241 Iron Cir · Meridianville, AL 35759

$354,999

4 bd · 1.5 ba · 2,895 sqft · SingleFamily public records · 84 Days on market

Built 2018 9,583 sqft lot $123/sqft · 9% below area Est $399k · 11% under $25/mo HOA · 1% of rent

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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 +12.5/15.0
• Cash flow +10.3/30.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• DSCR +3.0/10.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked on a cul-de-sac lot, this move-in ready full-brick home stands out with charming white brick, thoughtful landscaping, and eye-catching curb appeal. Conveniently located with easy access to Huntsville, shopping, dining, and everyday essentials, along with community amenities including a pool, playground, and green spaces. Inside, the home offers a well-designed floor plan with an open-concept living area that flows into the kitchen and dining space, creating an easy, functional layout for everyday living. Natural light fills the main areas, giving the home a bright and inviting feel. The home includes multiple bedrooms with a private primary suite and a few bonus spaces!

Key facts

• 9,583 sq ft lot
• 2 garage spots
• Built 2018

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $355k.

Deal economics

• At list price, monthly cash flow is $-195 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $321k (9.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $244k (31.2% below list).
• Recommended offer: $244k (31.2% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 3.5% in Meridianville — 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 (#118 in AL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety 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.
• Market conditions: Rents flat; 492 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 84 days — a 6% lower offer ($334k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $214k; list at $355k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $244,401 (31.2% 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. It's been on market 84 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.69% ✗
• Cap rate: 5.63%
• Cash-on-cash: -2.35%
• DSCR: 0.90
• GRM: 12.1

CMA / ARV

• ARV (median comp): $399,163
• List price: $354,999
• Delta: -11.06%
• 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
211 Portrait St	0.31mi	4/2.5	2,926 (+1%)	0mo	$325,000	$111	80
221 Portrait St	0.33mi	4/3.0	2,915 (+1%)	1mo	$360,000	$123	77
130 Balboa Rd	0.29mi	4/3.0	2,788 (-4%)	2mo	$400,000	$143	72
208 Marvel St	0.31mi	4/3.0	2,788 (-4%)	5mo	$403,900	$145	70
220 Holt St	0.13mi	5/2.5 (+1)	3,022 (+4%)	11mo	$369,900	$122	69
212 Marvel St	0.30mi	3/2.5 (-1)	2,926 (+1%)	11mo	$379,650	$130	66
213 Iron Cir	0.17mi	3/2.5 (-1)	3,125 (+8%)	10mo	$316,000	$101	62
133 Balboa Rd	0.28mi	4/2.5	3,156 (+9%)	8mo	$439,115	$139	61
276 Holt St	0.20mi	4/3.0	2,574 (-11%)	7mo	$303,000	$118	60
219 Holt St	0.15mi	5/4.5 (+1)	3,154 (+9%)	3mo	$380,000	$120	59
201 Rowan St	0.25mi	5/4.0 (+1)	3,198 (+10%)	1mo	$405,000	$127	55
245 Portrait St	0.42mi	4/3.0	2,574 (-11%)	11mo	$325,000	$126	47

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 · 0.55% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.24×
• Total profit: $-75,973
• Equity at exit: $52,932

10-year hold

• IRR: -23.5%
• Equity multiple: -0.06×
• Total profit: $-105,770
• Equity at exit: $30,694

Cash invested: $99,400 (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 35759

• Home prices YoY: -6.1%
• Rents YoY: 0.6%
• Active inventory: 492
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $2,444 high
• Mortgage (P&I): −$1,862
• Tax from tax record: −$91 /mo · $1,091/yr
• Insurance: −$148
• HOA: −$25
• Vacancy / Maint / Mgmt: −$513
• Net cashflow: $-195

Break-even live

Break-even rent $2,690

Max offer price $320,600

Occupancy floor —

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: $88,750
• Closing costs: $10,650
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 Speck Cir Meridianville, AL	4.0	3.5	3156	$2,400	$0.76	23d	1	0.26mi
117 Vancouver Rd Meridianville, AL	5.0	3.5	4060	$2,795	$0.69	13d	1	1.09mi
124 Shangrila Way Meridianville, AL	4.0	3.5	2693	$2,595	$0.96	23d	1	1.13mi
131 Ranier St Meridianville, AL	3.0	2.5	2307	$1,611	$0.70	13d	1	1.26mi
302 Allene Way Meridianville, AL	4.0	3.0	1938	$2,400	$1.24	43d	1	1.31mi
319 Allene Way Meridianville, AL	4.0	2.0	2106	$2,150	$1.02	43d	1	1.41mi
280 Shangrila Way Meridianville, AL	4.0	2.0	2106	$1,899	$0.90	23d	1	1.49mi

HOA detail

• Monthly dues: $25 · $300/yr
• Likely covers: landscapingpool

Listing history 19 events

1. 2026-06-18
   days on market $354,999 Active 84 DOM
2. 2026-06-18
   price $354,999 Active 83 DOM
3. 2026-06-17
   days on market $355,000 Active 83 DOM
4. 2026-06-16
   days on market $355,000 Active 82 DOM
5. 2026-06-15
   days on market $355,000 Active 81 DOM
6. 2026-06-14
   days on market $355,000 Active 79 DOM
7. 2026-06-10
   days on market $355,000 Active 76 DOM
8. 2026-06-09
   days on market $355,000 Active 75 DOM
9. 2026-06-08
   days on market $355,000 Active 74 DOM
10. 2026-06-07
    days on market $355,000 Active 73 DOM
11. 2026-06-02
    days on market $355,000 Active 68 DOM
12. 2026-06-01
    days on market $355,000 Active 67 DOM
13. 2026-05-31
    days on market $355,000 Active 66 DOM
14. 2026-05-30
    days on market $355,000 Active 65 DOM
15. 2026-04-27
    price $365,000 685-char remark

