5101 Applewood Dr · Northport, AL 35473

$184,900

5 bd · 2.0 ba · 1,456 sqft · SingleFamily public records · 119 Days on market

Built 1961 0.91 ac lot $127/sqft · 33% below area Est $276k · 33% under ↓ 7% since listing

---

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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +6.0/10.0
• Livability +3.9/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor opportunity in Northport! This 5BR/2BA home offers strong income potential with separate living spaces on each level. Main floor features 3BR/1BA, while the finished basement includes 2BR/1BA, a second kitchen, and second living area. Situated on two large lots totaling 0.91 acres. Airdna projects approx. $31,700/year in STR revenue. Northport has fewer short-term rental restrictions than Tuscaloosa, making this a compelling short-term rental play. Buyer to verify all info and local regulations.

Key facts

• Second kitchen
• Second living area
• Two large lots

Tags

• SEPARATE LIVING SPACES
• FINISHED BASEMENT
• SECOND KITCHEN
• SECOND LIVING AREA
• TWO LARGE LOTS
• STRONG INCOME POTENTIAL

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $494 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $168k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.5% vs local median 4.2% in Northport — 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 78/100 on livability (#8 in AL, #2,686 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: commute F.
• Tuscaloosa County (suburban): math 21% / reading 45% proficiency, ranked #47 of 129 in AL (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 108 active listings in the ZIP; 622 units permitted in Tuscaloosa County in 2024 (69 in 5+ unit buildings).
• This rent runs 35% of the median local income ($70k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Tuscaloosa County population projected at +26% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $52k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 55% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $168,259 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.10% ✓
• Cap rate: 9.50%
• Cash-on-cash: 11.44%
• DSCR: 1.51
• GRM: 7.5

CMA / ARV

• ARV (median comp): $276,334
• List price: $184,900
• Delta: -33.09%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5006 Highway 171	0.50mi	4/2.0 (-1)	1,602 (+10%)	24mo	$185,000	$115	35

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 0.7%
• Equity multiple: 1.03×
• Total profit: $1,413
• Equity at exit: $27,569

10-year hold

• IRR: 10.3%
• Equity multiple: 1.80×
• Total profit: $41,446
• Equity at exit: $15,987

Cash invested: $51,772 (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 35473

• Home prices YoY: -14.6%
• Active inventory: 108
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,042 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$73 /mo · $872/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$429
• Net cashflow: $494

Break-even live

Break-even rent $1,417

Max offer price $184,900

Occupancy floor 71%

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-14
   days on market $184,900 Active 119 DOM
2. 2026-06-13
   days on market $184,900 Active 118 DOM
3. 2026-06-10
   days on market $184,900 Active 116 DOM
4. 2026-06-09
   days on market $184,900 Active 115 DOM
5. 2026-06-08
   days on market $184,900 Active 114 DOM
6. 2026-06-07
   days on market $184,900 Active 113 DOM
7. 2026-06-05
   days on market $184,900 Active 110 DOM
8. 2026-06-03
   days on market $184,900 Active 109 DOM
9. 2026-06-03
   remarks 602-char remark
10. 2026-06-02
    pricedays on market $184,900 Active 108 DOM
11. 2026-06-01
    days on market $199,900 Active 107 DOM
12. 2026-05-31
    days on market $199,900 Active 106 DOM
13. 2026-05-30
    days on market $199,900 Active 105 DOM
14. 2026-04-01
    status Active 509-char remark

    Show marketing remark (509 chars)

    Investor opportunity in Northport! This 5BR/2BA home offers strong income potential with separate living spaces on each level. Main floor features 3BR/1BA, while the finished basement includes 2BR/1BA, a second kitchen, and second living area. Situated on two large lots totaling 0.91 acres. Airdna projects approx. $31,700/year in STR revenue. Northport has fewer short-term rental restrictions than Tuscaloosa, making this a compelling short-term rental play. Buyer to verify all info and local regulations.

