497 Ready Section Rd · Hazel Green, AL 35750

$188,400

3 bd · 1.0 ba · 1,128 sqft · SingleFamily public records · 76 Days on market

Built 1967 0.30 ac lot $167/sqft · 14% below area Est $218k · 13% under

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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 +16.7/30.0
• ARV discount +13.6/15.0
• Appreciation +10.0/10.0
• DSCR +5.2/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Recently remodeled including 2-year old roof, full interior repaint, updated plumbing and pipes, and updated flooring.

Key facts

• Remodeled
• Updated flooring
• Updated plumbing

Tags

• REMODELED
• UPDATED PLUMBING
• UPDATED FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $53 ($630/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 $155k (17.9% below list).
• Recommended offer: $155k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 7.1% 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: schools C-, amenities F, commute 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.
• Market conditions: 256 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 4,709 units permitted in Madison County in 2024 (1,186 in 5+ unit buildings).

Forward outlook

• In year one you build about $20k of equity ($1k loan paydown + $19k appreciation (10.0% local appreciation)).
• Madison County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $53k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 76 days — a 6% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe 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 $154,605 (17.9% below list)

Questions for the listing agent

1. It's been on market 76 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.82% ✗
• Cap rate: 7.05%
• Cash-on-cash: 2.71%
• DSCR: 1.12
• GRM: 10.2

CMA / ARV

• ARV (median comp): $217,787
• List price: $188,400
• Delta: -13.49%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.1%
• Equity multiple: 3.01×
• Total profit: $105,893
• Equity at exit: $169,726

10-year hold

• IRR: 22.1%
• Equity multiple: 6.86×
• Total profit: $309,092
• Equity at exit: $366,020

Cash invested: $52,752 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,546 medium
• Mortgage (P&I): −$988
• Tax from tax record: −$36 /mo · $431/yr
• Insurance: −$78
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $53

Break-even live

Break-even rent $1,480

Max offer price $188,400

Occupancy floor 92%

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: $47,100
• Closing costs: $5,652
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
170 Stafford Rd Hazel Green, AL	3.0	2.0	1068	$1,350	$1.26	23d	1	1.38mi
166 Stafford Rd Hazel Green, AL	3.0	2.0	1300	$1,450	$1.12	44d	1	1.38mi

Listing history 30 events

1. 2026-06-18
   days on market $188,400 Active 76 DOM
2. 2026-06-17
   days on market $188,400 Active 75 DOM
3. 2026-06-16
   days on market $188,400 Active 74 DOM
4. 2026-06-15
   days on market $188,400 Active 73 DOM
5. 2026-06-14
   days on market $188,400 Active 71 DOM
6. 2026-06-10
   days on market $188,400 Active 68 DOM
7. 2026-06-09
   days on market $188,400 Active 67 DOM
8. 2026-06-08
   days on market $188,400 Active 66 DOM
9. 2026-06-07
   days on market $188,400 Active 65 DOM
10. 2026-06-02
    days on market $188,400 Active 60 DOM
11. 2026-06-01
    days on market $188,400 Active 59 DOM
12. 2026-05-31
    days on market $188,400 Active 58 DOM
13. 2026-05-30
    days on market $188,400 Active 57 DOM
14. 2026-05-19
    price $188,400 118-char remark

    Show marketing remark (118 chars)

    Recently remodeled including 2-year old roof, full interior repaint, updated plumbing and pipes, and updated flooring.

15. 2026-04-03
    listed $188,500 Active 118-char remark

    Show marketing remark (118 chars)

    Recently remodeled including 2-year old roof, full interior repaint, updated plumbing and pipes, and updated flooring.

16. 2022-08-16
    soldstatus $175,000
17. 2022-08-11
    soldstatus $175,000 Sold 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

18. 2022-07-12
    historical Contingent 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

19. 2022-07-07
    price $170,000 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

20. 2022-07-07
    status Active 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

21. 2022-05-30
    historical Contingent 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

22. 2022-05-25
    listed $160,000 Active 519-char remark

    Show marketing remark (519 chars)

    Buyer's loss is YOUR gain!! Buyer didn't qualify at last minute. Super Cute home located in HAZEL GREEN and close to AL/TN state line. With 3 BEDROOMS & 2 FULL BATHS, this is the PERFECT opportunity for a first time buyer or your first investment property! Owners have FENCED the backyard, added gravel to expend the DRIVEWAY and ALL APPLIANCES are included including W/D and REFRIGERATOR. Kitchen has TILE backsplash and home has LAMINATE flooring throughout. NO CARPET! Sold as is/where is with no known issues.

23. 2020-12-01
    soldstatus $120,000
24. 2020-11-30
    soldstatus $120,000 Sold
25. 2020-10-20
    status Pending
26. 2020-10-15
    listed $134,900 Active
27. 2019-11-14
    soldstatus $60,000
28. 2016-08-17
    soldstatus $67,500
29. 2016-08-15
    soldstatus $67,500
30. 2015-08-17
    listed $69,900

ⓘ 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: $431 · $36/mo
• Projected year-2 tax: $772 · $64/mo
• Expected delta: +$341/yr (+$28/mo · 79.2%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $18,553
• − Mortgage interest: −$10,553
• − Property taxes: −$431
• − Insurance: −$1,739
• − Repairs & maintenance: −$1,484
• − Management: −$1,484
• − Depreciation: −$5,481
• Taxable loss: −$2,620
• Est. tax savings @ 24.0%: +$629
• After-tax cash flow: $1,259/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): 13,413
• 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

+169.5% since first listed

17 events — show timeline

• 2026-05-19 Price Changed $188,400 VMLS
• 2026-04-03 Listed $188,500 VMLS
• 2022-08-16 Sold (Public Records) $175,000 Public Records
• 2022-08-11 Sold (MLS) $175,000 VMLS
• 2022-07-12 Contingent — VMLS
• 2022-07-07 Price Changed $170,000 VMLS
• 2022-07-07 Relisted — VMLS
• 2022-05-30 Contingent — VMLS
• 2022-05-25 Listed $160,000 VMLS
• 2020-12-01 Sold (Public Records) $120,000 Public Records
• 2020-11-30 Sold (MLS) $120,000 VMLS
• 2020-10-20 Pending — VMLS
• 2020-10-15 Listed $134,900 VMLS
• 2019-11-14 Sold (Public Records) $60,000 Public Records
• 2016-08-17 Sold (Public Records) $67,500 Public Records
• 2016-08-15 Sold (MLS) $67,500 VMLS
• 2015-08-17 Listed $69,900 VMLS

Property tax history

+1.2%/yr

Latest (2024): $431 · +0.0% YoY. Source: county tax records.