608 Lynwood Dr · Montgomery, AL 36111

$155,000

5 bd · 2.0 ba · 1,431 sqft · SingleFamily public records · 69 Days on market

Built 1955 0.37 ac lot $108/sqft · 71% above area Est $111k · 40% over

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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 +21.8/30.0
• DSCR +7.0/10.0
• 1% rule +4.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR SPECIAL – CASH FLOWING PROPERTY WITH TENANT IN PLACE! Welcome to this income-producing opportunity with a tenant already in place paying $1,635/month—perfect for investors looking for immediate returns. This spacious home features 5 bedrooms and 2 full bathrooms, offering ample living space and strong rental appeal. Recent upgrades provide peace of mind, including a newer roof, HVAC system (2025), and a brand new refrigerator. The kitchen is equipped with granite countertops and stainless steel appliances, while a separate utility room includes washer and dryer connections for added convenience. Step outside to a large backyard, ideal for entertaining, complete with additional covered parking and versatile space for gatherings. Don’t miss this turnkey investment opportunity—contact your favorite realtor today! * * Listing photos were taken prior to the tenant moving in. * *

Key facts

• Covered parking
• Newer roof
• Large backyard

Tags

• NEWER ROOF
• HVAC SYSTEM
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• LARGE BACKYARD
• COVERED PARKING

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $155k.

Deal economics

• At list price, monthly cash flow is $240 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $154k (0.9% below list).
• Recommended offer: $146k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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: employment D, crime F, amenities D-.
• 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.
• Zoned schools: Bellingrath Middle School (math 0% / reading 12%, grade F, #252 of 257 statewide, top 98%, 607 students, 96% FRL, charter); Lanier Senior High School (math 2% / reading 12%, grade F, #265 of 305 statewide, top 89%, 798 students, 94% FRL) — zoned schools average 95% FRL vs 70% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 7% at this address vs 20% district-wide (-13 pts) — the specific schools serving this property underperform the Montgomery County average; the district grade overstates school quality for this exact location.
• Market conditions: 114 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $5k 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 69 days — a 6% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 8y 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.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $145,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — 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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.99% ✗
• Cap rate: 8.15%
• Cash-on-cash: 6.64%
• DSCR: 1.30
• GRM: 8.4

CMA / ARV

• ARV (median comp): $110,921
• List price: $155,000
• Delta: 39.74%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3902 Wesley Dr	0.11mi	5/2.0	1,350 (-6%)	9mo	$143,000	$106	78
1202 Devonshire Dr	0.64mi	4/2.0 (-1)	1,437 (+0%)	2mo	$143,000	$100	63
329 Tanglewood Dr	0.37mi	4/1.0 (-1)	1,523 (+6%)	8mo	$95,000	$62	56
1048 Lynwood Dr	0.49mi	4/2.0 (-1)	1,502 (+5%)	13mo	$82,500	$55	53
3809 Southmont Dr	0.50mi	4/1.0 (-1)	1,535 (+7%)	21mo	$28,000	$18	38
1231 Devonshire Dr	0.67mi	4/2.0 (-1)	1,551 (+8%)	16mo	$107,000	$69	37
16 E Clover Ln	0.65mi	4/2.0 (-1)	1,525 (+7%)	23mo	$25,000	$16	34
4 Collinwood Ave	0.72mi	5/2.0	1,610 (+12%)	22mo	$92,000	$57	27
3533 Princeton Rd	0.57mi	4/1.0 (-1)	1,632 (+14%)	22mo	$74,900	$46	22

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: -6.1%
• Equity multiple: 0.77×
• Total profit: $-9,866
• Equity at exit: $23,111

10-year hold

• IRR: 3.5%
• Equity multiple: 1.25×
• Total profit: $10,945
• Equity at exit: $13,402

Cash invested: $43,400 (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 36111

• Home prices YoY: -6.9%
• Active inventory: 114
• Price-to-rent: 8.4×

Monthly cashflow live

• Estimated rent: $1,537 high
• Mortgage (P&I): −$813
• Tax from tax record: −$96 /mo · $1,157/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$323
• Net cashflow: $240

Break-even live

Break-even rent $1,233

Max offer price $155,000

Occupancy floor 79%

Sensitivity live

Price	-10% $328	-5% $284	+0% $240	+5% $196	+10% $152
Rent	-10% $119	-5% $179	+0% $240	+5% $301	+10% $361
Rate	-1.0pp $318	-0.5pp $279	base $240	+0.5pp $200	+1.0pp $159