    Show marketing remark (685 chars)

    Tucked on a cul-de-sac lot, this move-in ready full-brick home stands out with charming white brick, thoughtful landscaping, and eye-catching curb appeal. Conveniently located with easy access to Huntsville, shopping, dining, and everyday essentials, along with community amenities including a pool, playground, and green spaces. Inside, the home offers a well-designed floor plan with an open-concept living area that flows into the kitchen and dining space, creating an easy, functional layout for everyday living. Natural light fills the main areas, giving the home a bright and inviting feel. The home includes multiple bedrooms with a private primary suite and a few bonus spaces!

16. 2026-03-26
    price $375,000 685-char remark

    Show marketing remark (685 chars)

    Tucked on a cul-de-sac lot, this move-in ready full-brick home stands out with charming white brick, thoughtful landscaping, and eye-catching curb appeal. Conveniently located with easy access to Huntsville, shopping, dining, and everyday essentials, along with community amenities including a pool, playground, and green spaces. Inside, the home offers a well-designed floor plan with an open-concept living area that flows into the kitchen and dining space, creating an easy, functional layout for everyday living. Natural light fills the main areas, giving the home a bright and inviting feel. The home includes multiple bedrooms with a private primary suite and a few bonus spaces!

17. 2026-03-26
    listed $365,000 Active 685-char remark

    Show marketing remark (685 chars)

    Tucked on a cul-de-sac lot, this move-in ready full-brick home stands out with charming white brick, thoughtful landscaping, and eye-catching curb appeal. Conveniently located with easy access to Huntsville, shopping, dining, and everyday essentials, along with community amenities including a pool, playground, and green spaces. Inside, the home offers a well-designed floor plan with an open-concept living area that flows into the kitchen and dining space, creating an easy, functional layout for everyday living. Natural light fills the main areas, giving the home a bright and inviting feel. The home includes multiple bedrooms with a private primary suite and a few bonus spaces!

18. 2018-02-23
    soldstatus $213,555 544-char remark

    Show marketing remark (544 chars)

    The absolute MOST HOME FOR THE MONEY and without a doubt the best location if you are considering a BRAND NEW HOME in Meridianville. Builder Paid closing costs and 100% financing are just two of the numerous reasons that make this the best new home opportunity in the area. Neighboring your local PUBLIX supermarket and Colonial Golf Course are sure to add an unspeakable value to your lifestyle. Only 15 minutes from Huntsville and located in the highly sought after Hazel Green High School District, Colonial Pointe is sure to not disappoint.

19. 2018-02-19
    listed $213,555 544-char remark

    Show marketing remark (544 chars)

    The absolute MOST HOME FOR THE MONEY and without a doubt the best location if you are considering a BRAND NEW HOME in Meridianville. Builder Paid closing costs and 100% financing are just two of the numerous reasons that make this the best new home opportunity in the area. Neighboring your local PUBLIX supermarket and Colonial Golf Course are sure to add an unspeakable value to your lifestyle. Only 15 minutes from Huntsville and located in the highly sought after Hazel Green High School District, Colonial Pointe is sure to not disappoint.

ⓘ 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: $1,091 · $91/mo
• Projected year-2 tax: $1,455 · $121/mo
• Expected delta: +$364/yr (+$30/mo · 33.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,328
• − Mortgage interest: −$19,885
• − Property taxes: −$1,091
• − Insurance: −$1,775
• − Repairs & maintenance: −$2,346
• − Management: −$2,346
• − HOA: −$300
• − Depreciation: −$10,327
• Taxable loss: −$8,743
• Est. tax savings @ 24.0%: +$2,098
• After-tax cash flow: $-238/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 — Meridianville

• Score: 65/100
• State rank: #118
• US rank: #12516

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Meridianville, AL
• County: Madison County · 380,832 people
• City population: 14,103
• Metro: Huntsville, AL
• Population (ZIP): 14,103
• Household income: $102,880
• Rent vs Own: 9.3% rent · 90.7% own
• Severe rent burden: 148.0

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: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 61% Black 23% Two or more races 8% Hispanic / Latino 4% Native American 3% Asian 2%
• Common ancestry: Italian 2% Lithuanian 2% Portuguese 2%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 3% Tagalog/Filipino 1% German/W. Germanic 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: ▼ -18.37%
• Current HPI: 282.7104
• Rent YoY: ▲ 0.55%
• 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

+70.9% since first listed

5 events — show timeline

• 2026-04-27 Price Changed $365,000 VMLS
• 2026-03-26 Price Changed $375,000 VMLS
• 2026-03-26 Listed $365,000 VMLS
• 2018-02-23 Sold (MLS) $213,555 VMLS
• 2018-02-19 Listed $213,555 VMLS

Property tax history

+7.6%/yr

Latest (2024): $1,091 · +7.5% YoY. Source: county tax records.