181 Eliza Ln · Hazel Green, AL 35761

$156,000

2 bd · 1.0 ba · 912 sqft · SingleFamily public records · 4087 Days on market

Built 1986 1.00 ac lot $171/sqft · 26% below area Est $186k · 16% 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 +19.9/30.0
• ARV discount +14.8/15.0
• DSCR +6.3/10.0
• 1% rule +4.1/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

realtor owned cozy home on 1 acre. you might consider splitting the lot into 2 half acres and building another home on the other half acre. Willing to accept Bitcoins for trade. New roof in 2024

Key facts

• 1 acre lot
• Listed 4087 days

Property features AI

Finance

• HOA & community: No homeowners association; Subdivision: Metes And Bounds

Exterior

• Parking: No designated parking
• Utilities: Electric heating and power; Public water; Septic sewer
• Home design: Single-family residence; One level
• Construction: Frame construction
• Exterior features: 1 acre lot; Public water; Septic tank

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central cooling
• Interior features: Crawl space basement; 4 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $156k.

Deal economics

• At list price, monthly cash flow is $189 ($2k/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 $143k (8.6% below list).
• Recommended offer: $137k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.7% 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: Walnut Grove School (math 22% / reading 62%, grade F, #213 of 627 statewide, top 37%, 282 students, 57% 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 48% FRL vs 29% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 391 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $5k 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 4087 days — a 12% lower offer ($137k) is reasonable based on typical stale-listing flexibility.

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 $137,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 4087 days. Have you received any prior offers? Is the seller open to a 12% 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. 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.
5. 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.
6. 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: 0.91% ✗
• Cap rate: 7.74%
• Cash-on-cash: 5.18%
• DSCR: 1.23
• GRM: 9.1

CMA / ARV

• ARV (median comp): $185,986
• List price: $156,000
• Delta: -16.12%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
720 Greenville Pike	0.31mi	1/1.0 (-1)	891 (-2%)	23mo	$35,000	$39	58
324 Earnhardt Dr	0.35mi	3/2.0 (+1)	1,031 (+13%)	4mo	$195,000	$189	49
332 Earnhardt Dr	0.41mi	3/2.0 (+1)	1,045 (+15%)	22mo	$218,000	$209	30

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: -8.3%
• Equity multiple: 0.69×
• Total profit: $-13,337
• Equity at exit: $23,260

10-year hold

• IRR: 1.2%
• Equity multiple: 1.08×
• Total profit: $3,585
• Equity at exit: $13,488

Cash invested: $43,680 (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 35761

• Home prices YoY: -9.3%
• Active inventory: 391
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,426 medium
• Mortgage (P&I): −$818
• Tax from tax record: −$55 /mo · $661/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$300
• Net cashflow: $189

