708 Woodland Vlg #708 · Homewood, AL 35216

$159,900

2 bd · 2.0 ba · 1,066 sqft · Townhouse · 60 Days on market

Built 1974 Good condition $150/sqft · 8% below area Est $174k · 8% under ↓ 9% since listing

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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 +17.5/30.0
• ARV discount +11.2/15.0
• Schools +6.2/10.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• Rent growth +3.1/5.0
• Appreciation +0.0/10.0

Listing remarks

First month of HOA paid for new buyer. Conveniently located 2-bedroom condo near Samford University and UAB! Virtually staged. Washer and dryer come with the condo! Enjoy 1,066 sq feet of thoughtfully designed living space in this beautifully maintained 2-bedroom, 2-bath condo! Perfect for students or professionals, this second-floor unit offers added privacy and tranquility. Large dog park area! Amenities: Cozy living area with gas fireplace, private balcony overlooking a grassy area. Well-appointed kitchen with countertops, pantry, and appliances. Convenient hallway laundry area with washer and dryer. Large walk-in closet in the primary suite. Community pool access.

Key facts

• Green space
• Private balcony
• Walk-in closet

Tags

• PRIVATE BALCONY
• GAS FIREPLACE
• WELL-APPOINTED KITCHEN
• WALK-IN CLOSET
• GREEN SPACE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $160k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $122 ($1k/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 (2.9% below list).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 2.3% in Homewood — 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 (#5 in AL, #1,730 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: cost of living F.
• Homewood City (suburban): math 55% / reading 74% proficiency, ranked #3 of 129 in AL (top 2%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Hall Kent Elementary School (math 48% / reading 69%, grade B-, #70 of 627 statewide, top 11%, 726 students, 34% FRL); Homewood Middle School (math 52% / reading 76%, grade B+, #5 of 257 statewide, top 2%, 926 students, 30% FRL); Homewood High School (math 62% / reading 63%, grade B-, #4 of 305 statewide, top 1%, 1,330 students, 28% FRL).
• Market conditions: Rents rising (+2.6%/yr); 199 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 62d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,114 units permitted in Jefferson County in 2024 (556 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.
• Jefferson County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,103 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.97% ✗
• Cap rate: 7.21%
• Cash-on-cash: 3.27%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (median comp): $174,037
• List price: $159,900
• Delta: -8.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1101 Woodland Vlg #1101	0.05mi	2/2.0	1,066 (0%)	3mo	$170,000	$159	95
908 Woodland Vlg #908	0.03mi	2/2.0	1,066 (0%)	5mo	$164,000	$154	94
1106 Woodland Vlg #1106	0.08mi	2/2.0	1,066 (0%)	3mo	$172,500	$162	94
1015 Woodland Vlg #1015	0.05mi	2/2.0	1,066 (0%)	6mo	$175,500	$165	93
1104 Woodland Vlg #1104	0.08mi	2/2.0	1,066 (0%)	5mo	$175,000	$164	92
1308 Woodland Vlg #1308	0.09mi	2/2.0	1,066 (0%)	8mo	$167,000	$157	89
159 Old Montgomery Hwy Unit C	0.12mi	2/2.0	992 (-7%)	1mo	$139,000	$140	82
157 Old Montgomery Hwy Unit A	0.20mi	2/2.0	1,023 (-4%)	5mo	$175,000	$171	80
1904 Shades Cliff Ter Unit C	0.23mi	2/2.0	1,028 (-4%)	5mo	$215,000	$209	79
151 Old Montgomery Hwy Unit B	0.20mi	2/1.0	992 (-7%)	3mo	$138,500	$140	73
171 Old Montgomery Hwy Unit D	0.08mi	2/1.0	961 (-10%)	5mo	$134,900	$140	71
165 Old Montgomery Hwy Unit E	0.16mi	2/1.0	961 (-10%)	5mo	$132,000	$137	68

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 · 2.59% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-18,756
• Equity at exit: $23,842

10-year hold

• IRR: -3.0%
• Equity multiple: 0.80×
• Total profit: $-8,831
• Equity at exit: $13,825

Cash invested: $44,772 (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 →

Seller's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 8 under contract
• Months of supply: 1.4 mo (72%/mo absorbed)
• Median asking: $165,000 ($155/sqft)
• Median days on market: 16 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +5.5% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 35216

• Rents YoY: 2.6%
• Active inventory: 199
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,553 high
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,398/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$326
• Net cashflow: $122

