1440 Wedgewood Dr · Montgomery, AL 36111

$114,900

3 bd · 2.0 ba · 1,694 sqft · SingleFamily public records · 104 Days on market

Built 1957 0.38 ac lot $68/sqft · 11% below area Est $129k · 11% under

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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 +26.1/30.0
• ARV discount +12.3/15.0
• DSCR +8.8/10.0
• 1% rule +6.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1440 Wedgewood Dr, Montgomery, AL 36111. This one-story home offers 3 bedrooms and 2 full bathrooms with a practical and functional layout. The home features an added family room that provides additional living space for relaxing, entertaining, or flexible use. The kitchen is equipped with a refrigerator, dishwasher, and electric range, offering convenient space for everyday meal preparation. The single-level design allows for easy access throughout the home. This property provides a great opportunity to enjoy comfortable living space in Montgomery. Schedule a showing to explore all this home has to offer.

Key facts

• Added family room
• Single-level design
• 0.38 acre lot

Tags

• ADDED FAMILY ROOM
• SINGLE-LEVEL DESIGN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $290 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $105k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.3% 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: schools C-, employment D, crime F.
• 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.
• Market conditions: 110 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $794 of loan paydown is wiped out by about $3k 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 104 days — a 9% lower offer ($105k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 24y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $72k; list at $115k implies a 60% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1957 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,559 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 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 1957 — 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. 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: 1.12% ✓
• Cap rate: 9.32%
• Cash-on-cash: 10.82%
• DSCR: 1.48
• GRM: 7.4

CMA / ARV

• ARV (median comp): $128,590
• List price: $114,900
• Delta: -10.65%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1448 Beaumont Dr	0.09mi	4/2.0 (+1)	1,700 (+0%)	3mo	$139,900	$82	88
1394 Avalon Ln	0.34mi	3/2.0	1,694 (0%)	4mo	$116,000	$68	81
3622 Audubon Rd	0.39mi	3/2.0	1,659 (-2%)	1mo	$86,000	$52	78
3637 Cloverdale Rd	0.43mi	3/2.0	1,655 (-2%)	3mo	$90,000	$54	74
3653 Cloverdale Rd	0.45mi	3/2.0	1,768 (+4%)	3mo	$100,000	$57	69
3747 Maclamar Rd	0.22mi	3/2.0	1,480 (-13%)	3mo	$109,000	$74	66
1180 Freemont Dr	0.41mi	3/2.0	1,805 (+7%)	7mo	$130,000	$72	64
2103 Mona Lisa Dr	0.49mi	3/1.5	1,836 (+8%)	4mo	$123,000	$67	58
3710 Berkley Dr	0.57mi	3/2.0	1,543 (-9%)	2mo	$38,500	$25	57
1301 Beaumont Dr	0.35mi	3/2.0	1,458 (-14%)	6mo	$117,000	$80	55
1063 Druid Hills Dr	0.54mi	3/3.0	1,550 (-8%)	4mo	$61,000	$39	53
3460 Cloverdale Rd	0.65mi	4/2.0 (+1)	1,562 (-8%)	3mo	$166,900	$107	49

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: -0.1%
• Equity multiple: 0.99×
• Total profit: $-162
• Equity at exit: $17,132

10-year hold

• IRR: 9.5%
• Equity multiple: 1.73×
• Total profit: $23,570
• Equity at exit: $9,934

Cash invested: $32,172 (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: 110
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,292 high
• Mortgage (P&I): −$603
• Tax from tax record: −$80 /mo · $960/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$271
• Net cashflow: $290

Break-even live

Break-even rent $925

Max offer price $114,900

Occupancy floor 73%

Sensitivity live

Price	-10% $355	-5% $323	+0% $290	+5% $258	+10% $225
Rent	-10% $188	-5% $239	+0% $290	+5% $341	+10% $392
Rate	-1.0pp $348	-0.5pp $319	base $290	+0.5pp $260	+1.0pp $230

