371 Oakland Rd · Madison, AL 35758

$169,900

3 bd · 1.0 ba · 1,456 sqft · Townhouse public records · 82 Days on market

Built 1987 $117/sqft · 8% below area Est $191k · 11% under

---

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 +16.4/30.0
• ARV discount +12.4/15.0
• Appreciation +10.0/10.0
• Schools +5.6/10.0
• DSCR +5.1/10.0
• 1% rule +4.5/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This fantastic townhome offers the perfect location in the heart of Madison! Just minutes from I-565, Town Madison, Research Park, and Redstone Arsenal, this home puts everything you need right at your fingertips. You'll love this desirable end-unit townhome with extra privacy and a spacious, fully fenced backyard. Inside, the home shines with fresh updates including new paint, luxury vinyl plank flooring, updated mirrors, and energy-efficient newer vinyl windows. All bedrooms are generously sized and feature convenient walk-in closets. The roomy kitchen is a standout, complete with sleek stainless steel appliances and beautiful sliding glass doors that walk onto the back patio. No HOA.

Key facts

• Sliding glass doors
• Fresh updates
• Walk in closets

Tags

• FULLY FENCED BACKYARD
• FRESH UPDATES
• LUXURY VINYL PLANK FLOORING
• WALK IN CLOSETS
• STAINLESS STEEL APPLIANCES
• SLIDING GLASS DOORS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath townhouse listed at $170k.

Deal economics

• At list price, monthly cash flow is $97 ($1k/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 $161k (5.3% below list).
• Recommended offer: $160k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.0% vs local median 2.6% in Madison — 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 76/100 on livability (#12 in AL, #3,280 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: amenities F, commute F.
• Madison City (suburban): math 51% / reading 71% proficiency, ranked #4 of 129 in AL (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Mill Creek Elementary School (math 61% / reading 77%, grade A-, #29 of 627 statewide, top 5%, 940 students, 22% FRL); Liberty Middle School (math 45% / reading 77%, grade B+, #9 of 257 statewide, top 3%, 1,493 students, 22% FRL); James Clemens High School (math 50% / reading 53%, grade D+, #14 of 305 statewide, top 4%, 2,149 students, 21% FRL).
• Market conditions: Rents rising (+1.6%/yr); 390 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).
• This rent is only 16% of the median local income ($117k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 1.6% rent growth), your $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$46k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $30k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $159,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.95% ✗
• Cap rate: 6.98%
• Cash-on-cash: 2.46%
• DSCR: 1.11
• GRM: 8.8

CMA / ARV

• ARV (median comp): $190,840
• List price: $169,900
• Delta: -10.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
365 Oakland Rd	0.01mi	3/2.0	1,415 (-3%)	7mo	$199,900	$141	85
377 Oakland Rd	0.02mi	3/2.0	1,522 (+4%)	12mo	$190,000	$125	78
140 Summerview Dr	0.19mi	3/2.5	1,525 (+5%)	2mo	$180,000	$118	76
325 Autumn Ln	0.14mi	3/2.0	1,448 (-0%)	23mo	$199,000	$137	69
207 Summerview Dr	0.21mi	3/2.0	1,512 (+4%)	13mo	$185,000	$122	69
301 Autumn Ln	0.19mi	3/2.0	1,464 (+0%)	21mo	$200,000	$137	69
203 Springvale Cir	0.21mi	2/2.0 (-1)	1,350 (-7%)	2mo	$179,900	$133	68
302 Winterhaven Trl	0.26mi	3/2.5	1,450 (-0%)	19mo	$197,710	$136	65
434 Summerview Dr	0.22mi	2/2.0 (-1)	1,317 (-10%)	5mo	$177,000	$134	60
403 Summerview Dr	0.23mi	2/1.5 (-1)	1,342 (-8%)	23mo	$175,000	$130	50
423 Oakland Rd	0.14mi	2/1.5 (-1)	1,250 (-14%)	15mo	$200,000	$160	50

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 · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 25.5%
• Equity multiple: 3.03×
• Total profit: $96,493
• Equity at exit: $153,059

10-year hold

• IRR: 22.1%
• Equity multiple: 6.78×
• Total profit: $274,990
• Equity at exit: $330,078

Cash invested: $47,572 (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 35758

• Home prices YoY: 4.2%
• Rents YoY: 1.6%
• Active inventory: 390
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,608 high
• Mortgage (P&I): −$891
• Tax from tax record: −$211 /mo · $2,536/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $97

Break-even live

Break-even rent $1,485

Max offer price $169,900

Occupancy floor 89%

Sensitivity live

Price	-10% $194	-5% $145	+0% $97	+5% $49	+10% $1
Rent	-10% $-30	-5% $34	+0% $97	+5% $161	+10% $224
Rate	-1.0pp $183	-0.5pp $141	base $97	+0.5pp $53	+1.0pp $9