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: $38,750
• Closing costs: $4,650
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3902 Wesley Dr Montgomery, AL	5.0	2.0	1689	$1,595	$0.94	23d	1	0.10mi
3720 Stanley Dr Montgomery, AL	4.0	2.0	1719	$1,650	$0.96	23d	1	0.19mi
1067 Roslyn Dr Montgomery, AL	4.0	2.0	1760	$1,125	$0.64	23d	1	0.55mi
1388 Adrian Ln Montgomery, AL	5.0	2.0	1701	$1,600	$0.94	15d	1	0.61mi
3445 Le Bron Rd Montgomery, AL	4.0	1.0	1100	$1,050	$0.95	23d	1	0.75mi
3544 Southmont Dr Montgomery, AL	4.0	1.5	1774	$1,300	$0.73	23d	1	0.83mi
1355 Buckingham Dr Montgomery, AL	4.0	2.0	1620	$1,650	$1.02	15d	1	0.85mi
1219 Biscayne Dr Montgomery, AL	4.0	1.5	1228	$1,295	$1.05	23d	1	0.90mi
4148 Edgar D Nixon Ave Montgomery, AL	4.0	1.0	1208	$1,200	$0.99	45d	1	0.96mi
1217 Woodbridge Dr Unit 1043843P Montgomery, AL	5.0	2.0	1496	$2,830	$1.89	15d	1	1.24mi
4751 Queensbury Ct Montgomery, AL	5.0	2.0	1694	$1,750	$1.03	45d	1	1.28mi
915 Queensbury Dr Montgomery, AL	4.0	2.0	1783	$1,500	$0.84	45d	1	1.29mi
139 Mount Vernon Dr Unit A Montgomery, AL	4.0	2.5	1700	$1,000	$0.59	45d	1	1.46mi
3616 Gaston Ave Montgomery, AL	4.0	2.0	1629	$1,300	$0.80	45d	1	1.49mi

Listing history 32 events

1. 2026-06-21
   days on market $155,000 Active 69 DOM
2. 2026-06-18
   days on market $155,000 Active 66 DOM
3. 2026-06-17
   days on market $155,000 Active 65 DOM
4. 2026-06-16
   days on market $155,000 Active 64 DOM
5. 2026-06-15
   days on market $155,000 Active 63 DOM
6. 2026-06-14
   days on market $155,000 Active 61 DOM
7. 2026-06-13
   days on market $155,000 Active 60 DOM
8. 2026-06-10
   days on market $155,000 Active 58 DOM
9. 2026-06-09
   days on market $155,000 Active 57 DOM
10. 2026-06-08
    days on market $155,000 Active 56 DOM
11. 2026-06-07
    days on market $155,000 Active 55 DOM
12. 2026-06-03
    days on market $155,000 Active 51 DOM
13. 2026-06-02
    days on market $155,000 Active 50 DOM
14. 2026-06-01
    days on market $155,000 Active 49 DOM
15. 2026-05-31
    days on market $155,000 Active 48 DOM
16. 2026-05-30
    days on market $155,000 Active 47 DOM
17. 2026-05-12
    price $155,000 922-char remark

    Show marketing remark (922 chars)

    INVESTOR SPECIAL – CASH FLOWING PROPERTY WITH TENANT IN PLACE! Welcome to this income-producing opportunity with a tenant already in place paying $1,635/month—perfect for investors looking for immediate returns. This spacious home features 5 bedrooms and 2 full bathrooms, offering ample living space and strong rental appeal. Recent upgrades provide peace of mind, including a newer roof, HVAC system (2025), and a brand new refrigerator. The kitchen is equipped with granite countertops and stainless steel appliances, while a separate utility room includes washer and dryer connections for added convenience. Step outside to a large backyard, ideal for entertaining, complete with additional covered parking and versatile space for gatherings. Don’t miss this turnkey investment opportunity—contact your favorite realtor today! * * Listing photos were taken prior to the tenant moving in. * *

18. 2026-04-13
    listed $160,000 Active 922-char remark

    Show marketing remark (922 chars)

    INVESTOR SPECIAL – CASH FLOWING PROPERTY WITH TENANT IN PLACE! Welcome to this income-producing opportunity with a tenant already in place paying $1,635/month—perfect for investors looking for immediate returns. This spacious home features 5 bedrooms and 2 full bathrooms, offering ample living space and strong rental appeal. Recent upgrades provide peace of mind, including a newer roof, HVAC system (2025), and a brand new refrigerator. The kitchen is equipped with granite countertops and stainless steel appliances, while a separate utility room includes washer and dryer connections for added convenience. Step outside to a large backyard, ideal for entertaining, complete with additional covered parking and versatile space for gatherings. Don’t miss this turnkey investment opportunity—contact your favorite realtor today! * * Listing photos were taken prior to the tenant moving in. * *

