230 Pin Oak Dr · Madison, AL 35758

$339,000

3 bd · 1.5 ba · 1,864 sqft · SingleFamily public records · 2 Days on market

Built 1987 0.41 ac lot Est $317k · 7% over

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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).

• Appreciation +10.0/10.0
• Cash flow +6.8/30.0
• Schools +5.6/10.0
• ARV discount +4.4/15.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• DSCR +1.0/10.0
• 1% rule +0.7/10.0

Listing remarks

LOCATION! LOCATION! PLUS THIS BEAUTIFUL HOME HAS ALL THE UPDATES! NEW ROOF WITH ARCHITETURAL SHINGLES, NEW KITCHEN CUSTOM CABINETS, SMOOTH PAINTED CEILINGS, NEW GARAGE DOOR AND MOTOR (2023), NEW HVAC DUCTWORK, CRAWLSPACE ENCAPSULATION, NEW GUTTERS, NEW CONCRETE PATIO THAT IS ADJACENT TO THE 15X11 PARTIALLY COVERED DECK, GAS LOG FIRELACE WITH NEW CHIMNEY, NEW UPDATED MASTER SHOWER, NEW HOT WATER HEATER 2025, FRESH PAINT (2026). NEW 10X12 OUTBUILDING 2024, UPDATED LIGHT FIXTURES, NO CARPET!!!!!! ALL LVP FLOORING OR TILE THROUGHOUT HOME, WINDOWS HAVE BEEN REPLACED BUT NOT SURE THE YEAR! MAKE YOUR APPT TO SEE TODAY!

Key facts

• New hvac ductwork
• New gutters
• New roof

Tags

• NEW ROOF
• NEW KITCHEN CUSTOM CABINETS
• NEW GARAGE DOOR
• NEW HVAC DUCTWORK
• CRAWLSPACE ENCAPSULATION
• NEW GUTTERS

Property features AI

Finance

• Other: Living area approximately 1,864 square feet; Located in Leathertree Estates
• HOA & community: No association; Subdivision: Leathertree Estates

Exterior

• Parking: Two-car garage
• Utilities: Public sewer; Public water
• Home design: Single-family residence; One level; Built in 1987; Brick construction
• Construction: Brick exterior; Shallow crawl-space foundation
• Exterior features: Detached building; Covered deck; Patio; Public water

Interior

• Kitchen: Oven; Dishwasher; Microwave; Gas cooktop
• Bedrooms: Total rooms: 6
• Bathrooms: One full bathroom; One 3/4 bathroom
• Heating & cooling: Central heating; Central cooling
• Interior features: Crawl space basement; Fireplace with gas log

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $339k.

Deal economics

• At list price, monthly cash flow is $-532 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (27.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $193k (43.0% below list).
• Recommended offer: $193k (43.0% below list) — sets the bar for 1% rule.
• Cap rate 4.4% vs local median 2.6% in Madison — 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 76/100 on livability (#12 in AL, #3,280 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime B+; Watch: amenities F, commute F.
• Madison City (suburban): math 51% / reading 71% proficiency, ranked #4 of 129 in AL (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Midtown Elementary School (math 49% / reading 78%, grade B, #46 of 627 statewide, top 8%, 999 students, 26% FRL); Discovery Middle School (math 46% / reading 69%, grade B, #13 of 257 statewide, top 5%, 1,334 students, 25% FRL); Bob Jones High School (math 53% / reading 51%, grade D+, #11 of 305 statewide, top 4%, 1,920 students, 24% FRL).
• Market conditions: Rents rising (+1.6%/yr); 390 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k 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 ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major flood risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $193,240 (43.0% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 0.57% ✗
• Cap rate: 4.41%
• Cash-on-cash: -6.72%
• DSCR: 0.70
• GRM: 14.6

CMA / ARV

• ARV (on-the-fly): $316,880
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
241 Pin Oak Dr	0.10mi	3/2.5	1,837 (-1%)	5mo	$320,000	$174	84
101 Mountain View Ln	0.37mi	3/2.5	1,854 (-0%)	3mo	$295,500	$159	76
124 Leathertree Ln	0.16mi	4/2.5 (+1)	1,971 (+6%)	7mo	$355,000	$180	68
112 Leathertree Ln	0.11mi	3/2.0	1,994 (+7%)	24mo	$339,403	$170	61
104 Patra Dr	0.68mi	3/2.0	1,778 (-5%)	3mo	$300,000	$169	56
107 Patra Dr	0.67mi	3/2.0	1,796 (-4%)	20mo	$234,300	$130	44
100 Patra Dr	0.66mi	3/2.0	1,732 (-7%)	15mo	$250,500	$145	43
105 Yorkshire Dr	0.58mi	4/2.0 (+1)	2,118 (+14%)	4mo	$298,500	$141	40
106 Marie Cir	0.73mi	3/2.0	1,700 (-9%)	20mo	$305,000	$179	32
115 Hartington Dr	0.62mi	4/2.5 (+1)	2,143 (+15%)	14mo	$395,000	$184	25

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 · 1.58% rent growth · sell at horizon