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: $28,725
• Closing costs: $3,447
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1437 Beaumont Dr Montgomery, AL	4.0	2.0	2029	$1,500	$0.74	44d	1	0.05mi
3770 Maclamar Rd Montgomery, AL	3.0	1.0	1129	$950	$0.84	21d	1	0.15mi
1067 Roslyn Dr Montgomery, AL	4.0	2.0	1760	$1,125	$0.64	21d	1	0.38mi
3510 Bankhead Ave Montgomery, AL	3.0	3.0	2210	$2,250	$1.02	44d	1	0.42mi
3649 Princeton Rd Montgomery, AL	3.0	1.0	1266	$1,200	$0.95	21d	1	0.57mi
1434 E Audubon Rd Montgomery, AL	4.0	2.0	2237	$1,475	$0.66	44d	1	0.59mi
1114 Druid Hills Dr Montgomery, AL	3.0	1.0	1192	$1,250	$1.05	21d	1	0.59mi
3708 Princeton Rd Montgomery, AL	2.0	2.0	1749	$900	$0.51	21d	1	0.61mi
3735 Bridlewood Dr Montgomery, AL	3.0	1.0	1386	$895	$0.65	44d	1	0.62mi
3445 Le Bron Rd Montgomery, AL	4.0	1.0	1100	$1,050	$0.95	21d	1	0.68mi
3720 Stanley Dr Montgomery, AL	4.0	2.0	1719	$1,650	$0.96	21d	1	0.69mi
3543 Berkley Dr Montgomery, AL	4.0	2.0	2067	$1,575	$0.76	14d	1	0.70mi
3701 Wesley Dr Unit 3737 Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	44d	1	0.71mi
3737 Wesley Dr Montgomery, AL	3.0	2.0	1050	$1,280	$1.22	44d	1	0.71mi
3356 Audubon Rd Montgomery, AL	2.0	1.5	1340	$950	$0.71	44d	1	0.73mi
3369 Montezuma Rd Montgomery, AL	3.0	1.0	1281	$1,150	$0.90	44d	1	0.85mi
3515 Norman Bridge Rd Unit A Montgomery, AL	2.0	1.0	1150	$1,150	$1.00	44d	1	0.91mi
1355 Buckingham Dr Montgomery, AL	4.0	2.0	1620	$1,650	$1.02	14d	1	0.96mi
548 Winston Dr Montgomery, AL	2.0	2.5	1396	$1,000	$0.72	44d	1	0.99mi
3608 Wilmington Rd Montgomery, AL	3.0	1.0	1160	$950	$0.82	44d	1	0.99mi
3357 Lexington Rd Montgomery, AL	2.0	1.0	1200	$1,175	$0.98	14d	1	1.01mi
3256 Montezuma Rd Montgomery, AL	3.0	2.0	1515	$1,450	$0.96	44d	1	1.01mi
3386 Lexington Rd Unit B Montgomery, AL	2.0	1.0	1950	$900	$0.46	21d	1	1.02mi
1450 Crenshaw Pl S Montgomery, AL	3.0	2.0	1641	$1,775	$1.08	44d	1	1.10mi
2230 Woodley Sq W Montgomery, AL	1.0–2.0	1.0–2.0	902	$898	$1.00	14d	11	1.10mi
3235 Norman Bridge Rd Montgomery, AL	3.0	1.0	1873	$900	$0.48	44d	1	1.17mi
906 E Fairview Ave Unit 902 Montgomery, AL	2.0	1.0	1100	$995	$0.90	21d	1	1.17mi
2727 Boultier St Montgomery, AL	1.0–3.0	1.0–2.0	1070	$1,582	$1.48	14d	3	1.17mi
4342 Sunshine Dr Montgomery, AL	3.0	2.0	1323	$1,250	$0.94	14d	1	1.19mi
1425 Blairwood Montgomery, AL	3.0	2.0	1700	$1,850	$1.09	14d	1	1.20mi
3544 Southmont Dr Montgomery, AL	4.0	1.5	1774	$1,300	$0.73	21d	1	1.25mi
3338 S Hull St Montgomery, AL	2.0	2.0	1311	$1,150	$0.88	21d	1	1.26mi
2440 Price St Unit C Montgomery, AL	3.0	2.0	1800	$1,050	$0.58	44d	1	1.28mi
1219 Biscayne Dr Montgomery, AL	4.0	1.5	1228	$1,295	$1.05	21d	1	1.28mi
2430 Price St Montgomery, AL	2.0	1.5	1275	$1,175	$0.92	14d	1	1.28mi
2656 Fisk Rd Montgomery, AL	4.0	2.0	1584	$1,400	$0.88	44d	1	1.30mi
2441 Price St Unit D Montgomery, AL	3.0	2.0	1264	$900	$0.71	21d	1	1.32mi
3304 Gilmer Ave Montgomery, AL	4.0	2.0	2009	$1,400	$0.70	21d	1	1.36mi
2226 Carter Hill Rd Montgomery, AL	2.0	1.0	1506	$905	$0.60	44d	1	1.39mi
1842 Gillespie Dr Montgomery, AL	4.0	2.0	1620	$1,650	$1.02	44d	1	1.42mi

Listing history 30 events

1. 2026-06-18
   days on market $114,900 Active 104 DOM
2. 2026-06-17
   days on market $114,900 Active 103 DOM
3. 2026-06-16
   days on market $114,900 Active 102 DOM
4. 2026-06-15
   days on market $114,900 Active 101 DOM
5. 2026-06-14
   days on market $114,900 Active 99 DOM
6. 2026-06-13
   days on market $114,900 Active 98 DOM
7. 2026-06-10
   days on market $114,900 Active 96 DOM
8. 2026-06-09
   days on market $114,900 Active 95 DOM
9. 2026-06-08
   days on market $114,900 Active 94 DOM
10. 2026-06-07
    days on market $114,900 Active 93 DOM
11. 2026-06-03
    days on market $114,900 Active 89 DOM
12. 2026-06-02
    days on market $114,900 Active 88 DOM
13. 2026-06-01
    days on market $114,900 Active 87 DOM
14. 2026-05-31
    days on market $114,900 Active 86 DOM
15. 2026-05-30
    days on market $114,900 Active 85 DOM
16. 2026-04-11
    price $119,900 624-char remark

    Show marketing remark (624 chars)

    Welcome to 1440 Wedgewood Dr, Montgomery, AL 36111. This one-story home offers 3 bedrooms and 2 full bathrooms with a practical and functional layout. The home features an added family room that provides additional living space for relaxing, entertaining, or flexible use. The kitchen is equipped with a refrigerator, dishwasher, and electric range, offering convenient space for everyday meal preparation. The single-level design allows for easy access throughout the home. This property provides a great opportunity to enjoy comfortable living space in Montgomery. Schedule a showing to explore all this home has to offer.