Break-even live

Break-even rent $1,399

Max offer price $159,900

Occupancy floor 87%

Sensitivity live

Price	-10% $232	-5% $177	+0% $122	+5% $67	+10% $11
Rent	-10% $-1	-5% $61	+0% $122	+5% $183	+10% $245
Rate	-1.0pp $203	-0.5pp $163	base $122	+0.5pp $81	+1.0pp $38

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: $39,975
• Closing costs: $4,797
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
616 Woodland Vlg Vestavia Hills, AL	2.0	2.0	1202	$1,600	$1.33	97d	1	0.02mi
616 Woodland Vlg Vestavia Hills, AL	2.0	2.0	1202	$1,495	$1.24	80d	1	0.02mi
311 Woodland Vlg Vestavia Hills, AL	1.0	1.0	780	$1,400	$1.79	63d	1	0.03mi
1202 Woodland Vlg Vestavia Hills, AL	2.0	2.0	1066	$1,475	$1.38	6d	1	0.07mi
178 Old Montgomery Hwy Unit B Birmingham, AL	2.0	1.0	960	$1,723	$1.79	0d	1	0.11mi
1948 Shades Cliff Ter Unit D Birmingham, AL	2.0	1.0	890	$1,300	$1.46	63d	1	0.21mi
153 Old Montgomery Hwy Vestavia Hills, AL	2.0	2.0	992	$1,325	$1.34	63d	1	0.24mi
150 Old Montgomery Hwy Birmingham, AL	2.0	2.0	970	$1,750	$1.80	61d	1	0.25mi
150 Old Montgomery Hwy Unit 1 C Birmingham, AL	2.0	2.0	992	$1,750	$1.76	110d	1	0.25mi
1301 Lakeshore Dr Homewood, AL	1.0–2.0	1.0–2.0	1012	$1,469	$1.45	4d	12	0.29mi
1903 Vestavia Ct Vestavia Hills, AL	1.0–3.0	1.0–2.0	1001	$1,345	$1.34	0d	4	0.63mi
3450 Manor Dr Homewood, AL	1.0–2.0	1.0–2.0	1050	$1,929	$1.84	6d	10	0.87mi
3449 Sandner Ct Unit D Homewood, AL	2.0	2.0	963	$1,450	$1.51	6d	1	0.89mi
3421 Sandner Ct Unit D Homewood, AL	2.0	1.0	864	$1,800	$2.08	139d	1	0.90mi
3405 Sandner Ct Unit D Homewood, AL	2.0	2.0	963	$1,450	$1.51	6d	1	0.90mi
3450 Manor Dr Unit 65-202 Homewood, AL	1.0	1.0	850	$1,719	$2.02	0d	1	0.91mi
3425 Sandner Ct Unit D Homewood, AL	2.0	1.0	864	$1,500	$1.74	139d	1	0.91mi
3343 Old Montgomery Hwy Apt B Homewood, AL	2.0	1.0	860	$1,400	$1.63	6d	1	1.02mi
2000 Molton Ct Apt 4 Vestavia Hills, AL	2.0	1.0	860	$1,075	$1.25	7d	1	1.05mi
3120 Lancaster Ct Unit A Homewood, AL	1.0	1.0	800	$1,999	$2.50	71d	1	1.10mi
3120 Lancaster Ct Unit A Homewood, AL	1.0	1.0	800	$2,499	$3.12	97d	1	1.10mi
3127 Lancaster Ct Unit C Homewood, AL	2.0	2.0	975	$1,950	$2.00	0d	1	1.14mi
3015 Firefighter Ln Unit 201 Birmingham, AL	3.0	2.0	1300	$2,900	$2.23	4d	1	1.25mi
105 E Glenwood Dr Apt A Homewood, AL	2.0	1.0	856	$1,400	$1.64	63d	1	1.28mi
1860 Oxmoor Rd Unit 532 Homewood, AL	2.0	2.0	1118	$3,950	$3.53	98d	1	1.33mi
218 Malaga Ave Birmingham, AL	2.0	2.0	1237	$2,800	$2.26	0d	1	1.49mi

Property features AI

Finance

• Financial info: Down payment assistance available
• HOA & community: Monthly condo fee of $380 covering garbage collection, gas, water, common grounds maintenance, and managementGarbage fee included

Exterior

• Parking: Off-street parking
• Utilities: Public waterConnected sewerElectric water heaterInternet service available
• Home design: Condo/townhome unit on level 2Siding-vinyl constructionSlab foundationExisting construction (not new)
• Construction: Vinyl sidingSlab foundation
• Exterior features: BalconyOpen deckCommunity in-ground pool (swimming allowed)

