak 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 4%

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: ▲ 149.14%
• Current HPI: 666.8602
• Rent YoY: —
• Metro: —
• 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

+0.8% since first listed

5 events — show timeline

• 2026-05-30 Price Changed $245,150 Zillow
• 2026-05-26 Price Changed $248,650 Zillow
• 2026-05-15 Listed $243,650 VMLS
• 2026-04-23 Price Changed $243,650 Zillow
• 2026-04-15 Listed $243,150 Zillow