2305 Riverwood Dr · Auburn, AL 36830

$315,000

3 bd · 1.0 ba · 1,616 sqft · SingleFamily public records · 5 Days on market

Built 2001 10,019 sqft lot Est $373k · 16% 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 +14.5/15.0
• Cash flow +11.6/30.0
• Schools +5.0/10.0
• Livability +4.0/5.0
• Rent growth +3.8/5.0
• DSCR +3.4/10.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks

Incredible investment opportunity! Tucked away in a coveted neighborhood, the house is ready for someone to make it a home. The brick exterior offers ease of maintenance. The floor plan includes an large living room with focal point fireplace, semi-open kitchen and dining room. The bedrooms are a generous size. The back yard is fenced in and includes a patio. Double car garage. Just needs someone to make it shine again! PROPERTY IS BEING SOLD AS-IS.

Key facts

• Brick exterior
• Coveted neighborhood
• Fenced in back yard

Tags

• INVESTMENT OPPORTUNITY
• COVETED NEIGHBORHOOD
• BRICK EXTERIOR
• FOCAL POINT FIREPLACE
• SEMI-OPEN KITCHEN
• FENCED IN BACK YARD

Property features AI

Finance

• HOA & community: Homeowners association present; Community amenities include a pool

Exterior

• Parking: 2-car garage
• Utilities: Cable available; Public water available; Sewer connected
• Home design: Residential single-story home; Entry level: One level
• Construction: Brick and cement siding construction; Slab foundation; Built with typical materials (year built not provided)
• Exterior features: Patio; Fully fenced yard; Community pool

Interior

• Kitchen: Includes appliances (details not specified)
• Bathrooms: Two full bathrooms (both on the main level)
• Heating & cooling: Heating present (see remarks); Ceiling fans for cooling; Other cooling features
• Interior features: Ceiling fans; Accessible entrance

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $315k.

Deal economics

• At list price, monthly cash flow is $-99 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $297k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $226k (28.2% below list).
• Recommended offer: $226k (28.2% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 2.7% in Auburn — 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 80/100 on livability (#6 in AL, #1,842 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, health & safety A+; Watch: commute F.
• Auburn City (urban): math 51% / reading 69% proficiency, ranked #7 of 129 in AL (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wrights Mill Road Elementary School (math 65% / reading 75%, grade A-, #26 of 627 statewide, top 4%, 397 students, 33% FRL).
• Market conditions: Rents rising fast (+5.4%/yr); 899 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,858 units permitted in Lee County in 2024 (113 in 5+ unit buildings).
• This rent runs 39% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Lee County population projected at +54% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $226,267 (28.2% 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. 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: 0.72% ✗
• Cap rate: 5.92%
• Cash-on-cash: -1.35%
• DSCR: 0.94
• GRM: 11.6

CMA / ARV

• ARV (on-the-fly): $373,296
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
523 Coleman Ct	0.07mi	3/2.0	1,686 (+4%)	2mo	$389,900	$231	83

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 · 5.36% rent growth · sell at horizon

5-year hold

• IRR: -16.3%
• Equity multiple: 0.41×
• Total profit: $-52,002
• Equity at exit: $46,968

10-year hold

• IRR: -4.8%
• Equity multiple: 0.66×
• Total profit: $-30,314
• Equity at exit: $27,235

Cash invested: $88,200 (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 36830

• Rents YoY: 5.4%
• Active inventory: 899
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $2,263 high
• Mortgage (P&I): −$1,652
• Tax from tax record: −$103 /mo · $1,242/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$475
• Net cashflow: $-99

Break-even live

Break-even rent $2,388

Max offer price $297,489

Occupancy floor 99%

Sensitivity live

Price	-10% $79	-5% $-10	+0% $-99	+5% $-188	+10% $-277
Rent	-10% $-278	-5% $-189	+0% $-99	+5% $-10	+10% $80
Rate	-1.0pp $60	-0.5pp $-19	base $-99	+0.5pp $-181	+1.0pp $-264

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: $78,750
• Closing costs: $9,450
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2317 Riverwood Dr Auburn, AL	3.0	2.5	1534	$2,400	$1.56	21d	1	0.03mi
1900 Samford Trace Ct Auburn, AL	3.0	1.0–3.0	1048	$2,031	$1.94	14d	1	0.19mi
1180 E University Dr Auburn, AL	3.0	3.0	2222	$2,400	$1.08	14d	1	0.90mi
379 Butternut Dr Auburn, AL	3.0	2.0	1641	$2,250	$1.37	21d	1	1.25mi
106 Oak St Unit 106 Auburn, AL	3.0	2.0	1298	$1,350	$1.04	21d	1	1.31mi
1613 Overcup Cir Auburn, AL	2.0	2.0	1276	$1,750	$1.37	44d	1	1.32mi

Listing history 5 events

1. 2026-06-09
   status $315,000 Pending 5 DOM
2. 2026-06-08
   days on market $315,000 Active 5 DOM
3. 2026-06-07
   days on market $315,000 Active 4 DOM
4. 2026-06-05
   remarks 453-char remark
5. 2026-06-05
   listed $315,000 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: $1,242 · $103/mo
• Projected year-2 tax: $1,292 · $108/mo
• Expected delta: +$50/yr (+$4/mo · 4.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,152
• − Mortgage interest: −$17,645
• − Property taxes: −$1,242
• − Insurance: −$1,575
• − Repairs & maintenance: −$2,172
• − Management: −$2,172
• − Depreciation: −$9,164
• Taxable loss: −$6,818
• Est. tax savings @ 24.0%: +$1,636
• After-tax cash flow: $447/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: Auburn City
• NCES district ID: 0100210
• Math proficiency: 51% ▼ -21.00%
• Reading proficiency: 69% ▲ 5.00%
• Median HH income: $38,126
• Composite: 49.87/100
• National rank: #1944
• State rank: #7 of 129 in AL

Livability — Auburn

• Score: 80/100
• State rank: #6
• US rank: #1842

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Auburn, AL
• County: Lee County · 144,175 people
• City population: 80,251
• Metro: Auburn-Opelika, AL
• Population (ZIP): 49,292
• Household income: $70,188
• Rent vs Own: 43.6% rent · 56.4% own
• Severe rent burden: 2961.0

Population outlook (Lee County) Hauer SSP2

• Today (2025): 196,440 people
• By 2030: 217,417 · +10.7%
• By 2040: 259,467 · +32.1%
• By 2050: 301,557 · +53.5%
• By 2075: 402,186 · +104.7%
• By 2100: 474,503 · +141.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 14% Asian 10% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Slovak 4% Italian 3% Serbian 2%
• Foreign-born: 11% · South Korea, Canada, China
• Languages at home: 87% English-only · Korean 4% Spanish 3% Chinese 2%

Political lean MEDSL · Lee

• 2024 margin: Strong R (+27.8) · D 35.5% · R 63.3% · Other 1.2%
• 2008→2024 swing: -8.1pp toward R · 2008: -19.8pp · 2024: -27.8pp
• All cycles: 2024: R+27.8 2020: R+20.1 2016: R+23.1 2012: R+19.9 2008: R+19.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.53%
• Current HPI: 270.6646
• Rent YoY: ▲ 5.36%
• Metro: Auburn-Opelika, 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

• 2026-06-03 Listed $315,000 LCMLS

Property tax history

+2.4%/yr

Latest (2025): $1,242 · +0.0% YoY. Source: county tax records.