244 Cherry Laurel Dr · Hazel Green, AL 35750

$254,999

3 bd · 1.0 ba · 1,482 sqft · SingleFamily public records · 4 Days on market

Built 2021 $172/sqft · 13% below area Est $295k · 14% under $15/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 +13.6/15.0
• Appreciation +10.0/10.0
• Cash flow +9.1/30.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.6/10.0

Listing remarks MLS

Welcome to your dream home! This beautifully maintained 3-bedroom, 2-bathroom residence offers the perfect blend of modern updates and cozy comfort. Situated on a quiet street, this home boasts excellent curb appeal and is completely move-in ready. The family room is open to the beautiful kitchen featuring granite countertops, a large island, backsplash, GE appliances (refrigerator included), and a walk-in pantry. The master suite is isolated with a gorgeous bathroom and walk-in closet. All common areas have LVP flooring with carpet in the bedrooms. Plenty of room for grilling with your favorite TV mounted under the covered patio. Don’t miss out on this incredible opportunity! Schedule your private tour today before this gem is gone.

Key facts

• Spacious backyard
• Easy highway access
• Top-rated schools

Tags

• TOP-RATED SCHOOLS
• LOCAL PARKS
• MAJOR SHOPPING CENTERS
• EASY HIGHWAY ACCESS
• PATIO SPACE
• SPACIOUS BACKYARD

Property features AI

Finance

• Other: Property listed as residential single-family; Lot size units reported in acres
• Financial info: Financial details not specified
• HOA & community: HOA with an annual fee of $175

Exterior

• Parking: Attached two-car garage that faces the front
• Security: Security details not specified
• Utilities: Public water; Public sewer; Electric service details not specified
• Home design: Single-family residence; Built in 2021; One story
• Construction: Brick construction; Slab foundation
• Exterior features: Public water; Public sewer; Concrete driveway; Located in the Clearview subdivision

Interior

• Kitchen: Appliances not specified
• Bedrooms: Bedrooms not specified
• Flooring: Flooring details not specified
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central cooling
• Interior features: One-level living; No fireplace
• Laundry & utility: Laundry details not specified

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $-196 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (13.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $169k (33.9% below list).
• Recommended offer: $169k (33.9% below list) — sets the bar for 1% rule.
• Cap rate 5.4% vs local median 3.9% in Hazel Green — 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 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: Hazel Green Elementary School (math 23% / reading 58%, grade F, #238 of 627 statewide, top 38%, 738 students, 50% FRL); Meridianville Middle School (math 19% / reading 62%, grade F, #56 of 257 statewide, top 22%, 724 students, 45% FRL); Hazel Green High School (math 23% / reading 31%, grade F, #90 of 305 statewide, top 35%, 1,348 students, 42% FRL) — zoned schools average 46% FRL vs 29% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 256 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 + $26k 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 ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 5y 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.

Recommended offer $168,504 (33.9% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.66% ✗
• Cap rate: 5.37%
• Cash-on-cash: -3.30%
• DSCR: 0.85
• GRM: 12.6

CMA / ARV

• ARV (median comp): $295,034
• List price: $254,999
• Delta: -10.21%
• 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
104 Karenlee Cir	0.13mi	3/2.0	1,474 (-0%)	2mo	$251,900	$171	87
298 Keller Dr	0.26mi	3/2.0	1,484 (+0%)	2mo	$269,644	$182	82
233 Tobin Ln	0.24mi	3/2.0	1,537 (+4%)	0mo	$240,000	$156	78
169 Keller Dr	0.24mi	3/2.0	1,537 (+4%)	1mo	$261,900	$170	78
189 Tobin Ln	0.07mi	3/2.0	1,685 (+14%)	1mo	$250,000	$148	69
309 Keller Dr	0.32mi	3/2.0	1,620 (+9%)	2mo	$284,900	$176	64
152 Cherry Laurel Dr	0.36mi	3/2.0	1,620 (+9%)	0mo	$259,000	$160	63
163 Whitner Dr	0.15mi	4/2.0 (+1)	1,667 (+12%)	1mo	$249,280	$150	62
171 Keller Dr	0.24mi	3/2.0	1,683 (+14%)	3mo	$279,000	$166	60
172 Keller Dr	0.26mi	3/2.0	1,683 (+14%)	3mo	$269,900	$160	59
147 Butch Cir	0.40mi	3/2.0	1,269 (-14%)	1mo	$254,900	$201	53
584 Charity Ln	0.61mi	3/2.0	1,615 (+9%)	0mo	$230,000	$142	52

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: 21.9%
• Equity multiple: 2.77×
• Total profit: $126,271
• Equity at exit: $229,723

10-year hold

• IRR: 19.7%
• Equity multiple: 6.34×
• Total profit: $381,433
• Equity at exit: $495,407

Cash invested: $71,400 (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 35750

• Home prices YoY: 8.2%
• Active inventory: 256
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,685 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$69 /mo · $825/yr
• Insurance: −$106
• HOA: −$15
• Vacancy / Maint / Mgmt: −$354
• Net cashflow: $-196

Break-even live

Break-even rent $1,933

Max offer price $220,359

Occupancy floor —

Sensitivity live

Price	-10% $-52	-5% $-124	+0% $-196	+5% $-268	+10% $-340
Rent	-10% $-329	-5% $-263	+0% $-196	+5% $-130	+10% $-63
Rate	-1.0pp $-68	-0.5pp $-131	base $-196	+0.5pp $-262	+1.0pp $-329