15. 2026-03-31
    status Pending 509-char remark

    Show marketing remark (509 chars)

    Investor opportunity in Northport! This 5BR/2BA home offers strong income potential with separate living spaces on each level. Main floor features 3BR/1BA, while the finished basement includes 2BR/1BA, a second kitchen, and second living area. Situated on two large lots totaling 0.91 acres. Airdna projects approx. $31,700/year in STR revenue. Northport has fewer short-term rental restrictions than Tuscaloosa, making this a compelling short-term rental play. Buyer to verify all info and local regulations.

16. 2026-03-20
    price $199,900 509-char remark

    Show marketing remark (509 chars)

    Investor opportunity in Northport! This 5BR/2BA home offers strong income potential with separate living spaces on each level. Main floor features 3BR/1BA, while the finished basement includes 2BR/1BA, a second kitchen, and second living area. Situated on two large lots totaling 0.91 acres. Airdna projects approx. $31,700/year in STR revenue. Northport has fewer short-term rental restrictions than Tuscaloosa, making this a compelling short-term rental play. Buyer to verify all info and local regulations.

17. 2026-02-13
    listed $215,000 Active 509-char remark

    Show marketing remark (509 chars)

    Investor opportunity in Northport! This 5BR/2BA home offers strong income potential with separate living spaces on each level. Main floor features 3BR/1BA, while the finished basement includes 2BR/1BA, a second kitchen, and second living area. Situated on two large lots totaling 0.91 acres. Airdna projects approx. $31,700/year in STR revenue. Northport has fewer short-term rental restrictions than Tuscaloosa, making this a compelling short-term rental play. Buyer to verify all info and local regulations.

ⓘ 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: $872 · $73/mo
• Projected year-2 tax: $872 · $73/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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 55% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,501
• − Mortgage interest: −$10,357
• − Property taxes: −$872
• − Insurance: −$924
• − Repairs & maintenance: −$1,960
• − Management: −$1,960
• − Depreciation: −$5,379
• Taxable income: $3,048
• Est. tax owed @ 24.0%: −$732
• After-tax cash flow: $5,192/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: Tuscaloosa County
• NCES district ID: 0103390
• Math proficiency: 21% ▼ -24.00%
• Reading proficiency: 45% ▲ 2.00%
• Median HH income: $53,000
• Composite: 28.88/100
• National rank: #6641
• State rank: #47 of 129 in AL

Livability — Northport

• Score: 78/100
• State rank: #8
• US rank: #2686

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Tuscaloosa County · 206,491 people
• City population: 47,464
• Metro: Tuscaloosa, AL
• Population (ZIP): 18,198
• Household income: $69,657
• Rent vs Own: 41.0% rent · 59.0% own
• Severe rent burden: 740.0

Population outlook (Tuscaloosa County) Hauer SSP2

• Today (2025): 228,293 people
• By 2030: 240,551 · +5.4%
• By 2040: 263,856 · +15.6%
• By 2050: 286,491 · +25.5%
• By 2075: 335,783 · +47.1%
• By 2100: 370,520 · +62.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Black 20% Hispanic / Latino 9% Two or more races 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Serbian 3% Slovak 1% Italian 1%
• Foreign-born: 6% · Canada
• Languages at home: 91% English-only · Spanish 6% German/W. Germanic 1%

Political lean MEDSL · Tuscaloosa

• 2024 margin: Strong R (+20.4) · D 39.4% · R 59.8%
• 2008→2024 swing: -4.4pp toward R · 2008: -16.0pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+14.8 2016: R+19.5 2012: R+17.4 2008: R+16.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -37.92%
• Current HPI: 222.5458
• Rent YoY: —
• Metro: Tuscaloosa, 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

-7.0% since first listed

4 events — show timeline

• 2026-04-01 Relisted — WAMLS
• 2026-03-31 Pending — WAMLS
• 2026-03-20 Price Changed $199,900 WAMLS
• 2026-02-13 Listed $215,000 WAMLS

Property tax history

+11.7%/yr

Latest (2025): $872 · +7.0% YoY. Source: county tax records.