Interior

• Kitchen: Convection ovenElectric cooktopBuilt-in dishwasherRefrigeratorTile countertops in the kitchen
• Bedrooms: Two bedrooms on the main level with walk-in closets
• Flooring: CarpetVinyl
• Bathrooms: Two full bathrooms (tub/shower combo)
• Heating & cooling: Gas heatingElectric cooling
• Interior features: 1 fireplace with gas starter in the family roomCeilings: see remarksNo additional built-in interior features listed
• Laundry & utility: Laundry located on the upper level with washer hookup and electric dryer hookupLaundry closetPull-down attic

Listing history 50 events

1. 2026-09-23
   days on market $159,900 Active 60 DOM
2. 2026-09-22
   days on market $159,900 Active 59 DOM
3. 2026-09-21
   days on market $159,900 Active 58 DOM
4. 2026-09-20
   days on market $159,900 Active 57 DOM
5. 2026-09-19
   days on market $159,900 Active 56 DOM
6. 2026-09-18
   days on market $159,900 Active 55 DOM
7. 2026-09-17
   days on market $159,900 Active 54 DOM
8. 2026-09-16
   days on market $159,900 Active 53 DOM
9. 2026-09-15
   days on market $159,900 Active 52 DOM
10. 2026-09-14
    days on market $159,900 Active 51 DOM
11. 2026-09-13
    days on market $159,900 Active 50 DOM
12. 2026-09-12
    days on market $159,900 Active 49 DOM
13. 2026-09-11
    days on market $159,900 Active 48 DOM
14. 2026-09-05
    days on market $159,900 Active 42 DOM
15. 2026-09-04
    days on market $159,900 Active 41 DOM
16. 2026-09-03
    days on market $159,900 Active 40 DOM
17. 2026-08-31
    days on market $159,900 Active 37 DOM
18. 2026-08-30
    days on market $159,900 Active 36 DOM
19. 2026-08-29
    days on market $159,900 Active 35 DOM
20. 2026-08-28
    days on market $159,900 Active 34 DOM
21. 2026-08-27
    days on market $159,900 Active 33 DOM
22. 2026-08-25
    days on market $159,900 Active 31 DOM
23. 2026-08-24
    days on market $159,900 Active 30 DOM
24. 2026-08-23
    days on market $159,900 Active 29 DOM
25. 2026-08-22
    days on market $159,900 Active 28 DOM
26. 2026-08-21
    days on market $159,900 Active 27 DOM
27. 2026-08-20
    pricedays on market $159,900 Active 26 DOM
28. 2026-08-19
    days on market $164,900 Active 25 DOM
29. 2026-08-18
    days on market $164,900 Active 24 DOM
30. 2026-08-17
    days on market $164,900 Active 23 DOM
31. 2026-08-16
    days on market $164,900 Active 22 DOM
32. 2026-08-15
    days on market $164,900 Active 21 DOM
33. 2026-08-14
    days on market $164,900 Active 20 DOM
34. 2026-08-13
    days on market $164,900 Active 19 DOM
35. 2026-08-12
    days on market $164,900 Active 18 DOM
36. 2026-08-11
    days on market $164,900 Active 17 DOM
37. 2026-08-10
    days on market $164,900 Active 16 DOM
38. 2026-08-09
    days on market $164,900 Active 15 DOM
39. 2026-08-08
    days on market $164,900 Active 14 DOM
40. 2026-08-07
    days on market $164,900 Active 13 DOM
41. 2026-08-06
    days on market $164,900 Active 12 DOM
42. 2026-08-05
    days on market $164,900 Active 11 DOM
43. 2026-08-04
    days on market $164,900 Active 10 DOM
44. 2026-08-03
    days on market $164,900 Active 9 DOM
45. 2026-07-31
    days on market $164,900 Active 6 DOM
46. 2026-07-30
    days on market $164,900 Active 4 DOM
47. 2026-07-28
    days on market $164,900 Active 3 DOM
48. 2026-07-26
    pricedays on marketlisting id $164,900 Active 1 DOM
49. 2026-03-22
    price $160,000 828-char remark
50. 2026-01-26
    price $165,000 828-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 6 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,638
• − Mortgage interest: −$8,957
• − Property taxes: −$2,398
• − Insurance: −$800
• − Repairs & maintenance: −$1,491
• − Management: −$1,491
• − Depreciation: −$4,652
• Taxable loss: −$1,150
• Est. tax savings @ 24.0%: +$276
• After-tax cash flow: $1,740/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $5,330–$15,990 screening

This well-maintained 2-bedroom condo is move-in ready with a good condition score and minimal repairs needed.