Break-even live

Break-even rent $1,188

Max offer price $156,000

Occupancy floor 82%

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: $39,000
• Closing costs: $4,680
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-18
   days on market $156,000 Active 4087 DOM
2. 2026-06-17
   days on market $156,000 Active 4086 DOM
3. 2026-06-16
   days on market $156,000 Active 4085 DOM
4. 2026-06-15
   days on market $156,000 Active 4084 DOM
5. 2026-06-14
   days on market $156,000 Active 4082 DOM
6. 2026-06-10
   days on market $156,000 Active 4079 DOM
7. 2026-06-09
   days on market $156,000 Active 4078 DOM
8. 2026-06-08
   days on market $156,000 Active 4077 DOM
9. 2026-06-07
   pricedays on market $156,000 Active 4076 DOM
10. 2026-06-02
    days on market $157,000 Active 4071 DOM
11. 2026-06-01
    days on market $157,000 Active 4070 DOM
12. 2026-05-31
    pricedays on market $157,000 Active 4069 DOM
13. 2026-05-30
    days on market $152,000 Active 4068 DOM
14. 2026-03-09
    price $152,000
15. 2025-12-30
    price $153,000
16. 2025-11-24
    price $154,000
17. 2025-10-25
    price $155,000
18. 2025-10-07
    price $156,000
19. 2025-08-23
    price $153,000
20. 2025-08-15
    price $154,000
21. 2025-07-09
    price $155,000
22. 2025-05-31
    price $151,000
23. 2025-03-23
    price $152,000
24. 2025-03-17
    price $153,000
25. 2025-02-25
    price $154,000
26. 2025-02-23
    price $155,000
27. 2025-02-04
    price $156,000
28. 2025-01-14
    price $157,000
29. 2024-12-14
    price $158,000
30. 2024-12-13
    price $159,000
31. 2024-12-04
    price $160,000
32. 2024-11-15
    price $165,000
33. 2024-11-15
    price $160,000
34. 2024-10-24
    price $157,000
35. 2024-10-02
    price $158,000
36. 2024-07-29
    price $159,000
37. 2024-07-21
    price $160,000
38. 2024-07-12
    price $159,000
39. 2024-06-28
    price $160,000
40. 2024-06-16
    price $161,000
41. 2024-05-27
    price $162,000
42. 2024-05-24
    price $163,000
43. 2024-04-01
    price $164,000
44. 2024-03-24
    price $165,000
45. 2024-03-18
    price $166,000
46. 2024-03-15
    price $167,000
47. 2024-02-29
    price $168,000
48. 2024-02-20
    price $169,000
49. 2023-11-09
    price $170,000
50. 2023-10-16
    price $171,000

ⓘ 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: $661 · $55/mo
• Projected year-2 tax: $661 · $55/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 19% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,114
• − Mortgage interest: −$8,738
• − Property taxes: −$661
• − Insurance: −$780
• − Repairs & maintenance: −$1,369
• − Management: −$1,369
• − Depreciation: −$4,538
• Taxable loss: −$342
• Est. tax savings @ 24.0%: +$82
• After-tax cash flow: $2,344/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): 13,557
• Household income: $79,440
• Rent vs Own: 17.5% rent · 82.5% own
• Severe rent burden: 220.0

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 (76%)
• Race & ethnicity: White 76% Black 15% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Italian 3% Serbian 2% Iranian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1% Spanish 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: ▼ -26.88%
• Current HPI: 261.8281
• 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

