1407 Colorado Ave · Florence, AL 35630

$135,000

3 bd · 1.5 ba · 864 sqft · SingleFamily public records · 186 Days on market

Built 1924 4,792 sqft lot $156/sqft · 57% above area

---

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 +19.4/30.0
• ARV discount +7.5/15.0
• DSCR +6.1/10.0
• Livability +4.1/5.0
• 1% rule +4.0/10.0
• Rent growth +4.0/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

Key facts

• New lighting
• Fresh paint
• New hvac

Tags

• NEW ROOF
• NEW WINDOWS
• NEW HVAC
• NEW LIGHTING
• TILE SHOWER
• FRESH PAINT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $150 ($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 $121k (10.5% below list).
• Recommended offer: $119k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.6% in Florence — 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 82/100 on livability (#4 in AL, #1,140 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Florence City (urban): math 28% / reading 44% proficiency, ranked #44 of 129 in AL (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+6.2%/yr); 268 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 164 units permitted in Lauderdale County in 2024 (72 in 5+ unit buildings).
• This rent runs 31% of the median local income ($46k/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 $933 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 186 days — a 12% lower offer ($119k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $24k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $135k implies a 800% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• 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 $118,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 186 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 7.63%
• Cash-on-cash: 4.76%
• DSCR: 1.21
• GRM: 9.3

CMA / ARV

• ARV (median comp): $86,176
• List price: $135,000
• Delta: 56.66%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1407 Colorado Ave	0.00mi	2/1.0 (-1)	864 (0%)	19mo	$15,000	$17	77
305 Minniehaha	0.13mi	2/2.0 (-1)	980 (+13%)	12mo	$130,000	$133	55
202 Minniehaha	0.26mi	2/1.0 (-1)	975 (+13%)	10mo	$99,500	$102	51
1113 Alabama St	0.72mi	3/2.0	950 (+10%)	2mo	$135,000	$142	46
201 Minniehaha St	0.26mi	2/1.0 (-1)	956 (+11%)	24mo	$50,000	$52	43
1325 Sunnyside St	0.54mi	3/1.0	936 (+8%)	22mo	$47,000	$50	40
302 S Patton St	0.64mi	2/1.0 (-1)	972 (+12%)	9mo	$160,000	$165	35
301 N Kirkman St	0.55mi	2/1.0 (-1)	950 (+10%)	18mo	$85,000	$89	35
655 Sannoner Ave	0.75mi	3/1.0	975 (+13%)	8mo	$159,900	$164	35

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 · 6.18% rent growth · sell at horizon

5-year hold

• IRR: -5.8%
• Equity multiple: 0.78×
• Total profit: $-8,393
• Equity at exit: $20,129

10-year hold

• IRR: 6.9%
• Equity multiple: 1.59×
• Total profit: $22,224
• Equity at exit: $11,672

Cash invested: $37,800 (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 35630

• Home prices YoY: -33.7%
• Rents YoY: 6.2%
• Active inventory: 268
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,208 high
• Mortgage (P&I): −$708
• Tax from tax record: −$40 /mo · $485/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $150

Break-even live

Break-even rent $1,019

Max offer price $135,000

Occupancy floor 83%

Sensitivity live

Price	-10% $226	-5% $188	+0% $150	+5% $112	+10% $74
Rent	-10% $55	-5% $102	+0% $150	+5% $198	+10% $245
Rate	-1.0pp $218	-0.5pp $184	base $150	+0.5pp $115	+1.0pp $79

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
211 N Patton St Unit 1510 Florence, AL	2.0	1.0	850	$825	$0.97	44d	1	0.41mi
1110 E Limestone St Unit 1 Florence, AL	2.0	1.0	840	$1,600	$1.90	44d	1	0.85mi
1975 Darby Dr Florence, AL	1.0–2.0	1.0–1.5	997	$815	$0.82	44d	2	1.01mi
416 N Broadway St Florence, AL	3.0	2.0	1125	$1,450	$1.29	44d	1	1.04mi
520 E Tuscaloosa St Unit 520-C Florence, AL	2.0	1.0	900	$995	$1.11	44d	1	1.12mi
418 N Poplar St Florence, AL	2.0	2.0	1000	$995	$0.99	44d	1	1.16mi
3504 Cole Ave Unit B Florence, AL	2.0	1.0	900	$750	$0.83	44d	1	1.24mi
939 N Royal Ave Florence, AL	2.0	1.0	900	$850	$0.94	44d	1	1.27mi
1034 N Royal Ave Unit 2 Florence, AL	2.0	1.0	900	$850	$0.94	44d	1	1.40mi

Listing history 15 events

1. 2026-06-01
   days on market $135,000 Active 186 DOM
2. 2026-05-31
   days on market $135,000 Active 185 DOM
3. 2026-05-30
   days on market $135,000 Active 184 DOM
4. 2026-04-17
   status Active 810-char remark

