108 Fire Fly Ln · Owens Cross Roads, AL 35763

$280,000

4 bd · 1.5 ba · 2,323 sqft · SingleFamily public records · 54 Days on market

Built 2010 8,712 sqft lot $121/sqft · at area comps Est $286k · at est.

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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 +11.9/30.0
• ARV discount +8.5/15.0
• Schools +3.7/10.0
• DSCR +3.5/10.0
• Rent growth +3.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come see for yourself! This well-maintained 4-bedroom home is situated in an awesome location that offers the perfect blend of country living and easy access to urban conveniences. Step inside to find a cozy corner fireplace that creates a warm and inviting atmosphere, ideal for gatherings with friends and family. Love to entertain or relax outdoors? You'll fall in love with the backyard oasis, featuring a privacy fence and a charming pergola-perfect for enjoying the crisp fall air The spacious kitchen boasts an open concept layout, ensuring you never miss a moment with your guests while preparing meals. Don't miss out on this incredible opportunity-schedule your tour today.

Key facts

• Backyard oasis
• Privacy fence
• Open concept layout

Tags

• COZY CORNER FIREPLACE
• BACKYARD OASIS
• PRIVACY FENCE
• CHARMING PERGOLA
• OPEN CONCEPT LAYOUT

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-69 ($-832/yr) — negative.
• To cash-flow at today's rent, offer at most $268k (4.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $202k (28.0% below list).
• Recommended offer: $202k (28.0% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.5% in Owens Cross Roads — 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 68/100 on livability (#65 in AL) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute 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.
• Market conditions: Rents rising (+3.5%/yr); 366 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 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.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($272k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $242k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 23% 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 $201,729 (28.0% 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 54 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.72% ✗
• Cap rate: 6.00%
• Cash-on-cash: -1.06%
• DSCR: 0.95
• GRM: 11.6

CMA / ARV

• ARV (median comp): $286,406
• List price: $280,000
• Delta: -2.24%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
108 Fire Fly Ln	0.00mi	4/2.5	2,343 (+1%)	0mo	$268,000	$114	94
664 Piney Woods Rd	0.07mi	4/3.0	2,291 (-1%)	14mo	$335,000	$146	76
123 Firefly Ln	0.11mi	4/2.5	2,116 (-9%)	11mo	$249,000	$118	67
100 Firefly Ln	0.05mi	3/2.5 (-1)	2,076 (-11%)	12mo	$180,000	$87	61
214 Chubbs Ln	0.32mi	4/3.0	1,992 (-14%)	2mo	$339,000	$170	54
138 Barlow Way	0.54mi	3/2.5 (-1)	2,113 (-9%)	12mo	$345,000	$163	41
113 Barlow Way	0.66mi	4/3.0	2,583 (+11%)	10mo	$359,900	$139	36
105 Barlow Way	0.71mi	3/2.5 (-1)	2,110 (-9%)	18mo	$348,900	$165	27
101 Barlow Way	0.73mi	3/2.5 (-1)	2,110 (-9%)	21mo	$345,798	$164	24

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 · 3.54% rent growth · sell at horizon

5-year hold

• IRR: -17.6%
• Equity multiple: 0.38×
• Total profit: $-48,825
• Equity at exit: $41,749

10-year hold

• IRR: -8.9%
• Equity multiple: 0.44×
• Total profit: $-44,189
• Equity at exit: $24,209

Cash invested: $78,400 (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 35763

• Home prices YoY: -3.6%
• Rents YoY: 3.5%
• Active inventory: 366
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,017 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$78 /mo · $936/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$424
• Net cashflow: $-69