+144.1% since first listed

97 events — show timeline

• 2026-06-05 Price Changed $156,000 VMLS
• 2026-05-31 Price Changed $157,000 VMLS
• 2026-03-09 Price Changed $152,000 VMLS
• 2025-12-30 Price Changed $153,000 VMLS
• 2025-11-24 Price Changed $154,000 VMLS
• 2025-10-25 Price Changed $155,000 VMLS
• 2025-10-07 Price Changed $156,000 VMLS
• 2025-08-23 Price Changed $153,000 VMLS
• 2025-08-15 Price Changed $154,000 VMLS
• 2025-07-09 Price Changed $155,000 VMLS
• 2025-05-31 Price Changed $151,000 VMLS
• 2025-03-23 Price Changed $152,000 VMLS
• 2025-03-17 Price Changed $153,000 VMLS
• 2025-02-25 Price Changed $154,000 VMLS
• 2025-02-23 Price Changed $155,000 VMLS
• 2025-02-04 Price Changed $156,000 VMLS
• 2025-01-14 Price Changed $157,000 VMLS
• 2024-12-14 Price Changed $158,000 VMLS
• 2024-12-13 Price Changed $159,000 VMLS
• 2024-12-04 Price Changed $160,000 VMLS
• 2024-11-15 Price Changed $165,000 VMLS
• 2024-11-15 Price Changed $160,000 VMLS
• 2024-10-24 Price Changed $157,000 VMLS
• 2024-10-02 Price Changed $158,000 VMLS
• 2024-07-29 Price Changed $159,000 VMLS
• 2024-07-21 Price Changed $160,000 VMLS
• 2024-07-12 Price Changed $159,000 VMLS
• 2024-06-28 Price Changed $160,000 VMLS
• 2024-06-16 Price Changed $161,000 VMLS
• 2024-05-27 Price Changed $162,000 VMLS
• 2024-05-24 Price Changed $163,000 VMLS
• 2024-04-01 Price Changed $164,000 VMLS
• 2024-03-24 Price Changed $165,000 VMLS
• 2024-03-18 Price Changed $166,000 VMLS
• 2024-03-15 Price Changed $167,000 VMLS
• 2024-02-29 Price Changed $168,000 VMLS
• 2024-02-20 Price Changed $169,000 VMLS
• 2023-11-09 Price Changed $170,000 VMLS
• 2023-10-16 Price Changed $171,000 VMLS
• 2023-10-11 Price Changed $172,000 VMLS
• 2023-10-03 Price Changed $173,000 VMLS
• 2023-09-20 Price Changed $174,000 VMLS
• 2023-09-12 Price Changed $175,000 VMLS
• 2023-09-08 Price Changed $177,000 VMLS
• 2023-08-21 Price Changed $178,000 VMLS
• 2023-08-15 Price Changed $179,000 VMLS
• 2023-07-21 Price Changed $180,000 VMLS
• 2023-06-02 Price Changed $185,000 VMLS
• 2023-04-27 Price Changed $180,000 VMLS
• 2023-02-28 Price Changed $185,000 VMLS
• 2023-01-16 Price Changed $190,000 VMLS
• 2023-01-02 Price Changed $195,000 VMLS
• 2022-12-24 Price Changed $200,000 VMLS
• 2022-09-22 Price Changed $150,000 VMLS
• 2022-08-11 Price Changed $155,000 VMLS
• 2022-07-21 Price Changed $150,000 VMLS
• 2022-07-14 Price Changed $136,000 VMLS
• 2022-07-12 Price Changed $137,000 VMLS
• 2022-06-16 Price Changed $138,000 VMLS
• 2022-05-10 Price Changed $140,000 VMLS
• 2022-05-10 Price Changed $135,000 VMLS
• 2022-04-16 Price Changed $140,000 VMLS
• 2022-04-02 Price Changed $135,000 VMLS
• 2022-01-19 Price Changed $130,000 VMLS
• 2021-08-21 Price Changed $125,000 VMLS
• 2021-07-17 Price Changed $120,000 VMLS
• 2021-06-29 Price Changed $110,000 VMLS
• 2021-06-04 Price Changed $107,000 VMLS
• 2021-05-17 Price Changed $108,000 VMLS
• 2021-03-20 Price Changed $105,000 VMLS
• 2021-02-11 Price Changed $100,000 VMLS
• 2020-12-07 Price Changed $97,000 VMLS
• 2020-11-14 Price Changed $91,000 VMLS
• 2020-10-25 Price Changed $91,500 VMLS
• 2020-09-04 Price Changed $92,000 VMLS
• 2020-09-03 Price Changed $92,400 VMLS
• 2020-08-16 Price Changed $92,500 VMLS
• 2020-07-25 Price Changed $87,500 VMLS
• 2020-06-19 Price Changed $85,000 VMLS
• 2020-05-27 Price Changed $85,500 VMLS
• 2020-05-19 Price Changed $86,000 VMLS
• 2020-03-15 Price Changed $87,000 VMLS
• 2020-03-08 Price Changed $85,000 VMLS
• 2020-02-17 Price Changed $80,000 VMLS
• 2020-02-17 Price Changed $77,000 VMLS
• 2020-02-13 Price Changed $75,000 VMLS
• 2019-06-01 Price Changed $72,500 VMLS
• 2019-05-06 Price Changed $69,500 VMLS
• 2019-04-11 Price Changed $66,400 VMLS
• 2019-04-08 Price Changed $66,500 VMLS
• 2019-03-23 Price Changed $63,300 VMLS
• 2019-03-22 Price Changed $63,400 VMLS
• 2019-03-19 Price Changed $63,500 VMLS
• 2019-03-16 Price Changed $63,600 VMLS
• 2019-03-14 Price Changed $63,700 VMLS
• 2019-03-11 Price Changed $63,800 VMLS
• 2015-04-10 Listed $63,900 VMLS

Property tax history

+6.0%/yr

Latest (2024): $661 · +6.0% YoY. Source: county tax records.