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
403 Oakland Rd Madison, AL	2.0	2.5	1165	$1,295	$1.11	46d	1	0.11mi
111 Westscott Dr Madison, AL	2.0	2.0	975	$995	$1.02	46d	1	0.12mi
124 Westscott Dr Madison, AL	2.0	2.0	994	$1,025	$1.03	23d	1	0.13mi
104 Westscott Dr Madison, AL	2.0	2.0	975	$995	$1.02	46d	1	0.15mi
103 Betty Garrett Dr Madison, AL	4.0	2.0	1537	$2,600	$1.69	46d	1	0.26mi
194 Shelton Rd Madison, AL	2.0	1.0–2.0	729	$1,149	$1.58	16d	9	0.27mi
245 Pineridge Rd Madison, AL	3.0	2.0	1812	$2,000	$1.10	46d	1	0.29mi
112 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,049	$1.11	46d	1	0.33mi
115 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,090	$1.14	25d	1	0.34mi
121 Betty Garrett Dr Madison, AL	4.0	2.0	1841	$2,000	$1.09	46d	1	0.39mi
101 Springfield Ln Madison, AL	3.0	2.0	1640	$2,350	$1.43	46d	1	0.39mi
2002 Flagstone Dr Madison, AL	1.0–3.0	1.0–2.0	973	$1,544	$1.59	16d	77	0.44mi
104 Kathy Cir Madison, AL	3.0	2.0	1768	$1,995	$1.13	46d	1	0.59mi
7900 Old Madison Pike Madison, AL	2.0–4.0	1.0–2.5	1313	$1,445	$1.10	16d	11	0.67mi
1105 Woodbine Rd Madison, AL	3.0	1.5	1254	$1,500	$1.20	25d	1	0.69mi
286 Slaughter Rd NW Madison, AL	1.0–3.0	1.0–3.0	1385	$2,199	$1.59	16d	31	0.80mi
510 Clift Dr Madison, AL	3.0	2.0	1197	$1,600	$1.34	46d	1	0.80mi
240 Stadium Way Madison, AL	1.0–2.0	1.0–2.0	995	$1,690	$1.70	16d	29	0.86mi
1 Madison Park Dr Madison, AL	1.0–3.0	1.0–2.0	1149	$2,157	$1.88	16d	18	0.86mi
416 Walton Rd Madison, AL	3.0	2.0	1306	$1,795	$1.37	16d	1	0.89mi
100 Arch St Pl Madison, AL	1.0–2.0	1.0–2.0	838	$1,706	$2.03	16d	20	0.93mi
2300 Colonial Lake Dr Madison, AL	1.0–3.0	1.0–2.0	1083	$1,338	$1.23	16d	39	0.93mi
712 Marion Dr Madison, AL	3.0	1.0	1253	$1,450	$1.16	46d	1	0.93mi
105 Browns Ridge Ln Unit 1 Madison, AL	2.0	2.0	984	$1,250	$1.27	25d	1	0.93mi
200 Town Madison Blvd Madison, AL	1.0–2.0	1.0–2.0	998	$1,558	$1.56	16d	22	0.96mi
202 High Rd Madison, AL	3.0	2.5	1759	$2,375	$1.35	25d	1	1.02mi
349 Waters Edge Ln Unit n/a Madison, AL	2.0	2.0	1055	$1,050	$1.00	46d	1	1.07mi
210 Waters Edge Ln #6 Madison, AL	2.0	2.0	1060	$1,075	$1.01	46d	1	1.08mi
200 Millstone Ln Madison, AL	3.0	2.0	1425	$2,000	$1.40	46d	1	1.08mi
262 Waters Edge Ln Unit 262 Madison, AL	2.0	2.0	1055	$1,175	$1.11	46d	1	1.08mi
153 Canterbury Dr Madison, AL	3.0	2.0	1730	$1,950	$1.13	23d	1	1.19mi
180 Hughes Rd Madison, AL	1.0–4.0	1.0–3.5	1373	$2,250	$1.64	16d	45	1.24mi
124 Iberville St Madison, AL	2.0	2.0	1346	$2,049	$1.52	46d	1	1.33mi
425 Falls PT SW Unit 1 Madison, AL	3.0	3.0	1375	$1,615	$1.17	46d	1	1.44mi

Listing history 28 events

1. 2026-06-22
   statusdays on market $169,900 Contingent 82 DOM
2. 2026-06-18
   days on market $169,900 Active 79 DOM
3. 2026-06-17
   days on market $169,900 Active 78 DOM
4. 2026-06-16
   days on market $169,900 Active 77 DOM
5. 2026-06-15
   days on market $169,900 Active 76 DOM
6. 2026-06-14
   pricedays on market $169,900 Active 74 DOM
7. 2026-06-10
   days on market $179,900 Active 71 DOM
8. 2026-06-09
   days on market $179,900 Active 70 DOM
9. 2026-06-08
   days on market $179,900 Active 69 DOM
10. 2026-06-07
    days on market $179,900 Active 68 DOM
11. 2026-06-03
    days on market $179,900 Active 64 DOM
12. 2026-06-02
    days on market $179,900 Active 63 DOM
13. 2026-06-01
    days on market $179,900 Active 62 DOM
14. 2026-05-31
    days on market $179,900 Active 61 DOM
15. 2026-05-30
    days on market $179,900 Active 60 DOM
16. 2026-05-06
    price $189,900 698-char remark

    Show marketing remark (698 chars)

    This fantastic townhome offers the perfect location in the heart of Madison! Just minutes from I-565, Town Madison, Research Park, and Redstone Arsenal, this home puts everything you need right at your fingertips. You'll love this desirable end-unit townhome with extra privacy and a spacious, fully fenced backyard. Inside, the home shines with fresh updates including new paint, luxury vinyl plank flooring, updated mirrors, and energy-efficient newer vinyl windows. All bedrooms are generously sized and feature convenient walk-in closets. The roomy kitchen is a standout, complete with sleek stainless steel appliances and beautiful sliding glass doors that walk onto the back patio. No HOA.