Value-add opportunities

• Both Paint exterior walls — Enhances curb appeal and resale value. ↑
• Both Clean pool area — Maintains community appeal and rental value. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

C Composite school gradezoned avg 62/100

Zoned Schools

Elementary Hall Kent Elementary School B- AL #70/627 Nat'l #8,158/41,679 Middle Homewood Middle School B+ AL #5/257 Nat'l #1,362/14,009 High Homewood High School B- AL #4/305 Nat'l #3,176/17,239

Schools (NCES district)

• District: Homewood City
• NCES district ID: 0101760
• Math proficiency: 55% ▼ -20.00%
• Reading proficiency: 74% ▲ 6.00%
• Median HH income: $63,366
• Composite: 56.01/100
• National rank: #1189
• State rank: #3 of 129 in AL

A Composite livability gradescore 80/100

Livability — Homewood

• Score: 80/100
• State rank: #5
• US rank: #1730

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Homewood, AL
• County: Jefferson County · 669,185 people
• City population: 32,734
• Metro: Birmingham-Hoover, AL
• Population (ZIP): 34,327
• Household income: $74,525
• Rent vs Own: 44.4% rent · 55.6% own
• Severe rent burden: 18% of renters

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Population outlook (Jefferson County) Hauer SSP2

• Today (2025): 669,185 people
• By 2030: 669,694 · +0.1%
• By 2040: 661,388 · -1.2%
• By 2050: 643,086 · -3.9%
• By 2075: 577,267 · -13.7%
• By 2100: 474,758 · -29.1%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 61% Black 24% Hispanic / Latino 8% Asian 5% Two or more races 4% Native American 1%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 88% English-only · Spanish 6% Other Indo-European 2% Arabic 1%

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Political lean MEDSL · Jefferson

• 2024 margin: D (+10.4) · D 54.6% · R 44.2% · Other 1.2%
• 2008→2024 swing: +5.4pp toward D · 2008: 5.1pp · 2024: 10.4pp
• All cycles: 2024: D+10.4 2020: D+13.2 2016: D+7.2 2012: D+6.0 2008: D+5.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -259.83%
• Current HPI: 239.8705
• Rent YoY: ▲ 2.59%
• Metro: Birmingham-Hoover, AL
• State GDP YoY: ▲ 2.94%
• F500 in state: 4

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Industry mix (Fortune 500 HQ in AL)

Industry	F500 HQs	Revenue
▸Financial Services	1	$8B
▸Healthcare	1	$5B

Property features AI

Finance

• Financial info: Down payment assistance available
• HOA & community: Monthly condo fee of $380 covering garbage collection, gas, water, common grounds maintenance, and managementGarbage fee included

Exterior

• Parking: Off-street parking
• Utilities: Public waterConnected sewerElectric water heaterInternet service available
• Home design: Condo/townhome unit on level 2Siding-vinyl constructionSlab foundationExisting construction (not new)
• Construction: Vinyl sidingSlab foundation
• Exterior features: BalconyOpen deckCommunity in-ground pool (swimming allowed)

Interior

• Kitchen: Convection ovenElectric cooktopBuilt-in dishwasherRefrigeratorTile countertops in the kitchen
• Bedrooms: Two bedrooms on the main level with walk-in closets
• Flooring: CarpetVinyl
• Bathrooms: Two full bathrooms (tub/shower combo)
• Heating & cooling: Gas heatingElectric cooling
• Interior features: 1 fireplace with gas starter in the family roomCeilings: see remarksNo additional built-in interior features listed
• Laundry & utility: Laundry located on the upper level with washer hookup and electric dryer hookupLaundry closetPull-down attic

Price history

-8.6% since first listed

6 events — show timeline

• 2026-08-20 Price Changed $159,900 Greater Alabama MLS
• 2026-07-25 Listed $164,900 Greater Alabama MLS
• 2026-03-22 Price Changed $160,000 Greater Alabama MLS
• 2026-01-26 Price Changed $165,000 Greater Alabama MLS
• 2025-12-06 Price Changed $169,900 Greater Alabama MLS
• 2025-08-29 Price Changed $175,000 Greater Alabama MLS