648 Scott Rd · Hazel Green, AL 35750

$248,000

3 bd · 2.0 ba · 1,416 sqft · SingleFamily public records · 23 Days on market

Built 1964 0.50 ac lot $175/sqft · at area comps Est $265k · 6% under

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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).

• ARV discount +10.4/15.0
• Appreciation +10.0/10.0
• Cash flow +6.0/30.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.3/10.0
• DSCR +0.3/10.0

Listing remarks

This fully remodeled 1,455 square foot home offers modern comfort, stylish finishes, and peace of mind with brand-new upgrades throughout. Step inside to an open, inviting layout featuring brand-new LVP flooring, fresh paint, and updated fixtures. The home showcases a completely renovated kitchen with new cabinetry, sleek granite countertops, and modern appliances—perfect for cooking, entertaining, and everyday living. Major system updates include a brand-new roof and a new hot water heater, providing long-term reliability for the next owners. Sitting on a generous half-acre lot, the property offers plenty of space for outdoor living, gardening.

Key facts

• Modern appliances
• Renovated kitchen
• New cabinetry

Tags

• REMODELED HOME
• RENOVATED KITCHEN
• NEW CABINETRY
• GRANITE COUNTERTOPS
• MODERN APPLIANCES
• NEW ROOF

Property features AI

Finance

• Other: Located in Metes And Bounds subdivision
• HOA & community: No association

Exterior

• Parking: Detached carport; Gravel driveway
• Utilities: Septic tank
• Home design: Single-family residence; One story; Built in 1964
• Construction: Masonite exterior
• Exterior features: Half-acre lot; Public water

Interior

• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement; 10 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $248k.

Deal economics

• At list price, monthly cash flow is $-478 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $179k (27.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (36.9% below list).
• Recommended offer: $156k (36.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#54 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment 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.
• Zoned schools: Madison Cross Roads Elementary School (math 14% / reading 48%, grade F, #360 of 627 statewide, top 58%, 1,035 students, 59% FRL); Sparkman Middle School (math 18% / reading 53%, grade F, #81 of 257 statewide, top 33%, 859 students, 60% FRL); Sparkman High School (math 28% / reading 37%, grade F, #58 of 305 statewide, top 19%, 1,738 students, 37% FRL) — zoned schools average 52% FRL vs 29% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 260 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $27k of equity ($2k loan paydown + $25k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$43k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($244k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $100k; list at $248k implies a 148% gain — meaningful room to come down on a strong offer.

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 $156,395 (36.9% 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. Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.63% ✗
• Cap rate: 3.98%
• Cash-on-cash: -8.27%
• DSCR: 0.63
• GRM: 13.2

CMA / ARV

• ARV (median comp): $265,074
• List price: $248,000
• Delta: -5.69%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1517 Ready Section Rd	0.33mi	3/2.0	1,450 (+2%)	9mo	$204,500	$141	73
1797 Ready Section Rd	0.51mi	3/2.0	1,534 (+8%)	3mo	$250,000	$163	60
114 Rolan Gooch Rd	0.22mi	3/1.0	1,248 (-12%)	12mo	$175,000	$140	56
195 Holly Lynn Ln	0.71mi	3/2.0	1,324 (-6%)	11mo	$230,000	$174	47

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 18.5%
• Equity multiple: 2.51×
• Total profit: $104,624
• Equity at exit: $223,418

10-year hold

• IRR: 17.2%
• Equity multiple: 5.78×
• Total profit: $332,107
• Equity at exit: $481,809

Cash invested: $69,440 (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 35750

• Home prices YoY: 8.2%
• Active inventory: 260
• Price-to-rent: 13.2×

Monthly cashflow live

• Estimated rent: $1,564 medium
• Mortgage (P&I): −$1,301
• Tax est. 1.5%: −$310 /mo · $3,720/yr
• Insurance: −$103
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $-478

Break-even live

Break-even rent $2,169

Max offer price $178,782

Occupancy floor —

Sensitivity live

Price	-10% $-307	-5% $-393	+0% $-478	+5% $-564	+10% $-650
Rent	-10% $-602	-5% $-540	+0% $-478	+5% $-417	+10% $-355
Rate	-1.0pp $-353	-0.5pp $-415	base $-478	+0.5pp $-543	+1.0pp $-608

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: $62,000
• Closing costs: $7,440
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Jude Ln Hazel Green, AL	3.0	2.0	1720	$1,823	$1.06	25d	1	0.38mi
1358 Carter Grove Rd Unit 1358 A Hazel Green, AL	3.0	2.0	1233	$700	$0.57	25d	1	1.19mi
1455 Carter Grove Rd Unit A Hazel Green, AL	2.0	2.0	1075	$1,350	$1.26	15d	1	1.31mi

Listing history 19 events

1. 2026-06-22
   days on market $248,000 Active 23 DOM
2. 2026-06-18
   days on market $248,000 Active 20 DOM
3. 2026-06-17
   days on market $248,000 Active 19 DOM
4. 2026-06-16
   days on market $248,000 Active 18 DOM
5. 2026-06-15
   days on market $248,000 Active 17 DOM
6. 2026-06-14
   days on market $248,000 Active 15 DOM
7. 2026-06-10
   pricedays on market $248,000 Active 12 DOM
8. 2026-06-09
   days on market $250,000 Active 11 DOM
9. 2026-06-08
   days on market $250,000 Active 10 DOM
10. 2026-06-07
    days on market $250,000 Active 9 DOM
11. 2026-06-03
    days on market $250,000 Active 5 DOM
12. 2026-06-02
    days on market $250,000 Active 4 DOM
13. 2026-06-01
    days on market $250,000 Active 3 DOM
14. 2026-05-31
    days on market $250,000 Active 2 DOM
15. 2026-05-30
    days on marketlisting id $250,000 Active 1 DOM
16. 2026-04-13
    price $250,000 659-char remark
17. 2026-03-27
    price $255,000 659-char remark
18. 2026-03-05
    listed $260,000 Active 659-char remark
19. 2025-11-03
    soldstatus $100,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% 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: $18,767
• − Mortgage interest: −$13,892
• − Property taxes: −$3,720
• − Insurance: −$1,240
• − Repairs & maintenance: −$1,501
• − Management: −$1,501
• − Depreciation: −$7,215
• Taxable loss: −$10,302
• Est. tax savings @ 24.0%: +$2,472
• After-tax cash flow: $-3,268/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 — Hazel Green

• Score: 69/100
• State rank: #54
• US rank: #8575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Madison County · 380,832 people
• City population: 13,413
• Metro: Huntsville, AL
• Population (ZIP): 13,413
• Household income: $68,389
• Rent vs Own: 14.7% rent · 85.3% own
• Severe rent burden: 162.0

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 (71%)
• Race & ethnicity: White 71% Black 19% Asian 5% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Serbian 1% Romanian 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Chinese 1% Korean 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: ▲ 33.59%
• Current HPI: 444.7418
• Rent YoY: —
• 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

+148.0% since first listed

6 events — show timeline

• 2026-06-09 Price Changed $248,000 VMLS
• 2026-05-29 Listed $250,000 VMLS
• 2026-04-13 Price Changed $250,000 VMLS
• 2026-03-27 Price Changed $255,000 VMLS
• 2026-03-05 Listed $260,000 VMLS
• 2025-11-03 Sold (Public Records) $100,000 Public Records