19. 2025-02-28
    historical $2,000
20. 2025-02-25
    price $2,000
21. 2025-02-15
    price $1,600
22. 2025-01-24
    listed $1,750
23. 2024-11-19
    historical $1,750
24. 2024-09-10
    price $1,750
25. 2024-08-28
    price $1,800
26. 2024-07-20
    listed $2,100
27. 2023-08-08
    status Pending 458-char remark

    Show marketing remark (458 chars)

    INVESTORS!!!Tenant approved at $1600.00/mnth. Totally renovated, ALL electric, 5 bedrooms & 2 baths home. This home has a NEW roof, new heat pump and water heater 3 years old. The kitchen has granite countertops and stainless steel appliances. All tile and dark paint-perfect for tenants. Separate utility room with washer and dryer connections. The large backyard is great for entertaining. Don't wait and miss out on this home, you will be impressed!

28. 2023-08-08
    soldstatus $135,000 Closed 458-char remark

    Show marketing remark (458 chars)

    INVESTORS!!!Tenant approved at $1600.00/mnth. Totally renovated, ALL electric, 5 bedrooms & 2 baths home. This home has a NEW roof, new heat pump and water heater 3 years old. The kitchen has granite countertops and stainless steel appliances. All tile and dark paint-perfect for tenants. Separate utility room with washer and dryer connections. The large backyard is great for entertaining. Don't wait and miss out on this home, you will be impressed!

29. 2023-08-03
    soldstatus $135,000
30. 2023-05-26
    listed $145,000 Active 458-char remark

    Show marketing remark (458 chars)

    INVESTORS!!!Tenant approved at $1600.00/mnth. Totally renovated, ALL electric, 5 bedrooms & 2 baths home. This home has a NEW roof, new heat pump and water heater 3 years old. The kitchen has granite countertops and stainless steel appliances. All tile and dark paint-perfect for tenants. Separate utility room with washer and dryer connections. The large backyard is great for entertaining. Don't wait and miss out on this home, you will be impressed!

31. 2018-11-16
    soldstatus $18,000
32. 2018-10-04
    listed $16,000

ⓘ 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: $1,157 · $96/mo
• Projected year-2 tax: $1,157 · $96/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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,439
• − Mortgage interest: −$8,682
• − Property taxes: −$1,157
• − Insurance: −$775
• − Repairs & maintenance: −$1,475
• − Management: −$1,475
• − Depreciation: −$4,509
• Taxable income: $365
• Est. tax owed @ 24.0%: −$88
• After-tax cash flow: $2,793/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
• City population: 175,913
• Population (ZIP): 12,196

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: Majority Black (60%)
• Race & ethnicity: Black 60% White 34% Asian 3% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Slovak 2% Serbian 2% Italian 1%
• Foreign-born: 3% · China, Canada
• Languages at home: 95% English-only · Other Indo-European 2% Spanish 1% Chinese 1%

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: ▼ -11.63%
• Current HPI: 156.4412
• 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

+868.8% since first listed

16 events — show timeline

• 2026-05-12 Price Changed $155,000 MAAR
• 2026-04-13 Listed $160,000 MAAR
• 2025-02-28 Rental Removed $2,000 BUILDIUM
• 2025-02-25 Price Changed $2,000 BUILDIUM
• 2025-02-15 Price Changed $1,600 BUILDIUM
• 2025-01-24 Listed for Rent $1,750 BUILDIUM
• 2024-11-19 Rental Removed $1,750 MAAR
• 2024-09-10 Price Changed $1,750 MAAR
• 2024-08-28 Price Changed $1,800 MAAR
• 2024-07-20 Listed for Rent $2,100 MAAR
• 2023-08-08 Pending — MAAR
• 2023-08-08 Sold (MLS) $135,000 MAAR
• 2023-08-03 Sold (Public Records) $135,000 Public Records
• 2023-05-26 Listed $145,000 MAAR
• 2018-11-16 Sold (MLS) $18,000 MAAR
• 2018-10-04 Listed $16,000 MAAR

Property tax history

+16.8%/yr

Latest (2025): $1,157 · -12.1% YoY. Source: county tax records.