Break-even live

Break-even rent $2,105

Max offer price $267,745

Occupancy floor 98%

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
104 Fire Fly Ln Owens Cross Roads, AL	3.0	3.0	2194	$1,561	$0.71	13d	1	0.05mi
175 Lyons Rd Owens Cross Roads, AL	4.0	3.0	2264	$1,950	$0.86	43d	1	0.13mi
213 Chubbs Ln Owens Cross Roads, AL	3.0	2.0	1628	$1,825	$1.12	43d	1	0.29mi
135 Varina Dr Owens Cross Roads, AL	4.0	2.5	3078	$2,200	$0.71	21d	1	0.73mi
106 Belle Haven Dr Owens Cross Roads, AL	3.0	2.5	1594	$1,331	$0.84	23d	1	0.95mi
119 Belle Haven Dr Owens Cross Roads, AL	3.0	2.5	2246	$1,690	$0.75	13d	1	0.97mi
136 Winstead Cir Owens Cross Roads, AL	3.0	2.5	1980	$1,650	$0.83	43d	1	0.98mi
138 Winstead Cir Owens Cross Roads, AL	3.0	2.5	2375	$1,910	$0.80	13d	1	0.99mi
126 Belle Haven Dr Unit 126 Owens Cross Roads, AL	4.0	2.5	3280	$1,860	$0.57	13d	1	1.01mi

Listing history 7 events

1. 2026-05-13
   status Pending 688-char remark

   Show marketing remark (688 chars)

   Come see for yourself! This well-maintained 4-bedroom home is situated in an awesome location that offers the perfect blend of country living and easy access to urban conveniences. Step inside to find a cozy corner fireplace that creates a warm and inviting atmosphere, ideal for gatherings with friends and family. Love to entertain or relax outdoors? You'll fall in love with the backyard oasis, featuring a privacy fence and a charming pergola-perfect for enjoying the crisp fall air The spacious kitchen boasts an open concept layout, ensuring you never miss a moment with your guests while preparing meals. Don't miss out on this incredible opportunity-schedule your tour today.

2. 2026-03-20
   listed $280,000 Active 688-char remark

   Show marketing remark (688 chars)

   Come see for yourself! This well-maintained 4-bedroom home is situated in an awesome location that offers the perfect blend of country living and easy access to urban conveniences. Step inside to find a cozy corner fireplace that creates a warm and inviting atmosphere, ideal for gatherings with friends and family. Love to entertain or relax outdoors? You'll fall in love with the backyard oasis, featuring a privacy fence and a charming pergola-perfect for enjoying the crisp fall air The spacious kitchen boasts an open concept layout, ensuring you never miss a moment with your guests while preparing meals. Don't miss out on this incredible opportunity-schedule your tour today.

3. 2025-09-03
   listed $290,000 Active
4. 2016-01-28
   soldstatus $241,500
5. 2015-09-01
   soldstatus $139,000
6. 2015-08-31
   soldstatus $139,000
7. 2013-08-30
   listed $145,000

ⓘ 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: $936 · $78/mo
• Projected year-2 tax: $1,148 · $96/mo
• Expected delta: +$212/yr (+$18/mo · 22.6%)

ⓘ 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 ≥105°F today · 22 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 23% 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: $24,207
• − Mortgage interest: −$15,684
• − Property taxes: −$936
• − Insurance: −$1,400
• − Repairs & maintenance: −$1,937
• − Management: −$1,937
• − Depreciation: −$8,145
• Taxable loss: −$5,832
• Est. tax savings @ 24.0%: +$1,400
• After-tax cash flow: $567/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 — Owens Cross Roads

• Score: 68/100
• State rank: #65
• US rank: #9303

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Owens Cross Roads, AL
• County: Madison County · 380,832 people
• City population: 19,819
• Metro: Huntsville, AL
• Population (ZIP): 19,819
• Household income: $123,497
• Rent vs Own: 7.5% rent · 92.5% own
• Severe rent burden: 73.0

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 (85%)
• Race & ethnicity: White 85% Two or more races 8% Hispanic / Latino 5% Black 2% Asian 2%
• Common ancestry: Italian 5% Slovak 2% Serbian 2%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Russian/Polish/Slavic 1%

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: ▼ -10.43%
• Current HPI: 281.0561
• Rent YoY: ▲ 3.54%
• Metro: Huntsville, 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

+93.1% since first listed

7 events — show timeline

• 2026-05-13 Pending — VMLS
• 2026-03-20 Listed $280,000 VMLS
• 2025-09-03 Listed $290,000 VMLS
• 2016-01-28 Sold (Public Records) $241,500 Public Records
• 2015-09-01 Sold (Public Records) $139,000 Public Records
• 2015-08-31 Sold (MLS) $139,000 VMLS
• 2013-08-30 Listed $145,000 VMLS

Property tax history

+7.0%/yr

Latest (2024): $936 · +2.7% YoY. Source: county tax records.