5-year hold

• IRR: 19.2%
• Equity multiple: 2.56×
• Total profit: $147,895
• Equity at exit: $305,398

10-year hold

• IRR: 17.5%
• Equity multiple: 5.81×
• Total profit: $456,658
• Equity at exit: $658,602

Cash invested: $94,920 (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 35758

• Home prices YoY: 4.2%
• Rents YoY: 1.6%
• Active inventory: 390
• Price-to-rent: 14.6×

Monthly cashflow live

• Estimated rent: $1,932 high
• Mortgage (P&I): −$1,778
• Tax from tax record: −$139 /mo · $1,672/yr
• Insurance: −$141
• HOA: −$0
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $-532

Break-even live

Break-even rent $2,605

Max offer price $245,070

Occupancy floor —

Sensitivity live

Price	-10% $-340	-5% $-436	+0% $-532	+5% $-628	+10% $-724
Rent	-10% $-684	-5% $-608	+0% $-532	+5% $-455	+10% $-379
Rate	-1.0pp $-361	-0.5pp $-445	base $-532	+0.5pp $-620	+1.0pp $-709

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: $84,750
• Closing costs: $10,170
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
102 McDermotts Way Madison, AL	3.0	2.0	1462	$1,675	$1.15	15d	1	0.72mi
110 Markum Ln Madison, AL	3.0	2.0	1937	$2,100	$1.08	45d	1	0.89mi
127 Philadelphia Dr Madison, AL	3.0	2.0	1404	$1,650	$1.18	25d	1	0.92mi
114 Clover Ridge Dr Madison, AL	3.0	2.0	2002	$2,250	$1.12	45d	1	0.92mi
113 Claytor Ln Madison, AL	3.0	2.0	1650	$1,795	$1.09	15d	1	0.96mi
137 Clover Ridge Dr Madison, AL	3.0	2.0	1860	$1,850	$0.99	15d	1	1.03mi
109 DuPont Cir Madison, AL	3.0	2.0	1725	$1,895	$1.10	15d	1	1.05mi
189 Merganser Blvd Madison, AL	4.0	2.5	2225	$1,995	$0.90	25d	1	1.21mi
106 Champions Green Dr Madison, AL	3.0	2.0	1950	$1,995	$1.02	25d	1	1.23mi
110 Wildweed Ct Madison, AL	3.0	2.0	1481	$1,750	$1.18	45d	1	1.28mi
403 Barrington Hills Dr Madison, AL	4.0	2.0	1820	$1,950	$1.07	23d	1	1.30mi
106 Teal Park Ln Madison, AL	3.0	2.0	1707	$1,950	$1.14	15d	1	1.30mi
649 Gooch Ln Madison, AL	4.0	2.0	1913	$2,061	$1.08	45d	1	1.34mi
111 Tumbleweed Dr Madison, AL	4.0	2.0	2010	$2,450	$1.22	15d	1	1.42mi
195 Amsterdam Pl Madison, AL	4.0	2.0	1820	$2,200	$1.21	15d	1	1.43mi
123 Chelsea Park Madison, AL	3.0	3.0	2580	$2,650	$1.03	15d	1	1.46mi
104 Kings Cross Dr Madison, AL	3.0	2.0	1905	$2,050	$1.08	25d	1	1.49mi
104 Kings Cross Dr Madison, AL	3.0	2.0	1906	$2,050	$1.08	45d	1	1.49mi

Listing history 3 events

1. 2026-06-07
   statusdays on market $339,000 Pending 2 DOM
2. 2026-06-03
   remarks 619-char remark
3. 2026-06-03
   listed $339,000 Active 1 DOM

ⓘ 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: $1,672 · $139/mo
• Projected year-2 tax: $1,672 · $139/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 6/10 Major FEMA zone X (unshaded) · 73% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 18% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,189
• − Mortgage interest: −$18,989
• − Property taxes: −$1,672
• − Insurance: −$1,695
• − Repairs & maintenance: −$1,855
• − Management: −$1,855
• − Depreciation: −$9,862
• Taxable loss: −$12,739
• Est. tax savings @ 24.0%: +$3,057
• After-tax cash flow: $-3,323/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 City
• NCES district ID: 0100008
• Math proficiency: 51% ▼ -25.00%
• Reading proficiency: 71% ▼ -2.00%
• Median HH income: $89,091
• Composite: 55.56/100
• National rank: #1238
• State rank: #4 of 129 in AL

Livability — Madison

• Score: 76/100
• State rank: #12
• US rank: #3280

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Madison, AL
• County: Madison County · 380,832 people
• City population: 93,742
• Metro: Huntsville, AL
• Population (ZIP): 50,266
• Household income: $117,380
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 875.0

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 (68%)
• Race & ethnicity: White 68% Black 14% Hispanic / Latino 8% Asian 7% Two or more races 7%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea, Vietnam
• Languages at home: 87% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 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: ▲ 14.46%
• Current HPI: 355.2784
• Rent YoY: ▲ 1.58%
• 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

1 event — show timeline

• 2026-06-02 Listed $339,000 VMLS

Property tax history

+0.5%/yr

Latest (2024): $1,672 · +3.4% YoY. Source: county tax records.