17. 2026-03-31
    listed $199,900 Active 698-char remark

    Show marketing remark (698 chars)

    This fantastic townhome offers the perfect location in the heart of Madison! Just minutes from I-565, Town Madison, Research Park, and Redstone Arsenal, this home puts everything you need right at your fingertips. You'll love this desirable end-unit townhome with extra privacy and a spacious, fully fenced backyard. Inside, the home shines with fresh updates including new paint, luxury vinyl plank flooring, updated mirrors, and energy-efficient newer vinyl windows. All bedrooms are generously sized and feature convenient walk-in closets. The roomy kitchen is a standout, complete with sleek stainless steel appliances and beautiful sliding glass doors that walk onto the back patio. No HOA.

18. 2022-12-15
    soldstatus $205,000
19. 2022-12-13
    soldstatus $205,000 Sold 301-char remark

    Show marketing remark (301 chars)

    End unit townhouse with LVP flooring throughout the main level. New windows and a sliding glass door with a transferable warranty. Master bedroom has a spacious master closet. The backyard has a privacy fence. This townhouse is conveniently located to Toyota Field, shopping, and many new restaurants!

20. 2022-11-17
    status Pending 301-char remark

    Show marketing remark (301 chars)

    End unit townhouse with LVP flooring throughout the main level. New windows and a sliding glass door with a transferable warranty. Master bedroom has a spacious master closet. The backyard has a privacy fence. This townhouse is conveniently located to Toyota Field, shopping, and many new restaurants!

21. 2022-10-27
    listed $210,000 Active 301-char remark

    Show marketing remark (301 chars)

    End unit townhouse with LVP flooring throughout the main level. New windows and a sliding glass door with a transferable warranty. Master bedroom has a spacious master closet. The backyard has a privacy fence. This townhouse is conveniently located to Toyota Field, shopping, and many new restaurants!

22. 2022-04-07
    soldstatus $205,000 Sold
23. 2022-02-26
    status Pending
24. 2022-02-24
    listed $194,999 Active
25. 2016-12-14
    soldstatus $78,087
26. 2016-12-13
    soldstatus $78,000
27. 2016-09-12
    listed $75,900
28. 2011-05-24
    soldstatus $102,600

ⓘ 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: $2,536 · $211/mo
• Projected year-2 tax: $2,536 · $211/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,299
• − Mortgage interest: −$9,517
• − Property taxes: −$2,536
• − Insurance: −$850
• − Repairs & maintenance: −$1,544
• − Management: −$1,544
• − Depreciation: −$4,943
• Taxable loss: −$1,634
• Est. tax savings @ 24.0%: +$392
• After-tax cash flow: $1,561/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 City
• NCES district ID: 0100008
• Math proficiency: 51% ▼ -25.00%
• Reading proficiency: 71% ▼ -2.00%
• Median HH income: $89,091
• Composite: 55.56/100
• National rank: #1238
• State rank: #4 of 129 in AL

Livability — Madison

• Score: 76/100
• State rank: #12
• US rank: #3280

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, AL
• County: Madison County · 380,832 people
• City population: 93,742
• Metro: Huntsville, AL
• Population (ZIP): 50,266
• Household income: $117,380
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 875.0

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 (68%)
• Race & ethnicity: White 68% Black 14% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 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: ▲ 14.46%
• Current HPI: 355.2784
• Rent YoY: ▲ 1.58%
• 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

+85.1% since first listed

13 events — show timeline

• 2026-05-06 Price Changed $189,900 VMLS
• 2026-03-31 Listed $199,900 VMLS
• 2022-12-15 Sold (Public Records) $205,000 Public Records
• 2022-12-13 Sold (MLS) $205,000 VMLS
• 2022-11-17 Pending — VMLS
• 2022-10-27 Listed $210,000 VMLS
• 2022-04-07 Sold (MLS) $205,000 VMLS
• 2022-02-26 Pending — VMLS
• 2022-02-24 Listed $194,999 VMLS
• 2016-12-14 Sold (Public Records) $78,087 Public Records
• 2016-12-13 Sold (MLS) $78,000 VMLS
• 2016-09-12 Listed $75,900 VMLS
• 2011-05-24 Sold (Public Records) $102,600 Public Records

Property tax history

+20.1%/yr

Latest (2024): $2,536 · +0.0% YoY. Source: county tax records.