   Show marketing remark (810 chars)

   This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

5. 2026-03-24
   status Pending 810-char remark

   Show marketing remark (810 chars)

   This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

6. 2026-03-17
   price $135,000 810-char remark

   Show marketing remark (810 chars)

   This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

7. 2025-12-14
   price $154,000 810-char remark

   Show marketing remark (810 chars)

   This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

8. 2025-11-03
   listed $159,000 Active 810-char remark

   Show marketing remark (810 chars)

   This is the perfect home for a first-time buyer or anyone looking to downsize! Completely renovated from top to bottom, this 3-bedroom, 2-bath home is truly move-in ready. Updates include a new roof, windows, HVAC, lighting, tile shower, fresh paint, and luxury vinyl flooring throughout. The kitchen features brand-new cabinets, a tile backsplash that complements the beautiful granite countertops, and all-new finishes that give the space a modern, stylish look. Step outside to a brand-new deck—perfect for relaxing and enjoying your morning coffee. Centrally located, you’re less than 5 minutes from downtown Florence, UNA, parks, shopping, restaurants, and the beautiful Tennessee River. All that’s left to do is bring your belongings and move right in! Buyer to verify all information.

9. 2024-11-19
   soldstatus $15,000 Closed 16-char remark

   Show marketing remark (16 chars)

   Pending at print

10. 2024-11-07
    historical 16-char remark

    Show marketing remark (16 chars)

    Pending at print

11. 2024-11-07
    listed $20,000 16-char remark

    Show marketing remark (16 chars)

    Pending at print

12. 2024-03-06
    soldstatus $600,000
13. 2021-06-21
    soldstatus $930,000
14. 2021-06-18
    soldstatus $35,600
15. 2021-06-14
    listed $35,600

ⓘ 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: $485 · $40/mo
• Projected year-2 tax: $554 · $46/mo
• Expected delta: +$68/yr (+$6/mo · 14.1%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥107°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: $14,501
• − Mortgage interest: −$7,562
• − Property taxes: −$485
• − Insurance: −$675
• − Repairs & maintenance: −$1,160
• − Management: −$1,160
• − Depreciation: −$3,927
• Taxable loss: −$469
• Est. tax savings @ 24.0%: +$113
• After-tax cash flow: $1,913/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: Florence City
• NCES district ID: 0101530
• Math proficiency: 28% ▼ -28.00%
• Reading proficiency: 44% ▼ -4.00%
• Median HH income: $34,997
• Composite: 29.69/100
• National rank: #6456
• State rank: #44 of 129 in AL

Livability — Florence

• Score: 82/100
• State rank: #4
• US rank: #1140

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Florence, AL
• County: Lauderdale County · 47,988 people
• City population: 34,028
• Metro: Florence-Muscle Shoals, AL
• Population (ZIP): 34,028
• Household income: $46,304
• Rent vs Own: 54.7% rent · 45.3% own
• Severe rent burden: 1516.0

Population outlook (Lauderdale County) Hauer SSP2

• Today (2025): 93,386 people
• By 2030: 93,634 · +0.3%
• By 2040: 93,114 · -0.3%
• By 2050: 91,586 · -1.9%
• By 2075: 88,667 · -5.1%
• By 2100: 81,098 · -13.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 18% Two or more races 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Serbian 2% Romanian 1%
• Foreign-born: 4% · Canada, Vietnam, Guatemala
• Languages at home: 92% English-only · Spanish 6% Vietnamese 1%

Political lean MEDSL · Lauderdale

• 2024 margin: Solid R (+51.5) · D 23.8% · R 75.3%
• 2008→2024 swing: -23.3pp toward R · 2008: -28.2pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+44.7 2016: R+46.0 2012: R+30.9 2008: R+28.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.78%
• Current HPI: 206.1364
• Rent YoY: ▲ 6.18%
• Metro: Florence-Muscle Shoals, 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

+279.2% since first listed

12 events — show timeline

• 2026-04-17 Relisted — SAARMLS
• 2026-03-24 Pending — SAARMLS
• 2026-03-17 Price Changed $135,000 SAARMLS
• 2025-12-14 Price Changed $154,000 SAARMLS
• 2025-11-03 Listed $159,000 SAARMLS
• 2024-11-19 Sold (MLS) $15,000 SAARMLS
• 2024-11-07 Listed $20,000 SAARMLS
• 2024-11-07 Delisted — SAARMLS
• 2024-03-06 Sold (Public Records) $600,000 Public Records
• 2021-06-21 Sold (Public Records) $930,000 Public Records
• 2021-06-18 Sold (MLS) $35,600 SAARMLS
• 2021-06-14 Listed $35,600 SAARMLS

Property tax history

+5.5%/yr

Latest (2025): $485 · +9.3% YoY. Source: county tax records.