17. 2026-03-06
    listed $124,900 Active 624-char remark

    Show marketing remark (624 chars)

    Welcome to 1440 Wedgewood Dr, Montgomery, AL 36111. This one-story home offers 3 bedrooms and 2 full bathrooms with a practical and functional layout. The home features an added family room that provides additional living space for relaxing, entertaining, or flexible use. The kitchen is equipped with a refrigerator, dishwasher, and electric range, offering convenient space for everyday meal preparation. The single-level design allows for easy access throughout the home. This property provides a great opportunity to enjoy comfortable living space in Montgomery. Schedule a showing to explore all this home has to offer.

18. 2021-07-13
    soldstatus $72,000
19. 2021-07-09
    soldstatus $72,000 557-char remark

    Show marketing remark (557 chars)

    Brick, 3BR/2BA close to Huntingdon College and Old Cloverdale's restaurants & bars (second house from Southview Avenue / Wedgewood Drive intersection). .. .. Approximately 1694 SQUARE FEET. .. .NEW PAINT. .. .. NEW TILE FLOOR IN KITCHEN. .. .. NEW WATER HEATER. .. .. NEW A/C UNIT. .. .. LIVING / DINING COMBO and DEN with FIREPLACE. .. .. STUDY AREA. .. .. Separate LAUNDRY ROOM. .. .. Central heat & air. .. .. CARPORT. .. .. Note: Hardwood flooring throughout home to be swept & mopped. .. .. Verify school zones with Board of Education

20. 2021-03-26
    listed $75,000 557-char remark

    Show marketing remark (557 chars)

    Brick, 3BR/2BA close to Huntingdon College and Old Cloverdale's restaurants & bars (second house from Southview Avenue / Wedgewood Drive intersection). .. .. Approximately 1694 SQUARE FEET. .. .NEW PAINT. .. .. NEW TILE FLOOR IN KITCHEN. .. .. NEW WATER HEATER. .. .. NEW A/C UNIT. .. .. LIVING / DINING COMBO and DEN with FIREPLACE. .. .. STUDY AREA. .. .. Separate LAUNDRY ROOM. .. .. Central heat & air. .. .. CARPORT. .. .. Note: Hardwood flooring throughout home to be swept & mopped. .. .. Verify school zones with Board of Education

21. 2016-12-07
    soldstatus $97,000
22. 2016-09-19
    listed $97,000
23. 2013-10-22
    listed $94,500
24. 2008-01-15
    soldstatus $97,000
25. 2007-11-27
    listed $90,000
26. 2007-08-24
    listed $119,000
27. 2005-09-23
    soldstatus $100,000
28. 2005-06-15
    listed $95,000
29. 2002-07-15
    soldstatus $87,600
30. 2002-06-05
    listed $87,000

ⓘ 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: $960 · $80/mo
• Projected year-2 tax: $960 · $80/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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 19 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: $15,502
• − Mortgage interest: −$6,436
• − Property taxes: −$960
• − Insurance: −$574
• − Repairs & maintenance: −$1,240
• − Management: −$1,240
• − Depreciation: −$3,343
• Taxable income: $1,708
• Est. tax owed @ 24.0%: −$410
• After-tax cash flow: $3,071/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

+37.8% since first listed

15 events — show timeline

• 2026-04-11 Price Changed $119,900 Greater Alabama MLS
• 2026-03-06 Listed $124,900 Greater Alabama MLS
• 2021-07-13 Sold (Public Records) $72,000 Public Records
• 2021-07-09 Sold (MLS) $72,000 MAAR
• 2021-03-26 Listed $75,000 MAAR
• 2016-12-07 Sold (MLS) $97,000 MAAR
• 2016-09-19 Listed $97,000 MAAR
• 2013-10-22 Listed $94,500 MAAR
• 2008-01-15 Sold (MLS) $97,000 MAAR
• 2007-11-27 Listed $90,000 MAAR
• 2007-08-24 Listed $119,000 MAAR
• 2005-09-23 Sold (MLS) $100,000 MAAR
• 2005-06-15 Listed $95,000 MAAR
• 2002-07-15 Sold (MLS) $87,600 MAAR
• 2002-06-05 Listed $87,000 MAAR

Property tax history

+12.2%/yr

Latest (2025): $960 · -1.5% YoY. Source: county tax records.