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
189 Tobin Ln Hazel Green, AL	3.0	2.0	1685	$1,775	$1.05	14d	1	0.09mi
108 Karenlee Cir Hazel Green, AL	4.0	2.0	1666	$1,685	$1.01	24d	1	0.13mi
143 Havner Dr Hazel Green, AL	4.0	2.0	1667	$1,775	$1.06	14d	1	0.21mi
117 Hank Ct Hazel Green, AL	3.0	2.0	1517	$1,650	$1.09	44d	1	0.25mi
171 Keller Dr Hazel Green, AL	3.0	2.0	1683	$1,616	$0.96	44d	1	0.26mi
169 Keller Dr Hazel Green, AL	3.0	2.0	1537	$1,665	$1.08	14d	1	0.26mi
137 Hazel Pine Trl Hazel Green, AL	3.0	2.0	1482	$1,650	$1.11	24d	1	0.28mi
100 Brook Glen Dr Hazel Green, AL	3.0	2.0	1336	$1,595	$1.19	14d	1	0.80mi
149 Hazel Trce Hazel Green, AL	3.0	2.0	1628	$1,695	$1.04	14d	1	0.99mi
109 Bullard Rd Unit C-5 Hazel Green, AL	2.0	2.0	1008	$1,100	$1.09	44d	1	1.29mi
109 Bullard Rd Apt A6 Hazel Green, AL	2.0	2.0	1008	$1,200	$1.19	44d	1	1.29mi
202 Hailey May Ct Hazel Green, AL	4.0	2.5	1727	$1,645	$0.95	24d	1	1.44mi
203 Hailey May Ct Hazel Green, AL	4.0	2.0	1797	$1,695	$0.94	24d	1	1.45mi
127 London Calvin Way Hazel Green, AL	4.0	2.5	1727	$1,645	$0.95	14d	1	1.45mi
106 London Calvin Way Hazel Green, AL	4.0	2.0	1797	$1,684	$0.94	44d	1	1.48mi

HOA detail

• Monthly dues: $15 · $180/yr

Listing history 27 events

1. 2026-06-18
   days on market $254,999 Active 4 DOM
2. 2026-06-17
   days on market $254,999 Active 3 DOM
3. 2026-06-16
   days on market $254,999 Active 2 DOM
4. 2026-06-15
   days on marketlisting id $254,999 Active 1 DOM
5. 2026-06-14
   days on market $254,999 Active 10 DOM
6. 2026-06-10
   days on market $254,999 Active 7 DOM
7. 2026-06-09
   days on market $254,999 Active 6 DOM
8. 2026-06-08
   days on market $254,999 Active 5 DOM
9. 2026-06-07
   remarks 687-char remark
10. 2026-06-07
    pricedays on marketlisting id $254,999 Active 4 DOM
11. 2026-04-16
    price $264,900 157-char remark
12. 2026-03-24
    price $269,900 157-char remark
13. 2026-02-24
    price $274,900 157-char remark
14. 2026-01-21
    price $279,900 157-char remark
15. 2025-09-15
    listed $284,900 Active 157-char remark
16. 2024-03-29
    soldstatus $259,000 Sold 487-char remark
17. 2024-03-27
    status Pending 487-char remark
18. 2024-02-25
    historical Contingent 487-char remark
19. 2024-02-05
    listed $265,000 Active 487-char remark
20. 2021-05-12
    soldstatus $216,155 Sold
21. 2021-02-24
    status Pending
22. 2021-02-23
    status Pending
23. 2021-02-10
    status Pending
24. 2021-02-07
    status Pending
25. 2021-02-01
    soldstatus $47,000
26. 2021-01-30
    price $216,155
27. 2021-01-26
    listed $214,155 Active

ⓘ 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: $825 · $69/mo
• Projected year-2 tax: $1,045 · $87/mo
• Expected delta: +$220/yr (+$18/mo · 26.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $20,220
• − Mortgage interest: −$14,284
• − Property taxes: −$825
• − Insurance: −$1,275
• − Repairs & maintenance: −$1,618
• − Management: −$1,618
• − HOA: −$180
• − Depreciation: −$7,418
• Taxable loss: −$6,997
• Est. tax savings @ 24.0%: +$1,679
• After-tax cash flow: $-674/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

• Census place: Hazel Green, AL
• 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

+19.1% since first listed

18 events — show timeline

• 2026-06-14 Listed $254,999 VMLS
• 2026-06-04 Listed $254,999 FSBO.com
• 2026-04-16 Price Changed $264,900 VMLS
• 2026-03-24 Price Changed $269,900 VMLS
• 2026-02-24 Price Changed $274,900 VMLS
• 2026-01-21 Price Changed $279,900 VMLS
• 2024-03-29 Sold (MLS) $259,000 VMLS
• 2024-03-27 Pending — VMLS
• 2024-02-25 Contingent — VMLS
• 2024-02-05 Listed $265,000 VMLS
• 2021-05-12 Sold (MLS) $216,155 VMLS
• 2021-02-24 Pending — VMLS
• 2021-02-23 Pending — VMLS
• 2021-02-10 Pending — VMLS
• 2021-02-07 Pending — VMLS
• 2021-02-01 Sold (Public Records) $47,000 Public Records
• 2021-01-30 Price Changed $216,155 VMLS
• 2021-01-26 Listed $214,155 VMLS

Property tax history

+0.0%/yr

Latest (2024): $825 · +0.0% YoY. Source: county tax records.